Avita Competitors
| RCEL Stock | USD 4.24 0.17 3.85% |
Avita Medical vs Lucid Diagnostics Correlation
Average diversification
The correlation between Avita Medical and LUCD is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avita Medical and LUCD in the same portfolio, assuming nothing else is changed.
Moving against Avita Stock
The value of Return On Tangible Assets is estimated to slide to -1.01. The value of Return On Capital Employed is expected to slide to -1.15. At this time, Avita Medical's Intangible Assets are quite stable compared to the past year. Net Current Asset Value is expected to rise to about 2.9 M this year, although the value of Net Tangible Assets will most likely fall to about 51.6 M.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Avita Medical's 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.
Avita Medical Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Avita Medical 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 Avita 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 Avita Medical 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 Avita Stock performing well and Avita Medical 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 Avita Medical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NSPR | 3.42 | (0.46) | 0.00 | (0.26) | 0.00 | 6.53 | 24.29 | |||
| HYPR | 4.06 | (0.03) | 0.00 | 0.02 | 4.31 | 9.09 | 18.87 | |||
| VANI | 3.03 | (0.14) | 0.00 | (0.32) | 0.00 | 6.99 | 18.98 | |||
| QIPT | 1.98 | 0.55 | 0.20 | 1.80 | 1.56 | 5.36 | 34.66 | |||
| APYX | 2.91 | 0.46 | 0.13 | (2.71) | 2.75 | 8.25 | 21.53 | |||
| XTNT | 3.13 | (0.47) | 0.00 | 1.08 | 0.00 | 5.71 | 19.92 | |||
| OVID | 4.08 | 0.07 | 0.02 | 0.08 | 4.82 | 9.20 | 36.13 | |||
| FONR | 1.24 | 0.33 | 0.28 | 5.11 | 0.59 | 1.96 | 27.25 | |||
| STTK | 3.59 | 1.08 | 0.32 | 3.68 | 2.84 | 6.42 | 27.07 | |||
| LUCD | 2.42 | (0.08) | 0.00 | (0.05) | 0.00 | 4.76 | 18.00 |
Cross Equities Net Income Analysis
Compare Avita Medical and related stocks such as InspireMD, Hyperfine, and Vivani Medical Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSPR | (3.8 K) | (17.6 M) | (17.6 M) | (29.3 M) | (25.1 M) | (15.6 M) | (8.5 M) | (8.4 M) | (7.2 M) | (10 M) | (10.5 M) | (14.9 M) | (18.5 M) | (19.9 M) | (32 M) | (28.8 M) | (27.4 M) |
| HYPR | (18.8 M) | (18.8 M) | (18.8 M) | (18.8 M) | (18.8 M) | (18.8 M) | (18.8 M) | (18.8 M) | (18.8 M) | (18.8 M) | (23.4 M) | (64.8 M) | (73.2 M) | (44.2 M) | (40.7 M) | (36.6 M) | (38.5 M) |
| VANI | (16.3 M) | (16.3 M) | (16.3 M) | (23 M) | (35.2 M) | (20 M) | (33.2 M) | (28.5 M) | (35.1 M) | (33.6 M) | (9.3 M) | (12.8 M) | (13.9 M) | (25.7 M) | (23.5 M) | (27 M) | (28.4 M) |
| QIPT | (34.1 K) | (548 K) | (2.5 M) | (1.4 M) | (18.3 M) | (57.4 M) | (19.2 M) | 14.5 M | (5.6 M) | (4.6 M) | (6.2 M) | 4.8 M | (2.8 M) | (6.8 M) | (10.6 M) | (9.5 M) | (9 M) |
| APYX | (154.1 K) | 109 K | 617 K | (4.3 M) | (17.3 M) | (5.4 M) | (4 M) | (5.1 M) | 64 M | (19.7 M) | (11.9 M) | (15.2 M) | (23.2 M) | (18.7 M) | (23.5 M) | (21.1 M) | (20.1 M) |
| XTNT | (15.8 K) | (3 M) | (7.7 M) | (12.7 M) | (10.5 M) | (2.2 M) | (19.5 M) | (52.4 M) | (70.1 M) | (8.2 M) | (7 M) | (4.8 M) | (8.5 M) | 660 K | (16.4 M) | (14.8 M) | (15.5 M) |
| OVID | (447 K) | (447 K) | (447 K) | (447 K) | (447 K) | (13.2 M) | (22.4 M) | (64.8 M) | (52 M) | (59.3 M) | (80.7 M) | 122.8 M | (51.4 M) | (52.3 M) | (26.4 M) | (23.8 M) | (25 M) |
| FONR | (7.5 M) | 5.8 M | 8.7 M | 10.4 M | 12.9 M | 15.7 M | 19.6 M | 21.2 M | 15.3 M | 8.2 M | 10.2 M | 12.4 M | 9.4 M | 10.6 M | 8.3 M | 9.6 M | 10.1 M |
| STTK | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (7.4 M) | (24 M) | (35.4 M) | (45 M) | (100.6 M) | (87.3 M) | (75.4 M) | (67.9 M) | (71.3 M) |
| LUCD | (1.1 M) | (1.1 M) | (1.1 M) | (1.1 M) | (1.1 M) | (1.1 M) | (1.1 M) | (1.1 M) | (1.1 M) | (4.4 M) | (8.3 M) | (28.1 M) | (56.2 M) | (52.7 M) | (45.5 M) | (41 M) | (43 M) |
Avita Medical and related stocks such as InspireMD, Hyperfine, and Vivani Medical Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Avita Medical financial statement analysis. It represents the amount of money remaining after all of Avita Medical operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Avita Medical Competitive Analysis
The better you understand Avita Medical competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Avita Medical'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 Avita Medical'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 |
Avita Medical Competition Performance Charts
Five steps to successful analysis of Avita Medical Competition
Avita Medical'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 Avita Medical in relation to its competition. Avita Medical's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Avita Medical 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 Avita Medical's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Avita Medical, 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 Avita Medical position
In addition to having Avita Medical 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 Aluminum Thematic Idea Now
Aluminum
Companies involved in production of aluminum. The Aluminum theme has 39 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 Aluminum Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Avita Medical Correlation with its peers. For more information on how to buy Avita Stock please use our How to buy in Avita Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Biotechnology 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 Avita Medical. Anticipated expansion of Avita 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 Avita Medical assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Earnings Share (1.81) | Revenue Per Share | Quarterly Revenue Growth (0.13) | Return On Assets | Return On Equity |
Investors evaluate Avita Medical using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Avita Medical's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Avita Medical's market price to deviate significantly from intrinsic value.
It's important to distinguish between Avita Medical's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Avita Medical should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Avita Medical's market price signifies the transaction level at which participants voluntarily complete trades.