Myomo Competitors
| MYO Stock | USD 0.87 0.03 3.57% |
Myomo vs India Globalization Correlation
Good diversification
The correlation between Myomo Inc and IGC is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Myomo Inc and IGC in the same portfolio, assuming nothing else is changed.
Moving against Myomo Stock
| 0.52 | BKRKY | Bank Rakyat | PairCorr |
| 0.41 | MASI | Masimo | PairCorr |
| 0.38 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.37 | AHC | Austco Healthcare | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Myomo'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.
Myomo Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Myomo 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 Myomo 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 Myomo Inc 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 Myomo Stock performing well and Myomo 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 Myomo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MODD | 4.68 | (0.03) | 0.00 | 0.06 | 0.00 | 10.42 | 45.40 | |||
| HYPD | 6.24 | (1.08) | 0.00 | (0.41) | 0.00 | 13.58 | 34.90 | |||
| RBOT | 4.81 | (1.35) | 0.00 | (0.47) | 0.00 | 11.90 | 36.01 | |||
| POCI | 1.99 | 0.26 | 0.10 | 0.25 | 2.30 | 3.68 | 27.89 | |||
| NMTC | 3.62 | 0.11 | 0.04 | 0.08 | 3.81 | 9.59 | 23.46 | |||
| MIRA | 2.23 | (0.44) | 0.00 | (0.76) | 0.00 | 3.25 | 15.08 | |||
| ECOR | 3.91 | 0.51 | 0.14 | 0.26 | 3.69 | 10.17 | 31.20 | |||
| MLSS | 3.42 | (0.68) | 0.00 | (0.76) | 0.00 | 7.41 | 23.59 | |||
| NXL | 3.95 | (1.40) | 0.00 | (0.45) | 0.00 | 7.92 | 27.45 | |||
| IGC | 2.72 | (0.64) | 0.00 | (0.60) | 0.00 | 6.06 | 25.10 |
Cross Equities Net Income Analysis
Compare Myomo Inc and related stocks such as Modular Medical, Hyperion DeFi, and Vicarious Surgical Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MODD | (30 K) | (17.5 K) | (20.8 K) | (22.8 K) | (31 K) | (31.1 K) | (106.6 K) | (106.6 K) | (2.5 M) | (5.3 M) | (7.4 M) | (18.6 M) | (13.9 M) | (17.5 M) | (18.8 M) | (16.9 M) | (16.1 M) |
| HYPD | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (19.8 M) | (12.8 M) | (28 M) | (27.3 M) | (49.8 M) | (44.8 M) | (42.6 M) |
| RBOT | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (12.9 M) | (35.2 M) | 5.2 M | (71.1 M) | (63.2 M) | (56.9 M) | (54.1 M) |
| POCI | 200 K | 961 K | (1.8 M) | (1.2 M) | (1.2 M) | (1 M) | (1 M) | (351.4 K) | (614.9 K) | (1.4 M) | (102.8 K) | (928.4 K) | (144.6 K) | (3 M) | (5.8 M) | (5.2 M) | (4.9 M) |
| NMTC | (6 K) | (14 K) | (14 K) | (30.6 K) | (36.2 K) | (62.9 K) | (47.8 K) | (6.8 M) | (6.8 M) | (13.6 M) | (9.9 M) | (10 M) | (11.9 M) | (12.3 M) | (3.6 M) | (3.2 M) | (3.4 M) |
| MIRA | (68 K) | (68 K) | (68 K) | (68 K) | (68 K) | (68 K) | (68 K) | (68 K) | (68 K) | (68 K) | (68 K) | (2.2 M) | (7.1 M) | (12 M) | (7.9 M) | (7.1 M) | (7.4 M) |
| ECOR | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (35.8 M) | (55.8 M) | (45.1 M) | (23.5 M) | (17.2 M) | (22.2 M) | (18.8 M) | (11.9 M) | (13.7 M) | (14.4 M) |
| MLSS | (1.9 M) | (1.5 M) | (870.3 K) | 1.5 M | (1.7 M) | (5.5 M) | (5.9 M) | (5.2 M) | (7.4 M) | (7.5 M) | (7.3 M) | (6.8 M) | (8.7 M) | (6.9 M) | (4.7 M) | (4.2 M) | (4.5 M) |
| NXL | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (5 M) | (3.4 M) | (6.1 M) | (1.7 M) | (4.6 M) | (7.6 M) | (6.8 M) | (7.2 M) |
| IGC | 91.9 K | (7.8 M) | (2.3 M) | (3 M) | (4.6 M) | (2.8 M) | (1.9 M) | (1.8 M) | (4.1 M) | (7.3 M) | (8.8 M) | (15 M) | (11.5 M) | (13 M) | (7.1 M) | (6.4 M) | (6.7 M) |
Myomo Inc and related stocks such as Modular Medical, Hyperion DeFi, and Vicarious Surgical Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Myomo Inc financial statement analysis. It represents the amount of money remaining after all of Myomo Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Myomo Competitive Analysis
The better you understand Myomo competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Myomo'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 Myomo'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 |
Myomo Competition Performance Charts
Five steps to successful analysis of Myomo Competition
Myomo'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 Myomo Inc in relation to its competition. Myomo's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Myomo 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 Myomo's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Myomo Inc, 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 Myomo Correlation with its peers. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Will Health Care Equipment & Supplies sector continue expanding? Could Myomo diversify its offerings? Factors like these will boost the valuation of Myomo. Expected growth trajectory for Myomo significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Myomo data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (0.28) | Revenue Per Share | Quarterly Revenue Growth 0.096 | Return On Assets | Return On Equity |
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Myomo's market value can be influenced by many factors that don't directly affect Myomo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Myomo's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Myomo represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Myomo's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.