Newcor Competitors

Summary

Newcor Inc competes with MYR, Estee Lauder, KNOT Offshore, Lincoln Electric, and Toro; as well as few others. Analyzing Newcor 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 Newcor to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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 Newcor competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newcor'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.

Newcor Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Newcor and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Newcor 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 Newcor Inc does not affect the price movement of the other competitor.

	MYRG	EL	KNOP	UNMK	LECO	TTC	PH	PKOH
MYRG		-0.68	-0.86	0.0	0.73	0.2	0.81	0.37	MYRG
EL	-0.68		0.6	0.0	-0.67	0.2	-0.73	-0.42	EL
KNOP	-0.86	0.6		0.0	-0.46	0.06	-0.5	0.02	KNOP
UNMK	0.0	0.0	0.0		0.0	0.0	0.0	0.0	UNMK
LECO	0.73	-0.67	-0.46	0.0		0.37	0.92	0.83	LECO
TTC	0.2	0.2	0.06	0.0	0.37		0.34	0.42	TTC
PH	0.81	-0.73	-0.5	0.0	0.92	0.34		0.8	PH
PKOH	0.37	-0.42	0.02	0.0	0.83	0.42	0.8		PKOH
	MYRG	EL	KNOP	UNMK	LECO	TTC	PH	PKOH

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High positive correlations

PH	+ 0.92	LECO
PKOH	+ 0.83	LECO
PH	+ 0.81	MYRG
PKOH	+ 0.8	PH
LECO	+ 0.73	MYRG
KNOP	+ 0.6	EL

High negative correlations

KNOP	- 0.86	MYRG
PH	- 0.73	EL
EL	- 0.68	MYRG
LECO	- 0.67	EL
PH	- 0.5	KNOP
LECO	- 0.46	KNOP

Risk-Adjusted Indicators

There is a big difference between Newcor Stock performing well and Newcor 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 Newcor'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
MYRG	2.00	0.62	0.32	0.66	1.51	(2.52)	5.84	(3.02)	19.36
EL	2.06	(0.15)	0.00	(0.14)	0.00	0.00	4.80	(3.64)	30.90
KNOP	1.29	(0.31)	0.00	(0.89)	0.00	0.00	2.36	(2.69)	5.97
UNMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LECO	1.36	0.00	0.02	0.02	1.31	(1.72)	3.01	(1.89)	10.97
TTC	1.11	(0.10)	0.00	(0.08)	0.00	0.00	2.23	(2.22)	7.71
PH	0.89	0.02	0.03	0.04	1.00	(1.04)	1.81	(1.56)	11.90
PKOH	1.65	(0.16)	0.00	(0.04)	0.00	0.00	2.61	(4.12)	19.93

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All Fundamental Data

Newcor Competitive Analysis

The better you understand Newcor competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Newcor'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 Newcor'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

	MYRG	EL	KNOP	UNMK	LECO	TTC	PH	PKOH
	0.65 152.30 MYR	0.44 75.08 Estee	0.91 5.43 KNOT	0.00 0.08 Tritent	0.23 190.00 Lincoln	0.80 80.85 Toro	1.07 652.57 Parker	1.19 26.26 Park
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Very Weak	Very Weak	Very Weak	Weak	Very Weak	Insignificant	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Very Small	Low	Below Average	Above Average	Very Small	Very Low	Low	Very Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Over Valued	Under Valued	Under Valued	Over Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Buy	Strong Buy	Not Available	Buy	Buy	Strong Buy	Hold
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Hold	Strong Hold	Strong Sell	Strong Hold	Strong Hold	Buy	Hold
Current Ratio	1.43 X	1.68 X	0.94 X	N/A	1.62 X	1.59 X	2.06 X	2.37 X
Net Asset	1.58 B	21.68 B	1.6 B	1.71 M	3.38 B	3.58 B	29.3 B	1.34 B
Profit Margin	0.01 %	0.01 %	0.01 %	N/A	0.12 %	0.09 %	0.14 %	0.01 %
EBITDA	189.08 M	1.98 B	144.64 M	N/A	824.67 M	702.9 M	5.03 B	118.3 M
Operating Margin	0.02 %	0.04 %	0.24 %	N/A	0.17 %	0.14 %	0.20 %	0.06 %
Current Valuation	2.55 B	34.35 B	1.06 B	(600.26 K)	11.56 B	8.96 B	93.13 B	1.01 B
Price To Book	4.11 X	5.25 X	0.32 X	N/A	7.99 X	5.23 X	6.46 X	1.08 X
Retained Earnings	492.53 M	13.43 B	N/A	(2.9 M)	3.69 B	1.5 B	19.1 B	240.1 M
Current Asset	303.37 M	4.22 B	27.43 M	9 K	936 M	779.01 M	5.21 B	549.6 M
Five Year Return	N/A	0.89 %	12.03 %	N/A	1.82 %	1.21 %	1.61 %	1.86 %
Beta	0.89	1.04	0.72	-13.72	1.15	0.69	1.43	1.16
Number Of Employees	9 K	44.02 K	1	5	12 K	10.71 K	61.12 K	6.3 K
Shares Outstanding	16.12 M	233.44 M	34.05 M	3.39 M	56.43 M	101.18 M	128.72 M	14.04 M
Cash Flow From Operations	71.02 M	2.36 B	131.64 M	(214.62 K)	667.54 M	569.9 M	3.38 B	50.5 M
Annual Yield	N/A	0.02 %	0.02 %	N/A	0.02 %	0.02 %	0.01 %	0.02 %
Total Debt	73.61 M	9.83 B	958.91 M	N/A	1.16 B	1.01 B	10.56 B	687.8 M
Return On Equity	0.0632	0.0386	0.0032	N/A	0.38	0.26	0.25	0.13
Z Score	N/A	N/A	N/A	-1.4	N/A	N/A	N/A	N/A
Return On Asset	0.022	0.0457	0.0298	N/A	0.12	0.0919	0.0855	0.0422
Number Of Shares Shorted	737.97 K	7.22 M	365.41 K	N/A	897.25 K	4.99 M	1.29 M	160.43 K
Book Value Per Share	36.50 X	14.16 X	14.97 X	0.18 X	23.73 X	15.88 X	100.15 X	25.14 X
Current Liabilities	179.74 M	2.68 B	66.69 M	1.38 M	370.12 M	463.84 M	2.37 B	225.2 M
Total Asset	1.58 B	21.68 B	1.6 B	1.71 M	3.38 B	3.58 B	29.3 B	1.34 B
Debt To Equity	0.23 %	1.21 %	1.47 %	N/A	0.97 %	0.88 %	1.31 %	2.31 %
Short Ratio	2.75 X	1.10 X	6.12 X	N/A	2.97 X	8.27 X	1.85 X	4.37 X
Target Price	181.33	82.9	12.5	N/A	222.67	93.2	741.41	31.0
Last Dividend Paid	N/A	2.64	N/A	N/A	2.84	N/A	6.22	0.5
Shares Owned By Institutions	96.24 %	90.08 %	28.10 %	N/A	80.10 %	92.56 %	83.80 %	50.81 %
Market Capitalization	2.42 B	26.83 B	188.31 M	169.39 K	10.7 B	8.12 B	83.31 B	364.39 M
Price To Earning	23.54 X	36.55 X	8.08 X	N/A	39.83 X	32.76 X	24.97 X	25.13 X
Price To Earnings To Growth	4.91 X	1.12 X	10.45 X	N/A	1.78 X	1.34 X	2.72 X	1.09 X
Price To Sales	0.68 X	1.74 X	0.64 X	N/A	2.64 X	1.81 X	4.17 X	0.22 X
Net Income	90.99 M	409 M	(34.33 M)	(214.62 K)	545.25 M	418.9 M	2.84 B	33 M
Earnings Per Share	2.23 X	0.56 X	(0.61) X	N/A	8.38 X	4.01 X	22.20 X	3.34 X
Shares Owned By Insiders	2.41 %	0.43 %	28.64 %	N/A	1.68 %	0.61 %	0.25 %	32.66 %
Revenue	3.64 B	15.61 B	290.72 M	N/A	4.19 B	4.58 B	19.93 B	1.66 B
Working Capital	279.04 M	2.22 B	(37.8 M)	(1.37 M)	938.5 M	850.2 M	(514.68 M)	460.8 M
Cash And Equivalents	35.77 M	4.03 B	88.47 M	1.7 M	152.8 M	188.25 M	475.18 M	61.1 M
Cash Per Share	2.15 X	8.23 X	2.53 X	0.24 X	2.64 X	2.22 X	4.39 X	5.10 X
Gross Profit	343.96 M	13.43 B	178.98 M	N/A	1.28 B	1.58 B	6.57 B	210.5 M
Day Typical Price	152.08	74.97	5.45	0.082	189.75	80.7	650.26	26.25
Accumulation Distribution	1381.27	0.0044	628.12	N/A	3465.85	0.0104	0.0106	572.03
Market Facilitation Index	0.0	0.33	0.0	N/A	0.0	0.84	6.92	1.0E-4
Daily Balance Of Power	(0.37)	1.0	(0.62)	0.0	0.135	0.7619	1.0	0.3523
Period Momentum Indicator	(1.00)	0.33	(0.05)	N/A	0.44	0.64	6.92	0.31
Rate Of Daily Change	0.99	1.0	0.99	1.0	1.0	1.01	1.01	1.01
Day Median Price	151.97	74.91	5.46	0.082	189.63	80.63	649.11	26.24
Price Action Indicator	(0.16)	0.33	(0.06)	N/A	0.59	0.54	6.92	0.18
Coefficient Of Variation	445.41	(3,018)	(527.90)	N/A	3314.65	(2,071)	2230.33	(2,818)
Mean Deviation	2.0	2.06	1.29	N/A	1.36	1.11	0.8898	1.65
Jensen Alpha	0.6191	(0.15)	(0.31)	N/A	0.0031	(0.10)	0.0246	(0.16)
Total Risk Alpha	0.5568	(0.23)	(0.35)	N/A	(0.01)	(0.12)	0.0131	(0.18)
Sortino Ratio	0.3216	N/A	N/A	N/A	0.0157	N/A	0.0311	N/A
Downside Variance	3.7	N/A	N/A	N/A	1.9	N/A	1.14	N/A
Standard Deviation	2.9	3.6	1.57	N/A	1.82	1.44	1.48	2.62
Kurtosis	5.66	17.26	(0.53)	N/A	2.83	0.8268	16.4	16.51
Potential Upside	5.84	4.8	2.36	N/A	3.01	2.23	1.81	2.61
Treynor Ratio	0.6584	(0.14)	(0.89)	N/A	0.0249	(0.08)	0.0411	(0.04)
Maximum Drawdown	19.36	30.9	5.97	N/A	10.97	7.71	11.9	19.93
Variance	8.43	12.93	2.45	N/A	3.3	2.07	2.19	6.86
Market Risk Adjusted Performance	0.6684	(0.13)	(0.88)	N/A	0.0349	(0.07)	0.0511	(0.03)
Risk Adjusted Performance	0.1852	(0.02)	(0.15)	N/A	0.0295	(0.03)	0.0402	(0.02)
Skewness	1.61	(2.52)	0.307	N/A	1.22	(0.44)	2.8	2.77
Semi Deviation	1.51	N/A	N/A	N/A	1.31	N/A	1.0	N/A
Information Ratio	0.2131	(0.04)	(0.21)	N/A	0.0119	(0.07)	0.0224	(0.05)
Value At Risk	(3.02)	(3.64)	(2.69)	N/A	(1.89)	(2.22)	(1.56)	(4.12)
Expected Short fall	(2.52)	N/A	N/A	N/A	(1.72)	N/A	(1.04)	N/A
Downside Deviation	1.92	N/A	N/A	N/A	1.38	N/A	1.07	N/A
Semi Variance	2.27	N/A	N/A	N/A	1.71	N/A	1.01	N/A

Newcor Competition Performance Charts

Five steps to successful analysis of Newcor Competition

Newcor'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 Newcor Inc in relation to its competition. Newcor's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Newcor 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 Newcor's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Newcor Inc, 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 Newcor position

In addition to having Newcor 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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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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Other Consideration for investing in Newcor Stock

If you are still planning to invest in Newcor Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Newcor's history and understand the potential risks before investing.

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