Heico Competitors
| HEI Stock | USD 342.18 4.97 1.47% |
Heico vs Axon Enterprise Correlation
Very weak diversification
The correlation between Heico and AXON is 0.43 (i.e., Very weak 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 together with Heico Stock
The current Return On Tangible Assets is estimated to decrease to 0.11. The current Return On Capital Employed is estimated to decrease to 0.14. As of now, Heico's Other Current Assets are increasing as compared to previous years. The Heico's current Total Current Assets is estimated to increase to about 2.8 B, while Net Tangible Assets are forecasted to increase to (1.3 B).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 | 2.77 | (0.58) | 0.00 | (0.25) | 0.00 | 5.46 | 25.14 | |||
| MRCY | 2.49 | 0.21 | 0.05 | 0.17 | 4.44 | 5.34 | 29.24 | |||
| AVAV | 3.77 | (0.33) | 0.00 | (0.07) | 0.00 | 7.84 | 31.86 | |||
| HWM | 1.48 | 0.26 | 0.16 | 0.36 | 1.35 | 3.56 | 7.17 | |||
| RTX | 1.07 | 0.18 | 0.10 | 0.43 | 1.28 | 2.36 | 7.00 | |||
| NOC | 1.30 | 0.31 | 0.18 | 0.68 | 1.39 | 2.91 | 9.88 | |||
| LMT | 1.33 | 0.53 | 0.28 | 1.11 | 1.35 | 2.92 | 8.78 | |||
| GD | 1.08 | (0.08) | 0.00 | (0.04) | 0.00 | 2.28 | 7.72 | |||
| HII | 1.86 | 0.35 | 0.13 | 0.28 | 2.27 | 4.34 | 16.77 | |||
| LHX | 1.32 | 0.18 | 0.11 | 0.25 | 1.41 | 3.09 | 8.86 |
Cross Equities Net Income Analysis
Compare Heico and related stocks such as Eve Holding, Mercury Systems, and AeroVironment Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EVEX | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (7.7 M) | (16.7 M) | (18.3 M) | (174 M) | (127.7 M) | (138.2 M) | (124.4 M) | (118.1 M) |
| MRCY | 8.7 M | 22.6 M | (13.2 M) | (11.4 M) | 10.4 M | 19.7 M | 24.9 M | 40.9 M | 46.8 M | 85.7 M | 62 M | (28.3 M) | (28.3 M) | (137.6 M) | (37.9 M) | (34.1 M) | (32.4 M) |
| AVAV | 541 K | 30.5 M | 10.4 M | 13.7 M | 2.9 M | 9 M | 13.1 M | 17.9 M | 47.4 M | 41.1 M | 23.3 M | (4.2 M) | (176.2 M) | 59.7 M | 43.6 M | 39.3 M | 41.2 M |
| HWM | 938 M | 611 M | 162 M | (2.2 B) | 268 M | (322 M) | (941 M) | (74 M) | 642 M | 470 M | 211 M | 258 M | 469 M | 765 M | 1.2 B | 1.5 B | 1.6 B |
| RTX | 312.7 M | 5 B | 4.3 B | 5.8 B | 6.2 B | 1.6 B | 5 B | 4.6 B | 5.3 B | 5.5 B | (3.5 B) | 3.9 B | 5.2 B | 3.4 B | 4.8 B | 6.7 B | 7.1 B |
| NOC | 214.4 M | 2.1 B | 2 B | 2 B | 2.1 B | 2 B | 2.2 B | 2 B | 3.2 B | 2.2 B | 3.2 B | 7 B | 4.9 B | 2.1 B | 4.2 B | 4.2 B | 4.4 B |
| LMT | (361 M) | 2.7 B | 2.7 B | 3 B | 3.6 B | 3.6 B | 5.3 B | 2 B | 5 B | 6.2 B | 6.8 B | 6.3 B | 5.7 B | 6.9 B | 5.3 B | 5 B | 3.1 B |
| GD | 388.3 M | 2.5 B | (332 M) | 2.4 B | 2.5 B | 3 B | 2.6 B | 2.9 B | 3.3 B | 3.5 B | 3.2 B | 3.3 B | 3.4 B | 3.3 B | 3.8 B | 4.2 B | 4.4 B |
| HII | 124 M | (94 M) | 146 M | 261 M | 338 M | 404 M | 573 M | 479 M | 836 M | 549 M | 696 M | 544 M | 579 M | 681 M | 550 M | 605 M | 479 M |
| LHX | 59.6 M | 588 M | 30.6 M | 113 M | 535 M | 334 M | 324 M | 543 M | 699 M | 1.6 B | 1.1 B | 1.8 B | 1.1 B | 1.2 B | 1.5 B | 1.6 B | 1.7 B |
| CW | 22.2 M | 130.4 M | 113.8 M | 138 M | 113.3 M | 145.5 M | 187.3 M | 214.9 M | 275.7 M | 307.6 M | 201.4 M | 262.8 M | 294.3 M | 354.5 M | 405 M | 484.2 M | 508.4 M |
| HXL | 7.7 M | 135.5 M | 164.3 M | 187.9 M | 209.4 M | 237.2 M | 249.8 M | 284 M | 276.6 M | 306.6 M | 31.7 M | 16.1 M | 126.3 M | 105.7 M | 132.1 M | 109.4 M | 72.6 M |
| KTOS | 4.7 M | (24.2 M) | (114.4 M) | (37.2 M) | (78 M) | 19.8 M | (60.5 M) | (42.7 M) | (3.5 M) | 12.5 M | 79.6 M | (2 M) | (36.9 M) | (8.9 M) | 16.3 M | 18.7 M | 19.7 M |
| AXON | (473.2 K) | (7 M) | 14.7 M | 18.2 M | 19.9 M | 19.9 M | 17.3 M | 5.2 M | 29.2 M | 882 K | (1.7 M) | (60 M) | 147.1 M | 175.8 M | 377 M | 433.6 M | 455.3 M |
Heico and related stocks such as Eve Holding, Mercury Systems, and AeroVironment Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Heico financial statement analysis. It represents the amount of money remaining after all of Heico operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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
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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 AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is there potential for Aerospace & Defense market expansion? Will Heico introduce new products? Factors like these will boost the valuation of Heico. Market participants price Heico higher when confident in its future expansion prospects. Understanding fair value requires weighing current performance against future potential. 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.
Quarterly Earnings Growth 0.33 | Dividend Share 0.23 | Earnings Share 4.89 | Revenue Per Share | Quarterly Revenue Growth 0.193 |
Investors evaluate Heico using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Heico'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 Heico's market price to deviate significantly 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. Conversely, Heico's market price signifies the transaction level at which participants voluntarily complete trades.