Cytek Competitors
| CTKB Stock | USD 4.47 0.03 0.67% |
Cytek Biosciences vs AngioDynamics Correlation
Very good diversification
The correlation between Cytek Biosciences and ANGO is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cytek Biosciences and ANGO in the same portfolio, assuming nothing else is changed.
Moving against Cytek Stock
| 0.44 | XTNT | Xtant Medical Holdings | PairCorr |
| 0.36 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.34 | IVF | INVO Fertility Symbol Change | PairCorr |
Cytek Biosciences Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Cytek Biosciences 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 Cytek 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 Cytek Biosciences does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Cytek Stock performing well and Cytek Biosciences 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 Cytek Biosciences' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VREX | 1.62 | 0.15 | 0.05 | 0.20 | 3.00 | 3.76 | 17.42 | |||
| AVNS | 1.74 | 0.33 | 0.17 | 0.37 | 1.69 | 4.79 | 9.85 | |||
| LAB | 3.06 | 0.00 | 0.01 | 0.08 | 3.36 | 7.81 | 25.50 | |||
| CLPT | 3.60 | (0.55) | 0.00 | (0.25) | 0.00 | 7.36 | 21.07 | |||
| TMCI | 3.59 | (1.61) | 0.00 | (0.68) | 0.00 | 6.51 | 28.25 | |||
| SRDX | 1.90 | 0.40 | 0.22 | 0.43 | 1.26 | 2.09 | 49.69 | |||
| CBLL | 2.61 | 0.82 | 0.33 | 0.70 | 2.02 | 6.82 | 18.00 | |||
| KIDS | 1.85 | (0.04) | (0.02) | 0.04 | 2.12 | 3.72 | 16.89 | |||
| ORGO | 3.70 | (0.02) | 0.01 | 0.07 | 3.78 | 9.18 | 55.15 | |||
| ANGO | 2.18 | (0.22) | 0.00 | (0.12) | 0.00 | 4.60 | 18.26 |
Cross Equities Net Income Analysis
Compare Cytek Biosciences and related stocks such as Varex Imaging Corp, Avanos Medical, and Standard Biotools Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VREX | 109.6 M | 109.6 M | 109.6 M | 110.1 M | 80 M | 68.5 M | 51.6 M | 27.5 M | 15.5 M | (57.9 M) | 17.4 M | 30.3 M | 48.2 M | (47.7 M) | (69.9 M) | (62.9 M) | (59.8 M) |
| AVNS | 142.4 M | 142.4 M | 152.6 M | 154.6 M | 27.1 M | (426.3 M) | 39.8 M | 79.3 M | 57.5 M | (45.9 M) | (27.2 M) | 6.3 M | 50.5 M | (61.8 M) | (392.1 M) | (352.9 M) | (335.2 M) |
| LAB | (23.6 M) | (22.5 M) | (19 M) | (15.8 M) | (52.8 M) | (53.3 M) | (76 M) | (60.5 M) | (59 M) | (64.8 M) | (53 M) | (59.2 M) | (190.1 M) | (74.7 M) | (138.9 M) | (125 M) | (118.7 M) |
| CLPT | (9.5 M) | (8.3 M) | (5.7 M) | (7.1 M) | (4.5 M) | (8.4 M) | (8.1 M) | (7.2 M) | (6.2 M) | (5.5 M) | (6.8 M) | (14.4 M) | (16.4 M) | (22.1 M) | (18.9 M) | (17 M) | (16.2 M) |
| TMCI | (4.3 M) | (4.3 M) | (4.3 M) | (4.3 M) | (4.3 M) | (4.3 M) | (4.3 M) | (4.3 M) | (4.3 M) | (4.3 M) | (3.7 M) | (20.6 M) | (42.8 M) | (49.5 M) | (55.7 M) | (50.2 M) | (47.7 M) |
| CBLL | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (37.2 M) | (29.5 M) | (40.5 M) | (36.4 M) | (38.2 M) |
| KIDS | (9.5 M) | (9.5 M) | (9.5 M) | (9.5 M) | (9.5 M) | (7.9 M) | (6.6 M) | (8.9 M) | (12 M) | (13.7 M) | (32.9 M) | (16.3 M) | 1.3 M | (21 M) | (37.8 M) | (34 M) | (32.3 M) |
| ORGO | (2.9 M) | (25.2 K) | (25.2 K) | (25.2 K) | (25.2 K) | (25.2 K) | (208.7 K) | (2.1 M) | (64.8 M) | (38.7 M) | 17.2 M | 94.2 M | 15.5 M | 4.9 M | 861 K | 990.1 K | 940.6 K |
| ANGO | 343 K | (5.2 M) | (1.2 M) | 2.3 M | (3.4 M) | (43.6 M) | (7.1 M) | 16.3 M | 61.3 M | (166.8 M) | (31.5 M) | (26.5 M) | (52.4 M) | (184.3 M) | (34 M) | (30.6 M) | (29.1 M) |
Cytek Biosciences and related stocks such as Varex Imaging Corp, Avanos Medical, and Standard Biotools Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Cytek Biosciences financial statement analysis. It represents the amount of money remaining after all of Cytek Biosciences operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Cytek Biosciences Competitive Analysis
The better you understand Cytek Biosciences competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Cytek Biosciences' 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 Cytek Biosciences' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Cytek Biosciences Competition Performance Charts
Five steps to successful analysis of Cytek Biosciences Competition
Cytek Biosciences' 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 Cytek Biosciences in relation to its competition. Cytek Biosciences' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Cytek Biosciences 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 Cytek Biosciences' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Cytek Biosciences, 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 Cytek Biosciences position
In addition to having Cytek Biosciences 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.Did You Try This Idea?
Run Cars Thematic Idea Now
Cars
Domestic and international companies involved in manufacturing and serving automobiles and trucks. The Cars theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cars Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Cytek Biosciences Correlation with its peers. For information on how to trade Cytek Stock refer to our How to Trade Cytek Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cytek Biosciences. Projected growth potential of Cytek fundamentally drives upward valuation adjustments. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Cytek Biosciences assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.735 | Earnings Share (0.11) | Revenue Per Share | Quarterly Revenue Growth 0.015 | Return On Assets |
Investors evaluate Cytek Biosciences using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Cytek Biosciences' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Cytek Biosciences' market price to deviate significantly from intrinsic value.
It's important to distinguish between Cytek Biosciences' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Cytek Biosciences should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Cytek Biosciences' market price signifies the transaction level at which participants voluntarily complete trades.