Fly Competitors
| FLYE Stock | USD 2.69 0.20 6.92% |
Fly E vs U Power Correlation
Modest diversification
The correlation between Fly E Group Common and UCAR is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fly E Group Common and UCAR in the same portfolio, assuming nothing else is changed.
Moving against Fly Stock
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fly E's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fly E Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Fly E 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 Fly 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 Fly E Group does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Fly Stock performing well and Fly E 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 Fly E'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WKHS | 4.81 | (0.52) | 0.00 | 0.66 | 0.00 | 10.78 | 56.82 | |||
| CENN | 4.21 | (0.08) | 0.00 | (0.24) | 0.00 | 13.33 | 24.81 | |||
| XELB | 5.12 | 0.97 | 0.17 | 1.09 | 5.24 | 11.20 | 31.14 | |||
| LOBO | 4.57 | 0.85 | 0.11 | 2.24 | 5.40 | 13.64 | 47.21 | |||
| AIEV | 14.50 | 2.18 | 0.10 | (0.68) | 13.82 | 46.15 | 138.46 | |||
| YJ | 3.30 | (0.16) | 0.00 | (2.20) | 0.00 | 6.99 | 30.41 | |||
| ECDA | 11.94 | (4.94) | 0.00 | (6.52) | 0.00 | 17.65 | 138.90 | |||
| ATER | 3.79 | (0.19) | 0.00 | 2.71 | 0.00 | 7.69 | 28.48 | |||
| DSS | 4.13 | (0.01) | (0.01) | 0.02 | 6.34 | 12.77 | 50.17 | |||
| UCAR | 2.85 | (0.60) | 0.00 | 1.22 | 0.00 | 4.79 | 19.82 |
Fly E Competitive Analysis
The better you understand Fly E competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Fly E'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 Fly E'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 |
Fly E Competition Performance Charts
Five steps to successful analysis of Fly E Competition
Fly E'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 Fly E Group in relation to its competition. Fly E's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Fly E 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 Fly E's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Fly E Group, 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 Fly E position
In addition to having Fly E in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Software Thematic Idea Now
Software
Companies that develop and distribute software and software systems to individuals or business. The Software theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Software Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Fly E Correlation with its peers. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Will Automobile Manufacturers sector continue expanding? Could Fly diversify its offerings? Factors like these will boost the valuation of Fly E. Market participants price Fly higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Fly E data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of Fly E Group is measured differently than its book value, which is the value of Fly that is recorded on the company's balance sheet. Investors also form their own opinion of Fly E's value that differs from its market value or its book value, called intrinsic value, which is Fly E's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Fly E's market value can be influenced by many factors that don't directly affect Fly E's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fly E's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fly E is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Fly E's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.