Johnson Competitors
| JNJ Stock | EUR 148.70 1.76 1.17% |
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Johnson Johnson Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Johnson Johnson 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 Johnson 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 Johnson Johnson does not affect the price movement of the other competitor.
| 0.34 | 0.32 | 0.41 | 0.11 | 0.15 | 0.04 | JNJ | ||
| 0.34 | 0.38 | 0.61 | 0.69 | 0.77 | -0.4 | 6MK | ||
| 0.32 | 0.38 | 0.42 | 0.32 | 0.37 | -0.14 | RHO6 | ||
| 0.41 | 0.61 | 0.42 | 0.55 | 0.55 | -0.18 | AMG | ||
| 0.11 | 0.69 | 0.32 | 0.55 | 0.92 | 0.08 | BAYN | ||
| 0.15 | 0.77 | 0.37 | 0.55 | 0.92 | -0.07 | BAYA | ||
| 0.04 | -0.4 | -0.14 | -0.18 | 0.08 | -0.07 | CVGU | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Johnson Stock performing well and Johnson Johnson 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 Johnson Johnson'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JNJ | 0.73 | 0.06 | (0.10) | (0.66) | 0.66 | 1.99 | 3.65 | |||
| 6MK | 0.96 | (0.15) | 0.00 | (0.20) | 0.00 | 1.72 | 5.61 | |||
| RHO6 | 1.32 | (0.24) | 0.00 | (0.28) | 0.00 | 2.85 | 8.69 | |||
| AMG | 1.15 | (0.18) | 0.00 | (0.08) | 0.00 | 2.59 | 10.60 | |||
| BAYN | 1.53 | (0.48) | 0.00 | 51.44 | 0.00 | 2.76 | 18.73 | |||
| BAYA | 3.16 | (0.46) | 0.00 | (1.15) | 0.00 | 6.38 | 20.23 | |||
| CVGU | 3.69 | 0.33 | 0.05 | 1.33 | 4.46 | 8.70 | 43.46 |
Johnson Johnson Competitive Analysis
The better you understand Johnson Johnson competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Johnson Johnson'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 Johnson Johnson'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 |
Johnson Johnson Competition Performance Charts
Five steps to successful analysis of Johnson Johnson Competition
Johnson Johnson'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 Johnson Johnson in relation to its competition. Johnson Johnson's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Johnson Johnson 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 Johnson Johnson's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Johnson Johnson, 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 Johnson Johnson position
In addition to having Johnson Johnson 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?
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Diversified Assets
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Additional Information and Resources on Investing in Johnson Stock
When determining whether Johnson Johnson is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Johnson Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Johnson Johnson Stock. Highlighted below are key reports to facilitate an investment decision about Johnson Johnson Stock:Check out Johnson Johnson Correlation with its peers.For more detail on how to invest in Johnson Stock please use our How to Invest in Johnson Johnson guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.