Amgen Competitors
| AMG Stock | EUR 277.10 0.45 0.16% |
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 Amgen competition on your existing holdings.
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Amgen Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Amgen 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 Amgen 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 Amgen Inc does not affect the price movement of the other competitor.
| 0.43 | 0.26 | 0.0 | 0.87 | -0.58 | 0.0 | PL8 | ||
| 0.43 | 0.29 | -0.75 | 0.61 | -0.89 | 0.0 | PL0 | ||
| 0.26 | 0.29 | -0.26 | 0.49 | -0.18 | 0.0 | 5PMA | ||
| 0.0 | -0.75 | -0.26 | -0.3 | 0.7 | 0.0 | 9JD | ||
| 0.87 | 0.61 | 0.49 | -0.3 | -0.68 | 0.0 | I8M | ||
| -0.58 | -0.89 | -0.18 | 0.7 | -0.68 | 0.0 | 32A | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N5A | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Amgen Stock performing well and Amgen 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 Amgen'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PL8 | 0.95 | 0.22 | 0.05 | (0.57) | 1.01 | 2.08 | 10.06 | |||
| PL0 | 1.60 | 0.44 | 0.19 | 2.72 | 1.30 | 3.65 | 15.83 | |||
| 5PMA | 3.62 | (0.13) | 0.00 | 0.70 | 0.00 | 8.70 | 24.17 | |||
| 9JD | 2.18 | (0.35) | 0.00 | (0.93) | 0.00 | 4.11 | 17.41 | |||
| I8M | 1.81 | 0.11 | 0.05 | 0.23 | 2.03 | 4.82 | 11.97 | |||
| 32A | 0.99 | (0.28) | 0.00 | (0.96) | 0.00 | 2.22 | 6.12 | |||
| N5A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Amgen Competitive Analysis
The better you understand Amgen competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Amgen'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 Amgen'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 |
Amgen Competition Performance Charts
Five steps to successful analysis of Amgen Competition
Amgen'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 Amgen Inc in relation to its competition. Amgen's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Amgen 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 Amgen's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Amgen Inc, 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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Additional Information and Resources on Investing in Amgen Stock
When determining whether Amgen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amgen'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 Amgen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amgen Inc Stock:Check out Amgen Correlation with its peers.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.