McEwen Competitors
| MUX Stock | USD 23.22 -1.21 -4.95% |
Pair Correlation for McEwen Mining and Metalla Royalty Summary
Very weak diversification
Across the chosen horizon, MUX and MTA show a correlation of 0.4 and fall into the Very weak diversification bucket. 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 together with McEwen Stock
Mean reversion in McEwen Mining is distinct from trend following. Where trend followers ride price momentum, mean reversion investors bet that extended moves will reverse once the underlying driver runs out of fuel.
McEwen Mining Competition Correlation Matrix
Correlation analysis between McEwen Mining 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 McEwen Stock performing well and McEwen Mining 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 McEwen Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLSR | 2.88 | 0.30 | 0.08 | -0.92 | 3.94 | 6.24 | 20.66 | |||
| ECVT | 1.31 | 0.49 | 0.35 | 0.47 | 0.98 | 3.11 | 6.84 | |||
| CNL | 3.85 | 0.64 | 0.12 | 0.37 | 5.06 | 10.33 | 25.04 | |||
| BAK | 3.60 | 0.79 | 0.17 | 0.58 | 3.92 | 10.03 | 23.65 | |||
| SCL | 1.60 | 0.20 | 0.04 | 0.08 | 4.09 | 3.31 | 27.54 | |||
| NAK | 4.65 | -0.33 | 0.00 | -0.53 | 0.00 | 8.04 | 52.08 | |||
| CRML | 7.43 | 0.44 | 0.05 | 0.17 | 7.70 | 20.25 | 50.81 | |||
| UAN | 2.32 | 0.52 | 0.15 | -0.66 | 3.36 | 6.75 | 18.65 | |||
| ASM | 4.61 | 0.63 | 0.09 | 0.17 | 5.72 | 12.46 | 37.83 | |||
| MTA | 2.36 | 0.17 | 0.04 | 0.08 | 3.94 | 4.77 | 15.11 |
Peer Comparison: Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in McEwen Mining financial statement analysis. It represents the amount of money remaining after all of McEwen Mining operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Compare McEwen Mining and related stocks such as Solaris Resources, Ecovyst, and Collective Mining Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ECVT | -22.1 M | -22.1 M | -22.1 M | -22.1 M | -22.1 M | 11.4 M | -79.7 M | 57.6 M | 58.3 M | 79.5 M | -278.8 M | -139.9 M | 73.7 M | 71.2 M | -6.7 M | -71.1 M | -67.5 M |
| CNL | 90.4 M | 195.7 M | 163.6 M | 160.7 M | 154.7 M | 133.7 M | 39.1 M | 150.7 M | 162.3 M | 152.7 M | -1.7 M | -17.3 M | -17.3 M | -19.1 M | -25.7 M | -23.1 M | -21.9 M |
| BAK | 121.9 M | -525.1 M | -731.1 M | 509.7 M | 864.1 M | 3.1 B | -411.5 M | 4.1 B | 2.9 B | -2.5 B | -6.7 B | 14 B | -336 M | -4.6 B | -11.3 B | -10.2 B | -9.7 B |
| SCL | 5.5 M | 72 M | 79.4 M | 72.8 M | 57.1 M | 76 M | 86.2 M | 91.6 M | 112.8 M | 103.1 M | 126.8 M | 137.8 M | 147.2 M | 40.2 M | 50.4 M | 46.9 M | 47.8 M |
| NAK | 0.0 | -20.1 M | -15.7 M | -2.5 M | -31.3 M | -33.8 M | -27 M | -64.9 M | -16 M | -69.2 M | -64 M | -24.9 M | -24.4 M | -15.8 M | -36.1 M | -32.5 M | -34.2 M |
| CRML | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -501.5 K | -345.5 K | -5.5 M | -147.5 M | -51.9 M | -46.7 M | -49 M |
| UAN | 118.9 M | 132.4 M | 112.2 M | 118.6 M | 76.1 M | 62 M | -26.9 M | -72.8 M | -50 M | -35 M | -98.2 M | 78.2 M | 286.8 M | 172.4 M | 60.9 M | 98.7 M | 68.8 M |
| ASM | -275.2 K | -4.1 M | -1.3 M | 796.6 K | 2.2 M | 378.1 K | 2 M | 2.5 M | 1.6 M | -31.5 M | -7.7 M | -2.1 M | 3.1 M | 542 K | 8.1 M | 27.1 M | 28.5 M |
| MTA | -395 K | -1.5 M | -980.3 K | -2.5 M | -4.2 M | -158.9 K | -2.4 M | -2 M | -1.8 M | -4.7 M | -10.4 M | -10.4 M | -10.9 M | -5.8 M | -5.2 M | -4.7 M | -4.9 M |
McEwen Mining Competitive Analysis
Investors comparing McEwen Mining with Ecovyst, Collective Mining, and Braskem SA should look beyond headline numbers to profitability and valuation. McEwen Mining reports 197.6 M in revenue at a 1.45 B market cap. McEwen Mining currently operates at a -7.16% net margin with return on equity at -2.41%, reflecting headwinds in the current cycle. Top-line revenue favors Ecovyst by a wide margin: 723.5 M to 197.6 M. On equity returns, McEwen Mining earns -2.41% compared to -120.35% at Collective Mining. McEwen Mining is dwarfed by Braskem SA on market cap at 1.88 B versus 1.45 B.| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze McEwen Mining Against Peers
McEwen Mining's peer analysis compares McEwen Mining 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 McEwen Mining 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 McEwen Mining leads or lags and what catalysts could close or widen the gap.