North Competitors
| 0MQ0 Stock | 46.40 0.00 0.00% |
North Media vs Covivio Hotels Correlation
Good diversification
The correlation between North Media AS and 0IS8 is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North Media AS and 0IS8 in the same portfolio, assuming nothing else is changed.
Moving against North Stock
North Media Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between North Media 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 North 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 North Media AS 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 North Stock performing well and North Media 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 North Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0HGR | 1.41 | (0.04) | 0.00 | (0.05) | 0.00 | 3.24 | 11.98 | |||
| 0KGH | 1.56 | (0.63) | 0.00 | (0.49) | 0.00 | 2.94 | 13.84 | |||
| 0VL8 | 0.77 | 0.33 | 0.34 | 2.30 | 0.00 | 2.53 | 4.62 | |||
| 0LY1 | 1.64 | 0.37 | 0.24 | 0.49 | 1.24 | 4.52 | 8.34 | |||
| 0KTI | 0.76 | (0.08) | 0.00 | (0.44) | 0.00 | 1.37 | 5.19 | |||
| 0LDR | 2.18 | (0.66) | 0.00 | (0.68) | 0.00 | 4.89 | 14.73 | |||
| 0IS8 | 1.67 | 0.02 | 0.00 | 0.08 | 2.37 | 2.61 | 8.27 |
North Media Competitive Analysis
The better you understand North Media competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, North Media'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 North Media'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 |
North Media Competition Performance Charts
Five steps to successful analysis of North Media Competition
North Media'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 North Media AS in relation to its competition. North Media's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of North Media 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 North Media's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to North Media AS, 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.
Complement your North Media position
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Cancer Fighters
Biotech and medical diagnostic companies that work on researching drugs or manufacturing of medical and therapeutics equipment that is directly related to the research, treatment, and detection of cancer or cancer related diseases. The Cancer Fighters theme has 36 constituents at this time.
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Additional Tools for North Stock Analysis
When running North Media's price analysis, check to measure North Media'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 North Media is operating at the current time. Most of North Media's value examination focuses on studying past and present price action to predict the probability of North Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Media's price. Additionally, you may evaluate how the addition of North Media to your portfolios can decrease your overall portfolio volatility.