Park Competitors
| PKE Stock | USD 24.48 1.12 4.79% |
Park Electrochemical vs Babcock Wilcox Correlation
Poor diversification
The correlation between Park Electrochemical and BW is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Park Electrochemical and BW in the same portfolio, assuming nothing else is changed.
Moving together with Park Stock
Moving against Park Stock
Park Electrochemical Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Park Electrochemical 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 Park 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 Park Electrochemical does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Park Stock performing well and Park Electrochemical 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 Park Electrochemical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWBI | 1.84 | 0.23 | 0.11 | 0.25 | 1.92 | 4.08 | 25.97 | |||
| EVTL | 3.77 | 0.19 | 0.04 | 0.16 | 5.24 | 9.38 | 32.52 | |||
| BYRN | 2.16 | (0.61) | 0.00 | (0.45) | 0.00 | 4.35 | 12.95 | |||
| AIRO | 4.55 | (0.66) | 0.00 | (0.13) | 0.00 | 10.18 | 23.45 | |||
| ASLE | 1.47 | (0.04) | (0.02) | 0.01 | 2.60 | 2.92 | 12.02 | |||
| ZIP | 3.28 | (1.14) | 0.00 | (0.39) | 0.00 | 5.02 | 18.26 | |||
| ORN | 2.36 | 0.11 | 0.06 | 0.10 | 2.74 | 4.44 | 16.79 | |||
| TITN | 2.25 | (0.05) | 0.01 | 0.03 | 2.53 | 4.51 | 27.01 | |||
| HSHP | 1.64 | 0.50 | 0.19 | (457.06) | 1.83 | 3.78 | 12.50 | |||
| BW | 5.16 | 1.90 | 0.34 | 0.94 | 4.51 | 13.18 | 44.19 |
Park Electrochemical Competitive Analysis
The better you understand Park Electrochemical competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Park Electrochemical'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 Park Electrochemical'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 |
Park Electrochemical Competition Performance Charts
Five steps to successful analysis of Park Electrochemical Competition
Park Electrochemical'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 Park Electrochemical in relation to its competition. Park Electrochemical's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Park Electrochemical 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 Park Electrochemical's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Park Electrochemical, 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 Park Electrochemical position
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Check out Park Electrochemical Correlation with its peers. For information on how to trade Park Stock refer to our How to Trade Park Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Will Stock sector continue expanding? Could Park diversify its offerings? Factors like these will boost the valuation of Park Electrochemical. Anticipated expansion of Park directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Park Electrochemical data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Investors evaluate Park Electrochemical using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Park Electrochemical's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Park Electrochemical's market price to deviate significantly from intrinsic value.
It's important to distinguish between Park Electrochemical's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Park Electrochemical should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Park Electrochemical's market price signifies the transaction level at which participants voluntarily complete trades.