Compare Zoetis to Takeda, Eisai, Catalent, Teva, RDDA, Swedish

Comparing Zoetis to Takeda, Eisai, Catalent, Teva, RDDA, Swedish can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.

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Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.

	ZOE	TKD	EII	0C8	TEV	RDDA	B6E
ZOE		0.58	0.64	-0.4	-0.53	0.37	-0.15	ZOE
TKD	0.58		0.59	-0.29	-0.43	0.17	-0.18	TKD
EII	0.64	0.59		-0.8	-0.56	0.38	0.17	EII
0C8	-0.4	-0.29	-0.8		0.6	-0.18	-0.26	0C8
TEV	-0.53	-0.43	-0.56	0.6		0.27	0.06	TEV
RDDA	0.37	0.17	0.38	-0.18	0.27		0.19	RDDA
B6E	-0.15	-0.18	0.17	-0.26	0.06	0.19		B6E
	ZOE	TKD	EII	0C8	TEV	RDDA	B6E

Click cells to compare fundamentals

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High positive correlations

EII	+ 0.64	ZOE
TEV	+ 0.6	0C8
EII	+ 0.59	TKD
TKD	+ 0.58	ZOE
RDDA	+ 0.38	EII
RDDA	+ 0.37	ZOE

High negative correlations

0C8	- 0.8	EII
TEV	- 0.56	EII
TEV	- 0.53	ZOE
TEV	- 0.43	TKD
0C8	- 0.4	ZOE
0C8	- 0.29	TKD

Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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
ZOE	1.01	(0.13)	0.00	0.44	0.00	0.00	1.83	(2.22)	5.97
TKD	0.84	(0.08)	0.00	0.33	0.00	0.00	1.85	(1.57)	5.14
EII	1.57	(0.45)	0.00	50.50	0.00	0.00	3.57	(4.55)	21.10
0C8	0.58	0.15	0.18	2.87	0.35	(0.73)	1.77	(0.81)	5.51
TEV	1.90	0.46	0.24	0.63	1.48	(2.57)	4.43	(3.15)	25.97
RDDA	1.28	0.06	0.02	0.24	1.44	(1.45)	2.84	(2.22)	6.92
B6E	1.37	(0.04)	0.00	0.16	0.00	0.00	1.99	(3.35)	18.15

Unable to evaluate fundamental data of [ZOE.F, TKD.F, EII.F, 0C8.F, TEV.F, RDDA.F, B6E.F] at this time. Please try again later

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Competitive Analysis

Better Than Average

Worse Than Peers

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	ZOE	TKD	EII	0C8	TEV	RDDA	B6E
	0.57 157.28 Zoetis	0.60 25.00 Takeda	0.46 25.72 Eisai	0.00 59.93 Catalent	0.00 21.00 Teva	0.00 14.60 RDDA	0.00 26.86 Swedish
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Not too volatile	Very steady	Not too volatile
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Solid	OK	Insignificant	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Quite High	Low	Above Average	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Under Valued	Under Valued	Under Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Hold	Not Rated	Strong Buy	Cautious Hold	Strong Sell
Current Ratio	4.05 X	1.22 X	1.97 X	2.18 X	0.96 X	1.89 X	0.75 X
Net Asset	14.93 B	13.18 T	1.24 T	10.51 B	44.01 B	296.65 B	48.66 B
Profit Margin	0.26 %	0.07 %	0.04 %	0.09 %	(0.16) %	0.15 %	0.14 %
EBITDA	3.34 B	1.05 T	94.55 B	1.11 B	(827 M)	48.86 B	5.72 B
Operating Margin	0.36 %	0.13 %	(0.02) %	0.15 %	0.18 %	0.19 %	N/A
Current Valuation	71.14 B	71.16 B	17.84 B	11.57 B	28.17 B	8.47 B	6.67 B
Price To Book	15.02 X	0.95 X	3.31 X	1.76 X	1.16 X	3.61 X	2.47 X
Five Year Return	0.55 %	3.51 %	2.28 %	N/A	3.24 %	0.71 %	N/A
Beta	0.74	0.7	0.17	1.26	1.22	0.24	0.39
Number Of Employees	13.8 K	47.35 K	11.32 K	19 K	34 K	24.8 K	1.56 K
Shares Outstanding	463.39 M	1.56 B	286.7 M	180.09 M	1.11 B	166.1 M	295.99 M
Cash Flow From Operations	1.91 B	1.12 T	117.59 B	439 M	1.59 B	28.11 B	5.47 B
Annual Yield	0.01 %	0.04 %	0.02 %	N/A	N/A	0.01 %	N/A
Total Debt	6.55 B	4.14 T	94.89 B	4.17 B	19.1 B	5.75 B	8.78 B
Return On Equity	0.47	0.0477	0.0348	0.0873	-0.24	0.18	0.11
Z Score	6.6	N/A	N/A	1.2	N/A	0.6	N/A
Return On Asset	0.13	0.0247	-0.0095	0.041	0.0363	0.0949	0.0555
Book Value Per Share	9.50 X	3,973 X	2,699 X	27.29 X	7.11 X	1,326 X	3.55 X
Total Asset	14.93 B	13.18 T	1.24 T	10.51 B	44.01 B	296.65 B	48.66 B
Debt To Equity	285.30 %	114.80 %	21.30 %	134.90 %	184.30 %	23.50 %	39.80 %
Target Price	224.58	N/A	N/A	150.92	11.47	77.85	N/A
Last Dividend Paid	1.3	180.0	80.0	N/A	N/A	30.0	N/A
Shares Owned By Institutions	94.44 %	41.30 %	49.30 %	99.64 %	49.70 %	10.37 %	69.59 %
Market Capitalization	72.73 B	44.8 B	14.48 B	11.84 B	10.47 B	8.14 B	6.36 B
Price To Earning	36.15 X	19.43 X	22.73 X	44.99 X	N/A	23.95 X	18.28 X
Price To Earnings To Growth	3.49 X	0.58 X	293,210 X	1.17 X	0.75 X	1.50 X	33.82 X
Price To Sales	8.22 X	0.01 X	0.02 X	1.57 X	0.61 X	0.04 X	3.66 X
Net Income	2.11 B	230.06 B	47.95 B	519 M	(2.35 B)	23.57 B	2.68 B
Earnings Per Share	4.24 X	1.21 X	2.59 X	2.14 X	(1.96) X	2.47 X	0.93 X
Shares Owned By Insiders	0.26 %	1.20 %	3.43 %	0.36 %	2.00 %	N/A	4.00 %
Revenue	8.08 B	3.57 T	756.23 B	4.83 B	14.93 B	214.39 B	15.53 B
Cash And Equivalents	1.8 B	3.41 B	2.65 B	227.9 M	1.97 B	306.55 M	280.15 M
Cash Per Share	3.76 X	4.36 X	9.25 X	1.56 X	1.81 X	1.85 X	1.04 X
Gross Profit	5.63 B	2.44 T	581.39 B	1.64 B	6.97 B	113.84 B	14.38 B
Day Typical Price	157.47	25.05	25.76	59.93	21.13	14.6	26.86
Accumulation Distribution	0.0156	0.006	0.0046	N/A	0.0279	N/A	N/A
Market Facilitation Index	2.48	0.15	0.12	N/A	0.6	N/A	N/A
Daily Balance Of Power	(0.36)	(1.00)	(1.00)	0.0	N/A	0.0	0.0
Period Momentum Indicator	(0.90)	(0.15)	(0.12)	N/A	N/A	N/A	N/A
Rate Of Daily Change	0.99	0.99	1.0	1.0	1.0	1.0	1.0
Day Median Price	157.56	25.08	25.78	59.93	21.2	14.6	26.86
Price Action Indicator	(0.73)	(0.15)	(0.12)	N/A	(0.20)	N/A	N/A
Coefficient Of Variation	(969.38)	(1,312)	(604.80)	535.92	721.41	1815.38	(4,743)
Mean Deviation	1.01	0.8415	1.57	0.5823	1.9	1.28	1.37
Jensen Alpha	(0.13)	(0.08)	(0.45)	0.1473	0.4616	0.063	(0.04)
Total Risk Alpha	(0.22)	(0.15)	(0.60)	0.103	0.2968	(0.01)	(0.18)
Sortino Ratio	N/A	N/A	N/A	0.176	0.2408	0.0194	N/A
Downside Variance	N/A	N/A	N/A	0.3651	3.53	2.96	N/A
Standard Deviation	1.33	1.1	2.69	0.8553	3.65	1.57	2.29
Kurtosis	0.6644	0.5836	9.7	6.17	31.55	(0.40)	10.29
Potential Upside	1.83	1.85	3.57	1.77	4.43	2.84	1.99
Treynor Ratio	0.4382	0.3273	50.5	2.87	0.6334	0.2422	0.1638
Maximum Drawdown	5.97	5.14	21.1	5.51	25.97	6.92	18.15
Variance	1.76	1.2	7.23	0.7315	13.3	2.47	5.24
Market Risk Adjusted Performance	0.4482	0.3373	50.51	2.88	0.6434	0.2522	0.1738
Risk Adjusted Performance	(0.08)	(0.06)	(0.12)	0.1489	0.1179	0.0487	(0.01)
Skewness	(0.53)	0.7608	1.47	1.59	4.78	0.0238	(1.57)
Semi Deviation	N/A	N/A	N/A	0.3543	1.48	1.44	N/A
Information Ratio	(0.14)	(0.12)	(0.19)	0.1243	0.124	0.0212	(0.04)
Value At Risk	(2.22)	(1.57)	(4.55)	(0.81)	(3.15)	(2.22)	(3.35)
Expected Short fall	N/A	N/A	N/A	(0.73)	(2.57)	(1.45)	N/A
Downside Deviation	N/A	N/A	N/A	0.6043	1.88	1.72	N/A
Semi Variance	N/A	N/A	N/A	0.1255	2.18	2.08	N/A

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.

Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, 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 the competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats 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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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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