Vast Competitors

Delisted . USA . 
Stock . Vast Renewables Limited
VSTEWDelisted Stock   0.02  0.01  52.67%   
Vast Renewables competes with Alternative Investment, Link Real, MGIC Investment, Xtant Medical, and Molson Coors; as well as few others. The company classifies itself under Utilities sector and is part of Utilities - Regulated Electric industry. Analyzing Vast Renewables 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 Vast Renewables to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Vast Renewables vs Merit Medical Correlation

Very weak diversification

The correlation between Vast Renewables Limited and MMSI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vast Renewables Limited and MMSI in the same portfolio, assuming nothing else is changed.

Moving together with Vast Stock

  0.68OKLO Oklo Inc Downward RallyPairCorr

Moving against Vast Stock

  0.82ENLT Enlight Renewable EnergyPairCorr
  0.8TXNM TXNM EnergyPairCorr
  0.8MUFG Mitsubishi UFJ FinancialPairCorr
  0.8WF Woori Financial GroupPairCorr
  0.8AGCO AGCOPairCorr
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vast Renewables' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.020.020.02
Details
Intrinsic
Valuation
LowRealHigh
0.020.020.02
Details
Naive
Forecast
LowNextHigh
0.030.030.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
-0.10.020.14
Details

Vast Renewables Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Vast Renewables and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Vast 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 Vast Renewables does not affect the price movement of the other competitor.

High positive correlations

PHCFF
+ 1.0
AIKO
MMSI
+ 0.79
MTG
XTNT
+ 0.7
MTG
MMSI
+ 0.62
XTNT
CRHKF
+ 0.08
TAP-A
LKREF
+ 0.0
AIKO
  

High negative correlations

CRHKF
- 0.49
LKREF
MMSI
- 0.46
TAP-A
TAP-A
- 0.38
MTG
TAP-A
- 0.24
LKREF
XTNT
- 0.21
LKREF
MTG
- 0.15
LKREF

Risk-Adjusted Indicators

There is a big difference between Vast Stock performing well and Vast Renewables 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 Vast Renewables' 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.

Vast Renewables Competitive Analysis

The better you understand Vast Renewables competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Vast Renewables' 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 Vast Renewables' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
VSTEW AIKO LKREF MTG XTNT PHCFF TAP-A CRHKF MMSI
 52.67 
 0.02 
Vast
 0.00 
 1.13 
Alternative
 4.64 
 4.52 
Link
 0.58 
 26.21 
MGIC
 1.69 
 0.58 
Xtant
 0.00 
 0.0001 
Puhui
 4.04 
 50.87 
Molson
 0.00 
 3.51 
China
 1.37 
 81.84 
Merit
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Relatively risky
Very steady
Extremely Dangerous
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weakest
Weakest
Weak
Weakest
Weakest
Weakest
Fair
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Hazard
High
Fair
Tiny
Strong
Unknown
Small
Small
Tiny
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Under Valued
Under Valued
Over Valued
Over Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Hold
Strong Buy
Not Available
Strong Sell
Not Available
Strong Buy
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Hold
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Cautious Hold
Sell
Cautious Hold
Current Ratio
N/A
N/A
0.59
2.68
3.57
N/A
0.64
0.75
2.35
Net Asset
15.77 M
3.58 K
225.72 B
6.64 B
93.84 M
N/A
22.74 B
51.05 B
2.42 B
Profit Margin
-2.84
N/A
1.2
0.61
0.0132
N/A
-0.19
0.12
0.0802
EBITDA
88.54 M
(331.63 K)
9.14 B
955.24 M
(7.88 M)
N/A
(1.61 B)
6.22 B
273.97 M
Operating Margin
-1.02
N/A
0.71
0.74
0.0764
N/A
0.16
0.1
0.11
Current Valuation
N/A
779.12 K
21.7 B
6.05 B
103.92 M
N/A
15.86 B
21.13 B
5.27 B
Price To Book
N/A
3.67
0.68
1.12
1.62
N/A
1.05
5.13
3.17
Retained Earnings
(333.09 M)
N/A
N/A
3.4 B
(259.46 M)
N/A
5.72 B
7.09 B
695.54 M
Current Asset
N/A
N/A
1.04 B
N/A
45.04 M
N/A
N/A
12.26 B
204 M
Five Year Return
N/A
N/A
3.72
N/A
N/A
N/A
2.0
N/A
N/A
Beta
-0.091
-1.77
0.7
0.82
-0.31
N/A
0.49
0.61
0.61
Number Of Employees
8
2
1.2 K
555
217
N/A
16.8 K
25 K
7.4 K
Shares Outstanding
N/A
431.99 K
2.13 B
216.67 M
140 M
N/A
2.56 M
3.24 B
59.29 M
Cash Flow From Operations
N/A
(306.75 K)
6.7 B
725.03 M
(11.9 M)
N/A
1.78 B
5 B
220.8 M
Annual Yield
N/A
N/A
0.0536
0.023
N/A
N/A
0.0355
0.0109
N/A
Total Debt
13.25 M
137.39 K
44.01 B
646.14 M
35.14 M
N/A
6.3 B
131 M
794.66 M
Return On Equity
N/A
N/A
0.0873
0.14
0.0364
N/A
-0.17
0.16
0.083
Return On Asset
3.22
-27.15
0.0236
0.0914
0.0387
N/A
0.0441
0.0413
0.0428
Number Of Shares Shorted
7.39 K
N/A
N/A
8.1 M
20.67 K
N/A
355
N/A
3.81 M
Book Value Per Share
-0.13
-2.8
80.91
23.47
0.36
N/A
52.24
8.44
25.8
Current Liabilities
N/A
N/A
4.75 B
N/A
21.47 M
N/A
N/A
18.59 B
87.91 M
Total Asset
15.77 M
3.58 K
225.72 B
6.64 B
93.84 M
N/A
22.74 B
51.05 B
2.42 B
Debt To Equity
N/A
2.0
0.33
0.2
0.6
N/A
69.3
0.005
0.26
Last Dividend Paid
N/A
N/A
3.02
0.56
N/A
N/A
N/A
0.54
N/A
Short Ratio
N/A
N/A
N/A
3.58
0.11
N/A
0.75
N/A
5.03
Target Price
N/A
N/A
N/A
28.42
1.5
N/A
N/A
N/A
103.64
Shares Owned By Institutions
N/A
20.43
40.59
98.27
57.97
N/A
N/A
21.6
97.78
Market Capitalization
N/A
43
16.23 B
5.65 B
82.46 M
N/A
10.05 B
23.97 B
4.85 B
Price To Earning
N/A
-1.43
19.65
10.5
-0.41
N/A
14.65
69.4
956.67
Price To Earnings To Growth
N/A
N/A
4.7
1.54
-0.03
N/A
4.67
1.54
1.72
Price To Sales
N/A
N/A
1.3
4.65
0.62
N/A
0.9
0.66
3.29
Net Income
N/A
(375.48 K)
6.89 B
738.35 M
(16.45 M)
N/A
(2.18 B)
4.59 B
120.36 M
Earnings Per Share
N/A
-0.85
0.88
3.14
0.01
N/A
-10.48
0.19
1.95
Shares Owned By Insiders
N/A
56.39
0.08
1.73
16.45
N/A
0.13
51.95
2.22
Revenue
6.19 M
N/A
11.6 B
1.21 B
117.27 M
N/A
11.14 B
33.39 B
1.36 B
Working Capital
3.57 M
N/A
(3.7 B)
N/A
38.53 M
N/A
(196.8 M)
(6.33 B)
707.37 M
Cash And Equivalents
N/A
1.95 K
3.18 B
368.99 M
16.5 M
N/A
490.2 M
5.78 B
51.48 M
Cash Per Share
N/A
N/A
1.51
1.35
0.19
N/A
2.27
1.78
0.91
Gross Profit
5.8 M
N/A
9.34 B
964.14 M
82.54 M
N/A
4.34 B
13.07 B
715.9 M
Day Typical Price
0.0177
1.13
4.52
26.25
0.58
1.0E-4
50.87
3.51
81.93
Accumulation Distribution
0.35
N/A
N/A
27052.79
1150.53
N/A
N/A
N/A
0.019
Market Facilitation Index
0.0069
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.57
Daily Balance Of Power
1.0
0.0
0
0.4286
(1.00)
0.0
0
0.0
(0.73)
Period Momentum Indicator
0.0069
N/A
(0.22)
0.15
(0.01)
N/A
(2.14)
N/A
(1.14)
Rate Of Daily Change
1.53
1.0
0.95
1.01
0.98
1.0
0.96
1.0
0.99
Day Median Price
0.0166
1.13
4.52
26.27
0.59
1.0E-4
50.87
3.51
81.98
Price Action Indicator
0.0069
N/A
(0.11)
0.02
(0.01)
N/A
(1.07)
N/A
(0.70)
Relative Strength Index
31.3
N/A
46.96
45.33
30.18
N/A
41.32
N/A
40.09
Coefficient Of Variation
1478.05
N/A
(2,714)
(2,060)
(3,139)
N/A
1724.58
812.4
(2,272)
Mean Deviation
16.2
N/A
2.37
1.16
2.66
N/A
1.23
0.2093
1.32
Jensen Alpha
1.67
N/A
(0.08)
(0.14)
(0.07)
N/A
N/A
0.1113
(0.1)
Total Risk Alpha
(0.85)
N/A
(0.52)
(0.26)
(0.45)
N/A
(0.09)
0.0164
(0.26)
Sortino Ratio
0.1038
N/A
N/A
N/A
N/A
N/A
0.0164
N/A
N/A
Downside Variance
448.02
N/A
N/A
N/A
N/A
N/A
14.23
N/A
N/A
Standard Deviation
33.67
N/A
3.95
1.79
3.53
N/A
2.46
0.8631
1.87
Kurtosis
24.35
N/A
3.31
5.6
3.12
N/A
5.01
66.0
2.62
Potential Upside
24.61
N/A
5.43
2.21
5.41
N/A
4.3
N/A
3.44
Treynor Ratio
0.2684
N/A
0.139
(0.15)
0.153
N/A
N/A
(0.45)
(1.07)
Maximum Drawdown
278.73
N/A
22.62
12.13
19.92
N/A
16.43
7.01
11.35
Variance
1133.44
N/A
15.62
3.19
12.46
N/A
6.03
0.745
3.49
Market Risk Adjusted Performance
0.2784
N/A
0.149
(0.14)
0.163
N/A
N/A
(0.44)
(1.06)
Risk Adjusted Performance
0.0614
N/A
(0.02)
(0.03)
(0.02)
N/A
0.0511
0.095
(0.03)
Skewness
3.97
N/A
(0.34)
(1.58)
1.11
N/A
0.4611
8.12
(0.57)
Semi Deviation
17.22
N/A
N/A
N/A
N/A
N/A
1.64
N/A
N/A
Information Ratio
0.0653
N/A
(0.06)
(0.09)
(0.05)
N/A
0.0252
0.0298
(0.09)
Value At Risk
(28.95)
N/A
(8.10)
(2.79)
(4.84)
N/A
(3.55)
N/A
(2.64)
Expected Short fall
(23.35)
N/A
N/A
N/A
N/A
N/A
(3.83)
N/A
N/A
Downside Deviation
21.17
N/A
N/A
N/A
N/A
N/A
3.77
N/A
N/A
Semi Variance
296.46
N/A
N/A
N/A
N/A
N/A
2.7
N/A
N/A

Vast Renewables Competition Performance Charts

Five steps to successful analysis of Vast Renewables Competition

Vast Renewables' 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 Vast Renewables in relation to its competition. Vast Renewables' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Vast Renewables 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 Vast Renewables' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Vast Renewables, 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.

Complement your Vast Renewables position

In addition to having Vast Renewables 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.

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Small Cap ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Small Cap ETFs theme has 187 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 Small Cap ETFs Theme or any other thematic opportunities.
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Consideration for investing in Vast Stock

If you are still planning to invest in Vast Renewables check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Vast Renewables' history and understand the potential risks before investing.
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