Select Competitors
| WTTR Stock | USD 13.95 0.49 3.64% |
Select Energy vs Artesian Resources Correlation
Very poor diversification
The correlation between Select Energy Services and ARTNA is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Energy Services and ARTNA in the same portfolio, assuming nothing else is changed.
Moving together with Select Stock
| 0.71 | TW1 | Tenaris SA | PairCorr |
| 0.95 | TS | Tenaris SA ADR | PairCorr |
| 0.67 | CEU | CES Energy Solutions Earnings Call This Week | PairCorr |
Moving against Select Stock
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select Energy's 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.
Select Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Select Energy 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 Select 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 Select Energy Services 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 Select Stock performing well and Select Energy 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 Select Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPH | 0.82 | 0.14 | 0.09 | (0.92) | 0.87 | 1.52 | 4.87 | |||
| MSEX | 1.10 | 0.14 | 0.07 | (1.67) | 1.26 | 2.76 | 5.40 | |||
| HTO | 1.05 | 0.34 | 0.24 | 6.70 | 0.92 | 2.79 | 5.45 | |||
| ETI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWCO | 1.10 | 0.17 | 0.11 | 0.28 | 1.23 | 2.17 | 5.58 | |||
| EAI | 0.32 | 0.02 | (0.03) | 0.63 | 0.37 | 0.58 | 2.45 | |||
| EDN | 2.58 | (0.43) | 0.00 | (0.27) | 0.00 | 6.28 | 15.55 | |||
| YORW | 0.92 | 0.07 | 0.02 | (0.42) | 1.28 | 2.03 | 5.29 | |||
| GWRS | 0.91 | 0.08 | 0.04 | 0.20 | 1.32 | 1.89 | 6.35 | |||
| ARTNA | 0.99 | 0.18 | 0.10 | (17.91) | 1.23 | 2.49 | 7.01 |
Select Energy Competitive Analysis
The better you understand Select Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Select Energy'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 Select Energy'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 |
Select Energy Competition Performance Charts
Five steps to successful analysis of Select Energy Competition
Select Energy'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 Select Energy Services in relation to its competition. Select Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Select Energy 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 Select Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Select Energy Services, 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.
Complement your Select Energy position
In addition to having Select Energy 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.Did You Try This Idea?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 25 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 Convertibles Funds Theme or any other thematic opportunities.
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Additional Tools for Select Stock Analysis
When running Select Energy's price analysis, check to measure Select Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Select Energy is operating at the current time. Most of Select Energy's value examination focuses on studying past and present price action to predict the probability of Select Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Select Energy's price. Additionally, you may evaluate how the addition of Select Energy to your portfolios can decrease your overall portfolio volatility.