Primech Competitors
| PMEC Stock | 0.95 0.00 0.000001% |
Primech Holdings vs JD Sports Correlation
Poor diversification
The correlation between Primech Holdings Ltd and JDSPY is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primech Holdings Ltd and JDSPY in the same portfolio, assuming nothing else is changed.
Moving against Primech Stock
| 0.64 | GOOG | Alphabet Class C Earnings Call This Week | PairCorr |
| 0.62 | CC3 | Cass Information Systems | PairCorr |
| 0.59 | MATW | Matthews International | PairCorr |
| 0.58 | DCM | Data Communications | PairCorr |
| 0.56 | CNJ | Canon Marketing Japan | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primech Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Primech Holdings Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Primech Holdings 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 Primech 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 Primech Holdings does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Primech Stock performing well and Primech Holdings 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 Primech Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GXRFF | 5.10 | (0.23) | 0.00 | (0.74) | 0.00 | 10.70 | 38.06 | |||
| FHTX | 4.00 | 0.58 | 0.13 | 0.43 | 4.28 | 9.16 | 31.12 | |||
| PYXS | 6.20 | (0.78) | 0.00 | (0.40) | 0.00 | 17.05 | 70.66 | |||
| MRK | 1.28 | 0.33 | 0.24 | 0.50 | 1.13 | 3.59 | 8.09 | |||
| USSTX | 0.05 | 0.00 | (0.30) | 0.32 | 0.00 | 0.19 | 0.39 | |||
| JDDSF | 0.67 | (0.22) | 0.00 | (0.42) | 0.00 | 0.00 | 22.36 | |||
| NEMTF | 1.04 | (0.51) | 0.00 | 0.45 | 0.00 | 0.00 | 33.70 | |||
| AA | 2.65 | 0.52 | 0.18 | 0.30 | 2.69 | 6.40 | 14.55 | |||
| JDSPY | 2.91 | (0.20) | 0.00 | (0.44) | 0.00 | 6.19 | 15.07 |
Cross Equities Net Income Analysis
Compare Primech Holdings and related stocks such as Prospera Energy, Foghorn Therapeutics, and Pyxis Oncology Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FHTX | (26.3 M) | (26.3 M) | (26.3 M) | (26.3 M) | (26.3 M) | (26.3 M) | (26.3 M) | (26.3 M) | (26.3 M) | (51.1 M) | (68.8 M) | (101.3 M) | (108.9 M) | (98.4 M) | (86.6 M) | (78 M) | (81.9 M) |
| PYXS | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (2.7 M) | (12.8 M) | (76 M) | (118 M) | (73.8 M) | (77.3 M) | (69.6 M) | (73.1 M) |
| MRK | 539.9 M | 6.3 B | 6.2 B | 4.4 B | 11.9 B | 4.4 B | 3.9 B | 2.4 B | 6.2 B | 9.8 B | 7.1 B | 13 B | 14.5 B | 365 M | 17.1 B | 19.7 B | 20.7 B |
| AA | (2.3 B) | (2.3 B) | (2.3 B) | (2.3 B) | 268 M | (863 M) | (400 M) | 217 M | 250 M | (1.1 B) | (170 M) | 429 M | (123 M) | (651 M) | 60 M | 1.1 B | 1.2 B |
Primech Holdings and related stocks such as Prospera Energy, Foghorn Therapeutics, and Pyxis Oncology Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Primech Holdings financial statement analysis. It represents the amount of money remaining after all of Primech Holdings Ltd operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Primech Holdings Competitive Analysis
The better you understand Primech Holdings competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Primech Holdings' 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 Primech Holdings' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Primech Holdings Competition Performance Charts
Five steps to successful analysis of Primech Holdings Competition
Primech Holdings' 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 Primech Holdings in relation to its competition. Primech Holdings' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Primech Holdings 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 Primech Holdings' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Primech Holdings, 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 Primech Holdings position
In addition to having Primech Holdings 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?
Run Utilities ETFs Thematic Idea Now
Utilities ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Utilities ETFs theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Primech Holdings Correlation with its peers. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Will Commercial Services & Supplies sector continue expanding? Could Primech diversify its offerings? Factors like these will boost the valuation of Primech Holdings. Anticipated expansion of Primech directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Primech Holdings data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (0.05) | Revenue Per Share | Quarterly Revenue Growth 0.001 | Return On Assets | Return On Equity |
Investors evaluate Primech Holdings using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Primech Holdings' intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Primech Holdings' market price to deviate significantly from intrinsic value.
It's important to distinguish between Primech Holdings' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Primech Holdings should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Primech Holdings' market price signifies the transaction level at which participants voluntarily complete trades.