North Competitors
| NOA Stock | USD 16.66 0.34 2.08% |
North American vs Star Gas Correlation
Poor diversification
The correlation between North American Construction and SGU is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North American Construction and SGU in the same portfolio, assuming nothing else is changed.
Moving together with North Stock
| 0.81 | TW1 | Tenaris SA | PairCorr |
| 0.81 | TS | Tenaris SA ADR Earnings Call This Week | PairCorr |
| 0.83 | CEU | CES Energy Solutions | PairCorr |
North American Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between North American 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 North 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 North American Const 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 North Stock performing well and North American 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 North American'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OIS | 1.99 | 0.69 | 0.35 | 0.52 | 1.39 | 5.84 | 9.88 | |||
| NGS | 1.35 | 0.35 | 0.20 | 0.74 | 1.30 | 3.46 | 9.35 | |||
| SD | 1.65 | 0.38 | 0.16 | (3.34) | 1.80 | 4.01 | 10.99 | |||
| FTK | 3.00 | 0.18 | 0.07 | 0.13 | 3.30 | 8.05 | 24.18 | |||
| TBN | 2.02 | 0.33 | 0.13 | 0.53 | 2.08 | 4.46 | 11.15 | |||
| GPRK | 1.83 | 0.13 | 0.04 | 0.36 | 2.30 | 3.99 | 12.43 | |||
| EGY | 2.25 | 0.41 | 0.14 | 0.43 | 2.58 | 5.73 | 18.23 | |||
| FET | 1.99 | 0.87 | 0.44 | 1.05 | 1.40 | 4.71 | 13.46 | |||
| RNGR | 1.85 | 0.27 | 0.13 | 0.26 | 2.02 | 4.32 | 9.09 | |||
| SGU | 0.82 | 0.14 | 0.08 | 16.10 | 0.90 | 2.00 | 5.44 |
Cross Equities Net Income Analysis
Compare North American Const and related stocks such as Oil States International, Natural Gas Services, and SandRidge Energy Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OIS | 902 K | 322.5 M | 448.6 M | 421.3 M | 179 M | 28.6 M | (46.4 M) | (84.8 M) | (19.1 M) | (231.8 M) | (468.4 M) | (64 M) | (9.5 M) | 12.9 M | (11.3 M) | (10.1 M) | (9.6 M) |
| NGS | 382 K | 9.8 M | 12.7 M | 14.4 M | 14.1 M | 10.1 M | 6.5 M | 19.9 M | 426 K | (13.9 M) | 1.8 M | (9.2 M) | (569 K) | 4.7 M | 17.2 M | 15.5 M | 16.3 M |
| SD | 12.9 M | 108.1 M | 141.6 M | (553.9 M) | 253.3 M | (3.7 B) | (3.7 B) | 47.1 M | (9.1 M) | (449.3 M) | (277.4 M) | 116.7 M | 242.2 M | 60.9 M | 63 M | 56.7 M | 59.5 M |
| FTK | (2.4 M) | 31.4 M | 49.8 M | 36.2 M | 53.6 M | (13.5 M) | (49.1 M) | (27.4 M) | (70.3 M) | (33.9 M) | (136.4 M) | (30.5 M) | (42.3 M) | 24.7 M | 10.5 M | 9.4 M | 9.9 M |
| TBN | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (15.4 M) | (14.5 M) | (23.8 M) | (7.8 M) | (32 M) | (21.9 M) | (36.9 M) | (33.2 M) | (31.6 M) |
| GPRK | (3.2 M) | 54.4 K | 11.9 M | 22 M | 7.5 M | (234 M) | (49.1 M) | (24.2 M) | 72.4 M | 57.8 M | (232.9 M) | 61.1 M | 224.4 M | 111.1 M | 96.4 M | 110.8 M | 116.4 M |
| EGY | (3.8 M) | 34.1 M | 631 K | 43.1 M | (77.5 M) | (158.7 M) | (26.6 M) | 9.7 M | 98.2 M | 2.6 M | (48.2 M) | 81.8 M | 51.9 M | 60.4 M | 57.8 M | 66.4 M | 69.8 M |
| FET | 19.3 M | 93.3 M | 151.4 M | 129.6 M | 174.3 M | (119.4 M) | (82 M) | (57.1 M) | (374.1 M) | (567.1 M) | (96.9 M) | (82.7 M) | 3.7 M | (18.9 M) | (135.3 M) | (121.8 M) | (115.7 M) |
| RNGR | (6.7 M) | (6.7 M) | (6.7 M) | (6.7 M) | (6.7 M) | (6.7 M) | (5 M) | (6.6 M) | (3.3 M) | 4.4 M | (15.8 M) | (2.1 M) | 15.1 M | 23.8 M | 18.4 M | 21.2 M | 22.2 M |
| SGU | 2.6 M | 24.8 M | 27.9 M | 32.9 M | 34.2 M | 40.4 M | 26 M | 49.2 M | 17.6 M | 55.9 M | 87.7 M | 35.3 M | 29.3 M | 32.1 M | 73.5 M | 84.5 M | 88.7 M |
North American Const and related stocks such as Oil States International, Natural Gas Services, and SandRidge Energy Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in North American Const financial statement analysis. It represents the amount of money remaining after all of North American Construction operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.North American Competitive Analysis
The better you understand North American competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, North American'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 North American'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 |
North American Competition Performance Charts
Five steps to successful analysis of North American Competition
North American'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 North American Const in relation to its competition. North American's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of North American 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 North American's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to North American Const, 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 North American Correlation with its peers. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Oil & Gas Equipment & Services 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 North American. Anticipated expansion of North 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 North American assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.148 | Dividend Share 0.48 | Earnings Share 0.93 | Revenue Per Share | Quarterly Revenue Growth 0.106 |
Investors evaluate North American Const using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating North American'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 North American's market price to deviate significantly from intrinsic value.
It's important to distinguish between North American's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding North American should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, North American's market price signifies the transaction level at which participants voluntarily complete trades.