Abbott Competitors
| ABL Stock | EUR 108.06 0.44 0.41% |
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Abbott |
Abbott Laboratories Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Abbott Laboratories 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 Abbott 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 Abbott Laboratories does not affect the price movement of the other competitor.
| 0.23 | 0.88 | 0.85 | -0.06 | 0.71 | -0.09 | ABL | ||
| 0.23 | 0.01 | -0.15 | -0.35 | -0.31 | -0.58 | 2M6 | ||
| 0.88 | 0.01 | 0.89 | -0.03 | 0.7 | 0.25 | SYK | ||
| 0.85 | -0.15 | 0.89 | 0.2 | 0.85 | 0.19 | BSX | ||
| -0.06 | -0.35 | -0.03 | 0.2 | 0.27 | 0.37 | SHL | ||
| 0.71 | -0.31 | 0.7 | 0.85 | 0.27 | 0.22 | EWL | ||
| -0.09 | -0.58 | 0.25 | 0.19 | 0.37 | 0.22 | AFW | ||
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Abbott Stock performing well and Abbott Laboratories 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 Abbott Laboratories' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 0.84 | 0.11 | 0.10 | (1.65) | 0.78 | 1.95 | 6.59 | |||
| 2M6 | 0.73 | (0.05) | 0.00 | (0.43) | 0.00 | 1.45 | 5.58 | |||
| SYK | 1.09 | 0.09 | 0.05 | 0.72 | 1.41 | 2.33 | 7.96 | |||
| BSX | 1.24 | 0.20 | 0.09 | 2.81 | 1.59 | 2.56 | 8.67 | |||
| SHL | 1.08 | 0.11 | 0.09 | 0.20 | 1.03 | 2.97 | 8.89 | |||
| EWL | 1.23 | 0.23 | 0.14 | 4.20 | 1.22 | 3.08 | 8.45 | |||
| AFW | 1.46 | (0.18) | 0.00 | (0.21) | 0.00 | 3.35 | 9.80 |
Abbott Laboratories Competitive Analysis
The better you understand Abbott Laboratories competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Abbott Laboratories' 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 Abbott Laboratories' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Abbott Laboratories Competition Performance Charts
Five steps to successful analysis of Abbott Laboratories Competition
Abbott Laboratories' 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 Abbott Laboratories in relation to its competition. Abbott Laboratories' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Abbott Laboratories 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 Abbott Laboratories' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Abbott Laboratories, 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.
Complement your Abbott Laboratories position
In addition to having Abbott Laboratories in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Large Growth Funds
Funds or Etfs that invest in stocks of large-sized companies with above-average risk and growth rate. The Large Growth Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Growth Funds Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Abbott Stock
When determining whether Abbott Laboratories is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Abbott Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Abbott Laboratories Stock. Highlighted below are key reports to facilitate an investment decision about Abbott Laboratories Stock:Check out Abbott Laboratories Correlation with its peers.For more detail on how to invest in Abbott Stock please use our How to Invest in Abbott Laboratories guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.