Nordic Competitors
| NFGAB Stock | SEK 11.00 -0.10 -0.90% |
Pair Correlation for Nordic Flanges and Hexicon AB Overview
Average diversification
The correlation between NFGAB and HEXI is 0.12, which Macroaxis classifies as Average diversification for the selected horizon. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
Moving against Nordic Stock
Mean reversion in Nordic Flanges is more reliable over longer time horizons. Short-term deviations can persist and even widen before correcting, making position sizing and risk management critical.
Nordic Flanges Competition Correlation Matrix
Correlation analysis between Nordic Flanges Group and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nordic Stock performing well and Nordic Flanges 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 Nordic Flanges' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IRIS | 3.91 | -0.14 | 0.00 | -0.22 | 0.00 | 8.33 | 35.58 | |||
| PCOM-B | 1.87 | -0.04 | 0.00 | -0.18 | 0.00 | 4.60 | 21.45 | |||
| HELIO | 4.49 | 0.20 | 0.04 | -0.14 | 5.31 | 14.94 | 52.42 | |||
| HEGR | 3.62 | 0.34 | 0.05 | 1.06 | 4.82 | 9.68 | 30.41 | |||
| NJOB | 5.90 | 0.02 | 0.00 | -0.03 | 0.00 | 14.58 | 54.72 | |||
| MANTEX | 2.80 | 0.11 | 0.03 | 0.13 | 3.25 | 8.41 | 39.56 | |||
| CIRCHE | 4.59 | 0.59 | 0.12 | -2.59 | 4.80 | 12.00 | 38.18 | |||
| HEXI | 5.89 | 0.42 | 0.04 | 0.26 | 6.17 | 8.33 | 119.48 |
Nordic Flanges Competitive Analysis
How does Nordic Flanges measure up against Irisity AB, Precomp Solutions, and Heliospectra Publ? The financials tell a nuanced story. Nordic Flanges operates at a 63.6 M scale with 191.3 M flowing through the income statement. With a -1.11% return on equity and -0.19% net margin, Nordic Flanges faces a more difficult earnings environment than some peers. Net profitability gives Nordic Flanges an edge at -0.19% versus Irisity AB at -80.64%. On equity returns, Nordic Flanges earns -1.11% compared to -17.81% at Precomp Solutions. Revenue tilts toward Nordic Flanges at 191.3 M compared with 35.2 M.| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze Nordic Flanges Against Peers
Nordic Flanges' peer analysis compares Nordic Flanges with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Nordic Flanges trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Nordic Flanges leads or lags and what catalysts could close or widen the gap.