$NET (57.96%) vs $WKHS(39.73%): Unveiling the Potential of Ticker Comparison
Comparative Analysis: NET vs. WKHS and Compare AI Swing Trader: Top High-Volatility Stocks (TA) vs AI Swing Trader: Deep Trend Analysis (TA)
The world of investing is dynamic and constantly evolving. Here, we dissect the performance of two tickers: NET (Cloudflare, Inc.) in the Packaged Software industry and WKHS (Workhorse Group Inc.) in the Motor Vehicles industry.
Price Growth Comparison
When comparing price changes this week, NET reported a +9.70% price change while WKHS showed a price change of +10.23%. Interestingly, WKHS outperformed NET in a weekly price change, even though the latter is part of an industry that has shown stronger average quarterly growth.
NET, representing the Packaged Software industry, outpaced the average industry weekly growth of +2.76%, monthly growth of +7.53%, and quarterly growth of +21.90%. WKHS, representing the Motor Vehicles industry, exceeded the industry's average weekly growth of +5.99% but fell short in monthly and quarterly comparisons with growths of +10.72% and +1.91% respectively.
Earnings Announcement
As we dive into the third quarter, NET is scheduled to report earnings on August 3, 2023, followed by WKHS which is expected to report earnings on August 7, 2023. The upcoming earnings reports will provide more insight into the financial health and strategic direction of these two companies, which could significantly impact their stock prices.
Trading Strategies Analysis
Looking at the trading strategies, NET achieved a 57.96% return using the AI Swing Trader: Top High-Volatility Stocks (TA) approach. This strategy focuses on volatile stocks which often lead to substantial gains or losses. Conversely, WKHS attained a 39.73% return using the AI Swing Trader: Deep Trend Analysis (TA) strategy. This approach analyzes long-term trends to identify stocks with steady growth potential.
Industry Overview
The Packaged Software industry, represented by NET, saw a weekly growth of +2.76%. This industry involves companies that produce and sell software products for various applications including cloud computing, cybersecurity, and data analytics.
On the other hand, the Motor Vehicles industry, represented by WKHS, achieved a higher weekly growth of +5.99%. This industry comprises companies that manufacture and distribute motor vehicles including electric vehicles and trucks.
While WKHS outperformed NET in terms of weekly price change and industry growth, NET triumphed in terms of trading strategy returns and average industry quarterly growth. Investors should consider these factors in light of their investment goals, risk tolerance, and market conditions.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Industry FinancialConglomerates
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| IIRSX | 11.93 | -0.15 | -1.24% |
| Voya Russell Small Cap Index Port I | |||
| STEZX | 10.97 | -0.15 | -1.35% |
| AB International Strat Eqs Z | |||
| VSVIX | 34.00 | -0.51 | -1.48% |
| Victory Integrity Small-Cap Value Y | |||
| IVNQX | 30.08 | -0.46 | -1.51% |
| Invesco Nasdaq 100 Index R6 | |||
| SDVRX | 20.10 | -0.34 | -1.66% |
| PGIM Quant Solutions Mid-Cap Val R | |||
NETC and
Correlation & Price change
A.I.dvisor indicates that over the last year, NETC has been loosely correlated with ACAX. These tickers have moved in lockstep 37% of the time. This A.I.-generated data suggests there is some statistical probability that if NETC jumps, then ACAX could also see price increases.
| Ticker / NAME | Correlation To NETC | 1D Price Change % | ||
|---|---|---|---|---|
| NETC | 100% | N/A | ||
| ACAX - NETC | 37% Loosely correlated | -0.29% | ||
| BWAQU - NETC | 32% Poorly correlated | N/A | ||
| APXIU - NETC | 30% Poorly correlated | N/A | ||
| CLINU - NETC | 30% Poorly correlated | N/A | ||
| CFFSU - NETC | 27% Poorly correlated | N/A | ||
More | ||||