NEWPATH Competitors

0MZ Stock

EUR 0.07 0.04 116.67%

NEWPATH RESOURCES INC competes with Sotherly Hotels, MUTUIONLINE, CarsalesCom, Meli Hotels, and United Utilities; as well as few others. The company classifies itself under Metals & Mining sector and is part of Materials industry. Analyzing NEWPATH RESOURCES competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of NEWPATH RESOURCES to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out NEWPATH RESOURCES Correlation with its peers.

NEWPATH RESOURCES vs GungHo Online Correlation

Good diversification

The correlation between NEWPATH RESOURCES INC and G03 is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NEWPATH RESOURCES INC and G03 in the same portfolio, assuming nothing else is changed.

Moving against NEWPATH Stock

0.51	DP4B	AP Mller Earnings Call Tomorrow	Pair Corr
0.44	FPMB	FREEPORT MCMORAN	Pair Corr
0.44	XSI	Sanyo Chemical Industries	Pair Corr
0.41	QBE	QBE Insurance Group	Pair Corr
0.39	SEH	SHIN ETSU CHEMICAL	Pair Corr

At this time, NEWPATH RESOURCES's Return On Capital Employed is most likely to increase slightly in the upcoming years. The NEWPATH RESOURCES's current Return On Equity is estimated to increase to 0.53, while Return On Tangible Assets are forecasted to increase to (11.61). The NEWPATH RESOURCES's current Debt To Assets is estimated to increase to 10.70, while Net Current Asset Value is projected to decrease to roughly 1.1 M.

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Hype

Prediction

Low	Estimated	High
0.00	0.07	36.24

Details

Intrinsic

Valuation

Low	Real	High
0.00	0.05	36.22

Details

Naive

Forecast

Low	Next	High
0	0.05	36.22

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
0.01	0.03	0.05

Details

NEWPATH RESOURCES Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NEWPATH RESOURCES 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 NEWPATH 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 NEWPATH RESOURCES INC does not affect the price movement of the other competitor.

	MCL	MNL	WN6	MEL	UUEC	CZH	MRL	G03
MCL		-0.08	-0.05	-0.22	-0.07	-0.18	0.2	-0.14	MCL
MNL	-0.08		0.93	-0.73	-0.5	-0.4	-0.2	0.26	MNL
WN6	-0.05	0.93		-0.63	-0.42	-0.39	-0.17	0.24	WN6
MEL	-0.22	-0.73	-0.63		0.52	0.56	-0.21	0.05	MEL
UUEC	-0.07	-0.5	-0.42	0.52		0.61	-0.1	0.4	UUEC
CZH	-0.18	-0.4	-0.39	0.56	0.61		-0.4	0.47	CZH
MRL	0.2	-0.2	-0.17	-0.21	-0.1	-0.4		-0.67	MRL
G03	-0.14	0.26	0.24	0.05	0.4	0.47	-0.67		G03
	MCL	MNL	WN6	MEL	UUEC	CZH	MRL	G03

High positive correlations

WN6	+ 0.93	MNL
CZH	+ 0.61	UUEC
CZH	+ 0.56	MEL
UUEC	+ 0.52	MEL
G03	+ 0.47	CZH
G03	+ 0.4	UUEC

High negative correlations

MEL	- 0.73	MNL
G03	- 0.67	MRL
MEL	- 0.63	WN6
UUEC	- 0.5	MNL
UUEC	- 0.42	WN6
MRL	- 0.4	CZH

Risk-Adjusted Indicators

There is a big difference between NEWPATH Stock performing well and NEWPATH RESOURCES 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 NEWPATH RESOURCES'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
MCL	0.81	0.05	0.00	4.53	1.40	(1.22)	1.72	(1.15)	16.65
MNL	0.97	(0.42)	0.00	(2.71)	0.00	0.00	1.87	(2.68)	8.94
WN6	1.29	(0.37)	0.00	(0.81)	0.00	0.00	2.11	(2.87)	6.90
MEL	1.11	0.06	0.00	(3.15)	1.19	(1.37)	2.65	(2.37)	6.72
UUEC	1.14	0.05	0.02	0.11	1.18	(1.55)	2.19	(2.15)	5.93
CZH	1.89	0.08	0.01	1.66	1.96	(2.39)	4.73	(3.43)	10.18
MRL	0.32	0.04	(0.02)	(0.33)	0.30	(1.10)	0.93	(0.90)	2.74
G03	1.27	(0.05)	0.00	(0.11)	0.00	0.00	3.20	(4.23)	10.68

NEWPATH RESOURCES Competitive Analysis

The better you understand NEWPATH RESOURCES competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NEWPATH RESOURCES'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 NEWPATH RESOURCES'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

	0MZ	MCL	MNL	WN6	MEL	UUEC	CZH	MRL	G03
	116.67 0.07 NEWPATH	1.14 1.78 Sotherly	0.00 34.25 MUTUIONLINE	1.85 16.50 CarsalesCom	1.06 7.66 Meli	2.11 14.50 United	1.82 84.00 Choice	0.00 1.10 MIRAMAR	0.74 13.70 GungHo
Market Volatility (90 Days Market Risk)	Out of control	Relatively risky	Very steady	Very steady	Not too volatile	Very steady	Very steady	Slightly risky	Not too volatile
Market Performance (90 Days Performance)	Good	Weak	Weakest	Weakest	Mild	Mild	Weak	Soft	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Average	Tiny	Low	Low	Low	Low	Small	Low	Tiny
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Over Valued	Under Valued	Over Valued	Fairly Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Hold	Cautious Hold	Hold	Strong Sell	Strong Hold	Strong Sell	Strong Sell	Strong Sell
Current Ratio	11.33	1.58	N/A	2.58	0.44	0.69	0.82	N/A	6.03
Net Asset	N/A	414.38 M	939.57 M	4.89 B	4.58 B	16.77 B	2.53 B	22.45 B	175.46 B
Profit Margin	N/A	N/A	N/A	0.23	0.0833	0.17	0.47	N/A	0.0434
EBITDA	(339.26 K)	14.08 M	86.04 M	540.26 M	380.17 M	1.33 B	517.03 M	N/A	8.58 B
Current Valuation	2.38 M	321.47 M	1.65 B	6.8 B	3.89 B	20.72 B	5.64 B	64.91 M	6.76 M
Price To Book	25.44	1.16	3.66	3.56	2.09	4.28	30.75	0.33	1.1
Operating Margin	N/A	N/A	N/A	0.4	0.21	0.43	0.52	N/A	0.0369
Retained Earnings	N/A	(131.7 M)	41.71 M	676.34 M	(569.84 M)	1.18 B	2 B	N/A	195.67 B
Five Year Return	N/A	N/A	N/A	4.04	1.46	4.46	1.14	N/A	N/A
Beta	1.74	1.72	N/A	0.74	0.89	0.54	0.77	N/A	-0.13
Number Of Employees	N/A	13	N/A	2.5 K	18.36 K	6.94 K	1.7 K	N/A	1.58 K
Shares Outstanding	21.41 M	N/A	N/A	378.43 M	220.19 M	681.89 M	46.27 M	N/A	54.34 M
Cash Flow From Operations	(1.69 M)	25.89 M	101.47 M	203.64 M	417.43 M	918.1 M	319.4 M	N/A	17.13 B
Annual Yield	N/A	N/A	0.0027	0.0282	0.0189	0.0418	0.0118	0.39	N/A
Total Debt	1.7 M	372.78 M	89.61 M	36.87 M	127.54 M	453.3 M	2.58 B	1.35 B	21.93 B
Return On Equity	N/A	N/A	N/A	0.0978	0.2	0.2	0.14	N/A	0.0516
Return On Asset	-1.16	N/A	N/A	0.0586	0.0401	0.0317	0.11	N/A	0.0282
Book Value Per Share	-0.12	0.02	N/A	4.68	3.62	3.39	2.76	N/A	12.35
Total Asset	N/A	414.38 M	939.57 M	4.89 B	4.58 B	16.77 B	2.53 B	22.45 B	175.46 B
Debt To Equity	0.17	3.54	N/A	180.5	8.02	251.2	N/A	N/A	0.3
Last Dividend Paid	N/A	N/A	0.3	0.8	0.14	0.53	1.15	0.24	30.0
Target Price	N/A	N/A	N/A	N/A	12.6	N/A	119.3	N/A	N/A
Shares Owned By Institutions	N/A	N/A	N/A	41.93	29.58	65.9	72.42	N/A	24.46
Market Capitalization	1.31 M	31.56 M	1.62 B	5.87 B	1.69 B	10.02 B	4.03 B	996.5 M	769.14 M
Price To Earning	N/A	N/A	N/A	16.09	42.08	12.11	19.87	N/A	102.59
Price To Earnings To Growth	N/A	N/A	N/A	N/A	N/A	0.67	1.41	N/A	N/A
Price To Sales	N/A	0.23	2.17	4.96	0.81	4.22	4.92	2.56	0.0076
Net Income	(2.62 M)	1.3 M	41.71 M	275.49 M	140.63 M	264.7 M	299.67 M	N/A	11.17 B
Earnings Per Share	-0.13	N/A	N/A	0.43	0.79	0.68	6.85	N/A	0.5
Shares Owned By Insiders	15.83	N/A	N/A	5.46	49.53	0.04	42.47	N/A	22.77
Revenue	N/A	181.89 M	462.78 M	1.18 B	2.01 B	2.15 B	1.58 B	N/A	103.6 B
Working Capital	N/A	13.33 M	(17.87 M)	209.61 M	(226.12 M)	1.01 B	(123.64 M)	6.09 B	101.42 B
Cash And Equivalents	2.32 M	23.74 M	N/A	48.09 M	118.11 M	674.21 M	31.81 M	N/A	578.21 M
Cash Per Share	0.08	1.67	N/A	0.2	0.54	0.99	0.58	N/A	0.81
Gross Profit	N/A	N/A	N/A	1 B	1.13 B	2.26 B	731.58 M	N/A	47.75 B
Day Typical Price	0.055	1.78	34.25	16.5	7.66	14.5	84.0	1.1	13.7
Accumulation Distribution	3722.31	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Daily Balance Of Power	1.166667	9.2 T	0.0	9.2 T	9.2 T	9.2 T	9.2 T	0.0	9.2 T
Period Momentum Indicator	0.035	0.02	N/A	0.3	0.08	0.3	1.5	N/A	0.1
Rate Of Daily Change	2.17	1.01	1.0	1.02	1.01	1.02	1.02	1.0	1.01
Day Median Price	0.05	1.78	34.25	16.5	7.66	14.5	84.0	1.1	13.7
Price Action Indicator	0.0325	0.01	N/A	0.15	0.04	0.15	0.75	N/A	0.05
Relative Strength Index	59.86	52.85	22.18	39.5	53.42	58.88	51.54	51.51	52.57
Coefficient Of Variation	656.86	2951.39	(345.50)	(477.35)	2255.7	1471.08	2725.63	1292.55	(7,980)
Mean Deviation	21.35	0.8129	0.9742	1.29	1.11	1.14	1.89	0.3187	1.27
Jensen Alpha	5.51	0.0466	(0.42)	(0.37)	0.0558	0.0457	0.0752	0.0389	(0.05)
Total Risk Alpha	2.71	(0.08)	(0.51)	(0.47)	(0.05)	(0.02)	(0.1)	(0.01)	(0.18)
Sortino Ratio	0.1854	(0)	N/A	N/A	3.0E-4	0.0211	0.0102	(0.02)	N/A
Downside Variance	796.33	4.68	N/A	N/A	1.82	2.41	5.17	0.908	N/A
Standard Deviation	34.79	1.69	1.38	1.61	1.46	1.43	2.39	0.5617	1.96
Kurtosis	4.82	17.41	3.49	(0.36)	0.4207	(0.25)	(0.11)	2.32	2.94
Potential Upside	96.88	1.72	1.87	2.11	2.65	2.19	4.73	0.9259	3.2
Treynor Ratio	(1.30)	4.53	(2.71)	(0.81)	(3.15)	0.1146	1.66	(0.33)	(0.11)
Maximum Drawdown	188.8	16.65	8.94	6.9	6.72	5.93	10.18	2.74	10.68
Variance	1210.36	2.85	1.89	2.59	2.14	2.04	5.72	0.3155	3.84
Market Risk Adjusted Performance	(1.29)	4.54	(2.70)	(0.80)	(3.14)	0.1246	1.67	(0.32)	(0.1)
Risk Adjusted Performance	0.1218	0.0306	(0.21)	(0.15)	0.0376	0.0549	0.0339	0.0538	(0)
Skewness	1.87	0.4119	0.5449	(0.31)	0.5276	0.0283	0.4764	0.823	(0.56)
Semi Deviation	17.61	1.4	N/A	N/A	1.19	1.18	1.96	0.2964	N/A
Information Ratio	0.1504	(0)	(0.34)	(0.25)	2.0E-4	0.0229	0.0097	(0.04)	(0.05)
Value At Risk	(37.25)	(1.15)	(2.68)	(2.87)	(2.37)	(2.15)	(3.43)	(0.90)	(4.23)
Expected Short fall	(38.14)	(1.22)	N/A	N/A	(1.37)	(1.55)	(2.39)	(1.10)	N/A
Downside Deviation	28.22	2.16	N/A	N/A	1.35	1.55	2.27	0.9529	N/A
Semi Variance	310.05	1.95	N/A	N/A	1.41	1.38	3.85	0.0878	N/A

NEWPATH RESOURCES Competition Performance Charts

Five steps to successful analysis of NEWPATH RESOURCES Competition

NEWPATH RESOURCES'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 NEWPATH RESOURCES INC in relation to its competition. NEWPATH RESOURCES's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of NEWPATH RESOURCES 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 NEWPATH RESOURCES's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NEWPATH RESOURCES INC, 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.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your NEWPATH RESOURCES position

In addition to having NEWPATH RESOURCES in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Information on Investing in NEWPATH Stock

NEWPATH RESOURCES financial ratios help investors to determine whether NEWPATH Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NEWPATH with respect to the benefits of owning NEWPATH RESOURCES security.

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NEWPATH Competitors

NEWPATH RESOURCES vs GungHo Online Correlation

Good diversification

Moving against NEWPATH Stock

Specify up to 10 symbols:

NEWPATH RESOURCES Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

NEWPATH RESOURCES Competitive Analysis

NEWPATH RESOURCES Competition Performance Charts

Five steps to successful analysis of NEWPATH RESOURCES Competition

Complement your NEWPATH RESOURCES position

Did You Try This Idea?

Run Small Cap ETFs Thematic Idea Now

Small Cap ETFs

Other Information on Investing in NEWPATH Stock

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