Covivio Competitors
| 0IS8 Stock | 23.20 0.20 0.87% |
Covivio Hotels vs Nordic Mining Correlation
Good diversification
The correlation between Covivio Hotels SCA and 0GYZ is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Covivio Hotels SCA and 0GYZ in the same portfolio, assuming nothing else is changed.
Moving against Covivio Stock
Covivio Hotels Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Covivio Hotels and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Covivio 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 Covivio Hotels SCA does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Covivio Stock performing well and Covivio Hotels Company 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 Covivio Hotels' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0HGR | 1.41 | 0.10 | 0.03 | 0.31 | 1.64 | 3.24 | 7.61 | |||
| 0KGH | 1.42 | (0.49) | 0.00 | (0.35) | 0.00 | 2.94 | 13.84 | |||
| 0VL8 | 0.98 | 0.49 | 0.34 | 1.05 | 0.65 | 2.69 | 7.68 | |||
| 0LY1 | 1.56 | 0.31 | 0.19 | 0.55 | 1.24 | 3.65 | 7.69 | |||
| 0KTI | 0.78 | (0.04) | 0.00 | (0.16) | 0.00 | 1.37 | 5.19 | |||
| 0LDR | 2.37 | (0.48) | 0.00 | (1.05) | 0.00 | 4.97 | 17.48 | |||
| 0GYZ | 2.50 | (0.51) | 0.00 | (0.53) | 0.00 | 3.72 | 33.67 |
Covivio Hotels Competitive Analysis
The better you understand Covivio Hotels competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Covivio Hotels' 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 Covivio Hotels' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Covivio Hotels Competition Performance Charts
Five steps to successful analysis of Covivio Hotels Competition
Covivio Hotels' 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 Covivio Hotels SCA in relation to its competition. Covivio Hotels' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Covivio Hotels 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 Covivio Hotels' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Covivio Hotels SCA, 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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Additional Tools for Covivio Stock Analysis
When running Covivio Hotels' price analysis, check to measure Covivio Hotels' 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 Covivio Hotels is operating at the current time. Most of Covivio Hotels' value examination focuses on studying past and present price action to predict the probability of Covivio Hotels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covivio Hotels' price. Additionally, you may evaluate how the addition of Covivio Hotels to your portfolios can decrease your overall portfolio volatility.