Meridian Competitors

Delisted . USA . 
Stock . Meridian Energy Limited
MDDNFDelisted Stock  USD 3.43  0.00  0.00%   
Meridian Energy competes with United Utilities, China Longyuan, Orsted A/S, Tokyo Electric, and Fortum Oyj; as well as few others. The company classifies itself under Utilities sector and is part of Utilities—Renewable industry. Analyzing Meridian Energy 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 Meridian Energy to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Meridian Energy vs Centrica Plc Correlation

Excellent diversification

The correlation between Meridian Energy Limited and CPYYF is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Energy Limited and CPYYF in the same portfolio, assuming nothing else is changed.

Moving together with Meridian Pink Sheet

  0.77OEZVF VERBUND AGPairCorr

Moving against Meridian Pink Sheet

  0.5PTAIY Astra International TbkPairCorr
  0.48TLKMF Telkom Indonesia TbkPairCorr
  0.47DOGEF Orsted A/SPairCorr
  0.45PPERY Bank Mandiri PerseroPairCorr
  0.43DNNGY Orsted AS ADRPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
3.433.433.43
Details
Intrinsic
Valuation
LowRealHigh
3.033.033.77
Details

Meridian Energy Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Meridian Energy and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Meridian 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 Meridian Energy does not affect the price movement of the other competitor.

High positive correlations

UUGRY
+ 0.92
CPYYY
CPYYF
+ 0.85
CPYYY
CPYYF
+ 0.79
UUGWF
CPYYF
+ 0.78
UUGRY
CPYYY
+ 0.75
UUGWF
UUGRY
+ 0.75
UUGWF
  

High negative correlations

TKECY
- 0.7
UUGWF
CPYYF
- 0.61
TKECY
TKECY
- 0.58
DNNGY
UUGRY
- 0.56
TKECY
CPYYY
- 0.52
TKECY
CLPXY
- 0.34
UUGWF

Risk-Adjusted Indicators

There is a big difference between Meridian Pink Sheet performing well and Meridian Energy 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 Meridian Energy'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CRPJF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
UUGWF  0.57  0.12  0.00 (1.25) 0.00 
 0.00 
 2.97 
 0.00 
 11.33 
CLPXY  1.38 (0.13) 0.00 (0.14) 0.00 
 0.00 
 3.32 
(4.88)
 10.10 
CHUEF  5.01  0.36  0.02 (0.16) 6.45 
(5.75)
 13.21 
(11.68)
 34.37 
DNNGY  2.01  0.41  0.14  0.56  2.36 
(2.31)
 4.81 
(2.50)
 15.96 
TKECY  3.19 (0.40) 0.00 (0.12) 0.00 
 0.00 
 6.55 
(7.44)
 38.06 
FOJCF  0.96  0.30  0.00 (5.07) 0.00 
 0.00 
 3.89 
(0.05)
 24.02 
CPYYY  1.14  0.19  0.10  0.50  1.05 
(1.28)
 3.29 
(1.78)
 6.83 
UUGRY  0.82  0.16  0.09  0.71  0.75 
(0.87)
 1.83 
(1.53)
 4.37 
CPYYF  1.72  0.48  0.06 (0.51) 1.89 
(6.09)
 6.14 
(3.77)
 23.66 

Meridian Energy Competitive Analysis

The better you understand Meridian Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Meridian Energy'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 Meridian Energy'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
MDDNF CRPJF UUGWF CLPXY CHUEF DNNGY TKECY FOJCF CPYYY UUGRY
 0.00 
 3.43 
Meridian
 0.00 
 2.33 
China
 0.00 
 16.47 
United
 0.34 
 8.92 
China
 0.39 
 12.74 
Chubu
 0.25 
 8.07 
Orsted
 9.48 
 4.39 
Tokyo
 0.00 
 23.77 
Fortum
 0.46 
 10.85 
Centrica
 1.56 
 35.80 
United
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Not too volatile
Very steady
Somewhat reliable
Risky
Very steady
Not too volatile
Very steady
Market Performance
(90 Days Performance)
Weakest
Weakest
Fair
Weakest
Weakest
Good
Weakest
Soft
Solid
Solid
Odds of Financial Distress
(Probability Of Bankruptcy)
Hazard
Hazard
Small
Low
Hazard
Low
Small
Small
Small
Small
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Under Valued
Over Valued
Fairly Valued
Under Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Not Rated
Sell
Cautious Hold
Not Rated
Strong Buy
Strong Sell
Sell
Strong Buy
Buy
Current Ratio
1.48
0.79
0.89
0.75
0.86
0.86
0.49
0.9
1.03
0.89
Net Asset
9.37 B
287.36 B
14.44 B
189.31 B
6.17 T
314.14 B
12.85 T
149.66 B
27.09 B
14.44 B
Profit Margin
0.18
0.0034
0.28
0.15
-0.0182
0.11
-0.0895
-0.0085
-0.0554
0.28
EBITDA
988 M
20.14 B
1.19 B
20 B
163.67 B
32.72 B
477.04 B
1.2 B
963 M
1.19 B
Operating Margin
0.15
0.0464
0.29
0.32
-0.001
0.0855
-0.0431
0.0247
-0.0422
0.29
Current Valuation
8.85 B
25.29 B
18.08 B
28.87 B
23.5 B
45.86 B
36.83 B
24.09 B
6.79 B
18.08 B
Price To Book
1.99
0.54
1.79
0.97
0.45
5.58
0.33
2.08
2.48
2.25
Retained Earnings
N/A
47.73 B
1.84 B
N/A
1.18 T
N/A
154.99 B
12.04 B
1.18 B
598.66 M
Current Asset
N/A
20.28 B
612 M
N/A
706.32 B
N/A
1.98 T
6.89 B
8.24 B
3.67 B
Five Year Return
N/A
N/A
4.81
N/A
N/A
N/A
N/A
6.61
8.81
4.71
Beta
0.64
0.72
0.45
0.91
0.23
0.56
0.0772
0.71
1.2
0.45
Number Of Employees
925
21.79 K
6 K
8.05 K
28.36 K
8.03 K
37.94 K
7.83 K
19.9 K
6 K
Shares Outstanding
2.58 B
4.81 B
681.89 M
838.2 M
756.14 M
1.26 B
1.6 B
897.26 M
1.45 B
340.94 M
Cash Flow From Operations
461 M
7.4 B
934.4 M
16.76 B
21.69 B
11.92 B
406.49 B
4.97 B
1.61 B
934.4 M
Annual Yield
0.0397
0.0382
0.0409
0.0156
0.0376
0.0217
N/A
0.0807
0.0203
0.0415
Total Debt
1 B
105.31 B
7.61 B
55.08 B
2.19 T
60.45 B
2.77 T
7.76 B
3.18 B
7.61 B
Return On Equity
0.0839
-0.008
0.18
0.0847
-0.0315
0.17
-0.22
-0.21
-0.48
0.18
Z Score
4.8
N/A
0.6
N/A
N/A
N/A
N/A
0.6
1.2
0.6
Return On Asset
0.0365
0.0103
0.0229
0.0372
-4.0E-4
0.0242
-0.0153
0.018
-0.0201
0.0229
Book Value Per Share
2.14
20.24
4.58
81.94
2758.28
72.54
1680.55
7.28
1.48
9.16
Current Liabilities
N/A
50.22 B
693 M
N/A
1.09 T
N/A
3.4 T
1.6 B
7.1 B
2.96 B
Total Asset
9.37 B
287.36 B
14.44 B
189.31 B
6.17 T
314.14 B
12.85 T
149.66 B
27.09 B
14.44 B
Debt To Equity
0.22
1.33
2.7
1.37
1.3
1.09
1.73
N/A
1.76
2.7
Last Dividend Paid
0.17
0.26
0.44
0.15
25.0
13.5
N/A
1.14
0.01
0.44
Target Price
N/A
N/A
890.0
N/A
N/A
38.09
N/A
N/A
4.18
12.13
Shares Owned By Institutions
11.72
13.05
67.32
N/A
49.81
0.02
N/A
19.15
0.009
0.47
Market Capitalization
8.8 B
10.01 B
9 B
19.44 B
8 B
39.14 B
6.41 B
13.82 B
6.99 B
8.77 B
Price To Earning
45.33
179.0
44.87
11.96
4.53
20.98
518.0
5.64
114.0
57.69
Price To Earnings To Growth
38.17
0.3
69.62
0.48
N/A
6.41
N/A
N/A
0.35
87.85
Price To Sales
2.27
0.0867
5.83
0.42
0.0022
0.31
0.0012
0.12
0.36
4.77
Net Income
664 M
1.59 B
(56.8 M)
6.41 B
(43.02 B)
15.13 B
5.64 B
739 M
1.21 B
(56.8 M)
Earnings Per Share
0.11
0.01
0.91
1.02
-0.42
1.66
0.01
-3.03
0.47
1.81
Shares Owned By Insiders
51.04
63.04
0.07
N/A
3.46
N/A
N/A
52.95
N/A
N/A
Revenue
3.69 B
89.8 B
1.86 B
37.21 B
2.71 T
126.09 B
5.31 T
112.4 B
14.74 B
1.86 B
Working Capital
N/A
(29.94 B)
(81 M)
N/A
(387.05 B)
N/A
(1.42 T)
5.29 B
1.14 B
714.19 M
Cash And Equivalents
363 M
9.48 B
240.9 M
15.59 B
195.92 B
26.87 B
717.73 B
4.88 B
4.09 B
240.9 M
Cash Per Share
0.14
1.97
0.35
18.59
259.1
21.3
447.98
5.49
2.79
0.71
Gross Profit
709 M
27.52 B
1.69 B
25.07 B
(53.83 B)
35.11 B
46.23 B
7.23 B
1.41 B
1.69 B
Day Typical Price
3.43
2.33
16.47
8.92
12.72
7.97
4.39
23.77
10.85
35.78
Accumulation Distribution
N/A
N/A
N/A
N/A
0.0039
218.2
N/A
N/A
22.11
0.2
Market Facilitation Index
N/A
N/A
N/A
N/A
0.05
0.0
N/A
N/A
2.0E-4
0.0024
Daily Balance Of Power
0.0
0.0
0.0
9.2 T
1.0
(0.07)
9.2 T
0.0
0.2381
4.230769
Period Momentum Indicator
N/A
N/A
N/A
0.03
0.05
(0.02)
0.38
N/A
0.05
0.55
Rate Of Daily Change
1.0
1.0
1.0
1.0
1.0
1.0
1.09
1.0
1.0
1.02
Day Median Price
3.43
2.33
16.47
8.92
12.72
7.93
4.39
23.77
10.85
35.78
Price Action Indicator
N/A
N/A
N/A
0.015
0.05
0.14
0.19
N/A
0.03
0.3
Coefficient Of Variation
(812.40)
N/A
1256.74
(3,152)
3028.64
540.28
(2,416)
824.92
609.93
528.89
Mean Deviation
0.3994
N/A
0.5746
1.38
5.01
2.01
3.19
0.9562
1.14
0.8217
Jensen Alpha
(0.19)
N/A
0.1171
(0.13)
0.364
0.4146
(0.40)
0.302
0.1868
0.1638
Total Risk Alpha
(0.41)
N/A
(0.07)
(0.33)
(0.63)
0.1747
(0.82)
(0)
0.0573
0.0648
Sortino Ratio
N/A
N/A
N/A
N/A
0.0196
0.1426
N/A
N/A
0.1038
0.0918
Downside Variance
N/A
N/A
N/A
N/A
48.58
8.06
N/A
N/A
1.72
1.07
Standard Deviation
1.65
N/A
1.5
2.11
7.28
2.75
5.1
2.53
1.46
1.05
Kurtosis
66.0
N/A
15.9
1.45
1.03
4.13
4.88
21.65
(0)
(0.13)
Potential Upside
N/A
N/A
2.97
3.32
13.21
4.81
6.55
3.89
3.29
1.83
Treynor Ratio
0.8577
N/A
(1.25)
(0.14)
(0.16)
0.5567
(0.12)
(5.07)
0.5036
0.7114
Maximum Drawdown
13.38
N/A
11.33
10.1
34.37
15.96
38.06
24.02
6.83
4.37
Variance
2.71
N/A
2.24
4.44
52.97
7.54
26.01
6.4
2.13
1.1
Market Risk Adjusted Performance
0.8677
N/A
(1.24)
(0.13)
(0.15)
0.5667
(0.11)
(5.06)
0.5136
0.7214
Risk Adjusted Performance
(0.09)
N/A
0.0678
(0.02)
0.0351
0.1538
(0.02)
0.1029
0.1345
0.1523
Skewness
(8.12)
N/A
(1.98)
(0.73)
0.2647
(1.00)
(0.08)
2.99
0.4425
0.0682
Semi Deviation
N/A
N/A
N/A
N/A
6.45
2.36
N/A
N/A
1.05
0.7461
Information Ratio
(0.19)
N/A
0.0104
(0.08)
0.0188
0.1474
(0.06)
0.0803
0.0931
0.0906
Value At Risk
N/A
N/A
N/A
(4.88)
(11.68)
(2.50)
(7.44)
(0.05)
(1.78)
(1.53)
Expected Short fall
N/A
N/A
N/A
N/A
(5.75)
(2.31)
N/A
N/A
(1.28)
(0.87)
Downside Deviation
N/A
N/A
N/A
N/A
6.97
2.84
N/A
N/A
1.31
1.04
Semi Variance
N/A
N/A
N/A
N/A
41.59
5.55
N/A
N/A
1.11
0.5567

Meridian Energy Competition Performance Charts

Five steps to successful analysis of Meridian Energy Competition

Meridian Energy'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 Meridian Energy in relation to its competition. Meridian Energy's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Meridian Energy 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 Meridian Energy's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Meridian Energy, 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.

Complement your Meridian Energy position

In addition to having Meridian Energy 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 Rentals Thematic Idea Now

Rentals
Rentals Theme
Companies providing rental and leasing services to public and business. The Rentals 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 Rentals Theme or any other thematic opportunities.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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Other Consideration for investing in Meridian Pink Sheet

If you are still planning to invest in Meridian Energy check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Meridian Energy's history and understand the potential risks before investing.
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