Major Competitors

Stocks . Germany . 
Stock . Major Drilling Group
3MJ Stock  EUR 5.65  0.15  2.59%   
Major Drilling Group competes with BHP Group, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS; as well as few others. The company classifies itself under Basic Materials sector and is part of Industrial Metals & Minerals industry. Analyzing Major Drilling 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 Major Drilling to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Major Drilling Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Major Drilling competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
2.705.658.60
Details
Intrinsic
Valuation
LowRealHigh
1.714.667.61
Details
Naive
Forecast
LowNextHigh
2.595.548.49
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.245.565.88
Details

Major Drilling Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Major Drilling 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 Major 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 Major Drilling Group does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
IUI1
+ 0.82
INVN
6HW
+ 0.8
2DG
39O1
+ 0.71
BHP1
2DG
+ 0.69
8SP
6NM
+ 0.6
8SP
6HW
+ 0.56
8SP
  
High negative correlations   
IUI1
- 0.84
2DG
IUI1
- 0.84
8SP
INVN
- 0.75
2DG
INVN
- 0.72
8SP
6HW
- 0.69
INVN
6HW
- 0.62
IUI1

Risk-Adjusted Indicators

There is a big difference between Major Stock performing well and Major Drilling 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 Major Drilling'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
BHP1  1.38  0.08 (0.01)(2.07) 1.69 
(1.46)
 3.49 
(2.48)
 9.32 
8SP  2.15 (0.05) 0.00  0.17  0.00 
 0.00 
 3.43 
(4.74)
 21.59 
6NM  1.20  0.08 (0.02)(0.14) 1.75 
(1.29)
 2.79 
(2.69)
 9.64 
39O1  3.91  0.32  0.07  0.61  3.52 
(5.55)
 9.64 
(5.38)
 34.42 
2DG  3.88 (1.67) 0.00 (16.40) 0.00 
 0.00 
 6.06 
(8.57)
 52.42 
TLX  0.97  0.04 (0.06)(0.87) 1.14 
(1.11)
 2.67 
(1.64)
 7.58 
TM9  2.80 (0.01)(0.02) 0.08  4.32 
(3.01)
 5.56 
(6.43)
 36.50 
INVN  2.17  0.17  0.02 (0.67) 2.57 
(2.55)
 5.61 
(4.98)
 14.01 
IUI1  1.20  0.21  0.11  0.95  1.08 
(1.37)
 2.87 
(1.96)
 10.01 
6HW  0.42 (0.10) 0.00  0.87  0.00 
 0.00 
 1.21 
(1.80)
 5.39 
All Fundamental Data

Major Drilling Competitive Analysis

The better you understand Major Drilling competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Major Drilling'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 Major Drilling'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
3MJ BHP1 8SP 6NM 39O1 2DG TLX TM9 INVN IUI1
 2.59 
 5.65 
Major
 0.78 
 24.69 
BHP
 5.53 
 4.20 
Superior
 1.12 
 35.40 
NMI
 1.75 
 2.32 
Origin
 12.50 
 0.14 
SIVERS
 1.08 
 78.00 
Talanx
 0.32 
 3.09 
NorAm
 3.89 
 3.46 
Identiv
 4.16 
 533.80 
INTUITIVE
Market Volatility
(90 Days Market Risk)
Slightly risky
Very steady
Relatively risky
Very steady
Very risky
Out of control
Very steady
Very risky
Unstable
Very steady
Market Performance
(90 Days Performance)
Very Weak
Weak
Very Weak
Very Weak
Very Weak
Very Weak
Weak
Very Weak
Modest
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Quite High
Low
Low
Quite High
Low
Low
Below Average
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Under 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)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Buy
Current Ratio
3.28
2.55
1.33
0.77
N/A
3.67
1.31
3.69
1.31
N/A
Net Asset
557.08 M
95.17 B
4.48 B
2.52 B
135.96 M
N/A
197.52 B
N/A
96.66 M
12.97 B
Profit Margin
0.1
0.46
-0.0333
0.56
N/A
-0.89
0.0222
19.03
-0.0236
N/A
EBITDA
114.09 M
39.87 B
202.9 M
420.22 M
N/A
N/A
3.09 B
609.06 M
4.1 M
1.94 B
Operating Margin
0.14
0.46
0.0049
0.78
N/A
N/A
0.0571
19.53
-0.0216
N/A
Current Valuation
530.18 M
211.69 B
2.78 B
1.85 B
78.28 M
N/A
14 B
5.37 B
149.13 M
86.49 B
Price To Book
1.87
3.44
1.76
1.09
4.72
N/A
1.35
0.99
2.37
8.3
Five Year Return
N/A
5.73
5.75
N/A
N/A
N/A
4.28
N/A
N/A
N/A
Beta
1.48
0.81
0.86
1.28
N/A
0.86
0.94
-0.26
1.55
N/A
Number Of Employees
7
45.3 K
28
242
11
130
24.06 K
5.8 K
329
N/A
Shares Outstanding
82.87 M
5.06 B
200.7 M
83.66 M
N/A
210.89 M
253.35 M
88.28 M
22.51 M
N/A
Cash Flow From Operations
94.87 M
32.17 B
248.7 M
313.39 M
N/A
N/A
10.05 B
469.32 M
1.23 M
1.49 B
Annual Yield
N/A
0.0881
0.0662
N/A
N/A
N/A
0.0447
N/A
N/A
N/A
Total Debt
50 M
13.81 B
1.91 B
396.05 M
N/A
N/A
7.19 B
3.1 B
17.93 M
N/A
Return On Equity
0.21
0.39
-0.0634
0.18
N/A
-0.18
0.11
11.03
-0.0353
N/A
Z Score
8.8
9.0
N/A
2.4
N/A
N/A
0.6
0.6
5.8
N/A
Return On Asset
0.11
0.18
0.0026
0.1
N/A
-0.11
0.0085
3.0
-0.0151
N/A
Book Value Per Share
5.06
8.41
5.52
19.32
N/A
0.24
32.56
41.02
3.29
N/A
Total Asset
557.08 M
95.17 B
4.48 B
2.52 B
135.96 M
N/A
197.52 B
N/A
96.66 M
12.97 B
Debt To Equity
4.7
48.3
163.2
19.0
N/A
0.088
31.9
85.3
51.4
N/A
Last Dividend Paid
N/A
2.65
0.72
N/A
N/A
N/A
N/A
0.89
N/A
N/A
Target Price
N/A
N/A
N/A
31.4
N/A
N/A
36.12
N/A
21.25
N/A
Shares Owned By Institutions
79.76
34.29
36.16
99.61
N/A
25.26
7.71
99.66
67.68
N/A
Market Capitalization
653.67 M
216.88 B
1.54 B
1.88 B
42.71 M
146.56 M
11.5 B
3.58 B
145.66 M
109.12 B
Price To Earning
N/A
24.58
30.24
11.65
N/A
N/A
12.92
9.37
N/A
N/A
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3.27
Price To Sales
0.86
3.24
0.46
3.05
5.11
N/A
0.23
1.77
1.36
16.13
Net Income
53.46 M
30.9 B
(112.5 M)
292.9 M
N/A
N/A
1.01 B
384.46 M
1.62 M
1.32 B
Earnings Per Share
0.62
3.39
-0.4
3.27
N/A
-0.082
4.24
4.34
-0.17
N/A
Shares Owned By Insiders
0.78
0.23
0.35
1.28
N/A
31.21
78.82
0.34
4.27
N/A
Revenue
650.41 M
65.1 B
3.38 B
524.46 M
N/A
N/A
43.38 B
2.02 B
103.77 M
6.22 B
Cash And Equivalents
24.78 M
15.59 B
33.45 M
86.67 M
N/A
N/A
3.85 B
1.29 B
8.93 M
N/A
Cash Per Share
0.31
2.94
0.19
1.28
N/A
N/A
15.22
14.66
0.54
N/A
Gross Profit
139.77 M
56.07 B
1.15 B
411.45 M
N/A
116.46 M
5.11 B
1.15 B
37.07 M
N/A
Day Typical Price
5.65
24.78
4.2
35.4
2.32
0.14
78.18
3.09
3.46
530.4
Accumulation Distribution
N/A
0.0136
N/A
N/A
N/A
N/A
0.0121
0.0065
N/A
0.15
Market Facilitation Index
N/A
0.34
N/A
N/A
N/A
N/A
0.95
0.02
N/A
1.27
Daily Balance Of Power
(9,223,372,036,855)
0.5588
9.2 T
(9,223,372,036,855)
9.2 T
(9,223,372,036,855)
(0.89)
0.5
(9,223,372,036,855)
2.088235
Period Momentum Indicator
(0.15)
0.19
0.22
(0.40)
0.04
(0.02)
(0.85)
0.01
(0.14)
21.3
Rate Of Daily Change
0.97
1.01
1.06
0.99
1.02
0.88
0.99
1.0
0.96
1.04
Day Median Price
5.65
24.82
4.2
35.4
2.32
0.14
78.28
3.09
3.46
528.7
Price Action Indicator
(0.07)
(0.04)
0.11
(0.20)
0.02
(0.01)
(0.70)
0.005
(0.07)
15.75
Relative Strength Index
30.04
40.85
21.34
37.02
43.13
28.31
9.04
44.61
75.77
59.94
Coefficient Of Variation
(2,937)
2193.25
(3,112)
2933.23
1412.23
(411.09)
2922.87
14472.27
1889.28
690.1
Mean Deviation
1.92
1.38
2.15
1.2
3.91
3.88
0.9682
2.8
2.17
1.2
Jensen Alpha
(0.10)
0.0772
(0.05)
0.0822
0.316
(1.67)
0.0388
(0.01)
0.1683
0.2105
Total Risk Alpha
(0.49)
(0.17)
(0.57)
(0.17)
(0.34)
(2.55)
(0.14)
(0.63)
(0.24)
0.0145
Sortino Ratio
N/A
(0.01)
N/A
(0.02)
0.0728
N/A
(0.06)
(0.02)
0.0164
0.1068
Downside Variance
N/A
3.36
N/A
4.88
14.59
N/A
1.38
21.97
8.2
1.61
Standard Deviation
2.9
1.84
3.44
1.69
5.47
6.8
1.31
5.03
2.96
1.69
Kurtosis
6.24
0.7165
9.6
2.08
5.29
21.52
1.32
7.76
0.2668
7.15
Potential Upside
3.77
3.49
3.43
2.79
9.64
6.06
2.67
5.56
5.61
2.87
Treynor Ratio
1.87
(2.07)
0.1663
(0.14)
0.6096
(16.40)
(0.87)
0.0826
(0.67)
0.9502
Maximum Drawdown
14.44
9.32
21.59
9.64
34.42
52.42
7.58
36.5
14.01
10.01
Variance
8.39
3.37
11.86
2.85
29.97
46.24
1.71
25.26
8.74
2.86
Market Risk Adjusted Performance
1.88
(2.06)
0.1763
(0.13)
0.6196
(16.39)
(0.86)
0.0926
(0.66)
0.9602
Risk Adjusted Performance
(0.02)
0.0406
(0.02)
0.0315
0.0626
(0.18)
0.0303
0.0138
0.0478
0.116
Skewness
(0.67)
0.2111
(0.60)
(0.67)
1.7
(3.44)
0.288
1.3
0.2685
1.8
Semi Deviation
N/A
1.69
N/A
1.75
3.52
N/A
1.14
4.32
2.57
1.08
Information Ratio
(0.07)
(0.01)
(0.06)
(0.03)
0.0508
(0.26)
(0.05)
(0.01)
0.0159
0.0802
Value At Risk
(3.54)
(2.48)
(4.74)
(2.69)
(5.38)
(8.57)
(1.64)
(6.43)
(4.98)
(1.96)
Expected Short fall
N/A
(1.46)
N/A
(1.29)
(5.55)
N/A
(1.11)
(3.01)
(2.55)
(1.37)
Downside Deviation
N/A
1.83
N/A
2.21
3.82
N/A
1.17
4.69
2.86
1.27
Semi Variance
N/A
2.86
N/A
3.05
12.37
N/A
1.29
18.7
6.63
1.17

Major Drilling Competition Performance Charts

Five steps to successful analysis of Major Drilling Competition

Major Drilling'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 Major Drilling Group in relation to its competition. Major Drilling's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Major Drilling 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 Major Drilling's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Major Drilling Group, 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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Other Information on Investing in Major Stock

Major Drilling financial ratios help investors to determine whether Major Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Major with respect to the benefits of owning Major Drilling security.
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