NGL Competitors
| NGL Stock | USD 11.96 0.17 1.40% |
NGL Energy vs Nixxy Correlation
Pay attention - limited upside
The correlation between NGL Energy Partners and NIXX is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NGL Energy Partners and NIXX in the same portfolio, assuming nothing else is changed.
Moving together with NGL Stock
| 0.83 | ET | Energy Transfer LP Earnings Call This Week | PairCorr |
| 0.82 | P5P | Pembina Pipeline Corp | PairCorr |
| 0.84 | EPD | Enterprise Products | PairCorr |
| 0.77 | GLP | Global Partners LP | PairCorr |
Moving against NGL Stock
Return On Tangible Assets is expected to rise to 0.01 this year. Return On Capital Employed is expected to rise to 0.10 this year. At this time, NGL Energy's Other Current Assets are quite stable compared to the past year. Total Current Assets is expected to rise to about 1.1 B this year, although the value of Non Current Assets Total will most likely fall to about 3.5 B.NGL Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NGL Energy 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 NGL 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 NGL Energy Partners 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 NGL Stock performing well and NGL Energy 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 NGL Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSHG | 2.42 | (0.08) | 0.00 | (0.03) | 0.00 | 5.19 | 16.86 | |||
| PXS | 2.06 | 0.44 | 0.16 | 1.43 | 1.91 | 7.82 | 15.02 | |||
| VNTG | 2.77 | 0.11 | (0.01) | (0.08) | 3.31 | 6.93 | 22.86 | |||
| NCT | 5.77 | (1.96) | 0.00 | (2.96) | 0.00 | 10.53 | 46.11 | |||
| GLBS | 2.93 | 0.69 | 0.13 | (55.42) | 2.81 | 12.58 | 26.30 | |||
| CTRM | 2.85 | 0.16 | 0.04 | 0.22 | 3.51 | 8.37 | 22.85 | |||
| XTIA | 4.59 | 0.27 | 0.06 | 0.35 | 4.36 | 12.33 | 25.06 | |||
| SIDU | 12.23 | 2.30 | 0.25 | 0.76 | 9.23 | 34.88 | 125.36 | |||
| EHLD | 0.91 | (0.16) | 0.00 | 6.19 | 0.00 | 1.89 | 9.31 | |||
| NIXX | 4.15 | (1.46) | 0.00 | (0.60) | 0.00 | 7.27 | 36.41 |
Cross Equities Net Income Analysis
Compare NGL Energy Partners and related stocks such as Performance Shipping, Pyxis Tankers, and Vantage Corp Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PSHG | (2 M) | 3.6 M | 6 M | (57.3 M) | 3.2 M | (17.5 M) | (149 M) | 3.8 M | (52.9 M) | (32.1 M) | 3.8 M | (9.7 M) | 36.3 M | 69.4 M | 43.7 M | 50.3 M | 52.8 M |
| PXS | 1.2 M | 1.2 M | 1.2 M | 1.6 M | (19.2 M) | 3.5 M | (5.8 M) | (5.2 M) | (8.2 M) | (14.1 M) | (11.5 M) | (15.6 M) | 13.4 M | 37 M | 12.9 M | 14.8 M | 15.5 M |
| VNTG | 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 | 5.9 M | 5.9 M | 5.9 M | 5.9 M | 5 M | 3.8 M | 3.5 M | 3.9 M |
| NCT | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 8.5 M | 10.9 M | 3.1 M | 3.1 M | 2.8 M | 2.7 M |
| GLBS | 42.8 M | 6.9 M | (82.8 M) | 5.7 M | 3.2 M | (32.4 M) | (9.8 M) | (6.5 M) | (3.6 M) | (36.4 M) | (17.4 M) | 14.9 M | 24.3 M | 5.3 M | 431 K | 495.6 K | 520.4 K |
| CTRM | 878.6 K | 878.6 K | 878.6 K | 878.6 K | 878.6 K | 878.6 K | 878.6 K | 878.6 K | 980.9 K | 1.1 M | (1.8 M) | 52.3 M | 118.6 M | 38.6 M | 14.6 M | 16.8 M | 31 M |
| XTIA | (27.1 M) | (27.1 M) | (27.1 M) | (27.1 M) | (27.1 M) | (27.1 M) | (27.1 M) | (35 M) | (24.6 M) | (34 M) | (29.2 M) | (69.2 M) | (63.4 M) | (45.9 M) | (35.6 M) | (32 M) | (33.6 M) |
| SIDU | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.5 M) | (3.8 M) | (12.8 M) | (14.3 M) | (17.5 M) | (15.8 M) | (15 M) |
| EHLD | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 14 M | 2.4 M | 3.8 M | 3.4 M | 5.4 M |
| NIXX | 800 K | (24.9 K) | (1.1 M) | (3.9 M) | 1.1 M | (306 K) | (443 K) | (472 K) | (11.8 M) | (11.8 M) | (17 M) | (16.3 M) | (16.5 M) | (6.7 M) | (22.6 M) | (20.3 M) | (19.3 M) |
NGL Energy Partners and related stocks such as Performance Shipping, Pyxis Tankers, and Vantage Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in NGL Energy Partners financial statement analysis. It represents the amount of money remaining after all of NGL Energy Partners operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.NGL Energy Competitive Analysis
The better you understand NGL Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NGL Energy'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 NGL Energy'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 |
NGL Energy Competition Performance Charts
Five steps to successful analysis of NGL Energy Competition
NGL Energy'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 NGL Energy Partners in relation to its competition. NGL Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of NGL Energy 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 NGL Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NGL Energy Partners, 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 NGL Energy position
In addition to having NGL Energy 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 Tech Funds Thematic Idea Now
Tech Funds
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 48 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 Tech Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Check out NGL Energy Correlation with its peers. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Oil & Gas Storage & Transportation 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 NGL Energy. Anticipated expansion of NGL directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive NGL Energy assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.60) | Earnings Share (0.26) | Revenue Per Share | Quarterly Revenue Growth 0.068 | Return On Assets |
Investors evaluate NGL Energy Partners using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating NGL Energy's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause NGL Energy's market price to deviate significantly from intrinsic value.
It's important to distinguish between NGL Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NGL Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, NGL Energy's market price signifies the transaction level at which participants voluntarily complete trades.