Hologic Competitors
| HO1 Stock | EUR 69.00 0.50 0.73% |
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Hologic |
Hologic Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hologic 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 Hologic 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 Hologic does not affect the price movement of the other competitor.
| 0.75 | 0.8 | -0.1 | -0.53 | -0.71 | IUI1 | ||
| 0.75 | 0.91 | -0.13 | -0.34 | -0.5 | RMEA | ||
| 0.8 | 0.91 | -0.1 | -0.39 | -0.51 | RME | ||
| -0.1 | -0.13 | -0.1 | 0.75 | 0.6 | 56S1 | ||
| -0.53 | -0.34 | -0.39 | 0.75 | 0.85 | SRT4 | ||
| -0.71 | -0.5 | -0.51 | 0.6 | 0.85 | SRT3 | ||
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High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hologic Stock performing well and Hologic 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 Hologic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IUI1 | 1.10 | 0.21 | 0.13 | 3.68 | 1.04 | 2.66 | 11.28 | |||
| RMEA | 1.24 | (0.01) | (0.03) | (0.22) | 1.33 | 2.81 | 7.28 | |||
| RME | 1.15 | 0.04 | 0.00 | 0.17 | 1.76 | 1.79 | 11.82 | |||
| 56S1 | 1.97 | 0.14 | 0.04 | 0.76 | 2.21 | 4.20 | 26.99 | |||
| SRT4 | 2.05 | (0.02) | 0.00 | (2.52) | 0.00 | 5.99 | 19.79 | |||
| SRT3 | 1.83 | (0.06) | 0.00 | 0.17 | 0.00 | 3.48 | 22.45 |
Hologic Competitive Analysis
The better you understand Hologic competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hologic'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 Hologic'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 |
Hologic Competition Performance Charts
Five steps to successful analysis of Hologic Competition
Hologic'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 Hologic in relation to its competition. Hologic's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Hologic 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 Hologic's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hologic, 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 Hologic Stock
When determining whether Hologic offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hologic's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hologic Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hologic Stock:Check out Hologic Correlation with its peers.For more detail on how to invest in Hologic Stock please use our How to Invest in Hologic guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.