Noram Competitors

OTC Stocks . USA . 
Stock . Noram Lithium Corp
NRVTF Stock  USD 0.10  0.01  9.09%   
Noram Lithium Corp competes with US Critical, Pan American, and Silver Elephant; as well as few others. The company classifies itself under Basic Materials sector and is part of Other Industrial Metals & Mining industry. Analyzing Noram Lithium 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 Noram Lithium to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Noram Lithium Correlation with its peers.

Noram Lithium vs Barksdale Resources Correlation

Poor diversification

The correlation between Noram Lithium Corp and BRKCF is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Noram Lithium Corp and BRKCF in the same portfolio, assuming nothing else is changed.

Moving against Noram OTC Stock

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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 Noram Lithium'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
0.010.105.09
Details
Intrinsic
Valuation
LowRealHigh
0.000.085.07
Details
Naive
Forecast
LowNextHigh
00.105.10
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.060.080.10
Details

Noram Lithium Competition Correlation Matrix

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

High positive correlations

PAANF
+ 0.88
NLPXF
PAANF
+ 0.88
GTMLF
GTMLF
+ 0.82
NLPXF
BRKCF
+ 0.81
NLPXF
USCMF
+ 0.79
SAMMF
BRKCF
+ 0.77
PAANF
  

High negative correlations

BRKCF
- 0.65
TORVF
TORVF
- 0.55
PAANF
TORVF
- 0.51
NLPXF
SILEF
- 0.47
MGPRF
TORVF
- 0.42
GTMLF
TORVF
- 0.38
SAMMF

Risk-Adjusted Indicators

There is a big difference between Noram OTC Stock performing well and Noram Lithium 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 Noram Lithium'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
SAMMF  99.65  51.74  0.00 (0.63) 0.00 
 0.00 
 0.00 
 0.00 
 3,338 
USCMF  5.23  0.30  0.04  0.24  5.81 
(8.21)
 12.50 
(9.37)
 32.38 
NLPXF  7.55  2.12  0.19  1.75  8.66 
(9.89)
 26.10 
(9.71)
 62.65 
MGPRF  151.86  72.46  0.00  1.13  0.00 
 0.00 
 11.11 
(24.73)
 4,770 
GTMLF  6.06  1.25  0.10  0.89  5.56 
(26.29)
 20.00 
(16.67)
 90.21 
PAANF  6.83  0.96  0.09  0.85  8.72 
(8.06)
 14.00 
(12.90)
 54.65 
TORVF  8.48  0.08  0.01  0.09  9.83 
(11.81)
 24.78 
(15.62)
 73.73 
SILEF  4.15  0.09  0.02  0.08  4.57 
(6.69)
 9.09 
(9.09)
 33.33 
RARMF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRKCF  4.45  1.31  0.23 (12.23) 3.81 
(6.52)
 10.00 
(7.41)
 48.33 

Noram Lithium Competitive Analysis

The better you understand Noram Lithium competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Noram Lithium'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 Noram Lithium'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
NRVTF SAMMF USCMF NLPXF MGPRF GTMLF PAANF TORVF SILEF RARMF
 9.09 
 0.10 
Noram
 0.00 
 0.06 
Sama
 12.00 
 0.28 
USCMF
 3.00 
 0.1 
Noble
 24.73 
 0.08 
Cover
 1.54 
 0.03 
Green
 5.08 
 0.62 
Pan
 5.56 
 0.02 
Saint
 5.00 
 0.21 
Silver
 0.00 
 0.01 
Cadence
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
Very steady
Market Performance
(90 Days Performance)
Soft
Fair
Soft
Good
Good
Fair
Good
Soft
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
High
Moderate
High
Low
Low
High
Low
Small
High
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly 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
Strong Sell
Strong Sell
Sell
Hold
Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
27.01
13.06
0.16
8.96
0.67
N/A
0.14
0.31
1.02
20.33
Net Asset
5.94 M
48.1 M
N/A
N/A
314.43 K
83.04 M
279.3 K
4.18 M
62.05 M
23.01 M
EBITDA
(5.26 M)
(590.44 K)
N/A
N/A
(2.28 M)
(5.1 M)
(448.5 K)
(1.78 M)
(5.64 M)
(141 K)
Current Valuation
33.02 M
14.54 M
7.16 M
5.19 M
331.26 K
112.52 M
25.29 M
10.04 M
7.94 M
4.39 M
Price To Book
3.08
0.56
N/A
2.47
14.19
2.9
58.36
4.91
0.34
1.38
Operating Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-2.92
Retained Earnings
N/A
N/A
N/A
N/A
(8.48 M)
N/A
N/A
N/A
N/A
(13 M)
Current Asset
N/A
N/A
N/A
N/A
197 K
N/A
N/A
N/A
N/A
24 M
Beta
1.42
0.95
N/A
2.8
0.16
N/A
N/A
0.56
0.38
2.33
Number Of Employees
8
16
3
14
9
4
1
12
15
6
Shares Outstanding
88.84 M
219.47 M
53.5 M
137.55 M
5.52 M
253.91 M
43.39 M
166.22 M
29.45 M
172.72 M
Cash Flow From Operations
(1.64 M)
(965.75 K)
(401.15 K)
(583.55 K)
(1.13 M)
(2.35 M)
(108.79 K)
(1.64 M)
(2.19 M)
(751 K)
Total Debt
136.51 K
52.8 K
N/A
160.22 K
2.96 K
N/A
313.22 K
1.49 M
3.74 M
219 K
Return On Equity
0.0605
0.18
N/A
0.69
-35.06
-0.12
N/A
-1.44
-0.44
-0.34
Z Score
N/A
N/A
N/A
22.2
93.5
N/A
41.1
3.0
1.2
99.0
Return On Asset
-0.23
-0.0191
N/A
-0.0307
-0.68
-0.0669
N/A
-0.41
-0.0853
-0.053
Book Value Per Share
0.23
0.22
0.074
0.081
-0.15
0.32
0.023
0.015
1.21
0.14
Current Liabilities
N/A
N/A
N/A
N/A
227 K
N/A
N/A
N/A
N/A
2 M
Total Asset
5.94 M
48.1 M
N/A
N/A
314.43 K
83.04 M
279.3 K
4.18 M
62.05 M
23.01 M
Debt To Equity
0.006
0.001
N/A
0.012
1.03
N/A
0.51
0.64
0.046
0.009
Shares Owned By Institutions
14.86
4.5
N/A
N/A
N/A
6.7
8.61
N/A
N/A
N/A
Market Capitalization
54.19 M
20.96 M
16.71 M
5.98 M
755.14 K
148.99 M
23.39 M
8.65 M
10.79 M
36.27 M
Price To Earning
-2.94
3.8
N/A
1.34
-6.14
N/A
N/A
-5.14
0.71
2.14
Price To Sales
N/A
2313.45
N/A
N/A
N/A
N/A
N/A
293.17
N/A
52.8
Net Income
(5.32 M)
(249.67 K)
(718.3 K)
4.17 M
(2.36 M)
(4.91 M)
(456.95 K)
(2.07 M)
(6.83 M)
(144 K)
Earnings Per Share
0.01
0.03
N/A
0.032
-1.81
N/A
N/A
-0.018
0.55
0.098
Shares Owned By Insiders
9.65
28.14
38.0
10.2
43.77
42.56
0.46
14.05
4.66
2.4
Working Capital
N/A
N/A
N/A
N/A
(30 K)
N/A
N/A
N/A
N/A
22 M
Cash And Equivalents
15.37 M
8.82 M
4.39 M
9.63 M
572.84 K
N/A
915.6 K
299.85 K
3.83 M
12.3 M
Cash Per Share
0.17
0.04
0.09
0.06
0.1
N/A
0.04
N/A
0.15
0.08
Gross Profit
N/A
(15.03 K)
N/A
N/A
(200 K)
N/A
N/A
6.4 K
N/A
54 K
Day Typical Price
0.1
0.055
0.26
0.0972
0.0828
0.0243
0.61
0.019
0.2
0.01
Accumulation Distribution
N/A
N/A
47463.04
6453.0
N/A
964.84
214.16
N/A
4397.14
N/A
Daily Balance Of Power
0
0.0
0.6
(0.56)
0
(0.11)
1.0
9.2 T
0.3333
0.0
Period Momentum Indicator
(0.01)
N/A
0.03
(0)
(0.03)
(0.0004)
0.03
0.001
0.01
N/A
Rate Of Daily Change
0.91
1.0
1.12
0.97
0.75
0.98
1.05
1.06
1.05
1.0
Day Median Price
0.1
0.055
0.26
0.0973
0.0828
0.0237
0.61
0.019
0.2
0.01
Price Action Indicator
(0.01)
N/A
0.04
(0)
(0.01)
0.0017
0.03
5.0E-4
0.02
N/A
Coefficient Of Variation
3876.11
838.48
1983.77
493.74
775.46
977.72
895.71
9378.73
3543.7
N/A
Mean Deviation
3.73
99.65
5.23
7.55
151.86
6.06
6.83
8.48
4.15
N/A
Jensen Alpha
0.0892
51.74
0.301
2.12
72.46
1.25
0.9639
0.0822
0.0891
N/A
Total Risk Alpha
(0.12)
29.85
0.0171
1.66
47.72
0.7005
0.581
(0.49)
(0.12)
N/A
Sortino Ratio
0.0148
N/A
0.0381
0.187
N/A
0.0976
0.0942
0.0092
0.0176
N/A
Downside Variance
35.85
N/A
69.78
129.42
N/A
167.04
106.11
113.26
46.41
N/A
Standard Deviation
5.18
411.18
7.2
10.72
579.96
12.77
9.09
13.36
5.86
N/A
Kurtosis
0.9539
65.88
0.4816
2.59
64.5
13.94
2.01
5.74
2.06
N/A
Potential Upside
8.75
N/A
12.5
26.1
11.11
20.0
14.0
24.78
9.09
N/A
Treynor Ratio
0.1258
(0.63)
0.2376
1.75
1.13
0.8934
0.8528
0.0924
0.0823
N/A
Maximum Drawdown
23.38
3337.5
32.38
62.65
4770.38
90.21
54.65
73.73
33.33
N/A
Variance
26.84
169072.63
51.88
114.99
336349.56
163.16
82.69
178.57
34.28
N/A
Market Risk Adjusted Performance
0.1358
(0.62)
0.2476
1.76
1.14
0.9034
0.8628
0.1024
0.0923
N/A
Risk Adjusted Performance
0.0279
0.0996
0.0469
0.1616
0.1069
0.0863
0.0931
0.0175
0.0299
N/A
Skewness
(0.24)
8.11
0.1402
(0.27)
7.99
3.06
(0.56)
1.46
0.6934
N/A
Semi Deviation
4.84
N/A
5.81
8.66
N/A
5.56
8.72
9.83
4.57
N/A
Information Ratio
0.0171
0.1192
0.0442
0.1983
0.1289
0.0988
0.1067
0.0073
0.0205
N/A
Value At Risk
(8.97)
N/A
(9.38)
(9.71)
(24.73)
(16.67)
(12.90)
(15.62)
(9.09)
N/A
Expected Short fall
(4.70)
N/A
(8.21)
(9.89)
N/A
(26.29)
(8.06)
(11.81)
(6.69)
N/A
Downside Deviation
5.99
N/A
8.35
11.38
N/A
12.92
10.3
10.64
6.81
N/A
Semi Variance
23.45
N/A
33.71
75.02
N/A
30.91
76.12
96.54
20.92
N/A

Noram Lithium Competition Performance Charts

Five steps to successful analysis of Noram Lithium Competition

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

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Other Information on Investing in Noram OTC Stock

Noram Lithium financial ratios help investors to determine whether Noram 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 Noram with respect to the benefits of owning Noram Lithium security.
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