Parker Competitors
| PH Stock | USD 968.14 0.15 0.02% |
Parker Hannifin vs Northrop Grumman Correlation
Poor diversification
The correlation between Parker Hannifin and NOC is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parker Hannifin and NOC in the same portfolio, assuming nothing else is changed.
Moving together with Parker Stock
Moving against Parker Stock
The Parker Hannifin's current Return On Tangible Assets is estimated to increase to 0.29, while Return On Capital Employed is projected to decrease to 0.17. As of now, Parker Hannifin's Total Current Assets are increasing as compared to previous years. The Parker Hannifin's current Intangible Assets is estimated to increase to about 8.9 B, while Other Current Assets are projected to decrease to under 178.5 M.Parker Hannifin Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Parker Hannifin 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 Parker 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 Parker Hannifin 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 Parker Stock performing well and Parker Hannifin 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 Parker Hannifin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMR | 1.34 | 0.13 | 0.09 | 0.14 | 1.67 | 3.00 | 8.01 | |||
| HWM | 1.28 | 0.01 | 0.00 | 0.07 | 1.49 | 3.03 | 7.17 | |||
| TT | 1.16 | (0.05) | 0.00 | (0.01) | 0.00 | 2.26 | 9.37 | |||
| ITW | 0.94 | 0.22 | 0.17 | 0.28 | 0.85 | 2.77 | 6.22 | |||
| ADP | 0.93 | (0.20) | 0.00 | (0.19) | 0.00 | 1.69 | 7.52 | |||
| GD | 0.99 | (0.01) | (0.01) | 0.05 | 1.33 | 2.00 | 7.72 | |||
| CMI | 1.35 | 0.44 | 0.30 | 0.42 | 1.05 | 2.83 | 8.70 | |||
| MMM | 1.17 | (0.08) | 0.00 | (0.01) | 0.00 | 2.11 | 9.29 | |||
| NOC | 1.22 | 0.25 | 0.14 | 0.49 | 1.36 | 2.91 | 9.88 |
Cross Equities Net Income Analysis
Compare Parker Hannifin and related stocks such as Emerson Electric, Howmet Aerospace, and Trane Technologies plc Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EMR | 401.1 M | 2 B | 2 B | 2.1 B | 2.7 B | 1.6 B | 1.5 B | 2.2 B | 2.3 B | 2 B | 2.3 B | 3.2 B | 13.2 B | 2 B | 2.3 B | 2.6 B | 1.9 B |
| HWM | 938 M | 611 M | 162 M | (2.2 B) | 268 M | (322 M) | (941 M) | (74 M) | 642 M | 470 M | 211 M | 258 M | 469 M | 765 M | 1.2 B | 1 B | 1.1 B |
| TT | 79.6 M | 426.1 M | 1 B | 618.8 M | 931.7 M | 664.6 M | 1.5 B | 1.3 B | 1.3 B | 1.4 B | 854.9 M | 1.4 B | 1.8 B | 2 B | 2.6 B | 2.9 B | 3.1 B |
| ITW | 31.5 M | 2.1 B | 2.9 B | 1.7 B | 2.9 B | 1.9 B | 2 B | 1.7 B | 2.6 B | 2.5 B | 2.1 B | 2.7 B | 3 B | 3 B | 3.5 B | 3.1 B | 3.2 B |
| ADP | 106 M | 1.4 B | 1.4 B | 1.5 B | 1.5 B | 1.5 B | 1.7 B | 1.6 B | 2.3 B | 2.5 B | 2.6 B | 2.9 B | 3.4 B | 3.8 B | 4.1 B | 4.7 B | 4.9 B |
| GD | 388.3 M | 2.5 B | (332 M) | 2.4 B | 2.5 B | 3 B | 2.6 B | 2.9 B | 3.3 B | 3.5 B | 3.2 B | 3.3 B | 3.4 B | 3.3 B | 3.8 B | 4.2 B | 4.4 B |
| CMI | 50.4 M | 1.8 B | 1.6 B | 1.5 B | 1.7 B | 1.4 B | 1.4 B | 999 M | 2.1 B | 2.3 B | 1.8 B | 2.1 B | 2.2 B | 735 M | 3.9 B | 4.5 B | 4.8 B |
| MMM | 664 M | 4.3 B | 4.4 B | 4.7 B | 5 B | 4.8 B | 5 B | 4.9 B | 5.3 B | 4.6 B | 5.4 B | 5.9 B | 5.8 B | (7 B) | 4.2 B | 3.2 B | 3 B |
| NOC | 214.4 M | 2.1 B | 2 B | 2 B | 2.1 B | 2 B | 2.2 B | 2 B | 3.2 B | 2.2 B | 3.2 B | 7 B | 4.9 B | 2.1 B | 4.2 B | 4.2 B | 4.4 B |
Parker Hannifin and related stocks such as Emerson Electric, Howmet Aerospace, and Trane Technologies plc Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Parker Hannifin financial statement analysis. It represents the amount of money remaining after all of Parker Hannifin operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Parker Hannifin Competitive Analysis
The better you understand Parker Hannifin competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Parker Hannifin'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 Parker Hannifin'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 |
Parker Hannifin Competition Performance Charts
Five steps to successful analysis of Parker Hannifin Competition
Parker Hannifin'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 Parker Hannifin in relation to its competition. Parker Hannifin's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Parker Hannifin 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 Parker Hannifin's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Parker Hannifin, 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 Parker Hannifin Correlation with its peers. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is there potential for Industrial Machinery & Supplies & Components market expansion? Will Parker introduce new products? Factors like these will boost the valuation of Parker Hannifin. Anticipated expansion of Parker directly elevates investor willingness to pay premium valuations. Understanding fair value requires weighing current performance against future potential. All the valuation information about Parker Hannifin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 7.03 | Earnings Share 27.39 | Revenue Per Share | Quarterly Revenue Growth 0.091 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's true underlying value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Because Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin'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 Parker Hannifin's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Parker Hannifin should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Parker Hannifin's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.