NGEx Competitors

Stocks . Canada . 
Stock . NGEx Minerals
NGEX Stock   24.87  -0.80  -3.12%   
The company operates in the Other Industrial Metals & Mining industry (Basic Materials sector). NGEx Minerals operates alongside NovaGold Resources, Americas Silver, Erdene Resource, K92 Mining, and Orla Mining and other firms in the same space. Peer context helps frame relative positioning. Peer analytics here show whether NGEx Minerals outperforms competitors on quality and value.

NGEx Minerals and Torex Gold Correlation Snapshot

Weak diversification

The correlation between NGEX and TXG is 0.36, which Macroaxis classifies as Weak 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 together with NGEx Stock

  0.9TECK-B Teck ResourcesPairCorr
  0.7SKE Skeena ResourcesPairCorr
  0.83FOM Foran Mining Earnings Call This WeekPairCorr

Moving against NGEx Stock

  0.57ZMSF MICROSOFT BMO CDRPairCorr
  0.57MSFT Microsoft CDRPairCorr
  0.57MSFT Microsoft Corp CDRPairCorr
  0.43ZAAP APPLE BMO CDRPairCorr
Investors who believe in mean reversion view NGEx Minerals' price extremes not as permanent states but as temporary dislocations that create opportunities for disciplined, contrarian capital allocation.
Hype
Prediction
LowEstimatedHigh
21.4024.8328.26
Details
Intrinsic
Valuation
LowRealHigh
20.4023.8327.26
Details
Naive
Forecast
LowNextHigh
18.8622.2925.72
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.1148-0.12-0.0907
Details
A complete picture of NGEx Minerals's investment merit requires comparative analysis. How NGEx Minerals' growth rates, profitability, and capital efficiency stack up against peers is often the deciding factor in investment decisions.

NGEx Minerals Competition Correlation Matrix

Correlation analysis between NGEx Minerals 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

OLA
+ 0.95
USA
OLA
+ 0.94
KNT
KNT
+ 0.92
USA
WGX
+ 0.9
OLA
WGX
+ 0.89
KNT
WGX
+ 0.88
USA
  

High negative correlations

SJ
- 0.19
ERD
TXG
- 0.01
SJ

Risk-Adjusted Indicators

There is a big difference between NGEx Stock performing well and NGEx Minerals 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 NGEx Minerals' 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.

NGEx Minerals Competitive Analysis

Sizing up NGEx Minerals against NovaGold Resources, Americas Silver, and Erdene Resource reveals meaningful differences in scale and efficiency. At a 5.38 B valuation, NGEx Minerals is a significant player in the space. NGEx Minerals posts a -124.43% return on equity, reflecting current earnings headwinds. NGEx Minerals leads with -124.43% return on equity versus -162.68% for NovaGold Resources. Market capitalization diverges sharply here: 5.38 B versus 3.26 B, giving NGEx Minerals a clear size advantage. Market capitalization diverges sharply here: 5.38 B versus 454.7 M, giving NGEx Minerals a clear size advantage.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NGEX NG USA ERD KNT OLA WGX SJ DSV TXG
 3.12 
24.87
NGEx
 6.91 
14.27
NovaGold
 7.85 
10.10
Americas
 5.40 
7.01
Erdene
 6.74 
24.36
K92
 3.60 
22.48
Orla
 2.87 
5.75
Westgold
 1.03 
96.99
Stella
 5.15 
9.03
Discovery
 5.68 
66.93
Torex
Market Volatility
(90 Days Market Risk)
Low
Stable
Slightly Elevated
Moderate
Low
Low
Slightly Elevated
Very Low
Slightly Elevated
Very Low
Market Performance
(90 Days Performance)
Soft
Mild
Moderate
Weak
Moderate
Moderate
Mild
Moderate
Mild
Mild
Odds of Financial Distress
(Probability Of Bankruptcy)
High
Low
Low
High
Tiny
Tiny
Tiny
Tiny
Tiny
Tiny
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Under Valued
Under Valued
Over Valued
Fairly Valued
Buy or Sell Analysis
(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 Sell
Hold
Cautious Hold
Strong Sell
Strong Sell
Cautious Hold
Hold
Strong Buy
Strong Sell
Cautious Hold
Current Ratio
N/A
63.25
1.19
1.87
3.51
2.34
N/A
5.06
N/A
1.95
Net Asset
208.56 M
335.91 M
192.64 M
63 M
956.82 M
598.35 M
2.87 B
4.12 B
2.46 B
3.02 B
Profit Margin
N/A
N/A
-0.58
N/A
0.45
0.0696
0.13
0.0965
0.16
0.31
EBITDA
-77 M
-79.89 M
-16.74 M
-3.48 M
435.85 M
213.48 M
446.58 M
637 M
425.01 M
713.17 M
Current Valuation
5.25 B
6.32 B
3.29 B
449.4 M
6.16 B
7.74 B
5.34 B
6.76 B
6.77 B
6.4 B
Price To Book
40.96
28.05
47.74
8.37
6.14
9.79
2.63
2.56
8.57
1.93
Operating Margin
N/A
N/A
-0.0654
N/A
0.66
0.4
0.34
0.1
0.38
0.44
Retained Earnings
-176.97 M
-2.2 B
-591.03 M
-136.75 M
554.42 M
-8.79 M
50.42 M
1.68 B
-28.14 M
997.98 M
Current Asset
N/A
107.34 M
15.84 M
N/A
N/A
N/A
N/A
1.01 B
N/A
107.05 M
Five Year Return
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.08
N/A
N/A
Beta
1.76
2.0
1.76
1.38
1.13
1.11
1.24
0.32
2.39
1.34
Number Of Employees
46
12
N/A
419
N/A
354
1.57 K
3.2 K
968
N/A
Shares Outstanding
216.31 M
438.01 M
317.79 M
64.86 M
245.08 M
339.9 M
944.75 M
54.61 M
810.34 M
95.42 M
Cash Flow From Operations
-46.17 M
-14.03 M
-3.07 M
-3.3 M
285.83 M
174.62 M
320.08 M
557 M
527.79 M
472.12 M
Annual Yield
0.12
N/A
N/A
N/A
N/A
0.0036
0.0048
0.014
N/A
0.009
Total Debt
13.53 M
167.06 M
20.29 M
782.85 K
54.43 M
2.18 M
132.01 M
1.88 B
13.74 M
201.93 M
Return On Equity
-1.24
-1.63
-1.21
-0.24
0.44
0.1
0.13
0.17
0.3
0.2
Return On Asset
-0.78
-0.0712
-0.1
-0.0709
0.31
0.15
0.0965
0.0727
0.16
0.13
Number Of Shares Shorted
1.01 M
4.22 M
6.9 M
107.51 K
2.15 M
4.98 M
113.18 K
562.57 K
23.86 M
1.69 M
Book Value Per Share
0.63
0.55
0.25
0.89
4.28
2.32
2.17
37.28
1.06
34.58
Current Liabilities
N/A
3.05 M
10.36 M
N/A
N/A
N/A
N/A
156.8 M
N/A
50.39 M
Total Asset
208.56 M
335.91 M
192.64 M
63 M
956.82 M
598.35 M
2.87 B
4.12 B
2.46 B
3.02 B
Short Ratio
2.62
5.15
3.56
0.59
1.55
5.43
0.55
4.35
7.14
1.62
Target Price
34.55
20.67
15.6
14.5
34.63
32.01
N/A
101.44
13.33
95.64
Debt To Equity
N/A
0.94
20.4
1.04
0.046
5.7
N/A
0.55
N/A
0.18
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
0.03
1.24
N/A
0.11
Shares Owned By Institutions
21.38
78.8
39.19
4.21
55.41
69.59
64.25
67.28
36.7
62.78
Market Capitalization
5.38 B
6.25 B
3.26 B
454.67 M
6.4 B
7.64 B
5.53 B
5.33 B
7.32 B
6.39 B
Price To Earning
N/A
-48.33
-333.33
-29.6
32.83
N/A
N/A
17.12
N/A
35.38
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.26
N/A
0.12
Price To Sales
N/A
3579.31
31.1
12.59
10.75
9.9
2.8
1.53
11.2
4.89
Net Income
-63.6 M
-94.66 M
-48.89 M
-8.25 M
274.92 M
88.98 M
31.16 M
337 M
149.24 M
410.46 M
Earnings Per Share
-0.54
-0.34
-0.37
-0.2
1.51
0.22
0.26
6.11
0.2
6.16
Shares Owned By Insiders
37.5
23.22
21.16
24.55
2.27
10.96
2.98
0.17
30.03
0.56
Revenue
N/A
N/A
100.19 M
N/A
605.67 M
327.41 M
1.22 B
3.49 B
912.73 M
1.33 B
Working Capital
188.94 M
112.55 M
-28.7 M
6.6 M
262.28 M
153.05 M
N/A
1.85 B
242.18 M
64.6 M
Cash And Equivalents
N/A
110.14 M
3.43 M
7.06 M
140.07 M
20.52 M
N/A
6.43 M
350 K
119.5 M
Cash Per Share
N/A
0.38
0.04
0.01
0.36
0.03
N/A
0.09
N/A
2.76
Gross Profit
N/A
N/A
17.73 M
N/A
438.34 M
506.15 M
571.14 M
695 M
425 M
805.2 M
Day Typical Price
25.13
14.62
10.39
7.12
24.76
22.64
5.82
96.82
9.19
68.11
Accumulation Distribution
15598.59
38710.98
126216.0
5597.38
87272.37
100528.0
5750.4
619.66
198486.0
50643.64
Daily Balance Of Power
-0.69
-0.90
-0.83
-0.85
-1.09
-0.54
-0.77
1.414286
-0.80
-0.86
Period Momentum Indicator
-0.80
-1.06
-0.86
-0.40
-1.76
-0.84
-0.17
0.99
-0.49
-4.03
Rate Of Daily Change
0.97
0.93
0.92
0.95
0.93
0.96
0.97
1.01
0.95
0.94
Day Median Price
25.26
14.8
10.53
7.18
24.97
22.73
5.86
96.73
9.28
68.7
Price Action Indicator
-0.79
-1.06
-0.86
-0.37
-1.49
-0.66
-0.19
0.75
-0.49
-3.78
Coefficient Of Variation
6567.11
1976.69
682.04
41676.57
811.26
789.9
1609.79
735.63
1203.63
1708.26
Mean Deviation
2.68
3.93
4.68
2.97
2.2
3.18
2.64
1.16
3.73
3.11
Jensen Alpha
0.1144
0.3563
1.0
0.0857
0.3542
0.6073
0.2621
0.2299
0.3191
0.3209
Total Risk Alpha
0.2283
0.5762
1.2
0.231
0.5449
0.7935
0.3875
0.2903
0.6724
0.4868
Sortino Ratio
0.0244
0.0552
0.1529
0.0111
0.1001
0.1193
0.0648
0.1772
0.0823
0.0533
Downside Variance
12.27
32.0
35.17
16.19
17.24
24.52
14.07
1.94
28.78
29.17
Standard Deviation
3.33
5.48
5.95
4.1
3.09
4.39
3.35
1.56
4.89
4.32
Kurtosis
-0.09
2.45
0.5631
3.21
2.69
1.5
-0.08
1.43
1.0
1.86
Potential Upside
5.08
7.96
8.7
6.02
4.61
6.38
4.86
3.1
7.98
5.94
Treynor Ratio
0.0247
0.1345
0.2754
-0.000084
-1.00
0.3983
0.1396
0.3283
-0.23
0.14
Maximum Drawdown
16.13
31.36
32.5
25.72
16.04
24.24
15.62
7.82
26.75
18.98
Variance
11.08
30.03
35.39
16.81
9.54
19.28
11.25
2.44
23.94
18.69
Market Risk Adjusted Performance
0.0347
0.1445
0.2854
0.0099
-0.99
0.4083
0.1496
0.3383
-0.22
0.15
Risk Adjusted Performance
0.0197
0.0488
0.1252
0.01
0.1054
0.1088
0.057
0.113
0.0744
0.0547
Skewness
-0.30
-0.68
-0.02
0.7068
-1.34
-0.58
-0.47
0.451
-0.47
-0.87
Semi Deviation
3.39
5.54
5.46
3.84
3.61
4.54
3.53
1.16
5.14
4.97
Information Ratio
0.0257
0.0569
0.1525
0.0109
0.1345
0.1345
0.0725
0.1582
0.0902
0.0666
Value At Risk
-5.78
-8.37
-10.30
-6.01
-5.82
-7.97
-5.92
-1.94
-8.74
-8.04
Expected Short fall
-2.73
-4.33
-5.02
-3.07
-2.05
-3.23
-2.62
-1.32
-3.73
-2.81
Downside Deviation
3.5
5.66
5.93
4.02
4.15
4.95
3.75
1.39
5.36
5.4
Semi Variance
11.47
30.74
29.77
14.71
13.02
20.58
12.44
1.35
26.38
24.74

Peer Performance Charts

How to Analyze NGEx Minerals Against Peers

NGEx Minerals' peer analysis compares NGEx Minerals 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 NGEx Minerals 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 NGEx Minerals leads or lags and what catalysts could close or widen the gap.
Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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