Water Competitors

Stocks . Canada . 
Stock . Water Ways Technologies
WWT Stock  CAD 0.01  0.01  100.00%   
Water Ways Technologies competes with Baylin Technologies, Supremex, IShares Canadian, PHN Multi, and Global X; as well as few others. The company classifies itself under Machinery sector and is part of Industrials industry. Analyzing Water Ways 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 Water Ways to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Water Ways Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Water Ways competition on your existing holdings.
  
At this time, Water Ways' Return On Capital Employed is fairly stable compared to the past year. Return On Equity is likely to climb to 2.62 in 2024, whereas Return On Tangible Assets are likely to drop (0.82) in 2024. At this time, Water Ways' Non Current Assets Total are fairly stable compared to the past year. Other Current Assets is likely to climb to about 858.5 K in 2024, whereas Total Current Assets are likely to drop slightly above 2.5 M in 2024.
Hype
Prediction
LowEstimatedHigh
0.000.0129.35
Details
Intrinsic
Valuation
LowRealHigh
0.000.0129.35
Details
Naive
Forecast
LowNextHigh
0.00020.0129.35
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
00.010.02
Details

Water Ways Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Water Ways 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 Water 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 Water Ways Technologies does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
FTN-PA
+ 0.88
0P0000OXA6
0P0000OXA6
+ 0.65
XHB
FTN-PA
+ 0.63
XHB
XHB
+ 0.58
BYL
0P0000OXA6
+ 0.51
BYL
FTN-PA
+ 0.37
BYL
  
High negative correlations   
FTN-PA
- 0.71
SOLR
0P0000OXA6
- 0.63
SOLR
ALA-PA
- 0.59
BYL
SOLR
- 0.5
XHB
ALA-PA
- 0.48
EDGF
XHB
- 0.4
SXP

Risk-Adjusted Indicators

There is a big difference between Water Stock performing well and Water Ways 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 Water Ways' 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
BYL  5.06  0.74  0.09  1.28  6.49 
(5.88)
 14.63 
(10.53)
 36.04 
SXP  1.81 (0.14) 0.00 (43.69) 0.00 
 0.00 
 3.15 
(4.29)
 12.84 
XHB  0.20  0.01 (0.41) 0.19  0.05 
(0.26)
 0.51 
(0.31)
 1.07 
EDGF  0.82  0.00 (0.06) 0.09  1.13 
(1.21)
 2.20 
(1.86)
 6.42 
SOLR  6.36  0.07  0.00  0.04  0.00 
 0.00 
 25.00 
(20.00)
 50.00 
0P0000OXA6  0.51  0.13  0.04  1.06  0.45 
(0.56)
 1.15 
(1.18)
 4.34 
HFP  0.31  0.01 (0.16) 0.50  0.37 
(0.57)
 1.09 
(0.97)
 2.38 
ALA-PA  0.52  0.02 (0.11) 0.29  0.65 
(0.62)
 1.15 
(1.45)
 3.73 
ECO  1.51  0.07 (0.05)(0.01) 1.90 
(1.74)
 3.84 
(3.00)
 11.63 
FTN-PA  0.18  0.07 (0.31)(1.32) 0.00 
(0.27)
 0.48 
(0.19)
 1.70 

Cross Equities Net Income Analysis

Compare Water Ways Technologies and related stocks such as Baylin Technologies, Supremex, and iShares Canadian HYBrid Net Income Over Time
Select Fundamental
Price To Sales RatioDividend Yield
Ptb RatioDays Sales Outstanding
Book Value Per ShareFree Cash Flow Yield
Invested CapitalOperating Cash Flow Per Share
Average PayablesStock Based Compensation To Revenue
Capex To DepreciationPb Ratio
Ev To SalesFree Cash Flow Per Share
RoicInventory Turnover
Net Income Per ShareDays Of Inventory On Hand
Payables TurnoverSales General And Administrative To Revenue
Average InventoryResearch And Ddevelopement To Revenue
Capex To RevenueCash Per Share
PocfratioInterest Coverage
Payout RatioCapex To Operating Cash Flow
Pfcf RatioDays Payables Outstanding
Net Current Asset ValueIncome Quality
RoeTangible Asset Value
Ev To Operating Cash FlowPe Ratio
Return On Tangible AssetsEv To Free Cash Flow
Earnings YieldIntangibles To Total Assets
Net Debt To E B I T D ACurrent Ratio
Tangible Book Value Per ShareReceivables Turnover
Graham NumberShareholders Equity Per Share
Debt To EquityCapex Per Share
Graham Net NetAverage Receivables
Revenue Per ShareInterest Debt Per Share
Debt To AssetsEnterprise Value Over E B I T D A
Short Term Coverage RatiosPrice Earnings Ratio
Operating CyclePrice Book Value Ratio
Price Earnings To Growth RatioDays Of Payables Outstanding
Dividend Payout RatioPrice To Operating Cash Flows Ratio
Price To Free Cash Flows RatioPretax Profit Margin
Ebt Per EbitOperating Profit Margin
Effective Tax RateCompany Equity Multiplier
Long Term Debt To CapitalizationTotal Debt To Capitalization
Return On Capital EmployedDebt Equity Ratio
Ebit Per RevenueQuick Ratio
Dividend Paid And Capex Coverage RatioNet Income Per E B T
Cash RatioCash Conversion Cycle
Operating Cash Flow Sales RatioDays Of Inventory Outstanding
Days Of Sales OutstandingFree Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage RatiosPrice To Book Ratio
Fixed Asset TurnoverCapital Expenditure Coverage Ratio
Price Cash Flow RatioEnterprise Value Multiple
Debt RatioCash Flow To Debt Ratio
Price Sales RatioReturn On Assets
Asset TurnoverNet Profit Margin
Gross Profit MarginPrice Fair Value
Return On Equity
201020112012201320142015201620172018201920202021202220232024
BYL1.4 M1.4 M1.4 M882.7 K(16.3 M)(20.4 M)(2.6 M)(3.7 M)(4.7 M)(19.6 M)(16.9 M)(67.4 M)(16.9 M)(13.9 M)(14.5 M)
SXP19.4 M8.3 M(18.7 M)11.5 M11 M15.9 M14.6 M12.4 M(4.8 M)7.1 M7.5 M15.8 M28.4 M17.3 M18.2 M
SOLR(43.6 K)(3.2 M)(11.3 M)(9.9 M)13.3 M5.5 M(3.2 M)(7.5 M)(2.3 M)(2.8 M)(1.4 M)(448.9 K)(2.7 M)(1.8 M)(1.9 M)
ECO(49.2 M)(252.7 M)(11.4 M)(14.8 M)(14.5 M)(14.4 M)(9.3 M)(6.4 M)(2.5 M)(345.4 K)(1.8 M)(3.1 M)(1.3 M)(2.8 M)(3 M)

Water Ways Technologies and related stocks such as Baylin Technologies, Supremex, and iShares Canadian HYBrid Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Water Ways Technologies financial statement analysis. It represents the amount of money remaining after all of Water Ways Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Water Ways Competitive Analysis

The better you understand Water Ways competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Water Ways' 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 Water Ways' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
WWT BYL SXP XHB EDGF SOLR 0P0000OXA6 HFP ALA-PA ECO
 100.00 
 0.01 
Water
 2.38 
 0.41 
Baylin
 0.50 
 4.00 
Supremex
 0.20 
 19.70 
IShares
 0.57 
 10.59 
Brompton
 25.00 
 0.03 
Solar
 1.19 
 28.83 
PHN
 1.18 
 9.40 
Global
 0.77 
 19.62 
Altagas
 1.52 
 4.00 
EcoSynthetix
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Moderately volatile
Very steady
Not too volatile
Out of control
Very steady
Very steady
Very steady
Slightly risky
Market Performance
(90 Days Performance)
OK
OK
Very Weak
Good
Very Weak
Very Weak
Solid
Modest
Modest
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Above Average
About Average
Above Average
Low
About Average
Very High
Low
Low
Low
Quite High
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Under Valued
Fairly 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 Sell
Strong Sell
Strong Sell
Sell
Strong Sell
Strong Hold
Cautious Hold
Sell
Strong Sell
Current Ratio
1.61
1.51
1.85
N/A
N/A
0.19
N/A
N/A
N/A
30.53
Net Asset
4.45 M
59.71 M
273.94 M
430.05 M
N/A
1.8 M
5.64 B
100.07 M
21.59 B
42.84 M
Profit Margin
-0.79
-0.2
-0.0592
N/A
N/A
-0.0107
N/A
N/A
0.0239
-0.11
EBITDA
(2.81 M)
229 K
48.51 M
N/A
N/A
(762.93 K)
N/A
N/A
1.14 B
(3.24 M)
Operating Margin
-0.25
-0.0215
0.0427
N/A
N/A
-0.7
N/A
N/A
0.0733
-0.0573
Current Valuation
4.31 M
89.69 M
189.93 M
N/A
N/A
8.9 M
N/A
N/A
N/A
187.91 M
Price To Book
5.9
50.7
0.9
N/A
N/A
93.97
N/A
3.24
N/A
4.21
Retained Earnings
(9.02 M)
(206.66 M)
(145.89 M)
N/A
N/A
(68.87 M)
N/A
N/A
N/A
(459.55 M)
Current Asset
N/A
28 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Five Year Return
N/A
N/A
5.73
2.9
N/A
N/A
8.42
8.7
N/A
N/A
One Year Return
N/A
N/A
N/A
12.5
N/A
N/A
-0.8
26.9
N/A
N/A
Beta
1.22
1.29
1.32
0.94
0.95
1.32
N/A
1.14
1.32
0.86
Number Of Employees
N/A
N/A
900
1
N/A
N/A
N/A
N/A
2.93 K
25
Cash Position Weight
N/A
N/A
N/A
N/A
N/A
N/A
1.58
N/A
N/A
N/A
Equity Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
98.42
N/A
N/A
N/A
Shares Outstanding
148.78 M
151.18 M
24.56 M
N/A
N/A
294.19 M
N/A
N/A
N/A
58.61 M
Three Year Return
N/A
N/A
N/A
2.4
N/A
N/A
5.68
3.6
N/A
N/A
Cash Flow From Operations
(1.38 M)
(7.08 M)
43.9 M
N/A
N/A
97.33 K
N/A
N/A
738 M
316.99 K
Annual Yield
N/A
N/A
0.05
N/A
N/A
N/A
N/A
N/A
0.0524
N/A
Total Debt
1.86 M
28.66 M
89.25 M
N/A
N/A
137.5 K
N/A
N/A
7.68 B
584.36 K
Return On Equity
-90.0
-9.32
-0.14
N/A
N/A
-6.84
N/A
N/A
0.0477
-0.0429
Bond Positions Weight
N/A
N/A
N/A
97.03
N/A
N/A
N/A
13.52
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
30.71
N/A
N/A
N/A
68.83
N/A
N/A
Return On Asset
-0.28
-0.0555
0.0367
N/A
N/A
-0.25
N/A
N/A
0.0273
-0.0579
Number Of Shares Shorted
19.79 K
92.84 K
25.22 K
N/A
N/A
1.21 K
N/A
N/A
8.1 K
399.87 K
Book Value Per Share
-0.009
-0.035
4.46
N/A
N/A
-0.007
N/A
N/A
24.88
0.68
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
500
N/A
N/A
N/A
Current Liabilities
N/A
18 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
4.45 M
59.71 M
273.94 M
430.05 M
N/A
1.8 M
5.64 B
100.07 M
21.59 B
42.84 M
Debt To Equity
33.9
1.23
111.4
N/A
N/A
N/A
N/A
N/A
N/A
2.7
Short Ratio
0.01
1.88
0.4
N/A
N/A
0.58
N/A
N/A
1.62
11.05
Target Price
N/A
0.5
5.13
N/A
N/A
1.15
N/A
N/A
N/A
8.39
Last Dividend Paid
N/A
N/A
0.16
0.065
N/A
N/A
N/A
0.0324
1.05
N/A
Shares Owned By Institutions
N/A
0.61
3.09
N/A
N/A
N/A
N/A
N/A
52.87
14.73
Market Capitalization
1.49 M
61.98 M
98.24 M
N/A
N/A
10.3 M
N/A
N/A
N/A
234.43 M
Price To Earning
N/A
-6.8
7.36
N/A
N/A
N/A
N/A
N/A
N/A
-18.42
Price To Earnings To Growth
N/A
N/A
0.37
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.33
0.86
0.35
N/A
N/A
1.19
N/A
1.75
N/A
14.7
Net Income
(3.23 M)
(8.22 M)
17.33 M
N/A
N/A
(1.81 M)
N/A
N/A
283 M
(2.82 M)
Earnings Per Share
-0.04
-0.12
-0.67
N/A
N/A
N/A
N/A
N/A
0.89
-0.04
Shares Owned By Insiders
34.9
73.94
38.56
N/A
N/A
42.24
N/A
N/A
N/A
14.48
Revenue
6.62 M
73.04 M
302.19 M
N/A
N/A
7.47 M
N/A
N/A
10.57 B
12.66 M
Working Capital
(850 K)
(4.56 M)
40.73 M
N/A
N/A
(2.31 M)
N/A
N/A
N/A
36.96 M
Ten Year Return
N/A
N/A
N/A
3.5
N/A
N/A
N/A
3.8
N/A
N/A
Cash And Equivalents
2 M
7.38 M
144.4 K
N/A
N/A
403.2 K
N/A
N/A
N/A
44.59 M
Cash Per Share
0.02
0.39
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.76
Gross Profit
2.96 M
32.91 M
90.73 M
N/A
N/A
663.58 K
N/A
N/A
2.87 B
4.15 M
Day Typical Price
0.0083
0.42
4.0
19.72
10.61
0.0317
28.83
9.4
19.59
3.97
Accumulation Distribution
0.5
8856.56
145.92
146.05
0.0066
0.14
N/A
N/A
338.72
290.93
Market Facilitation Index
0.005
0.0
0.0
0.0
0.07
0.005
N/A
N/A
0.0
0.0
Daily Balance Of Power
1.0
(0.20)
0.2222
(0.67)
0.8571
(2.00)
9.2 T
9.2 T
0.6
0.6
Period Momentum Indicator
0.005
(0.01)
0.02
(0.04)
0.06
(0.01)
0.34
0.11
0.15
0.06
Rate Of Daily Change
2.0
0.98
1.01
1.0
1.01
0.75
1.01
1.01
1.01
1.02
Day Median Price
0.0075
0.43
4.0
19.73
10.63
0.0325
28.83
9.4
19.58
3.95
Price Action Indicator
0.005
(0.02)
0.015
(0.05)
(0.01)
(0.01)
0.17
0.055
0.12
0.08
Coefficient Of Variation
1193.66
851.89
(1,939)
762.76
4494.15
(48,960)
482.51
2231.2
1811.75
12231.42
Mean Deviation
14.64
5.06
1.81
0.1965
0.8213
6.36
0.5093
0.3129
0.5239
1.51
Jensen Alpha
3.36
0.7392
(0.14)
0.0084
(0)
0.0733
0.1257
0.0095
0.0175
0.0671
Total Risk Alpha
(1.92)
(0.24)
(0.52)
(0.01)
(0.17)
(1.90)
0.0313
(0.06)
(0.08)
(0.30)
Sortino Ratio
0.055
0.0882
N/A
(0.41)
(0.06)
N/A
0.036
(0.16)
(0.11)
(0.05)
Downside Variance
1710.07
62.46
N/A
0.0523
2.86
N/A
0.512
0.4023
0.5713
4.2
Standard Deviation
28.64
7.01
2.52
0.2454
1.26
12.36
0.7292
0.4981
0.7108
2.04
Kurtosis
4.99
1.28
1.52
(0.06)
1.25
1.21
3.83
1.28
0.9515
1.15
Potential Upside
50.0
14.63
3.15
0.5092
2.2
25.0
1.15
1.09
1.15
3.84
Treynor Ratio
(0.28)
1.28
(43.69)
0.1857
0.0915
0.0375
1.06
0.503
0.2863
(0.01)
Maximum Drawdown
150.0
36.04
12.84
1.07
6.42
50.0
4.34
2.38
3.73
11.63
Variance
820.01
49.1
6.34
0.0602
1.58
152.86
0.5317
0.2481
0.5053
4.14
Market Risk Adjusted Performance
(0.27)
1.29
(43.68)
0.1957
0.1015
0.0475
1.07
0.513
0.2963
(0)
Risk Adjusted Performance
0.0739
0.0989
(0.03)
0.0792
0.021
0.0078
0.1583
0.029
0.0415
0.0125
Skewness
1.72
(0.10)
(0.59)
0.5027
(0.40)
0.4358
0.5676
0.1138
(0.27)
(0.05)
Semi Deviation
15.28
6.49
N/A
0.0476
1.13
N/A
0.4513
0.3669
0.6455
1.9
Information Ratio
0.0794
0.0995
(0.10)
(0.38)
(0.08)
(0.01)
0.0353
(0.21)
(0.12)
(0.05)
Value At Risk
(33.33)
(10.53)
(4.29)
(0.31)
(1.86)
(20.00)
(1.18)
(0.97)
(1.45)
(3.00)
Expected Short fall
(71.43)
(5.88)
N/A
(0.26)
(1.21)
N/A
(0.56)
(0.57)
(0.62)
(1.74)
Downside Deviation
41.35
7.9
N/A
0.2286
1.69
N/A
0.7155
0.6343
0.7558
2.05
Semi Variance
233.43
42.09
N/A
0.0023
1.27
N/A
0.2036
0.1346
0.4167
3.6

Water Ways Competition Performance Charts

Five steps to successful analysis of Water Ways Competition

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

In addition to having Water Ways 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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Run Alternative Currency ETFs Thematic Idea Now

Alternative Currency ETFs
Alternative Currency ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Alternative Currency ETFs theme has 48 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 Alternative Currency ETFs Theme or any other thematic opportunities.
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Additional Tools for Water Stock Analysis

When running Water Ways' price analysis, check to measure Water Ways' 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 Water Ways is operating at the current time. Most of Water Ways' value examination focuses on studying past and present price action to predict the probability of Water Ways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Water Ways' price. Additionally, you may evaluate how the addition of Water Ways to your portfolios can decrease your overall portfolio volatility.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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