Soundwatch Hedged Competition
| SHDG Etf | USD 32.68 0.08 0.24% |
Soundwatch Hedged vs AIM ETF Correlation
Almost no diversification
The correlation between Soundwatch Hedged Equity and OCTW is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soundwatch Hedged Equity and OCTW in the same portfolio, assuming nothing else is changed.
Moving together with Soundwatch Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Soundwatch Hedged's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Soundwatch Hedged Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Soundwatch Hedged and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of Soundwatch and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Soundwatch Hedged Equity does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Soundwatch Hedged Constituents Risk-Adjusted Indicators
There is a big difference between Soundwatch Etf performing well and Soundwatch Hedged ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Soundwatch Hedged's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AUGW | 0.18 | 0.00 | (0.08) | 0.05 | 0.22 | 0.47 | 1.43 | |||
| APRW | 0.09 | 0.01 | (0.14) | 0.14 | 0.00 | 0.20 | 0.67 | |||
| SIXJ | 0.19 | 0.02 | (0.02) | 0.10 | 0.23 | 0.42 | 1.79 | |||
| XTL | 1.45 | 0.08 | 0.05 | 0.09 | 1.83 | 2.63 | 8.95 | |||
| TJUL | 0.13 | 0.00 | (0.15) | 0.17 | 0.16 | 0.27 | 0.95 | |||
| MSTB | 0.50 | (0.06) | 0.00 | (0.05) | 0.00 | 0.87 | 3.61 | |||
| ADPV | 1.37 | (0.06) | (0.02) | 0.00 | 1.89 | 2.23 | 8.23 | |||
| OGIG | 0.95 | (0.35) | 0.00 | (0.36) | 0.00 | 1.49 | 5.33 | |||
| HERO | 0.87 | (0.17) | 0.00 | (0.20) | 0.00 | 1.69 | 5.05 | |||
| OCTW | 0.21 | 0.00 | (0.08) | 0.03 | 0.28 | 0.42 | 1.65 |
Soundwatch Hedged Competitive Analysis
The better you understand Soundwatch Hedged competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Soundwatch Hedged's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Soundwatch Hedged's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Soundwatch Hedged Competition Performance Charts
Five steps to successful analysis of Soundwatch Hedged Competition
Soundwatch Hedged's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Soundwatch Hedged Equity in relation to its competition. Soundwatch Hedged's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Soundwatch Hedged in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Soundwatch Hedged's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Soundwatch Hedged Equity, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Soundwatch Hedged position
In addition to having Soundwatch Hedged in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Artificial Intelligence Thematic Idea Now
Artificial Intelligence
Technology companies, funds, and ETFs across multiple industries that are involved in research or development in the field of reasoning, learning, natural language processing and perception as well as its application to science and commerce. This theme may also include entities involved in cybernetics and cognitive brain simulation field. The Artificial Intelligence theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Artificial Intelligence Theme or any other thematic opportunities.
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Check out Soundwatch Hedged Correlation with its peers. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Understanding Soundwatch Hedged Equity requires distinguishing between market price and book value, where the latter reflects Soundwatch's accounting equity. The concept of intrinsic value—what Soundwatch Hedged's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push Soundwatch Hedged's price substantially above or below its fundamental value.
Please note, there is a significant difference between Soundwatch Hedged's value and its price as these two are different measures arrived at by different means. Investors typically determine if Soundwatch Hedged is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Soundwatch Hedged's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.