SPTSX Equal Competition

Summary

TXBE Index

239.66 2.81 1.16%

SPTSX Equal Weight competes with Data Communications, Adventus Mining, Stampede Drilling, AKITA Drilling, and BMO Global; as well as few others. Analyzing SPTSX Equal 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 SPTSX Equal to its intrinsic valuation because they are able to contrast its competitors on a relative basis.

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 SPTSX Equal competition on your existing holdings. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SPTSX Equal'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. Please use the tools below to analyze the current value of SPTSX Equal in the context of predictive analytics.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPTSX Equal. Your research has to be compared to or analyzed against SPTSX Equal's peers to derive any actionable benefits. When done correctly, SPTSX Equal'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 SPTSX Equal Weight.

SPTSX Equal Competition Correlation Matrix

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

	DCM	ADZN	SDI	AKT-A	COMM	SSVR	PPL	OGD
DCM		-0.36	0.63	0.58	0.45	-0.07	0.43	-0.51	DCM
ADZN	-0.36		-0.13	-0.05	0.19	-0.16	-0.02	0.14	ADZN
SDI	0.63	-0.13		0.77	0.67	-0.33	0.53	-0.58	SDI
AKT-A	0.58	-0.05	0.77		0.79	-0.25	0.75	-0.68	AKT-A
COMM	0.45	0.19	0.67	0.79		-0.17	0.67	-0.57	COMM
SSVR	-0.07	-0.16	-0.33	-0.25	-0.17		-0.08	0.12	SSVR
PPL	0.43	-0.02	0.53	0.75	0.67	-0.08		-0.33	PPL
OGD	-0.51	0.14	-0.58	-0.68	-0.57	0.12	-0.33		OGD
	DCM	ADZN	SDI	AKT-A	COMM	SSVR	PPL	OGD

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High positive correlations

COMM	+ 0.79	AKT-A
AKT-A	+ 0.77	SDI
PPL	+ 0.75	AKT-A
COMM	+ 0.67	SDI
PPL	+ 0.67	COMM
SDI	+ 0.63	DCM

High negative correlations

OGD	- 0.68	AKT-A
OGD	- 0.58	SDI
OGD	- 0.57	COMM
OGD	- 0.51	DCM
ADZN	- 0.36	DCM
OGD	- 0.33	PPL

Risk-Adjusted Indicators

There is a big difference between SPTSX Index performing well and SPTSX Equal index 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 SPTSX Equal'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	Information Ratio	Expected Shortfall	Potential Upside	Value At@Risk	Maximum Drawdown
DCM	1.86	0.06	0.02	0.05	2.45	0.0277	(1.76)	3.23	(3.51)	8.85
ADZN	2.23	0.06	0.02	0.08	2.37	0.0187	(4.97)	6.45	(3.45)	20.04
SDI	2.41	0.30	0.06	(20.80)	2.54	0.09	(5.00)	4.76	(4.17)	17.09
AKT-A	3.10	0.80	0.25	0.99	2.54	0.18	(4.18)	7.94	(4.62)	31.45
COMM	0.53	0.00	0.04	0.00	0.58	0.0336	(0.69)	1.11	(1.14)	3.22
SSVR	2.77	0.07	0.02	0.05	2.82	0.0195	(4.04)	6.98	(5.66)	15.66
PPL	0.80	0.03	0.04	0.03	0.97	0.0374	(0.83)	1.44	(1.44)	3.90
OGD	2.61	(0.36)	0.00	(0.35)	0.00	(0.09)	0.00	6.06	(10.14)	20.04

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SPTSX Equal Competitive Analysis

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

	TXBE	DCM	ADZN	SDI	AKT-A	COMM	SSVR	PPL	OGD
	1.16 239.66 SPTSX	0.33 3.01 Data	6.67 0.32 Adventus	4.00 0.26 Stampede	1.60 1.90 AKITA	1.17 27.77 BMO	4.00 0.48 Summa	0.76 40.87 Pembina	4.92 0.64 Orbit
Market Volatility (90 Days Market Risk)	Unknown risk	Moderately volatile	Out of control	Out of control	Very risky	Very steady	Out of control	Very steady	Abnormally volatile
Market Performance (90 Days Performance)	Unknown Returns	Modest	Weak	OK	Good	Insignificant	Very Weak	Insignificant	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown Odds	Very Small	High	Below Average	Very Small	Very Small	Very High	Average	Below Average
Current Valuation (Equity Enterprise Value)	Unknown	Fairly Valued	Fairly Valued	Over Valued	Under Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Hold	Cautious Hold	Strong Sell	Buy	Hold	Strong Sell	Strong Hold	Strong Sell
Number of Shares Shorted		277.23 K	19.34 K	25.15 K	31.4 K	N/A	65.78 K	18.39 M	51.58 K
Shares Owned by Insiders		31.79	2.15	6.28	17.37	N/A	25.07	0.09	28.1
Current Ratio		1.15	10.79	0.64	1.85	N/A	33.21	0.51	3.05
Net Asset		149.48 M	135.7 M	108.28 M	268.28 M	22.9 M	31.6 M	31.48 B	127.56 M
Profit Margin		0.0036	N/A	0.12	0.11	N/A	N/A	0.28	-0.0033
EBITDA		37.91 M	(4.96 M)	14.2 M	40.54 M	N/A	(3.72 M)	3.28 B	16.76 M
Operating Margin		0.0762	N/A	0.14	0.0969	N/A	N/A	0.2	0.0318
Current Valuation		355.31 M	69.02 M	80.55 M	144.92 M	N/A	31.73 M	35.73 B	58.74 M
Cash Flow from Operations		22.68 M	9.31 M	10.15 M	18.2 M	N/A	(2.64 M)	2.93 B	14.35 M
Retained Earnings		(237.84 M)	443 K	(23.47 M)	(15.91 M)	N/A	(10.27 M)	(2.61 B)	6.77 M
Five Year Return		N/A	N/A	N/A	9.09	N/A	N/A	5.29	N/A
One Year Return		N/A	N/A	N/A	N/A	9.87	N/A	N/A	N/A
Beta		3.31	1.0	1.52	1.96	0.98	2.92	1.54	1.97
Price to Book		3.56	0.6	0.98	0.53	N/A	1.83	1.55	0.3
Equity Positions Weight		N/A	N/A	N/A	N/A	99.73	N/A	N/A	N/A
Shares Outstanding		55.02 M	179.63 M	228.59 M	38 M	N/A	91.32 M	549.2 M	37.37 M
Annual Yield		N/A	N/A	N/A	N/A	0.012	N/A	0.0658	N/A
Total Debt		66.85 M	N/A	11.61 M	95.31 M	N/A	N/A	11.28 B	3.44 M
Return On Equity		0.039	-0.0547	0.15	0.2	N/A	-0.0636	0.18	-0.0108
Price to Earning		312.5	N/A	N/A	-6.85	N/A	N/A	16.21	59.33
Z Score		2.0	-0.05	3.65	1.78	N/A	-0.59	1.76	6.72
Shares Owned by Institutions		0.01	17.27	17.88	21.33	N/A	10.72	62.19	11.12
Return On Asset		0.0618	-0.0205	0.0757	0.0551	N/A	-0.0382	0.0397	0.0302
Book Value Per Share		0.81	0.58	0.35	3.86	N/A	0.44	24.28	1.65
Cash and Equivalents		4.21 M	9.72 M	332 K	6.68 M	N/A	13.58 M	94 M	2.18 M
Price to Earnings To Growth		N/A	N/A	N/A	N/A	N/A	N/A	3.44	N/A
Total Asset		149.48 M	135.7 M	108.28 M	268.28 M	22.9 M	31.6 M	31.48 B	127.56 M
Short Ratio		2.05	0.87	0.34	0.55	N/A	0.99	8.58	3.89
Target Price		5.5	0.89	0.48	4.25	N/A	2.0	51.03	1.5
Last Dividend Paid		N/A	N/A	N/A	N/A	N/A	N/A	2.61	N/A
Price to Sales		0.25	N/A	1.27	0.4	N/A	N/A	2.19	0.0943
Market Capitalization		162.32 M	57.48 M	57.15 M	75.47 M	N/A	39.73 M	22.45 B	23.92 M
Cash per Share		0.14	0.1	N/A	0.17	N/A	0.22	0.13	0.14
Net Income		13.97 M	(5.17 M)	8.21 M	4.29 M	N/A	(3.72 M)	2.97 B	429 K
Earnings Per Share		0.03	-0.05	0.06	0.67	N/A	-0.04	4.83	-0.02
Debt to Equity		N/A	N/A	19.3	0.43	N/A	N/A	0.68	0.61
Revenue		273.8 M	N/A	66.88 M	201 M	N/A	N/A	11.61 B	200.98 M
Working Capital		12.58 M	7.8 M	(4.83 M)	31.12 M	N/A	6.74 M	(684 M)	50.4 M
Gross Profit		84.22 M	N/A	22.32 M	49.11 M	N/A	N/A	2.73 B	22.52 M
Coefficient Of Variation	(1,129)	4047.41	5942.99	1117.78	569.79	4124.47	5651.04	3275.48	(1,106)
Mean Deviation	1.11	1.86	2.23	2.41	3.1	0.5281	2.77	0.7972	2.61
Total Risk Alpha	(0.1)	0.1071	0.1457	0.4002	0.9083	0.027	0.1551	0.0465	(0.26)
Jensen Alpha	N/A	0.0591	0.059	0.3034	0.7969	N/A	0.072	0.0327	(0.36)
Sortino Ratio	N/A	0.0248	0.0165	0.064	0.2519	0.0361	0.0201	0.0351	N/A
Downside Variance	N/A	6.27	15.82	25.07	10.09	0.442	12.51	1.08	N/A
Standard Deviation	1.4	2.24	3.51	3.51	4.52	0.7138	3.65	0.9735	4.03
Kurtosis	(0.12)	(0.47)	3.53	0.6105	8.68	1.67	0.3928	(0.53)	1.33
Potential Upside	2.2	3.23	6.45	4.76	7.94	1.11	6.98	1.44	6.06
Maximum Drawdown	6.73	8.85	20.04	17.09	31.45	3.22	15.66	3.9	20.04
Treynor Ratio	N/A	0.055	0.0819	(20.80)	0.9877	N/A	0.0521	0.0253	(0.35)
Variance	1.96	5.02	12.31	12.29	20.45	0.5095	13.31	0.9477	16.27
Market Risk Adjusted Performance	N/A	0.065	0.0919	(20.79)	0.9977	N/A	0.0621	0.0353	(0.34)
Risk Adjusted Performance	(0.047941)	0.0223	0.0185	0.0624	0.1149	0.0162	0.0191	0.0223	(0.046261)
Skewness	0.0915	(0.36)	1.26	0.1774	2.01	0.6243	0.6799	(0.26)	(0.62)
Semi Deviation	N/A	2.45	2.37	2.54	2.54	0.5776	2.82	0.9719	N/A
Information Ratio	(0.08)	0.0277	0.0187	0.0914	0.177	0.0336	0.0195	0.0374	(0.09)
Value At Risk	(2.44)	(3.51)	(3.45)	(4.17)	(4.62)	(1.14)	(5.66)	(1.44)	(10.14)
Expected Short fall	N/A	(1.76)	(4.97)	(5.00)	(4.18)	(0.69)	(4.04)	(0.83)	N/A
Downside Deviation	N/A	2.5	3.98	5.01	3.18	0.6648	3.54	1.04	N/A
Semi Variance	N/A	6.0	5.64	6.47	6.46	0.3336	7.98	0.9446	N/A

SPTSX Equal Competition Performance Charts

Five steps to successful analysis of SPTSX Equal Competition

SPTSX Equal'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 SPTSX Equal Weight in relation to its competition. SPTSX Equal's competition analysis typically involves several steps, including:

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

In addition to having SPTSX Equal 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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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for SPTSX Index analysis

When running SPTSX Equal's price analysis, check to measure SPTSX Equal'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 SPTSX Equal is operating at the current time. Most of SPTSX Equal's value examination focuses on studying past and present price action to predict the probability of SPTSX Equal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPTSX Equal's price. Additionally, you may evaluate how the addition of SPTSX Equal to your portfolios can decrease your overall portfolio volatility.

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