Absa Competitors

Pink Sheets . USA . 
Stock . Absa Group Ltd
AGRPY Stock  USD 31.83  0.43  1.37%   
Absa Group competes with Bangkok Bank, Bank Negara, Alpha Bank, Piraeus Bank, and BAWAG Group; as well as few others. The company classifies itself under Banks sector and is part of Financials industry. Analyzing Absa Group 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 Absa Group to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Absa Group Correlation with its peers.

Absa Group vs Piraeus Financial Correlation

Very weak diversification

The correlation between Absa Group Ltd and BPIRF is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absa Group Ltd and BPIRF in the same portfolio, assuming nothing else is changed.

Moving against Absa Pink Sheet

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Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
29.2431.8334.42
Details
Intrinsic
Valuation
LowRealHigh
28.6536.6039.19
Details
Naive
Forecast
LowNextHigh
30.5333.1235.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.5529.7631.97
Details

Absa Group Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Absa Group and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Absa 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 Absa Group does not affect the price movement of the other competitor.

High positive correlations

BWAGF
+ 0.79
BKKLY
BPIRF
+ 0.72
ALBKY
BPIRY
+ 0.65
BKKLY
BWAGF
+ 0.64
BPIRY
BPIRF
+ 0.61
BWAGF
BMDPF
+ 0.6
BWAGF
  

High negative correlations

BMDPF
- 0.08
PTBRY
PTBRY
- 0.08
BKKLY
BPIRF
- 0.0
KPCPF
BMDPF
- 0.0
KPCPF
BWAGF
- 0.0
KPCPF
KPCPF
- 0.0
BPIRY

Risk-Adjusted Indicators

There is a big difference between Absa Pink Sheet performing well and Absa Group 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 Absa Group'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
BKKLY  1.23  0.03  0.00  0.16  1.64 
(1.30)
 2.61 
(3.46)
 8.91 
BPHLF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
PTBRY  2.50  0.12  0.01 (0.60) 3.31 
(4.24)
 6.83 
(7.61)
 22.02 
BKKPF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
ALBKY  2.82  0.45  0.11  0.66  3.39 
(3.19)
 5.49 
(4.35)
 20.08 
BPIRY  2.58  0.16  0.02 (0.26) 4.15 
(2.41)
 7.91 
(6.88)
 22.26 
KPCPF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BWAGF  1.10  0.52  0.00 (1.29) 0.00 
 0.00 
 3.99 
 0.00 
 14.57 
BMDPF  1.67  0.38  0.05 (0.80) 2.13 
(6.03)
 5.24 
(3.77)
 27.55 
BPIRF  0.85  0.23  0.00  11.06  0.00 
 0.00 
 3.79 
(0.84)
 11.44 

Absa Group Competitive Analysis

The better you understand Absa Group competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Absa Group'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 Absa Group'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
AGRPY BKKLY BPHLF PTBRY BKKPF ALBKY BPIRY KPCPF BWAGF BMDPF
 1.37 
 31.83 
Absa
 3.46 
 25.93 
Bangkok
 0.00 
 1.85 
Bank
 5.61 
 14.14 
Bank
 0.00 
 4.80 
Bangkok
 10.38 
 1.17 
Alpha
 1.23 
 8.00 
Piraeus
 0.00 
 4.60 
Kasikornbank
 0.85 
 166.00 
BAWAG
 0.19 
 10.51 
Banca
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Somewhat reliable
Very steady
Dangerous
Slightly risky
Very steady
Very steady
Somewhat reliable
Market Performance
(90 Days Performance)
Solid
Weak
Weakest
Mild
Weakest
Fair
Weak
Weakest
Solid
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Small
Fair
Hazard
Small
Hazard
Small
Small
Hazard
Low
Small
Current Valuation
(Equity Enterprise Value)
Under Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over 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)
Buy
Strong Sell
Not Rated
Strong Sell
Not Rated
Strong Hold
Strong Sell
Not Rated
Hold
Strong Sell
Net Asset
1.64 T
4.33 T
2.42 T
1029.84 T
4.33 T
73.36 B
79.79 B
4.1 T
56.33 B
137.87 B
Profit Margin
0.24
0.27
0.36
0.4
0.27
-0.0836
0.15
0.29
0.42
-0.0774
EBITDA
67.78 B
N/A
N/A
N/A
N/A
(2.19 B)
N/A
N/A
N/A
N/A
Operating Margin
0.37
0.34
0.48
N/A
0.34
-0.0285
0.85
0.38
0.43
0.11
Current Valuation
(43.43 B)
115.01 B
55.66 B
162.46 B
84.81 B
(5.94 B)
4.29 B
(198.76 B)
11.81 B
32.65 B
Price To Book
1.19
0.55
1.19
1.25
0.51
0.36
0.26
0.66
0.93
0.39
Retained Earnings
78.84 B
239.71 B
100.17 B
47.12 T
239.71 B
(2.52 B)
(7.75 B)
N/A
N/A
(112 M)
Current Asset
172.49 B
112.75 B
300.95 B
99.7 T
112.75 B
4.62 B
6.15 B
N/A
N/A
30.38 B
Five Year Return
7.45
3.68
N/A
N/A
3.53
N/A
N/A
N/A
N/A
N/A
Beta
0.96
0.49
0.63
0.99
0.49
1.9
1.75
0.63
1.12
1.17
Number Of Employees
35.27 K
153
18.62 K
26.48 K
153
8.94 K
9.06 K
69
3.21 K
17.02 K
Shares Outstanding
415.28 M
381.77 M
4.51 B
744.96 M
N/A
9.39 B
1.25 B
N/A
82.5 M
1.26 B
Cash Flow From Operations
6.47 B
(345.54 B)
(32.5 B)
19.95 T
(345.54 B)
3.69 B
(1.74 B)
(9.43 B)
312 M
(551.54 M)
Annual Yield
0.0625
0.0228
0.0192
0.0163
0.0243
0.003
0.0043
0.0234
0.0637
N/A
Total Debt
207.19 B
424.17 B
89.7 B
3.63 B
424.17 B
4.96 B
17.97 B
217.08 B
9.55 B
41.24 B
Return On Equity
0.15
0.057
0.12
0.14
0.057
-0.0093
0.13
0.0688
0.0847
-0.0293
Z Score
N/A
N/A
N/A
1.8
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
0.0132
0.0065
0.0155
0.0185
0.0065
-8.0E-4
0.0102
0.0091
0.0064
-0.0016
Book Value Per Share
313.36
267.21
69.44
0.38
267.21
0.66
5.06
212.41
47.34
9.63
Current Liabilities
810.38 B
2.15 T
1.34 T
448.51 T
2.15 T
55.1 B
64.81 B
N/A
N/A
94.1 B
Total Asset
1.64 T
4.33 T
2.42 T
1029.84 T
4.33 T
73.36 B
79.79 B
4.1 T
56.33 B
137.87 B
Last Dividend Paid
11.25
4.0
1.96
N/A
4.0
N/A
N/A
N/A
N/A
N/A
Target Price
N/A
N/A
108.05
N/A
N/A
N/A
N/A
156.0
N/A
N/A
Shares Owned By Institutions
N/A
N/A
8.86
N/A
7.73
0.05
N/A
17.95
66.58
4.93
Market Capitalization
8.87 B
9.35 B
8.98 B
11.71 B
9.27 B
3.32 B
3 B
10.14 B
5.15 B
3.51 B
Price To Earning
24.44
73.73
15.2
9.73
14.13
12.1
0.15
9.24
12.39
0.03
Price To Earnings To Growth
N/A
N/A
0.44
N/A
1577.33
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.11
0.077
0.078
2.72
0.0758
2.75
0.35
0.0768
5.49
0.98
Net Income
26.72 B
26.51 B
23.88 B
18.31 T
26.51 B
(2.93 B)
(3.01 B)
38.05 B
479.9 M
309.51 M
Earnings Per Share
2.69
2.18
0.15
1.62
0.44
0.01
1.43
0.52
6.11
2.86
Shares Owned By Insiders
N/A
N/A
58.27
N/A
N/A
N/A
N/A
N/A
2.29
72.2
Revenue
91.32 B
140.04 B
97.41 B
61.28 T
140.04 B
(257.78 M)
2.52 B
163.11 B
1.32 B
3 B
Working Capital
(637.89 B)
(2.04 T)
(1.04 T)
(348.8 T)
(2.04 T)
(50.49 B)
(58.66 B)
N/A
N/A
(63.72 B)
Cash And Equivalents
230.9 B
127.47 B
59.06 B
4.24 B
127.47 B
14.09 B
20.06 B
592.52 B
635 M
15.58 B
Cash Per Share
556.0
66.78
13.09
0.23
66.78
1.5
16.06
250.08
7.44
N/A
Gross Profit
77.23 B
100.41 B
84.27 B
45.52 T
100.41 B
(1.81 B)
2.1 B
121.34 B
1.01 B
2.64 B
Day Typical Price
31.83
26.1
1.85
14.14
4.8
1.17
8.0
4.6
166.0
10.51
Accumulation Distribution
N/A
116.59
N/A
N/A
N/A
0.0417
0.0464
N/A
N/A
N/A
Market Facilitation Index
N/A
1.0E-4
N/A
N/A
N/A
0.05
0.38
N/A
N/A
N/A
Daily Balance Of Power
9.2 T
(1.52)
0.0
0
0.0
2.2
(0.26)
0.0
0
0
Period Momentum Indicator
0.43
(0.93)
N/A
(0.84)
N/A
0.11
(0.10)
N/A
(1.43)
(0.02)
Rate Of Daily Change
1.01
0.97
1.0
0.94
1.0
1.1
0.99
1.0
0.99
1.0
Day Median Price
31.83
26.19
1.85
14.14
4.8
1.17
8.0
4.6
166.0
10.51
Price Action Indicator
0.21
(0.72)
N/A
(0.42)
N/A
0.05
(0.05)
N/A
(0.72)
(0.01)
Relative Strength Index
65.45
45.01
N/A
54.98
100.0
66.15
46.35
N/A
80.31
58.08
Coefficient Of Variation
419.04
3038.44
N/A
3334.07
N/A
733.99
2662.45
N/A
399.6
958.59
Mean Deviation
1.76
1.23
N/A
2.5
N/A
2.82
2.58
N/A
1.1
1.67
Jensen Alpha
0.5984
0.0307
N/A
0.1184
N/A
0.4488
0.1569
N/A
0.521
0.3816
Total Risk Alpha
0.4247
(0.07)
N/A
(0.17)
N/A
0.2289
(0.13)
N/A
0.3568
0.1089
Sortino Ratio
0.1792
(0)
N/A
0.01
N/A
0.1088
0.0168
N/A
N/A
0.0474
Downside Variance
9.63
3.05
N/A
33.29
N/A
15.98
22.55
N/A
N/A
41.93
Standard Deviation
2.59
1.69
N/A
3.97
N/A
3.64
3.75
N/A
2.04
3.53
Kurtosis
1.88
1.19
N/A
1.41
N/A
1.15
2.72
N/A
13.28
9.05
Potential Upside
6.57
2.61
N/A
6.83
N/A
5.49
7.91
N/A
3.99
5.24
Treynor Ratio
3.38
0.1566
N/A
(0.60)
N/A
0.6649
(0.26)
N/A
(1.29)
(0.80)
Maximum Drawdown
13.85
8.91
N/A
22.02
N/A
20.08
22.26
N/A
14.57
27.55
Variance
6.7
2.87
N/A
15.77
N/A
13.27
14.08
N/A
4.17
12.48
Market Risk Adjusted Performance
3.39
0.1666
N/A
(0.59)
N/A
0.6749
(0.25)
N/A
(1.28)
(0.79)
Risk Adjusted Performance
0.1805
0.0296
N/A
0.0299
N/A
0.1069
0.0353
N/A
0.1881
0.0837
Skewness
0.4047
(0.0005)
N/A
(0.02)
N/A
(0.12)
(0.72)
N/A
3.24
1.05
Semi Deviation
1.51
1.64
N/A
3.31
N/A
3.39
4.15
N/A
N/A
2.13
Information Ratio
0.215
(0)
N/A
0.0146
N/A
0.1194
0.0212
N/A
0.2202
0.087
Value At Risk
(2.56)
(3.46)
N/A
(7.61)
N/A
(4.35)
(6.88)
N/A
N/A
(3.77)
Expected Short fall
(2.80)
(1.30)
N/A
(4.24)
N/A
(3.19)
(2.41)
N/A
N/A
(6.03)
Downside Deviation
3.1
1.75
N/A
5.77
N/A
4.0
4.75
N/A
N/A
6.48
Semi Variance
2.27
2.69
N/A
10.98
N/A
11.47
17.2
N/A
N/A
4.56

Absa Group Competition Performance Charts

Five steps to successful analysis of Absa Group Competition

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

In addition to having Absa Group 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.

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Additional Tools for Absa Pink Sheet Analysis

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