Turbodyne Competitors
| TRBD Stock | USD 0.0001 0.00 0.00% |
Turbodyne Technologies vs Triumph Apparel Correlation
No risk reduction
The correlation between Turbodyne Technologies and TRUA is 1.0 (i.e., No risk reduction) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turbodyne Technologies and TRUA in the same portfolio, assuming nothing else is changed.
Turbodyne Technologies Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Turbodyne Technologies 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 Turbodyne 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 Turbodyne Technologies does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Turbodyne Stock performing well and Turbodyne Technologies 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 Turbodyne Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GDET | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XFTB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SAML | 8.03 | 0.34 | 0.00 | 0.01 | 0.00 | 0.00 | 233.33 | |||
| CSBI | 268.36 | 127.37 | 0.00 | 1.40 | 0.00 | 0.00 | 8,991 | |||
| FUNFF | 125.33 | 63.63 | 1.01 | (22.13) | 41.38 | 450.00 | 890.00 | |||
| EXPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EGTK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MOND | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EMBR | 7.35 | 0.48 | 0.02 | 0.33 | 9.84 | 25.00 | 108.33 | |||
| TRUA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Turbodyne Technologies Competitive Analysis
The better you understand Turbodyne Technologies competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Turbodyne Technologies' 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 Turbodyne Technologies' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Turbodyne Technologies Competition Performance Charts
Five steps to successful analysis of Turbodyne Technologies Competition
Turbodyne Technologies' 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 Turbodyne Technologies in relation to its competition. Turbodyne Technologies' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Turbodyne Technologies 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 Turbodyne Technologies' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Turbodyne Technologies, 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 Turbodyne Technologies Correlation with its peers. For information on how to trade Turbodyne Stock refer to our How to Trade Turbodyne Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Will Automotive Parts & Equipment sector continue expanding? Could Turbodyne diversify its offerings? Factors like these will boost the valuation of Turbodyne Technologies. If investors know Turbodyne will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Turbodyne Technologies data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Turbodyne Technologies's market price often diverges from its book value, the accounting figure shown on Turbodyne's balance sheet. Smart investors calculate Turbodyne Technologies' intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Turbodyne Technologies' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between Turbodyne Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Turbodyne Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turbodyne Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.