Optical Competitors
| OCC Stock | EUR 4.32 0.26 6.40% |
Optical Cable vs AOI Electronics Correlation
Moving against Optical Stock
Optical Cable Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Optical Cable 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 Optical 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 Optical Cable 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 Optical Stock performing well and Optical Cable 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 Optical Cable'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WX6 | 1.05 | 0.18 | 0.04 | (1.06) | 1.11 | 2.38 | 6.08 | |||
| 5GH | 2.02 | 0.10 | 0.01 | 0.46 | 2.53 | 4.92 | 13.86 | |||
| 6E5 | 2.94 | (0.03) | (0.02) | (0.02) | 4.10 | 8.76 | 21.83 | |||
| NEN0 | 2.51 | 0.97 | 0.44 | 3.64 | 1.38 | 7.35 | 14.44 | |||
| CLH | 1.24 | 0.28 | 0.13 | (10.56) | 1.14 | 3.48 | 9.04 | |||
| X90 | 1.69 | (0.01) | 0.00 | 0.14 | 0.00 | 7.94 | 28.98 | |||
| 7QD | 3.16 | (0.84) | 0.00 | (0.65) | 0.00 | 5.31 | 20.81 | |||
| OIA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Optical Cable Competitive Analysis
The better you understand Optical Cable competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Optical Cable'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 Optical Cable'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 |
Optical Cable Competition Performance Charts
Five steps to successful analysis of Optical Cable Competition
Optical Cable'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 Optical Cable in relation to its competition. Optical Cable's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Optical Cable 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 Optical Cable's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Optical Cable, 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 Optical Cable position
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Consumption
Companies that deliver final goods such as cars or clothing for consumption by consumers. The Consumption theme has 19 constituents at this time.
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Check out Optical Cable Correlation with its peers. For more detail on how to invest in Optical Stock please use our How to Invest in Optical Cable guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.