Advanced Competitors
| WMS Stock | USD 135.29 2.06 1.55% |
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 Advanced Drainage competition on your existing holdings.
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Advanced Drainage Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Advanced Drainage 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 Advanced 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 Advanced Drainage Systems does not affect the price movement of the other competitor.
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High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Advanced Stock performing well and Advanced Drainage 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 Advanced Drainage'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APOG | 1.84 | 0.16 | 0.15 | 0.19 | 1.56 | 3.41 | 28.75 | |||
| AZEK | 1.35 | 0.21 | 0.12 | 0.33 | 1.39 | 3.48 | 8.77 | |||
| LII | 1.23 | 0.14 | 0.06 | 0.33 | 1.41 | 2.89 | 7.45 | |||
| ROCK | 1.46 | (0.07) | (0.01) | 0.07 | 1.66 | 2.88 | 7.69 | |||
| NX | 2.06 | 0.00 | (0.01) | 0.12 | 2.85 | 2.92 | 32.55 | |||
| JBI | 2.05 | (0.74) | 0.00 | (0.25) | 0.00 | 3.00 | 33.52 | |||
| TILE | 1.98 | 0.41 | 0.29 | 0.33 | 1.27 | 3.44 | 34.53 | |||
| PGTI | 1.33 | 0.13 | 0.00 | (0.70) | 1.38 | 2.49 | 9.02 | |||
| MAS | 0.88 | (0.03) | (0.07) | 0.06 | 1.13 | 1.64 | 5.78 |
Cross Equities Net Income Analysis
Compare Advanced Drainage Systems and related stocks such as Apogee Enterprises, Azek Company, and Lennox International Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APOG | 8.2 M | 19.1 M | 19.1 M | 28 M | 50.5 M | 85.8 M | 85.8 M | 79.5 M | 45.7 M | 15.4 M | 15.4 M | 3.5 M | 104.1 M | 99.6 M | 104.6 M |
| AZEK | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | (67.4 M) | 6.7 M | (20.2 M) | (122.2 M) | 88.9 M | 67.2 M | 68 M | 153.4 M | 161 M |
| LII | 52.5 M | 88.3 M | 90 M | 171.8 M | 205.8 M | 186.6 M | 277.8 M | 305.7 M | 359 M | 408.7 M | 356.3 M | 464 M | 497.1 M | 590.1 M | 619.6 M |
| ROCK | 5.2 M | 16.5 M | 12.6 M | (5.6 M) | (81.8 M) | 23.4 M | 33.7 M | 62.6 M | 63.8 M | 65.1 M | 64.6 M | 75.6 M | 82.4 M | 110.5 M | 116.1 M |
| NX | 18.9 M | (16.5 M) | (11.7 M) | 29.2 M | 16.1 M | (1.9 M) | 18.7 M | 26.3 M | (46.7 M) | 38.5 M | 57 M | 88.3 M | 82.5 M | 74.3 M | 78 M |
| JBI | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 5.2 M | 56.8 M | 43.8 M | 107.7 M | 135.7 M | 142.5 M |
| TILE | 6 M | 38.7 M | 5.9 M | 48.3 M | 24.8 M | 72.4 M | 54.2 M | 53.2 M | 50.3 M | 79.2 M | (71.9 M) | 55.2 M | 19.6 M | 44.5 M | 46.7 M |
| MAS | 164.5 M | (575 M) | (114 M) | 272 M | 856 M | 355 M | 491 M | 533 M | 734 M | 684 M | 862 M | 410 M | 844 M | 908 M | 953.4 M |
| TT | 79.6 M | 343.2 M | 1 B | 618.8 M | 931.7 M | 664.6 M | 1.5 B | 1.3 B | 1.3 B | 1.4 B | 854.9 M | 1.4 B | 1.8 B | 2 B | 2.1 B |
| JELD | (68.4 M) | (68.4 M) | (68.4 M) | (68.4 M) | (84.1 M) | 90.9 M | 357.5 M | 10.8 M | 144.3 M | 62.9 M | 91.6 M | 168.8 M | 45.7 M | 62.4 M | 88.2 M |
Advanced Drainage Systems and related stocks such as Apogee Enterprises, Azek Company, and Lennox International Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Advanced Drainage Systems financial statement analysis. It represents the amount of money remaining after all of Advanced Drainage Systems operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Advanced Drainage Competitive Analysis
The better you understand Advanced Drainage competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Advanced Drainage'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 Advanced Drainage'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 |
Advanced Drainage Competition Performance Charts
Five steps to successful analysis of Advanced Drainage Competition
Advanced Drainage'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 Advanced Drainage Systems in relation to its competition. Advanced Drainage's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Advanced Drainage 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 Advanced Drainage's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Advanced Drainage Systems, 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 Advanced Drainage position
In addition to having Advanced Drainage 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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FinTech
High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking. The FinTech theme has 81 constituents at this time.
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Additional Tools for Advanced Stock Analysis
When running Advanced Drainage's price analysis, check to measure Advanced Drainage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advanced Drainage is operating at the current time. Most of Advanced Drainage's value examination focuses on studying past and present price action to predict the probability of Advanced Drainage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Drainage's price. Additionally, you may evaluate how the addition of Advanced Drainage to your portfolios can decrease your overall portfolio volatility.