Scorpio Competitors
| STNG Stock | USD 72.40 0.90 1.26% |
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Scorpio |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scorpio Tankers' 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.
Scorpio Tankers Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Scorpio Tankers 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 Scorpio 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 Scorpio Tankers 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 Scorpio Stock performing well and Scorpio Tankers 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 Scorpio Tankers' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TNK | 1.49 | (0.04) | 0.00 | (0.36) | 0.00 | 2.94 | 8.40 | |||
| EURN | 0.91 | (0.07) | 0.00 | (0.15) | 0.00 | 1.73 | 11.42 | |||
| TNP | 1.34 | 0.09 | 0.04 | 0.20 | 1.58 | 3.11 | 8.09 | |||
| NVGS | 0.89 | (0.12) | 0.00 | (0.20) | 0.00 | 1.39 | 4.47 | |||
| DHT | 1.28 | 0.08 | 0.04 | 0.21 | 1.22 | 3.34 | 7.20 | |||
| FRO | 1.77 | 0.13 | 0.05 | 0.36 | 1.79 | 3.97 | 10.75 | |||
| INSW | 1.16 | 0.08 | 0.03 | 0.24 | 1.60 | 2.10 | 6.21 | |||
| TRMD | 1.41 | (0.03) | (0.03) | (0.02) | 1.76 | 2.29 | 6.43 |
Cross Equities Net Income Analysis
Compare Scorpio Tankers and related stocks such as Teekay Tankers, Euronav NV, and Tsakos Energy Navigation Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TNK | 43.9 M | (113.1 M) | (370.2 M) | (8.1 M) | 57.1 M | 179.6 M | 62.9 M | (58 M) | (52.5 M) | 21.3 M | 87.3 M | (242.4 M) | 229.1 M | 513.7 M | 539.4 M |
| EURN | 26.2 M | (96 M) | (118.9 M) | (89.7 M) | (45.8 M) | 350.3 M | 204 M | 1.4 M | (110.1 M) | 112.2 M | 473.2 M | (338.8 M) | 203.3 M | 858 M | 900.9 M |
| TNP | (2.5 M) | (89.5 M) | (49.3 M) | (37.5 M) | 33.5 M | 158.2 M | 55.8 M | 7.6 M | (99.2 M) | (53 M) | (25.6 M) | (189.8 M) | 204.2 M | 300.2 M | 315.2 M |
| NVGS | 26.7 M | 18.7 M | 30.5 M | 41 M | 84.5 M | 98.1 M | 44.6 M | 5.3 M | (5.7 M) | (15.5 M) | 662 K | (46.8 M) | 29.1 M | 82.3 M | 86.4 M |
| DHT | 6.1 M | (40.3 M) | (94.1 M) | (4.1 M) | 12.9 M | 105.3 M | 9.3 M | 6.6 M | (46.9 M) | 73.7 M | 266.3 M | (11.5 M) | 61.5 M | 161.4 M | 169.4 M |
| FRO | 4.2 M | (529.6 M) | (82.8 M) | (188.5 M) | (162.9 M) | 154.6 M | 117 M | (264.9 M) | (8.4 M) | 140 M | 412.9 M | (11.1 M) | 475.5 M | 656.4 M | 689.2 M |
| INSW | (723.8 M) | (723.8 M) | (723.8 M) | (723.8 M) | (119.1 M) | 173.2 M | (18.2 M) | (106.1 M) | (88.9 M) | (830 K) | (5.5 M) | (134.7 M) | 387.9 M | 556.4 M | 584.3 M |
| TRMD | 30.7 M | (453 M) | (580.6 M) | (162.2 M) | (284.2 M) | 126 M | (142.5 M) | 2.4 M | (34.8 M) | 166 M | 88.1 M | (42.1 M) | 562.8 M | 648.3 M | 680.7 M |
Scorpio Tankers and related stocks such as Teekay Tankers, Euronav NV, and Tsakos Energy Navigation Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Scorpio Tankers financial statement analysis. It represents the amount of money remaining after all of Scorpio Tankers operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Scorpio Tankers Competitive Analysis
The better you understand Scorpio Tankers competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Scorpio Tankers' 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 Scorpio Tankers' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Scorpio Tankers Competition Performance Charts
Five steps to successful analysis of Scorpio Tankers Competition
Scorpio Tankers' 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 Scorpio Tankers in relation to its competition. Scorpio Tankers' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Scorpio Tankers 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 Scorpio Tankers' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Scorpio Tankers, 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 Scorpio Tankers Correlation with its peers. For more detail on how to invest in Scorpio Stock please use our How to Invest in Scorpio Tankers guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Scorpio Stock analysis
When running Scorpio Tankers' price analysis, check to measure Scorpio Tankers' 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 Scorpio Tankers is operating at the current time. Most of Scorpio Tankers' value examination focuses on studying past and present price action to predict the probability of Scorpio Tankers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scorpio Tankers' price. Additionally, you may evaluate how the addition of Scorpio Tankers to your portfolios can decrease your overall portfolio volatility.
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Is Scorpio Tankers' industry 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 Scorpio Tankers. If investors know Scorpio 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 Scorpio Tankers 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 (0.47) | Dividend Share 1.05 | Earnings Share 10.03 | Revenue Per Share 25.611 | Quarterly Revenue Growth (0.32) |
The market value of Scorpio Tankers is measured differently than its book value, which is the value of Scorpio that is recorded on the company's balance sheet. Investors also form their own opinion of Scorpio Tankers' value that differs from its market value or its book value, called intrinsic value, which is Scorpio Tankers' 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 Scorpio Tankers' market value can be influenced by many factors that don't directly affect Scorpio Tankers' 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 Scorpio Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Scorpio Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scorpio Tankers' 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.