Angel Competitors
| ANGCF Stock | USD 0 0.00 0.00% |
Angel Gold vs Magnum Goldcorp Correlation
Pay attention - limited upside
The correlation between Angel Gold Corp and MGIDF is -1.0 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angel Gold Corp and MGIDF in the same portfolio, assuming nothing else is changed.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Angel Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Angel Gold Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Angel Gold and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Angel 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 Angel Gold Corp does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Angel Pink Sheet performing well and Angel Gold 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 Angel Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSTXF | 17.12 | 8.05 | 0.00 | 0.69 | 0.00 | 0.00 | 388.00 | |||
| PGPGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GPHBF | 3.01 | 0.82 | 0.00 | (0.68) | 0.00 | 0.00 | 100.00 | |||
| NWGC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBNT | 0.75 | (0.36) | 0.00 | 1.05 | 0.00 | 0.00 | 25.00 | |||
| GERFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GBGD | 2.98 | (1.35) | 0.00 | 0.58 | 0.00 | 0.00 | 99.93 | |||
| QGRSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BUSC | 14.63 | 5.68 | 0.00 | (6.17) | 0.00 | 6.68 | 453.26 | |||
| MGIDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Angel Gold Competitive Analysis
The better you understand Angel Gold competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Angel Gold'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 Angel Gold'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 |
Angel Gold Competition Performance Charts
Five steps to successful analysis of Angel Gold Competition
Angel Gold'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 Angel Gold Corp in relation to its competition. Angel Gold's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Angel Gold 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 Angel Gold's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Angel Gold Corp, 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.
Complement your Angel Gold position
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Robots And Drones
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Other Information on Investing in Angel Pink Sheet
Angel Gold financial ratios help investors to determine whether Angel Pink Sheet 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 Angel with respect to the benefits of owning Angel Gold security.