Zhongce Competitors

Stocks . China . 
Stock . Zhongce Rubber Group
603049 Stock   57.01  0.02  0.04%   
Zhongce Rubber Group competes with Ningbo Tip, Ningbo Kbe, Shanghai Yanpu, Shenzhen MTC, and Ming Yang; as well as few others. The company operates under Consumer Cyclical sector and is part of Auto Parts industry. Analyzing Zhongce Rubber 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 Zhongce Rubber to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Zhongce Rubber Correlation with its peers.

Zhongce Rubber vs 516220 Correlation

Average diversification

The correlation between Zhongce Rubber Group and 516220 is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhongce Rubber Group and 516220 in the same portfolio, assuming nothing else is changed.

Moving against Zhongce Stock

  0.53603950 Xiangyang ChangyuanPairCorr
  0.35605128 Shanghai Yanpu MetalPairCorr
Hype
Prediction
LowEstimatedHigh
55.4057.0958.78
Details
Intrinsic
Valuation
LowRealHigh
55.4057.0958.78
Details
Naive
Forecast
LowNextHigh
58.4660.1561.84
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54.0456.3058.56
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhongce Rubber. Your research has to be compared to or analyzed against Zhongce Rubber's peers to derive any actionable benefits. When done correctly, Zhongce Rubber's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhongce Rubber Group.

Zhongce Rubber Competition Correlation Matrix

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

High positive correlations

516220
+ 0.88
002429
603199
+ 0.84
002429
516220
+ 0.84
603199
301028
+ 0.83
002429
603199
+ 0.83
601615
601615
+ 0.79
002429
  

High negative correlations

002623
- 0.73
605255
301028
- 0.48
002623
002623
- 0.43
002429
516220
- 0.33
002623
603199
- 0.24
002623
002952
- 0.24
002623

Risk-Adjusted Indicators

There is a big difference between Zhongce Stock performing well and Zhongce Rubber 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 Zhongce Rubber'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
605255  4.55  1.34  0.18 (1.61) 4.75 
(5.54)
 10.00 
(8.44)
 20.00 
300863  2.07  0.33  0.08 (13.12) 2.71 
(2.12)
 4.62 
(3.61)
 15.54 
605128  1.56 (0.02)(0.05)(0.01) 1.81 
(1.84)
 3.36 
(3.17)
 6.82 
002429  2.32  0.71  0.22  2.44  2.31 
(2.70)
 5.63 
(3.64)
 19.83 
601615  1.65  0.36  0.16  0.52  1.48 
(1.95)
 3.87 
(3.09)
 10.01 
002623  1.15 (0.12) 0.00 (0.20) 0.00 
 0.00 
 2.02 
(2.43)
 8.55 
301028  1.97  0.32  0.12  0.63  2.13 
(2.14)
 5.17 
(3.27)
 12.10 
002952  1.59  0.07 (0.02)(4.59) 1.70 
(1.95)
 3.87 
(3.27)
 13.95 
603199  1.14  0.35  0.14 (0.49) 0.99 
(1.39)
 2.96 
(1.87)
 13.90 
516220  1.28  0.43  0.18  1.95  1.04 
(1.86)
 2.56 
(2.38)
 7.10 

Zhongce Rubber Competitive Analysis

The better you understand Zhongce Rubber competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Zhongce Rubber'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 Zhongce Rubber'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
603049 605255 300863 605128 002429 601615 002623 301028 002952 603199
 0.04 
 57.01 
Zhongce
 1.61 
 174.22 
Ningbo
 0.93 
 58.63 
Ningbo
 1.34 
 41.55 
Shanghai
 4.77 
 9.67 
Shenzhen
 0.00 
 19.68 
Ming
 2.28 
 18.83 
Changzhou
 0.30 
 16.47 
Xiamen
 1.13 
 21.57 
Yes
 3.91 
 42.79 
Anhui
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Somewhat reliable
Not too volatile
Very steady
Not too volatile
Not too volatile
Very steady
Market Performance
(90 Days Performance)
Soft
Solid
Fair
Weak
Solid
Good
Weakest
Good
Soft
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Small
Low
Low
Low
Low
Small
Small
Low
High
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Over Valued
Over Valued
Under Valued
Under Valued
Fairly Valued
Over Valued
Over Valued
Over 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)
Hold
Strong Sell
Strong Sell
Strong Sell
Buy
Strong Buy
Hold
Strong Hold
Strong Sell
Strong Sell
Net Asset
44.82 B
873.39 M
3.75 B
3.02 B
29 B
86.79 B
5.4 B
2.45 B
1.16 B
1.86 B
Profit Margin
N/A
0.0985
0.0428
0.065
0.0681
0.0091
-0.0788
0.19
0.0142
0.25
EBITDA
N/A
88.94 M
324.74 M
281.12 M
2.86 B
851.11 M
116.76 M
271.81 M
39.21 M
328.79 M
Operating Margin
N/A
0.12
0.0705
0.0942
0.11
0.0376
-0.0418
0.24
0.0494
0.25
Current Valuation
N/A
23.55 B
13.13 B
8.27 B
44.67 B
51.67 B
3.39 B
6.34 B
3.45 B
4.56 B
Price To Book
N/A
29.42
7.8
4.16
2.67
1.69
1.32
3.83
4.08
2.92
Retained Earnings
10.13 B
75.2 M
654.83 M
571.15 M
9.8 B
7.48 B
454.58 M
571.57 M
290.06 M
975.86 M
Beta
N/A
0.85
0.8
0.78
0.65
0.41
0.079
0.49
0.62
0.23
Number Of Employees
18.04 K
698
1.16 K
1.24 K
15.07 K
13.95 K
971
897
2.31 K
1.6 K
Shares Outstanding
N/A
134.08 M
188.18 M
211.14 M
4.53 B
2.26 B
199.06 M
384.05 M
164.34 M
110.68 M
Cash Flow From Operations
3.04 B
83.66 M
(85.32 M)
253.17 M
750.89 M
(2.4 B)
339.59 M
229.09 M
107.13 M
262.37 M
Annual Yield
N/A
0.0025
0.0036
0.0064
0.0111
0.0155
0.0241
0.0121
0.0023
0.0159
Total Debt
6.53 B
3.75 M
1.72 B
476.79 M
4.37 B
15.7 B
1.28 B
969.16 M
3.95 M
15.23 M
Return On Equity
N/A
0.0397
0.13
0.0894
0.0833
0.0107
-0.0542
0.15
0.0091
0.14
Return On Asset
N/A
0.0291
0.0412
0.0496
0.0335
-3.0E-4
-0.0144
0.0574
-0.0013
0.0883
Book Value Per Share
N/A
6.02
7.8
9.92
3.62
11.79
14.67
4.3
5.36
14.63
Total Asset
44.82 B
873.39 M
3.75 B
3.02 B
29 B
86.79 B
5.4 B
2.45 B
1.16 B
1.86 B
Last Dividend Paid
N/A
0.23
0.21
0.26
0.11
0.3
0.5
0.2
0.05
0.68
Target Price
N/A
N/A
52.75
33.56
6.75
12.69
26.59
N/A
N/A
46.75
Shares Owned By Institutions
N/A
0.08
0.02
8.51
1.87
9.49
10.9
0.31
0.23
10.29
Market Capitalization
N/A
23.6 B
11.03 B
8.81 B
46.4 B
48.96 B
4.14 B
6.24 B
3.55 B
4.82 B
Price To Sales
N/A
71.46
2.8
3.69
2.57
1.47
1.93
5.25
4.09
5.58
Net Income
3.79 B
33.07 M
161.65 M
136.08 M
1.73 B
371.87 M
(122.94 M)
217.23 M
13.45 M
186.01 M
Earnings Per Share
N/A
0.25
1.05
0.47
0.27
0.13
-0.8
0.59
0.07
1.93
Shares Owned By Insiders
N/A
76.78
62.74
48.0
61.16
25.18
45.08
73.67
68.08
50.97
Revenue
39.25 B
342.3 M
3.65 B
2.28 B
20.33 B
27.16 B
2.89 B
1.14 B
723.98 M
764.44 M
Working Capital
(823.65 M)
258.99 M
717.91 M
983.88 M
10.07 B
10.99 B
1.52 B
154.29 M
620.99 M
165.07 M
Gross Profit
N/A
119.98 M
456 M
401.99 M
2.83 B
2.88 B
102.14 M
349 M
87.94 M
431.57 M
Day Typical Price
57.01
176.56
58.94
41.53
9.57
19.68
18.65
16.5
21.58
42.37
Accumulation Distribution
21939.54
128425.0
151072.0
114256.0
13.2 M
N/A
115432.0
241468.0
83575.06
270419.0
Daily Balance Of Power
0.037
(0.29)
(0.30)
0.4911
0.6027
0.0
0.7
(0.09)
0.4528
(0.94)
Period Momentum Indicator
0.02
(2.85)
(0.55)
0.55
0.44
N/A
0.42
(0.05)
0.24
(1.74)
Rate Of Daily Change
1.0
0.98
0.99
1.01
1.05
1.0
1.02
1.0
1.01
0.96
Day Median Price
57.01
177.74
59.1
41.52
9.52
19.68
18.56
16.52
21.59
42.16
Price Action Indicator
0.01
(4.94)
(0.74)
0.3
0.37
N/A
0.48
(0.07)
0.11
(0.24)
Relative Strength Index
52.97
54.55
63.0
58.19
67.6
78.91
52.18
60.33
55.41
67.93
Coefficient Of Variation
975.57
444.02
929.96
29216.86
431.59
564.42
(2,093)
643.4
2994.6
610.29
Mean Deviation
1.28
4.55
2.07
1.56
2.32
1.65
1.15
1.97
1.59
1.14
Jensen Alpha
0.1514
1.34
0.325
(0.02)
0.7104
0.3604
(0.12)
0.3207
0.0665
0.3461
Total Risk Alpha
(0.05)
0.5434
(0.07)
(0.25)
0.3273
0.1167
(0.27)
0.06
(0.22)
0.0571
Sortino Ratio
0.0478
0.1844
0.0769
(0.05)
0.2198
0.1617
N/A
0.1212
(0.02)
0.1423
Downside Variance
2.08
40.19
8.85
3.36
8.61
4.59
N/A
5.46
3.04
1.91
Standard Deviation
1.69
5.65
3.09
1.95
3.23
2.54
1.49
2.49
2.25
1.84
Kurtosis
1.01
(0.64)
6.63
(0.24)
2.13
5.09
0.5369
(0.02)
5.11
11.37
Potential Upside
3.33
10.0
4.62
3.36
5.63
3.87
2.02
5.17
3.87
2.96
Treynor Ratio
1.31
(1.61)
(13.12)
(0.01)
2.44
0.5178
(0.20)
0.6285
(4.59)
(0.49)
Maximum Drawdown
7.4
20.0
15.54
6.82
19.83
10.01
8.55
12.1
13.95
13.9
Variance
2.85
31.96
9.57
3.78
10.45
6.46
2.22
6.2
5.07
3.37
Market Risk Adjusted Performance
1.32
(1.60)
(13.11)
(0)
2.45
0.5278
(0.19)
0.6385
(4.58)
(0.48)
Risk Adjusted Performance
0.0813
0.175
0.087
0.0087
0.1788
0.1379
(0.03)
0.1218
0.0314
0.127
Skewness
0.6315
(0.18)
0.913
(0.01)
0.3083
1.59
(0.14)
0.2082
1.45
2.31
Semi Deviation
1.22
4.75
2.71
1.81
2.31
1.48
N/A
2.13
1.7
0.9942
Information Ratio
0.0409
0.2068
0.0739
(0.05)
0.1995
0.1362
(0.12)
0.1137
(0.01)
0.1072
Value At Risk
(2.38)
(8.44)
(3.61)
(3.17)
(3.64)
(3.09)
(2.43)
(3.27)
(3.27)
(1.87)
Expected Short fall
(1.48)
(5.54)
(2.12)
(1.84)
(2.70)
(1.95)
N/A
(2.14)
(1.95)
(1.39)
Downside Deviation
1.44
6.34
2.97
1.83
2.93
2.14
N/A
2.34
1.74
1.38
Semi Variance
1.48
22.59
7.33
3.26
5.34
2.2
N/A
4.52
2.88
0.9884

Zhongce Rubber Competition Performance Charts

Five steps to successful analysis of Zhongce Rubber Competition

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

Complement your Zhongce Rubber position

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Office Supplies
Office Supplies Theme
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 25 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 Office Supplies Theme or any other thematic opportunities.
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Other Information on Investing in Zhongce Stock

Zhongce Rubber financial ratios help investors to determine whether Zhongce 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 Zhongce with respect to the benefits of owning Zhongce Rubber security.
Balance Sheet
Statement
Details
Profit & Loss
Statement
Details
Cash Flow
Statement
Details
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