Compare Adobe to S1NP34, Fortinet, Block, A1KA34, S1YM34, Okta

Comparing Adobe to S1NP34, Fortinet, Block, A1KA34, S1YM34, Okta can provide valuable insights into potential diversification opportunities when combining these positions into a portfolio. By using this module, you can analyze the advantages of specified entities, assessing both technical and fundamental indicators across various peers. Please use the input box below to enter the symbols for specific investments you'd like to analyze. Check out your portfolio center.

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Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.

	ADBE34	S1NP34	F1TN34	S2QU34	A1KA34	S1YM34	O1KT34
ADBE34		0.59	0.68	0.7	0.13	0.58	0.63	ADBE34
S1NP34	0.59		0.79	0.79	0.01	0.81	0.6	S1NP34
F1TN34	0.68	0.79		0.96	0.09	0.88	0.88	F1TN34
S2QU34	0.7	0.79	0.96		0.17	0.88	0.85	S2QU34
A1KA34	0.13	0.01	0.09	0.17		-0.05	0.41	A1KA34
S1YM34	0.58	0.81	0.88	0.88	-0.05		0.69	S1YM34
O1KT34	0.63	0.6	0.88	0.85	0.41	0.69		O1KT34
	ADBE34	S1NP34	F1TN34	S2QU34	A1KA34	S1YM34	O1KT34

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

High positive correlations

S2QU34	+ 0.96	F1TN34
S1YM34	+ 0.88	F1TN34
O1KT34	+ 0.88	F1TN34
S1YM34	+ 0.88	S2QU34
O1KT34	+ 0.85	S2QU34
S1YM34	+ 0.81	S1NP34

High negative correlations

S1YM34

- 0.05

A1KA34

Risk-Adjusted Indicators

There is a big difference between a company's stock performing well and the company itself 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 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
ADBE34	1.78	0.03	0.01	0.05	2.80	(1.78)	3.60	(5.05)	15.15
S1NP34	1.80	0.18	0.06	0.59	2.64	(1.99)	4.10	(3.31)	19.87
F1TN34	1.46	0.52	0.32	0.93	0.82	(2.41)	4.53	(1.99)	17.07
S2QU34	2.45	0.67	0.22	44.08	2.54	(3.27)	6.14	(3.47)	23.91
A1KA34	1.12	0.12	0.03	0.81	1.88	(2.60)	3.77	(1.71)	15.45
S1YM34	0.92	0.46	0.00	1.06	0.00	0.00	0.52	0.00	28.38
O1KT34	1.64	0.36	0.10	3.71	1.84	(3.21)	4.74	(3.19)	14.39

Unable to evaluate fundamental data of [ADBE34.SA, S1NP34.SA, F1TN34.SA, S2QU34.SA, A1KA34.SA, S1YM34.SA, O1KT34.SA] at this time. Please try again later

All Fundamental Data

Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	ADBE34	S1NP34	F1TN34	S2QU34	A1KA34	S1YM34	O1KT34
	0.46 56.32 Adobe	0.87 753.91 S1NP34	0.54 293.00 Fortinet	1.85 22.02 Block	0.51 48.65 A1KA34	0.52 178.93 S1YM34	0.12 25.29 Okta
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Insignificant	Solid	Good	Insignificant	Good	OK
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Under Valued	Over Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Cautious Hold	Strong Buy	Hold	Cautious Hold	Strong Buy	Strong Hold
Current Ratio	1.32 X	1.19 X	2.01 X	1.95 X	3.48 X	0.80 X	3.76 X
Net Asset	27.16 B	N/A	5.92 B	13.93 B	N/A	N/A	9.21 B
Profit Margin	0.27 %	20.27 %	0.18 %	(0.03) %	17.52 %	23.52 %	(0.52) %
EBITDA	6.98 B	903.09 M	727.7 M	325.34 M	1.09 B	1.24 B	(649.9 M)
Operating Margin	0.35 %	18.75 %	0.20 %	(0.02) %	22.04 %	43.04 %	(0.46) %
Current Valuation	830.94 B	201.44 B	221.8 B	209.15 B	103.19 B	83.87 B	59.8 B
Price To Book	10.93 X	53.66 X	N/A	2.56 X	23.62 X	N/A	1.85 X
Beta	1.23	1.03	1.13	2.33	0.45	1.09	1.02
Number Of Employees	29.24 K	15.04 K	10.2 K	8.52 K	8.28 K	2.8 K	6.04 K
Shares Outstanding	22.89 B	610.3 M	1.56 B	14.95 B	1.96 B	579.95 M	3.2 B
Cash Flow From Operations	7.84 B	1.3 B	1.5 B	847.83 M	1.32 B	794 M	104.12 M
Total Debt	3.63 B	692.13 M	988.4 M	4.56 B	2.83 B	3.94 B	1.82 B
Return On Equity	0.33	17.2	2.89	-0.0529	13.94	15.56	-0.16
Z Score	N/A	N/A	N/A	32.8	20.4	13.2	21.0
Return On Asset	0.14	5.96	0.0909	-0.0109	6.06	10.88	-0.0556
Book Value Per Share	0.61 X	8.34 X	(0.41) X	1.11 X	2.12 X	(0.86) X	1.69 X
Total Asset	27.16 B	N/A	5.92 B	13.93 B	N/A	N/A	9.21 B
Debt To Equity	0.34 %	0.14 %	1.06 %	2.24 %	0.63 %	N/A	2.88 %
Last Dividend Paid	N/A	N/A	N/A	N/A	N/A	2.63	N/A
Shares Owned By Institutions	0.01 %	N/A	N/A	N/A	N/A	N/A	N/A
Market Capitalization	894.69 B	276.66 B	248.55 B	242.83 B	98.69 B	86.96 B	65.35 B
Price To Earning	58.01 X	70.23 X	54.01 X	15.09 X	35.41 X	32.74 X	N/A
Price To Earnings To Growth	1.47 X	N/A	2.02 X	1.91 X	N/A	N/A	9.78 X
Price To Sales	47.26 X	69.44 X	57.51 X	12.32 X	29.60 X	33.15 X	34.75 X
Net Income	4.76 B	807.79 M	606.8 M	166.28 M	584.19 M	728 M	(848.41 M)
Earnings Per Share	1.03 X	6.37 X	2.76 X	(0.03) X	1.41 X	4.58 X	(1.64) X
Revenue	17.61 B	3.98 B	3.34 B	17.66 B	3.33 B	2.62 B	1.3 B
Cash And Equivalents	5.77 B	1.46 B	2.94 B	5.6 B	1.42 B	1.24 B	2.69 B
Cash Per Share	0.24 X	2.39 X	17.98 X	12.17 X	0.70 X	2.14 X	20.29 X
Gross Profit	15.44 B	2.94 B	2.56 B	4.42 B	2.07 B	2.19 B	905.68 M
Day Typical Price	54.99	752.39	291.03	21.55	48.65	178.93	25.11
Accumulation Distribution	0.0707	0.006	0.0201	0.0636	N/A	N/A	0.0214
Market Facilitation Index	3.98	4.55	5.9	1.4	N/A	N/A	0.54
Daily Balance Of Power	0.0653	(1.45)	0.2678	0.2857	(9,223,372,036,855)	9.2 T	0.0556
Period Momentum Indicator	0.26	(6.59)	1.58	0.4	(0.25)	0.93	0.03
Rate Of Daily Change	1.0	0.99	1.01	1.02	0.99	1.01	1.0
Day Median Price	54.33	751.64	290.05	21.32	48.65	178.93	25.02
Price Action Indicator	2.12	(1.02)	3.74	0.9	(0.12)	0.47	0.28
Relative Strength Index	43.9	50.6	73.64	62.78	57.5	96.83	66.92
Coefficient Of Variation	4787.47	1394.18	424.0	520.43	1834.84	708.17	687.62
Mean Deviation	1.78	1.8	1.46	2.45	1.12	0.9205	1.64
Jensen Alpha	0.0253	0.1789	0.5168	0.6741	0.1166	0.4594	0.358
Total Risk Alpha	(0.03)	0.1094	0.4654	0.5747	0.0531	0.3741	0.2889
Sortino Ratio	0.007	0.0567	0.3167	0.2165	0.0289	N/A	0.1047
Downside Variance	8.42	8.35	2.57	9.08	11.43	N/A	10.41
Standard Deviation	2.52	2.73	2.29	3.56	2.38	3.39	2.55
Kurtosis	2.48	6.69	10.83	3.69	12.14	63.97	3.82
Potential Upside	3.6	4.1	4.53	6.14	3.77	0.5225	4.74
Treynor Ratio	0.0547	0.5938	0.93	44.08	0.8115	1.06	3.71
Maximum Drawdown	15.15	19.87	17.07	23.91	15.45	28.38	14.39
Variance	6.35	7.46	5.23	12.69	5.68	11.51	6.48
Market Risk Adjusted Performance	0.0647	0.6038	0.94	44.09	0.8215	1.07	3.72
Risk Adjusted Performance	0.0234	0.0639	0.1934	0.16	0.0499	0.1195	0.1221
Skewness	(0.94)	(1.07)	2.36	0.2526	(0.81)	7.95	(0.49)
Semi Deviation	2.8	2.64	0.8224	2.54	1.88	N/A	1.84
Information Ratio	0.0081	0.0599	0.2218	0.1831	0.041	0.1317	0.1328
Value At Risk	(5.05)	(3.31)	(1.99)	(3.47)	(1.71)	N/A	(3.19)
Expected Short fall	(1.78)	(1.99)	(2.41)	(3.27)	(2.60)	N/A	(3.21)
Downside Deviation	2.9	2.89	1.6	3.01	3.38	N/A	3.23
Semi Variance	7.82	6.95	0.6763	6.43	3.53	N/A	3.39

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.

Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Five steps to successful analysis of competition

Competitive analysis is the process of researching and evaluating the competitive landscape of a business entity. It provides an understanding of the company's strengths, weaknesses, opportunities, and threats (SWOT) in relation to its competition. The competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors across the sector or industry, 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 the competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats 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.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.

	FinTech Invested over 40 shares	Go
	Automobiles and Trucks Invested over 50 shares	Go
	Power Assets Invested over 200 shares	Go
	Driverless Cars Invested over 50 shares	Go
	Warren Buffett Holdings Invested few shares	Go
	Cash Cows Invested few shares	Go
	Impulse Invested few shares	Go
	Macroaxis Index Invested few shares	Go
	Semiconductor Invested few shares	Go
	Investing Invested few shares	Go

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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