OFAL Competitors
| OFAL Stock | 0.42 0.0002 0.05% |
OFAL vs FBS Global Correlation
Excellent diversification
The correlation between OFAL and FBGL is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OFAL and FBGL in the same portfolio, assuming nothing else is changed.
Moving together with OFAL Stock
Moving against OFAL Stock
| 0.86 | MG | Mistras Group | PairCorr |
| 0.85 | ENS | Enersys Earnings Call This Week | PairCorr |
| 0.83 | FINN | First National | PairCorr |
| 0.67 | KB | KB Financial Group Earnings Call This Week | PairCorr |
| 0.65 | THO | Thor Industries | PairCorr |
OFAL Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between OFAL 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 OFAL 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 OFAL 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 OFAL Stock performing well and OFAL 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 OFAL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCTG | 8.72 | (3.76) | 0.00 | (1.05) | 0.00 | 10.71 | 61.78 | |||
| HKPD | 2.96 | (0.58) | 0.00 | (0.94) | 0.00 | 6.67 | 20.47 | |||
| PASW | 6.70 | (1.05) | 0.00 | (1.00) | 0.00 | 11.11 | 102.52 | |||
| LBGJ | 4.23 | 0.41 | 0.08 | 1.06 | 4.36 | 8.45 | 32.34 | |||
| PSIG | 3.20 | 0.70 | 0.16 | 1.16 | 3.07 | 11.11 | 44.89 | |||
| AQMS | 4.64 | (0.88) | 0.00 | (0.49) | 0.00 | 8.45 | 27.61 | |||
| GFAI | 4.44 | (1.31) | 0.00 | (0.36) | 0.00 | 10.94 | 26.91 | |||
| USEA | 2.56 | 0.09 | 0.02 | 0.10 | 3.91 | 5.29 | 20.78 | |||
| TLIH | 4.84 | (0.07) | 0.00 | 0.01 | 5.62 | 11.63 | 50.96 | |||
| FBGL | 3.82 | 0.75 | 0.13 | 0.50 | 5.06 | 12.05 | 34.97 |
Cross Equities Net Income Analysis
Compare OFAL and related stocks such as CCSC Technology Inte, Hong Kong Pharma, and Ping An Biomedical Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CCTG | 2.5 M | 2.5 M | 2.5 M | 2.5 M | 2.5 M | 2.5 M | 2.5 M | 2.5 M | 2.5 M | 2.5 M | 2.4 M | 294.1 K | 281.7 K | (1.3 M) | (1.4 M) | (1.3 M) | (1.2 M) |
| HKPD | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 998.2 K | 1.3 M | (27.1 K) | (24.4 K) | (23.1 K) |
| PASW | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 5.2 M | 7.2 M | (993.9 K) | (1.3 M) | (12.8 M) | (11.5 M) | (11 M) |
| LBGJ | 1.2 M | 1.2 M | 1.2 M | 1.2 M | 1.2 M | 1.2 M | 1.2 M | 1.2 M | 1.2 M | 1.2 M | 2.7 M | 848.1 K | 616.8 K | (1.4 M) | (1 M) | (912.2 K) | (866.6 K) |
| PSIG | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 3.7 M | 12.5 M | 2.4 M | (733.3 K) | (4.8 M) | (4.3 M) | (4.1 M) |
| AQMS | (4.7 M) | (4.7 M) | (4.7 M) | (4.7 M) | (4.7 M) | (12.3 M) | (13.6 M) | (26.6 M) | (40.3 M) | (44.8 M) | (25.8 M) | (18.2 M) | (15.4 M) | (23.9 M) | (24.6 M) | (22.1 M) | (23.2 M) |
| GFAI | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 73.7 K | 54 K | (3.1 M) | (5.5 M) | (18.6 M) | (29.6 M) | (5.9 M) | (5.3 M) | (5.5 M) |
| USEA | (275.6 K) | (275.6 K) | (275.6 K) | (275.6 K) | (275.6 K) | (275.6 K) | (275.6 K) | (275.6 K) | (275.6 K) | (275.6 K) | 1.1 M | 2.2 M | 37.5 M | 221 K | (3.4 M) | (3.9 M) | (3.7 M) |
| TLIH | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 1.8 M | 5 M | 7.1 M | 1.9 M | 2.2 M | 4.3 M |
| FBGL | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | (567.9 K) | 1.8 M | 68.6 K | 4.7 K | (814.4 K) | (732.9 K) | (696.3 K) |
OFAL and related stocks such as CCSC Technology Inte, Hong Kong Pharma, and Ping An Biomedical Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in OFAL financial statement analysis. It represents the amount of money remaining after all of OFAL operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.OFAL Competitive Analysis
The better you understand OFAL competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, OFAL'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 OFAL'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 |
OFAL Competition Performance Charts
Five steps to successful analysis of OFAL Competition
OFAL'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 OFAL in relation to its competition. OFAL's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of OFAL 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 OFAL's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to OFAL, 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 OFAL position
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Check out OFAL Correlation with its peers. For more information on how to buy OFAL Stock please use our How to buy in OFAL Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Research & Consulting 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 OFAL. Anticipated expansion of OFAL 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 OFAL assessment requires weighing all these inputs, though not all factors influence outcomes equally.
The market value of OFAL is measured differently than its book value, which is the value of OFAL that is recorded on the company's balance sheet. Investors also form their own opinion of OFAL's value that differs from its market value or its book value, called intrinsic value, which is OFAL's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OFAL's market value can be influenced by many factors that don't directly affect OFAL's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between OFAL's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding OFAL should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, OFAL's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.