Columbus Competitors
| CMCO Stock | USD 22.90 0.14 0.62% |
Columbus McKinnon vs Covenant Logistics Correlation
Almost no diversification
The correlation between Columbus McKinnon and CVLG is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Columbus McKinnon and CVLG in the same portfolio, assuming nothing else is changed.
Moving together with Columbus Stock
| 0.7 | HY | Hyster Yale Materials | PairCorr |
| 0.95 | PH | Parker Hannifin | PairCorr |
| 0.89 | PL | Planet Labs PBC Aggressive Push | PairCorr |
Moving against Columbus Stock
| 0.67 | XPON | Expion360 | PairCorr |
| 0.54 | WATR | Current Water Techno | PairCorr |
| 0.47 | CXT | Crane NXT Earnings Call Tomorrow | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Columbus McKinnon'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.
Columbus McKinnon Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Columbus McKinnon 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 Columbus 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 Columbus McKinnon does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Columbus Stock performing well and Columbus McKinnon 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 Columbus McKinnon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWI | 2.44 | 0.42 | 0.21 | 0.30 | 2.09 | 5.95 | 13.59 | |||
| MTW | 2.12 | 0.49 | 0.27 | 0.42 | 1.69 | 5.31 | 14.96 | |||
| KFRC | 1.88 | 0.05 | 0.03 | 0.14 | 2.09 | 3.73 | 11.10 | |||
| BYRN | 2.51 | (0.55) | 0.00 | (0.30) | 0.00 | 6.22 | 16.07 | |||
| CYRX | 2.08 | (0.17) | 0.00 | (0.07) | 0.00 | 4.90 | 15.73 | |||
| CODI | 4.05 | 0.23 | 0.05 | 0.22 | 5.53 | 9.07 | 35.68 | |||
| SB | 1.51 | 0.34 | 0.20 | 0.76 | 1.20 | 3.50 | 13.72 | |||
| EBF | 0.96 | 0.25 | 0.17 | 0.56 | 0.91 | 2.20 | 4.45 | |||
| AIRO | 4.70 | (0.68) | 0.00 | (0.08) | 0.00 | 11.27 | 24.53 | |||
| CVLG | 1.80 | 0.40 | 0.26 | 0.32 | 1.36 | 5.70 | 11.04 |
Cross Equities Net Income Analysis
Compare Columbus McKinnon and related stocks such as Titan International, Manitowoc, and Kforce Inc Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TWI | (3.6 M) | 58.2 M | 95.6 M | 35.2 M | (80.5 M) | (75.6 M) | (34 M) | (60 M) | 16.1 M | (48.4 M) | (60.4 M) | 49.6 M | 176.3 M | 78.8 M | (5.6 M) | (6.4 M) | (6.1 M) |
| MTW | (13.8 M) | (10.5 M) | 101.7 M | 141.8 M | 144.5 M | 63.5 M | (375.8 M) | 9.4 M | (67.1 M) | 46.6 M | (19.1 M) | 11 M | (123.6 M) | 39.2 M | 55.8 M | 50.2 M | 52.7 M |
| KFRC | (600 K) | 27.2 M | (13.7 M) | 10.8 M | 90.9 M | 42.8 M | 32.8 M | 33.3 M | 58 M | 130.9 M | 56 M | 75.2 M | 75.4 M | 61.1 M | 50.4 M | 34.8 M | 27.3 M |
| BYRN | (188.7 K) | (2 M) | (2 M) | (2.7 M) | (2.6 M) | (1.9 M) | (2.8 M) | (2.2 M) | (4.4 M) | (12.6 M) | (3.3 M) | (7.9 M) | (8.2 M) | 12.8 M | 9.7 M | 11.1 M | 11.7 M |
| CYRX | (1 M) | (7.8 M) | (6.4 M) | (19.6 M) | (7 M) | (9.8 M) | (13.1 M) | (7.9 M) | (9.6 M) | (18.3 M) | (32.7 M) | (275.5 M) | (275.5 M) | (37.3 M) | (99.6 M) | (89.6 M) | (85.1 M) |
| CODI | 7.4 M | 65 M | (3.9 M) | 68.1 M | 278.8 M | 161.8 M | 54.7 M | 28 M | (5.7 M) | 301.9 M | 22.8 M | 114.6 M | (59.2 M) | 108.6 M | (208.9 M) | (240.2 M) | (228.2 M) |
| SB | 97.2 M | 89.7 M | 96.1 M | 83.3 M | 14.6 M | (47.9 M) | (56 M) | (84.7 M) | 27.7 M | 16 M | (12.9 M) | 174.3 M | 172.6 M | 77.4 M | 97.4 M | 87.6 M | 56.8 M |
| EBF | 11.4 M | 24.7 M | 24.7 M | 13.2 M | (44.5 M) | 1.8 M | 1.8 M | 32.9 M | 37.4 M | 24.1 M | 24.1 M | 29 M | 47.3 M | 40.2 M | 40.2 M | 42.6 M | 23.8 M |
| AIRO | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (877.4 K) | (20.5 M) | (25.6 M) | (32.5 M) | (38.7 M) | (34.8 M) | (36.6 M) |
| CVLG | 7.3 M | (14.3 M) | 6.1 M | 5.2 M | 17.8 M | 42.1 M | 16.8 M | 55.4 M | 42.5 M | 8.5 M | (42.7 M) | 60.7 M | 108.7 M | 55.2 M | 35.9 M | 7.2 M | 6.9 M |
Columbus McKinnon and related stocks such as Titan International, Manitowoc, and Kforce Inc Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Columbus McKinnon financial statement analysis. It represents the amount of money remaining after all of Columbus McKinnon operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Columbus McKinnon Competitive Analysis
The better you understand Columbus McKinnon competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Columbus McKinnon'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 Columbus McKinnon'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 |
Columbus McKinnon Competition Performance Charts
Five steps to successful analysis of Columbus McKinnon Competition
Columbus McKinnon'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 Columbus McKinnon in relation to its competition. Columbus McKinnon's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Columbus McKinnon 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 Columbus McKinnon's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Columbus McKinnon, 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.
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Check out Columbus McKinnon Correlation with its peers. To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Will Industrial Machinery & Supplies & Components sector continue expanding? Could Columbus diversify its offerings? Factors like these will boost the valuation of Columbus McKinnon. Projected growth potential of Columbus fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Columbus McKinnon data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.59) | Dividend Share 0.28 | Earnings Share 0.13 | Revenue Per Share | Quarterly Revenue Growth 0.077 |
Understanding Columbus McKinnon requires distinguishing between market price and book value, where the latter reflects Columbus's accounting equity. The concept of intrinsic value - what Columbus McKinnon's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Columbus McKinnon's price substantially above or below its fundamental value.
It's important to distinguish between Columbus McKinnon's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Columbus McKinnon should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Columbus McKinnon's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.