Compare Zhongtong to Western, Zhejiang, 601388, Runjian, Songz

Comparing Zhongtong to Western, Zhejiang, 601388, Runjian, Songz 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.

	603559	002149	301113	601388	002929	002454
603559		0.83	0.75	0.81	0.57	0.89	603559
002149	0.83		0.93	0.97	0.83	0.94	002149
301113	0.75	0.93		0.94	0.92	0.93	301113
601388	0.81	0.97	0.94		0.88	0.95	601388
002929	0.57	0.83	0.92	0.88		0.83	002929
002454	0.89	0.94	0.93	0.95	0.83		002454
	603559	002149	301113	601388	002929	002454

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
603559	3.71	1.14	0.23	(0.91)	3.71	(4.23)	5.05	(5.00)	10.11
002149	2.50	0.54	0.14	(0.59)	2.27	(2.86)	6.50	(3.47)	15.58
301113	2.48	0.65	0.15	(4.88)	3.02	(2.67)	5.18	(3.84)	27.85
601388	2.05	0.48	0.14	(4.50)	2.28	(2.66)	4.53	(3.21)	19.26
002929	2.33	0.30	0.07	4.41	2.82	(2.57)	4.96	(4.91)	19.58
002454	1.94	0.45	0.15	14.75	1.98	(2.33)	4.14	(3.51)	15.98

Cross Equities Net Income Analysis

Compare Zhongtong Guomai Com, Western Metal Materials, and Zhejiang Yayi Metal Net Income Over Time

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
603559	42.5 M	42.5 M	42.5 M	42.5 M	42.5 M	42.5 M	42.5 M	27.8 M	49.3 M	16.9 M	(992.4 K)	(356.4 M)	(153.7 M)	(242.2 M)	(230.1 M)
002149	20.8 M	22.5 M	22.5 M	20.2 M	5.5 M	(132.3 M)	21.2 M	54.1 M	60.3 M	61.5 M	79.4 M	133.1 M	185.2 M	196.2 M	206 M
301113	35.9 M	35.9 M	35.9 M	35.9 M	35.9 M	35.9 M	35.9 M	35.9 M	35.9 M	35.9 M	84.5 M	93.8 M	49 M	18.8 M	17.8 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
002929	68.7 M	68.7 M	68.7 M	68.7 M	106.5 M	145.1 M	178.8 M	239.4 M	205.9 M	230 M	238.7 M	353 M	424.2 M	438.5 M	262.9 M
002454	131 M	231.6 M	146 M	239.5 M	276.4 M	310.2 M	234.1 M	366.1 M	176 M	176.4 M	246.9 M	112.6 M	93.8 M	99.8 M	157 M

Zhongtong Guomai Com, Western Metal Materials, and Zhejiang Yayi Metal 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

	603559	002149	301113	601388	002929	002454
	3.23 11.09 Zhongtong	1.30 15.97 Western	3.07 26.52 Zhejiang	1.08 2.74 601388	2.62 29.39 Runjian	0.42 7.17 Songz
Market Volatility (90 Days Market Risk)	Slightly risky	Not too volatile	Not too volatile	Risky	Very steady	Somewhat reliable
Market Performance (90 Days Performance)	Solid	Good	Good	Good	OK	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Very Small	Low	Very Small	Low	Very Small
Current Valuation (Equity Enterprise Value)	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
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Cautious Hold	Strong Hold
Net Asset	1.12 B	6.56 B	806.23 M	5.68 B	14.85 B	7.37 B
Profit Margin	(0.66) %	0.06 %	0.18 %	0.01 %	0.04 %	0.03 %
EBITDA	(147.11 M)	346.89 M	24.92 M	297.9 M	842.65 M	274.41 M
Operating Margin	(0.05) %	0.11 %	0.03 %	(0.01) %	0.04 %	0.04 %
Current Valuation	1.63 B	8.97 B	1.71 B	6.57 B	12.21 B	2.57 B
Price To Book	47.00 X	2.68 X	2.63 X	1.35 X	1.37 X	1.15 X
Retained Earnings	(526.39 M)	377.71 M	127.94 M	1.92 B	2.28 B	2.16 B
Beta	-0.52	0.75	0.94	0.93	-0.16	-0.049
Number Of Employees	600	1.91 K	211	1.76 K	6.26 K	3.4 K
Shares Outstanding	143.31 M	488.21 M	70 M	2.2 B	281.83 M	628.58 M
Cash Flow From Operations	(29.89 M)	237.3 M	27.83 M	600.03 M	192.88 M	368.38 M
Annual Yield	N/A	0.02 %	0 %	N/A	0.01 %	0.01 %
Total Debt	100.33 M	1.07 B	81.96 M	364.72 M	2.11 B	58.17 M
Return On Equity	-1.62	0.0656	0.0382	0.0196	0.0462	0.0364
Return On Asset	-0.0823	0.0155	0.016	0.0145	0.0135	0.0131
Book Value Per Share	0.23 X	6.04 X	10.40 X	2.05 X	22.21 X	6.27 X
Total Asset	1.12 B	6.56 B	806.23 M	5.68 B	14.85 B	7.37 B
Target Price	N/A	18.0	N/A	9.39	32.0	7.8
Last Dividend Paid	N/A	0.25	N/A	0.013	0.25	0.06
Shares Owned By Institutions	N/A	23.64 %	0.50 %	0.90 %	1.17 %	0.54 %
Market Capitalization	1.63 B	7.89 B	1.86 B	6.03 B	8.34 B	4.41 B
Price To Earnings To Growth	N/A	2.39 X	N/A	N/A	N/A	N/A
Price To Sales	4.06 X	2.55 X	12.12 X	0.90 X	0.97 X	0.94 X
Net Income	(242.22 M)	196.2 M	18.77 M	132.9 M	399.78 M	99.84 M
Earnings Per Share	(1.77) X	0.38 X	0.03 X	0.04 X	0.79 X	0.22 X
Shares Owned By Insiders	26.97 %	35.24 %	79.50 %	52.12 %	51.95 %	52.39 %
Revenue	309.22 M	3.23 B	157.98 M	6.8 B	8.83 B	4.76 B
Working Capital	121.9 M	1.88 B	305.36 M	2.29 B	2.14 B	2.3 B
Gross Profit	57.26 M	528.38 M	65.23 M	812.61 M	8.16 B	764.57 M
Day Typical Price	11.23	16.12	26.78	2.75	29.63	7.17
Accumulation Distribution	238568.0	209151.0	30358.49	733314.0	151421.0	0.0221
Market Facilitation Index	N/A	N/A	0.0	N/A	N/A	0.16
Daily Balance Of Power	(0.73)	(0.39)	(0.65)	(0.43)	(0.87)	0.1875
Period Momentum Indicator	(0.37)	(0.21)	(0.84)	(0.03)	(0.79)	0.03
Rate Of Daily Change	0.97	0.99	0.97	0.99	0.97	1.0
Day Median Price	11.3	16.2	26.91	2.76	29.74	7.17
Price Action Indicator	(0.39)	(0.33)	(0.81)	(0.03)	(0.75)	0.015
Relative Strength Index	69.58	54.24	57.89	N/A	52.31	58.29
Coefficient Of Variation	399.27	671.74	575.74	589.39	978.92	540.56
Mean Deviation	3.71	2.5	2.48	2.05	2.33	1.94
Jensen Alpha	1.14	0.5416	0.6496	0.4828	0.2996	0.451
Total Risk Alpha	0.4635	0.0325	0.1323	0.0872	(0.11)	0.1144
Sortino Ratio	0.2251	0.136	0.1464	0.1351	0.0674	0.1523
Downside Variance	16.62	6.92	13.25	7.44	9.1	5.31
Standard Deviation	4.12	3.17	3.72	2.84	3.1	2.51
Kurtosis	(1.51)	(0.0005)	6.07	2.75	1.9	1.55
Potential Upside	5.05	6.5	5.18	4.53	4.96	4.14
Treynor Ratio	(0.91)	(0.59)	(4.88)	(4.50)	4.41	14.75
Maximum Drawdown	10.11	15.58	27.85	19.26	19.58	15.98
Variance	16.95	10.02	13.84	8.07	9.62	6.3
Market Risk Adjusted Performance	(0.90)	(0.58)	(4.87)	(4.49)	4.42	14.76
Risk Adjusted Performance	0.1992	0.1212	0.1405	0.1368	0.0855	0.1481
Skewness	(0.41)	0.4353	0.1424	0.005	(0.11)	0.0047
Semi Deviation	3.71	2.27	3.02	2.28	2.82	1.98
Information Ratio	0.2229	0.1131	0.1432	0.1298	0.0656	0.1398
Value At Risk	(5.00)	(3.47)	(3.84)	(3.21)	(4.91)	(3.51)
Expected Short fall	(4.23)	(2.86)	(2.67)	(2.66)	(2.57)	(2.33)
Downside Deviation	4.08	2.63	3.64	2.73	3.02	2.3
Semi Variance	13.78	5.14	9.1	5.2	7.95	3.9

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.

	Macroaxis Index Invested few shares	Go
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	Millennials Best Invested one share	Go
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	Disruptive Technologies Invested over 90 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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