PNM Competitors

Summary

PNMDelisted Stock

USD 43.25 0.21 0.48%

PNM Resources competes with Portland General, MGE Energy, CMS Energy, OGE Energy, and Alliant Energy; as well as few others. The company runs under Electric Utilities sector within Utilities industry. Analyzing PNM Resources competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of PNM Resources to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of PNM Resources competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
42.59	43.38	44.17

Details

Intrinsic

Valuation

Low	Real	High
35.11	35.90	47.58

Details

Naive

Forecast

Low	Next	High
42.29	43.08	43.86

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
42.71	43.44	44.16

Details

PNM Resources Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between PNM Resources and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of PNM 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 PNM Resources does not affect the price movement of the other competitor.

	POR	MGEE	CMS	OGE	LNT	ETR	EVRG	IDA	PNW	DTE
POR		-0.19	0.56	-0.05	0.39	-0.22	0.11	-0.22	0.05	0.63	POR
MGEE	-0.19		-0.06	0.96	0.54	0.85	0.87	0.93	0.8	-0.43	MGEE
CMS	0.56	-0.06		0.04	0.68	0.04	0.21	-0.27	-0.03	0.87	CMS
OGE	-0.05	0.96	0.04		0.59	0.86	0.91	0.91	0.83	-0.31	OGE
LNT	0.39	0.54	0.68	0.59		0.49	0.72	0.4	0.47	0.42	LNT
ETR	-0.22	0.85	0.04	0.86	0.49		0.74	0.82	0.59	-0.33	ETR
EVRG	0.11	0.87	0.21	0.91	0.72	0.74		0.82	0.89	-0.15	EVRG
IDA	-0.22	0.93	-0.27	0.91	0.4	0.82	0.82		0.81	-0.58	IDA
PNW	0.05	0.8	-0.03	0.83	0.47	0.59	0.89	0.81		-0.33	PNW
DTE	0.63	-0.43	0.87	-0.31	0.42	-0.33	-0.15	-0.58	-0.33		DTE
	POR	MGEE	CMS	OGE	LNT	ETR	EVRG	IDA	PNW	DTE

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High positive correlations

OGE	+ 0.96	MGEE
IDA	+ 0.93	MGEE
EVRG	+ 0.91	OGE
IDA	+ 0.91	OGE
PNW	+ 0.89	EVRG
EVRG	+ 0.87	MGEE

High negative correlations

DTE	- 0.58	IDA
DTE	- 0.43	MGEE
DTE	- 0.33	PNW
DTE	- 0.33	ETR
DTE	- 0.31	OGE
IDA	- 0.27	CMS

Risk-Adjusted Indicators

There is a big difference between PNM Stock performing well and PNM Resources 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 PNM Resources' 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
POR	0.78	(0.02)	(0.10)	0.07	0.98	(0.81)	1.54	(1.60)	5.04
MGEE	1.07	0.16	0.16	0.26	0.83	(1.24)	2.95	(1.77)	9.44
CMS	0.70	0.05	(0.06)	0.95	0.99	(0.69)	1.34	(1.88)	3.94
OGE	0.79	0.10	0.05	0.31	0.75	(0.90)	2.37	(1.22)	5.66
LNT	0.90	0.14	0.02	8.40	1.03	(1.02)	2.04	(1.89)	5.81
ETR	0.97	0.42	0.18	(1.38)	1.03	(1.20)	2.07	(1.52)	21.62
EVRG	0.69	0.14	0.04	0.96	0.65	(0.74)	1.53	(1.22)	3.30
IDA	0.79	0.20	0.17	0.75	0.40	(1.02)	2.29	(1.08)	4.12
PNW	0.82	0.06	(0.01)	0.26	0.79	(0.89)	1.99	(1.48)	4.99
DTE	0.80	0.01	(0.07)	0.28	1.38	(0.66)	1.44	(2.13)	5.21

Unable to evaluate fundamental data of [POR, MGEE, CMS, OGE, LNT, ETR, EVRG, IDA, PNW, DTE, AEE, CNP, EBR] at this time. Please try again later

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PNM Resources Competitive Analysis

The better you understand PNM Resources competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, PNM Resources' 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 PNM Resources' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	PNM	POR	MGEE	CMS	OGE	LNT	ETR	EVRG	IDA	PNW
	0.48 43.25 PNM	1.05 48.07 Portland	0.59 104.75 MGE	0.22 69.67 CMS	0.09 43.85 OGE	0.49 63.63 Alliant	0.95 152.50 Entergy	0.36 64.49 Evergy,	0.04 118.96 IDACORP	0.05 92.88 Pinnacle
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Weak	Solid	Modest	Good	OK	Good	Good	Solid	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Dangerous	Below Average	Low	Below Average	Below Average	Below Average	Below Average	Below Average	Low	Below Average
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Buy	Strong Sell	Buy	Buy	Buy	Buy	Buy	Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Not Rated	Strong Hold	Strong Buy	Hold	Strong Buy	Strong Buy	Hold	Buy	Strong Buy	Strong Hold
Current Ratio	0.41	0.76	1.03	2.03	0.8	0.7	0.89	0.52	1.54	0.98
Net Asset	10.25 B	11.21 B	2.68 B	33.52 B	12.79 B	21.99 B	59.7 B	32.24 B	8.48 B	24.66 B
Profit Margin	0.0449	0.1	0.18	0.14	0.14	0.17	0.15	0.15	0.15	0.12
EBITDA	622.77 M	904 M	276.28 M	2.78 B	1.2 B	1.59 B	4.92 B	2.42 B	506.87 M	1.72 B
Operating Margin	0.22	0.16	0.3	0.23	0.33	0.45	0.34	0.34	0.26	0.32
Current Valuation	9.11 B	9.72 B	4.52 B	36.75 B	14.06 B	26.1 B	59.98 B	28.57 B	9.03 B	21.83 B
Price To Book	1.57	1.38	3.15	2.63	1.91	2.33	2.15	1.47	1.94	1.6
Retained Earnings	787.11 M	1.57 B	707.16 M	1.66 B	3.37 B	3.76 B	11.94 B	2.46 B	2.04 B	3.47 B
Current Asset	357.76 M	557 M	199.58 M	3 B	570.2 M	826.8 M	4.07 B	1.08 B	387.83 M	860.37 M
Five Year Return	2.6	3.22	2.03	2.71	4.12	2.89	3.76	3.24	2.65	3.85
Beta	0.36	0.61	0.7	0.41	0.74	0.57	0.7	0.61	0.6	0.52
Number Of Employees	1.64 K	2.84 K	N/A	8.36 K	2.33 K	3.28 K	12 K	4.66 K	2.1 K	6.13 K
Shares Outstanding	90.2 M	105.46 M	36.21 M	298.78 M	200.95 M	256.6 M	214.41 M	229.98 M	53.27 M	113.7 M
Cash Flow From Operations	551.17 M	420 M	237.56 M	2.31 B	1.23 B	867 M	4.29 B	1.98 B	267.03 M	1.21 B
Annual Yield	0.0371	0.042	0.0173	0.0296	0.0385	0.0303	0.0318	0.0415	0.0289	0.0385
Total Debt	4.96 B	4.44 B	780.01 M	15.64 B	4.84 B	9.7 B	26.25 B	13.27 B	2.83 B	10.3 B
Return On Equity	0.0413	0.0991	0.1	0.12	0.0847	0.0965	0.12	0.0873	0.0913	0.0958
Return On Asset	0.014	0.0306	0.0354	0.0305	0.0317	0.0255	0.0241	0.0279	0.0229	0.0258
Number Of Shares Shorted	2.92 M	3.71 M	1.71 M	8.47 M	3.57 M	7.4 M	3.94 M	8.36 M	662.59 K	3.31 M
Book Value Per Share	26.64	34.42	33.01	26.4	22.98	27.16	70.11	43.59	61.38	58.23
Current Liabilities	316.92 M	626 M	83.89 M	1.75 B	752.8 M	1.36 B	3.17 B	1.5 B	573.16 M	1.23 B
Total Asset	10.25 B	11.21 B	2.68 B	33.52 B	12.79 B	21.99 B	59.7 B	32.24 B	8.48 B	24.66 B
Debt To Equity	1.91	1.32	0.63	1.83	1.17	1.37	2.22	1.21	0.79	1.35
Short Ratio	3.97	4.11	21.9	4.63	4.22	5.32	2.44	4.84	2.94	2.71
Target Price	44.75	52.35	75.0	72.17	40.73	62.74	147.54	64.41	116.63	91.93
Last Dividend Paid	1.53	1.95	1.73	2.03	1.68	1.89	4.52	2.57	3.32	3.52
Shares Owned By Institutions	95.0	99.54	62.61	97.65	72.23	81.63	94.21	88.58	85.89	99.9
Market Capitalization	3.77 B	5.02 B	3.77 B	20.77 B	8.8 B	16.25 B	32.39 B	14.78 B	6.33 B	10.57 B
Price To Earning	19.47	25.47	24.9	20.03	7.9	20.97	18.47	17.05	22.84	16.12
Price To Earnings To Growth	4.14	1.59	N/A	2.51	4.16	2.5	8.91	1.71	2.35	3.3
Price To Sales	2.04	1.5	5.77	2.78	3.15	4.1	2.73	2.56	3.44	2.1
Net Income	106.88 M	228 M	117.7 M	808 M	416.8 M	703 M	2.36 B	731.3 M	261.89 M	518.78 M
Earnings Per Share	0.9	3.35	3.27	3.5	1.93	2.57	8.23	3.7	5.43	5.32
Shares Owned By Insiders	1.23	0.46	0.25	0.49	0.32	0.22	0.21	0.21	0.45	0.1
Revenue	1.94 B	2.92 B	690.43 M	7.46 B	2.67 B	4.03 B	12.15 B	5.49 B	1.77 B	4.7 B
Working Capital	(755.22 M)	(177 M)	81.04 M	(56 M)	(407.7 M)	(1.03 B)	(2.74 B)	(1.72 B)	369.98 M	(962.38 M)
Cash And Equivalents	4.08 M	165 M	10.62 M	164 M	88.1 M	344 M	1000 M	24.7 M	177.58 M	4.83 M
Cash Per Share	0.04	0.2	0.29	0.58	0.02	1.37	4.93	0.11	5.2	0.06
Gross Profit	1.02 B	1.31 B	244.47 M	2.76 B	1.21 B	1.71 B	5.28 B	2.63 B	537.51 M	1.71 B
Day Typical Price	43.32	48.04	105.17	69.65	43.9	63.65	151.88	64.57	119.44	93.16
Accumulation Distribution	0.0126	9311.15	5019.34	40315.79	24219.4	38650.21	19155.43	21018.39	5779.18	18594.8
Market Facilitation Index	0.55	0.0	0.0	N/A	0.0	N/A	0.0	N/A	0.0	0.0
Daily Balance Of Power	(0.38)	0.8929	0.2218	0.1402	0.0506	0.2952	0.556	0.3538	0.0336	(0.03)
Period Momentum Indicator	(0.21)	0.5	0.61	0.15	0.04	0.31	1.44	0.23	0.05	(0.05)
Rate Of Daily Change	1.0	1.01	1.01	1.0	1.0	1.0	1.01	1.0	1.0	1.0
Day Median Price	43.36	48.03	105.39	69.65	43.93	63.67	151.57	64.62	119.68	93.31
Price Action Indicator	(0.21)	0.29	(0.33)	0.1	(0.06)	0.12	1.65	(0.01)	(0.69)	(0.45)
Relative Strength Index	69.83	40.83	69.65	30.06	67.26	32.75	N/A	57.51	77.25	59.75
Coefficient Of Variation	349.09	3285.5	498.97	1393.39	587.49	782.65	549.41	512.75	407.04	909.72
Mean Deviation	0.7683	0.7818	1.07	0.6985	0.787	0.9029	0.9723	0.688	0.7934	0.8207
Jensen Alpha	0.3006	(0.02)	0.1624	0.0487	0.1038	0.1441	0.4235	0.1354	0.1985	0.0588
Total Risk Alpha	0.1244	(0.14)	0.0576	(0.09)	0.0035	(0.05)	0.0438	0.0218	0.0785	(0.06)
Sortino Ratio	0.1719	(0.1)	0.1602	(0.06)	0.0518	0.022	0.1794	0.0412	0.165	(0.01)
Downside Variance	0.9531	1.02	1.33	1.08	0.8981	1.33	2.24	0.6877	0.4922	0.8805
Standard Deviation	1.04	0.9936	1.57	0.9165	1.06	1.22	2.19	0.8459	1.0	1.09
Kurtosis	2.98	0.224	5.36	0.535	0.7784	1.56	33.19	(0.47)	0.5733	1.61
Potential Upside	1.8	1.54	2.95	1.34	2.37	2.04	2.07	1.53	2.29	1.99
Treynor Ratio	(2.89)	0.0681	0.2578	0.9469	0.3104	8.4	(1.38)	0.9577	0.7505	0.2602
Maximum Drawdown	7.12	5.04	9.44	3.94	5.66	5.81	21.62	3.3	4.12	4.99
Variance	1.09	0.9873	2.48	0.84	1.12	1.49	4.81	0.7155	1.01	1.19
Market Risk Adjusted Performance	(2.88)	0.0781	0.2678	0.9569	0.3204	8.41	(1.37)	0.9677	0.7605	0.2702
Risk Adjusted Performance	0.2223	0.0256	0.1588	0.0567	0.1333	0.1017	0.1461	0.1505	0.1908	0.0873
Skewness	(0.31)	(0.17)	1.68	(0.63)	0.4396	(0.07)	4.35	(0.04)	0.7242	0.7921
Semi Deviation	0.6636	0.9761	0.8335	0.9874	0.7541	1.03	1.03	0.6506	0.4026	0.7927
Information Ratio	0.161	(0.10)	0.1173	(0.07)	0.0465	0.0208	0.1224	0.0404	0.1154	(0.01)
Value At Risk	(1.13)	(1.60)	(1.77)	(1.88)	(1.22)	(1.89)	(1.52)	(1.22)	(1.08)	(1.48)
Expected Short fall	(0.97)	(0.81)	(1.24)	(0.69)	(0.90)	(1.02)	(1.20)	(0.74)	(1.02)	(0.89)
Downside Deviation	0.9763	1.01	1.15	1.04	0.9477	1.15	1.5	0.8293	0.7016	0.9383
Semi Variance	0.4403	0.9529	0.6947	0.975	0.5686	1.05	1.06	0.4232	0.1621	0.6284

PNM Resources Competition Performance Charts

Five steps to successful analysis of PNM Resources Competition

PNM Resources' 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 PNM Resources in relation to its competition. PNM Resources' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of PNM Resources 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 PNM Resources' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to PNM Resources, 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your PNM Resources position

In addition to having PNM Resources 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.

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 30 constituents at this time.

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Other Consideration for investing in PNM Stock

If you are still planning to invest in PNM Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PNM Resources' history and understand the potential risks before investing.

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PNM Competitors

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PNM Resources Competition Correlation Matrix

Risk-Adjusted Indicators

PNM Resources Competitive Analysis

PNM Resources Competition Performance Charts

Five steps to successful analysis of PNM Resources Competition

Complement your PNM Resources position

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Other Consideration for investing in PNM Stock

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