Air Competitors

Stocks . Taiwan . 
Stock . Air Asia Co
2630 Stock  TWD 32.20  0.30  0.92%   
Air Asia competes with Aerospace Industrial, Ruentex Development, Symtek Automation, and CTCI Corp; as well as few others. The company operates under Industrials sector and is part of Aerospace & Defense industry. Analyzing Air Asia 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 Air Asia to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Air Asia Correlation with its peers.
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 Air Asia competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
30.1032.2034.30
Details
Intrinsic
Valuation
LowRealHigh
27.2129.3135.42
Details
Naive
Forecast
LowNextHigh
31.9334.0336.13
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
29.1831.4433.69
Details

Air Asia Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Air Asia 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 Air 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 Air Asia does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
9921
+ 0.97
9933
9921
+ 0.88
2634
5534
+ 0.88
9933
9933
+ 0.86
2634
5534
+ 0.85
9921
6209
+ 0.78
9945
  
High negative correlations   
5534
- 0.86
6438
9921
- 0.86
6438
9933
- 0.84
6438
5534
- 0.69
6697
9908
- 0.69
6438
6438
- 0.69
2634

Risk-Adjusted Indicators

There is a big difference between Air Stock performing well and Air Asia 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 Air Asia'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
2634  0.92 (0.12) 0.00 (0.33) 0.00 
 0.00 
 2.46 
(2.11)
 6.21 
2630  1.37  0.02 (0.05) 0.27  1.44 
(1.71)
 3.03 
(2.54)
 12.23 
9945  0.98 (0.05) 0.00 (0.28) 0.00 
 0.00 
 1.80 
(2.13)
 7.35 
6438  2.70  0.79  0.23  5.89  2.07 
(3.53)
 9.79 
(3.99)
 17.42 
9933  0.66 (0.28) 0.00  2.61  0.00 
 0.00 
 1.53 
(1.67)
 3.64 
6697  1.32  0.14  0.03  0.60  1.62 
(1.63)
 3.46 
(2.85)
 15.29 
6209  0.99  0.00 (0.06) 0.10  1.24 
(1.05)
 1.98 
(2.15)
 5.38 
9921  1.66 (0.69) 0.00 (3.08) 0.00 
 0.00 
 2.00 
(5.13)
 14.43 
9908  0.18 (0.04) 0.00 (0.61) 0.00 
 0.00 
 0.33 
(0.33)
 1.16 
5534  1.62 (0.32) 0.00  34.86  0.00 
 0.00 
 3.68 
(3.56)
 12.00 
All Fundamental Data

Air Asia Competitive Analysis

The better you understand Air Asia competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Air Asia'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 Air Asia'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
2630 2634 9945 6438 9933 6697 6209 9921 9908 5534
 0.92 
 32.20 
Air
 2.10 
 43.70 
Aerospace
 0.43 
 45.80 
Ruentex
 0.26 
 192.00 
Symtek
 0.25 
 40.40 
CTCI
 2.85 
 47.70 
Information
 0.59 
 25.40 
Kinko
 3.08 
 150.50 
Giant
 0.17 
 30.20 
Great
 0.23 
 88.10 
Chong
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weak
Very Weak
Very Weak
Solid
Very Weak
Modest
Weak
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Under 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
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Cautious Hold
Cautious Hold
Strong Hold
Sell
Cautious Hold
Cautious Hold
Strong Sell
Cautious Hold
Buy
Current Ratio
1.6
1.62
1.67
1.49
1.12
N/A
2.32
1.42
3.48
3.0
Net Asset
4.74 B
40.75 B
191.78 B
6.18 B
87.42 B
N/A
4.62 B
77.2 B
18.54 B
41.73 B
Profit Margin
0.0064
0.0544
0.53
0.13
0.0274
N/A
0.0174
0.0741
0.26
0.32
EBITDA
186.95 M
2.25 B
19.66 B
904.7 M
4.46 B
N/A
135.66 M
10.89 B
1.41 B
1.64 B
Operating Margin
0.0084
0.0499
0.13
0.16
0.0386
N/A
-0.0298
0.0928
0.18
0.38
Current Valuation
3.89 B
50.97 B
196.39 B
5.77 B
25.43 B
N/A
4.78 B
115.88 B
9.59 B
38.19 B
Price To Book
1.24
2.11
6.72
1.78
1.93
N/A
1.43
3.14
1.29
1.1
Retained Earnings
N/A
2.68 B
18.36 B
N/A
5.3 B
N/A
1.33 B
14.97 B
3.08 B
6.19 B
Current Asset
N/A
23.35 B
28.06 B
N/A
48.05 B
N/A
2.91 B
34.81 B
5.05 B
25.47 B
Five Year Return
N/A
3.66
N/A
4.68
5.36
N/A
N/A
2.82
3.7
7.65
Beta
0.74
0.45
0.77
1.16
0.22
N/A
1.4
1.14
0.21
0.32
Number Of Employees
4
55
26
N/A
50
N/A
11
39
38
20
Shares Outstanding
162.21 M
941.87 M
3.15 B
71.43 M
784.39 M
N/A
174.23 M
409.06 M
500.86 M
290.33 M
Cash Flow From Operations
(122.25 M)
4.52 B
6.07 B
678.36 M
14.56 B
N/A
(247.69 M)
(4.96 B)
1.28 B
(4.38 B)
Annual Yield
0.0136
0.0092
0.0303
0.0651
0.0508
N/A
0.0198
0.0481
0.0354
0.0591
Total Debt
293.75 M
7.62 B
31.94 B
76.21 M
15.02 B
N/A
548.27 M
3.16 B
5.32 M
N/A
Return On Equity
0.0135
0.11
0.24
0.22
0.18
N/A
0.0206
0.23
0.0678
0.17
Z Score
5.4
2.4
2.4
54.0
1.2
N/A
4.8
16.6
N/A
N/A
Return On Asset
0.0043
0.0213
0.0164
0.0797
0.0255
N/A
-0.0148
0.0647
0.0198
0.054
Book Value Per Share
11.89
16.48
6.68
49.64
22.02
N/A
18.53
80.43
24.04
64.91
Current Liabilities
N/A
18.6 B
16.96 B
N/A
38.02 B
N/A
1.42 B
23.12 B
2.03 B
15.27 B
Total Asset
4.74 B
40.75 B
191.78 B
6.18 B
87.42 B
N/A
4.62 B
77.2 B
18.54 B
41.73 B
Debt To Equity
1.19
1.73
2.24
0.31
76.0
N/A
17.9
71.3
N/A
29.4
Last Dividend Paid
0.23
0.35
1.33
6.3
2.26
N/A
N/A
10.0
1.1
4.41
Target Price
N/A
39.67
29.17
N/A
53.5
N/A
39.43
252.22
N/A
86.3
Shares Owned By Institutions
1.02
19.95
8.22
2.13
19.08
N/A
1.38
27.91
7.92
16.7
Market Capitalization
2.78 B
35.41 B
139.36 B
6.89 B
34.91 B
N/A
4.5 B
84.47 B
15.53 B
21.72 B
Price To Earning
54.28
67.26
8.82
13.75
20.93
N/A
442.19
24.07
17.06
10.75
Price To Earnings To Growth
N/A
0.43
-1.03
N/A
1.15
N/A
N/A
4.48
N/A
0.47
Price To Sales
0.69
1.15
4.83
1.14
0.36
N/A
1.2
0.95
4.77
2.17
Net Income
76.98 M
558.01 M
16.24 B
651.65 M
1.64 B
N/A
(150.46 M)
5.93 B
875.3 M
1.28 B
Earnings Per Share
0.14
1.65
5.08
10.29
3.24
N/A
0.39
17.48
1.68
10.43
Shares Owned By Insiders
77.78
40.23
45.16
20.98
27.37
N/A
23.7
20.18
33.76
42.53
Revenue
3.88 B
23.73 B
27.29 B
4.91 B
70.54 B
N/A
3.61 B
81.84 B
3.17 B
4.85 B
Working Capital
N/A
4.75 B
11.1 B
N/A
10.03 B
N/A
1.49 B
11.69 B
3.02 B
10.2 B
Cash And Equivalents
568.64 M
2.25 B
7.39 B
1.41 B
18 B
N/A
992.72 M
10.86 B
5.76 B
2.16 B
Cash Per Share
3.51
2.39
2.35
23.02
23.62
N/A
6.09
28.94
11.51
7.43
Gross Profit
228.07 M
1.77 B
5.73 B
1.6 B
4 B
N/A
201.58 M
19.76 B
827.69 M
1.84 B
Day Typical Price
32.27
43.63
45.97
194.67
40.4
47.3
25.52
149.5
30.22
88.5
Accumulation Distribution
5941.29
62174.6
26113.49
90692.12
N/A
4002.91
3302.2
42161.38
128.45
7100.0
Daily Balance Of Power
(0.60)
1.125
(0.40)
0.0556
(9,223,372,036,855)
(0.70)
(0.33)
1.125
(1.00)
(0.12)
Period Momentum Indicator
(0.30)
0.9
(0.20)
0.5
(0.10)
(1.40)
(0.15)
4.5
(0.05)
(0.20)
Rate Of Daily Change
0.99
1.02
1.0
1.0
1.0
0.97
0.99
1.03
1.0
1.0
Day Median Price
32.3
43.6
46.05
196.0
40.4
47.1
25.58
149.0
30.23
88.7
Price Action Indicator
(0.25)
0.55
(0.35)
(3.75)
(0.05)
(0.10)
(0.25)
3.75
(0.05)
(0.70)
Coefficient Of Variation
4673.32
(1,523)
(4,732)
452.32
(307.66)
1169.77
3932.26
(351.00)
(1,254)
(721.21)
Mean Deviation
1.37
0.9233
0.9752
2.7
0.6612
1.32
0.9876
1.66
0.1841
1.62
Jensen Alpha
0.0198
(0.12)
(0.05)
0.7877
(0.28)
0.1437
(0)
(0.69)
(0.04)
(0.32)
Total Risk Alpha
(0.30)
(0.29)
(0.24)
0.2205
(0.43)
(0.17)
(0.18)
(1.03)
(0.07)
(0.68)
Sortino Ratio
(0.05)
N/A
N/A
0.235
N/A
0.0299
(0.06)
N/A
N/A
N/A
Downside Variance
2.68
N/A
N/A
8.59
N/A
4.48
2.06
N/A
N/A
N/A
Standard Deviation
2.08
1.24
1.26
3.68
0.8679
2.2
1.25
2.29
0.2462
2.24
Kurtosis
5.53
0.5074
0.7418
0.9682
0.3093
6.52
(0.50)
2.23
0.3576
3.52
Potential Upside
3.03
2.46
1.8
9.79
1.53
3.46
1.98
2.0
0.3328
3.68
Treynor Ratio
0.2689
(0.33)
(0.28)
5.89
2.61
0.5986
0.0964
(3.08)
(0.61)
34.86
Maximum Drawdown
12.23
6.21
7.35
17.42
3.64
15.29
5.38
14.43
1.16
12.0
Variance
4.33
1.54
1.58
13.53
0.7532
4.82
1.56
5.26
0.0606
5.02
Market Risk Adjusted Performance
0.2789
(0.32)
(0.27)
5.9
2.62
0.6086
0.1064
(3.07)
(0.60)
34.87
Risk Adjusted Performance
0.022
(0.04)
(0.01)
0.1677
(0.23)
0.0685
0.0226
(0.20)
(0.08)
(0.09)
Skewness
1.86
0.3993
0.0026
0.9126
0.5001
1.29
(0.17)
(0.32)
0.1669
(0.76)
Semi Deviation
1.44
N/A
N/A
2.07
N/A
1.62
1.24
N/A
N/A
N/A
Information Ratio
(0.04)
(0.17)
(0.12)
0.1873
(0.47)
0.0288
(0.07)
(0.34)
(0.59)
(0.19)
Value At Risk
(2.54)
(2.11)
(2.13)
(3.99)
(1.67)
(2.85)
(2.15)
(5.13)
(0.33)
(3.56)
Expected Short fall
(1.71)
N/A
N/A
(3.53)
N/A
(1.63)
(1.05)
N/A
N/A
N/A
Downside Deviation
1.64
N/A
N/A
2.93
N/A
2.12
1.43
N/A
N/A
N/A
Semi Variance
2.07
N/A
N/A
4.27
N/A
2.64
1.53
N/A
N/A
N/A

Air Asia Competition Performance Charts

Five steps to successful analysis of Air Asia Competition

Air Asia'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 Air Asia in relation to its competition. Air Asia's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Air Asia 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 Air Asia's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Air Asia, 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 Air Asia position

In addition to having Air Asia 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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Diversified Assets Theme
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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 Diversified Assets Theme or any other thematic opportunities.
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Additional Tools for Air Stock Analysis

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