Heico Competitors
| HEI Stock | USD 339.44 8.31 2.39% |
Heico vs Axon Enterprise Correlation
Modest diversification
The correlation between Heico and AXON is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heico and AXON in the same portfolio, assuming nothing else is changed.
Moving against Heico Stock
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heico'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.
Heico Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Heico 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 Heico 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 Heico 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 Heico Stock performing well and Heico 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 Heico'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EVEX | 2.84 | (0.08) | 0.01 | 0.06 | 3.14 | 5.46 | 19.07 | |||
| MRCY | 2.06 | 0.20 | 0.13 | 0.19 | 2.04 | 4.65 | 12.66 | |||
| AVAV | 3.06 | (0.46) | 0.00 | (0.08) | 0.00 | 5.91 | 31.86 | |||
| HWM | 1.27 | 0.08 | 0.04 | 0.19 | 1.42 | 2.77 | 5.94 | |||
| RTX | 0.98 | 0.09 | 0.05 | 0.23 | 1.22 | 2.09 | 6.02 | |||
| NOC | 1.19 | 0.11 | 0.05 | 0.24 | 1.44 | 2.85 | 9.88 | |||
| LMT | 1.22 | 0.29 | 0.15 | 0.55 | 1.35 | 2.91 | 7.74 | |||
| GD | 0.96 | (0.02) | (0.02) | 0.07 | 1.23 | 1.99 | 7.72 | |||
| HII | 1.64 | 0.48 | 0.28 | 0.53 | 1.22 | 4.34 | 10.50 | |||
| LHX | 1.32 | 0.23 | 0.17 | 0.31 | 1.14 | 3.09 | 7.10 |
Heico Competitive Analysis
The better you understand Heico competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Heico'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 Heico'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 |
Heico Competition Performance Charts
Five steps to successful analysis of Heico Competition
Heico'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 Heico in relation to its competition. Heico's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Heico 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 Heico's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Heico, 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 Heico position
In addition to having Heico 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 Books Thematic Idea Now
Books
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 36 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 Books Theme or any other thematic opportunities.
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Check out Heico Correlation with its peers. For more detail on how to invest in Heico Stock please use our How to Invest in Heico guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heico. If investors know Heico will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heico listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Heico is measured differently than its book value, which is the value of Heico that is recorded on the company's balance sheet. Investors also form their own opinion of Heico's value that differs from its market value or its book value, called intrinsic value, which is Heico's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heico's market value can be influenced by many factors that don't directly affect Heico'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 Heico's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heico is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heico's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.