New Competitors

Stocks . USA . 
Stock . New Era Helium
NEHC Stock   3.15  0.75  31.25%   
New Era Helium competes with Timken, Weyco, Skechers USA, European Wax, and Playtika Holding; as well as few others. Analyzing New Era 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 New Era to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out New Era 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 New Era competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
0.193.8611.82
Details
Intrinsic
Valuation
LowRealHigh
0.153.0210.98
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
2.003.314.62
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as New Era. Your research has to be compared to or analyzed against New Era's peers to derive any actionable benefits. When done correctly, New Era'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 New Era Helium.

New Era Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between New Era 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 New 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 New Era Helium does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
LECO
+ 0.81
XPOF
LECO
+ 0.78
PLTK
XPOF
+ 0.77
PLTK
LECO
+ 0.67
WEYS
XPOF
+ 0.58
WEYS
PLTK
+ 0.52
WEYS
  
High negative correlations   
XPOF
- 0.82
TKR
WEYS
- 0.71
TKR
PLTK
- 0.7
TKR
LECO
- 0.67
TKR
XPOF
- 0.34
EWCZ
SKX
- 0.3
WEYS

Risk-Adjusted Indicators

There is a big difference between New Stock performing well and New Era 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 New Era'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.
All Fundamental Data

New Era Competitive Analysis

The better you understand New Era competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, New Era'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 New Era'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
NEHC TKR WEYS SKX HRDIL EWCZ PLTK XPOF LECO
 31.25 
 3.15 
New
 4.47 
 71.41 
Timken
 2.25 
 36.36 
Weyco
 3.12 
 66.16 
Skechers
 0.00 
 0.0002 
Here
 10.34 
 5.20 
European
 6.16 
 7.01 
Playtika
 0.14 
 14.27 
Xponential
 3.53 
 192.12 
Lincoln
Market Volatility
(90 Days Market Risk)
Dangerous
Very steady
Not too volatile
Very steady
Very steady
Slightly risky
Not too volatile
Somewhat reliable
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Insignificant
Modest
Very Weak
Very Weak
Very Weak
Insignificant
Modest
Odds of Financial Distress
(Probability Of Bankruptcy)
About Average
Very Low
Low
Very Low
Quite High
Very Low
Low
About Average
Very Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Over Valued
Over Valued
Over Valued
Under Valued
Under Valued
Under Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Buy
Strong Sell
Strong Buy
Not Available
Buy
Buy
Strong Buy
Buy
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Hold
Cautious Hold
Cautious Hold
Strong Hold
Current Ratio
N/A
2.03
6.28
2.27
0.36
2.57
2.41
0.89
1.62
Net Asset
N/A
6.54 B
309.34 M
7.55 B
N/A
735.73 M
3.17 B
528.7 M
3.38 B
Profit Margin
N/A
0.0741
0.0994
0.072
-0.55
0.0561
0.0852
-0.0915
0.12
EBITDA
N/A
657.1 M
44.17 M
968.31 M
(9.53 M)
65.44 M
703.6 M
67.98 M
824.67 M
Operating Margin
N/A
0.12
0.13
0.0994
-0.41
0.24
0.2
0.0216
0.17
Current Valuation
N/A
7.17 B
285.01 M
10.6 B
4.11 M
592.39 M
4.08 B
866.94 M
12.1 B
Price To Book
N/A
1.79
1.35
2.29
N/A
3.76
N/A
430.2
8.39
Retained Earnings
N/A
2.23 B
180.65 M
3.8 B
N/A
(109.51 M)
(907.6 M)
(630.13 M)
3.69 B
Current Asset
N/A
1.21 B
179.48 M
1.55 B
N/A
N/A
N/A
N/A
936 M
Five Year Return
N/A
2.15
3.91
N/A
N/A
N/A
N/A
N/A
1.82
Beta
N/A
1.43
0.69
1.23
97.5
1.23
0.84
1.19
1.15
Number Of Employees
N/A
19 K
397
9.2 K
156
120
3.6 K
310
12 K
Shares Outstanding
N/A
70.12 M
9.56 M
131.59 M
20.7 M
44.76 M
372.71 M
32.29 M
56.43 M
Cash Flow From Operations
N/A
545.2 M
98.63 M
1.23 B
(6.06 M)
55.6 M
515.6 M
35.42 M
667.54 M
Annual Yield
N/A
0.0182
0.0285
N/A
N/A
N/A
0.0535
N/A
0.0157
Total Debt
N/A
2.5 B
13.51 M
1.68 B
4.31 M
380.39 M
2.52 B
406.62 M
1.16 B
Return On Equity
N/A
0.13
0.12
0.16
N/A
0.14
N/A
-0.29
0.38
Return On Asset
N/A
0.0559
0.0755
0.0684
-0.35
0.0428
0.0986
0.0441
0.12
Number Of Shares Shorted
N/A
1.19 M
40.25 K
6.24 M
N/A
1.97 M
3.76 M
3.28 M
897.25 K
Book Value Per Share
N/A
41.83
27.27
28.87
-0.56
1.72
-0.26
-4.84
23.73
Current Liabilities
N/A
505.3 M
61.19 M
577.01 M
N/A
N/A
N/A
N/A
370.12 M
Total Asset
N/A
6.54 B
309.34 M
7.55 B
N/A
735.73 M
3.17 B
528.7 M
3.38 B
Debt To Equity
N/A
0.86
0.08
0.43
N/A
2.84
N/A
1.56
0.97
Short Ratio
N/A
1.81
2.24
3.48
N/A
6.74
6.72
4.91
2.97
Target Price
N/A
89.64
26.0
81.92
N/A
8.56
9.8
19.11
222.67
Last Dividend Paid
N/A
1.34
1.03
N/A
N/A
N/A
0.3
N/A
2.84
Shares Owned By Institutions
N/A
86.5
25.19
95.0
N/A
97.69
15.96
99.83
80.21
Market Capitalization
N/A
5.24 B
339.93 M
9.97 B
15.9 K
330.27 M
2.78 B
748.7 M
10.81 B
Price To Earning
N/A
14.32
8.38
42.36
N/A
N/A
12.93
58.03
39.83
Price To Earnings To Growth
N/A
0.93
N/A
1.19
N/A
0.32
17.8
1.93
1.87
Price To Sales
N/A
1.14
1.17
1.14
6.0E-4
1.48
1.1
2.29
2.67
Net Income
N/A
394.1 M
30.19 M
545.8 M
(15.34 M)
8.93 M
235 M
(1.71 M)
545.25 M
Earnings Per Share
N/A
4.82
3.02
4.06
-0.76
0.23
0.58
-1.15
8.38
Shares Owned By Insiders
N/A
10.56
37.17
0.81
N/A
0.73
85.65
6.16
1.67
Revenue
N/A
4.77 B
318.05 M
8 B
27.29 M
221.02 M
2.57 B
318.66 M
4.19 B
Working Capital
N/A
1.16 B
160.49 M
2.29 B
N/A
57.67 M
811.5 M
4.94 M
938.5 M
Cash And Equivalents
N/A
331.6 M
8.43 M
615.73 M
227 K
31.19 M
1.25 B
27.05 M
152.8 M
Cash Per Share
N/A
4.14
0.89
3.93
0.01
0.79
3.03
1.0
2.64
Gross Profit
N/A
1.28 B
144.39 M
3.52 B
5.47 M
148.12 M
1.88 B
162 M
1.28 B
Day Typical Price
2.89
72.88
36.09
67.26
2.0E-4
5.44
7.18
14.26
196.25
Accumulation Distribution
0.33
0.0582
0.022
0.0475
N/A
0.12
0.0666
0.0014
0.0605
Market Facilitation Index
1.09
4.41
0.8
3.3
N/A
0.73
0.5
0.02
12.38
Daily Balance Of Power
0.6881
(0.76)
1.0
(0.65)
0.0
(0.82)
(0.92)
1.0
(0.57)
Period Momentum Indicator
0.75
(3.34)
0.8
(2.13)
N/A
(0.60)
(0.46)
0.02
(7.03)
Rate Of Daily Change
1.31
0.96
1.02
0.97
1.0
0.9
0.94
1.0
0.96
Day Median Price
2.76
73.61
35.96
67.81
2.0E-4
5.57
7.26
14.26
198.31
Price Action Indicator
0.77
(3.87)
0.8
(2.72)
N/A
(0.66)
(0.48)
0.02
(9.70)
Coefficient Of Variation
(493.16)
(3,032)
2417.73
6280.82
N/A
(2,055)
(18,474)
2412.07
1295.27
Mean Deviation
3.87
1.39
1.95
1.68
N/A
2.81
1.21
2.79
1.38
Jensen Alpha
(1.57)
(0.07)
0.0798
0.0274
N/A
(0.24)
(0.02)
0.158
0.1256
Total Risk Alpha
(1.77)
(0.15)
0.0452
(0.03)
N/A
(0.33)
(0.06)
0.0726
0.0854
Sortino Ratio
N/A
N/A
0.0428
0.0036
N/A
N/A
N/A
0.0487
0.085
Downside Variance
N/A
N/A
5.78
6.45
N/A
N/A
N/A
11.85
1.66
Standard Deviation
7.78
2.39
3.19
2.4
N/A
4.33
1.72
4.75
1.79
Kurtosis
10.58
14.96
18.27
3.45
N/A
11.15
4.0
20.78
2.6
Potential Upside
1.86
2.8
3.2
4.48
N/A
6.89
1.99
5.09
3.01
Treynor Ratio
1.77
0.0766
0.0552
0.6868
N/A
(0.27)
(0.21)
0.124
0.8444
Maximum Drawdown
36.89
16.5
25.17
9.87
N/A
31.55
11.03
35.52
9.06
Variance
60.52
5.71
10.19
5.76
N/A
18.77
2.97
22.54
3.22
Market Risk Adjusted Performance
1.78
0.0866
0.0652
0.6968
N/A
(0.26)
(0.20)
0.134
0.8544
Risk Adjusted Performance
(0.15)
(0.02)
0.0404
0.0193
N/A
(0.03)
0.0011
0.0413
0.0669
Skewness
(1.04)
(1.45)
3.0
(0.53)
N/A
(2.06)
(1.06)
3.42
1.34
Semi Deviation
N/A
N/A
2.34
2.49
N/A
N/A
N/A
3.21
1.14
Information Ratio
(0.21)
(0.05)
0.0322
0.0038
N/A
(0.06)
(0.02)
0.0353
0.061
Value At Risk
(14.97)
(2.13)
(3.22)
(3.41)
N/A
(4.72)
(2.65)
(5.63)
(1.87)
Expected Short fall
N/A
N/A
(2.14)
(1.67)
N/A
N/A
N/A
(2.98)
(1.70)
Downside Deviation
N/A
N/A
2.4
2.54
N/A
N/A
N/A
3.44
1.29
Semi Variance
N/A
N/A
5.47
6.2
N/A
N/A
N/A
10.29
1.31

New Era Competition Performance Charts

Five steps to successful analysis of New Era Competition

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

In addition to having New Era 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 Latest Losers Thematic Idea Now

Latest Losers
Latest Losers Theme
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Losers theme has 257 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 Latest Losers Theme or any other thematic opportunities.
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When determining whether New Era Helium is a strong investment it is important to analyze New Era's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Era's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:
How To Invest In New
Details
Is New Stock a good investment?
Details
What is New Era's Net Worth?
Details
Largest Trading Companies
View
Largest Shell Companies Companies
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Check out New Era Correlation with its peers.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Era. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Era listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of New Era Helium is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Era's value that differs from its market value or its book value, called intrinsic value, which is New Era's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Era's market value can be influenced by many factors that don't directly affect New Era's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Era's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Era is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Era's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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
 
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