Renewable Competitors

Renewable Energy competes with Asics Corp, American Rebel, Crocs, On Holding, and Deckers Outdoor; as well as few others. The company conducts business under Consumer Cyclical sector and is part of Footwear & Accessories industry. Analyzing Renewable Energy 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 Renewable Energy to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Renewable Energy Correlation with its peers.

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 Renewable Energy competition on your existing holdings.

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Renewable Energy Competition Correlation Matrix

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

	ASCCY	AREBW	AREB	CROX	ONON	DECK	SKX	SHOO	DBI
ASCCY		0.24	0.51	0.65	0.12	-0.46	0.51	0.63	0.49	ASCCY
AREBW	0.24		0.29	0.34	-0.37	-0.38	0.35	0.13	0.39	AREBW
AREB	0.51	0.29		0.52	-0.42	-0.52	0.6	0.15	0.62	AREB
CROX	0.65	0.34	0.52		-0.38	-0.69	0.7	0.58	0.83	CROX
ONON	0.12	-0.37	-0.42	-0.38		0.68	-0.42	0.2	-0.41	ONON
DECK	-0.46	-0.38	-0.52	-0.69	0.68		-0.54	-0.23	-0.48	DECK
SKX	0.51	0.35	0.6	0.7	-0.42	-0.54		0.22	0.74	SKX
SHOO	0.63	0.13	0.15	0.58	0.2	-0.23	0.22		0.43	SHOO
DBI	0.49	0.39	0.62	0.83	-0.41	-0.48	0.74	0.43		DBI
	ASCCY	AREBW	AREB	CROX	ONON	DECK	SKX	SHOO	DBI

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High positive correlations

DBI	+ 0.83	CROX
DBI	+ 0.74	SKX
SKX	+ 0.7	CROX
DECK	+ 0.68	ONON
CROX	+ 0.65	ASCCY
SHOO	+ 0.63	ASCCY

High negative correlations

DECK	- 0.69	CROX
SKX	- 0.54	DECK
DECK	- 0.52	AREB
DBI	- 0.48	DECK
DECK	- 0.46	ASCCY
SKX	- 0.42	ONON

Risk-Adjusted Indicators

There is a big difference between Renewable Pink Sheet performing well and Renewable Energy 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 Renewable Energy'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
ASCCY	1.77	0.02	0.00	0.13	2.07	(1.93)	4.47	(3.87)	11.89
AREBW	14.83	1.74	0.10	0.88	14.89	(22.32)	39.42	(31.03)	88.64
AREB	5.76	(0.93)	0.00	(0.22)	0.00	0.00	12.05	(12.48)	112.50
CROX	1.94	(0.53)	0.00	(0.55)	0.00	0.00	3.21	(4.25)	24.38
ONON	1.84	0.34	0.19	0.60	1.35	(2.34)	4.56	(2.63)	9.28
DECK	1.66	0.12	0.05	0.22	2.05	(1.73)	3.96	(3.72)	15.66
SKX	1.54	(0.19)	0.00	(0.31)	0.00	0.00	3.71	(3.41)	13.33
SHOO	1.27	(0.12)	0.00	(0.07)	0.00	0.00	2.93	(2.60)	8.41
DBI	2.88	(0.74)	0.00	(0.53)	0.00	0.00	6.76	(7.74)	19.89

Unable to evaluate fundamental data of [ASCCY, AREBW, AREB, CROX, ONON, DECK, SKX, SHOO, DBI] at this time. Please try again later

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Renewable Energy Competitive Analysis

The better you understand Renewable Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Renewable Energy'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 Renewable Energy'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

	ASCCY	AREBW	AREB	CROX	ONON	DECK	SKX	SHOO	DBI
	1.70 18.56 Asics	11.11 0.01 American	0.45 2.24 American	4.19 106.08 Crocs	0.10 58.19 ONON	0.48 193.07 Deckers	1.11 61.69 Skechers	1.35 43.40 Steven	3.07 5.04 Designer
Market Volatility (90 Days Market Risk)	Not too volatile	Out of control	Abnormally volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Slightly risky
Market Performance (90 Days Performance)	Weak	OK	Very Weak	Very Weak	Good	OK	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Quite High	Very High	Very Small	Very Small	Low	Very Low	Low	Below Average
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Under Valued	Over Valued	Under Valued	Fairly Valued	Over Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Strong Buy	Strong Buy	Strong Buy	Buy	Strong Buy	Buy	Hold
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Hold	Strong Sell	Cautious Hold	Strong Buy	Strong Hold	Cautious Hold	Strong Hold	Cautious Hold
Current Ratio	2.82	0.28	3.61	1.97	4.49	2.63	2.27	2.39	1.35
Net Asset	345.77 B	14.65 M	14.65 M	4.64 B	1.59 B	3.14 B	7.55 B	1.35 B	2.08 B
Profit Margin	0.041	N/A	-1.18	0.21	0.0584	0.19	0.072	0.0768	-0.0016
EBITDA	30.21 B	(10.59 M)	(10.59 M)	1.09 B	229.72 M	1.04 B	966.71 M	236.12 M	139.33 M
Operating Margin	0.0699	-2.71	-1.21	0.25	0.11	0.23	0.0994	0.13	0.0337
Current Valuation	4.47 B	N/A	10.87 M	7.33 B	17.77 B	25.83 B	9.65 B	3.01 B	1.5 B
Price To Book	2.85	N/A	1.41	3.33	12.69	12.05	2.07	3.6	0.73
Retained Earnings	154.71 B	(45.21 M)	(45.21 M)	2.61 B	(63.3 M)	1.91 B	3.8 B	1.68 B	98.9 M
Current Asset	211.81 B	N/A	N/A	445.95 M	N/A	785.76 M	1.55 B	457.82 M	474.63 M
Five Year Return	1.42	N/A	N/A	N/A	N/A	N/A	N/A	N/A	5.31
Beta	1.46	0.47	1.43	2.02	2.25	1.05	1.23	1.1	2.06
Number Of Employees	47	N/A	N/A	7.03 K	2.35 K	4.8 K	9.2 K	2.9 K	14 K
Shares Outstanding	183.17 M	N/A	1.63 M	58.28 M	288.76 M	151.92 M	131.59 M	72.19 M	47.77 M
Cash Flow From Operations	49.15 B	(7.04 M)	(7.04 M)	930.44 M	232.1 M	1.03 B	1.23 B	229.24 M	162.4 M
Annual Yield	0.0089	N/A	N/A	N/A	N/A	N/A	N/A	0.0196	0.0409
Total Debt	72.5 B	5.4 M	5.4 M	2 B	229 M	266.88 M	1.68 B	138.88 M	1.24 B
Return On Equity	0.13	N/A	-2.35	0.57	0.11	0.44	0.16	0.2	-0.0108
Z Score	1.0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return On Asset	0.0549	-1.49	-0.47	0.14	0.0652	0.22	0.0684	0.11	0.0067
Book Value Per Share	933.06	-2.22	3.86	29.5	3.92	14.63	28.87	11.55	6.41
Number Of Shares Shorted	N/A	N/A	182.1 K	4.34 M	22.59 M	4.2 M	6.44 M	2.74 M	9.79 M
Current Liabilities	60.59 B	N/A	N/A	167.1 M	N/A	238.5 M	577.01 M	174.8 M	191.01 M
Total Asset	345.77 B	14.65 M	14.65 M	4.64 B	1.59 B	3.14 B	7.55 B	1.35 B	2.08 B
Debt To Equity	0.57	N/A	0.19	4.59	0.21	0.13	0.43	0.13	3.23
Last Dividend Paid	40.0	N/A	N/A	N/A	N/A	N/A	N/A	0.84	0.2
Short Ratio	N/A	N/A	0.21	2.91	7.26	1.87	2.79	4.6	6.4
Target Price	N/A	N/A	2.0	137.01	52.25	190.59	82.05	46.78	5.75
Shares Owned By Institutions	N/A	N/A	10.69	95.06	65.35	99.51	96.18	94.41	94.46
Market Capitalization	4.2 B	N/A	3.77 M	5.93 B	18.17 B	27.64 B	9.21 B	3.09 B	271.39 M
Price To Earning	64.77	N/A	N/A	10.55	335.82	30.19	42.36	130.74	7.22
Price To Earnings To Growth	N/A	N/A	N/A	-31.83	1.2	3.71	1.19	1.83	2.61
Price To Sales	0.0092	N/A	0.23	1.46	8.41	5.93	1.06	1.39	0.0887
Net Income	9.4 B	(11.1 M)	(11.1 M)	792.57 M	74.58 M	759.56 M	545.8 M	171.55 M	29.06 M
Earnings Per Share	0.56	-5.74	-33.4	13.76	0.44	5.66	4.06	2.36	-0.03
Shares Owned By Insiders	N/A	N/A	1.08	2.91	25.4	0.46	0.81	5.59	16.93
Revenue	404.13 B	16.23 M	16.23 M	3.96 B	1.79 B	4.29 B	8 B	1.98 B	3.07 B
Working Capital	151.23 B	3.51 M	3.51 M	212.41 M	845.7 M	1.72 B	2.29 B	477.21 M	155.16 M
Cash And Equivalents	66.69 B	218.33 K	2.51 M	142.97 M	577.55 M	419.26 M	615.73 M	180.5 M	58.77 M
Cash Per Share	364.1	0.14	0.48	2.32	1.83	15.81	3.93	2.29	0.79
Gross Profit	240.71 B	N/A	1.94 M	1.86 B	684.9 M	1.61 B	3.52 B	873.84 M	1.08 B
Day Typical Price	18.42	0.0087	2.24	104.66	58.17	192.76	61.7	42.74	5.04
Accumulation Distribution	51.01	623.5	0.0045	0.0403	0.001	0.0048	37847.12	0.0454	83026.71
Market Facilitation Index	2.0E-4	N/A	0.01	4.27	0.06	0.92	0.0	1.97	N/A
Daily Balance Of Power	0.7381	1.0	1.0	1.0	1.0	1.0	0.4892	0.2944	0.7895
Period Momentum Indicator	0.31	9.0E-4	0.01	4.27	0.06	0.92	0.68	0.58	0.15
Rate Of Daily Change	1.02	1.11	1.0	1.04	1.0	1.0	1.01	1.01	1.03
Day Median Price	18.35	0.0086	2.24	103.95	58.16	192.61	61.71	42.42	5.05
Price Action Indicator	0.36	9.0E-4	0.01	4.27	0.06	0.92	0.32	1.27	0.07
Relative Strength Index	36.69	36.15	33.1	54.19	82.36	82.24	22.26	17.53	14.41
Coefficient Of Variation	2339.63	1016.5	(1,919)	(717.58)	554.83	1084.35	(1,733)	(4,007)	(644.82)
Mean Deviation	1.77	14.83	5.76	1.94	1.84	1.66	1.54	1.27	2.88
Jensen Alpha	0.0233	1.74	(0.93)	(0.53)	0.3386	0.1191	(0.19)	(0.12)	(0.74)
Total Risk Alpha	(0.22)	(0.65)	(2.20)	(0.85)	0.1049	(0.10)	(0.44)	(0.26)	(1.14)
Sortino Ratio	(0)	0.0981	N/A	N/A	0.1885	0.0511	N/A	N/A	N/A
Downside Variance	5.12	361.26	N/A	N/A	2.64	5.41	N/A	N/A	N/A
Standard Deviation	2.39	20.07	12.0	3.13	2.31	2.48	2.28	1.64	3.95
Kurtosis	0.2743	0.1937	16.58	19.2	(0.08)	4.66	4.3	0.2186	1.4
Potential Upside	4.47	39.42	12.05	3.21	4.56	3.96	3.71	2.93	6.76
Treynor Ratio	0.1331	0.8763	(0.22)	(0.55)	0.6002	0.2189	(0.31)	(0.07)	(0.53)
Maximum Drawdown	11.89	88.64	112.5	24.38	9.28	15.66	13.33	8.41	19.89
Variance	5.71	402.76	144.08	9.78	5.32	6.13	5.18	2.69	15.59
Market Risk Adjusted Performance	0.1431	0.8863	(0.21)	(0.54)	0.6102	0.2289	(0.30)	(0.06)	(0.52)
Risk Adjusted Performance	0.0394	0.0847	(0.03)	(0.1)	0.1442	0.0773	(0.04)	(0.01)	(0.11)
Skewness	0.2419	0.4881	1.39	(3.26)	0.7391	0.8143	(0.59)	(0.04)	0.2031
Semi Deviation	2.07	14.89	N/A	N/A	1.35	2.05	N/A	N/A	N/A
Information Ratio	(0)	0.0929	(0.06)	(0.17)	0.1328	0.048	(0.11)	(0.09)	(0.18)
Value At Risk	(3.87)	(31.03)	(12.48)	(4.25)	(2.63)	(3.72)	(3.41)	(2.60)	(7.74)
Expected Short fall	(1.93)	(22.32)	N/A	N/A	(2.34)	(1.73)	N/A	N/A	N/A
Downside Deviation	2.26	19.01	N/A	N/A	1.63	2.32	N/A	N/A	N/A
Semi Variance	4.3	221.63	N/A	N/A	1.82	4.22	N/A	N/A	N/A

Renewable Energy Competition Performance Charts

Five steps to successful analysis of Renewable Energy Competition

Renewable Energy'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 Renewable Energy in relation to its competition. Renewable Energy's competition analysis typically involves several steps, including:

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

In addition to having Renewable Energy 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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Drugs

Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery. The Drugs theme has 38 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 Drugs Theme or any other thematic opportunities.

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Additional Tools for Renewable Pink Sheet Analysis

When running Renewable Energy's price analysis, check to measure Renewable Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renewable Energy is operating at the current time. Most of Renewable Energy's value examination focuses on studying past and present price action to predict the probability of Renewable Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renewable Energy's price. Additionally, you may evaluate how the addition of Renewable Energy to your portfolios can decrease your overall portfolio volatility.

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