Opko Competitors
| OPK Stock | 596.00 40.40 7.27% |
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 Opko Health competition on your existing holdings.
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Opko Health Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Opko Health 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 Opko 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 Opko Health does not affect the price movement of the other competitor.
| -0.6 | -0.24 | -0.42 | -0.64 | TEVA | ||
| -0.6 | 0.53 | 0.44 | 0.76 | TSEM | ||
| -0.24 | 0.53 | 0.55 | 0.53 | NICE | ||
| -0.42 | 0.44 | 0.55 | 0.77 | KMDA | ||
| -0.64 | 0.76 | 0.53 | 0.77 | ESLT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Opko Stock performing well and Opko Health 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 Opko Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TEVA | 1.25 | (0.06) | 0.00 | (0.97) | 0.00 | 3.08 | 8.75 | |||
| TSEM | 1.71 | 0.39 | 0.11 | (0.69) | 1.81 | 3.52 | 14.22 | |||
| NICE | 2.03 | 0.17 | 0.01 | (0.30) | 3.16 | 4.35 | 21.85 | |||
| KMDA | 1.17 | 0.07 | (0.01) | (2.04) | 1.41 | 2.89 | 9.24 | |||
| ESLT | 1.24 | 0.34 | 0.19 | 9.30 | 0.97 | 4.09 | 8.80 |
Opko Health Competitive Analysis
The better you understand Opko Health competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Opko Health'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 Opko Health'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 |
Opko Health Competition Performance Charts
Five steps to successful analysis of Opko Health Competition
Opko Health'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 Opko Health in relation to its competition. Opko Health's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Opko Health 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 Opko Health's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Opko Health, 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.
Complement your Opko Health position
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Additional Information and Resources on Investing in Opko Stock
When determining whether Opko Health is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Opko Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Opko Health Stock. Highlighted below are key reports to facilitate an investment decision about Opko Health Stock:Check out Opko Health Correlation with its peers. For information on how to trade Opko Stock refer to our How to Trade Opko Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.