TITAN Competitors
| 3TY Stock | EUR 14.70 0.30 2.08% |
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 TITAN MACHINERY competition on your existing holdings.
TITAN |
TITAN MACHINERY Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between TITAN MACHINERY 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 TITAN 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 TITAN MACHINERY does not affect the price movement of the other competitor.
| 0.0 | 0.74 | 0.14 | 0.64 | 0.3 | -0.57 | SBC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 9TH0 | ||
| 0.74 | 0.0 | 0.5 | 0.74 | 0.36 | -0.75 | RC2 | ||
| 0.14 | 0.0 | 0.5 | 0.3 | 0.37 | -0.58 | A2X | ||
| 0.64 | 0.0 | 0.74 | 0.3 | 0.0 | -0.62 | FT1 | ||
| 0.3 | 0.0 | 0.36 | 0.37 | 0.0 | -0.3 | UT8 | ||
| -0.57 | 0.0 | -0.75 | -0.58 | -0.62 | -0.3 | 1D8 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between TITAN Stock performing well and TITAN MACHINERY 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 TITAN MACHINERY'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBC | 1.33 | 0.34 | 0.10 | (1.49) | 1.58 | 3.45 | 8.26 | |||
| 9TH0 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RC2 | 1.92 | 0.17 | 0.07 | 0.26 | 2.23 | 4.81 | 15.24 | |||
| A2X | 2.55 | 0.13 | 0.04 | 0.26 | 2.74 | 6.25 | 19.84 | |||
| FT1 | 2.53 | 0.83 | 0.33 | 1.47 | 1.53 | 5.04 | 39.26 | |||
| UT8 | 1.64 | (0.01) | 0.00 | 0.11 | 2.74 | 3.20 | 20.49 | |||
| 1D8 | 1.77 | (0.15) | 0.00 | (4.42) | 0.00 | 3.70 | 11.02 |
TITAN MACHINERY Competitive Analysis
The better you understand TITAN MACHINERY competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, TITAN MACHINERY'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 TITAN MACHINERY'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 |
TITAN MACHINERY Competition Performance Charts
Five steps to successful analysis of TITAN MACHINERY Competition
TITAN MACHINERY'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 TITAN MACHINERY in relation to its competition. TITAN MACHINERY's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of TITAN MACHINERY 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 TITAN MACHINERY's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to TITAN MACHINERY, 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 TITAN MACHINERY position
In addition to having TITAN MACHINERY in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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IT
Information Technology (IT) companies and IT service providers across different domains. The IT theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize IT Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in TITAN Stock
When determining whether TITAN MACHINERY offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TITAN MACHINERY's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Titan Machinery Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Titan Machinery Stock:Check out TITAN MACHINERY Correlation with its peers. For information on how to trade TITAN Stock refer to our How to Trade TITAN Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.