Esoterica NextG Competition

Etfs . USA . 
Etf . Esoterica NextG Economy
WUGI Etf  USD 77.65  0.65  0.84%   
Esoterica NextG Economy competes with Invesco DWA, Invesco Dynamic, SCOR PK, Morningstar Unconstrained, and Thrivent High; as well as few others. Analyzing Esoterica NextG competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Esoterica NextG to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Esoterica NextG Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Esoterica NextG competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
76.2777.6479.01
Details
Intrinsic
Valuation
LowRealHigh
69.8981.7983.16
Details
Naive
Forecast
LowNextHigh
77.1478.5179.87
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
76.0177.2178.41
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Esoterica NextG. Your research has to be compared to or analyzed against Esoterica NextG's peers to derive any actionable benefits. When done correctly, Esoterica NextG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Esoterica NextG Economy.

Esoterica NextG Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Esoterica NextG 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 Esoterica 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 Esoterica NextG Economy does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
XTWY
+ 0.89
XTWO
PWV
+ 0.86
PUI
VIASP
+ 0.8
SCRYY
70082LAB3
+ 0.72
VIASP
70082LAB3
+ 0.67
PWV
SCRYY
+ 0.66
PWV
  
High negative correlations   
XTWY
- 0.75
70082LAB3
70082LAB3
- 0.65
XTWO
XTWY
- 0.59
PWV
SVII
- 0.54
XTWO
XTWO
- 0.52
PWV
SVII
- 0.45
SCRYY

Esoterica NextG Constituents Risk-Adjusted Indicators

There is a big difference between Esoterica Etf performing well and Esoterica NextG 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 Esoterica NextG'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PUI  0.73  0.02 (0.04) 0.13  0.82 
(0.81)
 1.82 
(1.56)
 4.35 
PWV  0.52 (0.03)(0.08) 0.05  0.44 
(0.67)
 1.03 
(0.87)
 4.58 
SCRYY  1.79  0.16  0.05  0.46  1.69 
(2.78)
 5.61 
(3.30)
 12.99 
MSTSX  0.45 (0.01)(0.09) 0.07  0.43 
(0.58)
 1.21 
(0.84)
 2.80 
LBHIX  0.10  0.00 (0.35) 0.14  0.00 
(0.25)
 0.24 
(0.24)
 0.71 
VIASP  0.74  0.12  0.02 (2.24) 1.08 
(0.82)
 2.28 
(1.20)
 7.18 
XTWO  0.08 (0.01) 0.00  2.01  0.00 
 0.00 
 0.12 
(0.12)
 0.53 
SVII  0.18 (0.04)(0.13)(0.02) 0.39 
(0.28)
 0.44 
(0.53)
 4.77 
70082LAB3  0.66  0.09 (0.01)(0.58) 0.95 
(0.79)
 1.75 
(0.78)
 6.86 
XTWY  0.79 (0.17) 0.00  3.30  0.00 
 0.00 
 1.33 
(1.70)
 5.49 
All Fundamental Data

Esoterica NextG Competitive Analysis

The better you understand Esoterica NextG competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Esoterica NextG'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 Esoterica NextG'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
WUGI PUI PWV SCRYY MSTSX LBHIX VIASP XTWO SVII 70082LAB3
 0.84 
 77.65 
Esoterica
 0.07 
 39.97 
Invesco
 0.27 
 58.66 
Invesco
 2.80 
 2.43 
SCOR
 0.17 
 11.80 
Morningstar
 0.23 
 4.25 
Thrivent
 0.40 
 22.26 
Via
 0.06 
 49.15 
Bondbloxx
 0.09 
 11.23 
Spring
 0.18 
 89.29 
70082LAB3
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Unstable
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Good
Weak
Insignificant
Modest
Insignificant
Insignificant
Modest
Very Weak
Very Weak
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Below Average
Low
Low
Above Average
Low
Below Average
Below Average
Current Valuation
(Equity Enterprise Value)
Under Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Hold
Strong Hold
Hold
Strong Hold
Cautious Hold
Strong Sell
Cautious Hold
Strong Hold
Strong Sell
Current Ratio
N/A
N/A
N/A
9.99
N/A
N/A
3.49
N/A
N/A
N/A
Net Asset
16.46 M
75.07 M
710.98 M
51.52 B
116.1 M
674.44 M
355.28 M
35.17 M
250.58 M
N/A
Profit Margin
N/A
96.01
0.71
-0.0209
N/A
N/A
0.0094
N/A
N/A
N/A
EBITDA
N/A
N/A
N/A
1.23 B
N/A
N/A
33.09 M
N/A
10.97 M
N/A
Price To Book
N/A
1.07
2.03
0.67
N/A
1.58
N/A
N/A
0.68
N/A
Operating Margin
N/A
N/A
N/A
-0.0092
N/A
N/A
-0.14
N/A
N/A
N/A
Current Valuation
N/A
N/A
N/A
4.75 B
N/A
N/A
535.95 M
N/A
111.58 M
N/A
Five Year Return
N/A
5.9
9.9
4.83
8.28
3.43
8.97
N/A
N/A
N/A
Retained Earnings
N/A
N/A
N/A
(645.5 M)
N/A
N/A
N/A
N/A
(6.9 M)
N/A
One Year Return
56.1
25.0
20.4
N/A
16.51
10.84
N/A
4.2
N/A
N/A
Beta
1.33
0.8
0.79
1.25
N/A
N/A
1.16
N/A
-0.013
N/A
Equity Positions Weight
90.42
99.88
99.98
N/A
61.63
0.07
N/A
N/A
N/A
N/A
Number Of Employees
N/A
9
1
3.59 K
1
1
169
N/A
N/A
N/A
Cash Position Weight
N/A
N/A
N/A
N/A
14.28
6.56
N/A
N/A
N/A
N/A
Shares Outstanding
N/A
5.75 M
N/A
1.78 B
N/A
N/A
N/A
N/A
9.88 M
N/A
Three Year Return
7.3
6.8
9.5
N/A
7.26
2.94
N/A
N/A
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
2.41 B
N/A
N/A
12.7 M
N/A
(491.06 K)
N/A
Annual Yield
N/A
N/A
N/A
0.0789
0.0204
0.0612
0.0972
N/A
N/A
N/A
Total Debt
N/A
N/A
N/A
3.05 B
N/A
N/A
135 M
N/A
8.22 M
N/A
Return On Equity
N/A
0.0308
3.0E-4
-0.0574
N/A
N/A
0.017
N/A
N/A
N/A
Bond Positions Weight
N/A
N/A
N/A
N/A
22.72
92.23
N/A
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
0.6
N/A
N/A
1.0
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
3.0E-4
2.61
-0.002
N/A
N/A
-0.11
N/A
-0.0028
N/A
Book Value Per Share
N/A
N/A
N/A
3.04
N/A
N/A
3.66
N/A
-0.22
N/A
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
N/A
27
N/A
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
N/A
Total Asset
16.46 M
75.07 M
710.98 M
51.52 B
215.11 M
347.66 M
355.28 M
35.17 M
250.58 M
N/A
Last Dividend Paid
N/A
0.25
0.25
N/A
N/A
0.02
0.73
N/A
N/A
N/A
Debt To Equity
N/A
N/A
N/A
0.43
N/A
N/A
0.69
N/A
N/A
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
0.7
N/A
0.05
N/A
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
69.23
N/A
Market Capitalization
N/A
220.01 M
1.27 B
4.35 B
50.36 M
N/A
N/A
N/A
110.95 M
N/A
Price To Earning
N/A
6.0
3.72
12.21
N/A
35.48
26.83
N/A
N/A
N/A
Price To Earnings To Growth
N/A
N/A
N/A
0.28
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
N/A
1.34
1.18
0.2
N/A
1.23
N/A
N/A
N/A
N/A
Net Income
N/A
1.03 M
10.89 M
456 M
N/A
N/A
5.2 M
N/A
10.97 M
N/A
Earnings Per Share
N/A
3.23
2.06
0.25
N/A
N/A
1.17
N/A
0.36
N/A
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
34.37
N/A
Revenue
N/A
1.29 M
13.61 M
16.03 B
N/A
N/A
393.49 M
N/A
N/A
N/A
Year To Date Return
N/A
N/A
N/A
N/A
13.79
7.84
N/A
N/A
N/A
N/A
Ten Year Return
N/A
8.4
9.3
N/A
N/A
6.0
N/A
N/A
N/A
N/A
Working Capital
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.15 M
N/A
Cash And Equivalents
N/A
232
N/A
3.52 B
N/A
N/A
51.31 M
N/A
N/A
N/A
Cash Per Share
N/A
N/A
N/A
1.97
N/A
N/A
3.23
N/A
N/A
N/A
Gross Profit
N/A
N/A
28.65 M
(853 M)
N/A
N/A
74.67 M
N/A
N/A
N/A
Day Typical Price
77.51
40.03
58.68
2.42
11.8
4.25
22.28
49.16
11.23
89.29
Accumulation Distribution
0.0073
0.0042
0.0049
0.11
N/A
N/A
0.0054
8.0E-4
N/A
N/A
Market Facilitation Index
0.57
0.17
0.29
0.27
N/A
N/A
0.12
0.04
N/A
N/A
Daily Balance Of Power
1.140351
(0.18)
(0.55)
(0.26)
(9,223,372,036,855)
(9,223,372,036,855)
(0.75)
(0.75)
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
0.65
(0.03)
(0.16)
(0.07)
(0.02)
(0.01)
(0.09)
(0.03)
0.01
(0.16)
Rate Of Daily Change
1.01
1.0
1.0
0.97
1.0
1.0
1.0
1.0
1.0
1.0
Day Median Price
77.44
40.06
58.7
2.42
11.8
4.25
22.29
49.16
11.23
89.29
Price Action Indicator
0.54
(0.10)
(0.12)
(0.02)
(0.01)
(0.01)
(0.07)
(0.03)
0.005
(0.08)
Coefficient Of Variation
581.83
1511.81
1300.39
1231.55
1206.74
1066.12
926.02
(2,721)
12470.64
1251.33
Mean Deviation
0.99
0.7303
0.5248
1.79
0.4524
0.1012
0.7419
0.0774
0.1766
0.6594
Jensen Alpha
0.1596
0.0166
(0.03)
0.1616
(0.01)
0.0015
0.1195
(0.01)
(0.04)
0.0922
Total Risk Alpha
0.0546
(0.07)
(0.04)
(0.12)
(0.03)
(0.01)
(0.03)
(0.03)
(0.07)
(0.06)
Sortino Ratio
0.0927
(0.04)
(0.08)
0.0544
(0.09)
(0.35)
0.0189
N/A
(0.13)
(0.01)
Downside Variance
2.06
0.8238
0.2674
4.18
0.3074
0.0608
1.72
N/A
0.5686
1.16
Standard Deviation
1.36
0.9495
0.7354
2.6
0.5871
0.154
1.16
0.0992
0.475
1.12
Kurtosis
1.72
0.098
7.68
3.32
0.1403
0.3897
5.63
2.92
20.48
10.67
Potential Upside
2.35
1.82
1.03
5.61
1.21
0.237
2.28
0.1227
0.4394
1.75
Treynor Ratio
0.3157
0.1314
0.0547
0.4573
0.0703
0.1359
(2.24)
2.01
(0.02)
(0.58)
Maximum Drawdown
7.65
4.35
4.58
12.99
2.8
0.7081
7.18
0.5275
4.77
6.86
Variance
1.84
0.9015
0.5408
6.77
0.3447
0.0237
1.34
0.0098
0.2256
1.26
Market Risk Adjusted Performance
0.3257
0.1414
0.0647
0.4673
0.0803
0.1459
(2.23)
2.02
(0.01)
(0.57)
Risk Adjusted Performance
0.1293
0.0503
0.0559
0.0661
0.0577
0.0309
0.082
(0.09)
5.0E-4
0.0615
Skewness
(0.41)
0.011
1.91
1.21
0.3734
0.286
(0.96)
(0.81)
0.9626
0.048
Semi Deviation
1.24
0.8155
0.4419
1.69
0.4274
0.0
1.08
N/A
0.3888
0.953
Information Ratio
0.0981
(0.04)
(0.06)
0.0427
(0.09)
(0.56)
0.0214
(1.05)
(0.20)
(0.01)
Value At Risk
(2.10)
(1.56)
(0.87)
(3.30)
(0.84)
(0.24)
(1.20)
(0.12)
(0.53)
(0.78)
Expected Short fall
(1.06)
(0.81)
(0.67)
(2.78)
(0.58)
(0.25)
(0.82)
N/A
(0.28)
(0.79)
Downside Deviation
1.44
0.9076
0.5171
2.04
0.5545
0.2467
1.31
N/A
0.754
1.08
Semi Variance
1.54
0.6651
0.1953
2.87
0.1827
(0)
1.17
N/A
0.1512
0.9082

Esoterica NextG Competition Performance Charts

Five steps to successful analysis of Esoterica NextG Competition

Esoterica NextG'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 Esoterica NextG Economy in relation to its competition. Esoterica NextG's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Esoterica NextG 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 Esoterica NextG's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Esoterica NextG Economy, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Esoterica NextG position

In addition to having Esoterica NextG 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.

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Communication Services
Communication Services Theme
Companies that provide networking, telecom, and long distance services. The Communication Services theme has 37 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 Communication Services Theme or any other thematic opportunities.
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When determining whether Esoterica NextG Economy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Esoterica NextG's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Esoterica Nextg Economy Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Esoterica Nextg Economy Etf:
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Check out Esoterica NextG Correlation with its peers.
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The market value of Esoterica NextG Economy is measured differently than its book value, which is the value of Esoterica that is recorded on the company's balance sheet. Investors also form their own opinion of Esoterica NextG's value that differs from its market value or its book value, called intrinsic value, which is Esoterica NextG's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Esoterica NextG's market value can be influenced by many factors that don't directly affect Esoterica NextG's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Esoterica NextG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Esoterica NextG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Esoterica NextG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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