Canadian Competitors

CTC-A Stock  CAD 143.48  1.05  0.73%   
Canadian Tire competes with Dollarama, Loblaw Companies, Restaurant Brands, Canadian National, and Metro; as well as few others. The company operates under Specialty Retail sector and is part of Consumer Discretionary industry. Analyzing Canadian Tire 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 Canadian Tire to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Canadian Tire 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 Canadian Tire competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
141.93143.60145.27
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Intrinsic
Valuation
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120.29121.96157.83
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Naive
Forecast
LowNextHigh
145.08146.75148.41
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
134.34150.90167.45
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Canadian Tire. Your research has to be compared to or analyzed against Canadian Tire's peers to derive any actionable benefits. When done correctly, Canadian Tire's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Canadian Tire.

Canadian Tire Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Canadian Tire 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 Canadian 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 Canadian Tire does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
MRUDOL
QSRDOL
QSRL
MRUQSR
LDOL
MRUL
  
High negative correlations   
CNRDOL
CNRQSR
MRUCNR
CNRL

Risk-Adjusted Indicators

There is a big difference between Canadian Stock performing well and Canadian Tire 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 Canadian Tire'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.

Canadian Tire Competitive Analysis

The better you understand Canadian Tire competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Canadian Tire'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 Canadian Tire'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
CTC-A DOL L QSR CNR MRU
 0.73 
 143.48 
Canadian
 1.47 
 149.98 
Dollarama
 1.40 
 187.43 
Loblaw
 0.01 
 94.91 
Restaurant
 1.31 
 140.30 
Canadian
 0.34 
 93.32 
Metro
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Canadian Tire Competition Performance Charts

Five steps to successful analysis of Canadian Tire Competition

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

In addition to having Canadian Tire 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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Corporate Bonds Funds
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Additional Tools for Canadian Stock Analysis

When running Canadian Tire's price analysis, check to measure Canadian Tire'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 Canadian Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.