Spirax-Sarco Competitors
| 1LNB Stock | EUR 78.50 0.50 0.63% |
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Spirax-Sarco Engineering Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Spirax-Sarco Engineering 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 Spirax-Sarco 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 Spirax-Sarco Engineering does not affect the price movement of the other competitor.
| 0.0 | 0.0 | 0.0 | -1.0 | 0.0 | B3BN | ||
| 0.0 | 0.32 | 0.92 | 0.0 | -0.57 | CZH | ||
| 0.0 | 0.32 | 0.26 | 0.0 | -0.08 | PUS | ||
| 0.0 | 0.92 | 0.26 | 0.0 | -0.5 | IC1B | ||
| -1.0 | 0.0 | 0.0 | 0.0 | 0.0 | DPD3 | ||
| 0.0 | -0.57 | -0.08 | -0.5 | 0.0 | 0JZ | ||
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High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Spirax-Sarco Stock performing well and Spirax-Sarco Engineering 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 Spirax-Sarco Engineering's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| B3BN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CZH | 1.22 | (0.18) | 0.00 | 18.97 | 0.00 | 2.17 | 10.57 | |||
| PUS | 0.13 | 0.00 | 0.00 | 0.02 | 0.00 | 0.62 | 3.67 | |||
| IC1B | 1.27 | (0.25) | 0.00 | (1.42) | 0.00 | 2.36 | 7.23 | |||
| DPD3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 0JZ | 2.37 | (0.02) | 0.00 | 0.04 | 0.00 | 6.30 | 15.41 |
Spirax-Sarco Engineering Competitive Analysis
The better you understand Spirax-Sarco Engineering competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Spirax-Sarco Engineering's 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 Spirax-Sarco Engineering's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Spirax-Sarco Engineering Competition Performance Charts
Five steps to successful analysis of Spirax-Sarco Engineering Competition
Spirax-Sarco Engineering's 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 Spirax-Sarco Engineering in relation to its competition. Spirax-Sarco Engineering's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Spirax-Sarco Engineering 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 Spirax-Sarco Engineering's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Spirax-Sarco Engineering, 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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Other Information on Investing in Spirax-Sarco Stock
Spirax-Sarco Engineering financial ratios help investors to determine whether Spirax-Sarco Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spirax-Sarco with respect to the benefits of owning Spirax-Sarco Engineering security.