Indocan Competitors
Indocan Resources competes with Next Generation; as well as few others. The company conducts business under Pharmaceuticals sector and is part of Health Care industry. Analyzing Indocan Resources competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Indocan Resources to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Indocan Resources Correlation with its peers. To learn how to invest in Indocan Stock, please use our How to Invest in Indocan Resources guide.
Indocan Resources vs Stem Holdings Correlation
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indocan Resources' 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.
Indocan Resources Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Indocan Resources 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 Indocan 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 Indocan Resources 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 Indocan Stock performing well and Indocan Resources 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 Indocan Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELLXF | 49.55 | 17.93 | 0.35 | (3.31) | 28.78 | 189.29 | 312.85 | |||
| NPHC | 23.25 | 8.27 | 0.13 | (2.71) | 18.18 | 100.00 | 266.67 | |||
| PHCG | 11.86 | 2.37 | 0.11 | 2.44 | 10.54 | 28.57 | 122.22 | |||
| PAIOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CSUI | 15.61 | 3.91 | 0.08 | 2.77 | 15.98 | 50.00 | 295.56 | |||
| CNTRF | 4.90 | (0.55) | 0.00 | 0.21 | 0.00 | 0.00 | 153.37 | |||
| CATV | 8.94 | 1.23 | 0.00 | 2.77 | 0.00 | 50.00 | 150.00 | |||
| NGMC | 25.52 | 6.20 | 0.18 | 221.34 | 23.51 | 69.18 | 257.78 | |||
| VIBEF | 2.65 | (0.12) | 0.00 | (0.17) | 0.00 | 15.00 | 48.34 | |||
| STMH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Indocan Resources Competitive Analysis
The better you understand Indocan Resources competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Indocan Resources' 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 Indocan Resources' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Indocan Resources Competition Performance Charts
Five steps to successful analysis of Indocan Resources Competition
Indocan Resources' 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 Indocan Resources in relation to its competition. Indocan Resources' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Indocan Resources 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 Indocan Resources' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Indocan Resources, 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 Indocan Resources Correlation with its peers. To learn how to invest in Indocan Stock, please use our How to Invest in Indocan Resources guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Will Pharmaceuticals sector continue expanding? Could Indocan diversify its offerings? Factors like these will boost the valuation of Indocan Resources. Market participants price Indocan higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Indocan Resources data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (0.03) |
Understanding Indocan Resources requires distinguishing between market price and book value, where the latter reflects Indocan's accounting equity. The concept of intrinsic value - what Indocan Resources' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Indocan Resources' price substantially above or below its fundamental value.
Please note, there is a significant difference between Indocan Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Indocan Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Indocan Resources' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.