Advanced Competitors

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

Advanced Drainage Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Advanced Drainage 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 Advanced 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 Advanced Drainage Systems does not affect the price movement of the other competitor.

Related Correlations

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Risk-Adjusted Indicators

Nowadays, there is a big difference between Advanced Stock performing well and Advanced Drainage company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Advanced Drainage's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
META 2.52  0.91  0.40  0.66  1.85  0.24 (3.17)  6.53 (4.14)  24.47 
MSFT 1.64  0.03  0.05  0.12  1.71  0.0412 (1.79)  3.57 (2.96)  12.60 
UBER 2.08  0.05  0.05  0.14  2.17  0.0434 (2.30)  4.95 (3.86)  13.51 
F 2.01 (0.17) (0.03)  0.01  3.05 (0.0356) (1.77)  3.84 (3.99)  14.14 
T 1.05  0.06  0.01  0.20  1.16  0.0103 (1.09)  2.26 (2.06)  8.80 
A 1.47 (0.01)  0.02  0.10  1.53  0.0121 (1.60)  2.67 (2.55)  11.05 
CRM 2.20 (0.07)  0.00  0.06  2.98  0.0048 (2.20)  4.69 (4.48)  18.29 
JPM 0.91  0.08  0.05  0.20  1.09  0.0471 (0.94)  1.91 (1.75)  7.12 
MRK 0.90  0.05 (0.02)  0.34  1.54 (0.0269) (0.79)  1.78 (1.87)  6.32 
XOM 1.35 (0.08) (0.05)  0.02  1.79 (0.05) (1.34)  2.64 (3.00)  7.15 

Cross Equities Net Income Analysis

Compare Advanced Drainage Systems and related stocks such as Alkermes Plc Net Income Over Time
Select Fundamental

ALKS(113.7 M)(113.7 M)25 M(30.1 M)(30.1 M)(227.2 M)(208.4 M)(157.9 M)(139.3 M)(196.6 M)(110.9 M)(48.2 M)(43.4 M)(46.8 M)

Advanced Drainage Systems and related stocks such as Alkermes Plc Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Advanced Drainage Systems financial statement analysis. It represents the amount of money remaining after all of Advanced Drainage Systems operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends Income Statement Impact.

Advanced Drainage Competitive Analysis

The better you understand Advanced Drainage competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Advanced Drainage'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 Advanced Drainage'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
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
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(Probability Of Bankruptcy)
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(Equity Enterprise Value)
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(90 Days Macroaxis Advice)
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Risk Adjusted Performance
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Advanced Drainage Competition Performance Charts

Complement your Advanced Drainage position

In addition to having Advanced Drainage 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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Marijuana Theme
Small and mid-cap equities that are involved in production and delivery of Marijuana products. This theme is designed for investors that are willing to accept higher levels of market risk inherited by Marijuana production in the United States. The Marijuana theme has 31 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 Marijuana Theme or any other thematic opportunities.
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Check out Advanced Drainage Correlation with its peers. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for analysis

When running Advanced Drainage Systems price analysis, check to measure Advanced Drainage'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 Advanced Drainage is operating at the current time. Most of Advanced Drainage's value examination focuses on studying past and present price action to predict the probability of Advanced Drainage's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Advanced Drainage's price. Additionally, you may evaluate how the addition of Advanced Drainage to your portfolios can decrease your overall portfolio volatility.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Global Correlations
Find global opportunities by holding instruments from different markets
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Transaction History
View history of all your transactions and understand their impact on performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Is Advanced Drainage's 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 Advanced Drainage. If investors know Advanced 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 Advanced Drainage 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
Market Capitalization
7.7 B
Quarterly Revenue Growth
Return On Assets
Return On Equity
The market value of Advanced Drainage Systems is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Drainage's value that differs from its market value or its book value, called intrinsic value, which is Advanced Drainage's 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 Advanced Drainage's market value can be influenced by many factors that don't directly affect Advanced Drainage's 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 Advanced Drainage's value and its price as these two are different measures arrived at by different means. Investors typically determine Advanced Drainage value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Drainage's 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.
WMS Stock  USD 91.17  1.62  1.75%   
Advanced Drainage Systems competes with Alkermes Plc; as well as few others. The company runs under Building Products sector within Industrials industry. Analyzing Advanced Drainage 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 Advanced Drainage 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 Advanced Drainage competition on your existing holdings. Check out Advanced Drainage Correlation with its peers.
Advanced Drainage Return on Investment is comparatively stable at the moment as compared to the past year. Advanced Drainage reported Return on Investment of 19.05 in 2022. Return on Average Assets is likely to gain to 10.41 in 2023, whereas Return on Invested Capital is likely to drop 0.0448 in 2023. Advanced Drainage Total Assets are comparatively stable at the moment as compared to the past year. Advanced Drainage reported Total Assets of 2.38 Billion in 2022. Goodwill and Intangible Assets is likely to gain to about 188.4 M in 2023, whereas Assets Non Current are likely to drop slightly above 522.6 M in 2023.