Industrial Select Related Correlations
| XLI Etf | USD 121.38 0.91 0.76% |
The market value of Industrial Select Sector is measured differently than its book value, which is the value of Industrial that is recorded on the company's balance sheet. Investors also form their own opinion of Industrial Select's value that differs from its market value or its book value, called intrinsic value, which is Industrial Select'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 Industrial Select's market value can be influenced by many factors that don't directly affect Industrial Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Industrial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Industrial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Industrial Select'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.
Correlations
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Industrial Select Constituents Risk-Adjusted Indicators
There is a big difference between Industrial Etf performing well and Industrial Select 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 Industrial Select'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XLB | 0.62 | 0.03 | 0.04 | 0.11 | 0.75 | 1.43 | 4.20 | |||
| XLY | 0.81 | (0.12) | 0.00 | (0.02) | 0.00 | 1.49 | 3.91 | |||
| XLP | 0.48 | 0.06 | (0.02) | 0.94 | 0.49 | 1.05 | 3.15 | |||
| XLV | 0.48 | (0.07) | (0.13) | 0.00 | 0.61 | 1.09 | 2.89 | |||
| XLU | 0.77 | 0.05 | 0.05 | 0.14 | 0.88 | 1.89 | 4.50 |