Canada Competitors

CNIKF Stock

USD 1.45 0.07 4.61%

Canada Nickel competes with Centaurus Metals, Aftermath Silver, Talga Group, Cerro De, and Talisker Resources; as well as few others. The company classifies itself under Basic Materials sector and is part of Other Industrial Metals & Mining industry. Analyzing Canada Nickel 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 Canada Nickel to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Canada Nickel Correlation with its peers.

Canada Nickel vs Power Nickel Correlation

Almost no diversification

The correlation between Canada Nickel and PNPNF is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canada Nickel and PNPNF in the same portfolio, assuming nothing else is changed.

Moving together with Canada OTC Stock

0.77	BHPLF	BHP Group Limited Earnings Call This Week	Pair Corr
0.82	RIO	Rio Tinto ADR Earnings Call This Week	Pair Corr
0.8	BHP	BHP Group Limited Earnings Call This Week	Pair Corr
0.73	RTNTF	Rio Tinto Group Earnings Call This Week	Pair Corr
0.81	RTPPF	Rio Tinto Group Earnings Call This Week	Pair Corr

Moving against Canada OTC Stock

0.9	HPQ	HP Inc	Pair Corr
0.62	MSFT	Microsoft Sell-off Trend	Pair Corr
0.38	AXP	American Express	Pair Corr
0.35	IBM	International Business	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
0.07	1.45	6.50

Details

Intrinsic

Valuation

Low	Real	High
0.07	1.36	6.42

Details

Canada Nickel Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Canada Nickel and its competitors represents the degree of relationship between the price movements of corresponding otcs. A correlation of about +1.0 implies that the price of Canada 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 Canada Nickel does not affect the price movement of the other competitor.

	CTTZF	AAGFF	TLGRF	GPPRF	TSKFF	BTRYF	MDNGF	ARRNF	ECGFF	PNPNF
CTTZF		0.88	0.18	0.81	0.87	0.31	0.57	0.39	0.0	0.93	CTTZF
AAGFF	0.88		0.1	0.74	0.78	0.22	0.52	0.16	0.0	0.8	AAGFF
TLGRF	0.18	0.1		0.32	0.44	0.0	0.05	0.52	0.0	0.2	TLGRF
GPPRF	0.81	0.74	0.32		0.91	0.15	0.25	0.58	0.0	0.79	GPPRF
TSKFF	0.87	0.78	0.44	0.91		0.16	0.43	0.63	0.0	0.83	TSKFF
BTRYF	0.31	0.22	0.0	0.15	0.16		0.38	0.16	0.0	0.32	BTRYF
MDNGF	0.57	0.52	0.05	0.25	0.43	0.38		0.16	0.0	0.57	MDNGF
ARRNF	0.39	0.16	0.52	0.58	0.63	0.16	0.16		0.0	0.47	ARRNF
ECGFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ECGFF
PNPNF	0.93	0.8	0.2	0.79	0.83	0.32	0.57	0.47	0.0		PNPNF
	CTTZF	AAGFF	TLGRF	GPPRF	TSKFF	BTRYF	MDNGF	ARRNF	ECGFF	PNPNF

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High positive correlations

PNPNF	+ 0.93	CTTZF
TSKFF	+ 0.91	GPPRF
AAGFF	+ 0.88	CTTZF
TSKFF	+ 0.87	CTTZF
PNPNF	+ 0.83	TSKFF
GPPRF	+ 0.81	CTTZF

High negative correlations

PNPNF	- 0.0	ECGFF
ECGFF	- 0.0	ARRNF
ECGFF	- 0.0	MDNGF
ECGFF	- 0.0	BTRYF
ECGFF	- 0.0	TSKFF
ECGFF	- 0.0	GPPRF

Risk-Adjusted Indicators

There is a big difference between Canada OTC Stock performing well and Canada Nickel OTC Stock 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 Canada Nickel'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
CTTZF	3.80	0.90	0.16	(37.12)	3.67	(5.39)	10.71	(6.98)	28.11
AAGFF	4.93	0.97	0.16	(1.86)	4.81	(6.20)	12.73	(8.47)	26.94
TLGRF	5.11	0.15	0.00	(0.11)	5.77	(8.53)	13.33	(12.50)	32.50
GPPRF	3.80	0.73	0.15	1.59	3.27	(6.00)	9.76	(5.66)	28.12
TSKFF	4.38	0.48	0.10	0.28	4.99	(4.90)	9.57	(7.48)	24.26
BTRYF	14.72	3.12	0.08	(0.40)	16.17	(33.03)	46.43	(37.21)	103.88
MDNGF	3.65	(0.14)	0.00	(0.10)	0.00	0.00	6.98	(7.69)	24.14
ARRNF	4.31	0.10	0.02	0.13	4.83	(6.70)	12.90	(10.00)	26.81
ECGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PNPNF	4.05	0.31	0.08	0.24	3.84	(5.59)	9.72	(5.50)	31.10

Canada Nickel Competitive Analysis

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

	CNIKF	CTTZF	AAGFF	TLGRF	GPPRF	TSKFF	BTRYF	MDNGF	ARRNF	ECGFF
	4.61 1.45 Canada	11.90 0.47 Centaurus	1.27 0.78 Aftermath	15.15 0.28 Talga	2.00 0.49 Cerro	9.33 1.36 Talisker	71.43 0.48 Battery	4.00 0.96 Midnight	3.45 0.28 American	0.00 0 EcoGraf
Market Volatility (90 Days Market Risk)	Dangerous	Out of control	Out of control	Out of control	Out of control	Extremely Dangerous	Out of control	Abnormally volatile	Out of control	Very steady
Market Performance (90 Days Performance)	Good	Solid	Good	Weak	Good	Good	Fair	Weak	Weak	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Moderate	Fair	Low	High	Low	Low	Low	High	High	High
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over 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	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Strong Sell	Strong Sell	Strong Sell	Hold	Cautious Hold	Strong Sell	Strong Sell	Strong Sell	Strong Sell
Current Ratio	1.21	7.11	0.12	2.86	0.86	1.23	3.89	14.79	8.02	20.73
Net Asset	144.31 M	26.85 M	28.08 M	33.15 M	48.58 M	60.74 M	20.84 M	20.78 M	16.93 M	65.73 M
Profit Margin	N/A	N/A	N/A	N/A	-0.21	N/A	N/A	N/A	N/A	N/A
EBITDA	(2.39 M)	(16.86 M)	(8.13 M)	(33.74 M)	(828.7 K)	(41.7 M)	(5.75 M)	(1.88 M)	(4.12 M)	(8.19 M)
Current Valuation	142.53 M	308.59 M	37.76 M	327.62 M	28.01 M	31.72 M	5.37 M	18.12 M	54.81 M	43.1 M
Price To Book	1.6	7.13	3.13	18.33	11.22	2.17	0.76	1.98	6.79	2.19
Operating Margin	N/A	N/A	N/A	N/A	-0.13	N/A	-28.88	N/A	-94.51	N/A
Beta	2.78	1.22	3.39	1.92	0.37	0.31	0.27	0.9	-0.43	0.84
Number Of Employees	3	11	4	11	10	6	6	9	7	3
Shares Outstanding	113.85 M	427.11 M	171.17 M	334.33 M	287.85 M	384.08 M	2.94 B	117.69 M	446.38 M	450.33 M
Cash Flow From Operations	(1.87 M)	(15.22 M)	(5.89 M)	(26.55 M)	(10.93 M)	(38.14 M)	(5.73 M)	(869.15 K)	(2.34 M)	(5.99 M)
Total Debt	156.77 K	872.85 K	779.58 K	1.7 M	812.19 K	441.77 K	153.07 K	40 K	173.36 K	N/A
Return On Equity	-0.0666	-0.6	-0.44	-0.9	0.74	-0.94	-0.32	-0.11	-0.16	-0.11
Z Score	N/A	N/A	22.2	N/A	18.6	40.2	41.4	N/A	N/A	N/A
Return On Asset	-0.0565	-0.32	-0.14	-0.43	-0.16	-0.37	-0.2	-0.0618	-0.18	-0.0682
Book Value Per Share	1.05	0.17	0.12	0.087	-0.034	0.065	0.007	0.12	0.04	0.14
Total Asset	144.31 M	26.85 M	28.08 M	33.15 M	48.58 M	60.74 M	20.84 M	20.78 M	16.93 M	65.73 M
Debt To Equity	0.001	0.012	0.043	0.063	1.1	0.02	0.008	0.003	0.01	N/A
Shares Owned By Institutions	2.37	20.0	3.67	2.39	18.53	20.24	N/A	N/A	16.31	18.25
Market Capitalization	149.22 M	347.45 M	29 M	386.15 M	25.68 M	29.96 M	10.57 M	22.36 M	83.74 M	94.12 M
Price To Earning	N/A	N/A	N/A	-13.65	N/A	N/A	N/A	-27.02	N/A	N/A
Price To Sales	N/A	1458.48	N/A	20687.08	0.58	N/A	37.26	N/A	1525.34	186.67
Net Income	(5.54 M)	(16.99 M)	(8.77 M)	(36.8 M)	(2.61 M)	(37.69 M)	(6.11 M)	(1.9 M)	(2.04 M)	(7.5 M)
Earnings Per Share	-0.059	-0.035	-0.042	-0.071	N/A	-0.12	-0.002	-0.013	-0.001	-0.012
Shares Owned By Insiders	4.03	35.84	14.25	9.99	22.73	16.69	24.12	8.36	27.52	12.05
Revenue	N/A	265.86 K	N/A	16.42 K	9.11 M	N/A	227.69 K	N/A	40.97 K	561 K
Cash And Equivalents	8.76 M	60.13 M	382.73 K	13.01 M	4.84 M	6.42 M	2.58 M	1.7 M	6.34 M	46.73 M
Cash Per Share	0.08	0.14	N/A	0.04	0.02	0.02	N/A	0.01	0.01	0.1
Gross Profit	N/A	265.86 K	(4.26 M)	(6.89 M)	3.32 M	(1.43 M)	(1.12 M)	N/A	40.97 K	503 K
Day Typical Price	1.46	0.46	0.77	0.3	0.49	1.4	0.42	0.97	0.28	0.0012
Accumulation Distribution	846.71	3191.49	0.075	0.15	5647.06	17814.2	0.38	12699.48	103603.0	N/A
Market Facilitation Index	0.0	0.0	0.06	0.05	N/A	0.0	0.18	N/A	N/A	N/A
Daily Balance Of Power	(0.70)	1.666667	(0.17)	(1.00)	(0.33)	(1.00)	1.111111	(0.67)	(0.25)	0.0
Period Momentum Indicator	(0.07)	0.05	(0.01)	(0.05)	(0.01)	(0.14)	0.2	(0.04)	(0.01)	N/A
Rate Of Daily Change	0.95	1.12	0.99	0.85	0.98	0.91	1.71	0.96	0.97	1.0
Day Median Price	1.47	0.45	0.77	0.31	0.5	1.42	0.39	0.97	0.28	0.0012
Price Action Indicator	(0.06)	0.04	0.005	(0.05)	(0.01)	(0.13)	0.19	(0.03)	(0.01)	N/A
Coefficient Of Variation	494.63	556.36	637.68	7158.47	659.37	854.56	869.99	(6,741)	2593.15	N/A
Mean Deviation	4.41	3.8	4.93	5.11	3.8	4.38	14.72	3.65	4.31	N/A
Jensen Alpha	1.14	0.9037	0.9738	0.1486	0.727	0.4778	3.12	(0.14)	0.1	N/A
Total Risk Alpha	0.6976	0.46	0.4115	(0.54)	0.3181	0.1556	0.6341	(0.51)	(0.30)	N/A
Sortino Ratio	0.2267	0.1567	0.1633	0.0025	0.1526	0.1046	0.0817	N/A	0.0219	N/A
Downside Variance	26.29	28.12	28.23	68.26	20.45	29.4	995.58	N/A	48.19	N/A
Standard Deviation	6.15	5.07	6.05	7.23	5.08	5.54	23.14	4.88	6.04	N/A
Kurtosis	4.01	1.23	(0.31)	0.3655	1.65	(0.47)	1.9	0.8721	0.5049	N/A
Potential Upside	10.42	10.71	12.73	13.33	9.76	9.57	46.43	6.98	12.9	N/A
Treynor Ratio	0.8873	(37.12)	(1.86)	(0.11)	1.59	0.2818	(0.40)	(0.1)	0.1284	N/A
Maximum Drawdown	38.74	28.11	26.94	32.5	28.12	24.26	103.88	24.14	26.81	N/A
Variance	37.83	25.74	36.56	52.34	25.83	30.65	535.52	23.8	36.43	N/A
Market Risk Adjusted Performance	0.8973	(37.11)	(1.85)	(0.10)	1.6	0.2918	(0.39)	(0.09)	0.1384	N/A
Risk Adjusted Performance	0.1729	0.1544	0.136	0.0202	0.1316	0.1036	0.103	(0)	0.04	N/A
Skewness	1.21	0.5028	0.1852	0.3391	0.8922	0.0504	0.3636	(0.57)	0.3194	N/A
Semi Deviation	4.0	3.67	4.81	5.77	3.27	4.99	16.17	N/A	4.83	N/A
Information Ratio	0.189	0.1638	0.1435	0.0028	0.1358	0.1024	0.1115	(0.03)	0.0252	N/A
Value At Risk	(7.51)	(6.98)	(8.47)	(12.50)	(5.66)	(7.48)	(37.21)	(7.69)	(10.00)	N/A
Expected Short fall	(5.35)	(5.39)	(6.20)	(8.53)	(6.00)	(4.90)	(33.03)	N/A	(6.70)	N/A
Downside Deviation	5.13	5.3	5.31	8.26	4.52	5.42	31.55	N/A	6.94	N/A
Semi Variance	15.96	13.5	23.1	33.27	10.68	24.94	261.42	N/A	23.29	N/A

Canada Nickel Competition Performance Charts

Five steps to successful analysis of Canada Nickel Competition

Canada Nickel'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 Canada Nickel in relation to its competition. Canada Nickel's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Canada Nickel 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 Canada Nickel's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Canada Nickel, 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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Other Information on Investing in Canada OTC Stock

Canada Nickel financial ratios help investors to determine whether Canada OTC 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 Canada with respect to the benefits of owning Canada Nickel security.

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