Azarga Competitors

Pink Sheets . USA . 
Stock . Azarga Metals Corp
EUUNF Stock  USD 0.11  0.01  10.00%   
Azarga Metals Corp competes with CMX Gold, Orestone Mining, Durango Resources, Core Assets, and York Harbour; as well as few others. The company classifies itself under Metals & Mining sector and is part of Materials industry. Analyzing Azarga 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 Azarga Metals to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Azarga Metals Correlation with its peers.

Azarga Metals vs International Lithium Correlation

Very good diversification

The correlation between Azarga Metals Corp and ILHMF is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azarga Metals Corp and ILHMF in the same portfolio, assuming nothing else is changed.

Moving together with Azarga Pink Sheet

  0.69PBMRF PT Bumi ResourcesPairCorr

Moving against Azarga Pink Sheet

  0.63HPQ HP IncPairCorr
  0.48MMM 3M CompanyPairCorr
  0.43CMWCF Cromwell PropertyPairCorr
  0.42MAPSW WM TechnologyPairCorr
  0.41PBCRF PT Bank CentralPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
0.010.107.41
Details
Intrinsic
Valuation
LowRealHigh
0.000.087.39
Details
Naive
Forecast
LowNextHigh
00.107.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.080.100.12
Details

Azarga Metals Competition Correlation Matrix

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

High positive correlations

ATOXF
+ 0.77
CXXMF
YORKF
+ 0.71
GARWF
CCOOF
+ 0.63
ATOXF
YORKF
+ 0.61
CXXMF
GARWF
+ 0.58
CXXMF
ARXRF
+ 0.5
CCOOF
  

High negative correlations

ILHMF
- 0.47
ORESF
ILHMF
- 0.44
YORKF
ILHMF
- 0.41
TNTMF
MLYCF
- 0.41
TNTMF
ILHMF
- 0.4
GARWF
CCOOF
- 0.39
TNTMF

Risk-Adjusted Indicators

There is a big difference between Azarga Pink Sheet performing well and Azarga 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 Azarga 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CXXMF  2.63  1.35  0.00 (0.60) 0.00 
 0.00 
 9.52 
 0.00 
 46.15 
TNTMF  14.38  3.39  0.10 (0.57) 14.54 
(32.71)
 45.75 
(34.37)
 153.31 
ORESF  6.74  1.57  0.12  0.94  6.48 
(14.01)
 22.22 
(15.62)
 55.56 
ATOXF  6.54  0.89  0.12  8.55  6.54 
(8.60)
 14.37 
(12.41)
 34.65 
CCOOF  3.53  0.29  0.03 (0.17) 3.89 
(4.88)
 7.69 
(6.67)
 22.38 
GARWF  5.35  0.66  0.06  0.26  6.44 
(12.64)
 25.00 
(20.00)
 45.00 
YORKF  12.60  2.12  0.09 (0.75) 13.61 
(18.48)
 29.73 
(25.07)
 95.92 
ARXRF  6.37  0.30  0.02 (0.15) 7.84 
(7.23)
 16.82 
(10.83)
 47.09 
MLYCF  23.51  8.26  0.00 (2.46) 0.00 
 0.00 
 0.00 
(50.00)
 450.00 
ILHMF  9.07  1.19  0.07 (1.81) 11.96 
(13.06)
 24.17 
(14.29)
 86.00 

Azarga Metals Competitive Analysis

The better you understand Azarga Metals competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Azarga 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 Azarga 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
EUUNF CXXMF TNTMF ORESF ATOXF CCOOF GARWF YORKF ARXRF MLYCF
 10.00 
 0.11 
Azarga
 13.04 
 0.20 
CMX
 77.38 
 0.07 
Transition
 22.22 
 0.11 
Orestone
 7.14 
 0.13 
Durango
 1.54 
 0.64 
Core
 0.43 
 0.07 
Golden
 8.33 
 0.11 
York
 10.00 
 0.03 
Infinite
 0.00 
 0 
American
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Market Performance
(90 Days Performance)
Mild
Good
Fair
Good
Good
Soft
Fair
Fair
Soft
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Small
Average
Average
Average
Moderate
High
Low
High
Moderate
Average
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over 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
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
0.17
0.11
16.13
5.34
1.51
3.7
22.5
25.54
19.48
0.09
Net Asset
1.27 M
670.88 K
4.84 M
3.75 M
987.62 K
7.1 M
17.24 M
6.8 M
13.01 M
26.69 M
EBITDA
(9.07 M)
204.93 K
(1.78 M)
(602.58 K)
(323.59 K)
(2.24 M)
(5.91 M)
(2.32 M)
(682.3 K)
(1.39 M)
Current Valuation
4.27 M
5.43 M
(86 K)
1.02 M
2.89 M
14.66 M
5.12 M
22.81 M
9.82 M
10.51 M
Price To Book
2.23
10.95
0.79
0.66
5.56
4.21
1.26
1.47
1.77
0.34
Retained Earnings
(126.52 M)
N/A
N/A
N/A
N/A
N/A
(26.68 M)
N/A
N/A
(41.06 M)
Current Asset
1.07 M
N/A
N/A
N/A
N/A
N/A
4.29 M
N/A
N/A
250 K
Beta
1.11
-0.15
1.3
1.95
0.71
-0.25
1.19
2.05
1.56
0.0575
Number Of Employees
12
3
14
4
12
2
13
4
11
15
Shares Outstanding
208.08 M
69.49 M
57.36 M
56.66 M
94.21 M
77.78 M
115.17 M
68.53 M
220.55 M
251.36 M
Cash Flow From Operations
(923.49 K)
(266.67 K)
(2.13 M)
(454.61 K)
(69.6 K)
(854.71 K)
(5.28 M)
(1.26 M)
(628.06 K)
(1.56 M)
Total Debt
6.13 M
14.58 K
N/A
N/A
N/A
N/A
291.69 K
N/A
N/A
6.16 M
Return On Equity
-15.04
N/A
-0.65
-0.0925
-1.36
-0.46
-0.48
-0.33
-0.32
-0.11
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
17.2
N/A
N/A
-0.8
Return On Asset
-1.13
-0.48
-0.19
-0.0556
-0.78
-0.27
-0.35
-0.12
-0.0486
-0.0374
Book Value Per Share
-0.007
0.011
0.06
0.058
0.009
0.088
0.1
0.27
0.05
0.059
Current Liabilities
389 K
N/A
N/A
N/A
N/A
N/A
1.33 M
N/A
N/A
1.01 M
Total Asset
1.27 M
670.88 K
4.84 M
3.75 M
987.62 K
7.1 M
17.24 M
6.8 M
13.01 M
26.69 M
Debt To Equity
2.09
0.05
N/A
N/A
0.03
N/A
0.022
N/A
0.5
0.79
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
10.58
0.5
N/A
2.08
N/A
Market Capitalization
2.08 M
4.72 M
3.65 M
1.91 M
4.93 M
14.16 M
9.21 M
23.89 M
17.69 M
7.57 M
Price To Earning
-2.36
N/A
0.81
N/A
N/A
N/A
1.59
N/A
-1.94
-4.27
Price To Sales
N/A
N/A
75.01
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Net Income
(9.59 M)
139.01 K
(4.48 M)
(552.42 K)
(2.37 M)
(2.22 M)
(6.05 M)
(2.57 M)
(497.87 K)
(1.6 M)
Earnings Per Share
-0.061
N/A
-0.03
-0.008
N/A
-0.023
-0.04
-0.065
-0.003
-0.009
Shares Owned By Insiders
46.55
44.28
5.49
8.0
6.31
28.49
9.13
23.65
1.4
6.9
Working Capital
684 K
N/A
N/A
N/A
N/A
N/A
2.95 M
N/A
N/A
(761 K)
Cash And Equivalents
257.01 K
45.1 K
3.84 M
315.31 K
171.47 K
3.05 M
8.56 M
8.57 M
3.93 M
563.32 K
Cash Per Share
N/A
N/A
0.07
0.01
N/A
0.04
0.07
0.14
0.02
N/A
Gross Profit
N/A
N/A
5.49 K
(15.8 K)
N/A
N/A
(69.52 K)
N/A
N/A
N/A
Day Typical Price
0.11
0.2
0.0745
0.11
0.13
0.66
0.0677
0.11
0.0269
0.001
Accumulation Distribution
18.67
N/A
N/A
N/A
17793.57
763.39
15393.98
99270.0
2625.45
N/A
Daily Balance Of Power
1.0
0
9.2 T
9.2 T
(1.00)
(0.14)
(0.04)
(0.21)
1.315789
0.0
Period Momentum Indicator
0.01
(0.03)
0.0325
0.02
(0.01)
(0.01)
(0.0003)
(0.01)
0.0025
N/A
Rate Of Daily Change
1.1
0.87
1.77
1.22
0.93
0.98
1.0
0.92
1.1
1.0
Day Median Price
0.12
0.2
0.0745
0.11
0.14
0.68
0.0668
0.11
0.0266
0.001
Price Action Indicator
N/A
(0.01)
0.0162
0.01
(0.01)
(0.04)
0.0028
(0)
0.0022
N/A
Relative Strength Index
57.13
75.35
53.36
66.35
61.88
60.02
59.16
55.02
55.39
29.11
Coefficient Of Variation
1560.27
531.85
844.97
602.89
966.76
2312.91
1066.97
947.15
3995.75
807.53
Mean Deviation
3.88
2.63
14.38
6.74
6.54
3.53
5.35
12.6
6.37
23.51
Jensen Alpha
0.5482
1.35
3.39
1.57
0.8927
0.2905
0.6613
2.12
0.3024
8.26
Total Risk Alpha
(0.18)
0.6419
0.7677
0.7842
0.1236
(0.24)
0.0421
0.3127
(0.56)
2.3
Sortino Ratio
0.0411
N/A
0.1049
0.1175
0.1158
0.0291
0.0555
0.0895
0.0161
N/A
Downside Variance
84.38
N/A
808.68
190.61
51.96
24.53
216.45
446.93
80.0
N/A
Standard Deviation
7.05
6.53
25.84
10.23
8.79
5.07
9.51
18.62
8.75
65.05
Kurtosis
4.69
35.83
7.04
1.67
1.21
3.11
2.07
2.44
1.02
26.17
Potential Upside
13.59
9.52
45.75
22.22
14.37
7.69
25.0
29.73
16.82
N/A
Treynor Ratio
(0.27)
(0.60)
(0.57)
0.9444
8.55
(0.17)
0.2601
(0.75)
(0.15)
(2.46)
Maximum Drawdown
42.07
46.15
153.31
55.56
34.65
22.38
45.0
95.92
47.09
450.0
Variance
49.74
42.69
667.53
104.7
77.31
25.7
90.41
346.74
76.6
4231.59
Market Risk Adjusted Performance
(0.26)
(0.59)
(0.56)
0.9544
8.56
(0.16)
0.2701
(0.74)
(0.14)
(2.45)
Risk Adjusted Performance
0.0561
0.1471
0.0967
0.1313
0.0852
0.0403
0.0781
0.0872
0.0276
0.1009
Skewness
1.23
5.34
1.91
0.6332
0.7381
1.0
0.5177
0.6449
0.3697
4.83
Semi Deviation
4.59
N/A
14.54
6.48
6.54
3.89
6.44
13.61
7.84
N/A
Information Ratio
0.0535
0.1766
0.1154
0.1585
0.0949
0.0285
0.0858
0.1016
0.0165
0.1227
Value At Risk
(11.84)
N/A
(34.38)
(15.62)
(12.41)
(6.67)
(20.00)
(25.07)
(10.83)
(50.00)
Expected Short fall
(9.60)
N/A
(32.71)
(14.01)
(8.60)
(4.88)
(12.64)
(18.48)
(7.23)
N/A
Downside Deviation
9.19
N/A
28.44
13.81
7.21
4.95
14.71
21.14
8.94
N/A
Semi Variance
21.05
N/A
211.43
41.96
42.83
15.11
41.53
185.17
61.49
N/A

Azarga Metals Competition Performance Charts

Five steps to successful analysis of Azarga Metals Competition

Azarga 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 Azarga Metals Corp in relation to its competition. Azarga Metals' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Azarga 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 Azarga Metals' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Azarga Metals 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.
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 Azarga Pink Sheet

Azarga Metals financial ratios help investors to determine whether Azarga 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 Azarga with respect to the benefits of owning Azarga Metals security.
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