Westinghouse Competitors
| WAB Stock | USD 236.27 2.58 1.10% |
Westinghouse Air vs Heico Correlation
Poor diversification
The correlation between Westinghouse Air Brake and HEI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westinghouse Air Brake and HEI in the same portfolio, assuming nothing else is changed.
Moving together with Westinghouse Stock
Moving against Westinghouse Stock
| 0.68 | HCAI | Huachen AI Parking | PairCorr |
| 0.6 | ALH | Alliance Laundry Holdings | PairCorr |
| 0.51 | GP | GreenPower Motor | PairCorr |
Westinghouse Air Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Westinghouse Air 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 Westinghouse 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 Westinghouse Air Brake 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 Westinghouse Stock performing well and Westinghouse Air 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 Westinghouse Air'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VRSK | 1.08 | (0.11) | 0.00 | (1.77) | 0.00 | 2.00 | 7.32 | |||
| OTIS | 0.79 | (0.13) | 0.00 | (0.18) | 0.00 | 1.38 | 4.47 | |||
| UAL | 2.07 | 0.16 | 0.08 | 0.12 | 2.25 | 4.76 | 11.82 | |||
| EME | 1.83 | (0.09) | 0.00 | (0.02) | 0.00 | 3.66 | 16.60 | |||
| XYL | 0.98 | (0.20) | 0.00 | (0.12) | 0.00 | 1.70 | 8.37 | |||
| ODFL | 1.72 | 0.44 | 0.30 | 0.28 | 1.17 | 5.66 | 10.14 | |||
| FIX | 2.19 | 0.25 | 0.07 | 0.21 | 3.15 | 4.01 | 14.58 | |||
| RKLB | 4.58 | 0.35 | 0.08 | 0.16 | 5.12 | 10.40 | 27.16 | |||
| IR | 1.50 | 0.18 | 0.13 | 0.15 | 1.38 | 4.25 | 8.77 | |||
| HEI | 1.20 | 0.06 | 0.05 | 0.10 | 1.30 | 2.42 | 8.20 |
Cross Equities Net Income Analysis
Compare Westinghouse Air Brake and related stocks such as Verisk Analytics, Otis Worldwide Corp, and United Airlines Holdings Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VRSK | 150.4 M | 282.8 M | 329.1 M | 348.4 M | 400 M | 507.6 M | 591.2 M | 555.1 M | 598.7 M | 449.9 M | 712.7 M | 666.3 M | 954.3 M | 614.4 M | 957.5 M | 1.1 B | 1.2 B |
| OTIS | 636 M | 636 M | 636 M | 636 M | 636 M | 636 M | 636 M | 636 M | 1 B | 1.1 B | 906 M | 1.2 B | 1.3 B | 1.4 B | 1.6 B | 1.4 B | 1.3 B |
| UAL | 142 M | 840 M | (723 M) | 571 M | 1.1 B | 7.3 B | 2.3 B | 2.1 B | 2.1 B | 3 B | (7.1 B) | (2 B) | 737 M | 2.6 B | 3.1 B | 3.4 B | 3.5 B |
| EME | 302.7 M | 130.8 M | 146.6 M | 123.8 M | 168.7 M | 172.3 M | 181.9 M | 227.2 M | 283.5 M | 325.1 M | 132.9 M | 383.5 M | 406.1 M | 633 M | 1 B | 1.2 B | 1.2 B |
| XYL | 263 M | 279 M | 297 M | 228 M | 337 M | 340 M | 260 M | 331 M | 549 M | 401 M | 254 M | 427 M | 355 M | 609 M | 890 M | 1 B | 1.1 B |
| ODFL | 4.7 M | 139.5 M | 169.5 M | 206.1 M | 267.5 M | 304.7 M | 295.8 M | 463.8 M | 605.7 M | 615.5 M | 672.7 M | 1 B | 1.4 B | 1.2 B | 1.2 B | 1.4 B | 1.4 B |
| FIX | (2.1 M) | (36.8 M) | 13.5 M | 27.3 M | 23.1 M | 49.4 M | 64.9 M | 55.3 M | 112.9 M | 114.3 M | 150.1 M | 143.3 M | 245.9 M | 323.4 M | 522.4 M | 600.8 M | 630.8 M |
| RKLB | (30.4 M) | (30.4 M) | (30.4 M) | (30.4 M) | (30.4 M) | (30.4 M) | (30.4 M) | (30.4 M) | (30.4 M) | (30.4 M) | (55 M) | (117.3 M) | (135.9 M) | (182.6 M) | (190.2 M) | (171.2 M) | (179.7 M) |
| IR | 669.4 M | 343.2 M | 263.3 M | 618.8 M | (135 M) | (351.2 M) | (36.6 M) | 18.4 M | 269.4 M | 159.1 M | (33.3 M) | 562.5 M | 604.7 M | 778.7 M | 838.6 M | 754.7 M | 480.9 M |
| HEI | 2.7 M | 85.1 M | 102.4 M | 121.3 M | 133.4 M | 156.2 M | 186 M | 259.2 M | 327.9 M | 314 M | 329.8 M | 351.7 M | 403.6 M | 514.1 M | 690.4 M | 793.9 M | 833.6 M |
Westinghouse Air Brake and related stocks such as Verisk Analytics, Otis Worldwide Corp, and United Airlines Holdings Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Westinghouse Air Brake financial statement analysis. It represents the amount of money remaining after all of Westinghouse Air Brake operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Westinghouse Air Competitive Analysis
The better you understand Westinghouse Air competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Westinghouse Air'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 Westinghouse Air'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 |
Westinghouse Air Competition Performance Charts
Five steps to successful analysis of Westinghouse Air Competition
Westinghouse Air'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 Westinghouse Air Brake in relation to its competition. Westinghouse Air's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Westinghouse Air 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 Westinghouse Air's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Westinghouse Air Brake, 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.
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Check out Westinghouse Air Correlation with its peers. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Construction Machinery & Heavy Transportation Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Westinghouse Air. Anticipated expansion of Westinghouse directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Westinghouse Air assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.11 | Dividend Share 0.95 | Earnings Share 6.87 | Revenue Per Share | Quarterly Revenue Growth 0.084 |
The market value of Westinghouse Air Brake is measured differently than its book value, which is the value of Westinghouse that is recorded on the company's balance sheet. Investors also form their own opinion of Westinghouse Air's value that differs from its market value or its book value, called intrinsic value, which is Westinghouse Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Westinghouse Air's market value can be influenced by many factors that don't directly affect Westinghouse Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Westinghouse Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westinghouse Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Westinghouse Air's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.