NextSource Competitors

OTC Stocks . USA . 
Stock . NextSource Materials
NSRCF Stock  USD 0.42  0.02  5.00%   
NextSource Materials competes with Arizona Metals, Ares Strategic, Oceanic Iron, Rock Tech, and Oroco Resource; as well as few others. The company classifies itself under Metals & Mining sector and is part of Materials industry. Analyzing NextSource Materials 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 NextSource Materials to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out NextSource Materials Correlation with its peers.

NextSource Materials vs Wallbridge Mining Correlation

Very weak diversification

The correlation between NextSource Materials and WLBMF is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NextSource Materials and WLBMF in the same portfolio, assuming nothing else is changed.

Moving against NextSource OTC Stock

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NextSource Materials' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.020.425.63
Details
Intrinsic
Valuation
LowRealHigh
0.020.385.59
Details

NextSource Materials Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NextSource Materials and its competitors represents the degree of relationship between the price movements of corresponding otcs. A correlation of about +1.0 implies that the price of NextSource 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 NextSource Materials does not affect the price movement of the other competitor.

High positive correlations

RCKTF
+ 0.78
AABB
ORRCF
+ 0.77
RCKTF
ORRCF
+ 0.76
AZMCF
WLBMF
+ 0.74
AZMCF
WLBMF
+ 0.74
ORRCF
ORRCF
+ 0.7
AABB
  

High negative correlations

CDBMF
- 0.5
AZMCF
RTTGF
- 0.49
AZMCF
CDBMF
- 0.43
ARSMF
WLBMF
- 0.3
RTTGF
WLBMF
- 0.25
CDBMF
CDBMF
- 0.19
ORRCF

Risk-Adjusted Indicators

There is a big difference between NextSource OTC Stock performing well and NextSource Materials OTC Stock 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 NextSource Materials' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMLI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
AZMCF  2.86  0.34  0.10  0.48  2.47 
(4.76)
 8.51 
(5.13)
 15.52 
AABB  6.32  1.29  0.13  2.14  8.46 
(7.67)
 10.76 
(7.57)
 87.31 
RTTGF  3.47  0.69  0.00 (0.49) 0.00 
 0.00 
 10.67 
 0.00 
 95.83 
ARSMF  4.22  0.72  0.13  0.82  3.85 
(7.22)
 11.11 
(8.33)
 49.83 
FEOVF  2.22  0.14  0.03  0.12  2.61 
(9.93)
 9.62 
(7.41)
 22.88 
RCKTF  3.27  0.71  0.12 (0.72) 2.99 
(6.21)
 7.41 
(4.84)
 33.24 
ORRCF  8.15  1.90  0.20  0.74  7.65 
(12.87)
 19.23 
(9.52)
 86.09 
CDBMF  2.35  0.16  0.02 (17.79) 2.62 
(7.34)
 7.14 
(5.17)
 22.80 
WLBMF  5.19  0.83  0.07  0.86  5.53 
(13.03)
 16.67 
(14.29)
 36.67 

NextSource Materials Competitive Analysis

The better you understand NextSource Materials competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NextSource Materials' 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 NextSource Materials' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NSRCF AZMCF AABB RTTGF ARSMF FEOVF RCKTF ORRCF CDBMF WLBMF
 5.00 
 0.42 
NextSource
 1.75 
 0.56 
Arizona
 8.02 
 0.03 
Asia
 10.17 
 0.03 
RTG
 4.35 
 0.44 
Ares
 3.23 
 0.60 
Oceanic
 1.19 
 0.85 
Rock
 4.92 
 0.58 
Oroco
 4.62 
 0.62 
Cordoba
 5.00 
 0.08 
Wallbridge
Market Volatility
(90 Days Market Risk)
Out of control
Abnormally volatile
Out of control
Out of control
Out of control
Out of control
Abnormally volatile
Out of control
Abnormally volatile
Out of control
Market Performance
(90 Days Performance)
Mild
Fair
Fair
Soft
Fair
Soft
Fair
Good
Soft
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
High
High
Strong
Low
Moderate
Small
Average
Average
Low
Moderate
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over 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)
Cautious Hold
Hold
Strong Sell
Strong Sell
Hold
Strong Sell
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Current Ratio
0.43
55.38
3.52
3.34
5.39
0.04
8.15
5.99
0.34
7.75
Net Asset
29.3 M
57.28 M
1.6 M
N/A
16.13 M
44.22 M
72.02 M
77.6 M
11.07 M
350.09 M
EBITDA
(21.4 M)
(19.62 M)
(3.05 M)
(4.5 M)
(4.87 M)
3.46 M
(21.65 M)
(8.49 M)
(20.71 M)
480.15 K
Current Valuation
216.02 M
302.72 M
4.14 M
20.52 M
21.54 M
8.66 M
129.15 M
124.3 M
36.5 M
116.94 M
Price To Book
55.48
8.32
N/A
3.56
1.99
0.19
3.8
2.67
7.32
0.55
Operating Margin
N/A
N/A
-60.92
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Retained Earnings
N/A
N/A
(11.03 M)
N/A
N/A
(22.1 M)
N/A
N/A
(17.34 M)
N/A
Current Asset
N/A
N/A
N/A
N/A
N/A
1.9 M
N/A
N/A
1.37 M
N/A
Beta
2.17
2.46
3.8
0.72
0.54
0.84
1.6
1.94
1.05
1.37
Number Of Employees
13
3
42
5
15
12
12
9
25
74
Shares Outstanding
101.87 M
115.06 M
411.65 M
836.56 M
137.84 M
98.99 M
84.83 M
207.03 M
89.15 M
882.41 M
Cash Flow From Operations
(1.63 M)
(18.93 M)
122.29 K
(3.21 M)
(1.81 M)
(817.12 K)
(14.57 M)
(2.1 M)
(20.47 M)
(2.55 M)
Total Debt
349.82 K
N/A
2.16 M
500 K
60 K
1.94 M
182 K
N/A
301 K
33.08 K
Return On Equity
N/A
-0.61
-13.62
-1.37
-0.38
0.0329
-1.52
-0.11
-9.6
-0.0239
Z Score
N/A
N/A
-8.7
48.0
N/A
1.8
N/A
N/A
67.3
N/A
Return On Asset
-0.0716
-0.33
-1.68
-0.45
-0.18
-0.0079
-0.8
-0.0696
-1.17
-0.01
Book Value Per Share
-0.085
0.5
0.001
0.009
0.12
0.4
0.67
0.34
-0.11
0.38
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Current Liabilities
N/A
N/A
16 K
N/A
N/A
860 K
N/A
N/A
1.07 M
N/A
Total Asset
29.3 M
57.28 M
1.6 M
N/A
16.13 M
44.22 M
72.02 M
77.6 M
11.07 M
350.09 M
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Target Price
N/A
8.5
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Debt To Equity
N/A
N/A
N/A
0.08
0.003
0.08
0.004
1.0
0.068
N/A
Shares Owned By Institutions
2.72
19.95
N/A
0.36
N/A
N/A
0.8
N/A
0.19
6.22
Market Capitalization
199.67 M
417.67 M
12.56 M
40.43 M
15.08 M
6.93 M
184.55 M
124.22 M
36.4 M
105.58 M
Price To Earning
N/A
N/A
-0.03
N/A
-0.7
5.44
-26.38
34.75
-17.6
-13.0
Price To Sales
N/A
N/A
326.04
1194.07
N/A
N/A
N/A
N/A
N/A
N/A
Net Income
16.12 M
(19.62 M)
(12.01 K)
(6.81 M)
(4.96 M)
3.1 M
(22.16 M)
(7.55 M)
(20.47 M)
(7.89 M)
Earnings Per Share
0.13
-0.19
-0.093
-0.01
-0.031
0.01
-0.34
-0.028
-0.19
-0.006
Shares Owned By Insiders
49.3
7.33
N/A
21.26
13.11
54.36
7.48
9.29
83.24
20.0
Revenue
N/A
N/A
882.51 K
37.71 K
N/A
N/A
N/A
N/A
N/A
N/A
Working Capital
N/A
N/A
(16 K)
N/A
N/A
1.04 M
N/A
N/A
291 K
N/A
Cash And Equivalents
9.79 M
59.88 M
1.12 M
4.88 M
1.38 M
51.44 K
22.34 M
23.03 M
2.74 M
39.2 M
Cash Per Share
0.1
0.54
0.03
0.01
0.01
N/A
0.26
0.11
0.03
0.04
Gross Profit
N/A
N/A
50.5 K
130 K
(20.02 K)
(31.93 K)
(19.18 K)
(13.73 K)
N/A
N/A
Day Typical Price
0.42
0.58
0.0256
0.0265
0.44
0.6
0.85
0.59
0.64
0.0876
Accumulation Distribution
N/A
21110.08
4.3 M
N/A
19052.98
N/A
N/A
164230.0
0.0882
10352.21
Market Facilitation Index
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.06
N/A
Daily Balance Of Power
9.2 T
(0.20)
0.2836
0
(0.40)
0
9.2 T
(0.21)
(0.50)
0.3604
Period Momentum Indicator
0.02
(0.01)
0.0019
(0)
(0.02)
(0.02)
0.01
(0.03)
(0.03)
0.004
Rate Of Daily Change
1.05
0.98
1.08
0.9
0.96
0.97
1.01
0.95
0.95
1.05
Day Median Price
0.42
0.59
0.0257
0.0265
0.44
0.6
0.85
0.59
0.65
0.0895
Price Action Indicator
0.01
(0.03)
9.0E-4
(0)
(0.01)
(0.01)
0.005
(0.03)
(0.04)
(0)
Relative Strength Index
62.34
56.75
56.64
59.83
56.17
61.05
67.92
66.79
56.86
58.51
Coefficient Of Variation
1216.14
979.8
851.33
1808.11
868.94
1672.91
784.1
589.45
2543.01
939.26
Mean Deviation
3.96
2.86
6.32
3.47
4.22
2.22
3.27
8.15
2.35
5.19
Jensen Alpha
0.3785
0.3434
1.29
0.688
0.7238
0.1433
0.7126
1.9
0.1552
0.8279
Total Risk Alpha
0.0502
0.1114
0.5199
(0.19)
0.292
(0.06)
0.291
1.19
(0.14)
0.2894
Sortino Ratio
0.0777
0.099
0.1256
N/A
0.1291
0.0302
0.122
0.1975
0.0199
0.0707
Downside Variance
22.32
11.35
102.07
N/A
31.19
46.89
25.28
101.95
26.95
137.54
Standard Deviation
5.21
3.87
11.32
11.45
6.8
4.48
5.29
12.12
4.19
8.36
Kurtosis
1.66
0.6974
8.03
21.94
12.04
5.52
7.6
6.02
5.39
0.7766
Potential Upside
7.89
8.51
10.76
10.67
11.11
9.62
7.41
19.23
7.14
16.67
Treynor Ratio
0.5384
0.4769
2.14
(0.49)
0.8152
0.1154
(0.72)
0.7389
(17.79)
0.8595
Maximum Drawdown
25.09
15.52
87.31
95.83
49.83
22.88
33.24
86.09
22.8
36.67
Variance
27.14
14.96
128.23
131.09
46.23
20.1
28.01
146.86
17.56
69.95
Market Risk Adjusted Performance
0.5484
0.4869
2.15
(0.48)
0.8252
0.1254
(0.71)
0.7489
(17.78)
0.8695
Risk Adjusted Performance
0.0683
0.0822
0.0946
0.0495
0.0925
0.0518
0.1012
0.1326
0.0368
0.0864
Skewness
1.01
0.9102
0.9417
(0.85)
2.48
1.45
1.89
1.35
1.41
0.3938
Semi Deviation
3.57
2.47
8.46
N/A
3.85
2.61
2.99
7.65
2.62
5.53
Information Ratio
0.0705
0.0862
0.112
0.05
0.1061
0.0461
0.116
0.1646
0.0247
0.0991
Value At Risk
(6.45)
(5.13)
(7.57)
N/A
(8.33)
(7.41)
(4.84)
(9.52)
(5.17)
(14.29)
Expected Short fall
(6.18)
(4.76)
(7.67)
N/A
(7.22)
(9.93)
(6.21)
(12.87)
(7.34)
(13.03)
Downside Deviation
4.72
3.37
10.1
N/A
5.58
6.85
5.03
10.1
5.19
11.73
Semi Variance
12.72
6.12
71.65
N/A
14.79
6.81
8.94
58.51
6.84
30.61

NextSource Materials Competition Performance Charts

Five steps to successful analysis of NextSource Materials Competition

NextSource Materials' 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 NextSource Materials in relation to its competition. NextSource Materials' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of NextSource Materials 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 NextSource Materials' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NextSource Materials, 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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Other Information on Investing in NextSource OTC Stock

NextSource Materials financial ratios help investors to determine whether NextSource OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NextSource with respect to the benefits of owning NextSource Materials security.
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