Kirkland Competitors

Summary

Kirkland Lake Gold competes with Gap,, Getty Realty, National Vision, Par Pacific, and SBM Offshore; as well as few others. The company is active under Basic Materials sector as part of Gold industry. Analyzing Kirkland Lake 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 Kirkland Lake to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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 Kirkland Lake competition on your existing holdings.

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Kirkland Lake Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Kirkland Lake and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Kirkland 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 Kirkland Lake Gold does not affect the price movement of the other competitor.

	GAP	GTY	EYE	PARR	SBFFY	ABEV
GAP		0.32	0.55	-0.34	-0.46	-0.45	GAP
GTY	0.32		0.34	0.05	0.33	0.03	GTY
EYE	0.55	0.34		-0.25	-0.05	-0.39	EYE
PARR	-0.34	0.05	-0.25		0.38	0.63	PARR
SBFFY	-0.46	0.33	-0.05	0.38		0.12	SBFFY
ABEV	-0.45	0.03	-0.39	0.63	0.12		ABEV
	GAP	GTY	EYE	PARR	SBFFY	ABEV

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High positive correlations

ABEV	+ 0.63	PARR
EYE	+ 0.55	GAP
SBFFY	+ 0.38	PARR
EYE	+ 0.34	GTY
SBFFY	+ 0.33	GTY
GTY	+ 0.32	GAP

High negative correlations

SBFFY	- 0.46	GAP
ABEV	- 0.45	GAP
ABEV	- 0.39	EYE
PARR	- 0.34	GAP
PARR	- 0.25	EYE
SBFFY	- 0.05	EYE

Risk-Adjusted Indicators

There is a big difference between Kirkland Stock performing well and Kirkland Lake 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 Kirkland Lake'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GAP	1.81	0.29	0.14	0.55	1.71	(2.09)	5.26	(3.38)	17.10
GTY	0.75	(0.04)	0.00	(1.12)	0.00	0.00	1.59	(1.31)	5.80
EYE	2.06	0.00	(0.01)	0.02	2.13	(2.45)	4.90	(4.08)	11.05
PARR	2.30	(0.05)	0.00	0.14	0.00	0.00	3.73	(5.78)	15.96
SBFFY	0.64	(0.04)	0.00	0.24	0.00	0.00	2.72	(1.05)	16.59
ABEV	1.48	(0.23)	0.00	1.71	0.00	0.00	2.96	(3.31)	9.81

Unable to evaluate fundamental data of [GAP, GTY, EYE, PARR, SBFFY, ABEV] at this time. Please try again later

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Kirkland Lake Competitive Analysis

The better you understand Kirkland Lake competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Kirkland Lake'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 Kirkland Lake'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

	GAP	GTY	EYE	PARR	SBFFY	ABEV
	1.14 24.28 Gap,	0.07 30.26 Getty	4.08 10.57 National	0.92 16.19 Par	2.53 17.43 SBM	1.06 1.87 Ambev
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Not too volatile	Not too volatile	Relatively risky
Market Performance (90 Days Performance)	Modest	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Very Small	Very Low	Below Average	Very Small	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Under Valued	Under Valued	Over Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Buy	Buy	Buy	Not Available	Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Hold	Cautious Hold	Strong Sell	Strong Sell	Cautious Hold
Current Ratio	N/A	2.65 X	1.36 X	0.88 X	1.60 X	1.19 X
Net Asset	11.04 B	1.82 B	2.17 B	3.86 B	13.21 B	132.64 B
Profit Margin	0.05 %	0.33 %	(0.01) %	0.04 %	0.12 %	0.17 %
EBITDA	1.17 B	143.02 M	53.12 M	805.81 M	887 M	23.46 B
Operating Margin	0.08 %	0.53 %	0.01 %	0.02 %	0.19 %	0.24 %
Current Valuation	11.86 B	2.49 B	1.58 B	2.23 B	9.84 B	28.08 B
Price To Book	2.95 X	1.70 X	0.99 X	0.73 X	0.97 X	1.87 X
Retained Earnings	2.42 B	(94.1 M)	254.62 M	465.86 M	1.62 B	43.19 B
Current Asset	N/A	81.23 M	524.19 M	531.75 M	4.7 B	28.31 B
Five Year Return	N/A	4.89 %	N/A	N/A	3.67 %	2.97 %
Beta	2.37	0.94	1.42	1.99	0.89	0.55
Number Of Employees	85 K	32	14 K	1.81 K	4.89 K	43 K
Shares Outstanding	375.07 M	55.02 M	78.75 M	55.95 M	180.67 M	15.73 B
Cash Flow From Operations	1.53 B	105.3 M	173.03 M	579.16 M	(757 M)	24.71 B
Annual Yield	0.03 %	0.06 %	N/A	N/A	0.06 %	N/A
Total Debt	5.44 B	772.74 M	923.46 M	1.02 B	5.89 B	3.5 B
Return On Equity	0.3	0.0691	-0.0975	0.27	0.15	0.15
Return On Asset	0.0566	0.0353	0.0097	0.0404	0.0433	0.0865
Number Of Shares Shorted	29.97 M	2.46 M	3.28 M	3.82 M	N/A	68.22 M
Book Value Per Share	7.71 X	17.51 X	10.68 X	22.40 X	16.43 X	6.24 X
Current Liabilities	N/A	88.92 M	349.87 M	365.04 M	1.8 B	30.14 B
Total Asset	11.04 B	1.82 B	2.17 B	3.86 B	13.21 B	132.64 B
Debt To Equity	N/A	0.86 %	1.11 %	3.11 %	1.81 %	0.04 %
Short Ratio	4.35 X	9.98 X	2.55 X	3.85 X	N/A	2.54 X
Last Dividend Paid	0.6	1.8	N/A	N/A	1.0	0.73
Target Price	27.69	33.83	13.7	22.57	18.0	3.08
Shares Owned By Institutions	64.56 %	89.15 %	98.01 %	98.27 %	N/A	29.48 %
Market Capitalization	8.36 B	1.64 B	832.39 M	905.86 M	2.77 B	34.92 B
Price To Earning	N/A	19.04 X	88.95 X	9.02 X	14.91 X	22.12 X
Price To Earnings To Growth	0.91 X	N/A	(2.09) X	N/A	N/A	1.78 X
Price To Sales	0.55 X	8.28 X	0.38 X	0.11 X	0.62 X	0.38 X
Net Income	502 M	60.15 M	(65.9 M)	728.64 M	400 M	14.5 B
Earnings Per Share	2.02 X	1.16 X	(1.04) X	5.15 X	3.02 X	0.15 X
Shares Owned By Insiders	40.96 %	8.20 %	1.99 %	2.71 %	N/A	0.02 %
Revenue	14.89 B	185.85 M	2.13 B	8.23 B	3.75 B	79.74 B
Working Capital	1.3 B	97.52 M	(1.03 M)	464.89 M	2.91 B	(4.44 B)
Cash And Equivalents	N/A	8.71 M	258.58 M	186.18 M	605 M	19.06 B
Cash Per Share	N/A	0.25 X	3.28 X	3.09 X	3.40 X	1.21 X
Gross Profit	6.63 B	144.03 M	1.08 B	945.77 M	925 M	39.29 B
Day Typical Price	24.39	30.26	10.7	16.25	17.43	1.88
Accumulation Distribution	44560.44	0.0095	0.04	16703.93	N/A	1.6 M
Market Facilitation Index	N/A	0.29	0.44	0.0	N/A	N/A
Daily Balance Of Power	(0.52)	(0.07)	(1.02)	(0.31)	9.2 T	(0.40)
Period Momentum Indicator	(0.28)	(0.02)	(0.45)	(0.15)	0.43	(0.02)
Rate Of Daily Change	0.99	1.0	0.96	0.99	1.03	0.99
Day Median Price	24.45	30.27	10.77	16.27	17.43	1.89
Price Action Indicator	(0.31)	(0.01)	(0.42)	(0.16)	0.21	(0.03)
Coefficient Of Variation	882.62	(3,435)	12752.62	(5,711)	(6,405)	(834.85)
Mean Deviation	1.81	0.7547	2.06	2.3	0.6439	1.48
Jensen Alpha	0.2883	(0.04)	(0)	(0.05)	(0.04)	(0.23)
Total Risk Alpha	0.2242	(0.07)	(0.06)	(0.15)	(0.09)	(0.29)
Sortino Ratio	0.1364	N/A	(0.01)	N/A	N/A	N/A
Downside Variance	4.16	N/A	4.84	N/A	N/A	N/A
Standard Deviation	2.74	1.03	2.53	3.05	1.95	1.9
Kurtosis	6.16	1.6	(0.15)	1.02	14.37	0.3708
Potential Upside	5.26	1.59	4.9	3.73	2.72	2.96
Treynor Ratio	0.5483	(1.12)	0.0166	0.1356	0.238	1.71
Maximum Drawdown	17.1	5.8	11.05	15.96	16.59	9.81
Variance	7.51	1.06	6.39	9.33	3.79	3.63
Market Risk Adjusted Performance	0.5583	(1.11)	0.0266	0.1456	0.248	1.72
Risk Adjusted Performance	0.0974	(0.02)	0.0131	(0.01)	(0.01)	(0.09)
Skewness	1.71	(0.08)	0.4894	(0.04)	(2.03)	0.1239
Semi Deviation	1.71	N/A	2.13	N/A	N/A	N/A
Information Ratio	0.1016	(0.06)	(0)	(0.03)	(0.03)	(0.14)
Value At Risk	(3.38)	(1.31)	(4.08)	(5.78)	(1.05)	(3.31)
Expected Short fall	(2.09)	N/A	(2.45)	N/A	N/A	N/A
Downside Deviation	2.04	N/A	2.2	N/A	N/A	N/A
Semi Variance	2.92	N/A	4.56	N/A	N/A	N/A

Kirkland Lake Competition Performance Charts

Five steps to successful analysis of Kirkland Lake Competition

Kirkland Lake'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 Kirkland Lake Gold in relation to its competition. Kirkland Lake's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Kirkland Lake 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 Kirkland Lake's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Kirkland Lake Gold, 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 Kirkland Lake position

In addition to having Kirkland Lake 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.

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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Other Consideration for investing in Kirkland Stock

If you are still planning to invest in Kirkland Lake Gold check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Kirkland Lake's history and understand the potential risks before investing.

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