MEG Competitors

Delisted . USA . 
Stock . MEG Energy Corp
MEGEFDelisted Stock  USD 21.96  0.04  0.18%   
MEG Energy Corp competes with Petro Rio, Delek, Vista Oil, Koninklijke Vopak, and Delek Group; as well as few others. The company classifies itself under Oil, Gas & Consumable Fuels sector and is part of Energy industry. Analyzing MEG 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 MEG 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 housing.

MEG Energy vs Saipem SpA Correlation

Good diversification

The correlation between MEG Energy Corp and SAPMF is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEG Energy Corp and SAPMF in the same portfolio, assuming nothing else is changed.

Moving against MEG Pink Sheet

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MEG Energy'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.
Hype
Prediction
LowEstimatedHigh
21.0421.9622.88
Details
Intrinsic
Valuation
LowRealHigh
17.3618.2824.16
Details
Naive
Forecast
LowNextHigh
21.5922.5123.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.3721.2622.15
Details

MEG Energy Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between MEG 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 MEG 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 MEG Energy Corp does not affect the price movement of the other competitor.

High positive correlations

SAPMF
+ 0.94
SUBCY
SUBCY
+ 0.89
MGYOY
MGYOY
+ 0.85
PTRRY
SAPMF
+ 0.85
MGYOY
SUBCY
+ 0.76
PTRRY
MGYOY
+ 0.73
VOPKF
  

High negative correlations

VOPKY
- 0.72
DLKGF
DKDRF
- 0.51
DLKGF
VOPKY
- 0.44
DELKY
SAPMF
- 0.32
DLKGF
SUBCY
- 0.25
DLKGF
SAPMF
- 0.24
DELKY

Risk-Adjusted Indicators

There is a big difference between MEG Pink Sheet performing well and MEG 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 MEG 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
PTRRY  2.06  0.61  0.18  3.54  2.16 
(2.59)
 5.09 
(3.98)
 15.72 
DELKY  1.29  0.10  0.02  0.55  1.76 
(2.03)
 3.79 
(2.84)
 11.97 
VSOGF  0.61  0.31  0.00 (11.57) 0.00 
 0.00 
 0.00 
 0.00 
 10.89 
VOPKF  0.43  0.08  0.00 (2.62) 0.00 
 0.00 
 1.97 
(0.21)
 6.45 
DLKGF  0.76  0.14  0.02 (0.96) 1.01 
(2.47)
 2.02 
(2.53)
 13.37 
MGYOY  1.85  0.45  0.21  0.96  1.51 
(2.28)
 5.04 
(2.81)
 8.05 
DKDRF  1.33  0.35  0.06 (1.55) 1.50 
(3.48)
 5.39 
(4.66)
 13.43 
SUBCY  1.34  0.52  0.39  0.89  0.87 
(1.75)
 3.49 
(1.73)
 7.88 
VOPKY  0.32 (0.03) 0.00 (0.12) 0.00 
 0.00 
 0.00 
(0.81)
 6.82 
SAPMF  1.53  0.49  0.12  0.99  0.96 
(6.37)
 5.72 
(2.68)
 12.98 

MEG Energy Competitive Analysis

The better you understand MEG Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, MEG 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 MEG 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
MEGEF PTRRY DELKY VSOGF VOPKF DLKGF MGYOY DKDRF SUBCY VOPKY
 0.18 
 21.96 
MEG
 4.21 
 9.90 
Petro
 1.48 
 27.47 
Delek
 9.38 
 59.25 
Vista
 0.21 
 48.15 
Koninklijke
 2.10 
 269.58 
Delek
 2.89 
 6.04 
MOL
 3.74 
 6.10 
Delek
 0.83 
 25.43 
Subsea
 1.81 
 46.05 
Koninklijke
Market Volatility
(90 Days Market Risk)
Very steady
Somewhat reliable
Very steady
Very steady
Very steady
Out of control
Somewhat reliable
Slightly risky
Very steady
Very steady
Market Performance
(90 Days Performance)
Solid
Solid
Soft
Good
Mild
Mild
Solid
Good
Solid
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Hazard
Low
Low
Low
Small
Low
Small
Low
Low
Small
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Under Valued
Under Valued
Over Valued
Under Valued
Fairly 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
Strong Hold
Sell
Sell
Cautious Hold
Not Rated
Strong Buy
Strong Sell
Strong Buy
Cautious Hold
Current Ratio
1.61
5.62
0.6
0.8
0.52
0.6
1.18
1.01
1.22
0.52
Net Asset
7.59 B
12.22 B
31.4 B
1.68 B
7.09 B
31.4 B
6.49 T
3.85 B
6.99 B
7.09 B
Profit Margin
0.15
0.47
0.48
0.22
-0.14
0.48
0.0974
0.61
0.0051
-0.14
EBITDA
1.06 B
2.64 B
5.06 B
203.42 M
741.2 M
5.21 B
1.13 T
657.44 M
555.1 M
712.2 M
Operating Margin
0.26
0.59
N/A
0.44
0.24
N/A
N/A
0.66
0.015
0.24
Current Valuation
5.24 B
5.35 B
6.86 B
596.03 M
7.08 B
6.86 B
6.75 B
4.67 B
3.1 B
7.08 B
Price To Book
1.19
2.14
0.93
0.46
1.26
0.9
0.6
2.46
0.78
1.24
Retained Earnings
N/A
N/A
N/A
N/A
2.08 B
2.46 B
1.63 T
351 M
572.8 M
2.08 B
Current Asset
N/A
N/A
N/A
N/A
517 M
107.01 B
1.13 T
455 M
1.4 B
517 M
Five Year Return
N/A
N/A
N/A
N/A
3.06
N/A
4.03
N/A
N/A
3.07
Beta
2.91
1.53
1.42
0.27
0.55
1.42
0.61
1.33
1.55
0.55
Number Of Employees
411
6
469
5
5.58 K
469
24.22 K
14
26
5.58 K
Shares Outstanding
298 M
848.48 M
177.78 M
88.41 M
125.42 M
17.78 M
1.59 B
1.17 B
290.21 M
125.42 M
Cash Flow From Operations
690 M
2.18 B
3.6 B
401.39 M
682 M
3.6 B
918.07 B
453.64 M
293 M
682 M
Annual Yield
N/A
N/A
N/A
N/A
0.0418
0.49
0.0958
0.095
0.0092
0.0419
Total Debt
2.48 B
3.31 B
14.5 B
447.75 M
1.82 B
14.5 B
739.36 B
2.22 B
360.3 M
1.82 B
Return On Equity
0.23
0.45
0.71
0.36
-0.0564
0.71
0.25
0.33
0.0032
-0.0564
Z Score
1.2
1.2
N/A
N/A
1.2
N/A
N/A
0.6
6.0
1.2
Return On Asset
0.14
0.17
0.16
0.16
0.0282
0.16
0.11
0.0837
0.0073
0.0282
Book Value Per Share
14.65
10.95
N/A
8.56
22.56
124.31
4.92
1.0
13.83
22.56
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
125.76 K
N/A
Current Liabilities
N/A
N/A
N/A
N/A
505 M
101.36 B
1.3 T
231 M
1.19 B
505 M
Total Asset
7.59 B
12.22 B
31.4 B
1.68 B
7.09 B
31.4 B
6.49 T
3.85 B
6.99 B
7.09 B
Debt To Equity
0.53
0.59
1.61
1.11
1.09
1.61
0.39
2.02
0.13
1.09
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
144.44
N/A
13.0
N/A
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.17
0.11
N/A
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.83
N/A
Shares Owned By Institutions
35.84
N/A
N/A
0.36
22.01
8.37
N/A
N/A
0.059
N/A
Market Capitalization
5.16 B
6.93 B
1.94 B
351.38 M
3.97 B
1.95 B
6.08 B
2.49 B
3.7 B
4 B
Price To Earning
7.81
10.48
1.41
N/A
9.3
1.79
2.61
7.72
38.96
10.48
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.16
N/A
Price To Sales
0.64
0.62
0.69
0.34
2.79
0.67
0.22
3.27
0.6
2.78
Net Income
283 M
1.33 B
1.43 B
50.65 M
214.2 M
1.43 B
526.13 B
405.07 M
31.8 M
214.2 M
Earnings Per Share
2.29
0.77
8.44
0.65
1.73
84.23
1.6
0.32
0.1
1.76
Shares Owned By Insiders
0.58
N/A
N/A
27.95
49.0
48.72
N/A
55.2
N/A
N/A
Revenue
4.4 B
4.4 B
7.97 B
652.19 M
1.23 B
7.97 B
5.96 T
882.54 M
5.01 B
1.23 B
Working Capital
N/A
N/A
N/A
N/A
12 M
5.64 B
(164.05 B)
224 M
212.8 M
12 M
Cash And Equivalents
244 M
4.65 B
N/A
202.96 M
71.8 M
877.98 M
1.4 B
271.56 M
463.9 M
71.8 M
Cash Per Share
0.8
5.54
N/A
2.31
0.57
78.76
1.0
0.23
1.59
0.57
Gross Profit
1.75 B
2.47 B
4.31 B
457.67 M
1.19 B
4.31 B
1.79 T
631.19 M
304.7 M
1.19 B
Day Typical Price
22.01
9.87
27.29
59.25
48.15
269.58
6.04
6.1
25.56
46.05
Accumulation Distribution
0.0068
4.7
0.0193
N/A
N/A
N/A
N/A
N/A
189.9
N/A
Market Facilitation Index
0.15
2.0E-4
0.53
N/A
N/A
N/A
N/A
N/A
1.0E-4
N/A
Daily Balance Of Power
(0.27)
4.0
0.7547
9.2 T
0
9.2 T
0
9.2 T
0.3
9.2 T
Period Momentum Indicator
(0.04)
0.4
0.4
5.08
(0.10)
5.55
(0.18)
0.22
0.21
0.82
Rate Of Daily Change
1.0
1.04
1.01
1.09
1.0
1.02
0.97
1.04
1.01
1.02
Day Median Price
22.04
9.85
27.21
59.25
48.15
269.58
6.04
6.1
25.63
46.05
Price Action Indicator
(0.1)
0.25
0.46
2.54
(0.05)
2.78
(0.09)
0.11
(0.1)
0.41
Relative Strength Index
60.48
77.69
57.24
100.0
77.66
63.46
71.28
64.65
79.7
57.97
Coefficient Of Variation
307.46
451.87
1627.35
562.79
1355.0
1180.9
475.38
687.66
305.37
(10,315)
Mean Deviation
0.7513
2.06
1.29
0.6136
0.4305
0.7629
1.85
1.33
1.34
0.3195
Jensen Alpha
0.2893
0.6065
0.1049
0.3081
0.0783
0.1425
0.4525
0.3455
0.5152
(0.03)
Total Risk Alpha
0.2239
0.4157
(0.03)
0.1807
(0.01)
0.014
0.3141
0.1671
0.4266
(0.1)
Sortino Ratio
N/A
0.1808
0.0219
N/A
N/A
0.0246
0.2115
0.0604
0.3876
N/A
Downside Variance
N/A
9.74
8.62
N/A
N/A
11.66
4.07
22.01
1.63
N/A
Standard Deviation
0.9186
2.83
2.05
1.78
1.18
1.72
2.32
2.37
1.7
1.07
Kurtosis
(0.93)
1.07
2.68
30.14
18.26
10.53
(0.1)
3.05
0.2767
18.84
Potential Upside
1.61
5.09
3.79
N/A
1.97
2.02
5.04
5.39
3.49
N/A
Treynor Ratio
(26.99)
3.54
0.5487
(11.57)
(2.62)
(0.96)
0.9584
(1.55)
0.8885
(0.12)
Maximum Drawdown
2.15
15.72
11.97
10.89
6.45
13.37
8.05
13.43
7.88
6.82
Variance
0.8438
7.99
4.18
3.18
1.38
2.94
5.38
5.61
2.89
1.15
Market Risk Adjusted Performance
(26.98)
3.55
0.5587
(11.56)
(2.61)
(0.95)
0.9684
(1.54)
0.8985
(0.11)
Risk Adjusted Performance
0.2382
0.1681
0.0511
0.1349
0.0574
0.0672
0.1596
0.1125
0.2435
(0)
Skewness
(0.08)
(0.02)
(0.48)
5.57
(1.76)
1.5
0.3884
0.3048
0.2307
2.04
Semi Deviation
N/A
2.16
1.76
N/A
N/A
1.01
1.51
1.5
0.8743
N/A
Information Ratio
0.2585
0.1996
0.0315
0.1433
0.0217
0.049
0.1839
0.1195
0.2914
(0.07)
Value At Risk
(1.27)
(3.98)
(2.84)
N/A
(0.21)
(2.53)
(2.81)
(4.66)
(1.73)
(0.81)
Expected Short fall
N/A
(2.59)
(2.03)
N/A
N/A
(2.47)
(2.28)
(3.48)
(1.75)
N/A
Downside Deviation
N/A
3.12
2.94
N/A
N/A
3.42
2.02
4.69
1.28
N/A
Semi Variance
N/A
4.68
3.1
N/A
N/A
1.02
2.27
2.24
0.7645
N/A

MEG Energy Competition Performance Charts

Five steps to successful analysis of MEG Energy Competition

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

In addition to having MEG 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.

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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 housing.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Other Consideration for investing in MEG Pink Sheet

If you are still planning to invest in MEG Energy Corp 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 MEG Energy's history and understand the potential risks before investing.
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