ERHC Competitors
| ERHE Stock | USD 0.0002 0 91.30% |
ERHC Energy vs Porto Energy Correlation
Moving against ERHC Stock
| 0.6 | SOC | Sable Offshore Corp | PairCorr |
| 0.52 | AVN | Avanti Energy | PairCorr |
| 0.51 | WIL | Wilton Resources | PairCorr |
| 0.49 | TNZ | Tenaz Energy Corp | PairCorr |
| 0.37 | WTI | WT Offshore | PairCorr |
ERHC Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ERHC Energy 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 ERHC 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 ERHC Energy 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 ERHC Stock performing well and ERHC Energy 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 ERHC Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WMELF | 30.63 | 14.49 | 0.00 | 2.97 | 0.00 | 16.25 | 945.59 | |||
| MMEX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARSEF | 2.98 | (1.58) | 0.00 | (0.93) | 0.00 | 0.00 | 99.75 | |||
| BDGR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CGRA | 6.01 | 0.28 | 0.01 | (0.22) | 9.06 | 33.33 | 66.67 | |||
| EFIR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HXPN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WTXR | 11.33 | 1.08 | 0.04 | 0.80 | 14.60 | 33.33 | 151.98 | |||
| PTCO | 7.27 | (0.07) | 0.00 | 0.02 | 10.51 | 25.64 | 93.30 | |||
| PNRXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
ERHC Energy Competitive Analysis
The better you understand ERHC Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ERHC Energy'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 ERHC Energy'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 |
ERHC Energy Competition Performance Charts
Five steps to successful analysis of ERHC Energy Competition
ERHC Energy'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 ERHC Energy in relation to its competition. ERHC Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ERHC Energy 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 ERHC Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ERHC Energy, 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 ERHC Energy Correlation with its peers. For information on how to trade ERHC Stock refer to our How to Trade ERHC Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Will Oil & Gas Exploration & Production sector continue expanding? Could ERHC diversify its offerings? Factors like these will boost the valuation of ERHC Energy. Projected growth potential of ERHC fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every ERHC Energy data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of ERHC Energy is measured differently than its book value, which is the value of ERHC that is recorded on the company's balance sheet. Investors also form their own opinion of ERHC Energy's value that differs from its market value or its book value, called intrinsic value, which is ERHC Energy's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because ERHC Energy's market value can be influenced by many factors that don't directly affect ERHC Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between ERHC Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding ERHC Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, ERHC Energy's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.