Addentax Competitors
| ATXG Stock | USD 0.39 0.01 2.63% |
Addentax Group vs DEFSEC Technologies Correlation
Poor diversification
The correlation between Addentax Group Corp and DFSC is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Addentax Group Corp and DFSC in the same portfolio, assuming nothing else is changed.
Moving against Addentax Stock
| 0.74 | CJT | Cargojet | PairCorr |
| 0.73 | NCEW | New Century Logistics | PairCorr |
| 0.73 | CHRW | CH Robinson Worldwide | PairCorr |
| 0.66 | FDX | FedEx | PairCorr |
| 0.63 | UPAB | United Parcel Service | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Addentax Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Addentax Group Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Addentax Group 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 Addentax 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 Addentax Group Corp 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 Addentax Stock performing well and Addentax 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 Addentax 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNE | 5.88 | 0.80 | 0.19 | 0.33 | 4.50 | 18.52 | 53.12 | |||
| BKYI | 4.49 | (0.49) | 0.00 | 21.83 | 0.00 | 9.26 | 43.12 | |||
| UGRO | 5.53 | (0.99) | 0.00 | (0.55) | 0.00 | 12.24 | 55.24 | |||
| ELOG | 4.75 | (1.24) | 0.00 | (1.04) | 0.00 | 7.26 | 39.40 | |||
| XPON | 3.89 | (0.75) | 0.00 | (0.21) | 0.00 | 8.43 | 25.78 | |||
| CLIK | 3.81 | (0.86) | 0.00 | 0.62 | 0.00 | 12.83 | 44.45 | |||
| BAER | 3.70 | 0.79 | 0.23 | 0.78 | 2.74 | 10.84 | 22.79 | |||
| SGLY | 4.88 | (0.40) | 0.00 | (4.60) | 0.00 | 15.56 | 37.12 | |||
| GVH | 5.35 | (1.90) | 0.00 | (2.61) | 0.00 | 9.02 | 87.78 | |||
| DFSC | 3.96 | (0.60) | 0.00 | 3.56 | 0.00 | 9.38 | 35.87 |
Cross Equities Net Income Analysis
Compare Addentax Group Corp and related stocks such as SUNation Energy, BIO Key International, and Urban Gro Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNE | 116.6 M | (1.5 B) | (150.6 M) | (586.7 M) | (1.2 B) | (171.7 K) | (171.7 K) | (171.7 K) | (171.7 K) | (171.7 K) | (171.7 K) | (6.2 M) | (10.4 M) | (8.1 M) | (15.8 M) | (14.3 M) | (15 M) |
| BKYI | (823.5 K) | (1.9 M) | 3.3 K | (2.6 M) | (1.9 M) | (1.9 M) | (4.2 M) | (4.3 M) | (6.9 M) | (14.6 M) | (9.7 M) | (5.1 M) | (11.9 M) | (8.5 M) | (4.3 M) | (3.9 M) | (4.1 M) |
| UGRO | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (2.6 M) | (3.9 M) | (8.4 M) | (5.1 M) | (875.7 K) | (15.3 M) | (18.7 M) | (18.7 M) | (36.5 M) | (34.7 M) |
| ELOG | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | (935.8 K) | 1.2 M | 1.1 M | 1.8 M | 2 M | 2.1 M |
| XPON | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (201.3 K) | (876.5 K) | (4.7 M) | (7.5 M) | (7.5 M) | (13.5 M) | (12.1 M) | (11.5 M) |
| CLIK | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 182.9 K | 802.6 K | 935.8 K | 1.1 M | 704.5 K |
| BAER | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (12.2 M) | (6.5 M) | (42.1 M) | (77.4 M) | (15.6 M) | (14 M) | (14.7 M) |
| SGLY | 529.8 K | (1.8 M) | (1.8 M) | 1.6 M | 717.4 K | (2 M) | 3.6 M | 459.1 K | (6.5 M) | (16.5 M) | (10.9 M) | (28.3 M) | (23 M) | (5.1 M) | (3.9 M) | (3.5 M) | (3.7 M) |
| GVH | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 564.8 K | 810.2 K | 1.1 M | 1.3 M | 1.3 M | 1.5 M | 1 M |
| DFSC | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (10.5 M) | (9.3 M) | (7.4 M) | (9.6 M) | (11.1 M) | (11.6 M) |
Addentax Group Corp and related stocks such as SUNation Energy, BIO Key International, and Urban Gro Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Addentax Group Corp financial statement analysis. It represents the amount of money remaining after all of Addentax Group Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Addentax Group Competitive Analysis
The better you understand Addentax Group competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Addentax 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 Addentax 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 |
Addentax Group Competition Performance Charts
Five steps to successful analysis of Addentax Group Competition
Addentax 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 Addentax Group Corp in relation to its competition. Addentax Group's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Addentax 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 Addentax Group's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Addentax Group Corp, 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 Addentax Group Correlation with its peers. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Can Air Freight & Logistics industry sustain growth momentum? Does Addentax have expansion opportunities? Factors like these will boost the valuation of Addentax Group. If investors know Addentax will grow in the future, the company's valuation will be higher. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Addentax Group demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.34) | Earnings Share (0.68) | Revenue Per Share | Quarterly Revenue Growth (0.26) | Return On Assets |
The market value of Addentax Group Corp is measured differently than its book value, which is the value of Addentax that is recorded on the company's balance sheet. Investors also form their own opinion of Addentax Group's value that differs from its market value or its book value, called intrinsic value, which is Addentax Group's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Addentax Group's market value can be influenced by many factors that don't directly affect Addentax Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Addentax Group's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Addentax Group represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Addentax Group's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.