Freegold Competitors

OTC Stocks . USA . 
Stock . Freegold Ventures Limited
FGOVF Stock  USD 0.48  0.02  4.00%   
Freegold Ventures competes with White Gold; as well as few others. The company classifies itself under Metals & Mining sector and is part of Materials industry. Analyzing Freegold Ventures 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 Freegold Ventures to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Freegold Ventures Correlation with its peers.
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 Freegold Ventures competition on your existing holdings.
  
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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 Freegold Ventures' 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
0.020.484.38
Details
Intrinsic
Valuation
LowRealHigh
0.020.474.37
Details

Freegold Ventures Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Freegold Ventures 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 Freegold 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 Freegold Ventures does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
ENDGF
+ 0.84
RDEXF
WHGOF
+ 0.81
KDKGF
WHGOF
+ 0.78
ENDGF
KDKGF
+ 0.77
RDEXF
WHGOF
+ 0.76
RDEXF
KDKGF
+ 0.76
ENDGF
  
High negative correlations   
RDEXF
- 0.41
PUMXF
ENDGF
- 0.4
PUMXF
EQTRF
- 0.31
SXNTF
ENDGF
- 0.22
EQTRF
YGTFF
- 0.21
SXNTF
YGTFF
- 0.2
ENDGF

Risk-Adjusted Indicators

There is a big difference between Freegold OTC Stock performing well and Freegold Ventures 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 Freegold Ventures' 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
PUMXF  3.02  0.30  0.00  0.32  0.00 
 0.00 
 16.67 
(14.29)
 71.82 
SXNTF  12.27  3.16  0.09  25.06  14.97 
(36.74)
 23.81 
(13.89)
 237.69 
RDEXF  2.67 (0.18) 0.00 (1.03) 0.00 
 0.00 
 8.89 
(9.09)
 21.36 
EQTRF  4.23  0.41  0.06 (0.71) 4.59 
(6.74)
 16.65 
(9.00)
 36.32 
ENDGF  1.27 (0.52) 0.00 (0.51) 0.00 
 0.00 
 0.00 
(8.33)
 20.00 
LRDJF  4.97  0.74  0.04  0.67  6.98 
(21.27)
 23.93 
(11.25)
 103.05 
YGTFF  4.20  0.24  0.03 (0.44) 5.31 
(5.37)
 11.03 
(8.78)
 42.76 
KDKGF  3.23  0.02  0.00  0.01  5.60 
(13.34)
 20.00 
(16.67)
 45.00 
WHGOF  3.55 (0.30) 0.00 (0.41) 0.00 
 0.00 
 6.67 
(6.67)
 28.10 
All Fundamental Data

Freegold Ventures Competitive Analysis

The better you understand Freegold Ventures competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Freegold Ventures' 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 Freegold Ventures' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
FGOVF PUMXF SXNTF RDEXF EQTRF ENDGF LRDJF YGTFF KDKGF WHGOF
 4.00 
 0.48 
Freegold
 0.00 
 0.05 
Puma
 22.62 
 0.05 
Sixty
 4.59 
 0.08 
Red
 8.67 
 0.08 
Altamira
 10.00 
 0.09 
Endurance
 15.38 
 0.07 
LRDJF
 6.15 
 0.04 
Gold
 11.11 
 0.04 
Klondike
 6.25 
 0.15 
White
Market Volatility
(90 Days Market Risk)
Abnormally volatile
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
Market Performance
(90 Days Performance)
Very Weak
Insignificant
OK
Very Weak
Insignificant
Very Weak
Weak
Insignificant
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
About Average
Quite High
Above Average
Quite High
Quite High
Quite High
Very High
Quite High
Low
Quite High
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Over Valued
Over 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 Hold
Strong Hold
Cautious Hold
Hold
Cautious Hold
Strong Hold
Strong Hold
Cautious Hold
Cautious Hold
Strong Hold
Current Ratio
6.44
2.99
0.14
3.95
9.56
10.94
6.55
7.8
4.82
4.41
Net Asset
74.42 M
14.75 M
6.34 M
4.41 M
19.81 M
7.6 M
811.07 K
N/A
29.99 M
127.6 M
EBITDA
(2.13 M)
(1.86 M)
(708.03 K)
(10.72 M)
(1.57 M)
(1.26 M)
(17.9 M)
(1.66 M)
(452.69 K)
(1.43 M)
Current Valuation
112.22 M
15.6 M
1.19 M
26.68 M
29.5 M
36.03 M
2.19 M
27.55 M
8.64 M
41.02 M
Price To Book
1.59
1.51
0.23
13.17
2.19
5.81
0.35
0.85
0.43
0.53
Retained Earnings
(27.77 M)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Current Asset
142 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
2.09
1.42
1.62
1.12
0.68
2.02
-0.24
0.96
1.09
0.64
Number Of Employees
4
5
4
18
43
8
4
4
10
13
Shares Outstanding
368.19 M
119.62 M
19.43 M
136.86 M
163.74 M
143.32 M
26.06 M
238.88 M
155.52 M
160.5 M
Cash Flow From Operations
(647.01 K)
(1.38 M)
(520.88 K)
(10.87 M)
(960.65 K)
(814.8 K)
(4.37 M)
(1.97 M)
(781 K)
(3.11 M)
Total Debt
149.64 K
N/A
N/A
135.61 K
N/A
N/A
N/A
N/A
398.8 K
N/A
Return On Equity
-0.01
-0.11
-0.0923
-4.53
-0.0803
-0.32
-8.43
-0.0416
-0.0234
-0.0056
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
-72.6
N/A
18.0
N/A
Return On Asset
-0.0058
-0.0973
-0.0371
-2.05
-0.0469
-0.0835
-1.5
-0.0263
-0.0182
-0.0164
Book Value Per Share
0.21
0.12
0.42
0.031
0.12
0.065
-0.26
0.21
0.19
0.74
Current Liabilities
8.54 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
74.42 M
14.75 M
6.34 M
4.41 M
19.81 M
7.6 M
811.07 K
N/A
29.99 M
127.6 M
Debt To Equity
0.002
N/A
N/A
0.021
0.01
N/A
N/A
N/A
0.013
N/A
Shares Owned By Institutions
3.45
1.05
N/A
14.74
15.8
N/A
N/A
11.59
0.83
3.38
Market Capitalization
116.51 M
18.03 M
3.03 M
38.16 M
24.82 M
31.96 M
3.35 M
27.41 M
12.24 M
44.69 M
Price To Earning
-10.03
N/A
N/A
-0.64
-2.81
36.71
N/A
N/A
-18.81
N/A
Net Income
(2.21 M)
(2.04 M)
(712.56 K)
(11.1 M)
(1.58 M)
(3.02 M)
(17.91 M)
(2.71 M)
(627.64 K)
(1.21 M)
Earnings Per Share
-0.006
-0.02
-0.004
-0.16
-0.011
-0.009
-0.12
-0.011
-0.004
-0.008
Shares Owned By Insiders
29.21
3.27
39.33
20.67
10.25
54.63
19.6
4.04
17.6
53.78
Working Capital
(8.4 M)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
8.81 M
5.16 M
27.36 K
6.32 M
3.25 M
3.21 M
140.41 K
1.66 M
2.21 M
7.22 M
Cash Per Share
0.03
0.05
N/A
0.05
0.02
0.02
N/A
0.01
0.01
0.05
Gross Profit
N/A
(13.39 K)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(87.08 K)
Day Typical Price
0.49
0.05
0.0549
0.082
0.0822
0.09
0.075
0.04
0.04
0.15
Accumulation Distribution
15846.15
N/A
4281.25
N/A
N/A
N/A
N/A
918.12
N/A
987.5
Daily Balance Of Power
(0.40)
0.0
(1.07)
9.2 T
(9,223,372,036,855)
(9,223,372,036,855)
9.2 T
0.5714
(9,223,372,036,855)
(1.00)
Period Momentum Indicator
(0.02)
N/A
(0.01)
0.0036
(0.01)
(0.01)
0.01
0.0024
(0.01)
(0.01)
Rate Of Daily Change
0.96
1.0
0.77
1.05
0.91
0.9
1.15
1.06
0.89
0.94
Day Median Price
0.5
0.05
0.0572
0.082
0.0822
0.09
0.075
0.0393
0.04
0.16
Price Action Indicator
(0.03)
N/A
(0.01)
0.0018
(0)
(0.01)
0.005
0.0033
(0)
(0.01)
Coefficient Of Variation
(468.70)
2533.34
976.46
(2,558)
1603.81
(562.68)
1607.7
2709.71
547594.69
(1,889)
Mean Deviation
3.19
3.02
12.27
2.67
4.23
1.27
4.97
4.2
3.23
3.55
Jensen Alpha
(0.87)
0.2978
3.16
(0.18)
0.4109
(0.52)
0.7414
0.2354
0.024
(0.30)
Total Risk Alpha
(0.97)
0.0872
2.3
(0.29)
0.2161
(0.57)
0.4191
0.0475
(0.22)
(0.44)
Sortino Ratio
N/A
N/A
0.0887
N/A
0.0561
N/A
0.0396
0.0307
(0)
N/A
Downside Variance
N/A
N/A
1250.03
N/A
45.01
N/A
352.97
43.16
297.84
N/A
Standard Deviation
3.99
8.36
30.95
4.18
6.55
2.73
12.49
6.34
7.58
5.26
Kurtosis
(0.27)
13.06
16.63
1.67
2.48
8.39
17.45
3.48
4.23
3.28
Potential Upside
6.49
16.67
23.81
8.89
16.65
N/A
23.93
11.03
20.0
6.67
Treynor Ratio
(1.70)
0.3217
25.06
(1.03)
(0.71)
(0.51)
0.6705
(0.44)
0.0059
(0.41)
Maximum Drawdown
17.3
71.82
237.69
21.36
36.32
20.0
103.05
42.76
45.0
28.1
Variance
15.94
69.84
958.06
17.51
42.92
7.44
155.95
40.22
57.44
27.7
Market Risk Adjusted Performance
(1.69)
0.3317
25.07
(1.02)
(0.70)
(0.50)
0.6805
(0.43)
0.0159
(0.40)
Risk Adjusted Performance
(0.16)
0.0405
0.0914
(0.02)
0.0585
(0.13)
0.0589
0.0382
0.0091
(0.03)
Skewness
0.052
1.49
3.1
0.3022
1.02
(1.42)
2.64
0.6124
0.3236
1.09
Semi Deviation
N/A
N/A
14.97
N/A
4.59
N/A
6.98
5.31
5.6
N/A
Information Ratio
(0.22)
0.0356
0.1014
(0.05)
0.0574
(0.19)
0.0596
0.0318
(0)
(0.06)
Value At Risk
(7.14)
(14.29)
(13.89)
(9.09)
(9.00)
(8.33)
(11.25)
(8.78)
(16.67)
(6.67)
Expected Short fall
N/A
N/A
(36.74)
N/A
(6.74)
N/A
(21.27)
(5.37)
(13.34)
N/A
Downside Deviation
N/A
N/A
35.36
N/A
6.71
N/A
18.79
6.57
17.26
N/A
Semi Variance
N/A
N/A
224.22
N/A
21.07
N/A
48.75
28.15
31.35
N/A

Freegold Ventures Competition Performance Charts

Five steps to successful analysis of Freegold Ventures Competition

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

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Other Information on Investing in Freegold OTC Stock

Freegold Ventures financial ratios help investors to determine whether Freegold 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 Freegold with respect to the benefits of owning Freegold Ventures security.
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