GoldMining Competitors
| GLDG Stock | USD 1.42 0.05 3.65% |
GoldMining vs Olympic Steel Correlation
Very weak diversification
The correlation between GoldMining and ZEUS is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GoldMining and ZEUS in the same portfolio, assuming nothing else is changed.
Moving together with GoldMining Stock
Moving against GoldMining Stock
| 0.46 | ZFI1 | ZURICH INSURANCE | PairCorr |
| 0.45 | GEO | Empire Metals Limited | PairCorr |
| 0.42 | 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 GoldMining'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.
GoldMining Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between GoldMining 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 GoldMining 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 GoldMining 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 GoldMining Stock performing well and GoldMining 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 GoldMining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HYMC | 6.65 | 2.67 | 0.34 | (55.49) | 5.44 | 19.48 | 67.66 | |||
| VGZ | 4.73 | 0.66 | 0.12 | 0.56 | 5.16 | 11.63 | 33.87 | |||
| CTGO | 2.94 | 0.34 | 0.08 | 0.37 | 3.86 | 6.50 | 19.02 | |||
| DC | 3.06 | 0.55 | 0.16 | 0.39 | 3.10 | 8.15 | 29.80 | |||
| BGL | 8.66 | (0.88) | 0.00 | (0.30) | 0.00 | 13.74 | 124.55 | |||
| USAU | 3.40 | 0.14 | 0.04 | 0.19 | 4.13 | 7.02 | 24.87 | |||
| PLG | 4.70 | 0.16 | 0.05 | 0.13 | 5.76 | 8.91 | 37.93 | |||
| OEC | 2.82 | 0.30 | 0.10 | 0.20 | 3.58 | 6.67 | 16.69 | |||
| WWR | 5.29 | (0.40) | 0.00 | (0.19) | 0.00 | 11.82 | 28.86 | |||
| ZEUS | 1.79 | 0.49 | 0.24 | 0.49 | 1.62 | 4.51 | 10.97 |
Cross Equities Net Income Analysis
Compare GoldMining and related stocks such as Hycroft Mining Holding, Vista Gold, and Contango ORE Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HYMC | 47.7 M | 47.7 M | 47.7 M | 1.4 M | (518.9 M) | (2.8 K) | (2.8 K) | (2.8 K) | 1.7 M | (98.9 M) | (136.4 M) | (88.6 M) | (60.8 M) | (55 M) | (60.9 M) | (70 M) | (73.5 M) |
| VGZ | 400 K | 51.5 M | (70.7 M) | (59.5 M) | (18.9 M) | 1 M | (3.1 M) | (12 M) | (8.7 M) | (9.4 M) | 420 K | (15.2 M) | (4.9 M) | (6.6 M) | 11.2 M | 10.1 M | 10.6 M |
| CTGO | (1.1 M) | (2.9 M) | (4.3 M) | (10 M) | (9.2 M) | (3.6 M) | (1.2 M) | (2.8 M) | (6.2 M) | (8.4 M) | (9.2 M) | 23.9 M | (23.5 M) | (81.5 M) | (38 M) | (34.2 M) | (32.5 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) |
| BGL | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 8.7 M | 13.8 M | 5.1 M | 703 K | 632.7 K | 601 K |
| USAU | 4.2 M | (3.3 M) | (4.6 M) | (2.6 M) | (3.8 M) | (1.2 M) | (1.9 M) | (13.7 M) | (8 M) | (5.2 M) | (12.4 M) | (11.7 M) | (7.6 M) | (6.9 M) | (20.6 M) | (18.5 M) | (17.6 M) |
| PLG | (311 K) | (10.7 M) | (11.7 M) | (9.6 M) | (2.9 M) | (20.9 M) | (571.2 M) | (37.9 M) | (16.7 M) | (7.4 M) | (13.1 M) | (8 M) | (5.6 M) | (4.6 M) | (4.6 M) | (4.1 M) | (4.4 M) |
| OEC | (24 M) | (24 M) | (24 M) | (25.2 M) | (74.2 M) | 47.5 M | 49.4 M | 64.9 M | 121.3 M | 86.9 M | 18.2 M | 134.7 M | 106.2 M | 103.5 M | 44.2 M | 50.8 M | 55.3 M |
| WWR | (936.2 K) | (11.2 M) | (15.6 M) | (20.3 M) | (10.7 M) | (15.1 M) | (19.6 M) | (19.3 M) | (35.7 M) | (10.6 M) | (23.6 M) | (16.1 M) | (11.1 M) | (7.8 M) | (12.7 M) | (11.4 M) | (12 M) |
| 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 |
GoldMining and related stocks such as Hycroft Mining Holding, Vista Gold, and Contango ORE Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in GoldMining financial statement analysis. It represents the amount of money remaining after all of GoldMining operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.GoldMining Competitive Analysis
The better you understand GoldMining competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, GoldMining'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 GoldMining'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 |
GoldMining Competition Performance Charts
Five steps to successful analysis of GoldMining Competition
GoldMining'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 GoldMining in relation to its competition. GoldMining's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of GoldMining 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 GoldMining's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to GoldMining, 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 GoldMining Correlation with its peers. For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Can Diversified Metals & Mining industry sustain growth momentum? Does GoldMining have expansion opportunities? Factors like these will boost the valuation of GoldMining. Market participants price GoldMining higher when confident in its future expansion prospects. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating GoldMining demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Understanding GoldMining requires distinguishing between market price and book value, where the latter reflects GoldMining's accounting equity. The concept of intrinsic value - what GoldMining's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push GoldMining's price substantially above or below its fundamental value.
Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, GoldMining's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.