Cummins Competitors
| C1MI34 Stock | BRL 776.57 210.14 37.10% |
Cummins vs Marvell Technology Correlation
Very good diversification
The correlation between Cummins and M2RV34 is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cummins and M2RV34 in the same portfolio, assuming nothing else is changed.
Moving against Cummins Stock
Cummins Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Cummins 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 Cummins 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 Cummins 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 Cummins Stock performing well and Cummins 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 Cummins' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MUTC34 | 3.37 | 0.87 | 0.21 | 4.36 | 3.25 | 7.94 | 20.25 | |||
| M1NS34 | 1.13 | 0.29 | 0.14 | (1.93) | 1.07 | 2.48 | 9.82 | |||
| M1CB34 | 0.05 | 0.01 | 0.00 | 0.97 | 0.00 | 0.00 | 0.99 | |||
| C1HK34 | 0.63 | (0.29) | 0.00 | (11.63) | 0.00 | 0.00 | 7.09 | |||
| C1AH34 | 1.05 | 0.13 | 0.04 | 0.47 | 1.18 | 2.39 | 10.02 | |||
| M1CH34 | 1.92 | 0.38 | 0.09 | (7.71) | 2.00 | 6.63 | 15.78 | |||
| M2RV34 | 2.40 | (0.33) | 0.00 | (0.40) | 0.00 | 5.60 | 13.29 |
Cummins Competitive Analysis
The better you understand Cummins competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Cummins' 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 Cummins' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Cummins Competition Performance Charts
Five steps to successful analysis of Cummins Competition
Cummins' 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 Cummins in relation to its competition. Cummins' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Cummins 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 Cummins' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Cummins, 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 Cummins position
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Cars
Domestic and international companies involved in manufacturing and serving automobiles and trucks. The Cars theme has 32 constituents at this time.
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Additional Information and Resources on Investing in Cummins Stock
When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' 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 Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock:Check out Cummins Correlation with its peers.For information on how to trade Cummins Stock refer to our How to Trade Cummins Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.