Independence Competitors

OTC Stocks . USA . 
Stock . Independence Gold Corp
IEGCF Stock  USD 0.08  0  5.20%   
Independence Gold Corp competes with Rise Gold, King Global, Blue Star, Brunswick Exploration, and Kalo Gold; as well as few others. The company classifies itself under Metals & Mining sector and is part of Materials industry. Analyzing Independence Gold 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 Independence Gold to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Independence Gold Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Independence Gold competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Independence 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.
Hype
Prediction
LowEstimatedHigh
0.000.087.41
Details
Intrinsic
Valuation
LowRealHigh
0.000.077.40
Details
Naive
Forecast
LowNextHigh
00.077.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.060.070.09
Details

Independence Gold Competition Correlation Matrix

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

High positive correlations

TAJIF
+ 0.89
SIREF
SIREF
+ 0.75
BRWXF
BRWXF
+ 0.68
RYES
BARUF
+ 0.68
KGLDF
TAJIF
+ 0.65
BRWXF
KGLDF
+ 0.6
RMETF
  

High negative correlations

TAJIF
- 0.77
RMETF
SIREF
- 0.77
RMETF
GDXRF
- 0.64
RMETF
BRWXF
- 0.6
RMETF
TAJIF
- 0.47
KGLDF
GDXRF
- 0.4
BARUF

Risk-Adjusted Indicators

There is a big difference between Independence OTC Stock performing well and Independence Gold 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 Independence 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RYES  6.08  0.75  0.10  0.46  5.70 
(10.46)
 15.79 
(10.00)
 35.71 
RMETF  8.49 (0.69) 0.00 (5.91) 0.00 
 0.00 
 18.18 
(17.33)
 63.50 
KGLDF  2.68 (0.49) 0.00 (0.66) 0.00 
 0.00 
 7.32 
(9.52)
 20.87 
BAUFF  5.54  0.26  0.03  0.15  6.91 
(12.72)
 16.67 
(13.33)
 59.82 
BRWXF  7.46  1.59  0.18 (28.68) 6.05 
(12.68)
 20.00 
(12.50)
 46.38 
KLGDF  42.33  16.83  0.55  0.99  21.45 
(56.80)
 286.64 
(74.88)
 380.67 
BARUF  4.68 (0.11) 0.00 (0.13) 0.00 
 0.00 
 12.45 
(9.14)
 39.71 
SIREF  6.07  1.87  0.29  1.59  4.59 
(8.62)
 14.71 
(8.33)
 80.26 
TAJIF  5.82  3.22  0.00 (1.74) 0.00 
 0.00 
 6.25 
 0.00 
 155.81 
GDXRF  43.60  18.34  0.00  0.75  0.00 
 0.00 
 0.00 
 0.00 
 990.00 
All Fundamental Data

Independence Gold Competitive Analysis

The better you understand Independence Gold competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Independence 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 Independence 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
IEGCF RYES RMETF KGLDF BAUFF BRWXF KLGDF BARUF SIREF TAJIF
 5.20 
 0.08 
Independence
 5.71 
 0.37 
Rise
 1.59 
 0.06 
Rackla
 4.55 
 0.42 
King
 13.33 
 0.17 
Blue
 27.78 
 0.23 
Brunswick
 4.35 
 0.22 
Kalo
 4.94 
 0.05 
Baru
 6.67 
 0.14 
Sirios
 0.00 
 0.17 
Tajiri
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)
Weakest
Good
Weakest
Weakest
Soft
Good
Good
Weakest
Good
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Small
Low
High
High
Fair
Average
Strong
Small
Average
Average
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over 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)
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Sell
Strong Sell
Sell
Strong Sell
Current Ratio
1.43
9.3
15.86
1.22
0.51
3.67
1.04
0.4
3.04
0.49
Net Asset
7.01 M
5.69 M
1.32 M
2.92 M
23.75 M
6.29 M
454.69 K
8.2 M
33.76 M
3.59 M
EBITDA
(8.81 M)
(3.17 M)
(211.82 K)
(609.3 K)
(2.88 M)
124.96 K
(2.69 M)
(2.08 M)
(931.03 K)
(312.16 K)
Current Valuation
6.42 M
9.54 M
8.71 M
1.09 M
11.57 M
51.6 M
2.55 M
3.64 M
10.01 M
3.2 M
Price To Book
2.11
2.4
13.63
0.74
0.57
12.15
35.79
0.96
0.39
1.03
Retained Earnings
N/A
(1.41 M)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Current Asset
N/A
129 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
2.18
-0.49
1.05
1.28
0.0432
0.77
N/A
1.14
1.32
1.83
Number Of Employees
12
1
9
3
7
3
13
4
14
11
Shares Outstanding
130.45 M
37.24 M
58.2 M
15.58 M
64.17 M
169.55 M
118.65 M
204.86 M
268.33 M
125.76 M
Cash Flow From Operations
(2.57 M)
(2.69 M)
(63.76 K)
(836.32 K)
(1.92 M)
(1.26 M)
(2.1 M)
(2.3 M)
(398.25 K)
(105.78 K)
Total Debt
556.74 K
1.36 M
N/A
532.17 K
2.47 M
301.78 K
N/A
933.73 K
40 K
N/A
Return On Equity
-1.14
-1.13
-1.5
-0.82
-0.0689
-0.66
-38.94
-0.51
-0.0446
-0.75
Z Score
8.7
7.8
N/A
N/A
2.4
N/A
-16.5
3.6
N/A
N/A
Return On Asset
-0.64
-0.37
-0.78
-0.0722
-0.0334
-0.32
-1.72
-0.16
-0.0119
-0.42
Book Value Per Share
0.041
0.089
0.024
0.13
0.4
0.04
-0.004
0.021
0.13
0.025
Current Liabilities
N/A
174 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
7.01 M
5.69 M
1.32 M
2.92 M
23.75 M
6.29 M
454.69 K
8.2 M
33.76 M
3.59 M
Debt To Equity
0.12
0.26
N/A
0.25
0.1
0.1
7.2
0.046
0.001
N/A
Target Price
N/A
2.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
14.06
N/A
N/A
1.11
N/A
6.49
3.4
0.96
Market Capitalization
11.45 M
18.99 M
14.23 M
116.95 K
11.55 M
118.69 M
12.58 M
5.74 M
14.49 M
5.45 M
Price To Earning
-2.63
-1.8
-11.18
N/A
N/A
N/A
2.21
N/A
N/A
N/A
Net Income
(8.95 M)
(3.46 M)
(221.82 K)
(637.3 K)
(3.68 M)
(64.19 K)
(2.72 M)
(2.3 M)
(769.7 K)
(3.25 M)
Earnings Per Share
-0.076
-0.1
-0.032
-0.003
-0.042
N/A
-0.057
-0.009
N/A
-0.011
Shares Owned By Insiders
23.59
38.9
23.01
10.19
69.82
28.33
20.96
5.06
12.93
19.82
Working Capital
N/A
(45 K)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
323.93 K
1.38 M
1.21 M
927.99 K
1.17 M
2.95 M
198.48 K
91.69 K
462.78 K
45.2 K
Cash Per Share
N/A
0.04
0.03
0.01
0.02
0.02
N/A
N/A
N/A
N/A
Gross Profit
(1.28 K)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(45.7 K)
N/A
Day Typical Price
0.0805
0.38
0.062
0.42
0.16
0.22
0.22
0.05
0.14
0.17
Accumulation Distribution
39159.46
8549.9
N/A
N/A
0.12
58218.0
0.0435
N/A
54143.64
N/A
Market Facilitation Index
N/A
N/A
N/A
N/A
0.02
N/A
0.01
N/A
N/A
N/A
Daily Balance Of Power
0.3171
0.5
(9,223,372,036,855)
(9,223,372,036,855)
1.0
0.8333
(1.00)
(9,223,372,036,855)
(1.00)
0.0
Period Momentum Indicator
0.0039
0.02
(0)
(0.02)
0.02
0.05
(0.01)
(0)
(0.01)
N/A
Rate Of Daily Change
1.05
1.06
0.98
0.95
1.13
1.28
0.96
0.95
0.93
1.0
Day Median Price
0.0813
0.38
0.062
0.42
0.16
0.22
0.23
0.05
0.14
0.17
Price Action Indicator
(0.0004)
N/A
(0.0005)
(0.01)
0.02
0.035
(0.01)
(0)
N/A
N/A
Relative Strength Index
48.88
72.76
42.18
46.31
53.69
70.02
49.84
45.8
58.98
100.0
Coefficient Of Variation
(1,956)
881.38
(1,732)
(971.41)
1786.92
633.36
450.24
(11,499)
550.46
631.42
Mean Deviation
5.65
6.08
8.49
2.68
5.54
7.46
42.33
4.68
6.07
5.82
Jensen Alpha
(0.69)
0.7494
(0.69)
(0.49)
0.2638
1.59
16.83
(0.11)
1.87
3.22
Total Risk Alpha
(1.11)
0.1007
(1.83)
(0.85)
(0.42)
0.5807
10.03
(0.76)
0.8812
1.14
Sortino Ratio
N/A
0.0979
N/A
N/A
0.0308
0.1752
0.5541
N/A
0.2914
N/A
Downside Variance
N/A
69.89
N/A
N/A
201.09
74.78
1068.17
N/A
41.98
N/A
Standard Deviation
7.31
7.96
11.59
4.15
9.31
10.13
81.92
6.94
10.85
19.56
Kurtosis
0.3813
(0.17)
1.66
1.26
3.1
1.02
7.74
2.87
17.42
59.61
Potential Upside
12.01
15.79
18.18
7.32
16.67
20.0
286.64
12.45
14.71
6.25
Treynor Ratio
(0.09)
0.4612
(5.91)
(0.66)
0.1529
(28.68)
0.9939
(0.13)
1.59
(1.74)
Maximum Drawdown
34.99
35.71
63.5
20.87
59.82
46.38
380.67
39.71
80.26
155.81
Variance
53.42
63.28
134.44
17.24
86.71
102.52
6710.76
48.14
117.79
382.73
Market Risk Adjusted Performance
(0.08)
0.4712
(5.90)
(0.65)
0.1629
(28.67)
1.0
(0.12)
1.6
(1.73)
Risk Adjusted Performance
(0.03)
0.0934
(0.03)
(0.07)
0.0508
0.1266
0.1749
0.0025
0.1443
0.1273
Skewness
0.489
0.2665
0.4583
(0.32)
0.2178
0.9132
2.89
1.1
3.45
7.6
Semi Deviation
N/A
5.7
N/A
N/A
6.91
6.05
21.45
N/A
4.59
N/A
Information Ratio
(0.06)
0.1029
(0.06)
(0.12)
0.0469
0.1496
0.2211
(0.02)
0.1739
0.1541
Value At Risk
(9.97)
(10.00)
(17.33)
(9.52)
(13.33)
(12.50)
(74.88)
(9.14)
(8.33)
N/A
Expected Short fall
N/A
(10.46)
N/A
N/A
(12.72)
(12.68)
(56.80)
N/A
(8.62)
N/A
Downside Deviation
N/A
8.36
N/A
N/A
14.18
8.65
32.68
N/A
6.48
N/A
Semi Variance
N/A
32.43
N/A
N/A
47.73
36.6
459.98
N/A
21.06
N/A

Independence Gold Competition Performance Charts

Five steps to successful analysis of Independence Gold Competition

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

Complement your Independence Gold position

In addition to having Independence Gold 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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Run Office Supplies Thematic Idea Now

Office Supplies
Office Supplies Theme
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Office Supplies Theme or any other thematic opportunities.
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Other Information on Investing in Independence OTC Stock

Independence Gold financial ratios help investors to determine whether Independence 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 Independence with respect to the benefits of owning Independence Gold security.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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