Almaden Competitors
Almaden Minerals competes with Paramount Gold, Liberty Gold, International Tower, Allegiant Gold, and Angold Resources; as well as few others. The company runs under Metals & Mining sector within Materials industry. Analyzing Almaden Minerals 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 Almaden Minerals to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Return On Tangible Assets is likely to gain to -4.75 in 2024. Return On Capital Employed is likely to gain to -0.37 in 2024. At this time, Almaden Minerals' Net Tangible Assets are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to 1.05 in 2024, whereas Total Current Assets are likely to drop slightly above 5.5 M in 2024.
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 Almaden Minerals competition on your existing holdings.
Almaden |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Almaden Minerals' 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.
Almaden Minerals Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Almaden Minerals 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 Almaden 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 Almaden Minerals does not affect the price movement of the other competitor.
| 0.85 | 0.79 | 0.83 | -0.21 | 0.89 | PZG | ||
| 0.85 | 0.67 | 0.76 | -0.1 | 0.86 | LGDTF | ||
| 0.79 | 0.67 | 0.6 | -0.08 | 0.82 | THM | ||
| 0.83 | 0.76 | 0.6 | -0.43 | 0.7 | AUXXF | ||
| -0.21 | -0.1 | -0.08 | -0.43 | -0.11 | AAUGF | ||
| 0.89 | 0.86 | 0.82 | 0.7 | -0.11 | GAU | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Almaden Stock performing well and Almaden Minerals 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 Almaden Minerals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PZG | 2.34 | 0.25 | 0.06 | 0.34 | 2.37 | 5.71 | 12.77 | |||
| LGDTF | 3.38 | 0.24 | 0.03 | (72.09) | 3.48 | 8.00 | 24.88 | |||
| THM | 3.79 | 0.24 | 0.06 | 0.18 | 4.26 | 9.59 | 25.48 | |||
| AUXXF | 3.76 | 0.70 | 0.09 | (0.43) | 4.07 | 9.86 | 34.29 | |||
| AAUGF | 5.99 | 0.78 | 0.06 | 0.50 | 6.40 | 27.27 | 65.13 | |||
| GAU | 3.51 | 0.63 | 0.16 | 0.83 | 3.29 | 9.62 | 23.18 |
Cross Equities Net Income Analysis
Compare Almaden Minerals and related stocks such as Paramount Gold Nevada, Liberty Gold Corp, and International Tower Hill Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PZG | (4.9 M) | (4.9 M) | (8.5 M) | (5 M) | (5.2 M) | (5.3 M) | (4.3 M) | (6.1 M) | (6 M) | (7.5 M) | (6.7 M) | (7.8 M) | (6.5 M) | (5.8 M) | (6.1 M) |
| THM | (55.5 K) | (43.3 M) | (56.6 M) | (9.9 M) | (7.8 M) | (4.8 M) | (7.2 M) | (6.4 M) | (4.2 M) | (4.1 M) | (4.6 M) | (6.1 M) | (5.7 M) | (3.5 M) | (3.6 M) |
| GAU | (7.57) | (38.2 M) | (13.5 M) | (1.7 M) | (22.6 M) | (8.3 M) | (13.2 M) | 6.1 M | (141.2 M) | (46.6 M) | (6.7 M) | (22.5 M) | 40.8 M | 26.6 M | 27.9 M |
Almaden Minerals and related stocks such as Paramount Gold Nevada, Liberty Gold Corp, and International Tower Hill Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Almaden Minerals financial statement analysis. It represents the amount of money remaining after all of Almaden Minerals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Almaden Minerals Competitive Analysis
The better you understand Almaden Minerals competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Almaden Minerals' 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 Almaden Minerals' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Almaden Minerals Competition Performance Charts
Five steps to successful analysis of Almaden Minerals Competition
Almaden Minerals' 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 Almaden Minerals in relation to its competition. Almaden Minerals' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Almaden Minerals 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 Almaden Minerals' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Almaden Minerals, 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 Almaden Minerals position
In addition to having Almaden Minerals 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?
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Almaden Minerals information on this page should be used as a complementary analysis to other Almaden Minerals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Almaden Stock analysis
When running Almaden Minerals' price analysis, check to measure Almaden Minerals' 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 Almaden Minerals is operating at the current time. Most of Almaden Minerals' value examination focuses on studying past and present price action to predict the probability of Almaden Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Almaden Minerals' price. Additionally, you may evaluate how the addition of Almaden Minerals to your portfolios can decrease your overall portfolio volatility.
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Is Almaden Minerals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Almaden Minerals. If investors know Almaden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Almaden Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.07) | Return On Assets (0.94) | Return On Equity (1.66) |
The market value of Almaden Minerals is measured differently than its book value, which is the value of Almaden that is recorded on the company's balance sheet. Investors also form their own opinion of Almaden Minerals' value that differs from its market value or its book value, called intrinsic value, which is Almaden Minerals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Almaden Minerals' market value can be influenced by many factors that don't directly affect Almaden Minerals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Almaden Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Almaden Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Almaden Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.