1606 Competitors

Pink Sheets . USA . 
Stock . 1606 Corp
CBDW Stock   0.01  0  18.75%   
1606 Corp competes with Imperial Brands, RLX Technology, British Amer, Turning Point, and Imperial Brands; as well as few others. The company conducts business under Consumer Defensive sector and is part of Tobacco industry. Analyzing 1606 Corp competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of 1606 Corp to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out 1606 Corp Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of 1606 Corp competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1606 Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.000.0114.23
Details
Intrinsic
Valuation
LowRealHigh
0.000.0114.23
Details
Naive
Forecast
LowNextHigh
0.00030.0214.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.010.010.02
Details

1606 Corp Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between 1606 Corp and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of 1606 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 1606 Corp does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
UVV
+ 0.91
TPB
IMBBF
+ 0.9
IMBBY
TPB
+ 0.87
IMBBY
UVV
+ 0.83
IMBBY
IMBBF
+ 0.75
TPB
UVV
+ 0.71
IMBBF
  
High negative correlations   
XXII
- 0.71
TPB
PM
- 0.6
XXII
XXII
- 0.59
IMBBY
XXII
- 0.57
IMBBF
XXII
- 0.47
UVV
XXII
- 0.16
RLX

Risk-Adjusted Indicators

There is a big difference between 1606 Pink Sheet performing well and 1606 Corp 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 1606 Corp'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.
All Fundamental Data

1606 Corp Competitive Analysis

The better you understand 1606 Corp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, 1606 Corp'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 1606 Corp'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
CBDW IMBBY RLX BTI TPB IMBBF UVV XXII PM
 18.75 
 0.01 
1606
 0.67 
 32.95 
Imperial
 4.19 
 1.99 
RLX
 0.03 
 37.74 
British
 0.67 
 63.45 
Turning
 0.93 
 32.62 
Imperial
 0.81 
 56.29 
Universal
 9.38 
 0.07 
22nd
 1.67 
 126.82 
Philip
Market Volatility
(90 Days Market Risk)
Out of control
Very steady
Very risky
Very steady
Very steady
Not too volatile
Very steady
Relatively risky
Very steady
Market Performance
(90 Days Performance)
Very Weak
Good
OK
Very Weak
Strong
Modest
Good
Very Weak
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Quite High
Low
Low
Below Average
Low
Below Average
Low
Very High
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Under Valued
Under Valued
Over Valued
Over Valued
Under Valued
Under Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Strong Buy
Hold
Strong Buy
Not Available
Strong Sell
Hold
Buy
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Strong Buy
Cautious Hold
Strong Buy
Strong Hold
Hold
Strong Buy
Strong Hold
Cautious Hold
Current Ratio
N/A
0.7
10.76
0.88
5.28
0.7
2.61
3.45
0.92
Net Asset
N/A
30.96 B
16.32 B
118.72 B
569.36 M
30.96 B
2.94 B
27.5 M
65.3 B
Profit Margin
N/A
0.0929
0.35
-0.53
0.12
0.0929
0.0431
N/A
0.26
EBITDA
N/A
3.65 B
(400.11 M)
8.83 B
82.69 M
3.65 B
283.86 M
(40.41 M)
13.37 B
Operating Margin
-23.33
0.19
-0.0597
0.35
0.21
0.19
0.0289
-0.57
0.43
Current Valuation
N/A
34.19 B
1.93 B
126.49 B
1.34 B
34.19 B
2.52 B
7.42 M
242.15 B
Price To Book
N/A
2.87
1.39
1.2
6.09
2.81
0.99
0.98
N/A
Current Asset
N/A
7.47 B
N/A
10.69 B
63.95 M
11.31 B
1.64 B
7.15 M
15.8 B
Five Year Return
N/A
9.09
N/A
6.48
0.55
9.17
5.46
N/A
5.4
Retained Earnings
N/A
N/A
3.77 B
31.63 B
112.44 M
(477 M)
1.17 B
(378.71 M)
34.09 B
Beta
N/A
0.42
0.92
0.29
0.63
0.42
0.76
1.45
0.56
Number Of Employees
2
25.7 K
397
46.73 K
373
25.7 K
10.8 K
64
82.7 K
Shares Outstanding
N/A
929.68 M
1.26 B
2.21 B
17.7 M
929.68 M
24.69 M
46.36 M
1.55 B
Cash Flow From Operations
N/A
3.19 B
198.7 M
10.71 B
66.88 M
3.19 B
(74.63 M)
(54.99 M)
9.2 B
Annual Yield
N/A
0.0667
N/A
0.0848
0.0044
0.066
0.059
N/A
0.0426
Total Debt
N/A
9 B
53.85 M
39.73 B
377.99 M
9 B
1.06 B
16.38 M
47.91 B
Return On Equity
N/A
0.25
0.0417
-0.21
0.29
0.25
0.0947
0.36
N/A
Z Score
N/A
2.2
N/A
N/A
N/A
2.2
N/A
N/A
N/A
Return On Asset
-3.83
0.0669
-0.0098
0.0516
0.11
0.0669
0.0489
-0.23
0.13
Book Value Per Share
-0.016
7.3
12.28
23.58
10.48
7.3
57.28
0.26
-6.23
Number Of Shares Shorted
N/A
237.39 K
17.43 M
6.44 M
167.65 K
N/A
396.27 K
286.59 K
9.15 M
Current Liabilities
N/A
9.14 B
N/A
11.79 B
21.14 M
13.85 B
246.27 M
3.16 M
15.39 B
Total Asset
N/A
30.96 B
16.32 B
118.72 B
569.36 M
30.96 B
2.94 B
27.5 M
65.3 B
Debt To Equity
N/A
1.69
0.012
0.61
3.36
1.69
0.74
0.07
-3.43
Short Ratio
N/A
0.95
2.13
1.41
0.84
N/A
3.19
0.04
1.71
Target Price
N/A
28.82
3.1
36.56
65.0
N/A
59.0
720.0
136.0
Last Dividend Paid
N/A
1.41
N/A
2.33
0.28
1.41
3.21
N/A
5.25
Shares Owned By Institutions
N/A
0.71
28.86
8.32
83.35
65.09
81.78
9.8
80.52
Market Capitalization
N/A
23.27 B
3.03 B
78.26 B
1.13 B
22.34 B
1.36 B
3.4 M
197.18 B
Price To Earning
N/A
11.73
8.85
10.41
10.68
11.44
22.27
-16.17
17.73
Price To Earnings To Growth
N/A
0.71
8.62
3.15
N/A
0.69
N/A
N/A
1.55
Price To Sales
N/A
1.4
1.61
3.19
2.76
1.37
0.5
0.34
5.3
Net Income
N/A
1.57 B
540.99 M
(14.19 B)
38.46 M
1.57 B
119.6 M
(140.78 M)
8.27 B
Earnings Per Share
N/A
1.98
0.07
-7.93
2.49
1.98
4.87
-17.92
6.3
Shares Owned By Insiders
N/A
N/A
86.42
0.27
4.58
5.52
3.13
23.04
0.12
Revenue
20.72 K
32.55 B
1.24 B
27.28 B
405.39 M
32.55 B
2.75 B
32.2 M
35.17 B
Working Capital
N/A
(1.67 B)
8.32 B
(1.49 B)
167.28 M
(2.53 B)
1.39 B
(8.76 M)
(6.63 B)
Cash And Equivalents
N/A
588 M
1.27 B
3.45 B
107.43 M
588 M
64.69 M
43.72 M
3.21 B
Cash Per Share
N/A
0.62
10.96
1.83
6.02
0.62
3.52
0.2
3.59
Gross Profit
12.37 K
6.04 B
2.31 B
22.85 B
205.54 M
6.04 B
422.21 M
(3.06 M)
20.53 B
Day Typical Price
0.014
32.91
1.95
37.89
63.85
32.93
56.62
0.0753
127.63
Accumulation Distribution
0.19
0.0148
562600.0
40459.35
4285.79
0.0478
2646.28
956495.0
267253.0
Market Facilitation Index
0.003
0.49
N/A
N/A
0.0
1.62
0.0
N/A
N/A
Daily Balance Of Power
(1.00)
0.449
0.5333
0.0196
(0.26)
0.1852
(0.43)
(0.92)
(0.63)
Period Momentum Indicator
(0)
0.22
0.08
0.01
(0.43)
0.3
(0.46)
(0.01)
(2.16)
Rate Of Daily Change
0.81
1.01
1.04
1.0
0.99
1.01
0.99
0.91
0.98
Day Median Price
0.0145
32.89
1.94
37.97
64.06
33.09
56.79
0.0763
128.04
Price Action Indicator
(0)
0.18
0.095
(0.22)
(0.82)
(0.32)
(0.73)
(0.01)
(2.30)
Relative Strength Index
39.13
73.12
68.24
72.97
79.17
58.03
65.11
46.96
60.17
Coefficient Of Variation
(12,965)
585.79
1184.98
(4,357)
283.14
1582.16
757.86
(459.27)
5405.26
Mean Deviation
10.09
0.8937
2.64
0.7334
1.7
2.3
1.06
6.27
1.06
Jensen Alpha
(0.25)
0.1768
0.3343
(0.05)
0.6455
0.1658
0.0686
(1.96)
0.0629
Total Risk Alpha
(2.33)
0.005
(0.27)
(0.19)
0.4066
(0.29)
(0.04)
(3.27)
(0.26)
Sortino Ratio
N/A
0.0875
0.0514
N/A
0.4169
0.0201
0.0427
N/A
(0.06)
Downside Variance
N/A
0.942
11.92
N/A
2.29
9.3
1.35
N/A
2.28
Standard Deviation
13.97
1.23
3.58
1.01
2.14
2.94
1.32
8.66
1.79
Kurtosis
1.06
2.58
0.7228
1.91
0.1943
(0.41)
(0.39)
1.67
18.12
Potential Upside
30.0
2.49
6.25
1.59
4.76
5.23
2.49
11.54
1.99
Treynor Ratio
(0.11)
1.01
(0.79)
(0.21)
0.8521
2.05
0.1968
(3.64)
(0.07)
Maximum Drawdown
71.79
7.87
18.88
4.39
10.2
11.98
5.89
44.68
15.67
Variance
195.3
1.5
12.79
1.02
4.58
8.63
1.74
75.07
3.19
Market Risk Adjusted Performance
(0.1)
1.02
(0.78)
(0.20)
0.8621
2.06
0.2068
(3.63)
(0.06)
Risk Adjusted Performance
0.0039
0.1274
0.0689
(0.01)
0.2617
0.0532
0.0998
(0.15)
0.0193
Skewness
0.6252
0.7034
0.0227
(0.57)
0.6448
0.009
0.1239
0.7731
2.72
Semi Deviation
N/A
0.7592
3.09
N/A
0.887
2.6
1.01
N/A
1.45
Information Ratio
(0.02)
0.0692
0.0496
(0.15)
0.295
0.0208
0.0376
(0.23)
(0.05)
Value At Risk
(20.00)
(1.43)
(5.52)
(1.86)
(2.46)
(5.03)
(1.91)
(15.38)
(1.84)
Expected Short fall
N/A
(1.12)
(3.21)
N/A
(2.08)
(2.63)
(1.22)
N/A
(1.07)
Downside Deviation
N/A
0.9706
3.45
N/A
1.51
3.05
1.16
N/A
1.51
Semi Variance
N/A
0.5764
9.57
N/A
0.7868
6.78
1.01
N/A
2.1

1606 Corp Competition Performance Charts

Five steps to successful analysis of 1606 Corp Competition

1606 Corp'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 1606 Corp in relation to its competition. 1606 Corp's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of 1606 Corp 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 1606 Corp's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to 1606 Corp, 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.

Complement your 1606 Corp position

In addition to having 1606 Corp 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.

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Additional Tools for 1606 Pink Sheet Analysis

When running 1606 Corp's price analysis, check to measure 1606 Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 1606 Corp is operating at the current time. Most of 1606 Corp's value examination focuses on studying past and present price action to predict the probability of 1606 Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1606 Corp's price. Additionally, you may evaluate how the addition of 1606 Corp to your portfolios can decrease your overall portfolio volatility.
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