Alpha Competitors
| TKNO Stock | USD 2.00 0.13 6.10% |
Alpha Teknova vs NeoGenomics Correlation
Good diversification
The correlation between Alpha Teknova and NEO is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Teknova and NEO in the same portfolio, assuming nothing else is changed.
Moving together with Alpha Stock
Moving against Alpha Stock
| 0.87 | 6C1 | CytomX Therapeutics | PairCorr |
| 0.82 | DRTS | Alpha Tau Medical | PairCorr |
| 0.73 | DNTH | Dianthus Therapeutics | PairCorr |
| 0.71 | EQ | Equillium | PairCorr |
| 0.71 | CMB | Cambium Bio | PairCorr |
Alpha Teknova Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Alpha Teknova 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 Alpha 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 Alpha Teknova 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 Alpha Stock performing well and Alpha Teknova 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 Alpha Teknova'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LFCR | 2.08 | (0.08) | 0.00 | (0.01) | 0.00 | 5.63 | 16.31 | |||
| BIOA | 4.44 | 1.61 | 0.48 | 3.38 | 2.56 | 13.88 | 33.50 | |||
| CGC | 4.38 | 0.01 | (0.01) | 0.09 | 4.65 | 8.40 | 66.41 | |||
| ACB | 2.71 | (0.38) | 0.00 | (0.60) | 0.00 | 5.14 | 30.41 | |||
| XGN | 2.71 | (1.65) | 0.00 | (0.84) | 0.00 | 3.86 | 17.46 | |||
| IRWD | 4.24 | 0.96 | 0.25 | 0.69 | 3.39 | 14.23 | 33.52 | |||
| IMMP | 3.43 | 0.68 | 0.18 | 0.80 | 3.11 | 7.41 | 34.19 | |||
| PRQR | 3.32 | (0.54) | 0.00 | (1.01) | 0.00 | 5.83 | 25.48 | |||
| CVRX | 3.58 | (0.97) | 0.00 | (0.65) | 0.00 | 8.05 | 28.35 | |||
| NEO | 1.82 | 0.10 | 0.04 | 0.18 | 2.19 | 4.99 | 14.15 |
Cross Equities Net Income Analysis
Compare Alpha Teknova and related stocks such as Lifecore Biomedical, BioAge Labs, and Canopy Growth Corp Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LFCR | (4.2 M) | 12.7 M | 22.6 M | 19.1 M | 13.5 M | (11.6 M) | 10.6 M | 24.8 M | 2.1 M | (38.2 M) | (32.3 M) | (97.4 M) | (116.7 M) | 12 M | (38.7 M) | (34.8 M) | (33.1 M) |
| BIOA | (33.2 M) | (33.2 M) | (33.2 M) | (33.2 M) | (46.4 M) | (37.2 M) | (22.5 M) | (98.2 M) | (39.7 M) | (39.7 M) | (39.7 M) | (39.7 M) | (39.7 M) | (63.9 M) | (71.1 M) | (64 M) | (67.2 M) |
| CGC | (26.9 K) | (21.4 K) | (64.6 K) | (932.9 K) | (8.9 M) | (3.5 M) | (16.6 M) | (54.1 M) | (670.1 M) | (1.3 B) | (1.7 B) | (310 M) | (3.3 B) | (657.3 M) | (598.1 M) | (8.9 M) | (9.4 M) |
| ACB | 1.3 K | (315.8 K) | (393.5 K) | (399.7 K) | (9.5 M) | (5.7 M) | (13 M) | 71.9 M | (293.5 M) | (3.3 B) | (693.6 M) | (1.7 B) | (816.6 M) | (69.3 M) | 1.6 M | 1.4 M | 1.5 M |
| XGN | (7.3 M) | (7.3 M) | (7.3 M) | (13.5 M) | (15 M) | (19.2 M) | (25.6 M) | (25.6 M) | (8 M) | (12 M) | (16.7 M) | (26.9 M) | (47.4 M) | (23.7 M) | (15.1 M) | (13.6 M) | (14.3 M) |
| IRWD | (37.2 M) | (64.9 M) | (72.6 M) | (272.8 M) | (189.6 M) | (142.7 M) | (81.7 M) | (116.9 M) | (282.4 M) | 21.5 M | 106.2 M | 528.4 M | 175.1 M | (1 B) | 880 K | 792 K | 831.6 K |
| IMMP | (1.9 M) | (19.9 M) | (15.2 M) | (13.3 M) | (32.2 M) | (62 M) | (9.4 M) | (12.7 M) | (16.3 M) | (13.5 M) | (29.9 M) | (32.2 M) | (39.9 M) | (42.7 M) | (61.4 M) | (55.3 M) | (52.5 M) |
| PRQR | (3.3 M) | (3.3 M) | (3.3 M) | (3.3 M) | (12.1 M) | (20.8 M) | (39.1 M) | (43.6 M) | (36.9 M) | (56.7 M) | (46.6 M) | (60.7 M) | (64.4 M) | (28.1 M) | (27.8 M) | (25 M) | (26.2 M) |
| CVRX | (14.6 M) | (14.6 M) | (14.6 M) | (14.6 M) | (14.6 M) | (14.6 M) | (14.6 M) | (14.6 M) | (14.6 M) | (14.6 M) | (14.1 M) | (43.1 M) | (41.4 M) | (41.2 M) | (60 M) | (53.3 M) | (56 M) |
| NEO | (970 K) | (1.2 M) | 65 K | 2 M | 1.1 M | (2.5 M) | (6.1 M) | (396 K) | 2.6 M | 8 M | 4.2 M | (8.3 M) | (144.2 M) | (88 M) | (78.7 M) | (70.9 M) | (67.3 M) |
Alpha Teknova and related stocks such as Lifecore Biomedical, BioAge Labs, and Canopy Growth Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Alpha Teknova financial statement analysis. It represents the amount of money remaining after all of Alpha Teknova operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Alpha Teknova Competitive Analysis
The better you understand Alpha Teknova competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Alpha Teknova'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 Alpha Teknova'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 |
Alpha Teknova Competition Performance Charts
Five steps to successful analysis of Alpha Teknova Competition
Alpha Teknova'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 Alpha Teknova in relation to its competition. Alpha Teknova's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Alpha Teknova 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 Alpha Teknova's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Alpha Teknova, 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 Alpha Teknova position
In addition to having Alpha Teknova 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 Apparel Thematic Idea Now
Apparel
Companies manufacturing textile accessories and apparel products. The Apparel theme has 22 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 Apparel Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Alpha Teknova Correlation with its peers. To learn how to invest in Alpha Stock, please use our How to Invest in Alpha Teknova guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Will Biotechnology sector continue expanding? Could Alpha diversify its offerings? Factors like these will boost the valuation of Alpha Teknova. If investors know Alpha will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Alpha Teknova data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (0.33) | Revenue Per Share | Quarterly Revenue Growth 0.092 | Return On Assets | Return On Equity |
Understanding Alpha Teknova requires distinguishing between market price and book value, where the latter reflects Alpha's accounting equity. The concept of intrinsic value - what Alpha Teknova's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Alpha Teknova's price substantially above or below its fundamental value.
Please note, there is a significant difference between Alpha Teknova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Teknova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Alpha Teknova's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.