West Competitors
| WWI Stock | 0.07 0 3.90% |
West Wits vs Genetic Technologies Correlation
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West Wits Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between West Wits 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 West 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 West Wits Mining does not affect the price movement of the other competitor.
| -0.06 | -0.05 | 0.59 | -0.21 | 0.18 | 0.0 | CF1 | ||
| -0.06 | 0.44 | -0.29 | 0.08 | 0.23 | 0.0 | REM | ||
| -0.05 | 0.44 | -0.5 | 0.01 | 0.44 | 0.0 | BTI | ||
| 0.59 | -0.29 | -0.5 | -0.47 | -0.01 | 0.0 | ASG | ||
| -0.21 | 0.08 | 0.01 | -0.47 | -0.12 | 0.0 | SEG | ||
| 0.18 | 0.23 | 0.44 | -0.01 | -0.12 | 0.0 | TEK | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GTG | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between West Stock performing well and West Wits 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 West Wits' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CF1 | 2.08 | (0.27) | 0.00 | 0.76 | 0.00 | 5.66 | 17.03 | |||
| REM | 3.01 | 0.34 | 0.04 | 1.71 | 3.65 | 8.11 | 24.80 | |||
| BTI | 0.90 | (0.03) | 0.00 | (0.40) | 0.00 | 1.69 | 7.14 | |||
| ASG | 1.72 | (0.02) | 0.00 | (0.22) | 0.00 | 3.43 | 13.19 | |||
| SEG | 1.91 | 0.05 | 0.00 | 0.72 | 2.78 | 7.41 | 19.14 | |||
| TEK | 2.02 | (0.05) | 0.00 | (0.20) | 0.00 | 8.33 | 16.03 | |||
| GTG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
West Wits Competitive Analysis
The better you understand West Wits competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, West Wits' 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 West Wits' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
West Wits Competition Performance Charts
Five steps to successful analysis of West Wits Competition
West Wits' 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 West Wits Mining in relation to its competition. West Wits' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of West Wits 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 West Wits' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to West Wits Mining, 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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Additional Tools for West Stock Analysis
When running West Wits' price analysis, check to measure West Wits' 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 West Wits is operating at the current time. Most of West Wits' value examination focuses on studying past and present price action to predict the probability of West Wits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West Wits' price. Additionally, you may evaluate how the addition of West Wits to your portfolios can decrease your overall portfolio volatility.