Ignis Competitors
| IGPG Stock | USD 0.0001 0.00 0.000003% |
Ignis Petroleum vs Cygnus Oil Correlation
Excellent diversification
The correlation between Ignis Petroleum Group and CYNS is -0.55 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ignis Petroleum Group and CYNS in the same portfolio, assuming nothing else is changed.
Moving together with Ignis Stock
Moving against Ignis Stock
| 0.56 | PTAIF | PT Astra International | PairCorr |
| 0.54 | PBCRF | PT Bank Central | PairCorr |
| 0.38 | BKRKF | PT Bank Rakyat | PairCorr |
Ignis Petroleum Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ignis Petroleum 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 Ignis 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 Ignis Petroleum Group 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 Ignis Stock performing well and Ignis Petroleum 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 Ignis Petroleum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NWOL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGLRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XLEFF | 239.50 | 121.17 | 0.00 | 21.34 | 0.00 | 0.00 | 8,033 | |||
| ALME | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RYPE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LBYE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRSI | 9.97 | (2.51) | 0.00 | 1.96 | 0.00 | 18.18 | 77.27 | |||
| NKRSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TEGR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CYNS | 2.69 | (1.24) | 0.00 | 0.51 | 0.00 | 0.00 | 90.00 |
Cross Equities Net Income Analysis
Compare Ignis Petroleum Group and related stocks such as North West Oil, Spyglass Resources Corp, and XXL Energy Corp Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NWOL | (1.4 M) | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 5.6 M | 6.4 M | 6.7 M |
| ALME | (1.8 M) | (3 M) | (5.5 K) | (5.5 K) | (5.5 K) | (282.8 K) | (282.8 K) | (282.8 K) | (282.8 K) | (282.8 K) | (282.8 K) | (282.8 K) | (282.8 K) | (282.8 K) | (282.8 K) | (325.2 K) | (341.5 K) |
| LBYE | (329.7 K) | (936.2 K) | (499.5 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (642.1 K) | (577.9 K) | (606.8 K) |
Ignis Petroleum Group and related stocks such as North West Oil, Spyglass Resources Corp, and XXL Energy Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Ignis Petroleum Group financial statement analysis. It represents the amount of money remaining after all of Ignis Petroleum Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Ignis Petroleum Competitive Analysis
The better you understand Ignis Petroleum competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ignis Petroleum'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 Ignis Petroleum'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 |
Ignis Petroleum Competition Performance Charts
Five steps to successful analysis of Ignis Petroleum Competition
Ignis Petroleum'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 Ignis Petroleum Group in relation to its competition. Ignis Petroleum's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Ignis Petroleum 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 Ignis Petroleum's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ignis Petroleum Group, 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 Ignis Petroleum Correlation with its peers. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Can Oil & Gas E&P industry sustain growth momentum? Does Ignis have expansion opportunities? Factors like these will boost the valuation of Ignis Petroleum. Market participants price Ignis higher when confident in its future expansion prospects. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Ignis Petroleum demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
The market value of Ignis Petroleum Group is measured differently than its book value, which is the value of Ignis that is recorded on the company's balance sheet. Investors also form their own opinion of Ignis Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Ignis Petroleum's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Ignis Petroleum's market value can be influenced by many factors that don't directly affect Ignis Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ignis Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ignis Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Ignis Petroleum's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.