District Competitors
| DMX Stock | CAD 0.61 -0.01 -1.61% |
District Metals and Laramide Resources Correlation Overview
Excellent diversification
The correlation between DMX and LAM is -0.54, which Macroaxis classifies as Excellent diversification for the selected horizon. The overlap area represents the portion of risk that may be diversified away when both instruments are held together and nothing else in the portfolio changes.
Moving against District Stock
Mean reversion opportunities in District Metals' arise when market prices disconnect from fundamental anchors such as earnings, book value, or historical price-to-earnings multiples.
District Metals Competition Correlation Matrix
Correlation analysis between District Metals Corp and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between District Stock performing well and District 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 District 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MMA | 3.50 | 0.06 | 0.02 | -0.26 | 4.82 | 6.38 | 18.48 | |||
| CNC | 3.57 | 0.63 | 0.17 | -4.24 | 3.40 | 9.24 | 27.68 | |||
| AHR | 2.75 | 0.08 | 0.02 | 0.04 | 3.31 | 4.80 | 22.73 | |||
| AAG | 5.25 | 0.34 | 0.08 | -0.31 | 5.03 | 12.94 | 33.99 | |||
| TSK | 4.48 | 0.31 | 0.06 | 0.32 | 4.89 | 9.28 | 22.80 | |||
| MLP | 3.21 | -0.08 | 0.00 | -0.30 | 0.00 | 7.29 | 26.66 | |||
| TDG | 4.07 | -0.17 | 0.00 | -0.52 | 0.00 | 8.70 | 28.03 | |||
| LAM | 4.06 | 0.55 | 0.11 | 0.70 | 4.21 | 11.39 | 23.72 |
District Metals Competitive Analysis
Within its peer group that includes Midnight Sun, Canada Nickel, and Amarc Resources, District Metals stands out in several ways. The company commands a 102.3 M market valuation. District Metals posts a -21.21% return on equity, reflecting current earnings headwinds. Market capitalization diverges sharply here: 256.5 M versus 102.3 M, giving Midnight Sun a clear size advantage. Return on equity favors Canada Nickel at -12.21%, well ahead of District Metals at -21.21%. Return on equity favors District Metals at -21.21%, well ahead of Amarc Resources at -385.36%.| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze District Metals Against Peers
District Metals' peer analysis compares District Metals with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether District Metals trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where District Metals leads or lags and what catalysts could close or widen the gap.