Veeco Competitors
| VECO Stock | USD 27.63 0.50 1.84% |
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 Veeco Instruments competition on your existing holdings.
Veeco |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Veeco Instruments' 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.
Veeco Instruments Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Veeco Instruments 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 Veeco 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 Veeco Instruments does not affect the price movement of the other competitor.
| 0.29 | 0.73 | 0.39 | 0.23 | NVEC | ||
| 0.29 | 0.37 | 0.66 | -0.09 | NANX | ||
| 0.73 | 0.37 | 0.74 | 0.32 | PLAB | ||
| 0.39 | 0.66 | 0.74 | 0.38 | KLIC | ||
| 0.23 | -0.09 | 0.32 | 0.38 | ALTI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Veeco Stock performing well and Veeco Instruments 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 Veeco Instruments' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVEC | 1.58 | (0.36) | 0.00 | (0.04) | 0.00 | 2.82 | 13.86 | |||
| NANX | 5.91 | 0.69 | 0.06 | (1.74) | 7.18 | 13.28 | 75.92 | |||
| PLAB | 1.71 | (0.12) | 0.00 | 0.06 | 2.28 | 3.86 | 11.66 | |||
| KLIC | 1.89 | (0.01) | 0.04 | 0.12 | 2.31 | 4.74 | 11.34 | |||
| ALTI | 2.78 | (0.24) | (0.02) | 0.02 | 3.63 | 5.71 | 21.65 |
Cross Equities Net Income Analysis
Compare Veeco Instruments and related stocks such as NVE Corporation, Nanophase Technol, and Photronics Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NVEC | 827.6 K | 11.4 M | 11.8 M | 11.1 M | 14.4 M | 12.3 M | 12.9 M | 13.9 M | 14.5 M | 14.5 M | 11.7 M | 14.5 M | 22.7 M | 17.1 M | 8.8 M |
| PLAB | 1.1 M | 27.9 M | 18 M | 26 M | 44.6 M | 46.2 M | 13.1 M | 42.1 M | 40.5 M | 33.8 M | 78.8 M | 179.2 M | 125.5 M | 144.3 M | 151.5 M |
| KLIC | (500 K) | 160.6 M | 59.4 M | 63 M | 50.6 M | 47.1 M | 112 M | 56.7 M | 11.7 M | 52.3 M | 367.2 M | 433.5 M | 57.1 M | (69 M) | (65.6 M) |
| ALTI | (3.7 M) | (3.7 M) | (3.7 M) | (3.7 M) | (3.7 M) | (3.7 M) | (3.7 M) | (3.7 M) | (3.7 M) | (3.7 M) | (3.4 M) | 1.5 M | (5.1 M) | (162.6 M) | (154.5 M) |
Veeco Instruments and related stocks such as NVE Corporation, Nanophase Technol, and Photronics Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Veeco Instruments financial statement analysis. It represents the amount of money remaining after all of Veeco Instruments operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Veeco Instruments Competitive Analysis
The better you understand Veeco Instruments competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Veeco Instruments' 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 Veeco Instruments' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Veeco Instruments Competition Performance Charts
Five steps to successful analysis of Veeco Instruments Competition
Veeco Instruments' 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 Veeco Instruments in relation to its competition. Veeco Instruments' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Veeco Instruments 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 Veeco Instruments' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Veeco Instruments, 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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Check out Veeco Instruments Correlation with its peers. To learn how to invest in Veeco Stock, please use our How to Invest in Veeco Instruments guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Semiconductors & Semiconductor Equipment 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 Veeco Instruments. If investors know Veeco 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 Veeco Instruments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Earnings Share 1.39 | Revenue Per Share 12.611 | Quarterly Revenue Growth 0.042 | Return On Assets 0.0457 |
The market value of Veeco Instruments is measured differently than its book value, which is the value of Veeco that is recorded on the company's balance sheet. Investors also form their own opinion of Veeco Instruments' value that differs from its market value or its book value, called intrinsic value, which is Veeco Instruments' 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 Veeco Instruments' market value can be influenced by many factors that don't directly affect Veeco Instruments' 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 Veeco Instruments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Veeco Instruments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veeco Instruments' 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.