Core Laboratories vs Harmonic Comparison

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The Macroaxis Comparable Analysis module helps investors to evaluate stocks by comparing them to other traded companies based on similar metrics to determine their enterprise value. The basic idea behind this approach is that Core Laboratories and Harmonic should bear some resemblance to each other or to other equities in a similar class. Harmonic Core Laboratories Revenues is projected to decrease significantly based on the last few years of reporting. The past year's Revenues was at 507.15 Million. The current year Revenue to Assets is expected to grow to 0.81, whereas Deferred Revenue is forecasted to decline to about 54.4 M.
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices 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.

Cross Equities Net Income Analysis

Compare Core Laboratories, and Harmonic Net Income Over Time
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2010201120122013201420152016201720182019202020212022
CLB184.7 M184.7 M216.1 M242.8 M257.5 M114.8 M63.9 M83.1 M79.5 M102 M(97.6 M)19.7 M20.2 M
HLIT(4.3 M)8.8 M(10.9 M)37 M(46.2 M)(15.7 M)(72.3 M)(83 M)(21 M)(5.9 M)(29.3 M)13.3 M14.3 M

Core Laboratories, and Harmonic Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in entities financial statement analysis. It represents the amount of money remaining after all of organizations operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Competitive Analysis

    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
CLB
HLIT
 4.18 
 21.68 
 3.72 
 15.34 
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Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.
Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

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Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
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Check out your portfolio center. Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Core Laboratories vs Harmonic comparative analysis provides an insight into diversification possibilities from combining Core Laboratories and Harmonic into the same portfolio. You can use this module to analyze the comparative aspects of Core Laboratories and Harmonic across most of their technical and fundamental indicators. Please use the input box below to enter a few concurrent symbols you would like to analyze. With this comparative module, you can estimate the relative strength of Core Laboratories against Harmonic. Check out your portfolio center.