ASX Competitors
ASXFY Stock | USD 43.46 0.51 1.19% |
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 ASX Limited competition on your existing holdings.
ASX |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ASX Limited'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.
ASX Limited Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ASX Limited and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of ASX 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 ASX Limited ADR does not affect the price movement of the other competitor.
SPGI | ICE | CME | MCO | HKXCF | HKXCY | LNSTY | LDNXF | MSCI | NDAQ | ||
SPGI | -0.64 | -0.52 | 0.55 | -0.29 | -0.09 | -0.38 | -0.33 | 0.46 | -0.26 | SPGI | |
ICE | -0.64 | 0.85 | -0.03 | 0.13 | -0.16 | 0.17 | 0.05 | 0.08 | 0.32 | ICE | |
CME | -0.52 | 0.85 | 0.03 | 0.27 | 0.0 | 0.31 | 0.21 | 0.05 | 0.4 | CME | |
MCO | 0.55 | -0.03 | 0.03 | -0.3 | -0.27 | 0.18 | 0.13 | 0.53 | 0.41 | MCO | |
HKXCF | -0.29 | 0.13 | 0.27 | -0.3 | 0.71 | 0.0 | -0.03 | -0.19 | -0.2 | HKXCF | |
HKXCY | -0.09 | -0.16 | 0.0 | -0.27 | 0.71 | -0.03 | 0.0 | -0.1 | -0.22 | HKXCY | |
LNSTY | -0.38 | 0.17 | 0.31 | 0.18 | 0.0 | -0.03 | 0.96 | -0.42 | 0.86 | LNSTY | |
LDNXF | -0.33 | 0.05 | 0.21 | 0.13 | -0.03 | 0.0 | 0.96 | -0.44 | 0.78 | LDNXF | |
MSCI | 0.46 | 0.08 | 0.05 | 0.53 | -0.19 | -0.1 | -0.42 | -0.44 | -0.13 | MSCI | |
NDAQ | -0.26 | 0.32 | 0.4 | 0.41 | -0.2 | -0.22 | 0.86 | 0.78 | -0.13 | NDAQ | |
SPGI | ICE | CME | MCO | HKXCF | HKXCY | LNSTY | LDNXF | MSCI | NDAQ |
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ASX Pink Sheet performing well and ASX Limited 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 ASX Limited'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SPGI | 0.73 | (0.15) | 0.00 | (0.04) | 0.00 | 1.06 | 7.00 | |||
ICE | 0.71 | 0.02 | 0.01 | 0.14 | 0.59 | 1.89 | 6.07 | |||
CME | 0.80 | 0.02 | (0.06) | 0.20 | 1.10 | 1.78 | 6.03 | |||
MCO | 0.91 | (0.18) | (0.05) | 0.02 | 1.75 | 1.80 | 10.62 | |||
HKXCF | 1.76 | (0.23) | 0.00 | (0.05) | 0.00 | 4.96 | 13.57 | |||
HKXCY | 1.60 | (0.32) | 0.00 | (0.11) | 0.00 | 2.88 | 9.94 | |||
LNSTY | 0.69 | (0.02) | (0.10) | 0.08 | 0.79 | 1.33 | 3.85 | |||
LDNXF | 0.97 | (0.03) | (0.08) | 0.05 | 1.23 | 2.14 | 5.31 | |||
MSCI | 1.18 | (0.13) | (0.09) | 0.00 | 1.31 | 2.22 | 11.78 | |||
NDAQ | 0.85 | 0.05 | 0.03 | 0.18 | 0.86 | 1.86 | 6.13 |
ASX Limited Competitive Analysis
The better you understand ASX Limited competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ASX Limited'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 ASX Limited'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 |
ASX Limited Competition Performance Charts
Five steps to successful analysis of ASX Limited Competition
ASX Limited'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 ASX Limited ADR in relation to its competition. ASX Limited's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of ASX Limited 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 ASX Limited's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ASX Limited ADR, 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 ASX Limited position
In addition to having ASX Limited 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?
Run Exotic Funds Thematic Idea Now
Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 45 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 Exotic Funds Theme or any other thematic opportunities.
View All Next | Launch |
Check out ASX Limited Correlation with its peers.Note that the ASX Limited ADR information on this page should be used as a complementary analysis to other ASX Limited's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for ASX Pink Sheet analysis
When running ASX Limited's price analysis, check to measure ASX Limited'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 ASX Limited is operating at the current time. Most of ASX Limited's value examination focuses on studying past and present price action to predict the probability of ASX Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASX Limited's price. Additionally, you may evaluate how the addition of ASX Limited to your portfolios can decrease your overall portfolio volatility.
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities |