CareRay Competitors

688607 Stock   15.15  0.30  2.02%   
CareRay Digital Medical competes with PetroChina, China Mobile, Ping An, China Petroleum, and China Telecom; as well as few others. The company operates under Health Care Equipment & Supplies sector and is part of Health Care industry. Analyzing CareRay Digital 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 CareRay Digital to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out CareRay Digital 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 CareRay Digital competition on your existing holdings.
  
Hype
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12.0215.4618.90
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8.4611.9015.34
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11.4014.8418.27
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0.000.000.00
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CareRay Digital Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between CareRay Digital 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 CareRay 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 CareRay Digital Medical does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
601628601318
601728601318
601628601728
600519601318
600519601728
601628600519
  
High negative correlations   
601628600028
600028601318
601628601857
601728600028
601728601857
601318601857

Risk-Adjusted Indicators

There is a big difference between CareRay Stock performing well and CareRay Digital 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 CareRay Digital'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.

Cross Equities Net Income Analysis

Compare CareRay Digital Medical and related stocks such as PetroChina, China Mobile Limited, and Ping An Insurance Net Income Over Time
201020112012201320142015201620172018201920202021202220232024
60185719.2 B19.2 B19.2 B19.2 B19.2 B35.5 B7.9 B22.8 B52.6 B45.7 B19 B92.2 B149.4 B161.1 B169.2 B
600941B125.9 B129.3 B121.7 B109.3 B108.5 B108.7 B114.3 B117.8 B106.6 B107.8 B116.1 B125.5 B131.8 B91.7 B
60131854.2 B54.2 B54.2 B54.2 B54.2 B54.2 B62.4 B89.1 B107.4 B149.4 B143.1 B101.6 B83.8 B85.7 B107.1 B
6000287.8 B7.8 B7.8 B7.8 B7.8 B32.5 B46.7 B51.2 B61.6 B57.5 B32.9 B72 B66.2 B58.3 B53.5 B
6017288.4 B16.5 B14.9 B17.5 B17.7 B20.1 B18 B18.6 B21.2 B20.5 B20.9 B25.9 B27.6 B30.4 B21.9 B
600519251.1 M8.8 B13.3 B15.1 B15.3 B15.5 B16.7 B27.1 B35.2 B41.2 B46.7 B52.5 B62.7 B74.7 B78.5 B
6016285.2 B5.2 B5.2 B5.2 B5.2 B34.7 B19.1 B32.3 B11.4 B58.3 B50.3 B50.9 B32.1 B21.1 B34.7 B

CareRay Digital Medical and related stocks such as PetroChina, China Mobile Limited, and Ping An Insurance Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in CareRay Digital Medical financial statement analysis. It represents the amount of money remaining after all of CareRay Digital Medical operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

CareRay Digital Competitive Analysis

The better you understand CareRay Digital competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, CareRay Digital'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 CareRay Digital'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
688607 601857 600941 601318 600028 601728 600519 601628
 2.02 
 15.15 
CareRay
 0.12 
 8.03 
PetroChina
 0.29 
 106.05 
China
 0.71 
 53.17 
Ping
 0.31 
 6.40 
China
 1.38 
 6.44 
China
 0.07 
 1,518 
Kweichow
 1.63 
 41.62 
China
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CareRay Digital Competition Performance Charts

Five steps to successful analysis of CareRay Digital Competition

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

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Other Information on Investing in CareRay Stock

CareRay Digital financial ratios help investors to determine whether CareRay Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CareRay with respect to the benefits of owning CareRay Digital security.