Compare Shelf to Solstad, Eidesvik, Elkem, Vow, North, Arcticzymes

Comparing Shelf to Solstad, Eidesvik, Elkem, Vow, North, Arcticzymes can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.
Specify up to 10 symbols:

Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
EIOF
+ 0.83
SOFF
VOW
+ 0.81
SOFF
AZT
+ 0.8
EIOF
VOW
+ 0.78
EIOF
AZT
+ 0.71
VOW
AZT
+ 0.69
SOFF
  
High negative correlations   
NORTH
- 0.59
SHLF
AZT
- 0.52
NORTH
NORTH
- 0.47
EIOF
NORTH
- 0.2
SOFF
NORTH
- 0.1
ELK
NORTH
- 0.04
VOW

Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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.
All Fundamental Data

Competitive Analysis

    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
SHLF SOFF EIOF ELK VOW NORTH AZT
 20.13 
 10.20 
Shelf
 21.21 
 40.00 
Solstad
 0.30 
 13.54 
Eidesvik
 1.00 
 18.22 
Elkem
 2.33 
 2.10 
Vow
 1.82 
 2.80 
North
 1.53 
 13.30 
Arcticzymes
Market Volatility
(90 Days Market Risk)
Somewhat reliable
Very steady
Not too volatile
Not too volatile
Extremely Dangerous
Slightly risky
Somewhat reliable
Market Performance
(90 Days Performance)
Very Weak
Weak
Very Weak
Very Weak
Very Weak
Insignificant
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Average
About Average
Below Average
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Under Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Sell
Cautious Hold
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Current Ratio
N/A
0.10 X
3.21 X
2.14 X
3.55 X
49.95 X
14.94 X
Net Asset
1.62 B
24.94 B
2.75 B
52.78 B
1.11 B
338.99 M
284.11 M
Profit Margin
(0.07) %
(0.33) %
0.35 %
0.21 %
0.52 %
N/A
0.24 %
EBITDA
118.78 M
1.24 B
58.65 M
13.48 B
357.9 M
(45.12 M)
62.89 M
Operating Margin
0.16 %
0.08 %
0.05 %
0.26 %
0.07 %
(143.76) %
0.27 %
Current Valuation
16.2 B
23.44 B
1.52 B
25.67 B
2.36 B
97.1 M
3.42 B
Price To Book
1.46 X
2.25 X
0.85 X
0.77 X
3.87 X
0.77 X
13.01 X
Current Asset
N/A
1.77 B
874 M
N/A
N/A
730 M
N/A
Retained Earnings
N/A
N/A
1.67 B
N/A
N/A
(698 M)
N/A
Five Year Return
N/A
N/A
2.13 %
N/A
N/A
N/A
N/A
Beta
2.27
2.99
0.99
1.59
1.37
0.98
1.13
Number Of Employees
2.11 K
3.6 K
471
7.3 K
232
2
60
Shares Outstanding
194.01 M
77.31 M
62.15 M
635.52 M
113.84 M
117.25 M
50.57 M
Cash Flow From Operations
(16.24 M)
1.38 B
177.12 M
9.31 B
18 M
(15.6 M)
74.97 M
Annual Yield
N/A
N/A
N/A
0.16 %
N/A
0.16 %
N/A
Total Debt
1.19 B
17.81 B
1.1 B
10.33 B
251.4 M
2.54 M
14.47 M
Return On Equity
-0.19
-0.9
0.52
0.4
0.64
-0.038
0.13
Z Score
3.0
N/A
N/A
1.2
5.4
59.0
88.2
Return On Asset
0.0342
0.0113
0.0072
0.15
0.0255
-0.0351
0.0756
Book Value Per Share
1.35 X
12.46 X
9.66 X
45.14 X
4.56 X
2.84 X
5.63 X
Current Liabilities
N/A
2.69 B
471 M
N/A
N/A
584 M
N/A
Total Asset
1.62 B
24.94 B
2.75 B
52.78 B
1.11 B
338.99 M
284.11 M
Target Price
38.7
33.0
12.0
44.4
22.0
1.1
N/A
Debt To Equity
N/A
872.20 %
185.70 %
85.60 %
0.58 %
1.40 %
0.08 %
Last Dividend Paid
N/A
N/A
N/A
6.0
N/A
N/A
N/A
Shares Owned By Institutions
32.31 %
8.71 %
N/A
27.78 %
7.89 %
0.01 %
20.32 %
Market Capitalization
6.32 B
3.85 B
745.8 M
24.28 B
2.35 B
263.82 M
2.13 B
Price To Earning
N/A
(0.29) X
1.24 X
6.16 X
88.42 X
34.04 X
45.11 X
Price To Sales
5.91 X
0.37 X
0.83 X
0.49 X
3.07 X
1,839 X
25.59 X
Net Income
(78.64 M)
(1.1 B)
(15.75 M)
12.41 B
322.3 M
(27.83 M)
46.38 M
Earnings Per Share
(4.83) X
(13.61) X
3.46 X
16.77 X
2.95 X
0.29 X
0.90 X
Shares Owned By Insiders
13.80 %
47.05 %
81.18 %
55.40 %
62.50 %
61.06 %
34.44 %
Revenue
526.57 M
5.13 B
569.48 M
45.02 B
454.1 M
178 K
127.97 M
Working Capital
N/A
(922 M)
403 M
N/A
N/A
146 M
N/A
Cash And Equivalents
232.31 M
2.46 B
330.4 M
9.26 B
303 M
39.99 M
200.42 M
Cash Per Share
N/A
2.74 X
7.13 X
9.23 X
2.65 X
2.15 X
3.52 X
Gross Profit
163.64 M
2.81 B
296.44 M
23.64 B
171.6 M
178 K
132.48 M
Day Typical Price
10.93
37.75
13.55
18.08
2.11
2.77
13.26
Accumulation Distribution
2 M
581281.0
425.67
21517.16
29867.03
0.0357
930.69
Market Facilitation Index
N/A
0.0
0.0
0.0
N/A
0.1
0.0
Daily Balance Of Power
(1.17)
0.9333
0.1538
0.4
(0.31)
0.5
0.4167
Period Momentum Indicator
(2.57)
7.0
0.04
0.18
(0.05)
0.05
0.2
Rate Of Daily Change
0.8
1.21
1.0
1.01
0.98
1.02
1.02
Day Median Price
11.3
36.63
13.55
18.01
2.11
2.75
13.24
Price Action Indicator
(2.39)
6.87
0.01
0.3
(0.04)
0.075
0.16
Relative Strength Index
3.71
5.48
1.64
47.27
52.22
56.66
78.99
Coefficient Of Variation
(587.96)
(954.71)
(600.17)
(1,429)
(698.10)
1473.2
(472.80)
Mean Deviation
2.19
1.66
1.62
1.66
5.48
1.17
2.02
Jensen Alpha
(0.47)
(0.23)
(0.43)
(0.20)
(1.39)
0.0702
(0.63)
Total Risk Alpha
(0.86)
(0.49)
(0.69)
(0.45)
(2.46)
(0.11)
(1.16)
Sortino Ratio
N/A
N/A
N/A
N/A
N/A
(0)
N/A
Downside Variance
N/A
N/A
N/A
N/A
N/A
3.45
N/A
Standard Deviation
2.83
2.06
2.27
2.21
8.97
1.58
3.35
Kurtosis
(0.09)
0.1364
2.57
1.04
6.92
0.7903
13.41
Potential Upside
4.16
3.39
2.61
3.38
7.78
2.77
4.29
Treynor Ratio
2.66
(2.56)
(1.05)
(0.49)
(1.35)
0.357
0.7989
Maximum Drawdown
13.03
9.8
12.7
12.04
66.61
7.51
25.36
Variance
8.0
4.23
5.17
4.88
80.39
2.5
11.25
Market Risk Adjusted Performance
2.67
(2.55)
(1.04)
(0.48)
(1.34)
0.367
0.8089
Risk Adjusted Performance
(0.12)
(0.07)
(0.12)
(0.05)
(0.10)
0.0569
(0.15)
Skewness
0.1357
(0.15)
0.3372
(0.03)
0.1229
(0.33)
(2.38)
Semi Deviation
N/A
N/A
N/A
N/A
N/A
1.47
N/A
Information Ratio
(0.21)
(0.16)
(0.21)
(0.12)
(0.16)
(0)
(0.24)
Value At Risk
(5.13)
(2.77)
(3.40)
(3.71)
(15.59)
(2.62)
(4.71)
Expected Short fall
N/A
N/A
N/A
N/A
N/A
(1.40)
N/A
Downside Deviation
N/A
N/A
N/A
N/A
N/A
1.86
N/A
Semi Variance
N/A
N/A
N/A
N/A
N/A
2.16
N/A

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.
Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, 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 the competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats 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.

Investing Ideas

You can quickly originate your optimal portfoio 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
Check out your portfolio center.
Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Other Complementary Tools

Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY