Koninklijke Competitors
| PHG Stock | USD 29.48 0.46 1.59% |
Koninklijke Philips vs Laboratory Correlation
Modest diversification
The correlation between Koninklijke Philips NV and LH is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Koninklijke Philips NV and LH in the same portfolio, assuming nothing else is changed.
Moving against Koninklijke Stock
Koninklijke Philips Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Koninklijke Philips 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 Koninklijke 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 Koninklijke Philips 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 Koninklijke Stock performing well and Koninklijke Philips 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 Koninklijke Philips' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DXCM | 1.40 | 0.29 | 0.16 | 0.44 | 1.39 | 3.29 | 8.87 | |||
| PODD | 1.54 | (0.45) | 0.00 | (0.45) | 0.00 | 3.24 | 13.53 | |||
| STE | 0.96 | 0.14 | 0.10 | 0.30 | 1.04 | 1.91 | 10.91 | |||
| ZBH | 1.29 | (0.23) | 0.00 | (0.33) | 0.00 | 2.92 | 18.45 | |||
| BNTX | 1.75 | 0.03 | 0.02 | 0.08 | 2.36 | 3.28 | 16.07 | |||
| NTRA | 1.60 | 0.09 | 0.02 | 0.30 | 2.33 | 3.54 | 10.60 | |||
| MTD | 1.12 | (0.06) | (0.03) | 0.01 | 1.34 | 2.66 | 7.69 | |||
| SNN | 1.03 | 0.09 | 0.05 | 0.17 | 1.28 | 2.40 | 8.41 | |||
| TEVA | 1.68 | 0.81 | 0.59 | 0.69 | 0.61 | 4.23 | 23.46 | |||
| LH | 1.01 | 0.10 | 0.07 | 0.21 | 1.01 | 2.71 | 5.89 |
Koninklijke Philips Competitive Analysis
The better you understand Koninklijke Philips competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Koninklijke Philips' 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 Koninklijke Philips' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Koninklijke Philips Competition Performance Charts
Five steps to successful analysis of Koninklijke Philips Competition
Koninklijke Philips' 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 Koninklijke Philips in relation to its competition. Koninklijke Philips' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Koninklijke Philips 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 Koninklijke Philips' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Koninklijke Philips, 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 Koninklijke Philips position
In addition to having Koninklijke Philips in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Koninklijke Philips Correlation with its peers. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Can Health Care Equipment & Supplies industry sustain growth momentum? Does Koninklijke have expansion opportunities? Factors like these will boost the valuation of Koninklijke Philips. Anticipated expansion of Koninklijke directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Koninklijke Philips demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
The market value of Koninklijke Philips is measured differently than its book value, which is the value of Koninklijke that is recorded on the company's balance sheet. Investors also form their own opinion of Koninklijke Philips' value that differs from its market value or its book value, called intrinsic value, which is Koninklijke Philips' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Koninklijke Philips' market value can be influenced by many factors that don't directly affect Koninklijke Philips' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Koninklijke Philips' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Koninklijke Philips should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Koninklijke Philips' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.