EVNI Competitors

Stocks Canada . 
Stock . EV Nickel
EVNI Stock   0.22  0.01  4.35%   
EV Nickel competes with LithiumBank Resources, Cantex Mine, Grid Metals, Intrepid Metals, and Starr Peak; as well as few others. The company operates under Metals & Mining sector and is part of Materials industry. Analyzing EV Nickel 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 EV Nickel to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out EV Nickel Correlation with its peers.

EV Nickel vs Eminent Gold Correlation

Average diversification

The correlation between EV Nickel and EMNT is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EV Nickel and EMNT in the same portfolio, assuming nothing else is changed.
Return On Tangible Assets is likely to drop to -1.11 in 2026. Return On Capital Employed is likely to climb to -2 in 2026. At this time, EV Nickel's Total Assets are fairly stable compared to the past year. Total Current Assets is likely to climb to about 7.8 M in 2026, whereas Non Current Assets Total are likely to drop slightly above 39.3 K in 2026.
Hype
Prediction
LowEstimatedHigh
0.010.225.86
Details
Intrinsic
Valuation
LowRealHigh
0.010.195.83
Details

EV Nickel Competition Correlation Matrix

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

High positive correlations

EMNT
+ 0.87
STE
EMNT
+ 0.71
INTR
STE
+ 0.68
INTR
GRDM
+ 0.46
LBNK
INTR
+ 0.43
LBNK
NBY
+ 0.43
WML
  

High negative correlations

CD
- 0.32
LBNK
NBY
- 0.21
LBNK
NBY
- 0.19
GRDM
NBY
- 0.18
INTR
WML
- 0.17
CD
GRDM
- 0.17
CD

Risk-Adjusted Indicators

There is a big difference between EVNI Stock performing well and EV Nickel 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 EV Nickel'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.

EV Nickel Competitive Analysis

The better you understand EV Nickel competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, EV Nickel'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 EV Nickel'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
EVNI LBNK CD GRDM INTR WML STE NBY ELBM EMNT
 4.35 
 0.22 
EVNI
 5.26 
 0.54 
LithiumBank
 5.56 
 0.19 
Cantex
 6.67 
 0.14 
Grid
 7.94 
 0.58 
Intrepid
 14.29 
 0.06 
Wealth
 5.26 
 0.54 
Starr
 7.14 
 0.13 
Niobay
 0.79 
 1.25 
Electra
 11.48 
 0.68 
Eminent
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Extremely Dangerous
Out of control
Market Performance
(90 Days Performance)
Soft
Good
Soft
Weak
Solid
Weakest
Good
Weakest
Weakest
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Small
Small
Average
Risky
Low
Risky
Small
Risky
Risky
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(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
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Hold
Current Ratio
N/A
N/A
2.6
5.03
N/A
0.26
0.09
7.15
N/A
5.47
Net Asset
6.53 M
8.19 M
954.09 K
1.53 M
4.65 M
6.2 M
17.61 M
3.55 M
151.45 M
4.95 M
EBITDA
N/A
(3.47 M)
(4 M)
(5.48 M)
(1.73 M)
26.48 M
(286.07 K)
(3.99 M)
(13.12 M)
1.69 M
Current Valuation
28.01 M
27.43 M
27.69 M
31.08 M
54.45 M
21.25 M
32.63 M
21.07 M
188.71 M
52.27 M
Price To Book
7.07
4.33
16.06
1253.59
12.59
7.88
2.29
6.15
2.46
5.32
Retained Earnings
(13.36 M)
(29.6 M)
(96.87 M)
(74.97 M)
(24.58 M)
(200.79 M)
(43.85 M)
(92.4 M)
(274.89 M)
(10.47 M)
Beta
N/A
N/A
0.34
1.61
1.06
1.37
0.8
0.28
1.9
1.32
Number Of Employees
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
23
N/A
Shares Outstanding
144.06 M
63.13 M
158.83 M
233.04 M
88.92 M
362.36 M
57.7 M
187.06 M
93.65 M
78.02 M
Cash Flow From Operations
(2.92 M)
(4.22 M)
(3.67 M)
(7.89 M)
(5.12 M)
(5.23 M)
(837.74 K)
(2.22 M)
(17.01 M)
(1.04 M)
Total Debt
1.79 M
785.95 K
1.14 M
1.36 M
50 K
443.89 K
3.07 M
382.57 K
63.96 M
579.97 K
Return On Equity
N/A
N/A
-3.19
-2.01
-1.61
-1.81
-0.0747
-0.95
-0.49
-0.26
Number Of Shares Shorted
394
39.85 K
61.62 K
68.97 K
15.77 K
5.94 K
20 K
36.38 K
544.78 K
75.67 K
Book Value Per Share
0.068
N/A
0.011
N/A
0.073
0.008
0.25
0.029
2.67
0.13
Return On Asset
N/A
N/A
-0.96
-0.84
-0.85
-1.07
-0.0299
-0.76
-0.0618
-0.11
Total Asset
6.53 M
8.19 M
954.09 K
1.53 M
4.65 M
6.2 M
17.61 M
3.55 M
151.45 M
4.95 M
Short Ratio
N/A
0.29
0.15
0.27
0.05
0.02
0.03
0.1
1.75
0.53
Target Price
N/A
3.5
N/A
0.25
N/A
N/A
N/A
2.63
2.05
N/A
Debt To Equity
N/A
N/A
38.4
N/A
N/A
6.4
14.7
N/A
N/A
N/A
Shares Owned By Institutions
0.28
0.24
6.8
21.69
2.69
0.82
N/A
N/A
29.49
N/A
Market Capitalization
32.41 M
22.1 M
27.79 M
32.63 M
51.57 M
21.74 M
31.16 M
23.38 M
118 M
53.06 M
Price To Earning
N/A
N/A
-1.0
N/A
N/A
-13.15
29.09
N/A
N/A
N/A
Price To Sales
N/A
N/A
N/A
N/A
473.25
N/A
N/A
N/A
N/A
N/A
Net Income
(2.79 M)
(8.11 M)
(3.22 M)
(6.04 M)
(5.88 M)
(52.22 M)
(967.57 K)
(2.4 M)
(29.45 M)
(848.07 K)
Earnings Per Share
-0.02
-0.26
-0.01
-0.01
-0.13
-0.13
-0.02
-0.03
-1.77
-0.03
Shares Owned By Insiders
13.02
12.47
24.81
2.73
14.69
8.92
0.45
10.96
0.7
28.05
Working Capital
4.69 M
2.99 M
(151.55 K)
131.91 K
1.4 M
3.26 M
(2.36 M)
2.67 M
(66.26 M)
634.29 K
Cash And Equivalents
N/A
N/A
14.91 M
1.15 M
N/A
130.92 K
5.32 K
1.99 M
N/A
878.58 K
Cash Per Share
N/A
N/A
0.33
0.03
N/A
N/A
N/A
0.04
N/A
0.02
Gross Profit
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(123.66 K)
Day Typical Price
0.22
0.55
0.19
0.14
0.59
0.0633
0.55
0.13
1.25
0.68
Accumulation Distribution
2002.27
8401.37
7595.32
N/A
54614.97
0.14
4844.74
N/A
1245.92
2080.03
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
0.01
N/A
N/A
0.0
N/A
Daily Balance Of Power
(1.00)
(1.00)
1.0
0
(1.25)
(1.00)
(1.00)
0
(0.25)
7.0
Period Momentum Indicator
(0.01)
(0.03)
0.01
(0.01)
(0.05)
(0.01)
(0.03)
(0.01)
(0.01)
0.07
Rate Of Daily Change
0.96
0.95
1.06
0.93
0.92
0.86
0.95
0.93
0.99
1.11
Day Median Price
0.22
0.55
0.19
0.14
0.6
0.065
0.55
0.13
1.25
0.69
Price Action Indicator
N/A
(0.03)
0.01
(0.01)
(0.04)
(0.01)
(0.03)
(0.01)
(0.01)
0.03
Coefficient Of Variation
5888.38
905.72
1854.08
1183.98
568.57
4499.18
624.65
(1,707)
8339.22
583.1
Mean Deviation
3.62
5.2
4.72
3.97
3.21
5.33
3.23
4.16
4.23
5.18
Jensen Alpha
0.008
0.8835
0.5468
0.8206
0.868
0.1179
0.6486
(0.42)
(0.07)
1.14
Total Risk Alpha
(0.51)
0.0441
(0.48)
(0.14)
0.3334
(0.82)
0.2426
(1.04)
(0.49)
0.5173
Sortino Ratio
6.0E-4
0.1635
0.0338
0.0612
0.1641
0.0097
0.1233
N/A
(0.01)
0.2083
Downside Variance
85.53
20.37
154.89
65.65
20.25
181.67
25.18
N/A
20.26
34.97
Standard Deviation
5.76
7.52
9.52
6.97
4.73
10.06
4.44
6.36
5.27
7.72
Kurtosis
1.58
3.36
19.49
4.76
6.01
8.61
1.79
1.27
0.1998
4.68
Potential Upside
9.52
19.23
6.25
16.67
9.38
14.29
7.69
7.69
10.92
13.79
Treynor Ratio
0.0909
(1.08)
(0.96)
(0.20)
(1.46)
0.1844
1.1
(0.88)
0.0359
0.6257
Maximum Drawdown
34.52
37.0
65.66
41.07
35.15
72.22
21.54
31.93
24.66
39.7
Variance
33.14
56.57
90.69
48.57
22.34
101.22
19.73
40.48
27.79
59.65
Market Risk Adjusted Performance
0.1009
(1.07)
(0.95)
(0.19)
(1.45)
0.1944
1.11
(0.87)
0.0459
0.6357
Risk Adjusted Performance
0.0222
0.0973
0.0523
0.0765
0.1491
0.027
0.1364
(0.04)
0.0181
0.1463
Skewness
(0.16)
1.79
1.75
1.74
1.16
1.85
0.6928
0.1047
0.6445
1.81
Semi Deviation
4.85
3.86
6.75
3.7
3.09
6.28
2.98
N/A
4.31
3.97
Information Ratio
9.0E-4
0.0981
0.0442
0.0712
0.1563
0.013
0.1392
(0.07)
(0.01)
0.1595
Value At Risk
(9.09)
(7.94)
(6.25)
(7.14)
(4.69)
(12.50)
(6.25)
(12.50)
(6.34)
(9.09)
Expected Short fall
(6.73)
(9.01)
(9.17)
(13.70)
(4.91)
(17.80)
(5.34)
N/A
(5.24)
(8.76)
Downside Deviation
9.25
4.51
12.45
8.1
4.5
13.48
5.02
N/A
4.5
5.91
Semi Variance
23.56
14.89
45.61
13.72
9.53
39.41
8.86
N/A
18.59
15.76

EV Nickel Competition Performance Charts

Five steps to successful analysis of EV Nickel Competition

EV Nickel'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 EV Nickel in relation to its competition. EV Nickel's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of EV Nickel 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 EV Nickel's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to EV Nickel, 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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Additional Tools for EVNI Stock Analysis

When running EV Nickel's price analysis, check to measure EV Nickel's 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 EV Nickel is operating at the current time. Most of EV Nickel's value examination focuses on studying past and present price action to predict the probability of EV Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EV Nickel's price. Additionally, you may evaluate how the addition of EV Nickel to your portfolios can decrease your overall portfolio volatility.
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