TG6 Competitors

TG6 Stock

0.20 0.02 9.09%

TG Metals competes with Northern Star, Evolution Mining, Alcoa, Bluescope Steel, and Sandfire Resources; as well as few others. The company operates under Metals & Mining sector and is part of Materials industry. Analyzing TG Metals 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 TG Metals to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out TG Metals Correlation with its peers.

TG Metals vs Perseus Mining Correlation

Average diversification

The correlation between TG Metals and PRU is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TG Metals and PRU in the same portfolio, assuming nothing else is changed.

Moving together with TG6 Stock

0.66	EVN	Evolution Mining	Pair Corr
0.72	BSL	Bluescope Steel	Pair Corr
0.7	SFR	Sandfire Resources	Pair Corr

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Hype

Prediction

Low	Estimated	High
0.01	0.20	5.17

Details

Intrinsic

Valuation

Low	Real	High
0.01	0.17	5.14

Details

Naive

Forecast

Low	Next	High
0	0.19	5.16

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
0.19	0.21	0.23

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TG Metals Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between TG Metals 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 TG6 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 TG Metals does not affect the price movement of the other competitor.

	NST	EVN	AAI	BSL	SFR	RMS	GMD	PRU
NST		0.72	0.35	0.5	0.49	0.6	0.58	0.32	NST
EVN	0.72		0.83	0.86	0.92	0.96	0.94	0.54	EVN
AAI	0.35	0.83		0.89	0.92	0.91	0.9	0.62	AAI
BSL	0.5	0.86	0.89		0.91	0.9	0.84	0.52	BSL
SFR	0.49	0.92	0.92	0.91		0.95	0.91	0.52	SFR
RMS	0.6	0.96	0.91	0.9	0.95		0.96	0.57	RMS
GMD	0.58	0.94	0.9	0.84	0.91	0.96		0.65	GMD
PRU	0.32	0.54	0.62	0.52	0.52	0.57	0.65		PRU
	NST	EVN	AAI	BSL	SFR	RMS	GMD	PRU

Risk-Adjusted Indicators

There is a big difference between TG6 Stock performing well and TG Metals 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 TG Metals' 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
NST	2.15	0.29	0.09	0.36	3.04	(2.24)	3.79	(3.99)	13.67
EVN	2.09	0.51	0.19	0.41	2.29	(2.34)	4.47	(4.47)	15.90
AAI	2.36	0.64	0.19	0.47	2.69	(2.63)	6.21	(5.10)	15.79
BSL	1.60	0.50	0.40	0.43	0.83	(2.26)	3.38	(1.70)	22.73
SFR	1.55	0.31	0.13	0.29	1.99	(1.59)	3.40	(2.58)	12.09
RMS	2.27	0.58	0.20	0.50	2.41	(2.61)	6.30	(4.83)	13.77
GMD	2.26	0.47	0.13	0.65	3.00	(2.44)	4.48	(4.97)	17.50
PRU	1.83	0.34	0.14	1.06	2.10	(2.14)	3.78	(3.59)	7.92

TG Metals Competitive Analysis

The better you understand TG Metals competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, TG Metals' 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 TG Metals' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	TG6	NST	EVN	AAI	BSL	SFR	RMS	GMD	PRU
	9.09 0.20 TG6	1.87 28.94 Northern	6.42 14.71 Evolution	3.95 84.27 Alcoa	1.34 30.24 Bluescope	6.85 19.85 Sandfire	6.35 4.72 Ramelius	9.86 7.59 Genesis	7.81 5.90 Perseus
Market Volatility (90 Days Market Risk)	Out of control	Very steady	Not too volatile	Very steady	Very steady	Very steady	Slightly risky	Slightly risky	Somewhat reliable
Market Performance (90 Days Performance)	Weak	Fair	Solid	Solid	Good	Good	Solid	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	High	Tiny	Tiny	Low	Low	Tiny	Tiny	Tiny	Tiny
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Under Valued	Over Valued	Under Valued	Over Valued	Under Valued	Over Valued	Under 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
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Buy	Strong Buy	Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy
Net Asset	13.8 M	20.43 B	9.64 B	16.22 B	15.78 B	2.87 B	2.39 B	1.8 B	3.77 B
Profit Margin	-2.36	0.21	0.21	0.0912	0.0051	0.0784	0.39	0.24	0.3
EBITDA	(1.48 M)	3.43 B	2.15 B	1.92 B	994.5 M	539.76 M	804.41 M	463.33 M	726.94 M
Operating Margin	-1.59	0.34	0.36	0.11	0.0503	0.2	0.61	0.4	0.46
Current Valuation	23.5 M	41.43 B	30.88 B	23.5 B	13.28 B	9.37 B	8.36 B	8.63 B	6.91 B
Price To Book	1.95	2.78	6.03	2.5	1.24	3.61	4.77	6.92	2.81
Retained Earnings	(5.97 M)	3.14 B	1.66 B	(258.17 M)	7.51 B	494.7 M	919.66 M	121.89 M	1.15 B
Beta	-0.19	1.24	1.63	1.95	1.21	1.68	1.38	1.22	1.09
Number Of Employees	N/A	12	14	13.9 K	16.5 K	1.35 K	250	603	N/A
Shares Outstanding	120.53 M	1.43 B	2.03 B	258.96 M	438.08 M	461.92 M	1.92 B	1.14 B	1.35 B
Cash Flow From Operations	(1.05 M)	2.95 B	1.97 B	1.22 B	1.41 B	523.71 M	770.83 M	420.7 M	536.66 M
Annual Yield	N/A	0.019	0.0177	0.0063	0.0198	N/A	0.0169	N/A	0.0127
Total Debt	133.74 K	1.71 B	1.79 B	2.44 B	886 M	253.24 M	64.42 M	200.89 M	4.17 M
Return On Equity	-0.11	0.11	0.2	0.2	0.0159	0.0521	0.29	0.19	0.21
Return On Asset	-0.0727	0.073	0.0971	0.0514	0.0289	0.047	0.2	0.13	0.15
Book Value Per Share	0.15	10.45	2.48	33.59	24.32	5.53	1.64	1.11	2.1
Total Asset	13.8 M	20.43 B	9.64 B	16.22 B	15.78 B	2.87 B	2.39 B	1.8 B	3.77 B
Target Price	N/A	29.46	12.45	80.68	30.89	18.47	5.24	8.58	6.3
Last Dividend Paid	N/A	0.55	0.2	0.4	0.6	N/A	0.08	N/A	0.049
Shares Owned By Institutions	N/A	59.7	68.32	4.86	50.49	67.61	54.07	61.29	62.4
Market Capitalization	24.11 M	41.41 B	29.87 B	24.17 B	13.25 B	9.17 B	9.09 B	8.67 B	7.97 B
Price To Earnings To Growth	N/A	N/A	N/A	N/A	N/A	0.5	2.43	N/A	N/A
Price To Sales	40.07	6.45	6.86	1.88	0.81	7.71	7.55	9.42	6.39
Net Income	(1.42 M)	1.34 B	926.17 M	1.21 B	83.8 M	93.25 M	474.17 M	221.17 M	370.87 M
Earnings Per Share	-0.02	1.12	0.46	6.28	0.17	0.29	0.41	0.2	0.38
Shares Owned By Insiders	39.62	3.6	1.08	N/A	2.74	0.95	2.83	6.78	0.51
Revenue	601.62 K	6.41 B	4.35 B	13.24 B	16.25 B	1.19 B	1.2 B	920.14 M	1.25 B
Working Capital	703.99 K	1.34 B	90.98 M	1.52 B	2.89 B	75.49 M	388.51 M	204.08 M	769.82 M
Cash And Equivalents	N/A	N/A	N/A	1.6 B	2.5 M	N/A	320 M	N/A	N/A
Gross Profit	(39.8 K)	2.27 B	1.56 B	2.19 B	6.06 B	752.46 M	695.04 M	367.78 M	740.31 M
Day Typical Price	0.2	29.0	14.96	84.82	30.22	20.4	4.72	7.83	5.94
Accumulation Distribution	0.0952	0.0487	0.0722	0.0439	0.0255	0.0984	0.0675	0.11	0.0538
Market Facilitation Index	0.02	1.45	1.13	3.82	0.78	2.14	0.33	0.91	0.33
Daily Balance Of Power	(1.00)	(0.38)	(0.89)	(0.91)	(0.53)	(0.68)	(0.97)	(0.91)	(1.52)
Period Momentum Indicator	(0.02)	(0.55)	(1.01)	(3.47)	(0.41)	(1.46)	(0.32)	(0.83)	(0.50)
Rate Of Daily Change	0.91	0.98	0.94	0.96	0.99	0.93	0.94	0.9	0.92
Day Median Price	0.2	29.03	15.09	85.1	30.21	20.68	4.72	7.95	5.97
Price Action Indicator	(0.01)	(0.36)	(0.88)	(2.57)	(0.18)	(1.56)	(0.17)	(0.77)	(0.31)
Relative Strength Index	48.47	58.76	62.41	54.67	71.61	61.42	61.46	55.7	54.84
Coefficient Of Variation	(1,415)	845.13	488.35	451.62	544.98	585.14	482.44	604.17	635.54
Mean Deviation	3.74	2.15	2.09	2.36	1.6	1.55	2.27	2.26	1.83
Jensen Alpha	(0.38)	0.2936	0.512	0.6351	0.5031	0.3071	0.5807	0.4733	0.34
Total Risk Alpha	(0.64)	0.1882	0.4249	0.5338	0.4011	0.2476	0.4767	0.3512	0.2406
Sortino Ratio	N/A	0.0884	0.1892	0.1934	0.3977	0.1285	0.2001	0.1304	0.1404
Downside Variance	N/A	10.77	7.67	11.32	1.67	5.98	8.68	12.72	5.09
Standard Deviation	5.27	2.83	2.78	3.14	3.04	2.1	3.06	3.08	2.3
Kurtosis	1.1	1.64	1.06	0.6988	32.84	1.88	0.3817	1.49	1.22
Potential Upside	5.88	3.79	4.47	6.21	3.38	3.4	6.3	4.48	3.78
Treynor Ratio	2.19	0.3623	0.4139	0.4747	0.4257	0.2901	0.4975	0.6528	1.06
Maximum Drawdown	25.76	13.67	15.9	15.79	22.73	12.09	13.77	17.5	7.92
Variance	27.79	8.02	7.73	9.87	9.25	4.42	9.37	9.5	5.28
Market Risk Adjusted Performance	2.2	0.3723	0.4239	0.4847	0.4357	0.3001	0.5075	0.6628	1.07
Risk Adjusted Performance	(0.04)	0.093	0.1555	0.1678	0.1403	0.1302	0.1575	0.1274	0.1206
Skewness	0.4267	(0.97)	0.1126	(0.38)	4.97	(0.74)	0.0445	(0.63)	(0.62)
Semi Deviation	N/A	3.04	2.29	2.69	0.8326	1.99	2.41	3.0	2.1
Information Ratio	(0.08)	0.1025	0.1886	0.2071	0.1687	0.1495	0.1926	0.1509	0.1378
Value At Risk	(9.09)	(3.99)	(4.47)	(5.10)	(1.70)	(2.58)	(4.83)	(4.97)	(3.59)
Expected Short fall	N/A	(2.24)	(2.34)	(2.63)	(2.26)	(1.59)	(2.61)	(2.44)	(2.14)
Downside Deviation	N/A	3.28	2.77	3.36	1.29	2.45	2.95	3.57	2.26
Semi Variance	N/A	9.23	5.25	7.25	0.6932	3.97	5.82	9.02	4.4

TG Metals Competition Performance Charts

Five steps to successful analysis of TG Metals Competition

TG Metals' 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 TG Metals in relation to its competition. TG Metals' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of TG Metals 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 TG Metals' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to TG Metals, 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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Additional Tools for TG6 Stock Analysis

When running TG Metals' price analysis, check to measure TG Metals' 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 TG Metals is operating at the current time. Most of TG Metals' value examination focuses on studying past and present price action to predict the probability of TG Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TG Metals' price. Additionally, you may evaluate how the addition of TG Metals to your portfolios can decrease your overall portfolio volatility.

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TG6 Competitors

TG Metals vs Perseus Mining Correlation

Average diversification

Moving together with TG6 Stock

Specify up to 10 symbols:

TG Metals Competition Correlation Matrix

Risk-Adjusted Indicators

TG Metals Competitive Analysis

TG Metals Competition Performance Charts

Five steps to successful analysis of TG Metals Competition

Complement your TG Metals position

Did You Try This Idea?

Run Cigarettes Thematic Idea Now

Cigarettes

Additional Tools for TG6 Stock Analysis

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