African Competitors

Delisted . USA . 
Stock . African Rainbow Minerals
AFBOFDelisted Stock  USD 12.20  0.00  0.00%   
African Rainbow Minerals competes with Ivanhoe Mines, Glencore PLC, Rio Tinto, Silver Dollar, and BHP Group; as well as few others. The company classifies itself under Basic Materials sector and is part of Other Industrial Metals & Mining industry. Analyzing African Rainbow 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 African Rainbow to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of African Rainbow competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
12.2012.2012.20
Details
Intrinsic
Valuation
LowRealHigh
9.369.3613.42
Details
Naive
Forecast
LowNextHigh
12.7912.7912.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.249.9812.72
Details

African Rainbow Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between African Rainbow and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of African 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 African Rainbow Minerals does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
SMMYY
+ 0.95
GLCNF
ILKAY
+ 0.88
SMMYY
RTNTF
+ 0.85
GLCNF
BHPLF
+ 0.81
GLCNF
ILKAY
+ 0.81
GLCNF
SMMYY
+ 0.81
RTNTF
  
High negative correlations   
SLVDF
- 0.3
AABB
ERMAY
- 0.29
SLVDF
AABB
- 0.04
IVPAF
SLVDF
- 0.02
RTNTF

Risk-Adjusted Indicators

There is a big difference between African Pink Sheet performing well and African Rainbow 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 African Rainbow'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
IVPAF  2.29  0.22  0.06  0.52  2.50 
(2.50)
 5.54 
(4.44)
 15.69 
GLCNF  1.44  0.01 (0.04) 0.18  1.97 
(1.63)
 3.78 
(3.67)
 10.53 
AABB  4.07 (0.89) 0.00  1.77  0.00 
 0.00 
 11.11 
(10.28)
 29.08 
RTNTF  1.60  0.18  0.01 (0.40) 2.13 
(2.34)
 5.18 
(4.60)
 14.83 
SLVDF  4.65  0.15  0.01  1.79  4.62 
(6.85)
 10.34 
(7.69)
 27.27 
BHPLF  3.90  0.30  0.04  2.81  4.43 
(4.46)
 8.41 
(7.69)
 23.92 
DBLVF  3.29  0.16 (0.01)(0.06) 3.85 
(6.11)
 11.11 
(7.14)
 25.81 
SMMYY  1.65 (0.04)(0.05)(0.02) 2.37 
(1.66)
 3.42 
(3.01)
 13.50 
ILKAY  1.29 (0.22) 0.00  11.94  0.00 
 0.00 
 3.75 
(7.32)
 26.51 
ERMAY  2.22 (0.15) 0.00  0.38  0.00 
 0.00 
 5.70 
(5.41)
 23.79 
All Fundamental Data

African Rainbow Competitive Analysis

The better you understand African Rainbow competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, African Rainbow'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 African Rainbow'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
AFBOF IVPAF GLCNF AABB RTNTF SLVDF BHPLF DBLVF SMMYY ILKAY
 0.00 
 12.20 
African
 3.54 
 13.63 
Ivanhoe
 2.78 
 4.90 
Glencore
 6.67 
 0.02 
Asia
 2.69 
 77.97 
Rio
 4.55 
 0.21 
Silver
 0.30 
 26.70 
BHP
 12.50 
 0.27 
Doubleview
 1.48 
 6.17 
Sumitomo
 12.38 
 16.00 
Iluka
Market Volatility
(90 Days Market Risk)
Very steady
Not too volatile
Slightly risky
Out of control
Very steady
Out of control
Not too volatile
Out of control
Somewhat reliable
Somewhat reliable
Market Performance
(90 Days Performance)
Very Weak
Modest
Weak
Very Weak
Insignificant
Weak
Insignificant
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Low
Low
Very High
Low
Quite High
Low
Quite High
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Fairly 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)
Not Rated
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Cautious Hold
Current Ratio
6.27
22.59
1.24
3.52
1.79
154.46
1.69
3.17
2.31
3.01
Net Asset
59.17 B
3.22 B
127.51 B
1.6 M
102.9 B
16.56 M
95.17 B
13.14 M
2.27 T
2.64 B
Profit Margin
0.73
N/A
0.0646
N/A
0.29
N/A
0.47
N/A
0.19
0.34
EBITDA
17.4 B
12.86 M
14.68 B
(3.05 M)
34.65 B
(1.05 M)
39.87 B
(2.43 M)
389.36 B
682.3 M
Operating Margin
0.48
N/A
0.0844
-60.92
0.39
N/A
0.5
N/A
0.16
0.4
Current Valuation
2.69 B
10.85 B
114.24 B
4.14 M
125.28 B
3.47 M
223.12 B
49.69 M
10.83 B
2.68 B
Price To Book
1.28
3.83
1.81
N/A
2.49
0.78
3.48
4.48
0.83
2.29
Retained Earnings
N/A
(145.74 M)
(5.61 B)
(11.03 M)
19.74 B
N/A
49.54 B
N/A
742.49 B
168 M
Current Asset
N/A
412.33 M
46.81 B
N/A
15.55 B
N/A
17.71 B
N/A
519.82 B
683 M
Five Year Return
N/A
N/A
3.76
N/A
5.76
N/A
5.59
N/A
2.72
2.66
Beta
0.9
1.95
1.26
3.8
0.7
1.6
0.81
1.66
1.31
1.31
Number Of Employees
46
33
135 K
42
49 K
3
45.3 K
9
7.2 K
3.25 K
Shares Outstanding
196.05 M
1.21 B
12.69 B
411.65 M
371.22 M
41.9 M
5.06 B
178.97 M
1.1 B
84.99 M
Cash Flow From Operations
11.06 B
(7.09 M)
8.86 B
122.29 K
25.34 B
(871.39 K)
32.17 B
(607.33 K)
159.49 B
354.9 M
Annual Yield
0.12
N/A
0.0409
N/A
0.0792
N/A
0.0975
N/A
0.0521
0.0324
Total Debt
484 M
716.92 M
25.72 B
2.16 M
11.36 B
N/A
13.81 B
N/A
210.25 B
31.7 M
Return On Equity
0.31
0.17
0.39
-13.62
0.33
-0.0663
0.43
-0.13
0.19
0.3
Z Score
4.2
9.0
2.8
-8.7
7.2
N/A
10.2
N/A
N/A
61.8
Return On Asset
0.091
-0.0185
0.0982
-1.68
0.14
-0.0379
0.2
-0.0674
0.0645
0.16
Book Value Per Share
235.44
2.37
3.64
0.001
31.22
0.39
8.88
0.089
1315.04
22.66
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
12.16 M
43.79 B
16 K
10.05 B
N/A
12.34 B
N/A
176.15 B
161 M
Total Asset
59.17 B
3.22 B
127.51 B
1.6 M
102.9 B
16.56 M
95.17 B
13.14 M
2.27 T
2.64 B
Debt To Equity
0.009
0.18
0.7
N/A
0.23
N/A
0.37
15.5
0.22
0.016
Last Dividend Paid
32.0
N/A
0.26
N/A
6.77
N/A
3.25
N/A
278.0
0.37
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
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
36.25
31.65
42.31
N/A
38.52
N/A
34.23
0.05
N/A
N/A
Market Capitalization
3.48 B
10.8 B
82.23 B
12.56 M
137.83 B
10.05 M
241.96 B
68.32 M
10.58 B
3.29 B
Price To Earning
7.19
22.85
5.41
-0.03
11.54
N/A
21.72
-8.33
18.54
1.49
Price To Earnings To Growth
N/A
N/A
0.41
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.19
N/A
0.34
326.04
2.1
N/A
3.45
N/A
0.0068
1.59
Net Income
12.43 B
55.24 M
4.97 B
(12.01 K)
21.09 B
(1.05 M)
30.9 B
(2.39 M)
281.04 B
365.8 M
Earnings Per Share
3.57
0.34
1.19
-0.093
10.86
-0.025
3.99
-0.012
1.98
4.24
Shares Owned By Insiders
47.95
53.11
9.85
N/A
10.55
32.6
0.23
15.51
N/A
N/A
Revenue
16.92 B
N/A
203.75 B
882.51 K
63.49 B
N/A
65.1 B
N/A
1.26 T
1.56 B
Working Capital
N/A
400.18 M
3.02 B
(16 K)
5.51 B
N/A
5.37 B
N/A
343.67 B
522 M
Cash And Equivalents
12.34 B
507.15 M
2.88 B
1.12 M
13.91 B
8.25 M
17.54 B
1.64 M
222.23 B
450.2 M
Cash Per Share
62.96
0.42
0.22
0.03
8.59
0.2
3.46
0.01
202.2
5.32
Gross Profit
9.26 B
N/A
12.38 B
50.5 K
31.34 B
N/A
56.07 B
(35.65 K)
257.79 B
869 M
Day Typical Price
12.2
13.8
4.9
0.0235
78.31
0.21
26.8
0.27
6.16
16.0
Accumulation Distribution
N/A
292.52
N/A
330439.0
12.44
N/A
64.44
N/A
269.51
N/A
Market Facilitation Index
N/A
1.0E-4
N/A
N/A
0.0011
N/A
1.0E-4
N/A
0.0
N/A
Daily Balance Of Power
0.0
(0.96)
(9,223,372,036,855)
0.6818
1.980583
(9,223,372,036,855)
0.2667
9.2 T
2.25
(9,223,372,036,855)
Period Momentum Indicator
N/A
(0.50)
(0.14)
0.0015
2.04
(0.01)
0.08
0.03
0.09
(2.26)
Rate Of Daily Change
1.0
0.96
0.97
1.07
1.03
0.95
1.0
1.13
1.01
0.88
Day Median Price
12.2
13.89
4.9
0.0232
78.49
0.21
26.85
0.27
6.15
16.0
Price Action Indicator
N/A
(0.51)
(0.07)
0.0016
0.5
(0.01)
(0.11)
0.015
0.065
(1.13)
Coefficient Of Variation
2065.17
1036.61
5650.76
(606.68)
1809.06
3475.06
1576.36
7569.12
78416.45
(1,571)
Mean Deviation
4.92
2.29
1.44
4.07
1.6
4.65
3.9
3.29
1.65
1.29
Jensen Alpha
0.3484
0.2205
0.01
(0.89)
0.1767
0.1516
0.2969
0.1592
(0.04)
(0.22)
Total Risk Alpha
(0.73)
(0.20)
(0.30)
(1.85)
(0.28)
(0.78)
(0.49)
(0.73)
(0.36)
(0.73)
Sortino Ratio
0.0225
0.0586
(0.04)
N/A
0.0057
0.008
0.0412
(0.01)
(0.05)
N/A
Downside Variance
71.95
8.19
5.28
N/A
15.57
34.81
22.42
36.81
5.97
N/A
Standard Deviation
6.51
3.03
2.05
5.71
2.66
5.97
5.04
4.98
2.23
3.26
Kurtosis
0.3465
0.4785
1.11
1.25
1.77
0.2923
(0.27)
1.23
2.52
9.91
Potential Upside
8.32
5.54
3.78
11.11
5.18
10.34
8.41
11.11
3.42
3.75
Treynor Ratio
(0.81)
0.5246
0.1849
1.77
(0.40)
1.79
2.81
(0.06)
(0.02)
11.94
Maximum Drawdown
28.91
15.69
10.53
29.08
14.83
27.27
23.92
25.81
13.5
26.51
Variance
42.39
9.17
4.2
32.55
7.08
35.67
25.36
24.79
4.98
10.6
Market Risk Adjusted Performance
(0.80)
0.5346
0.1949
1.78
(0.39)
1.8
2.82
(0.05)
(0.01)
11.95
Risk Adjusted Performance
0.0439
0.0773
0.0193
(0.11)
0.0472
0.0296
0.0544
0.0181
0.0077
(0.04)
Skewness
(0.51)
0.2889
(0.13)
0.538
0.2235
0.6295
0.066
0.4173
(0.66)
(0.15)
Semi Deviation
6.96
2.5
1.97
N/A
2.13
4.62
4.43
3.85
2.37
N/A
Information Ratio
0.0293
0.0554
(0.04)
(0.19)
0.0085
0.0079
0.0387
(0.01)
(0.05)
(0.10)
Value At Risk
(13.87)
(4.44)
(3.67)
(10.28)
(4.60)
(7.69)
(7.69)
(7.14)
(3.01)
(7.32)
Expected Short fall
(4.95)
(2.50)
(1.63)
N/A
(2.34)
(6.85)
(4.46)
(6.11)
(1.66)
N/A
Downside Deviation
8.48
2.86
2.3
N/A
3.95
5.9
4.73
6.07
2.44
N/A
Semi Variance
48.42
6.26
3.89
N/A
4.56
21.37
19.6
14.81
5.6
N/A

African Rainbow Competition Performance Charts

Five steps to successful analysis of African Rainbow Competition

African Rainbow'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 African Rainbow Minerals in relation to its competition. African Rainbow's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of African Rainbow 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 African Rainbow's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to African Rainbow Minerals, 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 African Rainbow position

In addition to having African Rainbow in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Electronic Equipment Thematic Idea Now

Electronic Equipment
Electronic Equipment Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Electronic Equipment theme has 61 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 Electronic Equipment Theme or any other thematic opportunities.
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Other Consideration for investing in African Pink Sheet

If you are still planning to invest in African Rainbow Minerals check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the African Rainbow's history and understand the potential risks before investing.
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