FundX Investment Competition
| FFOX Etf | 28.09 0.07 0.25% |
FundX Investment vs Nationwide Highmark Correlation
Poor diversification
The correlation between FundX Investment Trust and NWGPX is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FundX Investment Trust and NWGPX in the same portfolio, assuming nothing else is changed.
Moving together with FundX Etf
FundX Investment Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between FundX Investment 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 FundX 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 FundX Investment Trust does not affect the price movement of the other competitor.
FundX Investment Constituents Risk-Adjusted Indicators
There is a big difference between FundX Etf performing well and FundX Investment 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 FundX Investment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAMFX | 0.64 | 0.12 | 0.14 | 0.22 | 0.46 | 1.60 | 8.33 | |||
| RPGIX | 1.00 | 0.33 | 0.29 | 0.44 | 0.61 | 1.94 | 10.59 | |||
| FTGWX | 0.47 | 0.05 | 0.04 | 0.14 | 0.62 | 0.96 | 3.36 | |||
| PGUCX | 0.44 | 0.02 | (0.04) | (1.14) | 0.59 | 0.87 | 2.96 | |||
| PGIUX | 0.58 | 0.14 | 0.15 | 0.48 | 0.46 | 0.87 | 8.44 | |||
| NWKEX | 1.53 | 0.45 | 0.44 | 0.74 | 0.48 | 2.34 | 36.28 | |||
| SCURX | 0.78 | 0.07 | 0.08 | 0.11 | 0.76 | 1.96 | 5.07 | |||
| SCUIX | 1.05 | 0.27 | 0.31 | 0.21 | 0.52 | 2.33 | 17.73 | |||
| HOOSX | 1.06 | 0.28 | 0.31 | 0.21 | 0.49 | 2.31 | 18.08 | |||
| NWGPX | 1.65 | 0.52 | 0.50 | 0.81 | 0.41 | 2.35 | 41.25 |
FundX Investment Competitive Analysis
The better you understand FundX Investment competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, FundX Investment'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 FundX Investment'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 |
FundX Investment Competition Performance Charts
Five steps to successful analysis of FundX Investment Competition
FundX Investment'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 FundX Investment Trust in relation to its competition. FundX Investment's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of FundX Investment 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 FundX Investment's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to FundX Investment Trust, 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 FundX Investment position
In addition to having FundX Investment 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 Consumer Funds Thematic Idea Now
Consumer Funds
Funds or Etfs that invest in consumer products such as packaged goods, clothing, food, beverages and retail services. The Consumer Funds theme has 40 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 Consumer Funds Theme or any other thematic opportunities.
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Check out FundX Investment Correlation with its peers. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Investors evaluate FundX Investment Trust using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating FundX Investment's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause FundX Investment's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between FundX Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if FundX Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, FundX Investment's market price signifies the transaction level at which participants voluntarily complete trades.