Elkhorn Competition

Elkhorn competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, and Vanguard Value; as well as few others. Analyzing Elkhorn 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 Elkhorn to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

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 Elkhorn competition on your existing holdings.

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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Elkhorn. Your research has to be compared to or analyzed against Elkhorn's peers to derive any actionable benefits. When done correctly, Elkhorn'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 Elkhorn.

Elkhorn Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elkhorn 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 Elkhorn 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 Elkhorn does not affect the price movement of the other competitor.

	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO
VTI		1.0	1.0	-0.54	0.76	0.97	0.96	-0.67	0.97	-0.31	VTI
SPY	1.0		1.0	-0.54	0.75	0.98	0.95	-0.65	0.95	-0.27	SPY
IVV	1.0	1.0		-0.54	0.75	0.97	0.95	-0.65	0.95	-0.27	IVV
BND	-0.54	-0.54	-0.54		-0.43	-0.52	-0.55	0.82	-0.5	0.2	BND
VTV	0.76	0.75	0.75	-0.43		0.59	0.88	-0.5	0.83	-0.22	VTV
VUG	0.97	0.98	0.97	-0.52	0.59		0.88	-0.64	0.9	-0.28	VUG
VO	0.96	0.95	0.95	-0.55	0.88	0.88		-0.69	0.98	-0.33	VO
VEA	-0.67	-0.65	-0.65	0.82	-0.5	-0.64	-0.69		-0.69	0.59	VEA
VB	0.97	0.95	0.95	-0.5	0.83	0.9	0.98	-0.69		-0.41	VB
VWO	-0.31	-0.27	-0.27	0.2	-0.22	-0.28	-0.33	0.59	-0.41		VWO
	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO

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High positive correlations

SPY	+ 1.0	VTI
IVV	+ 1.0	VTI
IVV	+ 1.0	SPY
VUG	+ 0.98	SPY
VB	+ 0.98	VO
VUG	+ 0.97	VTI

High negative correlations

VB	- 0.69	VEA
VEA	- 0.69	VO
VEA	- 0.67	VTI
VEA	- 0.65	IVV
VEA	- 0.65	SPY
VEA	- 0.64	VUG

Elkhorn Constituents Risk-Adjusted Indicators

There is a big difference between Elkhorn Etf performing well and Elkhorn 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 Elkhorn'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
VTI	0.50	0.07	0.09	0.14	0.45	(0.58)	0.97	(0.91)	4.07
SPY	0.47	0.06	0.07	0.14	0.44	(0.50)	0.95	(0.90)	3.77
IVV	0.48	0.06	0.06	0.13	0.47	(0.50)	0.95	(0.91)	3.75
BND	0.23	(0.06)	0.00	(0.67)	0.00	0.00	0.40	(0.60)	1.35
VTV	0.47	(0.04)	(0.11)	0.01	0.46	(0.57)	1.05	(0.71)	3.47
VUG	0.65	0.15	0.14	0.27	0.63	(0.68)	1.66	(1.34)	5.33
VO	0.54	0.04	0.05	0.10	0.42	(0.65)	1.33	(0.93)	3.69
VEA	0.58	(0.06)	0.00	(1.10)	0.00	0.00	1.21	(1.28)	3.86
VB	0.70	0.05	0.08	0.10	0.61	(0.74)	1.66	(1.15)	5.31
VWO	0.80	0.04	(0.01)	0.27	0.92	(0.88)	2.17	(1.85)	6.41

Unable to evaluate fundamental data of [VTI, SPY, IVV, BND, VTV, VUG, VO, VEA, VB, VWO] at this time. Please try again later

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Elkhorn Competitive Analysis

The better you understand Elkhorn competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elkhorn'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 Elkhorn's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

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	VTI	SPY	IVV	BND	VTV	VUG	VO	VEA	VB	VWO
	0.14 300.07 Vanguard	0.20 605.52 SPDR	0.26 606.60 IShares	0.01 72.74 Vanguard	0.05 173.38 Vanguard	0.21 427.83 Vanguard	0.11 273.25 Vanguard	0.30 49.62 Vanguard	0.04 251.08 Vanguard	0.22 46.00 Vanguard
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Good	Good	Very Weak	Very Weak	Solid	OK	Very Weak	OK	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly 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	Strong Buy	Strong Buy	Cautious Hold	Strong Hold	Strong Buy	Buy	Cautious Hold	Buy	Cautious Hold
Price To Sales	31.92	1.93	1.9	N/A	1.43	2.98	1.57	1.0	1.25	1.2
Equity Positions Weight	99.06	99.92	99.82	N/A	99.75	99.74	98.97	97.25	97.71	96.93
Three Year Return	9.7	10.6	10.6	-2.2	9.5	10.8	5.1	2.8	6.3	1.0
Net Asset	1.15 T	367.35 B	294.73 B	268.1 B	149.28 B	136.74 B	136.4 B	134.45 B	114.93 B	83.02 B
Price To Book	2.59	2.75	2.7	N/A	2.07	4.29	2.46	1.44	2.06	1.52
Five Year Return	14.9	15.5	15.5	-0.2	10.8	19.6	11.2	5.6	10.7	4.1
One Year Return	29.9	30.1	30.2	3.2	21.3	38.5	22.8	9.2	23.9	17.2
Last Dividend Paid	0.7	1.37	0.8	0.14	0.7	0.42	0.51	0.2	0.32	0.17
Bond Positions Weight	N/A	N/A	N/A	7.99	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	13.2	13.6	13.7	1.3	10.6	16.4	10.4	5.8	10.0	4.6
Price To Earning	4.64	21.44	2.9	N/A	73.58	4.99	8.85	15.67	3.94	6.21
Beta	1.04	1.0	1.0	0.99	0.8	1.2	1.06	1.09	1.1	0.86
Day Typical Price	299.93	605.11	606.08	72.74	173.35	427.53	273.25	49.74	251.08	46.0
Accumulation Distribution	0.0014	0.002	0.0026	0.0025	5.0E-4	0.0021	N/A	0.0072	N/A	N/A
Market Facilitation Index	0.41	1.23	1.55	0.18	0.09	0.9	N/A	0.36	N/A	N/A
Daily Balance Of Power	1.0	1.0	1.0	(0.06)	1.0	1.0	(9,223,372,036,855)	(0.42)	(9,223,372,036,855)	(9,223,372,036,855)
Period Momentum Indicator	0.41	1.23	1.55	(0.01)	0.09	0.9	(0.29)	(0.15)	(0.11)	(0.10)
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	299.87	604.91	605.83	72.74	173.33	427.38	273.25	49.8	251.08	46.0
Price Action Indicator	0.41	1.23	1.55	(0.01)	0.09	0.9	(0.15)	(0.26)	(0.06)	(0.05)
Coefficient Of Variation	561.86	572.82	608.73	(762.36)	4347.56	442.2	707.87	(1,567)	739.33	1923.05
Mean Deviation	0.5014	0.4686	0.4786	0.2317	0.4711	0.6462	0.5384	0.579	0.6956	0.8033
Jensen Alpha	0.0656	0.0622	0.0566	(0.06)	(0.04)	0.1534	0.0388	(0.06)	0.0508	0.0393
Total Risk Alpha	0.0574	0.0523	0.0463	(0.08)	(0.05)	0.1232	0.0327	(0.12)	0.0425	(0.04)
Sortino Ratio	0.0868	0.0726	0.0626	N/A	(0.11)	0.1411	0.055	N/A	0.0759	(0.01)
Downside Variance	0.3908	0.4156	0.4393	N/A	0.229	0.9554	0.2991	N/A	0.6207	1.08
Standard Deviation	0.6852	0.6557	0.6648	0.3111	0.62	0.9093	0.6922	0.7495	0.9427	1.16
Kurtosis	3.42	3.11	2.85	1.18	3.96	2.01	1.63	0.8281	3.63	1.61
Potential Upside	0.9677	0.9458	0.9482	0.3955	1.05	1.66	1.33	1.21	1.66	2.17
Treynor Ratio	0.1395	0.1427	0.1344	(0.67)	0.0054	0.2672	0.1035	(1.10)	0.1016	0.2675
Maximum Drawdown	4.07	3.77	3.75	1.35	3.47	5.33	3.69	3.86	5.31	6.41
Variance	0.4695	0.43	0.442	0.0968	0.3845	0.8269	0.4791	0.5617	0.8887	1.34
Market Risk Adjusted Performance	0.1495	0.1527	0.1444	(0.66)	0.0154	0.2772	0.1135	(1.09)	0.1116	0.2775
Risk Adjusted Performance	0.1284	0.1255	0.1182	(0.11)	0.015	0.1659	0.1019	(0.05)	0.1003	0.0414
Skewness	0.5331	0.251	0.225	0.1838	1.41	(0.36)	0.8203	0.5109	1.22	0.4559
Semi Deviation	0.4521	0.4443	0.4699	N/A	0.4562	0.6276	0.4161	N/A	0.6141	0.9221
Information Ratio	0.0792	0.0713	0.0624	(0.35)	(0.09)	0.1517	0.0435	(0.15)	0.0634	(0.01)
Value At Risk	(0.91)	(0.90)	(0.91)	(0.60)	(0.71)	(1.34)	(0.93)	(1.28)	(1.15)	(1.85)
Expected Short fall	(0.58)	(0.50)	(0.50)	N/A	(0.57)	(0.68)	(0.65)	N/A	(0.74)	(0.88)
Downside Deviation	0.6251	0.6446	0.6628	N/A	0.4785	0.9775	0.5469	N/A	0.7878	1.04
Semi Variance	0.2044	0.1974	0.2208	N/A	0.2082	0.3939	0.1731	N/A	0.3771	0.8502

Elkhorn Competition Performance Charts

Five steps to successful analysis of Elkhorn Competition

Elkhorn'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 Elkhorn in relation to its competition. Elkhorn's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Elkhorn 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 Elkhorn's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elkhorn, 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 Elkhorn position

In addition to having Elkhorn 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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Agriculture

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 30 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 Agriculture Theme or any other thematic opportunities.

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Other Tools for Elkhorn Etf

When running Elkhorn's price analysis, check to measure Elkhorn's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elkhorn is operating at the current time. Most of Elkhorn's value examination focuses on studying past and present price action to predict the probability of Elkhorn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elkhorn's price. Additionally, you may evaluate how the addition of Elkhorn to your portfolios can decrease your overall portfolio volatility.

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