Comparative Equity Analysis

Analyzing your traded assets 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 your traded assets to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out your portfolio center.

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 your traded assets competition on your existing holdings.

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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.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.44	0.59	-0.64	0.75	0.3	-0.21	0.85	-0.83	-0.32	META
MSFT	-0.44		-0.65	0.39	-0.6	0.27	0.76	-0.51	0.62	0.01	MSFT
UBER	0.59	-0.65		-0.2	0.75	-0.09	-0.53	0.74	-0.76	0.33	UBER
F	-0.64	0.39	-0.2		-0.38	0.04	0.44	-0.39	0.64	0.74	F
T	0.75	-0.6	0.75	-0.38		-0.17	-0.42	0.69	-0.78	0.04	T
A	0.3	0.27	-0.09	0.04	-0.17		0.3	0.44	0.04	-0.11	A
CRM	-0.21	0.76	-0.53	0.44	-0.42	0.3		-0.31	0.47	0.1	CRM
JPM	0.85	-0.51	0.74	-0.39	0.69	0.44	-0.31		-0.79	-0.04	JPM
MRK	-0.83	0.62	-0.76	0.64	-0.78	0.04	0.47	-0.79		0.17	MRK
XOM	-0.32	0.01	0.33	0.74	0.04	-0.11	0.1	-0.04	0.17		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

JPM	+ 0.85	META
CRM	+ 0.76	MSFT
T	+ 0.75	META
T	+ 0.75	UBER
JPM	+ 0.74	UBER
XOM	+ 0.74	F

High negative correlations

MRK	- 0.83	META
MRK	- 0.79	JPM
MRK	- 0.78	T
MRK	- 0.76	UBER
UBER	- 0.65	MSFT
F	- 0.64	META

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
META	1.36	0.28	0.17	0.57	1.44	(1.42)	3.22	(2.29)	7.11
MSFT	1.03	(0.05)	0.00	(0.16)	0.00	0.00	2.20	(1.90)	10.31
UBER	1.95	0.16	0.06	3.78	2.78	(1.95)	4.72	(3.13)	12.29
F	1.35	(0.11)	0.00	(0.13)	0.00	0.00	2.55	(2.89)	10.97
T	0.94	0.30	0.27	0.50	0.88	(1.12)	1.90	(1.75)	7.94
A	1.07	(0.03)	0.00	(0.07)	0.00	0.00	2.81	(2.16)	9.03
CRM	1.45	(0.15)	0.00	(0.22)	0.00	0.00	2.21	(3.81)	15.92
JPM	0.89	0.14	0.11	0.15	1.16	(0.97)	1.97	(1.51)	6.85
MRK	1.26	(0.10)	0.00	(2.54)	0.00	0.00	2.15	(2.24)	11.57
XOM	0.91	(0.12)	0.00	(0.43)	0.00	0.00	1.76	(2.14)	5.69

Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	AAL	AA	AAPL	BBY	C	S	CVS	CVX	HD	IBM
	1.24 14.35 American	0.54 33.25 Alcoa	1.27 237.30 Apple	1.46 89.91 Best	1.37 79.95 Citigroup	1.48 20.63 SentinelOne	1.92 65.72 CVS	1.24 158.62 Chevron	1.62 396.60 Home	0.31 252.44 International
Market Volatility (90 Days Market Risk)	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Weak	Very Weak	OK	Very Weak	Modest	Very Weak	Very Weak	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Below Average	Very Low	Very Low	Low	Very Low	Below Average	Low	Low	Very Low	Very Small
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Over Valued	Under Valued	Under Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Strong Buy	Strong Buy	Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Strong Sell	Strong Buy	Strong Buy	Cautious Hold	Strong Hold	Cautious Hold	Cautious Hold	Strong Buy
Current Ratio	0.79	1.81	0.88	0.98	N/A	4.17	0.94	1.4	1.39	0.95
Net Asset	61.78 B	14.06 B	364.98 B	14.97 B	2.36 T	2.32 B	253.22 B	256.94 B	76.53 B	137.18 B
Profit Margin	0.0156	0.005	0.24	0.0301	0.18	-0.38	0.0125	0.0903	0.0928	0.096
EBITDA	5.33 B	1.52 B	134.66 B	2.6 B	17.74 B	(292.71 M)	13.7 B	45.38 B	24.76 B	6.01 B
Operating Margin	0.087	0.17	0.34	0.0366	0.23	-0.42	0.0196	0.11	0.11	0.2
Current Valuation	40.11 B	10.33 B	3.61 T	22.37 B	30.65 B	5.89 B	154.79 B	293.59 B	448.31 B	278.62 B
Price To Book	N/A	1.68	53.4	6.15	0.78	3.98	1.1	1.81	58.39	8.6
Retained Earnings	(6.84 B)	(1.32 B)	(19.15 B)	2.68 B	206.29 B	(1.34 B)	62.84 B	205.85 B	83.66 B	151.16 B
Current Asset	9.98 B	2.57 B	106.87 B	9.89 B	N/A	6.83 B	30.38 B	34.43 B	16.48 B	42.5 B
Five Year Return	1.27	N/A	1.0	2.63	3.01	N/A	2.81	4.42	2.16	4.8
Beta	1.35	2.43	1.2	1.45	1.43	0.75	0.61	1.1	1.06	0.75
Number Of Employees	133.3 K	13.9 K	150 K	85 K	226.71 K	2.7 K	219 K	45.3 K	470 K	270.3 K
Shares Outstanding	657.58 M	258.88 M	15.02 B	213.8 M	1.88 B	306.51 M	1.26 B	1.76 B	993.36 M	927.26 M
Cash Flow From Operations	3.98 B	622 M	118.25 B	1.47 B	(19.67 B)	(68.37 M)	9.11 B	31.49 B	19.81 B	13.45 B
Annual Yield	N/A	0.012	0.0042	0.0424	0.028	N/A	0.0405	0.0437	0.0236	0.0264
Total Debt	37.54 B	2.54 B	106.63 B	3.98 B	287.3 B	22.93 M	82.92 B	24.54 B	52.24 B	58.4 B
Return On Equity	N/A	0.0044	1.37	0.43	0.0618	-0.18	0.0602	0.11	0.39	0.24
Return On Asset	0.0337	0.0409	0.23	0.0656	0.0054	-0.0893	0.0199	0.0562	0.16	0.0306
Number Of Shares Shorted	50.86 M	11.42 M	127.89 M	16.49 M	35.46 M	13.5 M	23.6 M	63.75 M	10.78 M	18.12 M
Book Value Per Share	-6.05	19.96	4.44	14.42	101.62	5.12	59.97	86.1	6.7	29.48
Current Liabilities	13.61 B	2.4 B	79.01 B	6.92 B	N/A	11.96 B	23.17 B	25.47 B	12.52 B	34.27 B
Total Asset	61.78 B	14.06 B	364.98 B	14.97 B	2.36 T	2.32 B	253.22 B	256.94 B	76.53 B	137.18 B
Debt To Equity	7.53	0.26	2.61	1.34	0.91	0.016	1.0	0.15	N/A	2.67
Short Ratio	1.52	2.1	2.22	6.91	2.2	3.76	1.83	8.65	3.7	3.47
Target Price	21.13	48.04	252.23	97.76	91.61	29.65	72.14	176.8	431.12	254.51
Last Dividend Paid	N/A	0.4	0.99	3.74	2.18	N/A	2.66	6.52	9.05	6.67
Shares Owned By Institutions	68.8	76.5	62.71	87.21	76.54	87.04	84.97	70.14	72.72	64.05
Market Capitalization	9.44 B	8.61 B	3.63 T	19.22 B	150.66 B	6.53 B	82.86 B	279.27 B	387.68 B	234.08 B
Price To Earning	7.08	9.32	24.24	12.77	6.5	78.38	42.99	10.45	19.67	24.45
Price To Earnings To Growth	0.2	-0.29	2.2	1.81	1.14	3.51	0.68	3.55	5.26	1.73
Price To Sales	0.17	0.72	9.18	0.46	2.11	8.48	0.22	1.43	2.43	3.73
Net Income	846 M	60 M	93.74 B	1.24 B	12.68 B	(338.69 M)	4.59 B	17.75 B	14.81 B	6.02 B
Earnings Per Share	1.24	0.26	6.29	5.84	5.95	-0.94	3.66	9.71	14.91	6.41
Shares Owned By Insiders	1.44	0.85	2.28	11.59	1.18	1.24	0.35	7.21	0.67	0.47
Revenue	54.21 B	11.89 B	391.04 B	43.45 B	71.36 B	621.15 M	372.81 B	202.79 B	159.51 B	62.75 B
Working Capital	(11.14 B)	1.52 B	(23.41 B)	(12 M)	N/A	707.26 M	(15.96 B)	2.35 B	7.76 B	1.34 B
Cash And Equivalents	11.23 B	1.36 B	29.96 B	1.87 B	990.92 B	137.94 M	12.95 B	17.68 B	2.76 B	7.89 B
Cash Per Share	17.28	8.09	3.04	4.13	511.61	4.34	15.21	7.98	2.42	10.58
Gross Profit	13.54 B	1.91 B	184.1 B	9.47 B	71.36 B	567.03 M	49.25 B	77.3 B	53.31 B	35.55 B
Day Typical Price	14.46	33.05	238.95	89.49	79.18	20.49	65.27	157.4	394.58	250.6
Accumulation Distribution	1.6 M	113418.0	0.0221	79772.64	626508.0	146261.0	270229.0	208522.0	70772.07	198116.0
Market Facilitation Index	N/A	N/A	5.36	0.0	N/A	N/A	N/A	N/A	0.0	0.0
Daily Balance Of Power	(0.38)	(0.22)	(0.57)	0.6	0.4576	0.411	0.7294	0.52	0.9605	(0.13)
Period Momentum Indicator	(0.18)	(0.18)	(3.06)	1.29	1.08	0.3	1.24	1.95	6.33	(0.79)
Rate Of Daily Change	0.99	0.99	0.99	1.01	1.01	1.01	1.02	1.01	1.02	1.0
Day Median Price	14.51	32.96	239.78	89.29	78.79	20.42	65.05	156.79	393.58	249.68
Price Action Indicator	(0.25)	0.21	(4.01)	1.27	1.7	0.36	1.29	2.8	6.19	2.37
Relative Strength Index	39.6	38.8	59.45	55.69	49.57	33.45	61.83	52.07	42.3	61.69
Coefficient Of Variation	5153.11	(549.22)	2229.96	1949.35	638.23	(638.50)	1085.64	(38,417)	(3,836)	905.12
Mean Deviation	1.75	1.91	1.07	1.4	1.15	1.88	1.95	0.9912	1.02	1.1
Jensen Alpha	0.0371	(0.47)	0.0473	0.0982	0.2604	(0.42)	0.2951	(0.01)	(0.03)	0.2229
Total Risk Alpha	0.1403	(0.40)	0.1028	0.1342	0.2863	(0.35)	0.3582	0.0272	(0)	0.2735
Sortino Ratio	0.0273	N/A	0.0467	0.0657	0.1772	N/A	0.1202	N/A	N/A	0.1676
Downside Variance	6.67	N/A	2.89	2.44	2.15	N/A	5.74	N/A	N/A	1.95
Standard Deviation	2.97	2.59	1.48	1.75	1.58	2.75	2.99	1.3	1.35	2.0
Kurtosis	15.74	1.37	0.7871	0.0457	3.55	6.71	8.5	1.51	0.2713	25.45
Potential Upside	3.47	3.33	2.1	3.21	2.45	3.22	4.36	1.59	2.33	1.96
Treynor Ratio	(0.10)	(1.12)	(0.14)	0.0987	0.2339	(0.61)	0.2029	(0.04)	(0.06)	0.4065
Maximum Drawdown	25.54	13.9	7.04	8.78	9.59	17.32	17.42	6.46	5.91	16.71
Variance	8.81	6.71	2.2	3.05	2.49	7.54	8.92	1.69	1.81	4.0
Market Risk Adjusted Performance	(0.09)	(1.11)	(0.13)	0.1087	0.2439	(0.60)	0.2129	(0.03)	(0.05)	0.4165
Risk Adjusted Performance	0.0218	(0.13)	0.0381	0.0436	0.1207	(0.11)	0.0754	0.0024	(0.01)	0.0877
Skewness	2.37	(0.59)	(0.51)	0.0697	0.6055	(1.81)	1.72	(0.96)	0.1333	3.76
Semi Deviation	2.41	N/A	1.62	1.49	1.2	N/A	2.16	N/A	N/A	1.14
Information Ratio	0.0238	(0.18)	0.0536	0.0587	0.1649	(0.15)	0.0965	0.0074	(0.02)	0.117
Value At Risk	(3.97)	(6.00)	(2.70)	(2.42)	(2.08)	(4.66)	(4.21)	(2.56)	(2.21)	(1.57)
Expected Short fall	(1.86)	N/A	(1.02)	(1.69)	(1.25)	N/A	(2.21)	N/A	N/A	(1.24)
Downside Deviation	2.58	N/A	1.7	1.56	1.47	N/A	2.4	N/A	N/A	1.4
Semi Variance	5.81	N/A	2.62	2.22	1.44	N/A	4.66	N/A	N/A	1.3

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.

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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.

Explore Investing Opportunities

You can quickly originate your optimal portfoio 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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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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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