Just Competitors

Summary

Just Energy Group competes with SmartStop Self, Stepan, Sealed Air, NetSol Technologies, and Cadence Design; as well as few others. The company is active under Utilities sector as part of Utilities—Diversified industry. Analyzing Just Energy 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 Just Energy 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 Just Energy 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 Just Energy'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

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Intrinsic

Valuation

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Just Energy Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Just Energy and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Just 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 Just Energy Group does not affect the price movement of the other competitor.

	STSFF	SCL	SEE	NTWK	CDNS	APD	CF	CC
STSFF		-0.31	0.07	-0.49	0.53	0.0	-0.11	-0.14	STSFF
SCL	-0.31		0.54	0.16	-0.06	0.31	0.21	0.65	SCL
SEE	0.07	0.54		0.12	-0.04	0.4	0.13	0.52	SEE
NTWK	-0.49	0.16	0.12		-0.68	0.09	-0.56	-0.24	NTWK
CDNS	0.53	-0.06	-0.04	-0.68		0.08	0.49	0.31	CDNS
APD	0.0	0.31	0.4	0.09	0.08		0.26	0.48	APD
CF	-0.11	0.21	0.13	-0.56	0.49	0.26		0.63	CF
CC	-0.14	0.65	0.52	-0.24	0.31	0.48	0.63		CC
	STSFF	SCL	SEE	NTWK	CDNS	APD	CF	CC

Click cells to compare fundamentals

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Backtest Portfolio

High positive correlations

CC	+ 0.65	SCL
CC	+ 0.63	CF
SEE	+ 0.54	SCL
CDNS	+ 0.53	STSFF
CC	+ 0.52	SEE
CF	+ 0.49	CDNS

High negative correlations

CDNS	- 0.68	NTWK
CF	- 0.56	NTWK
NTWK	- 0.49	STSFF
SCL	- 0.31	STSFF
CC	- 0.24	NTWK
CC	- 0.14	STSFF

Risk-Adjusted Indicators

There is a big difference between Just Stock performing well and Just Energy 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 Just Energy'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
STSFF	0.19	(0.01)	0.00	(0.67)	0.00	0.00	0.56	0.00	5.56
SCL	1.25	(0.22)	0.00	(1.47)	0.00	0.00	2.04	(2.72)	13.51
SEE	1.23	(0.03)	0.00	0.61	0.00	0.00	2.06	(2.50)	8.29
NTWK	1.57	(0.09)	0.00	11.58	0.00	0.00	2.86	(3.88)	13.18
CDNS	1.71	0.20	0.07	9.15	2.18	(1.76)	2.92	(4.40)	18.93
APD	0.92	(0.01)	(0.02)	(0.03)	1.06	(0.99)	1.27	(1.53)	12.61
CF	1.20	0.00	0.00	0.03	1.68	(1.12)	2.23	(2.67)	6.82
CC	2.11	(0.16)	0.00	(0.06)	0.00	0.00	4.23	(3.97)	23.73

Unable to evaluate fundamental data of [STSFF, SCL, SEE, NTWK, CDNS, APD, CF, CC] at this time. Please try again later

All Fundamental Data

Just Energy Competitive Analysis

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

	STSFF	SCL	SEE	NTWK	CDNS	APD	CF	CC
	1.69 9.00 SmartStop	2.71 65.26 Stepan	0.09 34.26 Sealed	0.77 2.62 NetSol	1.19 305.03 Cadence	0.77 292.81 Air	0.36 85.09 CF Industries	1.20 17.33 Chemours
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Moderately volatile	Very steady	Very steady	Very steady	Not too volatile
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Modest	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Above Average	Low	Very Low	Very Low	Very Small	Very Low	Low	Below Average
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Under Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Buy	Buy	Not Available	Strong Buy	Buy	Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Cautious Hold	Strong Sell	Buy	Strong Hold	Hold	Strong Hold	Strong Hold
Current Ratio	1.83 X	1.78 X	1.34 X	2.37 X	1.33 X	1.81 X	3.41 X	1.82 X
Net Asset	1.62 B	2.36 B	7.2 B	64.19 M	5.67 B	39.57 B	14.38 B	8.25 B
Profit Margin	0.05 %	0.02 %	0.07 %	0.01 %	0.24 %	0.32 %	0.19 %	0.01 %
EBITDA	69.96 M	169.68 M	946.3 M	6.09 M	1.42 B	6.49 B	3.27 B	197 M
Current Valuation	2.52 B	2.07 B	9.21 B	13.15 M	83.7 B	77.64 B	16.12 B	6.28 B
Price To Book	2.36 X	1.20 X	6.43 X	0.86 X	18.33 X	3.85 X	2.84 X	3.94 X
Operating Margin	0.24 %	0.04 %	0.15 %	0.05 %	0.31 %	0.26 %	0.27 %	0.1 %
Retained Earnings	N/A	1.26 B	496.5 M	(44.21 M)	4.94 B	19.55 B	4.54 B	1.78 B
Current Asset	N/A	619.57 M	2.22 B	40.45 M	964.24 M	4.32 B	1.13 B	2.3 B
Five Year Return	N/A	1.07 %	1.51 %	N/A	N/A	2.22 %	2.67 %	3.59 %
Beta	-0.11	0.81	1.35	1.07	1.02	0.83	0.96	1.75
Number Of Employees	420	2.39 K	17 K	1.57 K	12.7 K	23 K	2.7 K	6.2 K
Shares Outstanding	88.86 M	22.49 M	145.69 M	11.47 M	274.26 M	222.38 M	174.02 M	149.41 M
Cash Flow From Operations	58.76 M	174.88 M	516.2 M	2.91 M	1.35 B	3.65 B	2.76 B	556 M
Annual Yield	N/A	0.02 %	0.02 %	N/A	N/A	0.02 %	0.02 %	0.06 %
Total Debt	873.87 M	712.17 M	4.79 B	7.67 M	806.03 M	14.8 B	3.23 B	4.3 B
Return On Equity	0.0179	0.0378	0.67	0.0545	0.27	0.23	0.18	0.11
Z Score	0.6	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return On Asset	0.0171	0.0188	0.0691	0.0356	0.11	0.0497	0.0784	0.0397
Number Of Shares Shorted	N/A	349.07 K	4.85 M	10.98 K	4.49 M	3.38 M	4.69 M	7.28 M
Book Value Per Share	4.98 X	54.21 X	5.29 X	3.05 X	16.64 X	76.53 X	29.80 X	4.40 X
Current Liabilities	N/A	243.24 M	1.81 B	15.23 M	536.31 M	3.28 B	1.22 B	1.47 B
Total Asset	1.62 B	2.36 B	7.2 B	64.19 M	5.67 B	39.57 B	14.38 B	8.25 B
Debt To Equity	1.32 %	0.50 %	N/A	0.20 %	0.29 %	0.61 %	0.42 %	2.94 %
Short Ratio	N/A	2.69 X	3.43 X	0.64 X	1.99 X	2.06 X	2.45 X	4.11 X
Last Dividend Paid	1.05	1.5	0.8	N/A	N/A	7.06	1.9	1.0
Target Price	N/A	97.0	41.83	8.0	319.72	349.04	88.99	24.22
Shares Owned By Institutions	0.02 %	84.84 %	96.92 %	22.61 %	91.02 %	91.45 %	96.50 %	82.86 %
Market Capitalization	1.35 B	1.47 B	5 B	29.95 M	83.66 B	65.11 B	14.75 B	2.59 B
Price To Earning	N/A	18.38 X	16.24 X	13.63 X	58.71 X	30.75 X	72.32 X	25.49 X
Price To Earnings To Growth	N/A	4.34 X	0.96 X	0.35 X	3.23 X	10.77 X	0.69 X	1.67 X
Price To Sales	6.78 X	0.67 X	0.93 X	0.49 X	19.21 X	5.38 X	2.46 X	0.45 X
Net Income	(16.9 M)	40.2 M	341.6 M	2.08 M	1.04 B	3.86 B	1.52 B	(238 M)
Earnings Per Share	(0.19) X	2.00 X	2.71 X	0.06 X	3.81 X	17.23 X	6.31 X	0.50 X
Shares Owned By Insiders	1.22 %	3.75 %	1.15 %	21.56 %	N/A	0.39 %	0.62 %	0.72 %
Revenue	168.76 M	2.33 B	5.49 B	61.39 M	4.09 B	12.1 B	6.63 B	6.03 B
Working Capital	N/A	244.01 M	454.3 M	23.59 M	385.35 M	2.18 B	2.25 B	1.35 B
Cash And Equivalents	45.89 M	173.75 M	456.1 M	23.96 M	1.03 B	1.62 B	2.32 B	1.1 B
Cash Per Share	0.47 X	7.28 X	1.94 X	2.13 X	3.74 X	15.05 X	11.89 X	7.73 X
Gross Profit	117.67 M	427.07 M	1.77 B	16.92 M	3.19 B	3.77 B	5.86 B	1.62 B
Day Typical Price	9.0	65.79	34.29	2.62	304.13	293.35	85.19	17.44
Accumulation Distribution	N/A	6455.62	17903.23	0.0226	17315.83	6812.55	0.01	0.0204
Market Facilitation Index	N/A	0.0	0.0	0.06	0.0	0.0	0.86	0.36
Daily Balance Of Power	9.2 T	(0.65)	(0.04)	0.3333	(0.67)	(0.51)	(0.36)	(0.58)
Period Momentum Indicator	0.15	(1.82)	(0.03)	0.02	(3.66)	(2.27)	(0.31)	(0.21)
Rate Of Daily Change	1.02	0.97	1.0	1.01	0.99	0.99	1.0	0.99
Day Median Price	9.0	66.06	34.3	2.62	303.67	293.63	85.24	17.49
Price Action Indicator	0.075	(1.71)	(0.06)	0.01	(0.48)	(1.95)	(0.30)	(0.27)
Coefficient Of Variation	23409.34	(893.38)	(8,410)	(2,722)	1228.77	27806.18	6398.2	(3,108)
Mean Deviation	0.1922	1.25	1.23	1.57	1.71	0.9217	1.2	2.11
Jensen Alpha	(0.01)	(0.22)	(0.03)	(0.09)	0.1953	(0.01)	0.0037	(0.16)
Total Risk Alpha	(0.03)	(0.27)	(0.07)	(0.15)	0.1254	(0.05)	(0.03)	(0.21)
Sortino Ratio	N/A	N/A	N/A	N/A	0.0729	(0.02)	(0)	N/A
Downside Variance	N/A	N/A	N/A	N/A	5.67	1.17	3.05	N/A
Standard Deviation	0.8517	1.83	1.56	2.22	2.53	1.56	1.52	3.38
Kurtosis	32.71	9.2	0.5128	2.75	8.19	21.27	0.0579	8.06
Potential Upside	0.565	2.04	2.06	2.86	2.92	1.27	2.23	4.23
Treynor Ratio	(0.67)	(1.47)	0.6058	11.58	9.15	(0.03)	0.0303	(0.06)
Maximum Drawdown	5.56	13.51	8.29	13.18	18.93	12.61	6.82	23.73
Variance	0.7254	3.35	2.44	4.91	6.39	2.43	2.31	11.45
Market Risk Adjusted Performance	(0.66)	(1.46)	0.6158	11.59	9.16	(0.02)	0.0403	(0.05)
Risk Adjusted Performance	0.004	(0.08)	(0)	(0.02)	0.0717	0.0077	0.0172	(0.02)
Skewness	(3.16)	1.73	(0.03)	(0.93)	1.26	3.59	(0.37)	2.07
Semi Deviation	N/A	N/A	N/A	N/A	2.18	1.06	1.68	N/A
Information Ratio	(0.03)	(0.13)	(0.03)	(0.05)	0.0687	(0.02)	(0.01)	(0.04)
Value At Risk	N/A	(2.72)	(2.50)	(3.88)	(4.40)	(1.53)	(2.67)	(3.97)
Expected Short fall	N/A	N/A	N/A	N/A	(1.76)	(0.99)	(1.12)	N/A
Downside Deviation	N/A	N/A	N/A	N/A	2.38	1.08	1.75	N/A
Semi Variance	N/A	N/A	N/A	N/A	4.75	1.13	2.82	N/A

Just Energy Competition Performance Charts

Five steps to successful analysis of Just Energy Competition

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

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

In addition to having Just Energy 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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Automobiles and Trucks

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Automobiles and Trucks theme has 61 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 Automobiles and Trucks Theme or any other thematic opportunities.

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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 also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Other Consideration for investing in Just Stock

If you are still planning to invest in Just Energy Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Just Energy's history and understand the potential risks before investing.

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