Patterson-UTI Competitors
| PE1 Stock | EUR 7.90 0.05 0.64% |
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Patterson-UTI |
Patterson-UTI Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Patterson-UTI Energy 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 Patterson-UTI 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 Patterson UTI Energy does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Patterson-UTI Stock performing well and Patterson-UTI Energy 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 Patterson-UTI Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PE1 | 2.24 | (0.12) | (0.04) | (0.01) | 2.46 | 4.27 | 13.18 | |||
| PRE1 | 1.72 | (0.13) | 0.00 | 1.30 | 0.00 | 4.27 | 11.79 | |||
| 6SD | 4.40 | (0.64) | 0.00 | (0.83) | 0.00 | 6.15 | 26.61 | |||
| 4DS | 1.72 | 0.07 | (0.02) | (0.26) | 2.55 | 4.88 | 15.08 |
Patterson-UTI Energy Competitive Analysis
The better you understand Patterson-UTI Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Patterson-UTI Energy'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 Patterson-UTI Energy'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 |
Patterson-UTI Energy Competition Performance Charts
Five steps to successful analysis of Patterson-UTI Energy Competition
Patterson-UTI Energy'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 Patterson UTI Energy in relation to its competition. Patterson-UTI Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Patterson-UTI Energy 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 Patterson-UTI Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Patterson UTI Energy, 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 Patterson-UTI Energy position
In addition to having Patterson-UTI Energy 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.Did You Try This Idea?
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Airlines
Domestic and international airlines and airline services. The Airlines theme has 38 constituents at this time.
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Additional Information and Resources on Investing in Patterson-UTI Stock
When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson-UTI Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:Check out Patterson-UTI Energy Correlation with its peers. For more detail on how to invest in Patterson-UTI Stock please use our How to Invest in Patterson-UTI Energy guide.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.