Bindi Competitors

BIM Stock

0.10 0.01 9.09%

Bindi Metals competes with Northern Star, Evolution Mining, Alcoa, Bluescope Steel, and Sandfire Resources; as well as few others. The company operates under Metals & Mining sector and is part of Materials industry. Analyzing Bindi Metals 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 Bindi Metals to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Bindi Metals Correlation with its peers.

Bindi Metals vs Perseus Mining Correlation

Very weak diversification

The correlation between Bindi Metals and PRU is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bindi Metals and PRU in the same portfolio, assuming nothing else is changed.

Moving together with Bindi Stock

0.68	EVN	Evolution Mining	Pair Corr
0.76	AAI	Alcoa	Pair Corr
0.83	BSL	Bluescope Steel	Pair Corr
0.77	SFR	Sandfire Resources Earnings Call Today	Pair Corr

Moving against Bindi Stock

0.43

ATH

Alterity Therapeutics Earnings Call This Week

Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
0.01	0.10	5.20

Details

Intrinsic

Valuation

Low	Real	High
0.00	0.09	5.19

Details

Naive

Forecast

Low	Next	High
0	0.11	5.20

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
0.05	0.11	0.17

Details

Bindi Metals Competition Correlation Matrix

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

	NST	EVN	AAI	BSL	SFR	RMS	GMD	PRU
NST		0.71	0.26	0.47	0.48	0.56	0.36	0.48	NST
EVN	0.71		0.74	0.83	0.89	0.91	0.69	0.66	EVN
AAI	0.26	0.74		0.87	0.91	0.89	0.84	0.76	AAI
BSL	0.47	0.83	0.87		0.91	0.9	0.73	0.75	BSL
SFR	0.48	0.89	0.91	0.91		0.95	0.83	0.75	SFR
RMS	0.56	0.91	0.89	0.9	0.95		0.88	0.83	RMS
GMD	0.36	0.69	0.84	0.73	0.83	0.88		0.92	GMD
PRU	0.48	0.66	0.76	0.75	0.75	0.83	0.92		PRU
	NST	EVN	AAI	BSL	SFR	RMS	GMD	PRU

Risk-Adjusted Indicators

There is a big difference between Bindi Stock performing well and Bindi Metals 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 Bindi Metals' 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
NST	2.37	0.06	0.02	0.11	3.57	(2.21)	4.07	(5.61)	13.67
EVN	2.38	0.30	0.11	0.26	2.64	(2.60)	4.54	(4.60)	15.90
AAI	2.49	0.41	0.13	0.31	2.96	(2.68)	6.03	(5.23)	15.79
BSL	1.53	0.37	0.32	0.40	0.84	(2.17)	2.96	(1.70)	23.55
SFR	1.71	0.16	0.06	0.16	2.39	(1.58)	4.04	(3.93)	12.09
RMS	2.50	0.28	0.09	0.24	3.03	(2.70)	6.30	(5.33)	13.99
GMD	2.70	0.16	0.04	0.21	3.76	(2.61)	5.36	(6.02)	17.50
PRU	1.88	0.05	0.01	0.10	2.33	(2.08)	3.78	(3.89)	12.60

Bindi Metals Competitive Analysis

The better you understand Bindi Metals competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Bindi Metals' 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 Bindi Metals' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	BIM	NST	EVN	AAI	BSL	SFR	RMS	GMD	PRU
	9.09 0.10 Bindi	0.74 28.02 Northern	2.15 14.59 Evolution	1.40 81.85 Alcoa	2.64 28.74 Bluescope	0.69 18.95 Sandfire	2.44 4.40 Ramelius	2.93 6.96 Genesis	1.78 5.52 Perseus
Market Volatility (90 Days Market Risk)	Out of control	Not too volatile	Not too volatile	Very steady	Very steady	Not too volatile	Moderately volatile	Slightly risky	Slightly risky
Market Performance (90 Days Performance)	Mild	Soft	Good	Solid	Good	Good	Fair	Soft	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	High	Tiny	Tiny	Low	Low	Tiny	Tiny	Tiny	Tiny
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly 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 Sell	Strong Hold	Strong Hold	Strong Buy	Strong Hold	Hold	Sell	Hold
Net Asset	2.64 M	20.43 B	9.64 B	16.22 B	15.78 B	2.87 B	2.39 B	1.8 B	3.77 B
Profit Margin	N/A	0.21	0.26	0.0912	0.0178	0.0784	0.39	0.24	0.3
EBITDA	(1.06 M)	3.43 B	2.15 B	1.92 B	994.5 M	539.76 M	804.41 M	463.33 M	726.94 M
Current Valuation	8.11 M	41.32 B	30.79 B	23.1 B	12.27 B	8.89 B	7.96 B	8.15 B	6.54 B
Price To Book	3.72	2.65	5.37	2.48	1.14	3.45	4.56	6.53	2.69
Operating Margin	N/A	0.34	0.43	0.11	0.0627	0.2	0.61	0.4	0.46
Retained Earnings	(4.75 M)	3.14 B	1.66 B	(258.17 M)	7.51 B	494.7 M	919.66 M	121.89 M	1.15 B
Beta	-0.59	1.28	1.67	1.87	1.29	1.63	1.41	1.2	1.06
Number Of Employees	N/A	N/A	N/A	13.9 K	16.5 K	1.35 K	250	603	N/A
Shares Outstanding	92.09 M	1.43 B	2.03 B	258.96 M	438.08 M	461.92 M	1.92 B	1.14 B	1.35 B
Cash Flow From Operations	(931.2 K)	2.95 B	1.97 B	1.22 B	1.41 B	523.71 M	770.83 M	420.7 M	536.66 M
Annual Yield	N/A	0.0195	0.0268	0.0065	0.0339	N/A	0.0177	N/A	0.0133
Total Debt	36.38 K	1.71 B	1.79 B	2.44 B	886 M	253.24 M	64.42 M	200.89 M	4.17 M
Return On Equity	-0.51	0.11	0.26	0.2	0.0343	0.0521	0.29	0.19	0.21
Return On Asset	-0.32	0.073	0.13	0.0514	0.0369	0.047	0.2	0.13	0.15
Book Value Per Share	0.045	10.45	2.77	33.39	24.62	5.5	1.64	1.11	2.09
Total Asset	2.64 M	20.43 B	9.64 B	16.22 B	15.78 B	2.87 B	2.39 B	1.8 B	3.77 B
Target Price	N/A	29.96	13.17	79.56	31.06	18.65	5.26	9.23	6.32
Last Dividend Paid	N/A	0.55	0.33	0.4	0.95	N/A	0.08	N/A	0.049
Shares Owned By Institutions	N/A	60.26	68.68	6.63	50.78	69.39	54.33	60.8	63.63
Market Capitalization	9.21 M	40.43 B	29.63 B	24.34 B	12.59 B	8.75 B	8.47 B	7.95 B	7.46 B
Price To Earnings To Growth	N/A	N/A	N/A	N/A	N/A	0.5	2.53	N/A	N/A
Price To Sales	8770.88	5.76	5.79	1.9	0.76	7.36	7.04	8.64	5.98
Net Income	(1.06 M)	1.34 B	926.17 M	1.21 B	83.8 M	93.25 M	474.17 M	221.17 M	370.87 M
Earnings Per Share	-0.02	1.12	0.66	6.24	0.57	0.28	0.41	0.2	0.38
Shares Owned By Insiders	23.79	3.6	1.08	N/A	2.57	0.95	3.03	6.78	0.51
Revenue	44.54 K	6.41 B	4.35 B	13.24 B	16.25 B	1.19 B	1.2 B	920.14 M	1.25 B
Working Capital	772.9 K	1.34 B	90.98 M	1.52 B	2.89 B	75.49 M	388.51 M	204.08 M	769.82 M
Cash And Equivalents	1.56 M	N/A	N/A	1.6 B	2.5 M	N/A	320 M	N/A	N/A
Gross Profit	1.05 K	2.27 B	2.18 B	2.19 B	6.35 B	752.46 M	695.04 M	367.78 M	740.31 M
Day Typical Price	0.0983	27.85	14.55	81.59	28.79	18.74	4.4	6.99	5.54
Accumulation Distribution	11637.95	60284.22	185313.0	6272.97	221623.0	64588.2	184116.0	122726.0	167846.0
Daily Balance Of Power	(2.00)	(0.41)	(0.74)	(1.25)	0.4353	0.2097	(1.10)	(0.95)	(0.43)
Period Momentum Indicator	(0.01)	(0.21)	(0.32)	(1.16)	0.74	0.13	(0.11)	(0.21)	(0.10)
Rate Of Daily Change	0.91	0.99	0.98	0.99	1.03	1.01	0.98	0.97	0.98
Day Median Price	0.0975	27.77	14.53	81.47	28.82	18.64	4.4	7.0	5.56
Price Action Indicator	(0)	0.15	(0.1)	(0.20)	0.29	0.38	(0.06)	(0.15)	(0.09)
Relative Strength Index	57.08	66.45	77.76	48.88	73.77	84.85	74.95	73.39	67.66
Coefficient Of Variation	1535.09	3006.22	857.52	671.67	701.89	1064.84	963.21	1731.2	2947.27
Mean Deviation	2.48	2.37	2.38	2.49	1.53	1.71	2.5	2.7	1.88
Jensen Alpha	0.2949	0.061	0.3023	0.4131	0.3719	0.1627	0.2807	0.1589	0.0467
Total Risk Alpha	0.0823	(0.05)	0.2087	0.3195	0.2728	0.102	0.1786	0.0301	(0.04)
Sortino Ratio	0.0443	0.0156	0.1072	0.1298	0.3153	0.0616	0.0905	0.039	0.0148
Downside Variance	37.98	13.33	8.69	11.05	1.4	8.01	10.55	16.03	5.68
Standard Deviation	4.91	3.11	3.11	3.21	2.94	2.35	3.28	3.51	2.42
Kurtosis	5.84	0.9149	0.6356	0.3192	36.2	1.0	(0.01)	0.4276	0.8008
Potential Upside	10.0	4.07	4.54	6.03	2.96	4.04	6.3	5.36	3.78
Treynor Ratio	0.7698	0.1054	0.2559	0.3105	0.4029	0.16	0.2428	0.2093	0.1047
Maximum Drawdown	29.97	13.67	15.9	15.79	23.55	12.09	13.99	17.5	12.6
Variance	24.08	9.68	9.68	10.32	8.65	5.54	10.76	12.31	5.83
Market Risk Adjusted Performance	0.7798	0.1154	0.2659	0.3205	0.4129	0.17	0.2528	0.2193	0.1147
Risk Adjusted Performance	0.0599	0.0338	0.0998	0.1254	0.1201	0.081	0.0898	0.0535	0.0336
Skewness	1.6	(0.76)	0.37	(0.31)	5.29	(0.62)	0.0138	(0.45)	(0.30)
Semi Deviation	2.8	3.57	2.64	2.96	0.8443	2.39	3.03	3.76	2.33
Information Ratio	0.0556	0.0183	0.1016	0.1344	0.1266	0.0741	0.0896	0.0445	0.0146
Value At Risk	(8.33)	(5.61)	(4.60)	(5.23)	(1.70)	(3.93)	(5.33)	(6.02)	(3.89)
Expected Short fall	(9.41)	(2.21)	(2.60)	(2.68)	(2.17)	(1.58)	(2.70)	(2.61)	(2.08)
Downside Deviation	6.16	3.65	2.95	3.32	1.18	2.83	3.25	4.0	2.38
Semi Variance	7.81	12.75	6.96	8.78	0.7128	5.72	9.18	14.16	5.43

Bindi Metals Competition Performance Charts

Five steps to successful analysis of Bindi Metals Competition

Bindi Metals' 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 Bindi Metals in relation to its competition. Bindi Metals' competition analysis typically involves several steps, including:

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

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In addition to having Bindi Metals 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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Additional Tools for Bindi Stock Analysis

When running Bindi Metals' price analysis, check to measure Bindi Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bindi Metals is operating at the current time. Most of Bindi Metals' value examination focuses on studying past and present price action to predict the probability of Bindi Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bindi Metals' price. Additionally, you may evaluate how the addition of Bindi Metals to your portfolios can decrease your overall portfolio volatility.

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Bindi Competitors

Bindi Metals vs Perseus Mining Correlation

Very weak diversification

Moving together with Bindi Stock

Moving against Bindi Stock

Specify up to 10 symbols:

Bindi Metals Competition Correlation Matrix

Risk-Adjusted Indicators

Bindi Metals Competitive Analysis

Bindi Metals Competition Performance Charts

Five steps to successful analysis of Bindi Metals Competition

Complement your Bindi Metals position

Did You Try This Idea?

Run Alternative Currency ETFs Thematic Idea Now

Alternative Currency ETFs

Additional Tools for Bindi Stock Analysis

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