Compare First to Nuveen, Nuveen, Western, Western, BlackRock, GAMCO

Comparing First to Nuveen, Nuveen, Western, Western, BlackRock, GAMCO can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.

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Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.

	FCT	JRO	NSL	GDO	EHI	BGT	GAMI
FCT		0.33	0.49	-0.72	-0.68	0.77	-0.01	FCT
JRO	0.33		0.95	-0.73	-0.47	0.41	0.63	JRO
NSL	0.49	0.95		-0.82	-0.55	0.6	0.5	NSL
GDO	-0.72	-0.73	-0.82		0.76	-0.82	-0.31	GDO
EHI	-0.68	-0.47	-0.55	0.76		-0.67	-0.08	EHI
BGT	0.77	0.41	0.6	-0.82	-0.67		-0.08	BGT
GAMI	-0.01	0.63	0.5	-0.31	-0.08	-0.08		GAMI
	FCT	JRO	NSL	GDO	EHI	BGT	GAMI

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High positive correlations

NSL	+ 0.95	JRO
BGT	+ 0.77	FCT
EHI	+ 0.76	GDO
GAMI	+ 0.63	JRO
BGT	+ 0.6	NSL
GAMI	+ 0.5	NSL

High negative correlations

BGT	- 0.82	GDO
GDO	- 0.82	NSL
GDO	- 0.73	JRO
GDO	- 0.72	FCT
EHI	- 0.68	FCT
BGT	- 0.67	EHI

Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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
FCT	0.39	0.05	(0.12)	0.76	0.34	(0.49)	0.88	(0.79)	2.75
JRO	0.48	0.02	(0.14)	(0.04)	0.72	(0.45)	0.92	(1.17)	2.86
NSL	0.45	0.03	(0.17)	(0.24)	0.49	(0.56)	0.90	(1.09)	2.24
GDO	0.37	(0.12)	0.00	(1.22)	0.00	0.00	0.51	(0.98)	2.01
EHI	0.58	(0.05)	0.00	(0.19)	0.00	0.00	1.19	(1.17)	3.14
BGT	0.54	0.05	(0.10)	0.80	0.50	(0.62)	1.19	(1.03)	2.83
GAMI	2.13	0.17	0.03	1.28	2.26	(2.29)	4.25	(3.45)	11.83

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Competitive Analysis

Better Than Average

Worse Than Peers

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	FCT	JRO	NSL	GDO	EHI	BGT	GAMI
	0.29 10.40 First	0.64 7.83 Nuveen	0.22 4.56 Nuveen	0.26 11.53 Western	0.45 6.67 Western	0.31 12.96 BlackRock	0.00 18.20 GAMCO
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Very Weak	Very Weak	Very Weak	Very Weak	OK	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Below Average	Dangerous	Dangerous	Low	Low	Below Average	Dangerous
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Not Rated	Not Rated	Strong Sell	Strong Sell	Strong Sell	Not Rated
Current Ratio	0.11 X	0.97 X	0.25 X	N/A	0.07 X	0.06 X	2.44 X
Net Asset	N/A	N/A	N/A	N/A	N/A	N/A	231.67 M
Profit Margin	(55.20) %	(33.43) %	(35.96) %	N/A	(138.48) %	(81.36) %	0.20 %
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	108.13 M
Price To Book	0.80 X	0.81 X	0.82 X	N/A	0.68 X	0.84 X	3.40 X
Operating Margin	80.30 %	81.92 %	81.27 %	N/A	84.66 %	82.19 %	0.37 %
Current Valuation	367.12 M	548.67 M	298.18 M	N/A	230.66 M	370.63 M	307.03 M
Five Year Return	4.59 %	7.55 %	7.59 %	0.06 %	1.16 %	6.16 %	0.45 %
One Year Return	9.18 %	N/A	N/A	7.50 %	11.02 %	10.91 %	N/A
Beta	0.59	0.56	0.53	0.4	0.74	0.62	1.29
Number Of Employees	14	23	23	13	17	20	168
Shares Outstanding	25.96 M	40.54 M	38.61 M	14.94 M	22.7 M	22.36 M	6.81 M
Three Year Return	5.15 %	N/A	N/A	(3.41) %	(2.25) %	7.00 %	N/A
Cash Flow From Operations	45.04 M	33.55 M	27.4 M	N/A	24.94 M	20.97 M	96.13 M
Annual Yield	0 %	N/A	N/A	0.01 %	0.01 %	0 %	0.01 %
Total Debt	116 M	237.16 M	132.58 M	N/A	77 M	127 M	50.99 M
Return On Equity	-3.56	-2.65	-2.87	N/A	-14.14	-5.63	0.53
Z Score	N/A	0.6	0.6	N/A	N/A	N/A	6.4
Return On Asset	2.2	2.39	2.39	N/A	3.61	2.33	0.29
Number Of Shares Shorted	47.1 K	56.22 K	21.57 K	1.29 K	14.33 K	21.5 K	65.48 K
Book Value Per Share	12.71 X	10.11 X	6.00 X	N/A	10.59 X	13.40 X	4.76 X
Total Asset	438.01 M	393.6 M	253.16 M	N/A	556.11 M	N/A	231.67 M
Last Dividend Paid	0.83	0.79	0.46	1.21	0.8	0.94	0.16
Debt To Equity	0.39 %	0.63 %	0.62 %	N/A	0.40 %	0.47 %	0.33 %
Short Ratio	0.36 X	0.46 X	0.13 X	0.03 X	0.30 X	0.23 X	6.27 X
Shares Owned By Institutions	80.12 %	33.78 %	34.36 %	30.10 %	24.83 %	33.96 %	72.35 %
Market Capitalization	331.6 M	333.69 M	189.58 M	218.8 M	184.76 M	260.59 M	470.25 M
Price To Earning	82.76 X	9.31 X	9.80 X	10.41 X	6.38 X	93.42 X	5.87 X
Price To Sales	13.16 X	10.59 X	10.62 X	N/A	7.38 X	12.60 X	1.39 X
Net Income	(11.08 M)	(10.53 M)	(6.42 M)	N/A	(30.74 M)	(16.18 M)	73.2 M
Earnings Per Share	0.12 X	(0.15) X	(0.15) X	1.38 X	1.13 X	0.12 X	2.07 X
Shares Owned By Insiders	13.80 %	0.02 %	N/A	N/A	N/A	N/A	4.53 %
Year To Date Return	7.46 %	N/A	N/A	0.68 %	3.44 %	8.43 %	N/A
Revenue	20.08 M	31.52 M	17.85 M	N/A	22.2 M	19.89 M	301.13 M
Cash And Equivalents	918.37 K	4.3 M	10.86 M	N/A	458.2 K	881.28 K	133.89 M
Cash Per Share	0.04 X	0.11 X	0.28 X	N/A	0.02 X	0.04 X	5.16 X
Gross Profit	20.08 M	31.52 M	17.85 M	N/A	22.2 M	19.49 M	182.94 M
Day Typical Price	10.39	7.81	4.57	11.5	6.68	12.96	18.2
Accumulation Distribution	0.0067	0.0102	0.0065	0.0104	0.0075	0.0085	N/A
Market Facilitation Index	0.07	0.08	0.03	0.12	0.05	0.11	N/A
Daily Balance Of Power	0.4286	0.625	(0.33)	0.25	0.6	0.3636	0.0
Period Momentum Indicator	0.03	0.05	(0.01)	0.03	0.03	0.04	N/A
Rate Of Daily Change	1.0	1.01	1.0	1.0	1.0	1.0	1.0
Day Median Price	10.39	7.8	4.57	11.49	6.69	12.96	18.2
Price Action Indicator	0.03	0.055	(0.02)	0.055	N/A	0.025	N/A
Relative Strength Index	56.92	56.25	60.44	42.96	52.33	50.77	52.54
Coefficient Of Variation	715.36	4107.55	1999.66	(463.48)	(3,633)	948.36	1325.52
Mean Deviation	0.3894	0.4763	0.4508	0.3731	0.5831	0.5373	2.13
Jensen Alpha	0.0516	0.0224	0.0277	(0.12)	(0.05)	0.0501	0.1709
Total Risk Alpha	(0.02)	(0.1)	(0.07)	(0.19)	(0.14)	(0.04)	(0.23)
Sortino Ratio	(0.12)	(0.14)	(0.17)	N/A	N/A	(0.10)	0.0274
Downside Variance	0.2447	0.7008	0.3797	N/A	N/A	0.3551	6.15
Standard Deviation	0.5106	0.6427	0.5681	0.4715	0.7249	0.6549	2.63
Kurtosis	0.6838	0.8103	(0.34)	0.0302	(0.11)	(0.56)	0.0456
Potential Upside	0.8815	0.9211	0.8969	0.5115	1.19	1.19	4.25
Treynor Ratio	0.7615	(0.04)	(0.24)	(1.22)	(0.19)	0.7992	1.28
Maximum Drawdown	2.75	2.86	2.24	2.01	3.14	2.83	11.83
Variance	0.2607	0.4131	0.3228	0.2223	0.5255	0.4289	6.94
Market Risk Adjusted Performance	0.7715	(0.03)	(0.23)	(1.21)	(0.18)	0.8092	1.29
Risk Adjusted Performance	0.1022	0.0167	0.0349	(0.17)	(0.02)	0.0792	0.0649
Skewness	0.2375	(0.66)	(0.14)	(0.40)	(0.12)	0.2098	0.4474
Semi Deviation	0.3371	0.718	0.4875	N/A	N/A	0.5017	2.26
Information Ratio	(0.12)	(0.18)	(0.18)	(0.49)	(0.21)	(0.09)	0.0258
Value At Risk	(0.79)	(1.17)	(1.09)	(0.98)	(1.17)	(1.03)	(3.45)
Expected Short fall	(0.49)	(0.45)	(0.56)	N/A	N/A	(0.62)	(2.29)
Downside Deviation	0.4947	0.8371	0.6162	N/A	N/A	0.5959	2.48
Semi Variance	0.1137	0.5155	0.2377	N/A	N/A	0.2517	5.13

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.

Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, 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 the competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats 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.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.

	Entertainment Invested over 90 shares	Go
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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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