Elron Competitors
Elron Electronic Ind competes with Enterprise Diversified, Kr1 PLC, Base Carbon, BEO Bancorp, and Canadian Life; as well as few others. The company classifies itself under Diversified Financial Services sector and is part of Financials industry. Analyzing Elron Electronic 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 Elron Electronic to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Elron Electronic vs Harleysville Financial Correlation
Elron Electronic Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elron Electronic 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 Elron 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 Elron Electronic Ind 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 Elron Pink Sheet performing well and Elron Electronic 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 Elron Electronic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNINF | 2.98 | 1.65 | 0.00 | (0.96) | 0.00 | 0.00 | 100.00 | |||
| ENDI | 0.40 | (0.17) | 0.00 | (0.61) | 0.00 | 0.70 | 4.48 | |||
| KROEF | 7.50 | 0.08 | 0.00 | 0.29 | 9.77 | 29.17 | 75.25 | |||
| BCBNF | 2.18 | (0.05) | (0.02) | 0.03 | 2.30 | 5.56 | 18.23 | |||
| QUCT | 0.38 | 0.08 | 0.00 | 0.53 | 0.38 | 1.48 | 5.66 | |||
| BEOB | 0.91 | 0.12 | 0.01 | (6.30) | 1.19 | 2.36 | 8.14 | |||
| CLSPF | 0.74 | 0.39 | 0.00 | (2.86) | 0.00 | 1.68 | 12.71 | |||
| PNPFF | 1.75 | (0.18) | 0.00 | (0.33) | 0.00 | 4.97 | 24.53 | |||
| GABA | 952.03 | 531.95 | 72.29 | (0.93) | 0.00 | 6.43 | 31,913 | |||
| HARL | 0.57 | 0.07 | (0.02) | (4.34) | 0.65 | 1.60 | 4.28 |
Elron Electronic Competitive Analysis
The better you understand Elron Electronic competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elron Electronic'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 Elron Electronic'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 |
Elron Electronic Competition Performance Charts
Five steps to successful analysis of Elron Electronic Competition
Elron Electronic'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 Elron Electronic Ind in relation to its competition. Elron Electronic's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Elron Electronic 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 Elron Electronic's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elron Electronic Ind, 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 Elron Electronic position
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World Allocation Funds
Funds or Etfs investing in stocks, bonds, and cash of domestic markets as well as in markets of Canada, Japan, and Europe. The World Allocation Funds theme has 40 constituents at this time.
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in Elron Pink Sheet
If you are still planning to invest in Elron Electronic Ind check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Elron Electronic's history and understand the potential risks before investing.
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