ESS Competitors
| GWH Stock | USD 1.42 0.11 7.19% |
ESS Tech vs Broadwind Energy Correlation
Excellent diversification
The correlation between ESS Tech and BWEN is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ESS Tech and BWEN in the same portfolio, assuming nothing else is changed.
Moving together with ESS Stock
Moving against ESS Stock
| 0.71 | ESP | Espey Mfg Electronics Earnings Call This Week | PairCorr |
| 0.61 | THR | Thermon Group Holdings | PairCorr |
| 0.58 | PLPC | Preformed Line Products | PairCorr |
| 0.52 | NRGV | Energy Vault Holdings | PairCorr |
| 0.43 | POWL | Powell Industries | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESS Tech'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.
ESS Tech Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ESS Tech 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 ESS 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 ESS Tech 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 ESS Stock performing well and ESS Tech 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 ESS Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADSE | 2.42 | 0.08 | 0.01 | 0.39 | 2.87 | 5.22 | 18.67 | |||
| PPSI | 3.39 | (0.19) | (0.02) | 0.00 | 4.08 | 8.30 | 23.29 | |||
| DFLI | 6.79 | (1.87) | 0.00 | (0.35) | 0.00 | 13.98 | 58.61 | |||
| SST | 3.43 | (0.51) | 0.00 | (0.56) | 0.00 | 7.18 | 19.31 | |||
| MESA | 2.58 | 0.30 | 0.07 | (10.04) | 3.05 | 6.11 | 16.91 | |||
| FLUX | 4.55 | (0.93) | 0.00 | (0.20) | 0.00 | 10.19 | 23.67 | |||
| IPWR | 5.45 | (0.57) | 0.00 | (0.24) | 0.00 | 9.70 | 38.33 | |||
| NEOV | 5.70 | (0.08) | 0.00 | 0.04 | 6.44 | 11.67 | 50.89 | |||
| SPCB | 3.38 | (0.40) | 0.00 | (0.26) | 0.00 | 6.32 | 15.56 | |||
| BWEN | 5.06 | 0.70 | 0.06 | (0.21) | 7.20 | 11.11 | 51.85 |
Cross Equities Net Income Analysis
Compare ESS Tech and related stocks such as Ads Tec Energy, Pioneer Power Solutions, and Chardan NexTech Acqu Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADSE | (12 M) | (12 M) | (12 M) | (12 M) | (12 M) | (12 M) | (12 M) | (12 M) | (12 M) | (12 M) | (10.3 M) | (87.6 M) | (18.9 M) | (55.1 M) | (98 M) | (88.2 M) | (83.8 M) |
| PPSI | (3.5 K) | (60 K) | 3 M | 5.3 M | (268 K) | (5.9 M) | (569 K) | (9.3 M) | (5.7 M) | (12 M) | (3 M) | (2.2 M) | (5.4 M) | 138 K | 31.9 M | 36.6 M | 38.5 M |
| DFLI | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 6.9 M | 4.3 M | (40 M) | (13.8 M) | (40.6 M) | (36.6 M) | (34.7 M) |
| FLUX | (30 K) | (2.4 M) | 351 K | (4.3 M) | (2.4 M) | (4.6 M) | (4.4 M) | (7 M) | (12.4 M) | (14.3 M) | (12.8 M) | (15.9 M) | (7.7 M) | (8.3 M) | (6.7 M) | (6 M) | (6.3 M) |
| IPWR | (1.8 M) | (1.8 M) | (4.6 M) | (9.6 M) | (6.9 M) | (10.4 M) | (11 M) | (10.3 M) | (7.9 M) | (3.9 M) | (7.8 M) | (4.8 M) | (6.9 M) | (10 M) | (10.4 M) | (9.4 M) | (9.8 M) |
| NEOV | (305.4 K) | (305.4 K) | (305.4 K) | (305.4 K) | (305.4 K) | (305.4 K) | (305.4 K) | (305.4 K) | (836.1 K) | (1.5 M) | (7.7 M) | (5.8 M) | (2.6 M) | (2.3 M) | (5 M) | (4.5 M) | (4.8 M) |
| SPCB | (2 M) | 1 M | 4.8 M | 6.5 M | 6.2 M | 2.7 M | (11.3 M) | (6.7 M) | (15.7 M) | (15.7 M) | (7.9 M) | (10.1 M) | (7.5 M) | (4 M) | 661 K | 594.9 K | 624.6 K |
| BWEN | (24.7 K) | (21.9 M) | (17.9 M) | (10.5 M) | (6.2 M) | (21.8 M) | 319 K | (3.6 M) | (24.1 M) | (4.5 M) | (1.5 M) | 2.8 M | (9.7 M) | 7.6 M | 1.2 M | 1.3 M | 1.4 M |
ESS Tech and related stocks such as Ads Tec Energy, Pioneer Power Solutions, and Chardan NexTech Acqu Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in ESS Tech financial statement analysis. It represents the amount of money remaining after all of ESS Tech operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.ESS Tech Competitive Analysis
The better you understand ESS Tech competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ESS Tech'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 ESS Tech'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 |
ESS Tech Competition Performance Charts
Five steps to successful analysis of ESS Tech Competition
ESS Tech'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 ESS Tech in relation to its competition. ESS Tech's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ESS Tech 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 ESS Tech's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ESS Tech, 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 ESS Tech Correlation with its peers. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is there potential for Electrical Components & Equipment market expansion? Will ESS introduce new products? Factors like these will boost the valuation of ESS Tech. Market participants price ESS higher when confident in its future expansion prospects. Understanding fair value requires weighing current performance against future potential. All the valuation information about ESS Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.05) | Revenue Per Share | Quarterly Revenue Growth (0.40) | Return On Assets | Return On Equity |
Investors evaluate ESS Tech using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating ESS Tech's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause ESS Tech's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between ESS Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESS Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, ESS Tech's market price signifies the transaction level at which participants voluntarily complete trades.