Newag Competitors
| NWG Stock | | | 128.00 0.80 0.63% |
Newag SA competes with
UniCredit SpA,
Allegroeu,
Santander Bank, and
KGHM Polska; as well as few others. Analyzing Newag SA 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 Newag SA 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 company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Newag SA vs KGHM Polska Correlation
Poor diversification
The correlation between Newag SA and KGH is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Newag SA and KGH in the same portfolio, assuming nothing else is changed.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of Newag SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Newag SA Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Newag SA 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 Newag 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 Newag SA does not affect the price movement of the other competitor.
High positive correlations | | High negative correlations |
Risk-Adjusted IndicatorsThere is a big difference between Newag Stock performing well and Newag SA 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 Newag SA'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.
Newag SA Competitive Analysis
The better you understand Newag SA competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Newag SA'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 Newag SA's competition over several years is one of the best ways to analyze its investment potential.
Newag SA Competition Performance Charts
Five steps to successful analysis of Newag SA Competition
Newag SA'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 Newag SA in relation to its competition. Newag SA's competition analysis typically involves several steps, including:
- Identifying the key players in the market: This involves identifying the major competitors of Newag SA 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 Newag SA's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Newag SA, 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.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.
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Additional Tools for Newag Stock Analysis
When running Newag SA's price analysis, check to
measure Newag SA'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 Newag SA is operating at the current time. Most of Newag SA's value examination focuses on studying past and present price action to
predict the probability of Newag SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newag SA's price. Additionally, you may evaluate how the addition of Newag SA to your portfolios can decrease your overall portfolio volatility.
