Northam Competitors
| NPH Stock | 38,700 1,693 4.57% |
Northam Platinum vs Boxer Retail Correlation
Modest diversification
The correlation between Northam Platinum Holdings and BOX is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northam Platinum Holdings and BOX in the same portfolio, assuming nothing else is changed.
Moving together with Northam Stock
Moving against Northam Stock
Northam Platinum Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Northam Platinum 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 Northam 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 Northam Platinum Holdings 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 Northam Stock performing well and Northam Platinum 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 Northam Platinum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RCL | 1.85 | (0.06) | 0.00 | 1.14 | 0.00 | 3.29 | 15.49 | |||
| PHP | 1.75 | 0.22 | 0.03 | (0.14) | 2.38 | 4.60 | 14.79 | |||
| MDI | 2.51 | 0.23 | 0.05 | 3.14 | 3.09 | 6.57 | 21.53 | |||
| DTC | 0.90 | (0.03) | 0.00 | (0.83) | 0.00 | 1.66 | 4.50 | |||
| BLU | 1.82 | (0.27) | 0.00 | (0.34) | 0.00 | 3.52 | 10.95 | |||
| ANI | 3.79 | (1.00) | 0.00 | 0.93 | 0.00 | 7.73 | 101.24 | |||
| HCI | 1.62 | 0.26 | 0.09 | 1.69 | 1.78 | 4.08 | 11.93 | |||
| BOX | 1.06 | 0.05 | (0.01) | 0.45 | 1.32 | 2.12 | 6.04 |
Northam Platinum Competitive Analysis
The better you understand Northam Platinum competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Northam Platinum'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 Northam Platinum'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 |
Northam Platinum Competition Performance Charts
Five steps to successful analysis of Northam Platinum Competition
Northam Platinum'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 Northam Platinum Holdings in relation to its competition. Northam Platinum's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Northam Platinum 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 Northam Platinum's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Northam Platinum Holdings, 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 Northam Platinum position
In addition to having Northam Platinum 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 Military Industrial Thematic Idea Now
Military Industrial
A collection of large United States defense contractors including companies involved in production or distribution of aircraft, ships, vehicles, weaponry, and electronic systems in cooperation with the government. The Military Industrial theme has 45 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 Military Industrial Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Northam Stock
Northam Platinum financial ratios help investors to determine whether Northam 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 Northam with respect to the benefits of owning Northam Platinum security.