American Competitors
| FDK Stock | EUR 80.25 0.80 0.99% |
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American States Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between American States 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 American 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 American States Water does not affect the price movement of the other competitor.
| 0.7 | 0.58 | 0.84 | 0.0 | -0.5 | -0.51 | 3TY | ||
| 0.7 | 0.88 | 0.68 | 0.0 | -0.42 | -0.48 | DFA1 | ||
| 0.58 | 0.88 | 0.55 | 0.0 | -0.1 | -0.27 | CE3 | ||
| 0.84 | 0.68 | 0.55 | 0.0 | -0.52 | -0.51 | 3TY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HNC | ||
| -0.5 | -0.42 | -0.1 | -0.52 | 0.0 | 0.65 | 72S | ||
| -0.51 | -0.48 | -0.27 | -0.51 | 0.0 | 0.65 | WA7 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between American Stock performing well and American States 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 American States' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3TY | 2.18 | 0.22 | 0.05 | 0.86 | 2.43 | 5.47 | 18.48 | |||
| DFA1 | 1.61 | 0.56 | 0.35 | 15.95 | 0.75 | 4.43 | 12.91 | |||
| CE3 | 1.86 | 0.29 | 0.09 | 1.13 | 1.77 | 5.59 | 17.45 | |||
| 3TY | 2.15 | 0.19 | 0.04 | 0.54 | 2.44 | 5.47 | 18.48 | |||
| HNC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 72S | 0.99 | (0.04) | (0.06) | 0.00 | 1.37 | 2.50 | 8.01 | |||
| WA7 | 2.50 | 0.04 | (0.03) | (0.08) | 3.14 | 4.35 | 14.40 |
American States Competitive Analysis
The better you understand American States competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, American States' 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 American States' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
American States Competition Performance Charts
Five steps to successful analysis of American States Competition
American States' 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 American States Water in relation to its competition. American States' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of American States 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 American States' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to American States Water, 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 American States position
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Additional Information and Resources on Investing in American Stock
When determining whether American States Water is a strong investment it is important to analyze American States' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact American States' future performance. For an informed investment choice regarding American Stock, refer to the following important reports:Check out American States Correlation with its peers.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.