Compare HaiXin to Ligao, Shenzhen, 601388, Hainan, Great, Guocheng

Comparing HaiXin to Ligao, Shenzhen, 601388, Hainan, Great, Guocheng 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.

	002702	300973	002238	601388	601969	603336	000688
002702		0.85	0.8	0.81	0.8	0.74	0.87	002702
300973	0.85		0.87	0.95	0.96	0.88	0.88	300973
002238	0.8	0.87		0.89	0.85	0.86	0.9	002238
601388	0.81	0.95	0.89		0.94	0.92	0.86	601388
601969	0.8	0.96	0.85	0.94		0.85	0.88	601969
603336	0.74	0.88	0.86	0.92	0.85		0.77	603336
000688	0.87	0.88	0.9	0.86	0.88	0.77		000688
	002702	300973	002238	601388	601969	603336	000688

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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
002702	3.22	0.75	0.17	0.61	3.69	(3.70)	10.00	(8.50)	20.10
300973	3.38	0.87	0.25	1.47	3.04	(4.27)	9.93	(4.50)	26.72
002238	2.64	0.53	0.11	(7.62)	3.85	(2.63)	4.99	(7.27)	20.06
601388	2.25	0.48	0.16	(6.93)	2.36	(3.05)	5.63	(3.56)	19.26
601969	2.33	0.58	0.18	(4.55)	2.37	(2.57)	6.90	(3.78)	20.01
603336	3.13	0.68	0.19	1.19	3.26	(3.64)	8.72	(5.97)	19.60
000688	3.20	0.78	0.19	(1.83)	3.36	(3.56)	7.68	(5.38)	19.73

Cross Equities Net Income Analysis

Compare HaiXin Foods, Ligao Foods CoLtd, and Shenzhen Topway Video Net Income Over Time

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
002702	43.3 M	53.2 M	65.8 M	33.8 M	18.4 M	(39.5 M)	13.1 M	(27.3 M)	34.9 M	6.8 M	71 M	(34.4 M)	63.2 M	2.3 M	2.2 M
300973	181.4 M	181.4 M	181.4 M	181.4 M	181.4 M	181.4 M	181.4 M	181.4 M	181.4 M	181.4 M	232.1 M	283.1 M	143.8 M	73 M	69.4 M
002238	71.3 M	117.8 M	127.7 M	143.2 M	214.9 M	272.2 M	302.6 M	235.6 M	197.2 M	188.4 M	182.1 M	142 M	109.8 M	125.1 M	172.7 M
601388	209.7 M	305.4 M	164.3 M	90 M	30.1 M	9.8 M	25.8 M	322.9 M	97.5 M	115.4 M	461.8 M	851.7 M	381.4 M	132.9 M	254.8 M
601969	1.2 B	1.2 B	771.3 M	1 B	424.1 M	10.2 M	(285.8 M)	45.5 M	(766.1 M)	127.7 M	142.5 M	874.4 M	615.1 M	625.4 M	656.6 M
603336	60.6 M	60.6 M	60.6 M	60.6 M	60.6 M	60.6 M	60.6 M	63.3 M	64.2 M	79 M	73.2 M	47 M	47.4 M	24 M	45.9 M
000688	82 M	1.9 M	282.3 M	282.3 M	322.6 M	288.4 M	234.3 M	412.4 M	405 M	170.9 M	147.2 M	207.5 M	185.4 M	62.7 M	59.6 M

HaiXin Foods, Ligao Foods CoLtd, and Shenzhen Topway Video 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

	002702	300973	002238	601388	601969	603336	000688
	1.21 4.89 HaiXin	0.14 41.72 Ligao	0.10 9.82 Shenzhen	0.73 2.77 601388	1.03 7.66 Hainan	0.82 4.91 Great	0.21 14.07 Guocheng
Market Volatility (90 Days Market Risk)	Relatively risky	Not too volatile	Slightly risky	Risky	Slightly risky	Relatively risky	Somewhat reliable
Market Performance (90 Days Performance)	Good	Good	Good	Good	Good	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Very Small	Low	Very Small	Very Low	Very Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Over Valued	Over 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)	Hold	Strong Hold	Strong Sell	Strong Sell	Strong Sell	Hold	Strong Sell
Net Asset	2.16 B	3.94 B	4.35 B	5.68 B	12.21 B	1.84 B	8.75 B
Profit Margin	(0.01) %	0.03 %	0.04 %	0.01 %	0.17 %	0.01 %	0.07 %
EBITDA	27.21 M	271.64 M	152.56 M	297.9 M	1.6 B	67.06 M	458.85 M
Operating Margin	(0.01) %	0.12 %	0.03 %	(0.01) %	0.18 %	0.05 %	0.12 %
Current Valuation	3.19 B	7.07 B	7.14 B	6.59 B	15.09 B	3.38 B	17.96 B
Price To Book	2.76 X	2.80 X	3.45 X	1.36 X	2.33 X	2.36 X	5.15 X
Retained Earnings	173.28 M	594.6 M	1.11 B	1.92 B	384.23 M	434.22 M	1.13 B
Beta	0.65	0.8	1.54	0.93	0.96	0.1	0.39
Number Of Employees	2.09 K	4.22 K	2.11 K	1.76 K	2.87 K	753	2.16 K
Shares Outstanding	555.76 M	169.34 M	802.56 M	2.2 B	2.04 B	570.39 M	1.12 B
Cash Flow From Operations	(23.42 M)	304.71 M	496.64 M	600.03 M	1.54 B	(3.49 M)	580.67 M
Annual Yield	0.01 %	0.02 %	0.01 %	N/A	N/A	N/A	0 %
Total Debt	138.58 M	77.16 M	262.62 M	364.72 M	1.18 B	398.1 M	200.06 M
Return On Equity	-0.0239	0.0451	0.0255	0.0196	0.097	0.0066	0.0344
Return On Asset	-0.0062	0.0221	-0.0041	0.0145	0.0452	0.0122	0.0186
Book Value Per Share	1.98 X	15.19 X	2.85 X	2.05 X	3.42 X	2.06 X	2.79 X
Total Asset	2.16 B	3.94 B	4.35 B	5.68 B	12.21 B	1.84 B	8.75 B
Last Dividend Paid	0.04	0.5	0.1	0.013	0.1	N/A	0.018
Target Price	N/A	39.16	25.46	9.39	31.0	21.54	N/A
Shares Owned By Institutions	0.96 %	7.67 %	0.67 %	0.90 %	1.57 %	1.73 %	5.85 %
Market Capitalization	2.75 B	7.05 B	7.88 B	6.03 B	15.84 B	2.81 B	15.88 B
Price To Sales	1.59 X	1.94 X	5.46 X	0.90 X	3.82 X	2.66 X	9.04 X
Net Income	2.27 M	73.03 M	114.29 M	132.9 M	625.36 M	23.95 M	62.71 M
Earnings Per Share	(0.05) X	0.70 X	0.08 X	0.04 X	0.35 X	0.01 X	0.10 X
Shares Owned By Insiders	44.89 %	58.42 %	75.05 %	52.12 %	77.27 %	51.94 %	76.20 %
Revenue	1.72 B	3.5 B	1.48 B	6.8 B	4.68 B	1.09 B	1.2 B
Working Capital	374.34 M	1.41 B	(148.25 M)	2.29 B	1.44 B	672.27 M	(2.67 B)
Gross Profit	364.03 M	924.56 M	1.51 B	812.61 M	1.37 B	102.51 M	565.34 M
Day Typical Price	4.94	42.12	9.84	2.77	7.74	4.9	14.08
Accumulation Distribution	2.7 M	165832.0	346796.0	535252.0	945259.0	190039.0	246626.0
Daily Balance Of Power	(0.33)	0.0343	(0.04)	0.3333	(0.32)	0.4	(0.08)
Period Momentum Indicator	(0.06)	0.06	(0.01)	0.02	(0.08)	0.04	(0.03)
Rate Of Daily Change	0.99	1.0	1.0	1.01	0.99	1.01	1.0
Day Median Price	4.96	42.33	9.85	2.77	7.78	4.9	14.09
Price Action Indicator	(0.10)	(0.58)	(0.04)	0.01	(0.16)	0.03	(0.03)
Relative Strength Index	82.31	61.35	59.11	59.98	64.82	60.92	70.68
Coefficient Of Variation	560.69	518.05	698.65	625.56	563.17	582.89	534.74
Mean Deviation	3.22	3.38	2.64	2.25	2.33	3.13	3.2
Jensen Alpha	0.7478	0.8694	0.5253	0.4752	0.579	0.683	0.7751
Total Risk Alpha	0.6476	0.747	0.4137	0.3843	0.4787	0.5752	0.6431
Sortino Ratio	0.1706	0.2475	0.1088	0.1586	0.18	0.1874	0.1902
Downside Variance	19.57	12.08	21.16	8.06	9.42	12.91	15.22
Standard Deviation	4.42	4.63	3.73	3.02	3.3	4.12	4.15
Kurtosis	0.9719	1.6	1.59	1.76	2.17	0.3128	0.2342
Potential Upside	10.0	9.93	4.99	5.63	6.9	8.72	7.68
Treynor Ratio	0.6052	1.47	(7.62)	(6.93)	(4.55)	1.19	(1.83)
Maximum Drawdown	20.1	26.72	20.06	19.26	20.01	19.6	19.73
Variance	19.52	21.43	13.9	9.15	10.89	16.97	17.19
Market Risk Adjusted Performance	0.6152	1.48	(7.61)	(6.92)	(4.54)	1.2	(1.82)
Risk Adjusted Performance	0.1498	0.1616	0.1215	0.1343	0.1486	0.1443	0.1566
Skewness	(0.08)	0.5553	(0.61)	0.0415	0.3122	0.2487	(0.06)
Semi Deviation	3.69	3.04	3.85	2.36	2.37	3.26	3.36
Information Ratio	0.1708	0.1858	0.1342	0.1488	0.1674	0.1634	0.1789
Value At Risk	(8.50)	(4.50)	(7.27)	(3.56)	(3.78)	(5.97)	(5.38)
Expected Short fall	(3.70)	(4.27)	(2.63)	(3.05)	(2.57)	(3.64)	(3.56)
Downside Deviation	4.42	3.48	4.6	2.84	3.07	3.59	3.9
Semi Variance	13.61	9.26	14.79	5.55	5.62	10.64	11.31

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.

Generate Optimal Portfolios

The classical approach to portfolio optimization is known as Modern Portfolio Theory (MPT). It involves categorizing the investment universe based on risk (standard deviation) and return, and then choosing the mix of investments that achieves the desired risk-versus-return tradeoff. Portfolio optimization can also be thought of as a risk-management strategy as every type of equity has a distinct return and risk characteristics as well as different systemic risks, which describes how they respond to the market at large. Macroaxis enables investors to optimize portfolios that have a mix of equities (such as stocks, funds, or ETFs) and cryptocurrencies (such as Bitcoin, Ethereum or Monero)

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

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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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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