Velan Competitors

VLN Stock

CAD 15.99 0.01 0.06%

Velan Inc competes with Gatekeeper Systems, Firan Technology, Electrovaya, Reko International, and PyroGenesis Canada; as well as few others. The company operates under Machinery sector and is part of Industrials industry. Analyzing Velan 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 Velan to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Velan Correlation with its peers.

Velan vs Wajax Correlation

Very good diversification

The correlation between Velan Inc and WJX is -0.48 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Velan Inc and WJX in the same portfolio, assuming nothing else is changed.

Moving together with Velan Stock

0.8

VRY

Petro Victory Energy

Pair Corr

Moving against Velan Stock

0.83	PGDC	Patagonia Gold Corp	Pair Corr
0.76	MU	Micron Technology	Pair Corr
0.71	FFU	F4 Uranium Corp	Pair Corr
0.69	RTG	RTG Mining	Pair Corr
0.67	BTO	B2Gold Corp	Pair Corr

As of the 25th of February 2026, Return On Equity is likely to grow to 0.05, while Return On Tangible Assets are likely to drop 0.02. At this time, Velan's Non Current Assets Total are very stable compared to the past year. As of the 25th of February 2026, Non Currrent Assets Other is likely to grow to about 861.1 K, while Total Assets are likely to drop about 458.2 M.

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
12.79	15.96	19.13

Details

Intrinsic

Valuation

Low	Real	High
13.18	16.34	19.52

Details

Naive

Forecast

Low	Next	High
12.81	15.98	19.15

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
-1.92	15.68	16.56

Details

Velan Competition Correlation Matrix

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

	GSI	DYA	FTG	ELVA	REKO	PYR	DRX	ANRG	WJX
GSI		-0.04	-0.88	-0.79	-0.65	-0.46	-0.77	0.06	-0.77	GSI
DYA	-0.04		0.21	-0.15	0.03	-0.05	-0.03	-0.12	0.16	DYA
FTG	-0.88	0.21		0.62	0.54	0.44	0.76	-0.22	0.9	FTG
ELVA	-0.79	-0.15	0.62		0.79	0.26	0.57	0.35	0.47	ELVA
REKO	-0.65	0.03	0.54	0.79		0.0	0.29	0.31	0.34	REKO
PYR	-0.46	-0.05	0.44	0.26	0.0		0.65	0.0	0.62	PYR
DRX	-0.77	-0.03	0.76	0.57	0.29	0.65		-0.27	0.82	DRX
ANRG	0.06	-0.12	-0.22	0.35	0.31	0.0	-0.27		-0.27	ANRG
WJX	-0.77	0.16	0.9	0.47	0.34	0.62	0.82	-0.27		WJX
	GSI	DYA	FTG	ELVA	REKO	PYR	DRX	ANRG	WJX

High positive correlations

WJX	+ 0.9	FTG
WJX	+ 0.82	DRX
REKO	+ 0.79	ELVA
DRX	+ 0.76	FTG
DRX	+ 0.65	PYR
ELVA	+ 0.62	FTG

High negative correlations

FTG	- 0.88	GSI
ELVA	- 0.79	GSI
WJX	- 0.77	GSI
DRX	- 0.77	GSI
REKO	- 0.65	GSI
PYR	- 0.46	GSI

Risk-Adjusted Indicators

There is a big difference between Velan Stock performing well and Velan 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 Velan'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
GSI	2.09	(0.55)	0.00	(0.84)	0.00	0.00	4.88	(4.23)	12.12
DYA	3.02	0.21	0.01	(0.46)	3.34	(7.31)	6.25	(5.56)	24.01
FTG	2.37	0.96	0.36	1.43	1.86	(2.86)	6.71	(3.10)	16.85
ELVA	3.80	0.72	0.15	0.35	4.85	(3.92)	8.77	(5.72)	46.13
REKO	0.96	0.09	(0.01)	(0.11)	1.78	(6.41)	2.67	(3.75)	17.61
PYR	5.38	1.69	0.23	(0.77)	4.04	(8.92)	19.44	(7.41)	50.00
DRX	2.29	0.51	0.29	0.46	1.44	(3.03)	9.41	(3.31)	15.22
ANRG	3.27	(0.14)	0.00	(0.01)	0.00	0.00	7.02	(6.30)	20.54
WJX	0.90	0.22	0.17	0.79	0.63	(1.06)	2.43	(1.50)	4.68

Velan Competitive Analysis

The better you understand Velan competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Velan'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 Velan'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

	VLN	GSI	DYA	FTG	ELVA	REKO	PYR	DRX	ANRG	WJX
	0.06 15.99 Velan	1.95 1.51 Gatekeeper	9.09 0.10 DynaCERT	0.40 19.88 Firan	8.77 10.91 Electrovaya	0.00 3.85 Reko	4.65 0.45 PyroGenesis	3.31 10.62 ADF	6.09 2.09 Anaergia	1.65 31.41 Wajax
Market Volatility (90 Days Market Risk)	Not too volatile	Very risky	Out of control	Not too volatile	Slightly risky	Moderately volatile	Out of control	Somewhat reliable	Very risky	Very steady
Market Performance (90 Days Performance)	Weakest	Weakest	Soft	Solid	Good	Fair	Solid	Good	Weakest	Solid
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Risky	Tiny	Tiny	Low	Low	Tiny	Risky	Tiny
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Over Valued	Under Valued	Fairly Valued	Over Valued	Over Valued	Under Valued	Over Valued	Under 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	Cautious Hold	Strong Sell	Strong Buy	Strong Hold	Strong Sell	Strong Sell	Strong Buy	Strong Sell	Strong Buy
Current Ratio	2.05	8.1	4.45	2.49	N/A	2.33	1.35	1.56	N/A	2.37
Net Asset	501.97 M	38.52 M	3.43 M	172.81 M	63.93 M	56.92 M	29.2 M	307.9 M	233.33 M	1.55 B
Profit Margin	8.0E-4	-0.0659	N/A	0.0685	0.0527	0.0248	-0.69	0.11	-0.16	0.0216
EBITDA	(72.8 M)	(580.3 K)	(9.09 M)	29.48 M	5.44 M	4.71 M	(5.99 M)	85.68 M	(38.37 M)	156.13 M
Operating Margin	0.0159	0.0022	-10.19	0.11	0.12	-0.0111	-0.61	0.23	0.0117	0.0611
Current Valuation	294.17 M	152.63 M	67.8 M	537.06 M	371.38 M	7.75 M	51.42 M	303.56 M	375.2 M	1.01 B
Price To Book	1.36	4.49	229.69	5.45	11.05	0.43	25.32	1.62	1.33	1.01
Retained Earnings	65.95 M	(5.02 M)	(111.37 M)	54.93 M	(125.88 M)	25.35 M	(128.56 M)	85.84 M	(522.78 M)	289.99 M
Five Year Return	2.17	N/A	N/A	N/A	N/A	N/A	N/A	0.98	N/A	6.09
Current Asset	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	522.15 M
Beta	0.13	1.65	-0.78	1.08	0.78	0.013	1.38	-0.8	2.62	0.91
Number Of Employees	1.28 K	N/A	29	737	N/A	N/A	107	703	282	2.9 K
Shares Outstanding	6.02 M	110.29 M	508.29 M	25.17 M	49.38 M	5.5 M	197.2 M	16.48 M	171.31 M	21.75 M
Cash Flow From Operations	26.52 M	(2.17 M)	(5.45 M)	17.48 M	(566.32 K)	10.4 M	(2.1 M)	55.06 M	(30.23 M)	69.95 M
Annual Yield	0.0224	N/A	N/A	N/A	N/A	N/A	N/A	0.0038	N/A	0.0453
Total Debt	24.88 M	12.42 M	1.5 M	52.96 M	22.56 M	4.69 M	9.01 M	45.63 M	71.71 M	548.2 M
Return On Equity	-0.27	-0.12	-20.68	0.16	0.17	0.025	-34.01	0.17	-0.57	0.0885
Return On Asset	0.0245	-0.0122	-1.14	0.0886	0.067	0.0093	-0.2	0.0904	-0.0421	0.0435
Number Of Shares Shorted	299	611.43 K	67.89 K	54.98 K	178.52 K	70	84.24 K	41.72 K	18.29 K	273.06 K
Book Value Per Share	8.02	0.19	0.003	3.83	1.01	7.68	-0.048	6.35	-0.37	24.49
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	219.44 M
Total Asset	501.97 M	38.52 M	3.43 M	172.81 M	63.93 M	56.92 M	29.2 M	307.9 M	233.33 M	1.55 B
Debt To Equity	23.3	0.077	0.18	0.27	N/A	22.9	0.28	37.8	N/A	1.27
Short Ratio	0.04	1.94	0.65	0.87	1.27	0.08	0.03	0.68	0.08	7.44
Target Price	14.0	3.0	0.75	21.67	12.56	N/A	N/A	13.0	5.08	28.5
Last Dividend Paid	0.12	N/A	N/A	N/A	N/A	N/A	N/A	0.04	N/A	1.4
Shares Owned By Institutions	13.64	0.2	3.22	5.2	19.27	N/A	N/A	3.21	1.34	17.36
Market Capitalization	377.75 M	226.09 M	53.37 M	502.46 M	495.32 M	22.04 M	41.41 M	303.23 M	337.48 M	671.94 M
Price To Earning	N/A	16.49	N/A	13.31	N/A	13.75	4.15	17.73	N/A	9.58
Price To Earnings To Growth	N/A	N/A	N/A	N/A	1.12	N/A	N/A	N/A	N/A	2.6
Price To Sales	1.17	5.48	69.77	2.63	7.76	0.52	6.45	1.18	2.37	0.31
Net Income	(67.45 M)	(3.07 M)	(10.16 M)	13.08 M	3.36 M	1.04 M	(6.67 M)	56.79 M	(55.86 M)	42.79 M
Earnings Per Share	-3.1	-0.02	-0.02	0.56	0.15	0.19	-0.16	1.01	-0.28	2.09
Shares Owned By Insiders	27.1	4.33	8.16	31.0	32.62	64.35	42.39	10.38	83.35	1.11
Revenue	295.2 M	31.79 M	1.6 M	189.04 M	63.98 M	42.15 M	15.65 M	339.63 M	111.65 M	2.1 B
Working Capital	44.61 M	23.61 M	(4.3 M)	49.85 M	887 K	22.66 M	(7.01 M)	109.19 M	(19.43 M)	532.43 M
Cash And Equivalents	34.87 M	4.41 M	86.3 K	13.71 M	6.36 M	1.76 M	N/A	59.98 M	30.22 M	4.58 M
Cash Per Share	3.56	0.05	0.01	0.57	N/A	0.27	0.01	0.11	N/A	0.23
Gross Profit	84.44 M	13.74 M	(1.09 M)	69.66 M	19.72 M	11.07 M	4.99 M	66.84 M	39.67 M	407.36 M
Day Typical Price	16.01	1.52	0.1	19.85	10.71	3.85	0.43	10.54	2.05	31.21
Accumulation Distribution	12.71	1296.08	9455.09	3288.57	9420.75	N/A	69812.33	1956.69	8479.34	1230.45
Daily Balance Of Power	(0.17)	(0.75)	(1.00)	(0.25)	1.157895	0.0	0.4	1.030303	0.8	0.85
Period Momentum Indicator	(0.01)	(0.03)	(0.01)	(0.08)	0.88	N/A	0.02	0.34	0.12	0.51
Rate Of Daily Change	1.0	0.98	0.91	1.0	1.09	1.0	1.05	1.03	1.06	1.02
Day Median Price	16.02	1.53	0.11	19.83	10.61	3.85	0.43	10.5	2.04	31.11
Price Action Indicator	(0.04)	(0.04)	(0.01)	0.01	0.74	N/A	0.035	0.29	0.11	0.56
Relative Strength Index	41.36	41.33	46.56	62.04	49.36	42.32	45.66	65.97	38.92	59.42
Coefficient Of Variation	(2,377)	(576.55)	2543.78	301.6	600.54	4544.96	529.25	497.32	(48,670)	440.63
Mean Deviation	1.57	2.09	3.02	2.37	3.8	0.9626	5.38	2.29	3.27	0.902
Jensen Alpha	(0.16)	(0.55)	0.2146	0.9584	0.7182	0.0917	1.69	0.5129	(0.14)	0.2194
Total Risk Alpha	(0.50)	(0.83)	(0.39)	0.654	0.2718	(0.28)	0.5577	0.257	(0.51)	0.1132
Sortino Ratio	N/A	N/A	0.0137	0.3553	0.1504	(0.01)	0.2291	0.2866	N/A	0.1709
Downside Variance	N/A	N/A	41.42	6.89	34.07	38.78	38.58	3.68	N/A	0.8425
Standard Deviation	3.05	2.81	4.82	3.12	5.88	2.75	8.07	3.24	4.13	1.14
Kurtosis	32.15	0.3885	2.76	0.7001	7.7	11.98	7.54	3.22	0.1921	0.386
Potential Upside	2.66	4.88	6.25	6.71	8.77	2.67	19.44	9.41	7.02	2.43
Treynor Ratio	(0.65)	(0.84)	(0.46)	1.43	0.352	(0.11)	(0.77)	0.456	(0.01)	0.7903
Maximum Drawdown	23.54	12.12	24.01	16.85	46.13	17.61	50.0	15.22	20.54	4.68
Variance	9.3	7.92	23.2	9.72	34.55	7.55	65.09	10.48	17.04	1.29
Market Risk Adjusted Performance	(0.64)	(0.83)	(0.45)	1.44	0.362	(0.10)	(0.76)	0.466	(0)	0.8003
Risk Adjusted Performance	(0.02)	(0.13)	0.0386	0.2621	0.1365	0.0241	0.1541	0.162	0.0066	0.1775
Skewness	(4.78)	0.3324	0.8521	0.3201	0.935	1.04	2.15	1.66	0.5281	0.4477
Semi Deviation	N/A	N/A	3.34	1.86	4.85	1.78	4.04	1.44	N/A	0.628
Information Ratio	(0.08)	(0.21)	0.0183	0.2992	0.1493	(0.01)	0.1764	0.1699	(0.03)	0.138
Value At Risk	(2.85)	(4.23)	(5.56)	(3.10)	(5.72)	(3.75)	(7.41)	(3.31)	(6.30)	(1.50)
Expected Short fall	N/A	N/A	(7.31)	(2.86)	(3.92)	(6.41)	(8.92)	(3.03)	N/A	(1.06)
Downside Deviation	N/A	N/A	6.44	2.62	5.84	6.23	6.21	1.92	N/A	0.9179
Semi Variance	N/A	N/A	11.18	3.46	23.53	3.17	16.32	2.08	N/A	0.3944

Velan Competition Performance Charts

Five steps to successful analysis of Velan Competition

Velan'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 Velan Inc in relation to its competition. Velan's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Velan 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 Velan's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Velan Inc, 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.

Complement your Velan position

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Investing

Companies involved in money management and investment banking services. The Investing theme has 39 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Investing Theme or any other thematic opportunities.

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Other Information on Investing in Velan Stock

Velan financial ratios help investors to determine whether Velan 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 Velan with respect to the benefits of owning Velan security.

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Velan Competitors

Velan vs Wajax Correlation

Very good diversification

Moving together with Velan Stock

Moving against Velan Stock

Specify up to 10 symbols:

Velan Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Velan Competitive Analysis

Velan Competition Performance Charts

Five steps to successful analysis of Velan Competition

Complement your Velan position

Did You Try This Idea?

Run Investing Thematic Idea Now

Investing

Other Information on Investing in Velan Stock

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