Dakota Competitors
| DC Stock | USD 6.03 0.17 2.90% |
Dakota Gold vs Valhi Correlation
Very weak diversification
The correlation between Dakota Gold Corp and VHI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dakota Gold Corp and VHI in the same portfolio, assuming nothing else is changed.
Moving together with Dakota Stock
Moving against Dakota Stock
| 0.85 | GEO | Empire Metals Limited | PairCorr |
| 0.6 | ADC | Acdc Metals | PairCorr |
| 0.41 | CDB | Cordoba Minerals Corp | PairCorr |
| 0.35 | PWM | Power Metals Corp | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dakota 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.
Dakota Gold Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Dakota Gold 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 Dakota 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 Dakota 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 Dakota Stock performing well and Dakota 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 Dakota 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZEUS | 1.85 | 0.48 | 0.19 | 1.65 | 1.86 | 4.51 | 10.97 | |||
| RYAM | 2.45 | 0.19 | 0.06 | 0.28 | 2.91 | 6.38 | 28.05 | |||
| DC | 3.06 | 0.55 | 0.16 | 0.39 | 3.10 | 8.15 | 29.80 | |||
| NFGC | 3.69 | 0.50 | 0.10 | 0.40 | 4.81 | 7.25 | 30.08 | |||
| NVAWW | 14.97 | 5.25 | 0.37 | 16.30 | 10.51 | 39.00 | 193.57 | |||
| NMG | 3.92 | (0.21) | 0.00 | (0.08) | 0.00 | 7.39 | 29.51 | |||
| TROX | 4.23 | 1.11 | 0.35 | 0.39 | 3.08 | 9.43 | 34.47 | |||
| VHI | 3.20 | 0.12 | 0.06 | 0.13 | 3.33 | 8.56 | 19.23 |
Cross Equities Net Income Analysis
Compare Dakota Gold Corp and related stocks such as Olympic Steel, Rayonier Advanced, and Dakota Gold Corp Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZEUS | 900 K | 25 M | 2.3 M | 7.6 M | (19.1 M) | (26.8 M) | (1.1 M) | 19 M | 33.8 M | 3.9 M | (5.6 M) | 121.1 M | 90.9 M | 44.5 M | 23 M | 26.4 M | 16.7 M |
| RYAM | 213.8 M | 213.8 M | 242.1 M | 219.8 M | 31.7 M | 55 M | 73 M | 325 M | 128 M | (22.4 M) | 555 K | 66.4 M | (14.9 M) | (101.8 M) | (39 M) | (35.1 M) | (33.3 M) |
| DC | (423.2 K) | (423.2 K) | (423.2 K) | (423.2 K) | (423.2 K) | (423.2 K) | (423.2 K) | (477 K) | 20.9 K | (176.3 K) | 26 M | (25.7 M) | (25.7 K) | (36.4 M) | (33.9 M) | (30.5 M) | (29 M) |
| NFGC | (1.3 M) | (1.3 M) | (1.3 M) | (1.3 M) | (1.3 M) | (1.3 M) | (1.3 M) | (1.3 M) | (1.3 M) | (4 M) | (32.5 M) | (50.6 M) | (90 M) | (79.9 M) | (50.3 M) | (45.2 M) | (47.5 M) |
| NVAWW | (860 K) | (404.4 K) | (216.4 K) | (1.1 M) | (168.5 K) | (2.1 M) | (1.6 M) | (1.4 M) | (2.6 M) | (4.2 M) | (3.1 M) | 34.7 M | (11.5 M) | (16.3 M) | (11 M) | (9.9 M) | (9.4 M) |
| NMG | (103.3 K) | (103.3 K) | (1.4 M) | (1.6 M) | (1.2 M) | (1.3 M) | (2 M) | (5 M) | (8.1 M) | (13.1 M) | (18 M) | (39.9 M) | (47.7 M) | (56 M) | (73.3 K) | (66 K) | (69.3 K) |
| TROX | (107.4 M) | 872.8 M | 1.1 B | (126 M) | (427 M) | (318 M) | (61 M) | (285 M) | (7 M) | (109 M) | 969 M | 286 M | 497 M | (316 M) | (48 M) | (55.2 M) | (52.4 M) |
| VHI | 18.2 M | 217.5 M | 159.8 M | (98 M) | 53.8 M | (133.6 M) | (15.9 M) | 207.5 M | 262.2 M | 49.2 M | 55.2 M | 127.2 M | 87.2 M | (9.9 M) | 108 M | 124.2 M | 65.6 M |
Dakota Gold Corp and related stocks such as Olympic Steel, Rayonier Advanced, and Dakota Gold Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Dakota Gold Corp financial statement analysis. It represents the amount of money remaining after all of Dakota Gold Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Dakota Gold Competitive Analysis
The better you understand Dakota Gold competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Dakota 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 Dakota 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 |
Dakota Gold Competition Performance Charts
Five steps to successful analysis of Dakota Gold Competition
Dakota 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 Dakota Gold Corp in relation to its competition. Dakota Gold's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Dakota 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 Dakota Gold's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Dakota 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.
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Check out Dakota Gold Correlation with its peers. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Will Diversified Metals & Mining sector continue expanding? Could Dakota diversify its offerings? Factors like these will boost the valuation of Dakota Gold. Projected growth potential of Dakota fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Dakota Gold data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Understanding Dakota Gold Corp requires distinguishing between market price and book value, where the latter reflects Dakota's accounting equity. The concept of intrinsic value - what Dakota Gold's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Dakota Gold's price substantially above or below its fundamental value.
It's important to distinguish between Dakota Gold's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Dakota Gold should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Dakota Gold's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.