Metalla Competitors
| MTA Stock | USD 7.86 0.01 0.13% |
Metalla Royalty vs Trilogy Metals Correlation
Poor diversification
The correlation between Metalla Royalty Streaming and TMQ is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metalla Royalty Streaming and TMQ in the same portfolio, assuming nothing else is changed.
Moving together with Metalla Stock
Moving against Metalla Stock
| 0.72 | VAST | Vast Resources PLC | PairCorr |
| 0.55 | GEMD | Gem Diamonds | PairCorr |
| 0.46 | BRE | Brazilian Rare EARTHS | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Metalla Royalty'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.
Metalla Royalty Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Metalla Royalty 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 Metalla 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 Metalla Royalty Streaming does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Metalla Stock performing well and Metalla Royalty 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 Metalla Royalty'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GROY | 2.95 | 0.43 | 0.10 | 0.63 | 3.73 | 5.88 | 19.48 | |||
| ASM | 4.22 | 1.33 | 0.28 | 0.59 | 4.55 | 12.46 | 37.83 | |||
| GAU | 3.36 | 0.28 | 0.07 | 0.24 | 4.59 | 7.82 | 24.82 | |||
| LWLG | 4.57 | (0.68) | 0.00 | (0.17) | 0.00 | 9.56 | 31.90 | |||
| VOXR | 2.64 | 0.53 | 0.14 | (3.07) | 2.76 | 5.49 | 16.62 | |||
| GTI | 8.61 | 0.56 | 0.03 | (0.71) | 14.30 | 19.74 | 128.11 | |||
| LAR | 3.83 | 0.98 | 0.22 | 1.49 | 3.99 | 9.25 | 23.79 | |||
| ITRG | 3.58 | 0.42 | 0.10 | 0.34 | 4.14 | 7.43 | 23.31 | |||
| SGML | 6.64 | 1.66 | 0.22 | (2.64) | 6.23 | 15.91 | 48.52 | |||
| TMQ | 4.10 | 0.46 | 0.05 | (0.66) | 5.37 | 7.81 | 29.21 |
Cross Equities Net Income Analysis
Compare Metalla Royalty Streaming and related stocks such as Gold Royalty Corp, Avino Silver Gold, and Galiano Gold Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROY | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (140.6 K) | (17.4 M) | (17.3 M) | (26.8 M) | (3.4 M) | (3.1 M) | (3.2 M) |
| ASM | (275.2 K) | (4.1 M) | (1.3 M) | 796.6 K | 2.2 M | 378.1 K | 2 M | 2.5 M | 1.6 M | (31.5 M) | (7.7 M) | (2.1 M) | 3.1 M | 542 K | 8.1 M | 7.3 M | 7.7 M |
| GAU | (7.57) | (38.2 M) | (38.2 M) | (1.7 M) | (22.6 M) | (8.3 M) | (13.2 M) | 5.8 M | (141.4 M) | (171.8 M) | 57.4 M | (68.9 M) | 40.8 M | 26.1 M | 6.1 M | 5.5 M | 5.8 M |
| LWLG | (1.7 M) | (3.5 M) | (4.6 M) | (3.9 M) | (4.4 M) | (4.8 M) | (4.4 M) | (5.7 M) | (5.8 M) | (6.7 M) | (6.7 M) | (18.6 M) | (17.2 M) | (21 M) | (22.5 M) | (20.3 M) | (19.3 M) |
| VOXR | (118.8 K) | (118.8 K) | (118.8 K) | (118.8 K) | (118.8 K) | (118.8 K) | (118.8 K) | (118.8 K) | (118.8 K) | (1.3 M) | (10.3 M) | (4.1 M) | 328.2 K | (101.1 K) | (1.6 M) | (1.9 M) | (2 M) |
| LAR | (63.5 K) | (12.4 M) | (8.1 M) | 466 K | (1.3 M) | (7.6 M) | (33.2 M) | (33.2 M) | (28.3 M) | 51.7 M | (38.1 M) | (38.5 M) | (93.6 M) | 1.3 B | (15.2 M) | (17.5 M) | (16.6 M) |
| ITRG | (45.6 K) | (8.3 M) | (1.8 M) | (888 K) | (807.3 K) | (167.4 K) | 254.5 K | (4.4 M) | (10.9 M) | (16.7 M) | (21.3 M) | (32.9 M) | (19.8 M) | (29 M) | (9.5 M) | (8.6 M) | (9 M) |
| SGML | (125.4 K) | (125.4 K) | (125.4 K) | (60.8 K) | (108.1 K) | (109.1 K) | (156.4 K) | (68.9 K) | (14 M) | (5.7 M) | (1.2 M) | (26.8 M) | (93.8 M) | (38.2 M) | (70 M) | (63 M) | (59.8 M) |
| TMQ | (3.3 M) | (31 M) | (24.4 M) | (9.6 M) | (9.5 M) | (4.9 M) | (21.1 M) | (21.8 M) | (27.4 M) | 337.6 M | (21.7 M) | (48.5 M) | (15 M) | (8.4 M) | (8.4 M) | (9.6 M) | (9.1 M) |
Metalla Royalty Streaming and related stocks such as Gold Royalty Corp, Avino Silver Gold, and Galiano Gold Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Metalla Royalty Streaming financial statement analysis. It represents the amount of money remaining after all of Metalla Royalty Streaming operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Metalla Royalty Competitive Analysis
The better you understand Metalla Royalty competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Metalla Royalty'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 Metalla Royalty'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 |
Metalla Royalty Competition Performance Charts
Five steps to successful analysis of Metalla Royalty Competition
Metalla Royalty'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 Metalla Royalty Streaming in relation to its competition. Metalla Royalty's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Metalla Royalty 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 Metalla Royalty's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Metalla Royalty Streaming, 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.
Complement your Metalla Royalty position
In addition to having Metalla Royalty 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.Did You Try This Idea?
Run Electronics Thematic Idea Now
Electronics
Companies manufacturing electronic appliances and goods. The Electronics theme has 39 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 Electronics Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Metalla Royalty Correlation with its peers. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Precious Metals & Minerals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Metalla Royalty. Expected growth trajectory for Metalla significantly influences the price investors are willing to assign. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Metalla Royalty assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Earnings Share (0.03) | Revenue Per Share | Quarterly Revenue Growth 1.466 | Return On Assets | Return On Equity |
The market value of Metalla Royalty Streaming is measured differently than its book value, which is the value of Metalla that is recorded on the company's balance sheet. Investors also form their own opinion of Metalla Royalty's value that differs from its market value or its book value, called intrinsic value, which is Metalla Royalty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Metalla Royalty's market value can be influenced by many factors that don't directly affect Metalla Royalty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Metalla Royalty's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Metalla Royalty represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Metalla Royalty's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.