RAC Competitors

Stocks . Taiwan . 
Stock . RAC Electric Vehicles
2237 Stock  TWD 30.95  0.25  0.81%   
RAC Electric Vehicles competes with Yusin Holding, Amulaire Thermal, Nien Hsing, Cayman Engley, and TST Group; as well as few others. The company operates under Consumer Cyclical sector and is part of Auto Manufacturers industry. Analyzing RAC Electric 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 RAC Electric to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out RAC Electric Correlation with its peers.

RAC Electric vs YCC Parts Correlation

Very good diversification

The correlation between RAC Electric Vehicles and 1339 is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RAC Electric Vehicles and 1339 in the same portfolio, assuming nothing else is changed.

Moving together with RAC Stock

  0.81599 Aeon MotorPairCorr

Moving against RAC Stock

  0.442204 China Motor CorpPairCorr
  0.384174 OBI Pharma SplitPairCorr
  0.372227 Yulon Nissan MotorPairCorr
  0.339902 Tidehold DevelopmentPairCorr
Hype
Prediction
LowEstimatedHigh
29.2630.9532.64
Details
Intrinsic
Valuation
LowRealHigh
27.3429.0334.05
Details
Naive
Forecast
LowNextHigh
29.6131.3133.00
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
30.6730.8631.05
Details

RAC Electric Competition Correlation Matrix

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

High positive correlations

2239
+ 0.79
4557
1460
+ 0.69
1451
1460
+ 0.68
4557
4439
+ 0.63
4557
9935
+ 0.61
4439
2916
+ 0.57
2239
  

High negative correlations

3557
- 0.73
4439
3557
- 0.57
9935
2916
- 0.5
1451
3557
- 0.5
1451
2916
- 0.47
1460
3557
- 0.34
1460

Risk-Adjusted Indicators

There is a big difference between RAC Stock performing well and RAC Electric 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 RAC Electric'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
4557  1.11 (0.01)(0.03)(0.03) 1.34 
(1.19)
 2.66 
(2.40)
 8.23 
2241  1.90 (0.23) 0.00  4.68  0.00 
 0.00 
 2.89 
(4.17)
 12.98 
1451  0.60  0.06  0.04  1.18  0.54 
(0.93)
 1.79 
(1.19)
 4.74 
2239  1.92 (0.09) 0.00 (2.82) 0.00 
 0.00 
 4.41 
(4.48)
 12.07 
4439  1.21  0.22  0.09 (0.20) 1.19 
(1.73)
 3.40 
(2.43)
 10.61 
1460  0.62  0.21  0.15  1.24  0.63 
(0.75)
 1.75 
(1.39)
 6.23 
9935  1.00  0.05  0.01 (0.41) 1.15 
(1.16)
 3.07 
(1.76)
 6.27 
3557  1.03 (0.21) 0.00  1.04  0.00 
 0.00 
 2.23 
(2.70)
 8.14 
2916  0.46 (0.05) 0.00 (5.23) 0.00 
 0.00 
 0.92 
(0.91)
 4.61 
1339  1.16 (0.07) 0.00 (0.34) 0.00 
 0.00 
 3.31 
(2.76)
 9.69 

RAC Electric Competitive Analysis

The better you understand RAC Electric competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, RAC Electric'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 RAC Electric'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
2237 4557 2241 1451 2239 4439 1460 9935 3557 2916
 0.81 
 30.95 
RAC
 2.82 
 69.00 
Yusin
 1.39 
 32.00 
Amulaire
 0.84 
 17.75 
Nien
 0.87 
 28.55 
Cayman
 2.43 
 100.50 
TST
 1.77 
 6.65 
Everest
 1.00 
 19.90 
Ching
 0.43 
 34.75 
Jia
 0.11 
 46.50 
Munsin
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Fair
Weak
Weakest
Fair
Weakest
Fair
Solid
Soft
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Moderate
Low
Low
Low
Low
Small
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over 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)
Sell
Sell
Strong Sell
Buy
Strong Sell
Strong Sell
Strong Buy
Strong Sell
Strong Sell
Cautious Hold
Current Ratio
3.16
2.31
4.4
3.64
1.17
1.69
1.01
1.38
9.58
N/A
Net Asset
N/A
2.97 B
2.98 B
9.05 B
32.15 B
4.86 B
14.61 B
6.13 B
5.07 B
1.3 B
Profit Margin
-45.11
0.17
-0.21
0.0607
0.0093
0.0515
-0.0272
0.0371
0.0988
0.12
EBITDA
(159.36 M)
352.31 M
(34.31 M)
547.94 M
2.98 B
549.85 M
1.13 B
376.88 M
769.17 M
199.16 M
Operating Margin
-48.86
0.16
-0.29
1.42
0.0082
0.0594
0.0188
0.0234
0.11
0.13
Current Valuation
2.99 B
3.98 B
3.87 B
3.58 B
14.84 B
3.62 B
10.92 B
6.87 B
4.81 B
1.27 B
Price To Book
6.35
2.19
1.93
0.59
0.68
1.25
0.73
1.31
1.54
1.35
Retained Earnings
N/A
396 M
N/A
5.3 B
1.03 B
N/A
422 M
(698 M)
(469 M)
N/A
Current Asset
N/A
1.24 B
N/A
7.83 B
8.73 B
N/A
5.92 B
1.49 B
556 M
N/A
Five Year Return
N/A
N/A
N/A
6.73
N/A
N/A
N/A
N/A
N/A
N/A
Beta
0.61
0.43
0.58
0.59
1.11
0.63
0.72
0.62
0.75
0.35
Number Of Employees
136
21
336
18
16
4
29
13
1.06 K
606
Shares Outstanding
84.92 M
41.97 M
89.6 M
206.69 M
118.46 M
37.62 M
674.47 M
168.62 M
80.3 M
54.63 M
Cash Flow From Operations
(127.18 M)
(22.35 M)
(258.2 M)
456.66 M
1.56 B
(281.48 M)
(522.96 M)
223.28 M
334.32 M
91.91 M
Annual Yield
N/A
0.0458
0.0184
0.0458
0.0394
0.0446
N/A
0.0289
0.11
0.0721
Total Debt
123.36 M
53.33 M
736.14 M
210 M
3.52 B
61 K
717.5 M
2.26 B
447 M
14.18 M
Return On Equity
-38.22
0.29
-0.12
0.0721
0.0264
0.15
-0.0437
0.0926
0.24
0.2
Z Score
14.4
46.2
1.8
13.2
1.2
N/A
3.6
0.6
6.4
71.8
Return On Asset
-14.81
0.11
-0.054
0.85
0.0034
0.0603
0.0086
0.012
0.0845
0.1
Book Value Per Share
5.62
46.63
16.68
36.92
92.39
80.76
9.8
13.55
31.38
17.58
Current Liabilities
N/A
619 M
N/A
2.43 B
6.69 B
N/A
3.58 B
2.16 B
233 M
N/A
Total Asset
N/A
2.97 B
2.98 B
9.05 B
32.15 B
4.86 B
14.61 B
6.13 B
5.07 B
1.3 B
Debt To Equity
0.26
6.3
0.29
1.8
62.6
0.097
128.2
106.2
1.6
N/A
Target Price
N/A
80.0
N/A
30.0
139.4
N/A
20.19
N/A
N/A
N/A
Last Dividend Paid
N/A
4.5
N/A
1.0
2.5
3.75
N/A
0.26
6.0
N/A
Shares Owned By Institutions
N/A
0.21
18.99
9.88
2.02
0.14
1.52
4.41
0.42
N/A
Market Capitalization
3.03 B
4.14 B
2.88 B
4.68 B
7.43 B
3.82 B
4.81 B
2.98 B
4.38 B
1.67 B
Price To Earning
N/A
12.23
N/A
17.05
11.48
7.56
42.1
18.09
394.87
N/A
Price To Sales
8.88
1.41
3.15
0.49
0.33
0.46
0.45
0.54
0.66
0.82
Net Income
(153.98 M)
207.53 M
(109.76 M)
242.69 M
665.27 M
336.13 M
181.87 M
77.93 M
582.58 M
137.64 M
Earnings Per Share
-2.03
12.33
-1.73
2.72
1.63
11.14
-0.39
1.19
7.24
3.41
Shares Owned By Insiders
N/A
40.34
28.29
48.86
68.21
69.0
40.12
31.49
52.03
55.56
Revenue
341.33 M
2 B
1.14 B
8.01 B
20.28 B
7.42 B
10.01 B
4.97 B
5.3 B
1.36 B
Working Capital
N/A
616 M
N/A
5.4 B
2.03 B
N/A
2.34 B
(665 M)
323 M
N/A
Cash And Equivalents
137.82 M
272.43 M
383.71 M
1.4 B
2.84 B
879.7 M
252.58 M
267.76 M
832.58 M
N/A
Cash Per Share
1.62
7.87
4.28
7.09
24.06
23.39
0.53
1.58
10.86
N/A
Gross Profit
(61.73 M)
525.01 M
146.39 M
13.01 B
3 B
1.08 B
1.92 B
778.69 M
1.87 B
675.33 M
Day Typical Price
30.88
69.23
32.02
17.77
28.48
101.33
6.69
19.93
34.63
46.5
Accumulation Distribution
0.0193
0.0242
0.0201
0.0084
0.014
0.0243
0.0221
0.0199
0.0158
0.0043
Market Facilitation Index
0.6
1.7
0.65
0.15
0.4
2.5
0.15
0.4
0.55
0.2
Daily Balance Of Power
0.4167
(1.18)
(0.69)
(1.00)
(0.62)
(1.00)
(0.80)
(0.50)
(0.27)
(0.25)
Period Momentum Indicator
0.25
(2.00)
(0.45)
(0.15)
(0.25)
(2.50)
(0.12)
(0.20)
(0.15)
(0.05)
Rate Of Daily Change
1.01
0.97
0.99
0.99
0.99
0.98
0.98
0.99
1.0
1.0
Day Median Price
30.85
69.35
32.03
17.77
28.45
101.75
6.72
19.95
34.58
46.5
Price Action Indicator
0.22
(1.35)
(0.25)
(0.10)
(0.03)
(2.50)
(0.12)
(0.15)
0.1
(0.03)
Relative Strength Index
N/A
38.55
39.12
55.89
39.26
50.61
71.72
47.85
37.67
35.15
Coefficient Of Variation
1089.35
31601.14
(1,078)
1185.17
(3,040)
962.6
413.23
2449.3
(724.66)
(1,538)
Mean Deviation
0.9813
1.11
1.9
0.5987
1.92
1.21
0.6185
0.9997
1.03
0.459
Jensen Alpha
0.1554
(0.01)
(0.23)
0.0617
(0.09)
0.2208
0.2141
0.0493
(0.21)
(0.05)
Total Risk Alpha
0.0645
(0.08)
(0.35)
0.0215
(0.21)
0.0962
0.1743
(0.02)
(0.29)
(0.08)
Sortino Ratio
0.0942
(0.03)
N/A
0.0359
N/A
0.0861
0.1499
0.0079
N/A
N/A
Downside Variance
1.43
1.92
N/A
0.6384
N/A
3.18
1.53
1.78
N/A
N/A
Standard Deviation
1.71
1.53
2.44
0.8725
2.49
1.91
0.9518
1.36
1.49
0.6584
Kurtosis
12.94
2.15
1.07
2.92
(0)
4.17
4.86
0.5359
3.84
4.48
Potential Upside
2.3
2.66
2.89
1.79
4.41
3.4
1.75
3.07
2.23
0.9212
Treynor Ratio
(0.64)
(0.03)
4.68
1.18
(2.82)
(0.20)
1.24
(0.41)
1.04
(5.23)
Maximum Drawdown
10.81
8.23
12.98
4.74
12.07
10.61
6.23
6.27
8.14
4.61
Variance
2.94
2.34
5.97
0.7613
6.19
3.65
0.906
1.84
2.23
0.4334
Market Risk Adjusted Performance
(0.63)
(0.02)
4.69
1.19
(2.81)
(0.19)
1.25
(0.40)
1.05
(5.22)
Risk Adjusted Performance
0.0722
0.0076
(0.06)
0.0627
(0.02)
0.0813
0.1774
0.0342
(0.09)
(0.05)
Skewness
2.88
0.8489
0.16
1.18
(0.03)
1.52
(0.81)
0.4551
1.03
(0.53)
Semi Deviation
0.8766
1.34
N/A
0.538
N/A
1.19
0.6323
1.15
N/A
N/A
Information Ratio
0.0656
(0.03)
(0.11)
0.0329
(0.05)
0.0804
0.1948
0.0077
(0.17)
(0.13)
Value At Risk
(1.77)
(2.40)
(4.17)
(1.19)
(4.48)
(2.43)
(1.39)
(1.76)
(2.70)
(0.91)
Expected Short fall
(1.48)
(1.19)
N/A
(0.93)
N/A
(1.73)
(0.75)
(1.16)
N/A
N/A
Downside Deviation
1.19
1.39
N/A
0.799
N/A
1.78
1.24
1.33
N/A
N/A
Semi Variance
0.7684
1.81
N/A
0.2894
N/A
1.43
0.3998
1.31
N/A
N/A

RAC Electric Competition Performance Charts

Five steps to successful analysis of RAC Electric Competition

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

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