Nucor Competitors
| NUE Stock | 16,010 320.00 1.96% |
Nucor Corp vs Telecom Argentina Correlation
Good diversification
The correlation between Nucor Corp and TECO2 is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nucor Corp and TECO2 in the same portfolio, assuming nothing else is changed.
Moving together with Nucor Stock
Moving against Nucor Stock
Nucor Corp Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nucor Corp 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 Nucor 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 Nucor Corp does not affect the price movement of the other competitor.
| 0.47 | 0.07 | 0.48 | 0.09 | HMY | ||
| 0.47 | -0.22 | 0.64 | -0.07 | HD | ||
| 0.07 | -0.22 | -0.39 | 0.55 | AGRO | ||
| 0.48 | 0.64 | -0.39 | 0.12 | LYG | ||
| 0.09 | -0.07 | 0.55 | 0.12 | TECO2 | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nucor Stock performing well and Nucor Corp 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 Nucor Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HMY | 2.49 | 0.32 | 0.05 | (1.61) | 3.53 | 5.50 | 19.58 | |||
| HD | 1.21 | 0.04 | (0.01) | 0.34 | 1.56 | 2.60 | 6.92 | |||
| AGRO | 2.13 | (0.47) | 0.00 | (2.79) | 0.00 | 5.67 | 15.94 | |||
| LYG | 1.20 | 0.12 | 0.03 | 0.67 | 1.69 | 2.85 | 7.98 | |||
| TECO2 | 1.86 | (0.08) | 0.00 | (0.14) | 0.00 | 3.76 | 20.19 |
Nucor Corp Competitive Analysis
The better you understand Nucor Corp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nucor Corp'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 Nucor Corp'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 |
Nucor Corp Competition Performance Charts
Five steps to successful analysis of Nucor Corp Competition
Nucor Corp'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 Nucor Corp in relation to its competition. Nucor Corp's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Nucor Corp 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 Nucor Corp's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nucor Corp, 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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Additional Information and Resources on Investing in Nucor Stock
When determining whether Nucor Corp is a strong investment it is important to analyze Nucor Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nucor Corp's future performance. For an informed investment choice regarding Nucor Stock, refer to the following important reports:Check out Nucor Corp Correlation with its peers.For information on how to trade Nucor Stock refer to our How to Trade Nucor Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.