Merck Competitors
| 6MK Stock | EUR 103.20 0.20 0.19% |
Merck vs FREEPORT MCMORAN Correlation
Poor diversification
The correlation between Merck Co and FPMB is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merck Co and FPMB in the same portfolio, assuming nothing else is changed.
Moving together with Merck Stock
Moving against Merck Stock
Merck Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Merck 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 Merck 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 Merck does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Merck Stock performing well and Merck 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 Merck'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 1.05 | (0.18) | 0.00 | 2.10 | 0.00 | 1.91 | 14.56 | |||
| AMD | 2.98 | (0.33) | 0.00 | (0.43) | 0.00 | 6.33 | 24.55 | |||
| 4I1 | 1.13 | 0.32 | 0.16 | 2.43 | 1.16 | 2.89 | 7.67 | |||
| AMG | 1.55 | 0.35 | 0.16 | 1.54 | 1.41 | 4.09 | 12.15 | |||
| HK2C | 0.58 | (0.12) | 0.00 | (0.38) | 0.00 | 1.49 | 5.73 | |||
| DP4B | 0.84 | 0.13 | 0.03 | 26.31 | 1.08 | 2.57 | 7.59 | |||
| FPMB | 1.25 | 0.31 | 0.10 | 2.27 | 1.44 | 3.93 | 9.65 |
Merck Competitive Analysis
The better you understand Merck competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Merck'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 Merck'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 |
Merck Competition Performance Charts
Five steps to successful analysis of Merck Competition
Merck'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 Merck in relation to its competition. Merck's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Merck 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 Merck's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Merck, 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 Merck position
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Books
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 45 constituents at this time.
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Other Information on Investing in Merck Stock
Merck financial ratios help investors to determine whether Merck 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 Merck with respect to the benefits of owning Merck security.