Northstar Competitors
| NSGCF Stock | | | USD 0.05 0.0007 1.27% |
Northstar Gold Corp competes with
Rochester Resources; as well as few others. The company classifies itself under
Basic Materials sector and is part of
Gold industry. Analyzing Northstar Gold 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 Northstar Gold to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out
Northstar Gold Correlation with its peers.
Northstar Gold vs Rochester Resources Correlation
Very poor diversification
The correlation between Northstar Gold Corp and RCTFF is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northstar Gold Corp and RCTFF in the same portfolio, assuming nothing else is changed.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of Northstar Gold'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.
Northstar Gold Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Northstar Gold and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Northstar 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 Northstar Gold Corp does not affect the price movement of the other competitor.
High positive correlations| RCTFF | | AVGDF | | AVGDF | | JSHG | | JSHG | | GAYGF | | AVGDF | | GAYGF | | RCTFF | | GAYGF |
| | High negative correlations| RCTFF | | JSHG | | RCTFF | | GAYGF | | AVGDF | | GAYGF | | JSHG | | GAYGF |
|
Risk-Adjusted IndicatorsThere is a big difference between Northstar Pink Sheet performing well and Northstar Gold 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 Northstar Gold'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.
Northstar Gold Competitive Analysis
The better you understand Northstar Gold competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Northstar Gold'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 Northstar Gold's competition over several years is one of the best ways to analyze its investment potential.
Northstar Gold Competition Performance Charts
Five steps to successful analysis of Northstar Gold Competition
Northstar Gold'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 Northstar Gold Corp in relation to its competition. Northstar Gold's competition analysis typically involves several steps, including:
- Identifying the key players in the market: This involves identifying the major competitors of Northstar Gold 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 Northstar Gold's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Northstar Gold 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.
Complement your Northstar Gold position
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Other Information on Investing in Northstar Pink Sheet
Northstar Gold financial ratios help investors to determine whether Northstar Pink Sheet 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 Northstar with respect to the benefits of owning Northstar Gold security.
