SBA Competitors
| SBAC Stock | USD 190.96 1.88 0.99% |
SBA Communications vs Mid America Correlation
Very good diversification
The correlation between SBA Communications Corp and MAA is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBA Communications Corp and MAA in the same portfolio, assuming nothing else is changed.
Moving together with SBA Stock
Moving against SBA Stock
| 0.79 | SMTGF | SMA Solar Technology | PairCorr |
| 0.71 | MAZE | Maze Therapeutics Common | PairCorr |
| 0.7 | TSBK | Timberland Bancorp | PairCorr |
| 0.69 | HE | Hawaiian Electric | PairCorr |
| 0.65 | UEIC | Universal Electronics Earnings Call Today | PairCorr |
SBA Communications Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between SBA Communications 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 SBA 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 SBA Communications Corp does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SBA Stock performing well and SBA Communications 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 SBA Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EQR | 0.96 | 0.17 | 0.05 | (0.99) | 1.10 | 2.09 | 6.31 | |||
| WY | 1.18 | 0.23 | 0.15 | 0.51 | 0.92 | 3.49 | 8.64 | |||
| INVH | 1.14 | (0.02) | 0.00 | 0.18 | 0.00 | 2.16 | 8.31 | |||
| AVB | 0.97 | 0.00 | (0.03) | 0.09 | 1.27 | 2.29 | 7.11 | |||
| BEKE | 1.65 | 0.17 | 0.10 | 0.24 | 1.69 | 3.64 | 10.05 | |||
| LAMR | 0.98 | 0.14 | 0.07 | 0.52 | 0.89 | 2.23 | 7.61 | |||
| GLPI | 0.91 | 0.10 | 0.00 | (3.08) | 0.93 | 2.67 | 5.95 | |||
| ESS | 0.96 | 0.01 | (0.04) | 0.11 | 1.12 | 2.14 | 5.23 | |||
| MAA | 0.93 | 0.07 | 0.02 | 0.26 | 1.06 | 2.15 | 6.14 |
Cross Equities Net Income Analysis
Compare SBA Communications Corp and related stocks such as Equity Residential, Weyerhaeuser, and Invitation Homes Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EQR | 6.1 M | 893.6 M | 841.7 M | 1.8 B | 631.3 M | 870.1 M | 4.3 B | 603.5 M | 657.5 M | 970.4 M | 913.6 M | 1.3 B | 776.9 M | 835.4 M | 1 B | 1.1 B | 836.5 M |
| WY | 200.1 M | 331 M | 385 M | 563 M | 1.8 B | 506 M | 1 B | 582 M | 748 M | (76 M) | 797 M | 2.6 B | 1.9 B | 839 M | 396 M | 324 M | 626.5 M |
| INVH | (269.9 M) | (269.9 M) | (269.9 M) | (269.9 M) | (269.9 M) | (160.2 M) | (78.2 M) | (105.3 M) | (4.9 M) | 145.5 M | 196.2 M | 261.4 M | 383.3 M | 519.5 M | 453.9 M | 522 M | 548.1 M |
| AVB | 7.5 M | 441.6 M | 423.9 M | 353.1 M | 683.6 M | 742 M | 1 B | 876.9 M | 974.5 M | 786 M | 827.6 M | 1 B | 1.1 B | 928.8 M | 1.1 B | 1.1 B | 533.4 M |
| BEKE | (574.4 M) | (574.4 M) | (574.4 M) | (574.4 M) | (574.4 M) | (574.4 M) | (574.4 M) | (574.4 M) | (467.8 M) | (2.2 B) | 2.8 B | (524.8 M) | (1.4 B) | 5.9 B | 4.1 B | 4.7 B | 4.9 B |
| LAMR | 10.7 M | 8.6 M | 9.8 M | 40.1 M | 253.5 M | 262.6 M | 298.8 M | 317.7 M | 305.2 M | 372.1 M | 243.4 M | 388.1 M | 438.6 M | 495.8 M | 361.9 M | 416.1 M | 437 M |
| GLPI | 26.7 M | 26.7 M | 22.9 M | 19.8 M | 185.4 M | 128.1 M | 289.3 M | 380.6 M | 339.5 M | 390.9 M | 505.7 M | 534 M | 684.7 M | 734.3 M | 784.6 M | 902.3 M | 947.4 M |
| ESS | 3.3 M | 47.1 M | 125.3 M | 156.3 M | 122.2 M | 232.1 M | 415 M | 433.1 M | 390.2 M | 439.3 M | 568.9 M | 488.6 M | 408.3 M | 405.8 M | 741.5 M | 672.5 M | 706.1 M |
| MAA | 7 M | 48.8 M | 105.2 M | 115.3 M | 148 M | 332.3 M | 212.2 M | 328.4 M | 222.9 M | 353.8 M | 254.6 M | 533.8 M | 637.4 M | 552.8 M | 527.5 M | 446.9 M | 469.3 M |
SBA Communications Corp and related stocks such as Equity Residential, Weyerhaeuser, and Invitation Homes Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in SBA Communications Corp financial statement analysis. It represents the amount of money remaining after all of SBA Communications Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.SBA Communications Competitive Analysis
The better you understand SBA Communications competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, SBA Communications' 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 SBA Communications' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
SBA Communications Competition Performance Charts
Five steps to successful analysis of SBA Communications Competition
SBA Communications' 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 SBA Communications Corp in relation to its competition. SBA Communications' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of SBA Communications 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 SBA Communications' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to SBA Communications Corp, 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.
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Check out SBA Communications Correlation with its peers. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Will Telecom Tower REITs sector continue expanding? Could SBA diversify its offerings? Factors like these will boost the valuation of SBA Communications. If investors know SBA will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every SBA Communications data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.08) | Dividend Share 4.31 | Earnings Share 7.94 | Revenue Per Share | Quarterly Revenue Growth 0.097 |
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA that is recorded on the company's balance sheet. Investors also form their own opinion of SBA Communications' value that differs from its market value or its book value, called intrinsic value, which is SBA Communications' true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because SBA Communications' market value can be influenced by many factors that don't directly affect SBA Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SBA Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if SBA Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, SBA Communications' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
