Compare Zuari to Sukhjit, JGCHEMICALS, V2RETAIL, Akme, Credo, Praxis

Comparing Zuari to Sukhjit, JGCHEMICALS, V2RETAIL, Akme, Credo, Praxis 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.

	ZUARI	SUKHJITS	JGCHEM	V2RETAIL	AFIL	MUFTI	PRAXIS
ZUARI		-0.11	0.21	0.26	-0.56	-0.37	0.0	ZUARI
SUKHJITS	-0.11		0.27	0.34	0.35	0.3	0.37	SUKHJITS
JGCHEM	0.21	0.27		0.02	0.14	0.19	-0.41	JGCHEM
V2RETAIL	0.26	0.34	0.02		-0.25	-0.14	0.56	V2RETAIL
AFIL	-0.56	0.35	0.14	-0.25		0.92	-0.3	AFIL
MUFTI	-0.37	0.3	0.19	-0.14	0.92		-0.31	MUFTI
PRAXIS	0.0	0.37	-0.41	0.56	-0.3	-0.31		PRAXIS
	ZUARI	SUKHJITS	JGCHEM	V2RETAIL	AFIL	MUFTI	PRAXIS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

High positive correlations

MUFTI	+ 0.92	AFIL
PRAXIS	+ 0.56	V2RETAIL
PRAXIS	+ 0.37	SUKHJITS
AFIL	+ 0.35	SUKHJITS
V2RETAIL	+ 0.34	SUKHJITS
MUFTI	+ 0.3	SUKHJITS

High negative correlations

AFIL	- 0.56	ZUARI
PRAXIS	- 0.41	JGCHEM
MUFTI	- 0.37	ZUARI
PRAXIS	- 0.31	MUFTI
PRAXIS	- 0.3	AFIL
AFIL	- 0.25	V2RETAIL

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
ZUARI	1.75	0.14	0.05	0.30	1.81	(2.23)	4.21	(3.84)	10.99
SUKHJITS	1.90	0.05	(0.01)	0.28	2.21	(2.13)	5.02	(4.43)	10.55
JGCHEM	2.82	0.19	0.02	3.78	2.69	(3.77)	6.01	(4.43)	22.59
V2RETAIL	2.42	0.08	0.01	0.24	2.76	(2.52)	5.00	(4.95)	10.00
AFIL	1.65	(0.68)	0.00	(0.68)	0.00	0.00	3.01	(4.12)	9.25
MUFTI	2.09	(0.34)	0.00	(0.23)	0.00	0.00	3.61	(4.13)	21.37
PRAXIS	2.46	0.56	0.15	1.87	2.77	(2.69)	4.99	(5.01)	10.03

Cross Equities Net Income Analysis

Compare Zuari Agro Chemicals, Sukhjit Starch Chemicals, and JGCHEMICALS LIMITED Net Income Over Time

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
ZUARI	1.6 B	1.6 B	643 M	(442.5 M)	89.7 M	(910.1 M)	(529.7 M)	1.3 B	(1.7 B)	(8 B)	(1.6 B)	1.3 B	4.8 B	998.3 M	1 B
SUKHJITS	195.9 M	208 M	158.5 M	229.2 M	224.7 M	180 M	226.7 M	411.8 M	331.3 M	209.1 M	728.5 M	633.6 M	499.6 M	574.6 M	322 M
JGCHEM	129.6 M	129.6 M	129.6 M	129.6 M	129.6 M	129.6 M	129.6 M	129.6 M	129.6 M	129.6 M	234.4 M	400.1 M	549.4 M	308.6 M	356.8 M
V2RETAIL	406.4 M	(347.6 M)	(52.7 M)	(45.1 M)	97.5 M	121.7 M	372.6 M	310.8 M	204.9 M	87.8 M	(128.4 M)	(116.8 M)	(128.2 M)	278.1 M	292 M
MUFTI	34.4 M	34.4 M	34.4 M	34.4 M	34.4 M	34.4 M	34.4 M	34.4 M	34.4 M	34.4 M	34.4 M	357.4 M	775.1 M	592 M	483.7 M
PRAXIS	(186.7 K)	(186.7 K)	(9.6 K)	(6.7 K)	(8.7 K)	(7.5 K)	(34.2 K)	(19.9 M)	(269.4 M)	(807.4 M)	(1 B)	142.4 M	(210.1 M)	(857.1 M)	(814.3 M)

Zuari Agro Chemicals, Sukhjit Starch Chemicals, and JGCHEMICALS LIMITED Net Income description

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

Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	ZUARI	SUKHJITS	JGCHEM	V2RETAIL	AFIL	MUFTI	PRAXIS
	5.11 237.89 Zuari	1.97 268.68 Sukhjit	1.57 435.05 JGCHEMICALS	2.22 1,325 V2RETAIL	0.12 81.74 Akme	0.13 179.78 Credo	2.41 21.88 Praxis
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile
Market Performance (90 Days Performance)	OK	Insignificant	Insignificant	OK	Very Weak	Very Weak	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Below Average	Low	Low	Very Low	Low	Very Small	Quite High
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Fairly 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)	Hold	Strong Sell	Strong Sell	Strong Sell	Cautious Hold	Cautious Hold	Cautious Hold
Net Asset	48.2 B	10.22 B	4.49 B	10.27 B	N/A	7.1 B	3.19 B
Profit Margin	0.05 %	0.04 %	0.06 %	0.03 %	N/A	0.1 %	(0.38) %
EBITDA	5.31 B	1.38 B	509.44 M	1.54 B	N/A	1.63 B	(273.56 M)
Operating Margin	0.07 %	0.07 %	0.10 %	0.03 %	N/A	0.22 %	(0.66) %
Current Valuation	21.06 B	10.96 B	14.41 B	53.73 B	N/A	14.08 B	4.02 B
Price To Book	0.54 X	1.55 X	4.03 X	16.24 X	N/A	3.10 X	31.09 X
Retained Earnings	(3.96 B)	29.99 M	2.01 B	(6.73 B)	N/A	3.2 B	(3.24 B)
Beta	0.27	0.37	N/A	1.09	N/A	N/A	0.51
Number Of Employees	N/A	1.26 K	N/A	3.34 K	125	232	692
Shares Outstanding	42.06 M	31.24 M	39.19 M	34.59 M	N/A	65.11 M	135.22 M
Cash Flow From Operations	2.9 B	777.42 M	759.64 M	934.25 M	N/A	562.63 M	(287.22 M)
Annual Yield	N/A	0.02 %	N/A	N/A	N/A	0 %	N/A
Total Debt	17.83 B	3.38 B	137.76 M	5.25 B	N/A	2.53 B	1.86 B
Return On Equity	0.0776	0.11	N/A	0.16	N/A	0.17	-11.23
Return On Asset	0.0556	0.0616	N/A	0.0546	N/A	0.0877	-0.12
Book Value Per Share	422.10 X	169.90 X	121.79 X	83.55 X	N/A	58.33 X	(3.45) X
Total Asset	48.2 B	10.22 B	4.49 B	10.27 B	N/A	7.1 B	3.19 B
Target Price	579.0	N/A	N/A	600.0	N/A	N/A	N/A
Shares Owned By Institutions	0.90 %	N/A	N/A	3.77 %	N/A	11.43 %	1.70 %
Market Capitalization	10.01 B	8.41 B	15.35 B	39.93 B	N/A	11.7 B	2.96 B
Price To Sales	0.25 X	0.56 X	2.20 X	3.16 X	N/A	1.97 X	1.47 X
Net Income	998.29 M	698.62 M	308.56 M	278.11 M	N/A	591.98 M	(857.12 M)
Earnings Per Share	44.75 X	17.36 X	10.77 X	12.07 X	N/A	9.14 X	(5.11) X
Shares Owned By Insiders	65.52 %	69.31 %	76.90 %	64.81 %	N/A	62.90 %	82.58 %
Revenue	45.92 B	13.75 B	6.68 B	11.61 B	N/A	5.67 B	2.19 B
Working Capital	(3.89 B)	888.7 M	N/A	1.46 B	N/A	N/A	(1 B)
Cash And Equivalents	3.3 B	N/A	N/A	N/A	N/A	N/A	17.85 M
Gross Profit	14.37 B	4.46 B	N/A	2.82 B	N/A	N/A	1.45 B
Day Typical Price	232.85	267.52	439.17	1340.05	81.62	180.42	22.11
Accumulation Distribution	77256.77	130.52	9360.74	344.08	7795.72	10291.15	3978.35
Market Facilitation Index	0.0	0.0011	1.0E-4	0.0064	0.0	0.0	0.0
Daily Balance Of Power	0.6746	0.8508	(0.36)	(0.55)	0.0397	0.0353	(0.37)
Period Momentum Indicator	11.57	5.19	(6.95)	(30.10)	0.1	0.23	(0.54)
Rate Of Daily Change	1.05	1.02	0.98	0.98	1.0	1.0	0.98
Day Median Price	230.33	266.94	441.23	1347.5	81.56	180.74	22.23
Price Action Indicator	13.35	4.34	(9.65)	(37.40)	0.23	(0.84)	(0.62)
Relative Strength Index	69.32	60.53	42.4	52.77	42.32	49.01	61.8
Coefficient Of Variation	951.44	2280.94	1989.99	1688.85	(379.61)	(1,533)	480.84
Mean Deviation	1.75	1.9	2.82	2.42	1.65	2.09	2.46
Jensen Alpha	0.136	0.0547	0.19	0.0763	(0.68)	(0.34)	0.5634
Total Risk Alpha	(0.15)	(0.32)	(0.49)	(0.33)	(0.93)	(0.76)	0.1113
Sortino Ratio	0.0536	(0.01)	0.0231	0.0121	N/A	N/A	0.1502
Downside Variance	3.97	5.6	8.92	9.17	N/A	N/A	10.1
Standard Deviation	2.33	2.5	4.11	2.94	2.14	3.22	2.96
Kurtosis	0.4459	(0.06)	7.31	(0.87)	0.222	11.63	(0.68)
Potential Upside	4.21	5.02	6.01	5.0	3.01	3.61	4.99
Treynor Ratio	0.3039	0.2832	3.78	0.2384	(0.68)	(0.23)	1.87
Maximum Drawdown	10.99	10.55	22.59	10.0	9.25	21.37	10.03
Variance	5.41	6.25	16.91	8.66	4.56	10.38	8.74
Market Risk Adjusted Performance	0.3139	0.2932	3.79	0.2484	(0.67)	(0.22)	1.88
Risk Adjusted Performance	0.0871	0.0405	0.0466	0.0527	(0.19)	(0.04)	0.1664
Skewness	0.2862	0.1286	1.81	(0.02)	(0.12)	2.1	(0.35)
Semi Deviation	1.81	2.21	2.69	2.76	N/A	N/A	2.77
Information Ratio	0.0459	(0.01)	0.0168	0.0125	(0.33)	(0.11)	0.1614
Value At Risk	(3.84)	(4.43)	(4.43)	(4.95)	(4.12)	(4.13)	(5.01)
Expected Short fall	(2.23)	(2.13)	(3.77)	(2.52)	N/A	N/A	(2.69)
Downside Deviation	1.99	2.37	2.99	3.03	N/A	N/A	3.18
Semi Variance	3.29	4.87	7.26	7.6	N/A	N/A	7.67

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.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.

	Warren Buffett Holdings Invested few shares	Go
	Adviser Favorites Invested few shares	Go
	Momentum Invested few shares	Go
	Cash Cows Invested few shares	Go
	Automobiles and Trucks Invested over 50 shares	Go
	Investor Favorites Invested over 60 shares	Go
	Macroaxis Index Invested few shares	Go
	ESG Investing Invested few shares	Go
	Hedge Favorites Invested over 40 shares	Go
	Corona Opportunity Invested few shares	Go

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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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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