PPG Competitors

PPG Stock  USD 131.34  0.22  0.17%   
PPG Industries competes with RPM International, Steel Dynamics, Teck Resources, Dow, and Sociedad Quimica; as well as few others. The company runs under Chemicals sector within Materials industry. Analyzing PPG Industries 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 PPG Industries to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out PPG Industries Correlation with its peers.
For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.

PPG Industries vs Axalta Coating Correlation

Poor diversification

The correlation between PPG Industries and AXTA is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PPG Industries and AXTA in the same portfolio, assuming nothing else is changed.

Moving together with PPG Stock

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Moving against PPG Stock

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118.21134.01135.42
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118.21134.71136.12
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PPG Industries Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between PPG Industries 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 PPG 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 PPG Industries does not affect the price movement of the other competitor.

Risk-Adjusted Indicators

There is a big difference between PPG Stock performing well and PPG Industries 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 PPG Industries' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RPM  1.16  0.16  0.13  0.23  0.98 
 3.25 
 6.87 
STLD  1.67  0.29  0.16  0.30  1.58 
 3.90 
 9.08 
TECK  2.25  0.45  0.14  0.36  2.72 
 4.80 
 14.22 
DOW  2.11  0.61  0.30  0.39  1.72 
 6.26 
 12.44 
SQM  2.32  0.31  0.08  1.47  2.88 
 5.59 
 13.88 
IFF  1.28  0.40  0.22  1.52  1.28 
 2.85 
 8.02 
LYB  2.17  0.45  0.19  0.36  2.02 
 6.08 
 12.48 
DD  1.32  0.27  0.16  0.28  1.41 
 3.82 
 10.08 
NTR  1.71  0.34  0.13  2.57  1.89 
 3.45 
 12.86 
AXTA  1.19  0.28  0.18  0.50  1.07 
 3.27 
 8.87 

PPG Industries Competitive Analysis

The better you understand PPG Industries competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, PPG Industries' 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 PPG Industries' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
PPG RPM STLD TECK DOW SQM IFF LYB DD NTR
 0.17 
 131.34 
PPG
 1.63 
 118.21 
RPM
 3.92 
 191.68 
Steel
 0.58 
 58.91 
Teck
 0.49 
 32.49 
Dow
 1.14 
 70.91 
Sociedad
 1.84 
 83.00 
International
 0.29 
 57.61 
LyondellBasell
 1.60 
 50.22 
Dupont
 0.54 
 70.81 
Nutrien
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PPG Industries Competition Performance Charts

Five steps to successful analysis of PPG Industries Competition

PPG Industries' 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 PPG Industries in relation to its competition. PPG Industries' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of PPG Industries 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 PPG Industries' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to PPG Industries, 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 PPG Industries position

In addition to having PPG Industries 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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When determining whether PPG Industries is a strong investment it is important to analyze PPG Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PPG Industries' future performance. For an informed investment choice regarding PPG Stock, refer to the following important reports:
Check out PPG Industries Correlation with its peers.
For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Can Specialty Chemicals industry sustain growth momentum? Does PPG have expansion opportunities? Factors like these will boost the valuation of PPG Industries. Anticipated expansion of PPG directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating PPG Industries demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
The market value of PPG Industries is measured differently than its book value, which is the value of PPG that is recorded on the company's balance sheet. Investors also form their own opinion of PPG Industries' value that differs from its market value or its book value, called intrinsic value, which is PPG Industries' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because PPG Industries' market value can be influenced by many factors that don't directly affect PPG Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between PPG Industries' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding PPG Industries should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, PPG Industries' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.