HyreCar Competitors

HyreCar competes with Wendys, Dine Brands, Plexus Corp, Cheesecake Factory, and Coda Octopus; as well as few others. Analyzing HyreCar 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 HyreCar to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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 HyreCar competition on your existing holdings.

Specify up to 10 symbols:

Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HyreCar'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.

HyreCar Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between HyreCar 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 HyreCar 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 HyreCar does not affect the price movement of the other competitor.

	WEN	DIN	PLXS	CAKE	CODA	IPGP	JBL	NTGR
WEN		0.22	0.32	0.34	0.5	0.74	0.48	0.25	WEN
DIN	0.22		0.72	0.72	0.61	0.42	0.74	0.65	DIN
PLXS	0.32	0.72		0.96	0.88	0.69	0.89	0.89	PLXS
CAKE	0.34	0.72	0.96		0.88	0.67	0.87	0.88	CAKE
CODA	0.5	0.61	0.88	0.88		0.7	0.88	0.81	CODA
IPGP	0.74	0.42	0.69	0.67	0.7		0.77	0.54	IPGP
JBL	0.48	0.74	0.89	0.87	0.88	0.77		0.77	JBL
NTGR	0.25	0.65	0.89	0.88	0.81	0.54	0.77		NTGR
	WEN	DIN	PLXS	CAKE	CODA	IPGP	JBL	NTGR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between HyreCar Pink Sheet performing well and HyreCar 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 HyreCar'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
WEN	1.44	0.06	(0.03)	(0.89)	1.86	(1.46)	3.33	(2.44)	10.30
DIN	2.54	0.16	0.05	0.35	2.60	(2.78)	4.47	(4.39)	19.97
PLXS	1.35	0.31	0.29	0.29	0.85	(1.57)	3.38	(1.66)	12.92
CAKE	1.81	0.38	0.21	0.40	1.57	(2.17)	4.75	(2.32)	13.08
CODA	2.07	0.38	0.15	1.49	1.75	(2.62)	5.89	(3.10)	11.71
IPGP	1.82	0.18	0.12	0.24	1.71	(1.96)	4.86	(3.15)	11.69
JBL	1.28	0.37	0.26	1.66	0.77	(1.64)	2.80	(1.93)	15.06
NTGR	2.37	0.63	0.34	0.63	1.43	(3.22)	5.28	(3.05)	34.93

Unable to evaluate fundamental data of HyreCar at this time. Please try again later

All Fundamental Data

HyreCar Competitive Analysis

The better you understand HyreCar competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, HyreCar'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 HyreCar'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

	WEN	DIN	PLXS	CAKE	CODA	IPGP	JBL	NTGR
	0.51 17.48 Wendys	3.34 32.49 Dine	0.03 166.62 Plexus	1.40 50.07 Cheesecake	0.22 9.00 Coda	1.02 77.73 IPG	1.13 132.75 Jabil	0.60 25.23 NETGEAR
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Somewhat reliable	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Insignificant	Modest	Solid	Solid	Good	OK	Good	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Very Small	Below Average	Very Low	Low	Very Small	Below Average	Very Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Over Valued	Over Valued	Under Valued	Under Valued	Under Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Buy	Buy	Buy	Strong Buy	Buy	Strong Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Cautious Hold	Strong Buy	Strong Buy	Strong Hold	Buy	Strong Buy	Buy
Current Ratio	2.62 X	1.31 X	1.43 X	0.63 X	8.61 X	6.87 X	1.01 X	2.51 X
Net Asset	5.18 B	1.74 B	3.15 B	2.84 B	51.84 M	2.7 B	17.35 B	847.14 M
Profit Margin	0.09 %	0.11 %	0.03 %	0.04 %	0.16 %	(0.14) %	0.05 %	0.03 %
EBITDA	552.05 M	217.38 M	158.41 M	202.9 M	2.74 M	301.19 M	2.62 B	(33.27 M)
Operating Margin	0.16 %	0.23 %	0.05 %	0.04 %	0.25 %	(0.12) %	0.05 %	(0.02) %
Current Valuation	7.2 B	1.9 B	4.45 B	4.32 B	75.54 M	2.36 B	16.21 B	359.36 M
Price To Book	13.78 X	N/A	3.41 X	6.28 X	1.91 X	1.59 X	8.72 X	1.31 X
Retained Earnings	409.86 M	150.01 M	1.82 B	1.22 B	(11.05 M)	2.8 B	5.76 B	(432.32 M)
Current Asset	616.57 M	372.71 M	1.43 B	225.4 M	17.58 M	1.12 B	5.85 B	821.14 M
Five Year Return	1.87 %	4.82 %	N/A	2.55 %	N/A	N/A	0.88 %	N/A
Beta	0.78	1.73	0.88	1.48	0.53	0.99	1.25	0.83
Number Of Employees	5.1 K	596	20 K	47.9 K	83	6.18 K	138 K	638
Shares Outstanding	203.84 M	15.25 M	27.09 M	51.04 M	11.2 M	43.25 M	112.84 M	28.77 M
Cash Flow From Operations	345.42 M	131.14 M	436.5 M	218.4 M	2.39 M	295.99 M	1.72 B	56.85 M
Annual Yield	0.06 %	0.06 %	N/A	0.02 %	N/A	N/A	0 %	N/A
Total Debt	4.14 B	1.59 B	279.59 M	1.86 B	3.41 M	18.26 M	3.26 B	41.57 M
Return On Equity	0.64	N/A	0.0881	0.36	0.0584	-0.0658	0.6	0.0362
Return On Asset	0.0434	0.0678	0.0363	0.0388	0.0344	0.0074	0.0492	-0.0463
Number Of Shares Shorted	13.2 M	1.72 M	537.29 K	5.41 M	109.16 K	1.42 M	2.76 M	834.16 K
Book Value Per Share	1.28 X	(14.19) X	48.70 X	7.78 X	4.72 X	48.90 X	15.27 X	19.13 X
Current Liabilities	268.77 M	298.43 M	650.44 M	350.23 M	3.62 M	144.98 M	5.57 B	315.77 M
Total Asset	5.18 B	1.74 B	3.15 B	2.84 B	51.84 M	2.7 B	17.35 B	847.14 M
Short Ratio	3.38 X	3.43 X	2.83 X	4.36 X	1.50 X	5.56 X	2.29 X	2.12 X
Target Price	20.55	41.43	153.2	48.24	11.0	85.4	146.13	22.0
Last Dividend Paid	1.0	2.04	N/A	1.08	N/A	N/A	0.32	N/A
Debt To Equity	N/A	558.10 %	0.45 %	5.00 %	0 %	0.01 %	1.52 %	0.05 %
Shares Owned By Institutions	89.14 %	97.51 %	99.76 %	91.99 %	18.87 %	60.50 %	95.24 %	85.39 %
Market Capitalization	3.58 B	487.58 M	4.51 B	2.59 B	100.76 M	3.36 B	15.15 B	725.86 M
Price To Earning	43.12 X	13.57 X	20.90 X	19.59 X	23.37 X	29.75 X	10.24 X	7.07 X
Price To Earnings To Growth	1.77 X	2.55 X	1.61 X	2.68 X	N/A	2.52 X	0.91 X	2.84 X
Price To Sales	1.61 X	0.60 X	1.14 X	0.73 X	5.35 X	3.23 X	0.52 X	1.07 X
Net Income	204.44 M	97.18 M	111.81 M	101.35 M	3.12 M	218.88 M	1.39 B	(104.77 M)
Earnings Per Share	0.94 X	6.01 X	4.01 X	2.64 X	0.26 X	(3.33) X	11.16 X	0.67 X
Shares Owned By Insiders	8.94 %	2.49 %	1.67 %	6.85 %	51.02 %	39.87 %	3.12 %	6.77 %
Revenue	2.18 B	831.07 M	3.96 B	3.44 B	19.35 M	1.29 B	28.88 B	740.84 M
Working Capital	455.72 M	(102.67 M)	833.86 M	(359.87 M)	37.61 M	1.7 B	1.01 B	483.63 M
Cash And Equivalents	700.81 M	269.65 M	276.61 M	194.89 M	21.47 M	1.23 B	1.8 B	233.2 M
Cash Per Share	3.29 X	16.66 X	9.98 X	3.73 X	1.98 X	24.59 X	11.10 X	8.07 X
Gross Profit	720.76 M	377.62 M	347.23 M	1.28 B	15.19 M	555.41 M	2.87 B	250.55 M
Day Typical Price	17.44	32.15	166.93	50.51	8.99	78.12	133.14	25.11
Accumulation Distribution	0.0249	0.0668	2752.6	26552.15	0.0177	6606.12	0.021	6962.54
Market Facilitation Index	0.44	2.21	0.0	0.0	0.16	0.0	2.83	0.0
Daily Balance Of Power	(0.20)	0.4751	0.0177	(0.47)	0.125	(0.32)	(0.54)	0.1948
Period Momentum Indicator	(0.09)	1.05	0.05	(0.71)	0.02	(0.80)	(1.52)	0.15
Rate Of Daily Change	0.99	1.03	1.0	0.99	1.0	0.99	0.99	1.01
Day Median Price	17.42	31.98	167.09	50.73	8.98	78.31	133.33	25.06
Price Action Indicator	0.015	1.04	(0.44)	(1.02)	0.03	(0.98)	(1.34)	0.25
Relative Strength Index	45.97	54.99	67.29	65.88	54.44	50.37	61.03	70.14
Coefficient Of Variation	2836.32	1405.8	383.61	439.72	645.71	652.46	504.36	567.96
Mean Deviation	1.44	2.54	1.35	1.81	2.07	1.82	1.28	2.37
Jensen Alpha	0.0647	0.1629	0.3113	0.3758	0.3777	0.1844	0.3734	0.6309
Total Risk Alpha	(0.25)	(0.32)	0.1934	0.1521	(0.02)	(0.02)	0.0725	0.068
Sortino Ratio	(0.03)	0.0458	0.2931	0.2146	0.151	0.1154	0.2559	0.344
Downside Variance	3.65	7.9	1.81	3.65	3.81	4.27	1.25	3.65
Standard Deviation	1.91	3.56	1.99	2.35	2.71	2.37	2.07	4.44
Kurtosis	0.8702	4.98	7.97	1.62	0.6356	0.5722	13.78	32.53
Potential Upside	3.33	4.47	3.38	4.75	5.89	4.86	2.8	5.28
Treynor Ratio	(0.89)	0.3468	0.2948	0.4033	1.49	0.2398	1.66	0.6283
Maximum Drawdown	10.3	19.97	12.92	13.08	11.71	11.69	15.06	34.93
Variance	3.64	12.67	3.96	5.53	7.32	5.6	4.3	19.7
Market Risk Adjusted Performance	(0.88)	0.3568	0.3048	0.4133	1.5	0.2498	1.67	0.6383
Risk Adjusted Performance	0.0317	0.0594	0.1947	0.1712	0.1192	0.1177	0.1497	0.1356
Skewness	(0.04)	1.52	2.07	0.6556	0.9375	0.6132	2.96	4.92
Semi Deviation	1.86	2.6	0.8537	1.57	1.75	1.71	0.7656	1.43
Information Ratio	(0.03)	0.0362	0.1981	0.1745	0.1089	0.1007	0.1382	0.148
Value At Risk	(2.44)	(4.39)	(1.66)	(2.32)	(3.10)	(3.15)	(1.93)	(3.05)
Expected Short fall	(1.46)	(2.78)	(1.57)	(2.17)	(2.62)	(1.96)	(1.64)	(3.22)
Downside Deviation	1.91	2.81	1.35	1.91	1.95	2.07	1.12	1.91
Semi Variance	3.46	6.74	0.7288	2.45	3.05	2.93	0.5861	2.05

HyreCar Competition Performance Charts

Five steps to successful analysis of HyreCar Competition

HyreCar'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 HyreCar in relation to its competition. HyreCar's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of HyreCar 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 HyreCar's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to HyreCar, 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 HyreCar position

In addition to having HyreCar 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?

Run Industrials ETFs Thematic Idea Now

Industrials ETFs

ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Industrials ETFs theme has 45 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 Industrials ETFs Theme or any other thematic opportunities.

View All Next

Launch

Additional Tools for HyreCar Pink Sheet Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC