New Competitors

OD8 Stock  EUR 2.89  0.03  1.03%   
New HopeLimited competes with HOCHSCHILD MINING, National Retail, Caseys General, Burlington Stores, and CI GAMES; as well as few others. The company classifies itself under Basic Materials sector and is part of Coal industry. Analyzing New HopeLimited 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 HopeLimited to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out New HopeLimited 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 HopeLimited competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
0.282.895.50
Details
Intrinsic
Valuation
LowRealHigh
0.122.384.99
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New HopeLimited Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between New HopeLimited 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 HopeLimited does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
GIFNCS2
CS2H3M
BUICS2
GIFNBUI
GIFNH3M
FR7H3M
  
High negative correlations   
GIFNCZ2
AVK1H3M
CI7BUI
GIFNCI7
FR7AVK1
CS2CZ2

Risk-Adjusted Indicators

There is a big difference between New Stock performing well and New HopeLimited 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 HopeLimited'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.

New HopeLimited Competitive Analysis

The better you understand New HopeLimited competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, New HopeLimited'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 HopeLimited'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
OD8 H3M CZ2 CS2 AVK1 BUI CI7 GIFN FR7
 1.03 
 2.89 
New
 4.63 
 2.71 
HOCHSCHILD
 0.80 
 40.94 
National
 0.51 
 394.00 
Caseys
 0.00 
 0.06 
AEON
 1.47 
 276.00 
Burlington
 3.03 
 0.32 
CI7
 0.75 
 1.33 
GigaMedia
 1.91 
 330.80 
Fast
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New HopeLimited Competition Performance Charts

Five steps to successful analysis of New HopeLimited Competition

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

In addition to having New HopeLimited 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 Food Products Thematic Idea Now

Food Products
Food Products Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products 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 Food Products Theme or any other thematic opportunities.
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Other Information on Investing in New Stock

New HopeLimited financial ratios help investors to determine whether New Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in New with respect to the benefits of owning New HopeLimited security.