Compare Two to Chimera, ARMOUR, Arbor, Orchid, Invesco, New

Comparing Two to Chimera, ARMOUR, Arbor, Orchid, Invesco, New 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.

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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.

	TWO	CIM	ARR	ABR	ORC	IVR	NYMT
TWO		0.51	0.9	-0.42	0.63	0.61	0.5	TWO
CIM	0.51		0.68	0.37	0.4	0.81	0.13	CIM
ARR	0.9	0.68		-0.19	0.8	0.75	0.56	ARR
ABR	-0.42	0.37	-0.19		-0.22	0.38	-0.43	ABR
ORC	0.63	0.4	0.8	-0.22		0.53	0.66	ORC
IVR	0.61	0.81	0.75	0.38	0.53		0.22	IVR
NYMT	0.5	0.13	0.56	-0.43	0.66	0.22		NYMT
	TWO	CIM	ARR	ABR	ORC	IVR	NYMT

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High positive correlations

ARR	+ 0.9	TWO
IVR	+ 0.81	CIM
ORC	+ 0.8	ARR
IVR	+ 0.75	ARR
ARR	+ 0.68	CIM
NYMT	+ 0.66	ORC

High negative correlations

NYMT	- 0.43	ABR
ABR	- 0.42	TWO
ORC	- 0.22	ABR
ABR	- 0.19	ARR

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TWO	0.95	(0.26)	0.00	(0.27)	0.00	0.00	1.56	(2.21)	8.41
CIM	1.02	(0.07)	(0.07)	0.02	1.52	(1.01)	1.80	(2.36)	8.55
ARR	0.75	(0.10)	0.00	(0.12)	0.00	0.00	1.47	(2.02)	4.86
ABR	1.16	0.12	0.06	0.30	1.25	(1.25)	2.38	(2.19)	6.99
ORC	0.86	(0.03)	(0.07)	0.05	1.38	(0.84)	1.66	(2.11)	6.35
IVR	1.04	(0.04)	(0.07)	0.02	1.50	(1.03)	1.85	(2.89)	6.35
NYMT	1.38	(0.16)	0.00	(0.10)	0.00	0.00	2.48	(3.32)	7.18

Cross Equities Net Income Analysis

Compare Two Harbors Investments, Chimera Investment, and ARMOUR Residential REIT Net Income Over Time

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	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
TWO	714.6 K	127.4 M	291.9 M	579 M	167.1 M	492.2 M	353.3 M	348.6 M	(44.3 M)	324 M	(1.6 B)	187.2 M	220.2 M	(152 M)	(144.4 M)
ARR	867.3 K	(9.4 M)	220.3 M	(201.3 M)	(194.7 M)	(46.8 M)	(61.1 M)	165.3 M	(123 M)	(265.5 M)	(224.9 M)	3.9 M	(241.9 M)	(67.9 M)	(71.3 M)
ABR	3.4 M	(40.3 M)	21.5 M	21.2 M	93 M	53.4 M	50.3 M	73.4 M	115.9 M	128.6 M	170.9 M	339.3 M	325.8 M	371.4 M	390 M
ORC	(30.2 K)	(1.2 M)	534.3 K	(698 K)	24.5 M	1.1 M	2 M	2 M	(44.4 M)	24.3 M	2.1 M	(64.8 M)	(258.5 M)	(39.2 M)	(41.2 M)
IVR	15.1 M	281.9 M	339.9 M	141.6 M	(199.4 M)	104 M	254.4 M	348.6 M	(70.8 M)	364.1 M	(1.7 B)	(90 M)	(454.5 M)	(15.9 M)	(16.7 M)
NYMT	527 K	4.8 M	28.3 M	69 M	136.2 M	78 M	67.6 M	92 M	102.9 M	173.7 M	(288.2 M)	193.2 M	(340.6 M)	(48.7 M)	(46.2 M)

Two Harbors Investments, Chimera Investment, and ARMOUR Residential REIT Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in entities financial statement analysis. It represents the amount of money remaining after all of organizations operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	TWO	CIM	ARR	ABR	ORC	IVR	NYMT
	1.56 11.74 Two	0.27 14.66 Chimera	0.05 18.69 ARMOUR	0.55 14.58 Arbor	0.38 7.90 Orchid	1.11 8.20 Invesco	1.53 5.98 New
Market Volatility (90 Days Market Risk)	Very steady	Not too volatile	Very steady	Very steady	Very steady	Not too volatile	Not too volatile
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	OK	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Average	Above Average	Average	Low	Above Average	Quite High	Average
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Hold	Hold	Hold	Buy	Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Buy	Buy	Buy	Strong Buy	Strong Hold	Strong Hold	Strong Hold
Current Ratio	0.20 X	2.43 X	1.15 X	3.91 X	0.12 X	0.08 X	52.15 X
Net Asset	13.14 B	12.93 B	12.34 B	15.74 B	4.26 B	5.28 B	7.4 B
Profit Margin	N/A	0.80 %	0.71 %	0.46 %	0.78 %	0.81 %	0.04 %
EBITDA	(129.03 M)	643.24 M	457.87 M	1.39 B	162.69 M	222.84 M	206.44 M
Operating Margin	4.96 %	0.87 %	0.86 %	0.49 %	0.80 %	0.90 %	0.42 %
Current Valuation	10.97 B	11.84 B	(1.93 B)	13.24 B	5.51 B	5.9 B	8.02 B
Price To Book	0.78 X	0.43 X	0.79 X	1.15 X	0.95 X	0.86 X	0.60 X
Retained Earnings	(4.16 B)	(2 B)	(3.05 B)	115.22 M	(380.43 M)	(3.52 B)	(1.25 B)
Current Asset	2.96 M	180.31 M	589.26 M	N/A	79.12 M	443.96 M	61.96 M
Five Year Return	12.34 %	12.50 %	13.31 %	9.04 %	18.36 %	18.91 %	14.15 %
Beta	1.89	1.8	1.51	2.01	1.86	1.86	1.98
Number Of Employees	466	39	N/A	647	N/A	N/A	79
Shares Outstanding	103.65 M	80.88 M	55.76 M	188.61 M	78.54 M	60.73 M	90.58 M
Cash Flow From Operations	343.51 M	213.27 M	132.82 M	235.86 M	8 M	237.79 M	30.05 M
Annual Yield	0.15 %	0.10 %	0.15 %	0.12 %	0.18 %	0.20 %	0.13 %
Total Debt	1.89 B	10.11 B	9.65 B	9.4 B	3.71 B	4.46 B	5.28 B
Return On Equity	-0.19	0.14	0.1	0.0995	0.11	0.1	-0.02
Return On Asset	-0.0307	0.0266	0.0096	0.0214	0.0109	0.014	-0.0039
Number Of Shares Shorted	3.22 M	1.97 M	3.79 M	59.37 M	6.81 M	4.34 M	2.8 M
Book Value Per Share	15.13 X	33.84 X	23.86 X	12.72 X	8.40 X	9.52 X	10.03 X
Current Liabilities	193.56 K	8.13 B	11.6 B	N/A	1.99 B	12.22 B	1.02 B
Total Asset	13.14 B	12.93 B	12.34 B	15.74 B	4.26 B	5.28 B	7.4 B
Debt To Equity	5.57 %	3.86 %	8.74 %	4.92 %	7.51 %	5.11 %	2.27 %
Short Ratio	2.28 X	4.10 X	2.54 X	27.28 X	3.48 X	2.93 X	3.76 X
Target Price	13.91	16.0	20.17	14.54	9.5	8.83	9.93
Last Dividend Paid	1.8	1.38	3.36	1.72	1.44	1.6	0.8
Shares Owned By Institutions	68.01 %	57.06 %	49.22 %	60.94 %	31.25 %	40.48 %	59.19 %
Market Capitalization	1.22 B	1.19 B	1.04 B	2.75 B	620.46 M	497.99 M	541.66 M
Price To Earning	4.98 X	10.17 X	1.57 X	10.40 X	12.17 X	78.00 X	6.03 X
Price To Earnings To Growth	3.59 X	(28.14) X	(1.31) X	1.20 X	N/A	(6.09) X	0.97 X
Price To Sales	10.18 X	2.68 X	5.63 X	4.23 X	8.20 X	4.84 X	2.14 X
Net Income	(106.37 M)	126.1 M	(67.92 M)	400.56 M	(39.23 M)	(15.86 M)	(48.66 M)
Earnings Per Share	(4.80) X	3.33 X	2.90 X	1.33 X	1.22 X	1.33 X	(0.34) X
Shares Owned By Insiders	0.73 %	1.46 %	0.55 %	2.46 %	0.26 %	0.28 %	1.57 %
Revenue	(556.75 M)	226.02 M	449.67 M	719.01 M	154.93 M	4.19 M	210 M
Working Capital	2.77 M	(7.95 B)	(11.01 B)	N/A	(1.91 B)	(11.77 B)	(957.91 M)
Cash And Equivalents	683.48 M	264.6 M	9.43 B	534.36 M	205.65 M	175.53 M	407.1 M
Cash Per Share	11.09 X	0.39 X	71.36 X	2.04 X	11.84 X	4.95 X	1.08 X
Gross Profit	(15.43 M)	(421.69 M)	(192.1 M)	597.94 M	(243.88 M)	(377.6 M)	(181.69 M)
Day Typical Price	11.71	14.72	18.71	14.6	7.91	8.19	5.98
Accumulation Distribution	0.0169	0.0135	0.008	0.0156	0.0076	0.0121	0.0248
Market Facilitation Index	0.2	0.2	0.15	0.23	0.06	0.1	0.15
Daily Balance Of Power	0.9	0.2	(0.07)	0.3478	0.5	0.9	0.6
Period Momentum Indicator	0.18	0.04	(0.01)	0.08	0.03	0.09	0.09
Rate Of Daily Change	1.02	1.0	1.0	1.01	1.0	1.01	1.02
Day Median Price	11.7	14.75	18.73	14.62	7.91	8.19	5.98
Price Action Indicator	0.13	(0.07)	(0.04)	0.005	0.005	0.055	0.05
Relative Strength Index	32.86	45.77	41.98	53.49	50.96	46.44	60.76
Coefficient Of Variation	(785.19)	6316.43	(2,483)	682.57	4228.65	8196.46	(2,697)
Mean Deviation	0.9547	1.02	0.7504	1.16	0.8611	1.04	1.38
Jensen Alpha	(0.26)	(0.07)	(0.10)	0.1189	(0.03)	(0.04)	(0.16)
Total Risk Alpha	(0.39)	(0.21)	(0.22)	(0.03)	(0.17)	(0.21)	(0.35)
Sortino Ratio	N/A	(0.07)	N/A	0.0564	(0.07)	(0.07)	N/A
Downside Variance	N/A	2.57	N/A	1.9	2.23	2.71	N/A
Standard Deviation	1.32	1.4	1.05	1.42	1.2	1.38	1.73
Kurtosis	7.13	2.08	2.04	(0.01)	4.1	0.7201	(0.44)
Potential Upside	1.56	1.8	1.47	2.38	1.66	1.85	2.48
Treynor Ratio	(0.27)	0.0176	(0.12)	0.3008	0.051	0.0186	(0.10)
Maximum Drawdown	8.41	8.55	4.86	6.99	6.35	6.35	7.18
Variance	1.75	1.96	1.11	2.03	1.45	1.91	2.99
Market Risk Adjusted Performance	(0.26)	0.0276	(0.11)	0.3108	0.061	0.0286	(0.09)
Risk Adjusted Performance	(0.09)	0.0167	(0.03)	0.117	0.0218	0.0138	(0.02)
Skewness	(1.84)	(0.62)	(0.80)	0.103	(1.30)	(0.54)	(0.31)
Semi Deviation	N/A	1.52	N/A	1.25	1.38	1.5	N/A
Information Ratio	(0.23)	(0.08)	(0.16)	0.0547	(0.09)	(0.08)	(0.11)
Value At Risk	(2.21)	(2.36)	(2.02)	(2.19)	(2.11)	(2.89)	(3.32)
Expected Short fall	N/A	(1.01)	N/A	(1.25)	(0.84)	(1.03)	N/A
Downside Deviation	N/A	1.6	N/A	1.38	1.49	1.65	N/A
Semi Variance	N/A	2.3	N/A	1.56	1.9	2.25	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.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.

	Entertainment Invested over 90 shares	Go
	Macroaxis Index Invested few shares	Go
	Momentum Invested over 60 shares	Go
	Hedge Favorites Invested over 100 shares	Go
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	ESG Investing Invested few shares	Go

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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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity