West Competitors
| WFG Stock | CAD 132.42 5.10 3.71% |
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West Fraser Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between West Fraser 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 West 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 West Fraser Timber does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between West Stock performing well and West Fraser 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 West Fraser'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.Cross Equities Net Income Analysis
Compare West Fraser Timber and related stocks such as Interfor Corp, Canfor, and Stella Jones Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IFP | 71.3 M | (13.5 M) | (8.7 M) | 42.2 M | 40.7 M | (30.4 M) | 65.6 M | 97.2 M | 111.7 M | (103.8 M) | 280.3 M | 819 M | 598.2 M | (266.8 M) | (253.5 M) |
| CFP | 41.3 M | (56.6 M) | 32.1 M | 228.6 M | 175.2 M | 24.7 M | 150.9 M | 345.4 M | 354.9 M | (269.7 M) | 544.4 M | 1.3 B | 787.3 M | (326.1 M) | (309.8 M) |
| SJ | 3.6 M | 55.7 M | 73.1 M | 92.5 M | 103.8 M | 141.4 M | 153.9 M | 167.9 M | 137.6 M | 163.1 M | 210 M | 227 M | 241 M | 326 M | 342.3 M |
| WEF | (5.5 M) | 24 M | 29.1 M | 125.4 M | 68.4 M | 73.7 M | 94.2 M | 74.4 M | 69.2 M | (46.7 M) | 33.1 M | 201.4 M | 61.7 M | (68.5 M) | (65.1 M) |
West Fraser Timber and related stocks such as Interfor Corp, Canfor, and Stella Jones Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in West Fraser Timber financial statement analysis. It represents the amount of money remaining after all of West Fraser Timber operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.West Fraser Competitive Analysis
The better you understand West Fraser competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, West Fraser'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 West Fraser'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 |
West Fraser Competition Performance Charts
Five steps to successful analysis of West Fraser Competition
West Fraser'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 West Fraser Timber in relation to its competition. West Fraser's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of West Fraser 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 West Fraser's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to West Fraser Timber, 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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