Trackerof Competitors
Trackerof America competes with Next Hydrogen, Weir Group, and Nel ASA; as well as few others. The company conducts business under Software sector and is part of Information Technology industry. Analyzing Trackerof America 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 Trackerof America to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trackerof America 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 Trackerof America competition on your existing holdings.
Trackerof |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trackerof America'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.
Trackerof America Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Trackerof America and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Trackerof 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 Trackerof America does not affect the price movement of the other competitor.
| -0.28 | -0.06 | -0.55 | 0.26 | 0.25 | GERS | ||
| -0.28 | -0.21 | 0.19 | -0.04 | -0.23 | NXHSF | ||
| -0.06 | -0.21 | -0.17 | -0.23 | 0.17 | QIND | ||
| -0.55 | 0.19 | -0.17 | -0.07 | -0.57 | WEGRY | ||
| 0.26 | -0.04 | -0.23 | -0.07 | -0.17 | NLLSY | ||
| 0.25 | -0.23 | 0.17 | -0.57 | -0.17 | ROSN | ||
| 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 Trackerof Pink Sheet performing well and Trackerof America 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 Trackerof America'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GERS | 10.05 | 1.25 | 0.06 | 2.93 | 11.65 | 34.42 | 113.44 | |||
| NXHSF | 4.68 | 0.35 | 0.01 | (0.14) | 8.39 | 5.36 | 112.35 | |||
| QIND | 8.17 | 0.81 | 0.05 | 1.08 | 9.45 | 20.00 | 80.70 | |||
| WEGRY | 1.10 | 0.07 | 0.03 | 0.16 | 1.18 | 3.34 | 9.11 | |||
| NLLSY | 2.25 | (0.02) | 0.00 | 0.06 | 0.00 | 4.87 | 53.32 | |||
| ROSN | 12.23 | 1.72 | 0.12 | 0.46 | 12.17 | 34.95 | 169.92 |
Trackerof America Competitive Analysis
The better you understand Trackerof America competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Trackerof America'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 Trackerof America'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 |
Trackerof America Competition Performance Charts
Five steps to successful analysis of Trackerof America Competition
Trackerof America'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 Trackerof America in relation to its competition. Trackerof America's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Trackerof America 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 Trackerof America's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Trackerof America, 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.
Complement your Trackerof America position
In addition to having Trackerof America 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 Technology Thematic Idea Now
Technology
Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 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 Technology Theme or any other thematic opportunities.
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Check out Trackerof America Correlation with its peers.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Trackerof Pink Sheet analysis
When running Trackerof America's price analysis, check to measure Trackerof America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Trackerof America is operating at the current time. Most of Trackerof America's value examination focuses on studying past and present price action to predict the probability of Trackerof America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trackerof America's price. Additionally, you may evaluate how the addition of Trackerof America to your portfolios can decrease your overall portfolio volatility.
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