Right Competitors

Stocks . Taiwan . 
Stock . Right Way Industrial
1506 Stock  TWD 12.50  0.10  0.79%   
Right Way Industrial competes with Cayman Engley, Amulaire Thermal, Mosa Industrial, Yusin Holding, and YCC Parts; as well as few others. The company operates under Auto Components sector and is part of Consumer Discretionary industry. Analyzing Right Way 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 Right Way to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Right Way Correlation with its peers.

Right Way vs Kian Shen Correlation

Very good diversification

The correlation between Right Way Industrial and 1525 is -0.41 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Right Way Industrial and 1525 in the same portfolio, assuming nothing else is changed.
Hype
Prediction
LowEstimatedHigh
10.6512.5014.35
Details
Intrinsic
Valuation
LowRealHigh
10.6912.5414.39
Details
Naive
Forecast
LowNextHigh
10.3912.2514.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.0912.2113.34
Details

Right Way Competition Correlation Matrix

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

High positive correlations

4557
+ 0.79
2239
1525
+ 0.54
2239
2241
+ 0.53
2239
2109
+ 0.51
1339
4557
+ 0.49
2254
1525
+ 0.47
2109
  

High negative correlations

2109
- 0.6
4564
4570
- 0.57
2239
4570
- 0.56
2241
1525
- 0.55
4570
4557
- 0.42
4570
1525
- 0.37
4564

Risk-Adjusted Indicators

There is a big difference between Right Stock performing well and Right Way 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 Right Way'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
2239  1.92 (0.09) 0.00 (2.82) 0.00 
 0.00 
 4.41 
(4.48)
 12.07 
2254  0.44  0.00 (0.04) 0.02  0.65 
(0.50)
 1.03 
(1.17)
 3.38 
2241  1.90 (0.23) 0.00  4.68  0.00 
 0.00 
 2.89 
(4.17)
 12.98 
4570  0.58  0.16  0.00 (1.30) 0.00 
 0.00 
 2.00 
(1.09)
 7.23 
4564  1.45 (0.10) 0.00 (1.00) 0.00 
 0.00 
 2.70 
(2.82)
 12.19 
4557  1.11 (0.01)(0.03)(0.03) 1.34 
(1.19)
 2.66 
(2.40)
 8.23 
1339  1.16 (0.07) 0.00 (0.34) 0.00 
 0.00 
 3.31 
(2.76)
 9.69 
2109  0.44 (0.04) 0.00 (0.23) 0.00 
 0.00 
 0.67 
(0.98)
 5.84 
1533  1.78  0.07  0.02  2.36  2.39 
(2.04)
 6.31 
(3.93)
 18.06 
1525  0.88  0.06  0.02 (0.55) 1.07 
(0.97)
 1.77 
(1.86)
 6.30 

Right Way Competitive Analysis

The better you understand Right Way competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Right Way'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 Right Way'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
1506 2239 2254 2241 4570 4564 4557 1339 2109 1533
 0.79 
 12.50 
Right
 0.87 
 28.55 
Cayman
 0.17 
 59.50 
Coplus
 1.39 
 32.00 
Amulaire
 2.83 
 69.00 
4570
 2.99 
 16.25 
Mosa
 2.82 
 69.00 
Yusin
 2.84 
 42.70 
YCC
 0.33 
 14.90 
Hwa
 0.16 
 31.35 
Mobiletron
Market Volatility
(90 Days Market Risk)
Not too volatile
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weak
Weakest
Weakest
Weakest
Good
Weakest
Weak
Weakest
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Unknown
Moderate
Unknown
Low
Low
Low
Low
Small
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly 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)
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Sell
Sell
Sell
Cautious Hold
Cautious Hold
Sell
Current Ratio
1.12
1.17
N/A
4.4
N/A
1.48
2.31
1.59
1.72
1.57
Net Asset
2.43 B
32.15 B
N/A
2.98 B
N/A
8.11 B
2.97 B
5.05 B
8.32 B
7.72 B
Profit Margin
0.12
0.0093
N/A
-0.21
N/A
0.0663
0.17
0.24
0.0631
0.0223
EBITDA
156.5 M
2.98 B
N/A
(34.31 M)
N/A
815.85 M
352.31 M
536.21 M
1.01 B
239.04 M
Operating Margin
-0.0315
0.0082
N/A
-0.29
N/A
0.0737
0.16
0.0732
0.11
-0.0127
Current Valuation
4.32 B
14.84 B
N/A
3.87 B
N/A
7.16 B
3.98 B
3.1 B
4.7 B
7.77 B
Price To Book
2.27
0.68
N/A
1.93
N/A
1.03
2.19
0.85
1.31
1.94
Retained Earnings
(16 M)
1.03 B
N/A
N/A
N/A
N/A
396 M
958 M
457 M
1000 M
Current Asset
1.46 B
8.73 B
N/A
N/A
N/A
N/A
1.24 B
1.65 B
4.17 B
2.68 B
Five Year Return
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.09
N/A
1.11
Beta
0.61
1.11
N/A
0.58
N/A
0.88
0.43
0.65
0.43
1.3
Number Of Employees
19
16
N/A
336
N/A
13
21
12
30
1.14 K
Shares Outstanding
263.78 M
118.46 M
N/A
89.6 M
N/A
182.79 M
41.97 M
74.12 M
279.35 M
98.55 M
Cash Flow From Operations
142.67 M
1.56 B
N/A
(258.2 M)
N/A
240.05 M
(22.35 M)
424.93 M
401.09 M
(243.94 M)
Annual Yield
N/A
0.0394
N/A
0.0184
N/A
0.053
0.0458
0.048
0.1
0.0061
Total Debt
478.72 M
3.52 B
N/A
736.14 M
N/A
1.45 B
53.33 M
540.19 M
1.55 B
1.31 B
Return On Equity
0.0882
0.0264
N/A
-0.12
N/A
0.0321
0.29
0.13
0.12
-0.0086
Z Score
6.0
1.2
N/A
1.8
N/A
1.8
46.2
3.0
1.2
1.8
Return On Asset
-0.0094
0.0034
N/A
-0.054
N/A
0.0122
0.11
0.017
0.047
-0.0035
Book Value Per Share
7.84
92.39
N/A
16.68
N/A
23.62
46.63
50.51
11.22
26.88
Current Liabilities
414 M
6.69 B
N/A
N/A
N/A
N/A
619 M
1.28 B
1.84 B
1.39 B
Total Asset
2.43 B
32.15 B
N/A
2.98 B
N/A
8.11 B
2.97 B
5.05 B
8.32 B
7.72 B
Debt To Equity
103.8
62.6
N/A
0.29
N/A
0.68
6.3
37.0
47.1
76.4
Target Price
N/A
139.4
N/A
N/A
N/A
N/A
80.0
N/A
N/A
N/A
Last Dividend Paid
N/A
2.5
N/A
N/A
N/A
1.3
4.5
2.0
1.0
0.3
Shares Owned By Institutions
N/A
2.02
N/A
18.99
N/A
4.22
0.21
0.29
1.0
1.54
Market Capitalization
4.93 B
7.43 B
N/A
2.88 B
N/A
4.38 B
4.14 B
3.11 B
4.11 B
4.87 B
Price To Earning
2.54
11.48
N/A
N/A
N/A
25.19
12.23
10.39
-555.26
17.25
Price To Sales
4.04
0.33
N/A
3.15
N/A
2.08
1.41
1.56
0.71
1.51
Net Income
42.88 M
665.27 M
N/A
(109.76 M)
N/A
319.81 M
207.53 M
135.75 M
362.01 M
86.63 M
Earnings Per Share
0.68
1.63
N/A
-1.73
N/A
0.77
12.33
6.47
1.33
0.75
Shares Owned By Insiders
55.2
68.21
N/A
28.29
N/A
29.43
40.34
66.27
32.1
41.66
Revenue
1.06 B
20.28 B
N/A
1.14 B
N/A
2.48 B
2 B
1.92 B
5.54 B
2.93 B
Working Capital
1.04 B
2.03 B
N/A
N/A
N/A
N/A
616 M
369 M
2.33 B
1.29 B
Cash And Equivalents
258.86 M
2.84 B
N/A
383.71 M
N/A
1.02 B
272.43 M
1.18 B
1.25 B
1.2 B
Cash Per Share
2.11
24.06
N/A
4.28
N/A
5.56
7.87
15.94
3.75
12.21
Gross Profit
154.03 M
3 B
N/A
146.39 M
N/A
647.15 M
525.01 M
445.58 M
1.25 B
877.19 M
Day Typical Price
12.37
28.48
59.47
32.02
69.0
16.37
69.23
42.93
14.9
31.27
Accumulation Distribution
0.0476
0.014
0.0017
0.0201
N/A
0.0388
0.0242
0.032
0.0067
0.0175
Market Facilitation Index
0.6
0.4
0.1
0.65
N/A
0.65
1.7
1.4
0.1
0.55
Daily Balance Of Power
(0.17)
(0.62)
1.0
(0.69)
9.2 T
(0.77)
(1.18)
(0.89)
(0.50)
(0.09)
Period Momentum Indicator
(0.10)
(0.25)
0.1
(0.45)
1.9
(0.50)
(2.00)
(1.25)
(0.05)
(0.05)
Rate Of Daily Change
0.99
0.99
1.0
0.99
1.03
0.97
0.97
0.97
1.0
1.0
Day Median Price
12.3
28.45
59.45
32.03
69.0
16.43
69.35
43.05
14.9
31.23
Price Action Indicator
0.15
(0.03)
0.1
(0.25)
0.95
(0.43)
(1.35)
(0.97)
(0.03)
0.1
Relative Strength Index
54.66
39.26
50.84
39.12
N/A
42.26
38.55
46.06
46.01
40.66
Coefficient Of Variation
3491.27
(3,040)
6641.05
(1,078)
664.57
(2,265)
31601.14
(3,093)
(2,528)
3412.17
Mean Deviation
1.08
1.92
0.4428
1.9
0.5757
1.45
1.11
1.16
0.437
1.78
Jensen Alpha
0.0351
(0.09)
3.0E-4
(0.23)
0.1608
(0.10)
(0.01)
(0.07)
(0.04)
0.0726
Total Risk Alpha
(0.05)
(0.21)
(0.03)
(0.35)
0.1031
(0.20)
(0.08)
(0.15)
(0.07)
(0.06)
Sortino Ratio
0.0061
N/A
(0.04)
N/A
N/A
N/A
(0.03)
N/A
N/A
0.0154
Downside Variance
2.03
N/A
0.8405
N/A
N/A
N/A
1.92
N/A
N/A
6.33
Standard Deviation
1.87
2.49
0.6449
2.44
1.11
2.0
1.53
1.78
0.7019
2.86
Kurtosis
11.54
(0)
1.73
1.07
6.64
3.01
2.15
4.95
8.48
4.57
Potential Upside
2.56
4.41
1.03
2.89
2.0
2.7
2.66
3.31
0.6689
6.31
Treynor Ratio
0.1797
(2.82)
0.0164
4.68
(1.30)
(1.00)
(0.03)
(0.34)
(0.23)
2.36
Maximum Drawdown
14.2
12.07
3.38
12.98
7.23
12.19
8.23
9.69
5.84
18.06
Variance
3.5
6.19
0.4159
5.97
1.23
4.01
2.34
3.15
0.4926
8.16
Market Risk Adjusted Performance
0.1897
(2.81)
0.0264
4.69
(1.29)
(0.99)
(0.02)
(0.33)
(0.22)
2.37
Risk Adjusted Performance
0.0268
(0.02)
0.0097
(0.06)
0.1123
(0.03)
0.0076
(0.02)
(0.03)
0.0287
Skewness
2.35
(0.03)
(0.46)
0.16
1.3
1.05
0.8489
1.36
(0.50)
0.914
Semi Deviation
1.14
N/A
0.6498
N/A
N/A
N/A
1.34
N/A
N/A
2.39
Information Ratio
0.0046
(0.05)
(0.05)
(0.11)
0.1099
(0.07)
(0.03)
(0.06)
(0.10)
0.0136
Value At Risk
(2.41)
(4.48)
(1.17)
(4.17)
(1.09)
(2.82)
(2.40)
(2.76)
(0.98)
(3.93)
Expected Short fall
(1.93)
N/A
(0.50)
N/A
N/A
N/A
(1.19)
N/A
N/A
(2.04)
Downside Deviation
1.42
N/A
0.9168
N/A
N/A
N/A
1.39
N/A
N/A
2.52
Semi Variance
1.31
N/A
0.4222
N/A
N/A
N/A
1.81
N/A
N/A
5.7

Right Way Competition Performance Charts

Five steps to successful analysis of Right Way Competition

Right Way'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 Right Way Industrial in relation to its competition. Right Way's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Right Way 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 Right Way's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Right Way Industrial, 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.

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Additional Tools for Right Stock Analysis

When running Right Way's price analysis, check to measure Right Way'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 Right Way is operating at the current time. Most of Right Way's value examination focuses on studying past and present price action to predict the probability of Right Way's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Right Way's price. Additionally, you may evaluate how the addition of Right Way to your portfolios can decrease your overall portfolio volatility.
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