Twin Competitors
| TWN Stock | EUR 15.30 0.30 2.00% |
Twin Disc vs BANK MANDIRI Correlation
Very weak diversification
The correlation between Twin Disc Incorporated and PQ9 is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Twin Disc Incorporated and PQ9 in the same portfolio, assuming nothing else is changed.
Moving together with Twin Stock
Moving against Twin Stock
Twin Disc Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Twin Disc 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 Twin 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 Twin Disc 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 Twin Stock performing well and Twin Disc 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 Twin Disc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BYRA | 0.86 | (0.05) | 0.00 | 0.13 | 0.00 | 5.88 | 12.13 | |||
| BYRA | 1.29 | (0.21) | 0.00 | (0.39) | 0.00 | 5.00 | 35.71 | |||
| BYRA | 3.82 | 0.05 | (0.01) | 0.01 | 4.39 | 11.11 | 26.67 | |||
| BYRA | 1.70 | 0.22 | 0.03 | (0.74) | 2.01 | 5.88 | 17.03 | |||
| BZG2 | 0.66 | (0.07) | 0.00 | 4.61 | 0.00 | 2.56 | 5.26 | |||
| BZG2 | 0.75 | (0.23) | 0.00 | (1.14) | 0.00 | 0.00 | 12.89 | |||
| BZG2 | 2.82 | (0.14) | 0.00 | 0.75 | 0.00 | 7.50 | 22.82 | |||
| PQ9 | 4.85 | 0.31 | 0.04 | 0.18 | 5.73 | 17.39 | 40.26 | |||
| PQ9 | 0.87 | 0.09 | 0.00 | 0.54 | 0.00 | 4.00 | 24.58 | |||
| PQ9 | 0.69 | 0.07 | 0.00 | 0.98 | 0.00 | 4.55 | 9.31 |
Twin Disc Competitive Analysis
The better you understand Twin Disc competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Twin Disc'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 Twin Disc'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 |
Twin Disc Competition Performance Charts
Five steps to successful analysis of Twin Disc Competition
Twin Disc'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 Twin Disc in relation to its competition. Twin Disc's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Twin Disc 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 Twin Disc's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Twin Disc, 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 Twin Disc position
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Wireless
Companies providing wireless technology and communication services. The Wireless theme has 38 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 Wireless Theme or any other thematic opportunities.
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Check out Twin Disc Correlation with its peers. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.