Comparative Equity Analysis

Analyzing your traded assets competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of your traded assets to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out your portfolio center.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of your traded assets competition on your existing holdings.

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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.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.27	0.55	0.04	0.55	0.04	0.64	0.28	-0.53	0.72	META
MSFT	0.27		0.22	0.15	0.18	-0.01	0.03	-0.12	0.12	-0.19	MSFT
UBER	0.55	0.22		-0.05	-0.06	0.27	-0.01	-0.14	0.08	0.35	UBER
F	0.04	0.15	-0.05		0.2	-0.4	0.47	0.69	-0.34	0.32	F
T	0.55	0.18	-0.06	0.2		-0.5	0.79	0.6	-0.78	0.38	T
A	0.04	-0.01	0.27	-0.4	-0.5		-0.47	-0.62	0.64	-0.01	A
CRM	0.64	0.03	-0.01	0.47	0.79	-0.47		0.85	-0.91	0.65	CRM
JPM	0.28	-0.12	-0.14	0.69	0.6	-0.62	0.85		-0.83	0.48	JPM
MRK	-0.53	0.12	0.08	-0.34	-0.78	0.64	-0.91	-0.83		-0.56	MRK
XOM	0.72	-0.19	0.35	0.32	0.38	-0.01	0.65	0.48	-0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

JPM	+ 0.85	CRM
CRM	+ 0.79	T
XOM	+ 0.72	META
JPM	+ 0.69	F
XOM	+ 0.65	CRM
CRM	+ 0.64	META

High negative correlations

MRK	- 0.91	CRM
MRK	- 0.83	JPM
MRK	- 0.78	T
JPM	- 0.62	A
XOM	- 0.56	MRK
MRK	- 0.53	META

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
META	1.06	0.06	0.02	0.20	1.40	(1.15)	2.62	(3.15)	8.02
MSFT	0.92	(0.05)	(0.05)	0.05	1.49	(0.89)	2.09	(1.85)	8.19
UBER	1.62	(0.12)	(0.05)	0.00	2.30	(1.74)	2.69	(2.53)	20.10
F	1.43	(0.15)	(0.04)	0.02	2.20	(1.42)	2.53	(2.90)	11.21
T	0.92	0.28	0.15	(7.88)	0.85	(1.05)	2.56	(1.72)	6.47
A	1.17	(0.09)	0.00	(0.05)	0.00	0.00	2.71	(2.42)	9.02
CRM	1.34	0.21	0.16	0.30	1.16	(1.53)	3.18	(1.93)	9.09
JPM	1.12	(0.01)	0.06	0.11	1.40	(1.21)	2.05	(2.00)	15.87
MRK	0.91	(0.21)	0.00	(0.74)	0.00	0.00	2.00	(2.13)	4.89
XOM	1.01	(0.05)	(0.08)	0.02	1.33	(1.07)	2.10	(2.09)	5.74

Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	AAL	AA	AAPL	BBY	C	S	CVS	CVX	HD	IBM
	0.82 14.52 American	1.20 46.43 Alcoa	1.02 237.33 Apple	2.08 90.00 Best	1.01 70.87 Citigroup	0.46 27.95 SentinelOne	0.18 59.85 CVS	0.11 161.93 Chevron	0.45 429.13 Home	0.22 227.41 International
Market Volatility (90 Days Market Risk)	Not too volatile	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Solid	Modest	Very Weak	OK	Good	Insignificant	Good	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Below Average	Low	Very Small	Low	Low	Below Average	Below Average	Very Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Over Valued	Under Valued	Under Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Strong Buy	Strong Buy	Buy	Strong Buy	Strong Buy	Buy	Buy	Strong Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Hold	Buy	Hold	Buy	Strong Hold	Strong Hold	Strong Buy	Strong Buy	Strong Buy
Current Ratio	0.79	1.81	0.88	0.98	N/A	4.17	0.94	1.4	1.39	0.95
Net Asset	63.06 B	14.15 B	364.98 B	14.97 B	2.41 T	2.32 B	249.73 B	261.63 B	76.53 B	135.24 B
Profit Margin	0.0051	-0.0265	0.24	0.0296	0.12	-0.39	0.0137	0.087	0.0945	0.1
EBITDA	5.2 B	155 M	134.66 B	2.6 B	17.47 B	(292.71 M)	13.74 B	45.63 B	24.94 B	7.51 B
Operating Margin	0.0491	0.0868	0.31	0.0405	0.25	-0.4	0.0159	0.11	0.13	0.14
Current Valuation	40.32 B	13.47 B	3.59 T	22.35 B	7.96 B	8.22 B	148.48 B	310.17 B	486.2 B	256.24 B
Price To Book	N/A	2.26	62.36	6.14	0.69	5.45	1.01	1.85	73.34	8.58
Retained Earnings	(7.69 B)	(1.29 B)	(19.15 B)	2.68 B	198.91 B	(1.34 B)	61.6 B	200.03 B	83.66 B	151.28 B
Current Asset	9.98 B	2.57 B	106.87 B	9.89 B	N/A	6.83 B	30.38 B	34.43 B	16.48 B	42.5 B
Five Year Return	1.27	N/A	1.0	2.63	3.01	N/A	2.81	4.42	2.16	4.8
Beta	1.4	2.42	1.24	1.49	1.43	0.65	0.54	1.08	1.01	0.71
Number Of Employees	134.2 K	13.6 K	164 K	85 K	229 K	2.5 K	219 K	45.6 K	465 K	282.2 K
Shares Outstanding	657.13 M	258.36 M	15.12 B	214.72 M	1.89 B	291.01 M	1.26 B	1.78 B	993.36 M	924.64 M
Cash Flow From Operations	3.8 B	91 M	118.25 B	1.47 B	(73.42 B)	(68.37 M)	13.43 B	35.61 B	21.17 B	13.43 B
Annual Yield	N/A	0.0087	0.0043	0.0404	0.0311	N/A	0.0459	0.0402	0.0211	0.0294
Total Debt	40.66 B	1.92 B	106.63 B	3.98 B	324.08 B	22.93 M	79.39 B	26.07 B	52.24 B	59.94 B
Return On Equity	N/A	-0.0714	1.57	0.42	0.0387	-0.17	0.067	0.1	0.4	0.27
Return On Asset	0.0275	0.0186	0.21	0.0722	0.0034	-0.0872	0.0237	0.0537	0.15	0.0473
Number Of Shares Shorted	56.94 M	8.8 M	141.04 M	14 M	33.55 M	12.12 M	21.85 M	63.31 M	9.68 M	21.48 M
Book Value Per Share	-7.39	20.32	3.77	14.17	101.91	5.17	59.57	86.92	5.84	26.44
Current Liabilities	13.61 B	2.4 B	79.01 B	6.92 B	N/A	11.96 B	23.17 B	25.47 B	12.52 B	34.27 B
Total Asset	63.06 B	14.15 B	364.98 B	14.97 B	2.41 T	2.32 B	249.73 B	261.63 B	76.53 B	135.24 B
Debt To Equity	7.53	0.26	2.61	1.34	0.91	0.016	1.0	0.15	N/A	2.67
Short Ratio	1.85	1.73	3.21	6.15	2.15	3.16	1.65	8.91	2.87	4.73
Target Price	14.51	47.43	244.48	99.26	76.62	29.37	68.35	173.41	428.58	214.21
Last Dividend Paid	N/A	0.4	0.98	N/A	2.15	N/A	2.6	6.4	2.25	6.66
Shares Owned By Institutions	57.08	75.82	61.92	86.96	73.57	90.53	82.91	69.51	72.13	62.7
Market Capitalization	9.62 B	11.85 B	3.55 T	18.93 B	132.69 B	8.91 B	75.45 B	289.03 B	424.35 B	209.82 B
Price To Earning	7.08	9.32	24.24	12.77	6.5	78.38	42.99	10.45	19.67	24.45
Price To Earnings To Growth	0.19	-0.29	2.43	1.45	0.77	3.51	2.27	3.42	5.51	7.51
Price To Sales	0.18	1.08	9.08	0.45	1.91	12.31	0.21	1.51	2.74	3.35
Net Income	822 M	(773 M)	93.74 B	1.24 B	9.05 B	(338.69 M)	8.34 B	21.41 B	15.14 B	6.92 B
Earnings Per Share	0.42	-1.56	6.08	5.84	3.51	-0.92	3.94	9.09	14.74	6.85
Shares Owned By Insiders	1.25	0.75	2.05	8.72	3.12	0.48	0.11	6.66	0.06	0.12
Revenue	52.79 B	10.55 B	391.04 B	43.45 B	23.56 B	621.15 M	357.78 B	196.91 B	152.67 B	61.86 B
Working Capital	(8.49 B)	1.38 B	(23.41 B)	(12 M)	N/A	707.26 M	(11.33 B)	8.87 B	7.76 B	(1.21 B)
Cash And Equivalents	11.23 B	1.36 B	29.96 B	1.87 B	990.92 B	137.94 M	12.95 B	17.68 B	2.76 B	7.89 B
Cash Per Share	17.28	8.09	3.04	4.13	511.61	4.34	15.21	7.98	2.42	10.58
Gross Profit	11.44 B	2.31 B	170.78 B	9.91 B	70.56 B	278 M	53.46 B	98.89 B	52.78 B	32.69 B
Day Typical Price	14.59	46.05	236.37	90.04	70.73	28.21	59.98	161.78	429.22	228.32
Accumulation Distribution	154738.0	54435.34	455678.0	53493.09	105326.0	62450.89	56144.52	65197.12	16286.2	35991.99
Daily Balance Of Power	(0.50)	0.3873	0.625	0.9059	0.8161	(0.16)	(0.13)	(0.09)	0.5607	0.1561
Period Momentum Indicator	(0.12)	0.55	2.4	1.83	0.71	(0.13)	(0.11)	(0.18)	1.94	0.49
Rate Of Daily Change	0.99	1.01	1.01	1.02	1.01	1.0	1.0	1.0	1.0	1.0
Day Median Price	14.62	45.86	235.89	90.06	70.66	28.34	60.04	161.7	429.27	228.77
Price Action Indicator	(0.16)	0.84	2.64	0.86	0.57	(0.46)	(0.24)	0.14	0.83	(1.11)
Relative Strength Index	66.15	59.63	42.35	33.63	72.06	59.76	43.08	67.91	59.16	44.85
Coefficient Of Variation	409.18	658.71	2282.9	8286.94	863.88	1140.83	2255.54	682.35	509.51	631.78
Mean Deviation	1.76	2.48	0.913	1.38	1.41	2.0	1.71	0.8857	0.916	0.9876
Jensen Alpha	0.4007	0.2561	(0.01)	(0.01)	(0)	0.039	(0.07)	0.0838	0.1834	0.1121
Total Risk Alpha	0.213	(0.01)	(0.14)	(0.34)	(0.08)	(0.17)	(0.28)	(0.01)	0.0433	9.0E-4
Sortino Ratio	0.2396	0.1239	(0.05)	(0.05)	0.0646	0.0446	(0)	0.0383	0.0937	0.0588
Downside Variance	3.61	9.03	1.69	3.5	2.49	4.79	6.7	1.42	1.22	2.76
Standard Deviation	2.38	3.28	1.24	2.36	1.96	2.54	2.54	1.17	1.17	1.41
Kurtosis	1.05	0.2007	0.8026	19.18	4.39	0.3764	5.76	0.2704	0.0464	5.73
Potential Upside	6.14	6.1	1.84	2.26	3.56	5.09	3.57	2.21	2.22	2.22
Treynor Ratio	0.387	0.2429	0.0961	0.0647	0.1131	0.1412	0.067	0.2409	0.7111	0.2436
Maximum Drawdown	11.24	14.99	6.62	19.0	10.33	12.03	18.7	5.13	5.15	8.66
Variance	5.65	10.75	1.55	5.57	3.86	6.47	6.45	1.36	1.36	1.98
Market Risk Adjusted Performance	0.397	0.2529	0.1061	0.0747	0.1231	0.1512	0.077	0.2509	0.7211	0.2536
Risk Adjusted Performance	0.194	0.124	0.0374	0.016	0.0948	0.0742	0.041	0.1157	0.1538	0.1258
Skewness	0.7753	0.231	(0.1)	3.14	1.14	0.5504	0.891	(0.11)	(0.1)	(1.22)
Semi Deviation	1.44	2.68	1.19	1.78	1.45	2.04	2.38	1.03	0.8919	1.28
Information Ratio	0.1916	0.1136	(0.06)	(0.04)	0.0519	0.0384	(0.01)	0.0391	0.0888	0.0693
Value At Risk	(2.77)	(5.76)	(2.25)	(3.09)	(1.97)	(3.63)	(3.45)	(1.79)	(1.67)	(1.70)
Expected Short fall	(2.10)	(2.76)	(0.94)	(1.36)	(1.63)	(2.28)	(1.60)	(0.93)	(1.04)	(0.99)
Downside Deviation	1.9	3.0	1.3	1.87	1.58	2.19	2.59	1.19	1.1	1.66
Semi Variance	2.08	7.16	1.43	3.15	2.11	4.15	5.69	1.05	0.7955	1.64

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 specify at least one valid symbol

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.

Explore 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.

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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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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