Andover Competitors
Andover Mining Corp competes with Argentum Silver; as well as few others. The company classifies itself under Metals & Mining sector and is part of Materials industry. Analyzing Andover Mining 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 Andover Mining to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Andover Mining Correlation with its peers.
Andover Mining vs Er Therapeutics Correlation
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Andover Mining'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.
Andover Mining Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Andover Mining 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 Andover 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 Andover Mining 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 Andover Pink Sheet performing well and Andover Mining 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 Andover Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DBGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGSVF | 106.25 | 55.25 | 0.00 | (0.60) | 0.00 | 0.00 | 3,585 | |||
| VRCV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TINO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DTEMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MURCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SRSR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PLYFF | 6.09 | 0.58 | 0.02 | (0.30) | 9.15 | 25.00 | 106.29 | |||
| AGDXF | 3.41 | 1.64 | 0.00 | 0.72 | 0.00 | 0.00 | 114.29 | |||
| PNGM | 74.65 | 37.61 | 0.00 | (1.07) | 0.00 | 0.00 | 2,596 |
Andover Mining Competitive Analysis
The better you understand Andover Mining competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Andover Mining'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 Andover Mining'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 |
Andover Mining Competition Performance Charts
Five steps to successful analysis of Andover Mining Competition
Andover Mining'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 Andover Mining Corp in relation to its competition. Andover Mining's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Andover Mining 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 Andover Mining's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Andover Mining 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.
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Other Information on Investing in Andover Pink Sheet
Andover Mining financial ratios help investors to determine whether Andover 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 Andover with respect to the benefits of owning Andover Mining security.