NH3 Competitors
| NH3 Stock | 0.07 0 3.95% |
NH3 Clean vs Bell Financial Correlation
Excellent diversification
The correlation between NH3 Clean Energy and BFG is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NH3 Clean Energy and BFG in the same portfolio, assuming nothing else is changed.
Moving against NH3 Stock
NH3 Clean Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NH3 Clean 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 NH3 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 NH3 Clean Energy does not affect the price movement of the other competitor.
| -0.32 | 0.76 | -0.86 | 0.01 | 0.78 | WBCPM | ||
| -0.32 | -0.32 | 0.27 | 0.54 | -0.25 | DXC | ||
| 0.76 | -0.32 | -0.59 | 0.17 | 0.71 | IAGPF | ||
| -0.86 | 0.27 | -0.59 | 0.24 | -0.52 | AAC | ||
| 0.01 | 0.54 | 0.17 | 0.24 | 0.19 | FNX | ||
| 0.78 | -0.25 | 0.71 | -0.52 | 0.19 | BFG | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NH3 Stock performing well and NH3 Clean 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 NH3 Clean'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WBCPM | 0.17 | 0.02 | (0.29) | (6.99) | 0.08 | 0.38 | 0.94 | |||
| DXC | 0.88 | (0.04) | (0.07) | 0.01 | 0.93 | 1.79 | 8.23 | |||
| IAGPF | 0.29 | 0.02 | (0.11) | (0.51) | 0.39 | 0.84 | 2.85 | |||
| AAC | 1.02 | (0.07) | 0.00 | (0.25) | 0.00 | 2.22 | 5.84 | |||
| FNX | 0.34 | 0.09 | 0.00 | (0.88) | 0.00 | 0.00 | 11.15 | |||
| BFG | 1.48 | 0.33 | 0.16 | 0.89 | 1.23 | 4.07 | 11.36 |
NH3 Clean Competitive Analysis
The better you understand NH3 Clean competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NH3 Clean'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 NH3 Clean'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 |
NH3 Clean Competition Performance Charts
Five steps to successful analysis of NH3 Clean Competition
NH3 Clean'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 NH3 Clean Energy in relation to its competition. NH3 Clean's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of NH3 Clean 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 NH3 Clean's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NH3 Clean Energy, 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 NH3 Clean position
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Additional Tools for NH3 Stock Analysis
When running NH3 Clean's price analysis, check to measure NH3 Clean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NH3 Clean is operating at the current time. Most of NH3 Clean's value examination focuses on studying past and present price action to predict the probability of NH3 Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NH3 Clean's price. Additionally, you may evaluate how the addition of NH3 Clean to your portfolios can decrease your overall portfolio volatility.