Myriad Competitors
| MYGN Stock | USD 15.71 0.22 1.42% |
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Myriad Genetics Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Myriad Genetics 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 Myriad 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 Myriad Genetics does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Myriad Stock performing well and Myriad Genetics 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 Myriad Genetics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GH | 2.84 | 0.09 | 0.06 | 0.17 | 2.83 | 7.53 | 17.48 | |||
| CDNA | 2.52 | (0.50) | 0.00 | (0.40) | 0.00 | 4.05 | 24.22 | |||
| CSTL | 2.49 | 0.00 | 0.02 | 0.12 | 2.81 | 5.90 | 19.49 | |||
| SHC | 1.71 | (0.40) | 0.00 | (0.17) | 0.00 | 3.45 | 13.40 | |||
| SYNH | 0.67 | 0.12 | (0.02) | (0.57) | 0.85 | 2.13 | 9.20 | |||
| NEOG | 2.11 | (0.30) | 0.00 | (0.04) | 0.00 | 4.11 | 11.75 | |||
| RDNT | 2.00 | 0.24 | 0.13 | 0.28 | 1.84 | 3.77 | 22.33 | |||
| NTRA | 2.31 | 0.39 | 0.15 | 0.49 | 2.25 | 4.30 | 25.26 | |||
| MEDP | 2.03 | (0.43) | 0.00 | (0.08) | 0.00 | 3.53 | 16.64 |
Cross Equities Net Income Analysis
Compare Myriad Genetics and related stocks such as Guardant Health, Caredx Inc, and Castle Biosciences Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GH | (46.1 M) | (46.1 M) | (46.1 M) | (46.1 M) | (46.1 M) | (46.1 M) | (46.1 M) | (83.2 M) | (85.1 M) | (67.9 M) | (246.3 M) | (384.8 M) | (654.6 M) | (479.4 M) | (455.5 M) |
| CDNA | (5.1 M) | (5.1 M) | (5.1 M) | (3.5 M) | 781 K | (13.7 M) | (39.5 M) | (55.5 M) | (46.8 M) | (22 M) | (18.7 M) | (30.7 M) | (76.6 M) | (190.3 M) | (180.8 M) |
| CSTL | (12.4 M) | (12.4 M) | (12.4 M) | (12.4 M) | (12.4 M) | (12.4 M) | (12.4 M) | (12.4 M) | (6.4 M) | 5.3 M | (10.3 M) | (31.3 M) | (67.1 M) | (57.5 M) | (54.6 M) |
| SHC | (5.9 M) | (5.9 M) | (5.9 M) | (5.9 M) | (5.9 M) | (5.9 M) | (5.9 M) | (5.9 M) | (5.9 M) | (20.4 M) | (37.5 M) | 116.9 M | (233.6 M) | 51.4 M | 53.9 M |
| NEOG | (1.1 M) | 22.5 M | 27.2 M | 28.2 M | 33.5 M | 36.6 M | 43.8 M | 63.1 M | 60.2 M | 59.5 M | 60.9 M | 48.3 M | (22.9 M) | (9.4 M) | (8.9 M) |
| RDNT | (61.4 M) | 7.2 M | 64.5 M | 2.1 M | 1.4 M | 7.7 M | 7.2 M | 53 K | 32.2 M | 23.4 M | (1.7 M) | 44.3 M | 33.6 M | 3 M | 2.1 M |
| NTRA | (76.2 M) | (76.2 M) | (76.2 M) | (37.1 M) | (5.2 M) | (70.3 M) | (95.8 M) | (136.3 M) | (128.2 M) | (124.8 M) | (229.7 M) | (471.7 M) | (547.8 M) | (434.8 M) | (413.1 M) |
| MEDP | 24.8 M | 24.8 M | 24.8 M | 24.8 M | (15.6 M) | (8.7 M) | 13.4 M | 39.1 M | 73.2 M | 100.4 M | 144.9 M | 181.4 M | 245.2 M | 282.8 M | 297 M |
| PSNL | (23.6 M) | (23.6 M) | (23.6 M) | (23.6 M) | (23.6 M) | (23.6 M) | (23.6 M) | (23.6 M) | (19.9 M) | (25.1 M) | (41.3 M) | (65.2 M) | (113.3 M) | (108.3 M) | (102.9 M) |
| QGEN | 2.4 M | 96 M | 129.5 M | 69.1 M | 116.6 M | 127.1 M | 80.4 M | 40.4 M | 190.4 M | (41.5 M) | 73.6 M | 512.6 M | 423.2 M | 341.3 M | 358.4 M |
| ACRS | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (8.5 M) | (20.6 M) | (48.1 M) | (68.5 M) | (132.7 M) | (142.8 M) | (51.2 M) | (114.3 M) | (88.7 M) | (88.5 M) | (92.9 M) |
| EXAS | (3.6 M) | (28.7 M) | (52.4 M) | (46.5 M) | (100 M) | (157.8 M) | (167.2 M) | (114.4 M) | (175.1 M) | (84 M) | (848.5 M) | (595.6 M) | (623.5 M) | (204.1 M) | (214.4 M) |
| ILMN | (5.5 M) | 86.6 M | 151.3 M | 125.3 M | 353.4 M | 461.6 M | 462.6 M | 726 M | 826 M | 1 B | 656 M | 762 M | (4.4 B) | (1.2 B) | (1.1 B) |
| TWST | (44.1 M) | (44.1 M) | (44.1 M) | (44.1 M) | (44.1 M) | (44.1 M) | (59.3 M) | (71.2 M) | (107.7 M) | (139.9 M) | (152.1 M) | (217.9 M) | (204.6 M) | (208.7 M) | (219.2 M) |
Myriad Genetics and related stocks such as Guardant Health, Caredx Inc, and Castle Biosciences Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Myriad Genetics financial statement analysis. It represents the amount of money remaining after all of Myriad Genetics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Myriad Genetics Competitive Analysis
The better you understand Myriad Genetics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Myriad Genetics' 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 Myriad Genetics' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Myriad Genetics Competition Performance Charts
Five steps to successful analysis of Myriad Genetics Competition
Myriad Genetics' 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 Myriad Genetics in relation to its competition. Myriad Genetics' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Myriad Genetics 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 Myriad Genetics' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Myriad Genetics, 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 Myriad Genetics position
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Latest Gainers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 225 constituents at this time.
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Check out Myriad Genetics Correlation with its peers. To learn how to invest in Myriad Stock, please use our How to Invest in Myriad Genetics guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myriad Genetics. If investors know Myriad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myriad Genetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.28) | Revenue Per Share 9.205 | Quarterly Revenue Growth 0.112 | Return On Assets (0.05) | Return On Equity (0.16) |
The market value of Myriad Genetics is measured differently than its book value, which is the value of Myriad that is recorded on the company's balance sheet. Investors also form their own opinion of Myriad Genetics' value that differs from its market value or its book value, called intrinsic value, which is Myriad Genetics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myriad Genetics' market value can be influenced by many factors that don't directly affect Myriad Genetics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myriad Genetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myriad Genetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myriad Genetics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.