Alcon Competitors
| ALC Stock | USD 79.52 2.19 2.83% |
Alcon AG vs Insmed Correlation
Very good diversification
The correlation between Alcon AG and INSM is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alcon AG and INSM in the same portfolio, assuming nothing else is changed.
Moving against Alcon Stock
| 0.85 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.78 | IVF | INVO Fertility Symbol Change | PairCorr |
| 0.74 | AHC | Austco Healthcare | PairCorr |
| 0.7 | IHC | Inspiration Healthcare | PairCorr |
| 0.57 | AHG | Akso Health Group | PairCorr |
Alcon AG Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alcon AG 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 Alcon 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 Alcon AG does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alcon Stock performing well and Alcon AG 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 Alcon AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RMD | 0.99 | (0.05) | 0.00 | (0.01) | 0.00 | 2.11 | 5.71 | |||
| IQV | 1.22 | (0.14) | 0.00 | (0.08) | 0.00 | 2.57 | 6.41 | |||
| A | 1.21 | (0.17) | 0.00 | (0.09) | 0.00 | 2.90 | 7.85 | |||
| GEHC | 1.44 | (0.03) | 0.00 | 0.02 | 1.80 | 2.88 | 7.77 | |||
| HUM | 2.21 | (0.64) | 0.00 | (0.30) | 0.00 | 3.79 | 27.31 | |||
| BDX | 1.04 | 0.16 | 0.16 | 0.20 | 0.79 | 2.93 | 7.14 | |||
| MTD | 1.12 | (0.08) | 0.00 | (0.02) | 0.00 | 2.66 | 7.69 | |||
| CAH | 1.09 | 0.45 | 0.40 | (3.41) | 0.48 | 2.69 | 18.07 | |||
| WST | 1.49 | (0.37) | 0.00 | (0.21) | 0.00 | 2.56 | 12.18 | |||
| INSM | 2.12 | (0.04) | 0.00 | 0.36 | 0.00 | 3.35 | 32.41 |
Cross Equities Net Income Analysis
Compare Alcon AG and related stocks such as ResMed Inc, IQVIA Holdings, and Agilent Technologies Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RMD | 800 K | 254.8 M | 307.1 M | 345.3 M | 352.9 M | 352.4 M | 342.3 M | 315.6 M | 404.6 M | 621.7 M | 474.5 M | 779.4 M | 897.6 M | 1 B | 1.4 B | 1.6 B | 1.7 B |
| IQV | 160.6 M | 241.8 M | 177.5 M | 226.6 M | 356.4 M | 387.2 M | 115 M | 1.3 B | 259 M | 191 M | 279 M | 966 M | 1.1 B | 1.4 B | 1.4 B | 1.6 B | 1.7 B |
| A | 257 M | 1.2 B | 724 M | 549 M | 401 M | 460 M | 684 M | 316 M | 1.1 B | 719 M | 1.2 B | 1.3 B | 1.2 B | 1.3 B | 1.3 B | 1.5 B | 1.6 B |
| GEHC | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 13.8 B | 2.2 B | 1.9 B | 3.1 B | 2 B | 1.8 B | 3.3 B |
| BDX | 88 M | 1.2 B | 1.3 B | 1.2 B | 695 M | 976 M | 1.1 B | 311 M | 1.2 B | 874 M | 2.1 B | 1.8 B | 1.5 B | 1.7 B | 1.7 B | 1.9 B | 2 B |
| MTD | (65.9 M) | 269.5 M | 290.8 M | 306.1 M | 338.2 M | 352.8 M | 384.4 M | 376 M | 512.6 M | 561.1 M | 602.7 M | 769 M | 872.5 M | 788.8 M | 863.1 M | 992.6 M | 1 B |
| CAH | 6 M | 1.1 B | 334 M | 1.2 B | 1.2 B | 1.4 B | 1.3 B | 256 M | 1.4 B | (3.7 B) | 611 M | (938 M) | 330 M | 852 M | 1.6 B | 1.8 B | 1.9 B |
| WST | 15 M | 75.5 M | 80.7 M | 112.3 M | 127.1 M | 95.6 M | 143.6 M | 150.7 M | 206.9 M | 241.7 M | 346.2 M | 661.8 M | 585.9 M | 593.4 M | 492.7 M | 566.6 M | 594.9 M |
| INSM | (7.8 M) | (59.7 M) | (41.4 M) | (56.1 M) | (79.2 M) | (118.2 M) | (176.3 M) | (192.6 M) | (324.3 M) | (254.3 M) | (294.1 M) | (434.7 M) | (481.5 M) | (749.6 M) | (913.8 M) | (822.4 M) | (781.3 M) |
Alcon AG and related stocks such as ResMed Inc, IQVIA Holdings, and Agilent Technologies Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Alcon AG financial statement analysis. It represents the amount of money remaining after all of Alcon AG operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Alcon AG Competitive Analysis
The better you understand Alcon AG competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alcon AG'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 Alcon AG'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 |
Alcon AG Competition Performance Charts
Five steps to successful analysis of Alcon AG Competition
Alcon AG'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 Alcon AG in relation to its competition. Alcon AG's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Alcon AG 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 Alcon AG's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alcon AG, 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.
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Check out Alcon AG Correlation with its peers. For information on how to trade Alcon Stock refer to our How to Trade Alcon Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Will Health Care Equipment & Supplies sector continue expanding? Could Alcon diversify its offerings? Factors like these will boost the valuation of Alcon AG. If investors know Alcon will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Alcon AG data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.09) | Dividend Share 0.309 | Earnings Share 2.1 | Revenue Per Share | Quarterly Revenue Growth 0.065 |
The market value of Alcon AG is measured differently than its book value, which is the value of Alcon that is recorded on the company's balance sheet. Investors also form their own opinion of Alcon AG's value that differs from its market value or its book value, called intrinsic value, which is Alcon AG's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Alcon AG's market value can be influenced by many factors that don't directly affect Alcon AG's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Alcon AG's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Alcon AG represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Alcon AG's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.