NEC Competition
NEC competes with Staked Ether, EigenLayer, Morpho, and DIA; as well as few others. The company operates under Blockchain sector and is part of Cryptocurrency industry. Analyzing NEC 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 NEC to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in employment.
NEC vs EM Correlation
NEC Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NEC and its competitors represents the degree of relationship between the price movements of corresponding cryptos. A correlation of about +1.0 implies that the price of NEC 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 NEC does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between NEC Crypto Coin performing well and NEC Cryptocurrency 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 NEC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCD | 6.05 | (0.45) | 0.00 | (0.17) | 0.00 | 16.79 | 45.53 | |||
| STETH | 2.49 | (0.40) | 0.00 | (4.38) | 0.00 | 6.45 | 20.42 | |||
| EIGEN | 4.41 | (1.66) | 0.00 | 4.13 | 0.00 | 9.09 | 30.00 | |||
| EOSDAC | 4.00 | (1.49) | 0.00 | 1.36 | 0.00 | 6.33 | 20.39 | |||
| BLZ | 4.91 | (0.34) | 0.00 | (0.26) | 0.00 | 20.81 | 40.95 | |||
| MORPHO | 3.54 | (0.63) | 0.00 | (1.30) | 0.00 | 6.98 | 25.26 | |||
| DIA | 4.68 | (0.31) | 0.00 | 0.27 | 0.00 | 11.11 | 61.73 | |||
| EM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
NEC Competitive Analysis
The better you understand NEC competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NEC'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 NEC'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 |
| CCD | STETH | EIGEN | EOSDAC | BLZ | MORPHO | DIA | EM | |
| 7.03 0.01 Concordium | 0.80 2,926 Staked | 3.03 0.32 EigenLayer | 78.64 0.000063 EOSDAC | 1.84 0.02 BLZ | 4.20 1.24 Morpho | 3.70 0.26 DIA | 0.00 0.00008 EM | Market Volatility (90 Days Market Risk) |
| Market Performance (90 Days Performance) | ||||||||
| Odds of Financial Distress (Probability Of Bankruptcy) | ||||||||
| Current Valuation (Equity Enterprise Value) | ||||||||
| Buy or Sell Advice (Average Analysts Consensus) | ||||||||
Trade Advice (90 Days Macroaxis Advice) | ||||||||
| Day Typical Price | ||||||||
| Accumulation Distribution | ||||||||
| Market Facilitation Index | ||||||||
| Daily Balance Of Power | ||||||||
| Period Momentum Indicator | ||||||||
| Rate Of Daily Change | ||||||||
| Day Median Price | ||||||||
| Price Action Indicator | ||||||||
| Relative Strength Index | ||||||||
| Coefficient Of Variation | ||||||||
| Mean Deviation | ||||||||
| Jensen Alpha | ||||||||
| Total Risk Alpha | ||||||||
| Standard Deviation | ||||||||
| Kurtosis | ||||||||
| Potential Upside | ||||||||
| Treynor Ratio | ||||||||
| Maximum Drawdown | ||||||||
| Variance | ||||||||
| Market Risk Adjusted Performance | ||||||||
| Risk Adjusted Performance | ||||||||
| Skewness | ||||||||
| Information Ratio | ||||||||
| Value At Risk |
NEC Competition Performance Charts
Five steps to successful analysis of NEC Competition
NEC'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 NEC in relation to its competition. NEC's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of NEC 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 NEC's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NEC, 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 NEC position
In addition to having NEC 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 Cleaning Thematic Idea Now
Cleaning
Compnanies producing and distributing cleaning products, supplies, and accessories. The Cleaning theme has 24 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 Cleaning Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Other Tools for NEC Crypto Coin
When running NEC's price analysis, check to measure NEC's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy NEC is operating at the current time. Most of NEC's value examination focuses on studying past and present price actions to predict the probability of NEC's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move NEC's coin price. Additionally, you may evaluate how adding NEC to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |