Plum Competitors
| PLMK Stock | 10.55 0.04 0.38% |
Plum Acquisition vs Newbury Street Correlation
Poor diversification
The correlation between Plum Acquisition Corp and NTWO is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plum Acquisition Corp and NTWO in the same portfolio, assuming nothing else is changed.
Moving together with Plum Stock
Moving against Plum Stock
The value of Return On Tangible Assets is estimated to slide to -0.0002. The value of Return On Capital Employed is expected to slide to 0. The value of Return On Tangible Assets is estimated to slide to -0.0002. The value of Debt To Assets is estimated to slide to 0.27.Plum Acquisition Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Plum Acquisition 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 Plum 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 Plum Acquisition Corp 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 Plum Stock performing well and Plum Acquisition 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 Plum Acquisition'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DMAA | 0.08 | 0.01 | (0.43) | 0.73 | 0.00 | 0.19 | 0.58 | |||
| DRDB | 0.14 | (0.01) | (0.32) | (0.08) | 0.16 | 0.38 | 1.24 | |||
| FACT | 0.26 | (0.01) | (0.17) | (0.18) | 0.38 | 0.68 | 2.10 | |||
| HVII | 0.27 | (0.04) | 0.00 | (0.43) | 0.00 | 0.48 | 2.79 | |||
| RAC | 0.18 | (0.01) | (0.25) | (1.27) | 0.22 | 0.68 | 1.64 | |||
| BEAG | 0.33 | (0.05) | 0.00 | (0.22) | 0.00 | 0.75 | 2.92 | |||
| POLE | 0.15 | (0.04) | 0.00 | (0.69) | 0.00 | 0.29 | 1.61 | |||
| SZZL | 0.12 | 0.02 | (0.25) | 0.78 | 0.00 | 0.39 | 1.18 | |||
| NTWO | 0.08 | 0.01 | (0.38) | (0.45) | 0.00 | 0.29 | 0.86 |
Plum Acquisition Competitive Analysis
The better you understand Plum Acquisition competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Plum Acquisition'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 Plum Acquisition'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 |
Plum Acquisition Competition Performance Charts
Five steps to successful analysis of Plum Acquisition Competition
Plum Acquisition'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 Plum Acquisition Corp in relation to its competition. Plum Acquisition's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Plum Acquisition 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 Plum Acquisition's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Plum Acquisition Corp, 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 Plum Acquisition position
In addition to having Plum Acquisition 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 Plum Acquisition Correlation with its peers. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Diversified Capital Markets 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 Plum Acquisition. Anticipated expansion of Plum 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 Plum Acquisition assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Plum Acquisition Corp's market price often diverges from its book value, the accounting figure shown on Plum's balance sheet. Smart investors calculate Plum Acquisition's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Since Plum Acquisition's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Plum Acquisition's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Plum Acquisition should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Plum Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.