Compare Harmony to Transportadora, Telecom, United, Agrometal, Compania

Comparing Harmony to Transportadora, Telecom, United, Agrometal, Compania can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.

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Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.

	HMY	TGSU2	TECO2	X	AGRO	TRAN
HMY		-0.85	-0.86	0.64	-0.87	-0.73	HMY
TGSU2	-0.85		0.95	-0.58	0.91	0.84	TGSU2
TECO2	-0.86	0.95		-0.48	0.89	0.77	TECO2
X	0.64	-0.58	-0.48		-0.68	-0.76	X
AGRO	-0.87	0.91	0.89	-0.68		0.8	AGRO
TRAN	-0.73	0.84	0.77	-0.76	0.8		TRAN
	HMY	TGSU2	TECO2	X	AGRO	TRAN

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High positive correlations

TECO2	+ 0.95	TGSU2
AGRO	+ 0.91	TGSU2
AGRO	+ 0.89	TECO2
TRAN	+ 0.84	TGSU2
TRAN	+ 0.8	AGRO
TRAN	+ 0.77	TECO2

High negative correlations

AGRO	- 0.87	HMY
TECO2	- 0.86	HMY
TGSU2	- 0.85	HMY
TRAN	- 0.76	X
TRAN	- 0.73	HMY
AGRO	- 0.68	X

Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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
HMY	2.69	(0.42)	0.00	(1.88)	0.00	0.00	6.54	(5.91)	15.32
TGSU2	2.15	0.52	0.21	(0.86)	1.96	(2.59)	4.93	(3.23)	10.09
TECO2	2.92	0.73	0.25	2.11	2.50	(3.46)	6.90	(4.39)	16.94
X	2.36	(0.31)	0.00	(1.09)	0.00	0.00	3.97	(5.58)	16.36
AGRO	2.57	0.53	0.18	(1.03)	2.26	(3.22)	6.38	(4.40)	16.31
TRAN	2.48	0.77	0.29	(1.15)	2.10	(3.21)	7.11	(3.95)	21.94

Unable to evaluate fundamental data of [HMY.BA, TGSU2.BA, TECO2.BA, X.BA, AGRO.BA, TRAN.BA] at this time. Please try again later

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	HMY	TGSU2	TECO2	X	AGRO	TRAN
	1.22 9,730 Harmony	1.87 7,080 Transportadora	2.12 3,135 Telecom	0.20 12,350 United	2.85 75.10 Agrometal	2.72 2,860 Compania
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Solid	Solid	Very Weak	Good	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Below Average	Low	Low	Low	Low	Below Average
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Strong Hold	Strong Sell	Strong Sell	Strong Sell
Current Ratio	N/A	3.04 X	0.73 X	1.27 X	1.25 X	1.10 X
Net Asset	46.81 B	208.18 B	1.08 T	19.46 B	6.04 B	56.24 B
Profit Margin	(0.02) %	0.23 %	(0.44) %	0.12 %	0.05 %	0.16 %
EBITDA	(340 M)	47.75 B	196.39 B	4.21 B	2.02 B	5.49 B
Operating Margin	0.1 %	0.33 %	(0.06) %	0.16 %	0.25 %	0.09 %
Current Valuation	383.36 B	490.28 B	1.06 T	1.18 T	5.79 B	65.09 B
Price To Book	2.48 X	2.01 X	0.98 X	0.13 X	1.31 X	1.01 X
Retained Earnings	N/A	198 M	14.03 B	N/A	55 M	(268 M)
Current Asset	N/A	2.69 B	12.6 B	N/A	258 M	1 B
Beta	0.82	1.0	0.86	2.16	1.3	1.66
Number Of Employees	41	1.11 K	22.23 K	22.74 K	479	29
Shares Outstanding	618.03 M	347.57 M	628.06 M	75.53 M	100 M	217.89 M
Cash Flow From Operations	6.92 B	30.3 B	130.03 B	3.5 B	508.54 M	6.3 B
Annual Yield	0 %	0.06 %	0.05 %	0 %	0.07 %	0.27 %
Total Debt	3.18 B	49 B	202.05 B	3.91 B	83.87 M	527.78 M
Return On Equity	-0.033	0.12	-0.26	0.26	0.0981	0.0507
Z Score	N/A	7.8	1.8	N/A	59.8	N/A
Return On Asset	0.0552	0.0703	-0.0115	0.11	0.16	0.0128
Book Value Per Share	48.73 X	296.58 X	320.80 X	44.74 X	48.48 X	153.74 X
Current Liabilities	N/A	1.63 B	18.16 B	N/A	199 M	634 M
Total Asset	46.81 B	208.18 B	1.08 T	19.46 B	6.04 B	56.24 B
Last Dividend Paid	0.62	N/A	N/A	0.2	1.25	N/A
Debt To Equity	N/A	65.50 %	37.30 %	0.97 %	0.31 %	0.26 %
Target Price	N/A	1700.0	380.0	N/A	82.5	360.0
Shares Owned By Institutions	N/A	3.46 %	39.68 %	N/A	2.19 %	6.93 %
Market Capitalization	758.01 B	664.69 B	664.39 B	1.26 T	8.23 B	112.5 B
Price To Earning	N/A	9.39 X	49.19 X	(57.86) X	10.08 X	7.78 X
Price To Earnings To Growth	N/A	0.46 X	1.53 X	N/A	N/A	0.03 X
Price To Sales	15.64 X	4.97 X	1.17 X	44.36 X	0.93 X	4.34 X
Net Income	(1.05 B)	20.93 B	8.66 B	2.52 B	1.12 B	(1.31 B)
Earnings Per Share	22.05 X	27.90 X	20.69 X	5,227 X	3.46 X	5.98 X
Shares Owned By Insiders	N/A	N/A	N/A	N/A	N/A	3.36 %
Revenue	42.65 B	88.98 B	425.49 B	21.07 B	7.93 B	17.33 B
Working Capital	N/A	1.06 B	(5.56 B)	N/A	59 M	370 M
Cash And Equivalents	N/A	18.67 B	15.38 B	1.33 B	1.1 B	8.21 B
Cash Per Share	N/A	23.91 X	7.14 X	4.92 X	10.98 X	18.46 X
Gross Profit	9.05 B	43.2 B	310.89 B	4.35 B	3.2 B	4.23 B
Day Typical Price	9756.67	7006.67	3103.33	12408.33	75.87	2873.33
Accumulation Distribution	0.0322	0.0366	0.0643	0.0413	0.0449	0.0704
Market Facilitation Index	320.0	260.0	205.0	525.0	3.5	210.0
Daily Balance Of Power	(0.38)	0.5	0.3171	(0.05)	(0.63)	(0.38)
Period Momentum Indicator	(120.00)	130.0	65.0	(25.00)	(2.20)	(80.00)
Rate Of Daily Change	0.99	1.02	1.02	1.0	0.97	0.97
Day Median Price	9770.0	6970.0	3087.5	12437.5	76.25	2880.0
Price Action Indicator	(100.00)	175.0	80.0	(100.00)	(2.25)	(60.00)
Coefficient Of Variation	(873.18)	495.45	488.15	(1,053)	637.12	479.79
Mean Deviation	2.69	2.15	2.92	2.36	2.57	2.48
Jensen Alpha	(0.42)	0.5218	0.7344	(0.31)	0.5289	0.7726
Total Risk Alpha	(0.51)	0.4372	0.64	(0.39)	0.4242	0.6554
Sortino Ratio	N/A	0.2139	0.2509	N/A	0.1824	0.2855
Downside Variance	N/A	5.17	8.24	N/A	7.38	6.64
Standard Deviation	3.5	2.57	3.67	3.08	3.36	3.68
Kurtosis	0.3862	(0.56)	0.1672	0.6756	0.3188	6.63
Potential Upside	6.54	4.93	6.9	3.97	6.38	7.11
Treynor Ratio	(1.88)	(0.86)	2.11	(1.09)	(1.03)	(1.15)
Maximum Drawdown	15.32	10.09	16.94	16.36	16.31	21.94
Variance	12.26	6.6	13.48	9.46	11.31	13.58
Market Risk Adjusted Performance	(1.87)	(0.85)	2.12	(1.08)	(1.02)	(1.14)
Risk Adjusted Performance	(0.08)	0.1678	0.1711	(0.07)	0.1327	0.174
Skewness	0.514	0.0569	0.6085	0.1989	0.6309	1.73
Semi Deviation	N/A	1.96	2.5	N/A	2.26	2.1
Information Ratio	(0.12)	0.1893	0.1961	(0.11)	0.1474	0.1997
Value At Risk	(5.91)	(3.23)	(4.39)	(5.58)	(4.40)	(3.95)
Expected Short fall	N/A	(2.59)	(3.46)	N/A	(3.22)	(3.21)
Downside Deviation	N/A	2.27	2.87	N/A	2.72	2.58
Semi Variance	N/A	3.86	6.27	N/A	5.1	4.4

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.

Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, 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 the competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Explore Investing Opportunities

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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