Avarone Competitors

Stocks . Germany . 
Stock . Avarone Metals
W2U1 Stock  EUR 0.0005  0.00  0.00%   
Avarone Metals competes with ROCHE HLDG, Abbott Laboratories, DANAHER (DAPSG), QUALCOMM, and Merck; as well as few others. The company operates under Metals & Mining sector and is part of Materials industry. Analyzing Avarone Metals 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 Avarone Metals to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Avarone Metals Correlation with its peers.

Avarone Metals vs BANK OF CHINA Correlation

Pay attention - limited upside

The correlation between Avarone Metals and W8V is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avarone Metals and W8V in the same portfolio, assuming nothing else is changed.

Moving against Avarone Stock

  0.71W8V BANK OF CHINAPairCorr
Hype
Prediction
LowEstimatedHigh
0.000.00060.00
Details
Intrinsic
Valuation
LowRealHigh
0.000.00050.00
Details
Naive
Forecast
LowNextHigh
0.00050.00050.0005
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.00050.00050.0005
Details

Avarone Metals Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Avarone Metals 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 Avarone 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 Avarone Metals does not affect the price movement of the other competitor.

High positive correlations

NOT
+ 0.99
NOT
NOT
+ 0.97
RHO
NOT
+ 0.96
RHO
4I1
+ 0.95
RHO
4I1
+ 0.93
NOT
4I1
+ 0.93
NOT
  

High negative correlations

4I1
- 0.9
QCI
QCI
- 0.85
RHO
NOT
- 0.84
QCI
NOT
- 0.83
QCI
6MK
- 0.8
QCI
4I1
- 0.77
ABL

Risk-Adjusted Indicators

There is a big difference between Avarone Stock performing well and Avarone Metals 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 Avarone Metals' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RHO  1.00  0.25  0.12  1.24  1.38 
(1.12)
 2.31 
(2.20)
 8.07 
ABL  1.05 (0.06) 0.00  0.16  0.00 
 0.00 
 1.95 
(1.76)
 14.56 
DAP  1.21 (0.09) 0.00  0.30  0.00 
 0.00 
 2.32 
(2.98)
 8.54 
QCI  1.42 (0.23) 0.00 (0.24) 0.00 
 0.00 
 1.90 
(2.57)
 12.93 
6MK  1.31  0.37  0.14 (0.59) 1.41 
(1.47)
 2.96 
(2.35)
 8.41 
NOT  0.90  0.35  0.38  0.91  0.26 
(1.13)
 2.70 
(1.29)
 5.41 
NOT  0.82  0.38  0.38 (5.51) 0.23 
(1.09)
 2.10 
(1.18)
 4.95 
AMD  2.63  0.03 (0.02) 0.00  3.77 
(2.90)
 6.33 
(5.07)
 24.55 
4I1  1.13  0.27  0.12 (1.16) 1.21 
(1.25)
 2.65 
(2.55)
 7.67 
W8V  1.44  0.01  0.00  0.10  2.70 
(3.47)
 2.08 
(2.04)
 24.03 

Avarone Metals Competitive Analysis

The better you understand Avarone Metals competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Avarone Metals' 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 Avarone Metals' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
W2U1 RHO ABL DAP QCI 6MK NOT NOT AMD 4I1
 0.00 
 0.0005 
Avarone
 3.17 
 416.00 
ROCHE
 0.29 
 98.08 
Abbott
 0.05 
 177.50 
DANAHER
 2.37 
 120.28 
QUALCOMM
 2.96 
 104.20 
Merck
 1.18 
 142.05 
NOVARTIS
 1.10 
 143.42 
NOVARTIS
 1.76 
 169.46 
Advanced
 0.79 
 157.48 
Philip
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weakest
Solid
Weakest
Weakest
Weakest
Good
Strong
High
Weakest
Solid
Odds of Financial Distress
(Probability Of Bankruptcy)
High
Low
Low
Low
Low
Tiny
Low
Low
Tiny
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Over Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Buy
Strong Sell
Strong Sell
Hold
Cautious Hold
Strong Buy
Cautious Hold
Strong Sell
Sell
Current Ratio
0.06
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Net Asset
19.5 K
100.7 B
81.41 B
77.54 B
50.14 B
117.11 B
110.95 B
110.95 B
76.93 B
69.19 B
EBITDA
(143.94 K)
N/A
10.69 B
10 B
17.25 B
17.9 B
N/A
N/A
4.17 B
13.97 B
Current Valuation
547.45 K
337.23 B
175.51 B
138.07 B
159.46 B
279.08 B
239.79 B
239.79 B
275.39 B
284.25 B
Price To Book
8.45
8.66
3.97
2.82
6.7
5.62
6.09
5.99
5.27
N/A
Retained Earnings
(17.48 M)
48.84 B
47.26 B
44.19 B
20.65 B
63.07 B
46.56 B
46.56 B
6.7 B
35.4 B
Beta
-1.26
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Outstanding
91.41 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Flow From Operations
(17.91 K)
N/A
8.56 B
6.69 B
14.01 B
21.47 B
19.14 B
19.14 B
7.71 B
12.23 B
Annual Yield
N/A
0.0415
0.0129
0.0039
0.0287
0.0234
0.0488
0.0488
N/A
0.0499
Total Debt
1.26 M
4.21 B
1.5 B
505 M
28.94 B
2.65 B
5.52 B
5.52 B
874 M
3.7 B
Return On Asset
-6.93
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Book Value Per Share
-0.013
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
19.5 K
100.7 B
81.41 B
77.54 B
50.14 B
117.11 B
110.95 B
110.95 B
76.93 B
69.19 B
Last Dividend Paid
N/A
8.7
N/A
N/A
N/A
0.55
N/A
2.85
N/A
N/A
Market Capitalization
284.86 K
312.68 B
210.39 B
200.89 B
182.36 B
162.42 B
160.08 B
160.08 B
148.15 B
124.12 B
Price To Earnings To Growth
N/A
0.96
4.14
1.99
1.94
2.84
1.38
1.35
0.65
1.22
Price To Sales
N/A
4.66
4.59
6.11
4.36
4.61
4.77
4.69
9.63
7.19
Net Income
(462.86 K)
N/A
13.4 B
3.9 B
5.54 B
17.12 B
13.98 B
13.98 B
4.33 B
11.35 B
Earnings Per Share
-0.01
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Owned By Insiders
4.53
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Revenue
N/A
N/A
41.95 B
23.88 B
44.28 B
64.17 B
56.67 B
56.67 B
34.64 B
40.65 B
Working Capital
(1.8 M)
10.73 B
9.5 B
2.7 B
16.61 B
10.36 B
3.18 B
3.18 B
17.49 B
(1.06 B)
Cash And Equivalents
16.29 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Gross Profit
N/A
N/A
N/A
N/A
N/A
N/A
33.18 B
N/A
N/A
N/A
Day Typical Price
5.0E-4
412.47
98.15
176.69
121.08
103.07
142.13
142.44
169.97
158.47
Accumulation Distribution
N/A
0.0255
21.94
0.82
8.09
0.0326
44.06
0.51
33.87
0.0433
Market Facilitation Index
N/A
10.6
4.0E-4
0.0403
0.0098
3.4
0.0023
0.12
0.0054
1.74
Daily Balance Of Power
0.0
1.207547
(0.33)
0.0331
(0.94)
0.8824
0.4286
0.5306
(0.54)
(0.36)
Period Momentum Indicator
N/A
12.8
(0.29)
0.08
(2.92)
3.0
1.65
1.56
(3.04)
(1.26)
Rate Of Daily Change
1.0
1.03
1.0
1.0
0.98
1.03
1.01
1.01
0.98
0.99
Day Median Price
5.0E-4
410.7
98.19
176.29
121.48
102.5
142.18
141.95
170.23
158.96
Price Action Indicator
N/A
11.7
(0.25)
1.25
(2.66)
3.2
0.7
2.25
(2.29)
(2.11)
Relative Strength Index
N/A
70.27
43.75
34.77
33.29
64.63
80.08
81.21
40.9
67.89
Coefficient Of Variation
1827.74
520.15
(1,640)
(1,551)
(1,191)
494.23
291.69
274.41
45605.5
568.71
Mean Deviation
3.01
1.0
1.05
1.21
1.42
1.31
0.8979
0.8187
2.63
1.13
Jensen Alpha
0.7651
0.2486
(0.06)
(0.09)
(0.23)
0.372
0.3487
0.3772
0.0324
0.2712
Total Risk Alpha
(0.70)
0.116
(0.31)
(0.29)
(0.38)
0.1534
0.2627
0.2625
(0.40)
0.0972
Sortino Ratio
N/A
0.119
N/A
N/A
N/A
0.1441
0.3805
0.3756
(0.02)
0.1157
Downside Variance
N/A
2.44
N/A
N/A
N/A
2.95
0.6308
0.6041
14.66
2.26
Standard Deviation
13.85
1.43
1.82
1.66
1.96
1.67
1.14
1.05
3.78
1.5
Kurtosis
44.43
4.28
17.38
1.58
5.48
0.1869
0.2962
0.867
5.17
0.4281
Potential Upside
N/A
2.31
1.95
2.32
1.9
2.96
2.7
2.1
6.33
2.65
Treynor Ratio
(3.40)
1.24
0.1573
0.2988
(0.24)
(0.59)
0.9147
(5.51)
0.004
(1.16)
Maximum Drawdown
150.0
8.07
14.56
8.54
12.93
8.41
5.41
4.95
24.55
7.67
Variance
191.72
2.06
3.32
2.77
3.85
2.78
1.31
1.1
14.26
2.25
Market Risk Adjusted Performance
(3.39)
1.25
0.1673
0.3088
(0.23)
(0.58)
0.9247
(5.50)
0.014
(1.15)
Risk Adjusted Performance
0.0513
0.1518
(0.04)
(0.04)
(0.06)
0.1603
0.2657
0.2816
0.0097
0.1395
Skewness
5.06
(0.85)
(2.77)
(0.42)
(1.52)
(0.10)
0.6476
0.5808
(0.80)
(0.20)
Semi Deviation
N/A
1.38
N/A
N/A
N/A
1.41
0.259
0.232
3.77
1.21
Information Ratio
0.0482
0.1296
(0.11)
(0.12)
(0.13)
0.1484
0.2642
0.2786
(0.02)
0.1159
Value At Risk
N/A
(2.20)
(1.76)
(2.98)
(2.57)
(2.35)
(1.29)
(1.18)
(5.07)
(2.55)
Expected Short fall
N/A
(1.12)
N/A
N/A
N/A
(1.47)
(1.13)
(1.09)
(2.90)
(1.25)
Downside Deviation
N/A
1.56
N/A
N/A
N/A
1.72
0.7942
0.7773
3.83
1.5
Semi Variance
N/A
1.9
N/A
N/A
N/A
1.99
0.0671
0.0538
14.23
1.46

Avarone Metals Competition Performance Charts

Five steps to successful analysis of Avarone Metals Competition

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

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Other Information on Investing in Avarone Stock

Avarone Metals financial ratios help investors to determine whether Avarone Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Avarone with respect to the benefits of owning Avarone Metals security.
Balance Sheet
Statement
Details
Profit & Loss
Statement
Details
Cash Flow
Statement
Details
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