Northgold Competitors

Stocks . Sweden . 
Stock . Northgold AB
NG Stock   0.68  0.06  8.11%   
Northgold AB competes with Arctic Gold, Avensia Publ, KABE Group, IAR Systems, and Norva24 Group; as well as few others. Analyzing Northgold 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 Northgold to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Northgold 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 Northgold competition on your existing holdings.
  
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Northgold'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
0.030.689.64
Details
Intrinsic
Valuation
LowRealHigh
0.030.659.61
Details
Naive
Forecast
LowNextHigh
0.010.609.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.640.700.76
Details

Northgold Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Northgold 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 Northgold 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 Northgold AB does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
IAR-B
+ 0.82
AVEN
ALBERT
+ 0.69
KABE-B
ALBERT
+ 0.65
IAR-B
CLS-B
+ 0.65
NORVA
ALBERT
+ 0.61
AVEN
AAC
+ 0.58
LIPUM
  
High negative correlations   
AAC
- 0.75
AVEN
AAC
- 0.74
CLS-B
LIPUM
- 0.7
CLS-B
LIPUM
- 0.69
NORVA
LIPUM
- 0.69
IAR-B
LIPUM
- 0.67
ALBERT

Risk-Adjusted Indicators

There is a big difference between Northgold Stock performing well and Northgold 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 Northgold'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
ARCT  4.25 (0.13) 0.01  0.07  4.34 
(6.85)
 10.34 
(8.00)
 32.45 
AVEN  1.41 (0.27) 0.00 (0.95) 0.00 
 0.00 
 2.96 
(2.86)
 11.59 
KABE-B  1.34 (0.35) 0.00 (0.49) 0.00 
 0.00 
 2.65 
(3.22)
 7.76 
IAR-B  1.78 (0.34) 0.00 (0.35) 0.00 
 0.00 
 2.86 
(3.28)
 14.74 
NORVA  1.49 (0.25) 0.00 (0.20) 0.00 
 0.00 
 3.13 
(3.44)
 9.96 
CLS-B  3.95 (0.03) 0.00  0.15  0.00 
 0.00 
 8.16 
(6.73)
 29.83 
ALBERT  1.30 (0.17) 0.00 (0.38) 0.00 
 0.00 
 3.23 
(3.24)
 13.67 
LIPUM  2.82  0.47  0.13  1.62  2.57 
(3.62)
 6.92 
(4.10)
 16.73 
AAC  2.65  0.30  0.11  0.51  2.10 
(3.62)
 7.25 
(3.52)
 20.58 
AOI  1.61  0.01 (0.02) 0.15  2.08 
(1.52)
 3.43 
(3.43)
 7.32 
All Fundamental Data

Northgold Competitive Analysis

The better you understand Northgold competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Northgold'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 Northgold'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
NG ARCT AVEN KABE-B IAR-B NORVA CLS-B ALBERT LIPUM AAC
 8.11 
 0.68 
Northgold
 7.41 
 0.29 
Arctic
 1.58 
 7.70 
Avensia
 0.33 
 300.00 
KABE
 1.99 
 128.00 
IAR
 2.83 
 27.25 
Norva24
 19.05 
 4.50 
Clinical
 1.09 
 3.70 
EEducation
 2.34 
 16.70 
Lipum
 2.02 
 46.05 
AAC
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Not too volatile
Very steady
Very steady
Very steady
Risky
Slightly risky
Not too volatile
Not too volatile
Market Performance
(90 Days Performance)
Very Weak
Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
OK
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Below Average
Low
Low
Low
Low
Below Average
Quite High
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Under Valued
Over Valued
Fairly 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
Strong Sell
Strong Hold
Strong Hold
Strong Hold
Strong Hold
Strong Sell
Strong Hold
Buy
Strong Buy
Current Ratio
N/A
6.41
1.49
2.13
1.56
N/A
3.61
N/A
N/A
1.34
Net Asset
13.38 M
72.16 M
178.41 M
2.14 B
812.8 M
3.23 B
66.74 M
279.8 M
49.66 M
874.41 M
Profit Margin
N/A
N/A
0.0359
0.068
0.12
0.0757
N/A
-0.71
N/A
-0.17
EBITDA
(4.38 M)
(15.74 M)
42.41 M
314 M
(13.61 M)
417.8 M
(54.42 M)
(52.27 M)
(52.11 M)
(18.12 M)
Current Valuation
140.26 M
65.81 M
510.25 M
1.3 B
1.99 B
7.06 B
73.29 M
66.07 M
98.1 M
286.67 M
Price To Book
4.13
1.37
11.61
1.27
3.26
3.28
4.26
1.6
35.65
0.45
Operating Margin
N/A
N/A
0.0403
0.0813
0.15
0.11
-23.95
-0.74
117.68
-0.26
Current Asset
N/A
1000 K
32 M
1.19 B
173 M
N/A
22 M
N/A
N/A
N/A
Retained Earnings
N/A
N/A
11 M
N/A
N/A
N/A
(88 M)
N/A
N/A
N/A
Five Year Return
N/A
N/A
1.65
2.97
2.79
N/A
N/A
N/A
N/A
N/A
Beta
N/A
0.63
0.76
0.96
0.79
N/A
0.78
N/A
N/A
1.33
Number Of Employees
1
11
359
1.02 K
209
1.57 K
12
70
5
180
Shares Outstanding
10.52 M
152.22 M
37.12 M
8.4 M
13.65 M
182.68 M
134.52 M
22.89 M
7.65 M
204.81 M
Cash Flow From Operations
(4.21 M)
(11.63 M)
19.85 M
449 M
131.6 M
337.4 M
(66.17 M)
(51.51 M)
(34.3 M)
(35.46 M)
Annual Yield
N/A
N/A
0.0309
0.0334
0.0403
N/A
N/A
N/A
N/A
N/A
Total Debt
6.78 M
N/A
7.37 M
29 M
19.5 M
264.1 M
100 K
N/A
1.57 M
9.99 M
Return On Equity
3.28
-0.25
0.3
0.18
0.0923
0.0745
-2.59
-0.76
-1.81
-0.0551
Z Score
50.16
N/A
41.6
40.6
63.6
14.4
N/A
N/A
36.3
19.2
Book Value Per Share
3.68
0.41
1.27
157.44
48.84
9.57
0.18
11.21
0.59
3.43
Return On Asset
N/A
-0.14
0.0696
0.0799
0.0524
0.045
-0.66
-0.35
-0.91
-0.0415
Current Liabilities
N/A
1000 K
17 M
546 M
87 M
N/A
8 M
N/A
N/A
N/A
Total Asset
13.38 M
72.16 M
178.41 M
2.14 B
812.8 M
3.23 B
66.74 M
279.8 M
49.66 M
874.41 M
Debt To Equity
N/A
1.1
40.5
16.6
5.2
N/A
3.2
N/A
N/A
0.012
Target Price
N/A
1.14
N/A
73.4
250.0
38.1
1.4
55.0
22.0
7.4
Last Dividend Paid
N/A
N/A
0.4
7.0
1.5
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
2.13
17.7
15.19
19.1
60.16
64.42
2.27
15.51
8.14
3.12
Market Capitalization
155.6 M
92.25 M
488.17 M
1.92 B
2.07 B
6.34 B
104.76 M
354.32 M
104.07 M
321.3 M
Price To Earning
N/A
-7.97
29.0
8.7
39.29
N/A
-10.13
N/A
N/A
N/A
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
N/A
11607.66
1.22
0.51
5.37
2.57
28.92
2.62
3380.24
1.36
Net Income
(4.56 M)
(15.87 M)
17.56 M
212 M
(67.4 M)
80.2 M
(63.62 M)
(57.26 M)
(52.26 M)
(39.48 M)
Earnings Per Share
N/A
-0.11
0.42
26.67
-5.0
1.35
-1.08
456.92
-10.77
-0.26
Shares Owned By Insiders
58.38
29.77
N/A
59.87
18.94
21.05
9.7
47.0
81.67
24.78
Revenue
495.9 M
118 K
390.08 M
3.27 B
358 M
2.01 B
2.25 M
62.56 M
N/A
179.95 M
Working Capital
N/A
N/A
15 M
644 M
86 M
N/A
14 M
N/A
N/A
N/A
Cash And Equivalents
3.59 M
6.71 M
36.36 M
578 M
104.4 M
N/A
13.5 M
N/A
N/A
96.11 M
Cash Per Share
N/A
0.1
0.86
1.78
7.66
N/A
0.39
N/A
N/A
0.46
Gross Profit
(2.69 M)
(15.7 M)
73.78 M
466 M
184.3 M
1.03 B
(3.63 M)
51.48 M
(48.69 M)
110.35 M
Day Typical Price
0.72
0.27
7.65
298.67
126.83
27.25
4.23
3.69
16.83
46.05
Accumulation Distribution
0.16
0.24
0.0335
0.0133
0.035
0.0536
0.18
0.0108
0.0575
0.0404
Market Facilitation Index
0.13
0.07
0.26
4.0
4.5
1.5
0.8
0.04
1.0
1.9
Daily Balance Of Power
(0.46)
0.2857
0.4615
0.25
0.5556
0.5
0.9
1.0
(0.40)
(0.50)
Period Momentum Indicator
(0.06)
0.02
0.12
1.0
2.5
0.75
0.72
0.04
(0.40)
(0.95)
Rate Of Daily Change
0.92
1.07
1.02
1.0
1.02
1.03
1.19
1.01
0.98
0.98
Day Median Price
0.74
0.26
7.63
298.0
126.25
27.25
4.1
3.68
16.9
46.05
Price Action Indicator
(0.09)
0.045
0.13
2.5
3.0
0.38
0.76
0.04
(0.40)
(0.48)
Relative Strength Index
52.2
78.7
11.1
73.81
17.96
56.95
85.67
44.66
39.75
50.2
Coefficient Of Variation
(650.82)
3575.64
(814.50)
(650.35)
(957.21)
(1,386)
(3,447)
(1,606)
693.86
971.86
Mean Deviation
5.26
4.25
1.41
1.34
1.78
1.49
3.95
1.3
2.82
2.65
Jensen Alpha
(1.38)
(0.13)
(0.27)
(0.35)
(0.34)
(0.25)
(0.03)
(0.17)
0.466
0.3007
Total Risk Alpha
(2.80)
(0.77)
(0.54)
(0.55)
(0.63)
(0.47)
(1.04)
(0.44)
(0.06)
(0.22)
Sortino Ratio
N/A
0.0055
N/A
N/A
N/A
N/A
N/A
N/A
0.1349
0.1127
Downside Variance
N/A
34.88
N/A
N/A
N/A
N/A
N/A
N/A
8.05
5.9
Standard Deviation
8.96
5.85
1.89
1.74
2.36
2.02
5.51
1.95
3.56
3.93
Kurtosis
7.64
1.73
1.45
0.4731
3.9
0.5753
3.38
3.71
0.2787
4.54
Potential Upside
8.86
10.34
2.96
2.65
2.86
3.13
8.16
3.23
6.92
7.25
Treynor Ratio
32.56
0.0656
(0.95)
(0.49)
(0.35)
(0.20)
0.1491
(0.38)
1.62
0.5072
Maximum Drawdown
68.3
32.45
11.59
7.76
14.74
9.96
29.83
13.67
16.73
20.58
Variance
80.34
34.19
3.57
3.01
5.58
4.06
30.33
3.82
12.7
15.46
Market Risk Adjusted Performance
32.57
0.0756
(0.94)
(0.48)
(0.34)
(0.19)
0.1591
(0.37)
1.63
0.5172
Risk Adjusted Performance
(0.11)
0.0301
(0.09)
(0.11)
(0.07)
(0.05)
(0.01)
(0.04)
0.1184
0.087
Skewness
(1.31)
0.8777
0.1754
(0.39)
(1.13)
(0.43)
1.3
(0)
0.5885
1.89
Semi Deviation
N/A
4.34
N/A
N/A
N/A
N/A
N/A
N/A
2.57
2.1
Information Ratio
(0.17)
0.0056
(0.19)
(0.23)
(0.16)
(0.14)
(0.05)
(0.13)
0.1074
0.0696
Value At Risk
(13.11)
(8.00)
(2.86)
(3.22)
(3.28)
(3.44)
(6.73)
(3.24)
(4.10)
(3.52)
Expected Short fall
N/A
(6.85)
N/A
N/A
N/A
N/A
N/A
N/A
(3.62)
(3.62)
Downside Deviation
N/A
5.91
N/A
N/A
N/A
N/A
N/A
N/A
2.84
2.43
Semi Variance
N/A
18.86
N/A
N/A
N/A
N/A
N/A
N/A
6.6
4.4

Northgold Competition Performance Charts

Five steps to successful analysis of Northgold Competition

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

In addition to having Northgold 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 Computers Thematic Idea Now

Computers
Computers Theme
Companies that manufacture and distribute personal and business computers. The Computers theme has 41 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 Computers Theme or any other thematic opportunities.
View All  Next Launch

Additional Tools for Northgold Stock Analysis

When running Northgold's price analysis, check to measure Northgold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northgold is operating at the current time. Most of Northgold's value examination focuses on studying past and present price action to predict the probability of Northgold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northgold's price. Additionally, you may evaluate how the addition of Northgold to your portfolios can decrease your overall portfolio volatility.
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
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY