NioCorp Competitors

NIOBW Stock

0.1 0.01 13.64%

NioCorp Developments competes with Air Lease, Anheuser Busch, Finnair Oyj, Vita Coco, and SNDL; as well as few others. The company classifies itself under Metals & Mining sector and is part of Materials industry. Analyzing NioCorp Developments 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 NioCorp Developments to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out NioCorp Developments Correlation with its peers.

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Hype

Prediction

Low	Estimated	High
0.00	0.06	17.37

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Intrinsic

Valuation

Low	Real	High
0.00	0.09	17.40

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as NioCorp Developments. Your research has to be compared to or analyzed against NioCorp Developments' peers to derive any actionable benefits. When done correctly, NioCorp Developments' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NioCorp Developments.

NioCorp Developments Competition Correlation Matrix

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

	AL	BUD	FNNNF	COCO	SNDL	WAB	ASLE
AL		-0.86	-0.67	0.83	-0.29	0.73	0.89	AL
BUD	-0.86		0.58	-0.82	0.23	-0.6	-0.86	BUD
FNNNF	-0.67	0.58		-0.5	0.58	-0.41	-0.53	FNNNF
COCO	0.83	-0.82	-0.5		-0.04	0.89	0.87	COCO
SNDL	-0.29	0.23	0.58	-0.04		-0.08	-0.04	SNDL
WAB	0.73	-0.6	-0.41	0.89	-0.08		0.7	WAB
ASLE	0.89	-0.86	-0.53	0.87	-0.04	0.7		ASLE
	AL	BUD	FNNNF	COCO	SNDL	WAB	ASLE

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High positive correlations

ASLE	+ 0.89	AL
WAB	+ 0.89	COCO
ASLE	+ 0.87	COCO
COCO	+ 0.83	AL
WAB	+ 0.73	AL
ASLE	+ 0.7	WAB

High negative correlations

ASLE	- 0.86	BUD
BUD	- 0.86	AL
COCO	- 0.82	BUD
FNNNF	- 0.67	AL
WAB	- 0.6	BUD
ASLE	- 0.53	FNNNF

Risk-Adjusted Indicators

There is a big difference between NioCorp Stock performing well and NioCorp Developments 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 NioCorp Developments' 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
AL	1.27	(0.01)	0.05	0.12	1.38	(1.47)	3.00	(2.41)	6.71
BUD	0.88	(0.24)	0.00	(0.71)	0.00	0.00	1.36	(2.02)	9.38
FNNNF	0.49	(0.08)	0.00	0.86	0.00	0.00	0.00	0.00	19.58
COCO	1.59	0.48	0.20	1.20	1.47	(1.77)	3.72	(3.13)	11.39
SNDL	1.94	0.09	(0.02)	(0.14)	3.01	(2.19)	3.86	(3.62)	24.46
WAB	0.84	0.15	0.18	0.26	0.55	(1.04)	2.14	(1.07)	5.07
ASLE	2.27	0.18	0.09	0.23	2.38	(2.73)	6.59	(5.14)	15.01

Cross Equities Net Income Analysis

Compare NioCorp Developments and related stocks such as Air Lease, Anheuser Busch Inbev, and Finnair Oyj Net Income Over Time

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
AL	53.2 M	53.2 M	131.9 M	190.4 M	256 M	253.4 M	374.9 M	756.2 M	510.8 M	587.1 M	516.3 M	436.6 M	(97 M)	614.6 M	387.9 M
BUD	490 M	5.9 B	7.2 B	14.4 B	9.2 B	8.3 B	1.2 B	8 B	4.4 B	9.2 B	148 M	4.7 B	6 B	5.3 B	5.3 B
COCO	9.4 M	9.4 M	9.4 M	9.4 M	9.4 M	9.4 M	9.4 M	9.4 M	9.4 M	9.4 M	32.7 M	19 M	7.8 M	46.6 M	25.4 M
SNDL	(1.5 M)	(1.5 M)	(1.5 M)	(1.5 M)	(1.5 M)	(1.5 M)	(1.5 M)	(13 M)	(3 M)	(271.6 M)	(255.9 M)	(230.2 M)	(372.4 M)	(172.7 M)	(181.3 M)
WAB	28.1 M	170.1 M	251.7 M	292.2 M	351.7 M	398.6 M	304.9 M	262.3 M	294.9 M	326.7 M	414 M	558 M	633 M	815 M	855.8 M
ASLE	8.9 M	8.9 M	8.9 M	8.9 M	8.9 M	8.9 M	8.9 M	8.9 M	8.9 M	15.5 M	8.1 M	36.1 M	43.9 M	(5.6 M)	(5.3 M)

NioCorp Developments and related stocks such as Air Lease, Anheuser Busch Inbev, and Finnair Oyj Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in NioCorp Developments financial statement analysis. It represents the amount of money remaining after all of NioCorp Developments Ltd operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

NioCorp Developments Competitive Analysis

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

Better Than Average

Worse Than Peers

View Performance Chart

	NIOBW	AL	BUD	FNNNF	COCO	SNDL	WAB	ASLE
	13.64 0.1 NioCorp	0.37 50.90 Air	0.52 53.80 Anheuser	0.85 2.33 Finnair	0.22 35.54 Vita	1.53 1.93 SNDL	0.29 200.62 Westinghouse	0.80 6.30 AerSale
Market Volatility (90 Days Market Risk)	Out of control	Very steady	Very steady	Relatively risky	Very steady	Risky	Very steady	Somewhat reliable
Market Performance (90 Days Performance)	Modest	Good	Very Weak	Very Weak	Solid	Very Weak	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	High	Below Average	Below Average	Below Average	Low	About Average	Very Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Over Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Strong Buy	Buy	Not Available	Strong Buy	Strong Buy	Strong Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Hold	Cautious Hold	Sell	Buy	Strong Sell	Buy	Cautious Hold
Current Ratio	N/A	0.90 X	0.67 X	1.03 X	2.99 X	6.63 X	1.27 X	6.77 X
Net Asset	20.07 M	30.45 B	219.34 B	4.05 B	285.68 M	1.47 B	18.99 B	553.94 M
Profit Margin	N/A	0.20 %	0.11 %	(0.29) %	0.12 %	(0.12) %	0.10 %	0 %
EBITDA	(8.02 M)	1.88 B	18.97 B	(173.7 M)	58.61 M	(99.15 M)	1.79 B	48 K
Operating Margin	N/A	0.50 %	0.27 %	(0.14) %	0.15 %	(0.04) %	0.17 %	0.02 %
Current Valuation	N/A	25.37 B	176.95 B	1.93 B	1.86 B	418.46 M	38.1 B	430.88 M
Price To Book	N/A	0.74 X	1.35 X	1.57 X	8.00 X	0.60 X	3.36 X	0.74 X
Retained Earnings	(161.91 M)	3.87 B	42.22 B	302 M	100.74 M	(1.26 B)	5.27 B	133.27 M
Current Asset	N/A	1.24 B	18.29 B	1.34 B	288.6 M	N/A	1.61 B	N/A
Five Year Return	N/A	1.40 %	2.56 %	N/A	N/A	N/A	0.62 %	N/A
Beta	N/A	1.6	1.02	1.47	0.22	3.2	1.27	0.23
Number Of Employees	8	163	155 K	5.33 K	294	2.52 K	29 K	707
Shares Outstanding	N/A	111.38 M	1.75 B	1.41 B	56.73 M	265.56 M	171.89 M	53.21 M
Cash Flow From Operations	(11.73 M)	1.75 B	13.27 B	(25.3 M)	107.16 M	(16.65 M)	1.2 B	(174.15 M)
Annual Yield	N/A	0.02 %	0.02 %	N/A	N/A	N/A	0 %	N/A
Total Debt	7.66 M	19.18 B	78.17 B	986.2 M	1.22 M	167.03 M	4.38 B	37.53 M
Return On Equity	N/A	0.0732	0.0839	-1.35	0.27	-0.0899	0.1	9.0E-4
Number Of Shares Shorted	38.52 K	2.98 M	4.42 M	N/A	6.13 M	4.98 M	2.28 M	2.64 M
Return On Asset	N/A	0.0281	0.0435	-0.0433	0.15	-0.0219	0.0545	0.0041
Book Value Per Share	N/A	68.92 X	39.82 X	0.25 X	4.44 X	4.55 X	59.11 X	8.49 X
Current Liabilities	N/A	1.07 B	28.46 B	925 M	251.25 M	N/A	664.78 M	N/A
Total Asset	20.07 M	30.45 B	219.34 B	4.05 B	285.68 M	1.47 B	18.99 B	553.94 M
Debt To Equity	N/A	2.85 %	1.01 %	9.04 %	0.17 %	0.17 %	0.45 %	N/A
Short Ratio	N/A	4.17 X	2.56 X	N/A	10.48 X	1.92 X	2.44 X	5.14 X
Target Price	N/A	57.57	73.6	N/A	33.22	4.86	213.91	7.33
Last Dividend Paid	N/A	0.84	N/A	N/A	N/A	N/A	0.77	N/A
Shares Owned By Institutions	N/A	99.11 %	6.01 %	9.51 %	83.31 %	15.27 %	93.83 %	66.84 %
Market Capitalization	N/A	5.67 B	106.12 B	773.85 M	2.02 B	512.53 M	34.48 B	335.23 M
Price To Earning	N/A	8.71 X	22.82 X	8.43 X	15.97 X	N/A	45.23 X	20.32 X
Price To Earnings To Growth	N/A	0.91 X	0.76 X	N/A	1.07 X	N/A	3.92 X	N/A
Price To Sales	N/A	2.07 X	1.79 X	0.35 X	4.08 X	0.56 X	3.34 X	0.97 X
Net Income	(11.44 M)	614.62 M	5.34 B	(464.3 M)	46.63 M	(176.55 M)	815 M	(5.56 M)
Earnings Per Share	N/A	4.39 X	3.18 X	(0.40) X	1.00 X	(0.30) X	6.00 X	(0.02) X
Shares Owned By Insiders	N/A	6.50 %	N/A	56.50 %	12.92 %	0.51 %	1.04 %	21.50 %
Revenue	N/A	2.68 B	59.38 B	838.4 M	493.61 M	909.01 M	9.68 B	334.5 M
Working Capital	(9.04 M)	(843.51 M)	(13.79 B)	414 M	180.35 M	303.77 M	799 M	219.06 M
Cash And Equivalents	N/A	766.42 M	N/A	1.64 B	16.41 M	325.6 M	541 M	200.45 M
Cash Per Share	N/A	9.13 X	0.61 X	1.17 X	0.29 X	1.38 X	2.76 X	3.88 X
Gross Profit	N/A	1.35 B	31.48 B	(158.9 M)	103.36 M	140.38 M	2.58 B	152.25 M
Day Typical Price	0.095	51.09	53.62	2.33	35.73	1.94	200.76	6.31
Accumulation Distribution	N/A	0.0113	0.0139	N/A	0.0163	0.0254	0.0116	0.0204
Market Facilitation Index	N/A	0.58	0.75	N/A	0.59	0.05	2.34	0.13
Daily Balance Of Power	(9,223,372,036,855)	0.3276	(0.37)	(9,223,372,036,855)	(0.14)	(0.60)	0.2479	0.3846
Period Momentum Indicator	(0.01)	0.19	(0.28)	(0.02)	(0.08)	(0.03)	0.58	0.05
Rate Of Daily Change	0.86	1.0	0.99	0.99	1.0	0.98	1.0	1.01
Day Median Price	0.095	51.18	53.54	2.33	35.83	1.94	200.83	6.32
Price Action Indicator	(0.01)	(0.19)	0.13	(0.01)	(0.32)	(0.03)	0.08	0.01
Coefficient Of Variation	2318.0	808.2	(654.18)	(2,175)	416.07	5568.79	371.26	779.53
Mean Deviation	11.36	1.27	0.8807	0.4889	1.59	1.94	0.8384	2.27
Jensen Alpha	0.6686	(0.01)	(0.24)	(0.08)	0.4828	0.0881	0.1451	0.1753
Total Risk Alpha	(2.17)	(0.08)	(0.41)	(0.42)	0.158	(0.47)	0.1038	(0.13)
Sortino Ratio	0.0307	0.0455	N/A	N/A	0.201	(0.02)	0.1779	0.091
Downside Variance	402.62	2.32	N/A	N/A	4.21	11.84	0.8267	7.92
Standard Deviation	17.47	1.67	1.26	1.9	2.29	3.08	1.11	3.07
Kurtosis	4.85	1.42	5.18	41.4	2.59	7.39	1.97	0.6676
Potential Upside	30.0	3.0	1.36	N/A	3.72	3.86	2.14	6.59
Treynor Ratio	1.27	0.1198	(0.71)	0.8631	1.2	(0.14)	0.256	0.2349
Maximum Drawdown	127.67	6.71	9.38	19.58	11.39	24.46	5.07	15.01
Variance	305.04	2.8	1.6	3.62	5.24	9.48	1.24	9.43
Market Risk Adjusted Performance	1.28	0.1298	(0.70)	0.8731	1.21	(0.13)	0.266	0.2449
Risk Adjusted Performance	0.0425	0.1	(0.11)	(0.03)	0.1904	0.0212	0.209	0.1056
Skewness	0.586	0.0022	(0.87)	(5.09)	0.7248	(0.59)	0.3235	0.2163
Semi Deviation	14.7	1.38	N/A	N/A	1.47	3.01	0.5509	2.38
Information Ratio	0.0353	0.0415	(0.26)	(0.12)	0.1802	(0.03)	0.1455	0.0835
Value At Risk	(23.08)	(2.41)	(2.02)	N/A	(3.13)	(3.62)	(1.07)	(5.14)
Expected Short fall	(15.18)	(1.47)	N/A	N/A	(1.77)	(2.19)	(1.04)	(2.73)
Downside Deviation	20.07	1.52	N/A	N/A	2.05	3.44	0.9092	2.81
Semi Variance	216.02	1.91	N/A	N/A	2.17	9.07	0.3035	5.66

NioCorp Developments Competition Performance Charts

Five steps to successful analysis of NioCorp Developments Competition

NioCorp Developments' 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 NioCorp Developments in relation to its competition. NioCorp Developments' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of NioCorp Developments 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 NioCorp Developments' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NioCorp Developments, 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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When running NioCorp Developments' price analysis, check to measure NioCorp Developments' 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 NioCorp Developments is operating at the current time. Most of NioCorp Developments' value examination focuses on studying past and present price action to predict the probability of NioCorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NioCorp Developments' price. Additionally, you may evaluate how the addition of NioCorp Developments to your portfolios can decrease your overall portfolio volatility.

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