NexGen Competitors
| 6NE Stock | EUR 6.86 0.46 6.28% |
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NexGen Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NexGen Energy 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 NexGen 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 NexGen Energy does not affect the price movement of the other competitor.
| 0.75 | 0.51 | -0.17 | 0.58 | 0.34 | 0ZQ | ||
| 0.75 | 0.53 | -0.1 | 0.5 | 0.47 | U9T | ||
| 0.51 | 0.53 | 0.42 | 0.72 | 0.76 | 59U | ||
| -0.17 | -0.1 | 0.42 | 0.39 | 0.3 | BH6 | ||
| 0.58 | 0.5 | 0.72 | 0.39 | 0.52 | 0ADN | ||
| 0.34 | 0.47 | 0.76 | 0.3 | 0.52 | KEQ0 | ||
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High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between NexGen Stock performing well and NexGen Energy 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 NexGen Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0ZQ | 1.85 | 0.09 | 0.05 | 0.08 | 1.94 | 5.01 | 12.79 | |||
| U9T | 2.40 | 0.22 | 0.06 | (0.83) | 2.64 | 4.81 | 15.96 | |||
| 59U | 2.93 | 0.17 | 0.04 | 0.35 | 3.41 | 5.91 | 22.20 | |||
| BH6 | 3.06 | 0.39 | 0.12 | 0.67 | 2.81 | 9.56 | 24.87 | |||
| 0ADN | 9.69 | 1.22 | 0.09 | 0.27 | 11.69 | 32.00 | 65.49 | |||
| KEQ0 | 10.87 | 2.09 | 0.15 | (0.41) | 9.86 | 24.56 | 85.56 |
NexGen Energy Competitive Analysis
The better you understand NexGen Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NexGen Energy'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 NexGen Energy'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 |
NexGen Energy Competition Performance Charts
Five steps to successful analysis of NexGen Energy Competition
NexGen Energy'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 NexGen Energy in relation to its competition. NexGen Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of NexGen Energy 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 NexGen Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NexGen Energy, 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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Additional Information and Resources on Investing in NexGen Stock
When determining whether NexGen Energy is a strong investment it is important to analyze NexGen Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NexGen Energy's future performance. For an informed investment choice regarding NexGen Stock, refer to the following important reports:Check out NexGen Energy Correlation with its peers. For more detail on how to invest in NexGen Stock please use our How to Invest in NexGen Energy guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.