TomTom Competitors
TomTom NV ADR competes with ANSYS, Manhattan Associates, Roper Technologies, Tyler Technologies, and Aspen Technology; as well as few others. The company classifies itself under Technology sector and is part of Software—Application industry. Analyzing TomTom NV 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 TomTom NV to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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 TomTom NV competition on your existing holdings.
TomTom |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TomTom NV'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.
TomTom NV Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between TomTom NV 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 TomTom 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 TomTom NV ADR does not affect the price movement of the other competitor.
| 0.4 | 0.57 | 0.05 | 0.42 | ANSS | ||
| 0.4 | 0.39 | -0.01 | -0.1 | MANH | ||
| 0.57 | 0.39 | 0.31 | 0.03 | ROP | ||
| 0.05 | -0.01 | 0.31 | -0.49 | TYL | ||
| 0.42 | -0.1 | 0.03 | -0.49 | AZPN | ||
| 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 TomTom Pink Sheet performing well and TomTom NV 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 TomTom NV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANSS | 0.95 | (0.11) | 0.00 | (0.03) | 0.00 | 2.15 | 7.00 | |||
| MANH | 1.26 | (0.13) | 0.00 | (0.11) | 0.00 | 2.78 | 18.93 | |||
| ROP | 0.79 | (0.15) | 0.00 | (0.06) | 0.00 | 1.17 | 5.51 | |||
| TYL | 1.03 | 0.01 | 0.00 | 0.09 | 1.46 | 1.95 | 6.74 | |||
| AZPN | 1.43 | (0.16) | 0.00 | (0.03) | 0.00 | 3.01 | 12.53 |
TomTom NV Competitive Analysis
The better you understand TomTom NV competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, TomTom NV'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 TomTom NV'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 |
TomTom NV Competition Performance Charts
Five steps to successful analysis of TomTom NV Competition
TomTom NV'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 TomTom NV ADR in relation to its competition. TomTom NV's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of TomTom NV 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 TomTom NV's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to TomTom NV ADR, 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 TomTom NV position
In addition to having TomTom NV 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?
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Macroaxis Index
An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system. The Macroaxis Index theme has 52 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 Macroaxis Index Theme or any other thematic opportunities.
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Check out TomTom NV Correlation with its peers.Note that the TomTom NV ADR information on this page should be used as a complementary analysis to other TomTom NV's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for TomTom Pink Sheet analysis
When running TomTom NV's price analysis, check to measure TomTom NV'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 TomTom NV is operating at the current time. Most of TomTom NV's value examination focuses on studying past and present price action to predict the probability of TomTom NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TomTom NV's price. Additionally, you may evaluate how the addition of TomTom NV to your portfolios can decrease your overall portfolio volatility.
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