Mitek Competitors

Stocks . Germany . 
Stock . Mitek Systems
MKQ Stock  EUR 11.29  1.98  21.27%   
Mitek Systems competes with NVIDIA CORP, NVIDIA, NVIDIA, APPLE INC, and Apple; as well as few others. The company classifies itself under Software sector and is part of Information Technology industry. Analyzing Mitek Systems 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 Mitek Systems to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Mitek Systems Correlation with its peers.
For more detail on how to invest in Mitek Stock please use our How to Invest in Mitek Systems guide.

Mitek Systems vs Alphabet Correlation

Average diversification

The correlation between Mitek Systems and ABEA is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitek Systems and ABEA in the same portfolio, assuming nothing else is changed.

Moving together with Mitek Stock

  0.63PQ9 BANK MANDIRIPairCorr

Moving against Mitek Stock

  0.69BYRA BANK RAKYAT INDPairCorr
  0.68BZG2 BANK CENTRAL ASIAPairCorr
  0.63BZG2 PT Bank CentralPairCorr
  0.623HB Hybrigenics SocietePairCorr
  0.48777 EUROSPORTS GLOBAL LTDPairCorr
Hype
Prediction
LowEstimatedHigh
6.6711.2115.75
Details
Intrinsic
Valuation
LowRealHigh
5.7310.2714.81
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.170.180.19
Details

Mitek Systems Competition Correlation Matrix

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

High positive correlations

ABEA
+ 1.0
ABEC
ABEC
+ 0.99
ABEC
ABEA
+ 0.99
ABEC
ABEA
+ 0.99
ABEC
APC
+ 0.98
APC
ABEA
+ 0.98
ABEC
  

High negative correlations

ABEA
- 0.42
APC
ABEC
- 0.42
APC
ABEC
- 0.41
APC
ABEA
- 0.39
APC
ABEA
- 0.39
APC
ABEC
- 0.38
APC

Risk-Adjusted Indicators

There is a big difference between Mitek Stock performing well and Mitek Systems 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 Mitek Systems' 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
NVDG  2.12  0.03  0.00  0.14  2.72 
(2.39)
 4.88 
(5.13)
 17.14 
NVD  1.62 (0.05)(0.03) 0.00  2.18 
(1.63)
 3.40 
(4.02)
 12.71 
NVD  1.73 (0.12) 0.00 (0.06) 0.00 
 0.00 
 3.25 
(3.19)
 10.90 
APC8  1.17 (0.02) 0.00  0.14  0.00 
 0.00 
 2.66 
(2.59)
 7.08 
APC  1.00 (0.12) 0.00 (0.21) 0.00 
 0.00 
 2.18 
(2.11)
 7.96 
APC  1.01 (0.14) 0.00 (0.12) 0.00 
 0.00 
 2.26 
(2.51)
 9.28 
ABEC  1.34  0.10  0.04  0.41  1.30 
(1.70)
 3.49 
(2.46)
 7.76 
ABEC  1.33  0.08  0.04  0.20  1.29 
(1.49)
 3.42 
(2.30)
 7.95 
ABEA  1.39  0.08  0.03  0.28  1.47 
(1.55)
 3.30 
(2.46)
 9.71 
ABEA  1.34  0.10  0.04  0.38  1.35 
(1.60)
 3.43 
(2.46)
 8.07 

Mitek Systems Competitive Analysis

The better you understand Mitek Systems competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Mitek Systems' 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 Mitek Systems' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
MKQ NVDG NVD NVD APC8 APC APC ABEC ABEC ABEA
 21.27 
 11.29 
Mitek
 0.38 
 26.00 
NVIDIA
 2.55 
 154.58 
NVIDIA
 2.27 
 153.92 
NVIDIA
 4.24 
 22.60 
APPLE
 2.72 
 218.30 
Apple
 1.23 
 217.60 
Apple
 2.27 
 257.75 
Alphabet
 0.33 
 259.15 
Alphabet
 0.83 
 257.40 
Alphabet
Market Volatility
(90 Days Market Risk)
Slightly risky
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Good
Weak
Weakest
Weakest
Weakest
Weakest
Weakest
Soft
Soft
Soft
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Tiny
Low
Low
Low
Low
Tiny
Tiny
Tiny
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Over 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)
Cautious Hold
Strong Sell
Sell
Hold
Strong Sell
Hold
Strong Hold
Hold
Strong Hold
Hold
Current Ratio
N/A
N/A
N/A
5.8
N/A
N/A
1.06
N/A
3.15
3.15
Net Asset
459.11 M
N/A
111.6 B
111.6 B
N/A
359.24 B
359.24 B
595.32 B
595.28 B
595.28 B
Profit Margin
0.0867
0.53
0.53
0.53
0.27
0.27
0.27
0.33
0.33
0.33
EBITDA
40.04 M
112.7 B
86.14 B
112.7 B
152.9 B
144.43 B
152.9 B
180.71 B
150.18 B
150.18 B
Operating Margin
0.13
0.63
0.63
0.63
0.35
0.35
0.35
0.32
0.32
0.32
Current Valuation
484.01 M
3.7 T
3.7 T
3.7 T
3.18 T
3.18 T
3.18 T
3.06 T
3.06 T
3.06 T
Price To Book
2.6
36.45
37.5
37.34
41.64
43.13
42.99
8.91
8.96
8.9
Retained Earnings
(26.21 M)
N/A
68.04 B
68.04 B
N/A
(14.26 B)
(14.26 B)
324.08 B
324.06 B
324.06 B
Five Year Return
N/A
N/A
N/A
0.27
N/A
N/A
1.3
N/A
N/A
N/A
Beta
1.08
2.31
2.31
2.31
1.11
1.11
1.11
1.09
1.09
1.09
Number Of Employees
561
36 K
36 K
36 K
150 K
150 K
150 K
190.82 K
190.82 K
190.82 K
Shares Outstanding
45.32 M
140.69 B
24.3 B
24.3 B
136.91 B
14.68 B
14.68 B
5.44 B
5.44 B
5.82 B
Cash Flow From Operations
55.34 M
N/A
64.09 B
64.09 B
N/A
111.48 B
111.48 B
164.72 B
164.71 B
164.71 B
Annual Yield
N/A
2.0E-4
2.0E-4
2.0E-4
0.0041
0.004
0.004
0.0028
0.0027
0.0028
Total Debt
152.22 M
N/A
10.27 B
32.27 B
N/A
98.66 B
20.33 B
79.75 B
180.02 B
180.02 B
Return On Equity
0.0745
1.07
1.07
1.07
1.52
1.52
1.52
0.36
0.36
0.36
Return On Asset
0.0384
0.54
0.54
0.54
0.24
0.24
0.24
0.15
0.15
0.15
Book Value Per Share
4.35
4.12
4.12
4.12
5.05
5.05
5.05
28.95
28.95
28.95
Total Asset
459.11 M
N/A
111.6 B
111.6 B
N/A
359.24 B
359.24 B
595.32 B
595.28 B
595.28 B
Target Price
25.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
3159.08
Last Dividend Paid
N/A
0.04
0.04
0.04
1.03
1.03
1.03
0.83
0.83
0.83
Debt To Equity
N/A
N/A
N/A
0.6
N/A
N/A
2.11
N/A
0.12
0.12
Shares Owned By Institutions
78.95
N/A
69.82
69.82
N/A
65.48
65.48
61.24
61.24
80.91
Market Capitalization
518.51 M
3.87 T
3.76 T
3.75 T
3.26 T
3.2 T
3.19 T
3.12 T
3.13 T
3.11 T
Price To Earnings To Growth
1.4
0.69
0.71
0.71
2.26
2.34
2.33
2.32
2.33
2.32
Price To Earning
N/A
N/A
N/A
25.4
N/A
N/A
34.41
N/A
39.77
39.81
Price To Sales
2.78
20.69
20.11
20.06
7.49
7.36
7.33
7.74
7.78
7.73
Net Income
8.8 M
N/A
72.88 B
72.88 B
N/A
112.01 B
112.01 B
132.18 B
132.17 B
132.17 B
Earnings Per Share
0.29
0.59
3.4
3.4
0.71
6.66
6.66
9.1
9.1
9.11
Shares Owned By Insiders
2.56
N/A
4.33
4.33
N/A
1.71
1.71
6.64
6.64
0.57
Revenue
179.69 M
187.14 B
130.5 B
130.5 B
435.62 B
416.16 B
416.16 B
402.99 B
402.84 B
402.84 B
Working Capital
39.46 M
N/A
62.08 B
62.08 B
N/A
(17.67 B)
(17.67 B)
103.29 B
103.29 B
103.29 B
Cash And Equivalents
N/A
N/A
N/A
19.65 B
N/A
N/A
61.7 B
N/A
135.86 B
135.86 B
Cash Per Share
N/A
N/A
N/A
7.86
N/A
N/A
3.73
N/A
203.77
203.77
Gross Profit
157.43 M
131.09 B
131.09 B
131.09 B
206.16 B
206.16 B
206.16 B
240.3 B
240.3 B
240.3 B
Day Typical Price
10.81
26.0
155.68
155.54
22.6
219.53
219.08
258.67
259.03
258.37
Accumulation Distribution
0.13
N/A
0.0321
0.0306
N/A
0.0193
0.02
0.0197
0.0144
0.0165
Market Facilitation Index
1.45
N/A
5.1
4.86
N/A
4.3
4.45
5.15
3.75
4.3
Daily Balance Of Power
1.365517
0
(0.79)
(0.74)
0
(1.42)
(0.61)
(1.17)
(0.23)
(0.50)
Period Momentum Indicator
1.98
(0.10)
(4.04)
(3.58)
(1.00)
(6.10)
(2.70)
(6.00)
(0.85)
(2.15)
Rate Of Daily Change
1.21
1.0
0.97
0.98
0.96
0.97
0.99
0.98
1.0
0.99
Day Median Price
10.57
26.0
156.23
156.35
22.6
220.15
219.83
259.13
258.98
258.85
Price Action Indicator
1.71
(0.05)
(3.67)
(4.22)
(0.50)
(4.90)
(3.58)
(4.37)
(0.25)
(2.53)
Coefficient Of Variation
703.02
4457.89
24868.15
(4,458)
(7,750)
(1,642)
(1,759)
1360.49
1304.41
1542.34
Mean Deviation
2.7
2.12
1.62
1.73
1.17
0.9993
1.01
1.34
1.33
1.39
Jensen Alpha
0.6033
0.0323
(0.05)
(0.12)
(0.02)
(0.12)
(0.14)
0.0992
0.085
0.0843
Total Risk Alpha
0.2919
(0.16)
(0.17)
(0.23)
(0.16)
(0.20)
(0.20)
(0.01)
(0.01)
(0.03)
Sortino Ratio
0.1869
(0)
(0.03)
N/A
N/A
N/A
N/A
0.0393
0.0429
0.0304
Downside Variance
9.04
8.69
5.45
N/A
N/A
N/A
N/A
2.04
2.03
2.44
Standard Deviation
4.44
2.92
2.21
2.31
1.73
1.37
1.45
1.72
1.71
1.81
Kurtosis
8.14
1.34
1.58
2.47
1.65
1.15
2.62
0.1175
0.9007
1.42
Potential Upside
5.96
4.88
3.4
3.25
2.66
2.18
2.26
3.49
3.42
3.3
Treynor Ratio
2.02
0.1435
(0)
(0.06)
0.1446
(0.21)
(0.12)
0.4119
0.2013
0.2782
Maximum Drawdown
22.03
17.14
12.71
10.9
7.08
7.96
9.28
7.76
7.95
9.71
Variance
19.73
8.53
4.9
5.32
3.01
1.89
2.11
2.94
2.92
3.28
Market Risk Adjusted Performance
2.03
0.1535
0.0086
(0.05)
0.1546
(0.20)
(0.11)
0.4219
0.2113
0.2882
Risk Adjusted Performance
0.123
0.0253
0.0096
(0.01)
(0.01)
(0.05)
(0.04)
0.0646
0.0671
0.0579
Skewness
2.22
0.0243
0.3464
0.9934
0.7431
(0.17)
(0.19)
0.5517
0.8079
0.7495
Semi Deviation
2.5
2.72
2.18
N/A
N/A
N/A
N/A
1.3
1.29
1.47
Information Ratio
0.1265
(0)
(0.03)
(0.05)
(0.05)
(0.11)
(0.11)
0.0327
0.0357
0.0262
Value At Risk
(5.05)
(5.13)
(4.02)
(3.19)
(2.59)
(2.11)
(2.51)
(2.46)
(2.30)
(2.46)
Expected Short fall
(3.36)
(2.39)
(1.63)
N/A
N/A
N/A
N/A
(1.70)
(1.49)
(1.55)
Downside Deviation
3.01
2.95
2.33
N/A
N/A
N/A
N/A
1.43
1.42
1.56
Semi Variance
6.26
7.38
4.76
N/A
N/A
N/A
N/A
1.7
1.67
2.17

Mitek Systems Competition Performance Charts

Five steps to successful analysis of Mitek Systems Competition

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

In addition to having Mitek Systems 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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Heavy Metals Theme
Companies involved in mining, production, and distribution of various industrial metals and minerals. The Heavy Metals theme has 47 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 Heavy Metals Theme or any other thematic opportunities.
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When determining whether Mitek Systems 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 Mitek 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 Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
How To Invest In Mitek
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Is Mitek Stock a good investment?
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What is Mitek Systems' Net Worth?
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Largest Application Software Companies
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Largest Software - Application Companies
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Check out Mitek Systems Correlation with its peers.
For more detail on how to invest in Mitek Stock please use our How to Invest in Mitek Systems guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
Understanding that Mitek Systems' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Mitek Systems represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Mitek Systems' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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