New Competitors

Delisted . USA . 
Stock . New Relic
NEWRDelisted Stock  USD 71.64  0.17  0.24%   
New Relic competes with Dlocal, StoneCo, Nutanix, PagSeguro Digital, and Uipath; as well as few others. The company conducts business under Software sector and is part of Information Technology industry. Analyzing New Relic 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 New Relic 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 housing.
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 New Relic competition on your existing holdings.
  
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Relic'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.
Hype
Prediction
LowEstimatedHigh
71.6471.6471.64
Details
Intrinsic
Valuation
LowRealHigh
62.3062.3078.80
Details
Naive
Forecast
LowNextHigh
68.5268.5268.52
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
70.0671.5372.99
Details

New Relic Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between New Relic 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 New 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 New Relic does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
PANW
+ 0.89
NTNX
ZS
+ 0.89
PANW
PAGS
+ 0.86
STNE
VMW
+ 0.85
DLO
PANW
+ 0.84
VMW
SPLK
+ 0.82
VMW
  
High negative correlations   
SPLK
- 0.73
EGIO
SPLK
- 0.72
PAGS
VMW
- 0.67
STNE
VMW
- 0.66
PAGS
STNE
- 0.61
DLO
SPLK
- 0.6
STNE

Risk-Adjusted Indicators

There is a big difference between New Stock performing well and New Relic 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 New Relic'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
DLO  2.29  0.40  0.13  0.81  2.17 
(2.49)
 6.30 
(3.98)
 15.87 
STNE  2.24 (0.63) 0.00 (0.29) 0.00 
 0.00 
 4.35 
(6.42)
 15.16 
NTNX  1.99  0.18  0.11  0.24  2.01 
(2.40)
 3.95 
(3.15)
 28.12 
EGIO  4,041  2,373  41.01 (1.06) 52.53 
(7,045)
 300.00 
(92.65)
 100,000 
PAGS  1.79 (0.69) 0.00 (0.66) 0.00 
 0.00 
 3.17 
(4.94)
 11.66 
VMW  1.27  0.32  0.18  1.36  0.90 
(1.54)
 4.04 
(2.18)
 7.26 
SPLK  1.63  0.20  0.03 (1.43) 1.70 
(1.91)
 4.36 
(3.33)
 10.70 
PATH  1.89 (0.06) 0.03  0.10  2.49 
(1.95)
 4.52 
(3.82)
 12.04 
PANW  1.40  0.00  0.02  0.13  1.89 
(1.39)
 2.45 
(3.03)
 9.85 
ZS  1.92 (0.03) 0.00  0.10  3.80 
(1.91)
 3.73 
(3.37)
 20.36 
All Fundamental Data

New Relic Competitive Analysis

The better you understand New Relic competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, New Relic'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 New Relic'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
NEWR DLO STNE NTNX EGIO PAGS VMW SPLK PATH PANW
 0.24 
 71.64 
New
 0.35 
 11.44 
Dlocal
 8.93 
 9.48 
StoneCo
 2.13 
 65.28 
Nutanix
 0.00 
 0.02 
Edgio
 5.66 
 7.34 
PagSeguro
 0.02 
 160.43 
VMware
 1.55 
 103.58 
Splunk
 0.85 
 14.21 
Uipath
 0.90 
 387.82 
Palo
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Somewhat reliable
Very steady
Out of control
Somewhat reliable
Very steady
Very steady
Not too volatile
Very steady
Market Performance
(90 Days Performance)
Very Weak
Good
Very Weak
Insignificant
Solid
Very Weak
Very Weak
Very Weak
Modest
Modest
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Very Low
Very Low
Very Low
Quite High
Very Low
Dangerous
Dangerous
Low
Very Small
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Under Valued
Over Valued
Under Valued
Under Valued
Over Valued
Over Valued
Under Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Buy
Strong Buy
Strong Buy
Hold
Strong Buy
Not Available
Not Available
Buy
Strong Buy
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Buy
Strong Sell
Hold
Not Rated
Cautious Hold
Not Rated
Not Rated
Strong Hold
Cautious Hold
Current Ratio
1.09
1.8
1.27
1.44
2.08
1.38
0.7
1.63
4.58
0.77
Net Asset
1.42 B
1.08 B
48.69 B
2.14 B
542.38 M
55.11 B
31.24 B
6.69 B
2.95 B
19.99 B
Profit Margin
-0.15
0.16
0.17
-0.0581
-0.35
0.11
0.1
0.0626
-0.0813
0.32
EBITDA
(107.61 M)
184.21 M
3.54 B
172.72 M
(74.24 M)
6.72 B
3.27 B
445.3 M
(141.7 M)
1.28 B
Operating Margin
-0.0087
0.22
0.45
0.0079
-0.24
0.34
0.17
0.33
-0.29
0.12
Current Valuation
5.82 B
2.58 B
2.76 B
17.48 B
106.01 M
7.87 B
66.15 B
27.7 B
6.09 B
123.75 B
Price To Book
13.24
7.12
1.18
N/A
8.0E-4
0.98
65.74
35.71
4.23
21.33
Retained Earnings
(963.55 M)
369.61 M
1.17 B
(4.85 B)
(573.04 M)
7.89 B
439 M
(3.52 B)
(1.91 B)
1.35 B
Current Asset
229.95 M
N/A
N/A
329.86 M
N/A
4.72 B
9.36 B
1.22 B
23.02 M
1.77 B
Beta
0.84
0.74
2.29
1.17
0.48
1.95
0.83
1.0
0.87
1.12
Number Of Employees
2.38 K
901
N/A
7.15 K
822
N/A
38.3 K
38
4.04 K
15.29 K
Shares Outstanding
71.02 M
151.12 M
278.03 M
267.84 M
5.86 M
191.53 M
431.79 M
168.54 M
467.5 M
328.1 M
Cash Flow From Operations
53.77 M
293.45 M
1.65 B
672.93 M
(38.97 M)
4 B
4.3 B
1.01 B
299.08 M
3.26 B
Annual Yield
N/A
N/A
N/A
N/A
N/A
N/A
0.0536
N/A
N/A
N/A
Total Debt
549.36 M
3.96 M
5.52 B
684.6 M
156.5 M
16.38 B
11.29 B
3.26 B
67.07 M
1.41 B
Return On Equity
-0.34
0.27
0.14
N/A
-0.63
0.15
1.06
0.84
-0.0589
0.75
Z Score
6.33
N/A
N/A
N/A
N/A
N/A
3.98
5.13
N/A
N/A
Return On Asset
-0.0339
0.0822
0.0731
0.0069
-0.14
0.0665
0.0454
0.0339
-0.0421
0.0322
Number Of Shares Shorted
1.88 M
13.02 M
17.19 M
5.29 M
321.57 K
21.01 M
10.22 M
4.85 M
27.2 M
11.55 M
Book Value Per Share
5.46
1.54
51.47
-2.75
27.24
45.49
5.9
4.38
3.27
15.9
Current Liabilities
93.2 M
N/A
N/A
212.76 M
N/A
2.92 B
4.13 B
497.77 M
3.17 M
846.8 M
Total Asset
1.42 B
1.08 B
48.69 B
2.14 B
542.38 M
55.11 B
31.24 B
6.69 B
2.95 B
19.99 B
Debt To Equity
1.71
0.054
0.47
967.9
0.41
0.12
N/A
N/A
0.026
N/A
Short Ratio
1.21
8.85
4.32
3.34
7.23
4.78
3.09
2.72
4.05
4.75
Target Price
86.3
11.0
92.23
81.82
30.0
78.28
165.9
150.36
15.53
409.89
Shares Owned By Institutions
84.62
70.78
74.8
85.39
41.05
85.89
49.64
87.96
65.0
80.76
Market Capitalization
6.18 B
3.25 B
2.81 B
17.86 B
6.5 M
2.29 B
61.52 B
26.44 B
7.75 B
127.24 B
Price To Earning
-44.88
65.3
20.65
-6.76
N/A
13.65
36.14
-31.35
-1.36
-55.17
Price To Earnings To Growth
224.36
1.0
14.09
2.24
-9.27
18.84
1.94
1.81
0.94
2.77
Price To Sales
4.76
4.46
0.23
8.31
0.0161
0.13
3.97
6.27
5.6
15.85
Net Income
(178.83 M)
178.51 M
1.6 B
(124.78 M)
(141.65 M)
2.02 B
1.31 B
263.73 M
(89.88 M)
2.58 B
Earnings Per Share
-2.09
0.4
1.1
-0.34
-26.0
1.07
3.32
1.52
-0.2
7.73
Shares Owned By Insiders
11.4
12.28
4.0
0.47
3.74
0.4
36.15
0.44
7.0
0.86
Revenue
925.63 M
650.35 M
11.36 B
2.15 B
403.59 M
15.68 B
13.35 B
4.22 B
1.31 B
8.03 B
Working Capital
158.42 M
390.8 M
8.01 B
236.95 M
42.86 M
14.3 B
(2.16 B)
863 M
1.87 B
(833 M)
Cash And Equivalents
867.32 M
468.09 M
5.06 B
1.32 B
77.33 M
1.19 B
5.1 B
1.74 B
1.72 B
3.63 B
Cash Per Share
12.89
1.54
16.18
5.83
0.35
3.64
9.35
10.72
3.13
12.15
Gross Profit
529.24 M
130.44 M
6.67 B
1.53 B
82.86 M
7.69 B
10.89 B
2.84 B
879.96 M
3.78 B
Day Typical Price
71.23
11.43
9.46
66.15
0.02
7.34
160.43
103.97
14.16
386.83
Accumulation Distribution
0.0256
18944.99
349590.0
80855.41
N/A
263046.0
0.0099
0.0242
71100.74
15440.12
Market Facilitation Index
1.84
N/A
N/A
0.0
N/A
N/A
1.59
2.55
N/A
0.0
Daily Balance Of Power
(0.09)
0.1429
(2.45)
(0.51)
0.0
(1.52)
0.0252
(0.64)
0.48
0.599
Period Momentum Indicator
(0.17)
0.04
(0.93)
(1.42)
N/A
(0.44)
0.04
(1.63)
0.12
3.45
Rate Of Daily Change
1.0
1.0
0.91
0.98
1.0
0.94
1.0
0.98
1.01
1.01
Day Median Price
71.02
11.43
9.45
66.59
0.02
7.35
160.43
104.17
14.14
386.34
Price Action Indicator
0.54
0.03
(0.43)
(2.02)
N/A
(0.23)
0.025
(1.40)
0.14
3.2
Relative Strength Index
44.37
43.24
51.36
74.52
22.13
42.41
68.7
60.33
59.79
73.62
Coefficient Of Variation
(16,721)
657.16
(764.25)
862.62
605.06
(428.29)
477.98
1148.85
1166.45
1079.59
Mean Deviation
1.58
2.29
2.24
1.99
4040.78
1.79
1.27
1.63
1.89
1.4
Jensen Alpha
(0.09)
0.3971
(0.63)
0.1792
2373.02
(0.69)
0.315
0.2029
(0.06)
(0.000085)
Total Risk Alpha
(0.40)
(0.06)
(0.98)
(0.18)
(21.26)
(0.98)
0.0623
(0.19)
(0.21)
(0.15)
Sortino Ratio
N/A
0.1307
N/A
0.1071
41.01
N/A
0.1758
0.03
0.0288
0.0163
Downside Variance
N/A
6.92
N/A
5.5
2667.86
N/A
1.57
3.82
7.44
4.03
Standard Deviation
2.28
3.16
3.26
3.35
12815.99
2.43
1.71
2.26
2.52
1.84
Kurtosis
8.0
2.74
2.68
18.9
54.41
1.25
0.9088
0.9167
0.5912
0.9102
Potential Upside
2.68
6.3
4.35
3.95
300.0
3.17
4.04
4.36
4.52
2.45
Treynor Ratio
(0.05)
0.8098
(0.29)
0.2421
(1.06)
(0.66)
1.36
(1.43)
0.0977
0.1275
Maximum Drawdown
18.35
15.87
15.16
28.12
99999.7
11.66
7.26
10.7
12.04
9.85
Variance
5.22
10.01
10.64
11.25
1.6424964401E8
5.91
2.92
5.09
6.36
3.38
Market Risk Adjusted Performance
(0.04)
0.8198
(0.28)
0.2521
(1.05)
(0.65)
1.37
(1.42)
0.1077
0.1375
Risk Adjusted Performance
0.0021
0.1239
(0.09)
0.0963
0.1363
(0.17)
0.1655
0.0732
0.0725
0.0767
Skewness
1.0
1.07
(0.11)
3.07
7.21
(0.49)
0.8356
0.2782
(0.20)
(0.14)
Semi Deviation
N/A
2.17
N/A
2.01
52.53
N/A
0.9048
1.7
2.49
1.89
Information Ratio
(0.07)
0.1087
(0.17)
0.0749
0.1653
(0.29)
0.1287
0.026
0.0311
0.0178
Value At Risk
(3.35)
(3.98)
(6.42)
(3.15)
(92.65)
(4.94)
(2.18)
(3.33)
(3.82)
(3.03)
Expected Short fall
N/A
(2.49)
N/A
(2.40)
(7,045)
N/A
(1.54)
(1.91)
(1.95)
(1.39)
Downside Deviation
N/A
2.63
N/A
2.34
51.65
N/A
1.25
1.95
2.73
2.01
Semi Variance
N/A
4.72
N/A
4.06
2759.28
N/A
0.8187
2.87
6.22
3.56

New Relic Competition Performance Charts

Five steps to successful analysis of New Relic Competition

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

In addition to having New Relic 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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Hotels
Hotels Theme
Hotels, inns, motels, and other companies providing lodging and hospitality services. The Hotels theme has 39 constituents at this time.
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 Hotels Theme or any other thematic opportunities.
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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 housing.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Consideration for investing in New Stock

If you are still planning to invest in New Relic 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 New Relic's history and understand the potential risks before investing.
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