There's a lot that could explain the change.
I would look at all the competitors websites in your industry, not just one. Try to find a common trend between the ones that went up and the ones that may have gone down.
Also use tools such as google optimize and web.dv measure to compare the two websites.
Lastly, take a look your on-page analytics from GA for mobile in the past 3 months and see if there is a significant decrease or an anomaly in how users are interacting with your website.
All of these can be factors that may have been there all along and simply amplified by the algorithm update.
Once you pinpoint the cause, it will be much easier to fix.
Good luck!