McGrath Competitors
| MGRC Stock | USD 115.24 0.40 0.35% |
McGrath RentCorp vs ABM Industries Correlation
Poor diversification
The correlation between McGrath RentCorp and ABM is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding McGrath RentCorp and ABM in the same portfolio, assuming nothing else is changed.
Moving together with McGrath Stock
| 0.9 | AL | Air Lease Sell-off Trend | PairCorr |
| 0.82 | DSGR | Distribution Solutions | PairCorr |
| 0.9 | WLFC | Willis Lease Finance | PairCorr |
| 0.83 | FTAI | FTAI Aviation Earnings Call This Week | PairCorr |
Moving against McGrath Stock
The current year's Return On Capital Employed is expected to grow to 0.15, whereas Return On Tangible Assets are forecasted to decline to 0.08. At present, McGrath RentCorp's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 64.1 M, whereas Net Tangible Assets are forecasted to decline to about 506.2 M.McGrath RentCorp Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between McGrath RentCorp 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 McGrath 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 McGrath RentCorp does not affect the price movement of the other competitor.
| 0.58 | 0.65 | -0.41 | 0.62 | 0.5 | TRTN-PC | ||
| 0.58 | 0.81 | 0.19 | 0.92 | 0.65 | FTAI | ||
| 0.65 | 0.81 | -0.03 | 0.85 | 0.73 | CAAP | ||
| -0.41 | 0.19 | -0.03 | 0.25 | 0.14 | HAFN | ||
| 0.62 | 0.92 | 0.85 | 0.25 | 0.74 | AZZ | ||
| 0.5 | 0.65 | 0.73 | 0.14 | 0.74 | ABM | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between McGrath Stock performing well and McGrath RentCorp 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 McGrath RentCorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRTN-PC | 0.31 | 0.03 | (0.08) | 0.67 | 0.44 | 0.68 | 2.46 | |||
| FTAI | 2.41 | 0.78 | 0.27 | 1.03 | 2.18 | 6.00 | 22.10 | |||
| CAAP | 1.55 | 0.30 | 0.17 | 0.37 | 1.45 | 4.22 | 8.44 | |||
| HAFN | 1.43 | 0.14 | 0.03 | (2.40) | 1.68 | 2.83 | 8.51 | |||
| AZZ | 1.23 | 0.42 | 0.38 | 0.50 | 0.68 | 3.25 | 8.55 | |||
| ABM | 1.25 | 0.17 | 0.04 | 0.81 | 2.29 | 2.57 | 15.37 |
Cross Equities Net Income Analysis
Compare McGrath RentCorp and related stocks such as Triton International, FTAI Aviation, and Corporacion America Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FTAI | 2.2 M | 2.2 M | 2.2 M | 24.8 M | 7.8 M | (11.8 M) | (20.1 M) | 134 K | 5.9 M | 225.1 M | (88.5 M) | (104.2 M) | (193.2 M) | 243.8 M | 8.7 M | 10 M | 8.5 M |
| CAAP | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 105.5 M | 33.8 M | 63.5 M | 7.1 M | (5.8 M) | (361.9 M) | (159.8 M) | 168.2 M | 239.5 M | 282.7 M | 325.1 M | 341.3 M |
| HAFN | (186.6 M) | (186.6 M) | (186.6 M) | (186.6 M) | (186.6 M) | (186.6 M) | (186.6 M) | 3 M | (19.8 M) | 71.7 M | 148.8 M | (55.5 M) | 751.6 M | 793.3 M | 774 M | 890.1 M | 934.6 M |
| AZZ | (8 M) | 60.5 M | 60.5 M | 59.6 M | 64.9 M | 60.9 M | 60.9 M | 45.2 M | 51.2 M | 39.6 M | 39.6 M | 84 M | (53 M) | 128.8 M | 128.8 M | 101.6 M | 106.7 M |
| ABM | 5 M | 62.6 M | 72.9 M | 75.6 M | 76.3 M | 57.2 M | 3.8 M | 97.8 M | 127.4 M | 200 K | 126.3 M | 230.4 M | 251.3 M | 81.4 M | 162.4 M | 186.8 M | 196.1 M |
McGrath RentCorp and related stocks such as Triton International, FTAI Aviation, and Corporacion America Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in McGrath RentCorp financial statement analysis. It represents the amount of money remaining after all of McGrath RentCorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.McGrath RentCorp Competitive Analysis
The better you understand McGrath RentCorp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, McGrath RentCorp'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 McGrath RentCorp'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 |
McGrath RentCorp Competition Performance Charts
Five steps to successful analysis of McGrath RentCorp Competition
McGrath RentCorp'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 McGrath RentCorp in relation to its competition. McGrath RentCorp's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of McGrath RentCorp 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 McGrath RentCorp's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to McGrath RentCorp, 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 McGrath RentCorp position
In addition to having McGrath RentCorp 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 Corporate Bonds Funds Thematic Idea Now
Corporate Bonds Funds
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds Funds theme has 37 constituents at this time.
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Check out McGrath RentCorp Correlation with its peers. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Will Trading Companies & Distributors sector continue expanding? Could McGrath diversify its offerings? Factors like these will boost the valuation of McGrath RentCorp. Expected growth trajectory for McGrath significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every McGrath RentCorp data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.72) | Dividend Share 1.93 | Earnings Share 5.88 | Revenue Per Share | Quarterly Revenue Growth (0.04) |
Understanding McGrath RentCorp requires distinguishing between market price and book value, where the latter reflects McGrath's accounting equity. The concept of intrinsic value - what McGrath RentCorp's 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 McGrath RentCorp's price substantially above or below its fundamental value.
Understanding that McGrath RentCorp's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether McGrath RentCorp represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, McGrath RentCorp's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.