Contango Competitors

Summary

Contango Oil Gas competes with MYR, Dream Finders, Joint Corp, Titan International, and Topbuild Corp; as well as few others. The company runs under Energy sector within Oil & Gas E&P industry. Analyzing Contango Oil 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 Contango Oil to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis 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 main economic indicators.

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 Contango Oil competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Contango Oil'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.

Hype

Prediction

Low	Estimated	High
0.00	0.00	0.00

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Intrinsic

Valuation

Low	Real	High
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Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Contango Oil. Your research has to be compared to or analyzed against Contango Oil's peers to derive any actionable benefits. When done correctly, Contango Oil's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Contango Oil Gas.

Contango Oil Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Contango Oil and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Contango 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 Contango Oil Gas does not affect the price movement of the other competitor.

	MYRG	DFH	JYNT	TWI	BLD	PKOH	TSN
MYRG		0.82	0.66	-0.68	0.89	0.36	0.58	MYRG
DFH	0.82		0.66	-0.64	0.92	0.49	0.54	DFH
JYNT	0.66	0.66		-0.76	0.71	0.18	0.82	JYNT
TWI	-0.68	-0.64	-0.76		-0.65	0.01	-0.73	TWI
BLD	0.89	0.92	0.71	-0.65		0.47	0.53	BLD
PKOH	0.36	0.49	0.18	0.01	0.47		0.09	PKOH
TSN	0.58	0.54	0.82	-0.73	0.53	0.09		TSN
	MYRG	DFH	JYNT	TWI	BLD	PKOH	TSN

Click cells to compare fundamentals

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High positive correlations

BLD	+ 0.92	DFH
BLD	+ 0.89	MYRG
DFH	+ 0.82	MYRG
TSN	+ 0.82	JYNT
BLD	+ 0.71	JYNT
JYNT	+ 0.66	MYRG

High negative correlations

TWI	- 0.76	JYNT
TSN	- 0.73	TWI
TWI	- 0.68	MYRG
BLD	- 0.65	TWI
TWI	- 0.64	DFH

Risk-Adjusted Indicators

There is a big difference between Contango Stock performing well and Contango Oil 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 Contango Oil'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
MYRG	1.89	0.05	0.06	0.11	2.39	(1.90)	3.25	(3.33)	8.98
DFH	3.09	(0.07)	0.03	0.06	4.11	(2.99)	6.80	(7.14)	21.75
JYNT	2.86	0.47	0.16	0.38	2.68	(3.52)	8.05	(5.27)	36.17
TWI	1.57	(0.43)	0.00	(0.16)	0.00	0.00	2.18	(3.55)	14.33
BLD	1.69	(0.10)	0.01	0.04	1.98	(1.80)	3.08	(3.38)	11.23
PKOH	1.99	(0.21)	0.00	(0.03)	0.00	0.00	3.55	(4.05)	12.57
TSN	1.03	0.19	0.09	0.62	1.24	(1.06)	2.02	(2.58)	7.10

Contango Oil Competitive Analysis

The better you understand Contango Oil competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Contango Oil'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 Contango Oil'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

	MYRG	DFH	JYNT	TWI	BLD	PKOH	TSN
	0.13 164.60 MYR	2.52 35.54 Dream	2.46 12.28 Joint	0.08 11.80 Titan	1.74 388.27 Topbuild	0.21 23.96 Park	0.56 61.32 Tyson
Market Volatility (90 Days Market Risk)	Very steady	Not too volatile	Somewhat reliable	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Insignificant	OK	Very Weak	Insignificant	Very Weak	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Very Small	Very Low	Low	Very Small	Very Low	Very Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Under Valued	Under Valued	Over Valued	Under Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Hold	Buy	Hold	Strong Buy	Hold	Buy
Trade Advice (90 Days Macroaxis Advice)	Hold	Sell	Hold	Strong Hold	Cautious Hold	Hold	Strong Buy
Current Ratio	1.43 X	7.02 X	0.88 X	1.91 X	1.69 X	2.37 X	1.81 X
Net Asset	1.61 B	2.57 B	87.15 M	1.29 B	5.16 B	1.34 B	36.25 B
Profit Margin	0.03 %	0.08 %	(0.08) %	0.04 %	0.12 %	0 %	(0.02) %
EBITDA	184.02 M	445.87 M	9.14 M	192.38 M	1.03 B	121.6 M	1.8 B
Operating Margin	0.04 %	0.12 %	0.04 %	0.05 %	0.16 %	0.05 %	0.05 %
Current Valuation	2.8 B	3.91 B	184.64 M	933.45 M	13.27 B	937.27 M	30.05 B
Price To Book	4.35 X	3.89 X	7.25 X	1.86 X	5.19 X	1.18 X	1.14 X
Retained Earnings	492.53 M	648.41 M	(21.91 M)	169.62 M	2.37 B	240.1 M	18.76 B
Current Asset	303.37 M	N/A	19.03 M	710 M	480.36 M	549.6 M	4.89 B
Five Year Return	N/A	N/A	N/A	0.41 %	N/A	1.86 %	2.09 %
Beta	1.09	1.99	1.58	2.08	1.66	1.21	0.75
Number Of Employees	9 K	1.24 K	444	6.9 K	14.01 K	6.3 K	139 K
Shares Outstanding	16.74 M	34.5 M	14.94 M	72.57 M	31.81 M	13.07 M	287 M
Cash Flow From Operations	71.02 M	374.23 M	14.68 M	179.35 M	849.41 M	50.5 M	1.75 B
Annual Yield	N/A	N/A	N/A	N/A	N/A	0.02 %	0.03 %
Total Debt	73.61 M	845.42 M	16.73 M	437.26 M	47.04 M	687.8 M	9.51 B
Return On Equity	0.15	0.33	-0.34	0.2	0.27	0.12	-0.0449
Z Score	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return On Asset	0.0524	0.11	0.0039	0.072	0.11	0.0416	0.0116
Number Of Shares Shorted	438.4 K	4.28 M	781.63 K	2.17 M	571.38 K	188.36 K	4.82 M
Book Value Per Share	39.03 X	9.93 X	1.68 X	7.69 X	81.18 X	22.75 X	50.93 X
Current Liabilities	179.74 M	N/A	7.49 M	270.1 M	326.68 M	225.2 M	2.76 B
Total Asset	1.61 B	2.57 B	87.15 M	1.29 B	5.16 B	1.34 B	36.25 B
Debt To Equity	0.23 %	1.39 %	0.82 %	1.43 %	0.95 %	2.31 %	0.45 %
Short Ratio	2.57 X	8.00 X	5.69 X	6.31 X	1.97 X	7.11 X	1.38 X
Last Dividend Paid	N/A	N/A	N/A	N/A	N/A	0.5	1.93
Target Price	180.5	34.5	12.19	19.0	460.7	31.0	60.9
Shares Owned By Institutions	97.74 %	69.44 %	77.43 %	94.43 %	97.50 %	51.76 %	83.98 %
Market Capitalization	2.75 B	3.42 B	188.04 M	855.57 M	12.79 B	312.52 M	21.77 B
Price To Earning	23.54 X	8.73 X	16.57 X	5.84 X	20.28 X	25.13 X	7.55 X
Price To Earnings To Growth	4.91 X	0.11 X	(0.70) X	(1.21) X	N/A	1.09 X	18.51 X
Price To Sales	0.78 X	0.96 X	1.53 X	0.48 X	2.56 X	0.20 X	0.39 X
Net Income	90.99 M	295.9 M	(9.75 M)	83.71 M	614.25 M	34 M	(649 M)
Earnings Per Share	5.41 X	2.79 X	(0.66) X	1.25 X	19.32 X	2.72 X	(2.47) X
Shares Owned By Insiders	2.26 %	28.23 %	1.50 %	5.57 %	0.43 %	34.92 %	2.00 %
Revenue	3.64 B	3.75 B	117.7 M	1.82 B	5.19 B	1.66 B	52.88 B
Working Capital	279.04 M	975.12 M	10.76 M	504.41 M	1.28 B	460.8 M	2.22 B
Cash And Equivalents	35.77 M	364.53 M	9.37 M	159.58 M	240.07 M	61.1 M	573 M
Cash Per Share	2.15 X	0.91 X	0.65 X	1.86 X	3.85 X	5.10 X	2.87 X
Gross Profit	343.96 M	627.2 M	92.08 M	349 M	1.49 B	210.5 M	2.66 B
Day Typical Price	165.12	36.08	12.33	11.71	392.93	23.79	60.97
Accumulation Distribution	2565.62	18353.13	1434.89	9634.25	12043.32	400.31	46677.84
Market Facilitation Index	1.0E-4	0.0	0.0	0.0	1.0E-4	0.0	0.0
Daily Balance Of Power	0.0471	(0.39)	(0.67)	0.0313	(0.36)	0.0877	0.2125
Period Momentum Indicator	0.22	(0.92)	(0.31)	0.01	(6.86)	0.05	0.34
Rate Of Daily Change	1.0	0.97	0.98	1.0	0.98	1.0	1.01
Day Median Price	165.38	36.35	12.35	11.67	395.26	23.71	60.8
Price Action Indicator	(0.67)	(1.27)	(0.23)	0.14	(10.42)	0.28	0.69
Relative Strength Index	58.89	57.5	57.09	43.92	59.26	50.44	72.96
Coefficient Of Variation	896.1	1767.92	803.7	(811.53)	1944.54	(5,252)	586.66
Mean Deviation	1.89	3.09	2.86	1.57	1.69	1.99	1.03
Jensen Alpha	0.0485	(0.07)	0.4659	(0.43)	(0.1)	(0.21)	0.1922
Total Risk Alpha	(0.07)	(0.34)	(0.07)	(0.58)	(0.19)	(0.41)	0.036
Sortino Ratio	0.0633	0.0317	0.1577	N/A	0.0061	N/A	0.0926
Downside Variance	6.68	18.44	10.68	N/A	4.3	N/A	2.21
Standard Deviation	2.32	4.09	4.91	2.2	2.1	2.58	1.37
Kurtosis	(0.16)	0.8479	19.37	4.87	0.0657	0.4197	0.6643
Potential Upside	3.25	6.8	8.05	2.18	3.08	3.55	2.02
Treynor Ratio	0.106	0.0646	0.3799	(0.16)	0.0427	(0.03)	0.6197
Maximum Drawdown	8.98	21.75	36.17	14.33	11.23	12.57	7.1
Variance	5.39	16.76	24.1	4.83	4.41	6.63	1.87
Market Risk Adjusted Performance	0.116	0.0746	0.3899	(0.15)	0.0527	(0.02)	0.6297
Risk Adjusted Performance	0.0769	0.0437	0.0863	(0.07)	0.0391	(0)	0.1117
Skewness	(0.55)	0.1511	3.39	(1.24)	(0.03)	(0.42)	(0.38)
Semi Deviation	2.39	4.11	2.68	N/A	1.98	N/A	1.24
Information Ratio	0.0705	0.0333	0.105	(0.17)	0.0061	(0.06)	0.1007
Value At Risk	(3.33)	(7.14)	(5.27)	(3.55)	(3.38)	(4.05)	(2.58)
Expected Short fall	(1.90)	(2.99)	(3.52)	N/A	(1.80)	N/A	(1.06)
Downside Deviation	2.59	4.29	3.27	N/A	2.07	N/A	1.49
Semi Variance	5.73	16.93	7.18	N/A	3.93	N/A	1.53

Contango Oil Competition Performance Charts

Five steps to successful analysis of Contango Oil Competition

Contango Oil'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 Contango Oil Gas in relation to its competition. Contango Oil's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Contango Oil 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 Contango Oil's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Contango Oil Gas, 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Contango Oil position

In addition to having Contango Oil 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.

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Farming

Companies producing farming products and providing services for farmers. The Farming theme has 37 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 Farming Theme or any other thematic opportunities.

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Check out Correlation Analysis 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 main economic indicators.

Note that the Contango Oil Gas information on this page should be used as a complementary analysis to other Contango Oil'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Consideration for investing in Contango Stock

If you are still planning to invest in Contango Oil Gas check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Contango Oil's history and understand the potential risks before investing.

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