Elekta Competitors
| EKTAY Stock | | | USD 5.97 0.21 3.40% |
Elekta AB ADR competes with
Sino Biopharmaceutica,
Orion Oyj, and
WuXi Biologics; as well as few others. The company classifies itself under
Healthcare sector and is part of
Medical Instruments & Supplies industry. Analyzing Elekta AB competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Elekta AB to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out
Elekta AB Correlation with its peers.
Elekta AB vs KetamineOne Capital Correlation
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Elekta AB. Your research has to be compared to or analyzed against Elekta AB's peers to derive any actionable benefits. When done correctly, Elekta AB's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Elekta AB ADR.
Elekta AB Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elekta AB and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Elekta 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 Elekta AB ADR does not affect the price movement of the other competitor.
High positive correlations| WXIBF | | ORINY | | KONEF | | SBHMY | | KONEF | | ORINY | | KONEF | | WXIBF |
| | High negative correlations| ORINY | | SBHMY | | WXIBF | | SBHMY | | KONEF | | WXIBF | | KONEF | | ORINY | | KONEF | | SBHMY |
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Risk-Adjusted IndicatorsThere is a big difference between Elekta Pink Sheet performing well and Elekta AB 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 Elekta AB'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.
Elekta AB Competitive Analysis
The better you understand Elekta AB competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elekta AB'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 Elekta AB's competition over several years is one of the best ways to analyze its investment potential.
Elekta AB Competition Performance Charts
Five steps to successful analysis of Elekta AB Competition
Elekta AB'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 Elekta AB ADR in relation to its competition. Elekta AB's competition analysis typically involves several steps, including:
- Identifying the key players in the market: This involves identifying the major competitors of Elekta AB 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 Elekta AB's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elekta AB ADR, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.
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Additional Tools for Elekta Pink Sheet Analysis
When running Elekta AB's price analysis, check to
measure Elekta AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elekta AB is operating at the current time. Most of Elekta AB's value examination focuses on studying past and present price action to
predict the probability of Elekta AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elekta AB's price. Additionally, you may evaluate how the addition of Elekta AB to your portfolios can decrease your overall portfolio volatility.
