Myers Competitors
| MYE Stock | USD 21.72 0.68 3.04% |
Myers Industries vs American Eagle Correlation
Poor diversification
The correlation between Myers Industries and AEO is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Myers Industries and AEO in the same portfolio, assuming nothing else is changed.
Moving together with Myers Stock
| 0.91 | OI | O I Glass | PairCorr |
| 0.78 | ATR | AptarGroup | PairCorr |
| 0.92 | GEF | Greif Bros | PairCorr |
| 0.92 | SLGN | Silgan Holdings | PairCorr |
Moving against Myers Stock
| 0.86 | GRAB | Grab Holdings Earnings Call This Week | PairCorr |
| 0.82 | ADVWW | Advantage Solutions | PairCorr |
| 0.8 | GCMGW | GCM Grosvenor | PairCorr |
| 0.74 | MAPSW | WM Technology | PairCorr |
| 0.7 | NIO | Nio Class A Aggressive Push | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Myers Industries' 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.
Myers Industries Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Myers Industries 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 Myers 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 Myers Industries does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Myers Stock performing well and Myers Industries 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 Myers Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SON | 1.05 | 0.32 | 0.25 | 0.53 | 0.74 | 3.18 | 6.88 | |||
| YETI | 1.60 | 0.30 | 0.20 | 0.27 | 1.53 | 4.14 | 12.03 | |||
| LCII | 1.22 | 0.50 | 0.48 | 0.66 | 0.24 | 3.99 | 11.30 | |||
| COLM | 2.00 | 0.22 | 0.12 | 0.25 | 1.86 | 3.74 | 21.48 | |||
| ZGN | 1.96 | 0.04 | 0.01 | 0.13 | 3.03 | 3.59 | 17.11 | |||
| TPH | 1.46 | 0.13 | 0.10 | 0.19 | 1.33 | 5.16 | 11.56 | |||
| GRBK | 1.48 | 0.22 | 0.17 | 0.26 | 1.16 | 4.56 | 10.63 | |||
| PRKS | 2.15 | (0.06) | (0.01) | 0.04 | 2.49 | 4.75 | 15.13 | |||
| DAN | 1.83 | 0.54 | 0.33 | 0.41 | 1.16 | 5.01 | 13.40 | |||
| AEO | 2.34 | 0.47 | 0.20 | 0.43 | 2.04 | 5.78 | 19.55 |
Cross Equities Net Income Analysis
Compare Myers Industries and related stocks such as Sonoco Products, YETI Holdings, and LCI Industries Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SON | 49.4 M | 217.5 M | 195.3 M | 209.8 M | 225.9 M | 250.1 M | 286.4 M | 175.3 M | 313.6 M | 291.8 M | 207.5 M | (85.5 M) | 466.4 M | 475 M | 163.9 M | 188.5 M | 183.5 M |
| YETI | 7.3 M | 7.3 M | 7.3 M | 7.3 M | 14.2 M | 74.2 M | 48 M | 15.4 M | 57.8 M | 50.4 M | 155.8 M | 212.6 M | 89.7 M | 169.9 M | 175.7 M | 202 M | 212.1 M |
| LCII | 800 K | 30.1 M | 37.3 M | 50.1 M | 62.3 M | 74.3 M | 129.7 M | 132.9 M | 148.6 M | 146.5 M | 158.4 M | 287.7 M | 395 M | 64.2 M | 142.9 M | 164.3 M | 172.5 M |
| COLM | 39.3 M | 103.5 M | 99.9 M | 94.3 M | 137.2 M | 174.3 M | 191.9 M | 105.1 M | 268.3 M | 330.5 M | 108 M | 354.1 M | 311.4 M | 251.4 M | 223.3 M | 177.2 M | 158.6 M |
| ZGN | 37.7 M | 37.7 M | 37.7 M | 37.7 M | 37.7 M | 37.7 M | 37.7 M | 37.7 M | 37.7 M | 21.7 M | (50.6 M) | (136 M) | 51.5 M | 121.5 M | 77.1 M | 88.6 M | 93.1 M |
| TPH | (4.6 M) | (4.6 M) | 2.5 M | 15.4 M | 84.2 M | 205.5 M | 195.2 M | 187.2 M | 269.9 M | 207.2 M | 282.2 M | 469.3 M | 576.1 M | 343.7 M | 458 M | 526.7 M | 553.1 M |
| GRBK | (2.3 M) | (8.7 M) | (39.8 M) | (39.2 M) | 50 M | 15.3 M | 23.8 M | 15 M | 51.6 M | 58.7 M | 113.7 M | 190.2 M | 291.9 M | 284.6 M | 381.6 M | 438.8 M | 460.8 M |
| PRKS | 51.9 M | 51.9 M | 51.9 M | 51.9 M | 49.9 M | 49.1 M | (12.5 M) | (202.4 M) | 44.8 M | 89.5 M | (312.3 M) | 256.5 M | 291.2 M | 234.2 M | 227.5 M | 261.6 M | 274.7 M |
| DAN | 165.1 M | 219 M | 269 M | 244 M | 319 M | 159 M | 640 M | 111 M | 427 M | 226 M | (31 M) | 197 M | (242 M) | 38 M | (57 M) | (51.3 M) | (48.7 M) |
| AEO | 3.8 M | 151.7 M | 232.1 M | 83 M | 80.3 M | 218.1 M | 212.4 M | 204.2 M | 261.9 M | 191.3 M | (209.3 M) | 419.6 M | 125.1 M | 170 M | 329.4 M | 378.8 M | 397.7 M |
Myers Industries and related stocks such as Sonoco Products, YETI Holdings, and LCI Industries Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Myers Industries financial statement analysis. It represents the amount of money remaining after all of Myers Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Myers Industries Competitive Analysis
The better you understand Myers Industries competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Myers Industries' 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 Myers Industries' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Myers Industries Competition Performance Charts
Five steps to successful analysis of Myers Industries Competition
Myers Industries' 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 Myers Industries in relation to its competition. Myers Industries' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Myers Industries 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 Myers Industries' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Myers Industries, 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.
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Check out Myers Industries Correlation with its peers. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Will Metal, Glass & Plastic Containers sector continue expanding? Could Myers diversify its offerings? Factors like these will boost the valuation of Myers Industries. Expected growth trajectory for Myers significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Myers Industries data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.06) | Dividend Share 0.54 | Earnings Share 0.75 | Revenue Per Share | Quarterly Revenue Growth 0.002 |
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Myers Industries' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Myers Industries represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Myers Industries' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.