Photronics Competitors
| PLAB Stock | USD 37.54 0.30 0.81% |
Photronics vs PAR Technology Correlation
Very good diversification
The correlation between Photronics and PAR is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Photronics and PAR in the same portfolio, assuming nothing else is changed.
Moving together with Photronics Stock
| 0.61 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
Moving against Photronics Stock
Photronics Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Photronics 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 Photronics 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 Photronics 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 Photronics Stock performing well and Photronics 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 Photronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIMX | 1.99 | 0.13 | 0.00 | (0.16) | 2.33 | 4.22 | 15.10 | |||
| MXL | 2.71 | 0.53 | 0.10 | (0.58) | 3.41 | 7.94 | 18.71 | |||
| UCTT | 3.23 | 0.88 | 0.28 | 0.47 | 2.95 | 8.03 | 17.36 | |||
| LASR | 3.01 | 0.82 | 0.16 | (3.22) | 3.99 | 6.51 | 18.85 | |||
| CNXN | 1.31 | 0.26 | 0.09 | (0.63) | 1.35 | 3.29 | 11.09 | |||
| PLTK | 1.80 | 0.06 | 0.00 | 0.20 | 2.34 | 3.69 | 17.80 | |||
| VECO | 2.11 | 0.04 | (0.02) | (0.20) | 2.69 | 5.33 | 13.14 | |||
| ALIT | 2.50 | (0.60) | 0.00 | (2.34) | 0.00 | 5.23 | 15.07 | |||
| ADEA | 2.40 | 0.61 | 0.21 | (17.51) | 1.93 | 4.89 | 36.55 | |||
| PAR | 2.72 | (0.76) | 0.00 | 2.01 | 0.00 | 4.39 | 17.98 |
Photronics Competitive Analysis
The better you understand Photronics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Photronics' 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 Photronics' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Photronics Competition Performance Charts
Five steps to successful analysis of Photronics Competition
Photronics' 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 Photronics in relation to its competition. Photronics' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Photronics 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 Photronics' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Photronics, 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 Photronics position
In addition to having Photronics 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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Information Technology ETFs
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Check out Photronics Correlation with its peers. For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Semiconductors & Semiconductor Equipment 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 Photronics. Anticipated expansion of Photronics 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 Photronics assessment requires weighing all these inputs, though not all factors influence outcomes equally.
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' 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 Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Photronics' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Photronics should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Photronics' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.