Herzfeld Creditome Competition
| HERZ Etf | 1.92 0.06 3.03% |
Herzfeld Creditome vs NestYield Dynamic Correlation
Excellent diversification
The correlation between Herzfeld Creditome Fund and EGGY is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Herzfeld Creditome Fund and EGGY in the same portfolio, assuming nothing else is changed.
Moving together with Herzfeld Etf
Moving against Herzfeld Etf
Herzfeld Creditome Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Herzfeld Creditome 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 Herzfeld 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 Herzfeld Creditome does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Herzfeld Creditome Competition Risk-Adjusted Indicators
There is a big difference between Herzfeld Etf performing well and Herzfeld Creditome 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 Herzfeld Creditome'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.60 | (0.03) | (0.01) | 0.02 | 2.40 | 3.43 | 13.02 | |||
| MSFT | 1.24 | (0.29) | 0.00 | (1.12) | 0.00 | 1.85 | 4.90 | |||
| UBER | 1.47 | (0.24) | 0.00 | (0.26) | 0.00 | 2.50 | 10.23 | |||
| F | 1.47 | 0.18 | 0.10 | 0.52 | 1.32 | 3.65 | 16.30 | |||
| T | 0.88 | (0.03) | 0.00 | (0.14) | 0.00 | 1.63 | 4.30 | |||
| A | 1.19 | (0.22) | 0.00 | (0.12) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.53 | (0.30) | 0.00 | (0.24) | 0.00 | 2.94 | 12.37 | |||
| JPM | 1.11 | 0.04 | (0.01) | (0.50) | 1.66 | 2.00 | 7.38 | |||
| MRK | 1.26 | 0.30 | 0.21 | 0.47 | 1.14 | 3.59 | 8.09 | |||
| XOM | 1.06 | 0.24 | 0.18 | 0.45 | 0.96 | 2.38 | 5.82 |
Herzfeld Creditome Competitive Analysis
The better you understand Herzfeld Creditome competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Herzfeld Creditome'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 Herzfeld Creditome'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 |
Herzfeld Creditome Competition Performance Charts
Five steps to successful analysis of Herzfeld Creditome Competition
Herzfeld Creditome'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 Herzfeld Creditome in relation to its competition. Herzfeld Creditome's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Herzfeld Creditome 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 Herzfeld Creditome's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Herzfeld Creditome, 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.
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Check out Herzfeld Creditome Correlation with its peers.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Understanding Herzfeld Creditome requires distinguishing between market price and book value, where the latter reflects Herzfeld's accounting equity. The concept of intrinsic value—what Herzfeld Creditome's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Herzfeld Creditome's price substantially above or below its fundamental value.
Please note, there is a significant difference between Herzfeld Creditome's value and its price as these two are different measures arrived at by different means. Investors typically determine if Herzfeld Creditome is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Herzfeld Creditome's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.