Alumina Competitors

Summary

Alumina Limited competes with Ardelyx, Allied Gaming, Galaxy Gaming, Games Workshop, and Doubledown Interactive; as well as few others. The company classifies itself under Basic Materials sector and is part of Aluminum industry. Analyzing Alumina 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 Alumina 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 population.

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Alumina Competition Correlation Matrix

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

	ARDX	OMHE	AGAE	GLXZ	GMWKF	DDI	CAH	ELNX
ARDX		0.0	0.52	0.42	0.03	-0.29	0.48	0.0	ARDX
OMHE	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OMHE
AGAE	0.52	0.0		0.67	0.17	-0.65	0.63	0.0	AGAE
GLXZ	0.42	0.0	0.67		0.39	-0.7	0.43	0.0	GLXZ
GMWKF	0.03	0.0	0.17	0.39		-0.38	-0.03	0.0	GMWKF
DDI	-0.29	0.0	-0.65	-0.7	-0.38		-0.35	0.0	DDI
CAH	0.48	0.0	0.63	0.43	-0.03	-0.35		0.0	CAH
ELNX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ELNX
	ARDX	OMHE	AGAE	GLXZ	GMWKF	DDI	CAH	ELNX

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High positive correlations

GLXZ	+ 0.67	AGAE
CAH	+ 0.63	AGAE
AGAE	+ 0.52	ARDX
CAH	+ 0.48	ARDX
CAH	+ 0.43	GLXZ
GLXZ	+ 0.42	ARDX

High negative correlations

DDI	- 0.7	GLXZ
DDI	- 0.65	AGAE
DDI	- 0.38	GMWKF
CAH	- 0.35	DDI
DDI	- 0.29	ARDX
CAH	- 0.03	GMWKF

Risk-Adjusted Indicators

There is a big difference between Alumina Pink Sheet performing well and Alumina 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 Alumina'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
ARDX	3.22	0.19	0.03	0.02	4.41	(3.59)	8.32	(7.87)	27.51
OMHE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGAE	3.01	0.63	0.19	(2.51)	3.48	(3.50)	6.00	(5.56)	22.41
GLXZ	0.59	0.04	0.16	0.22	0.64	(0.81)	1.73	(1.08)	3.53
GMWKF	1.17	0.09	0.05	0.42	1.79	(2.79)	3.32	(4.28)	17.87
DDI	2.01	(0.23)	0.00	(0.95)	0.00	0.00	3.36	(4.77)	12.89
CAH	0.81	0.13	0.14	0.11	1.13	(0.77)	1.82	(2.22)	6.21
ELNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Unable to evaluate fundamental data of [ARDX, OMHE, AGAE, GLXZ, GMWKF, DDI, CAH, ELNX] at this time. Please try again later

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Alumina Competitive Analysis

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

	ARDX	AGAE	GLXZ	GMWKF	DDI	CAH	ELNX
	0.92 5.47 Ardelyx	1.79 1.10 Allied	0.69 2.86 Galaxy	1.13 183.00 Games	0.63 9.65 Doubledown	1.37 128.00 Cardinal	0.00 0.06 Aperture
Market Volatility (90 Days Market Risk)	Moderately volatile	Dangerous	Somewhat reliable	Very steady	Not too volatile	Very steady	Very steady
Market Performance (90 Days Performance)	Weak	Good	Insignificant	Weak	Very Weak	Good	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Average	Below Average	Low	Very Small	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Strong Buy	Not Available	Not Available	Not Available	Not Available	Buy	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Sell	Strong Hold	Buy	Cautious Hold	Strong Buy	Strong Sell
Current Ratio	2.31 X	N/A	5.31 X	3.45 X	3.23 X	1.04 X	N/A
Net Asset	435.75 M	112.02 M	40.45 M	321.1 M	906.16 M	45.12 B	N/A
Profit Margin	(0.12) %	(1.15) %	(0.05) %	0.29 %	0.36 %	0.01 %	N/A
EBITDA	(16.71 M)	(5.1 M)	6.75 M	192.1 M	141.87 M	1.98 B	N/A
Operating Margin	0.07 %	(0.55) %	0.25 %	0.36 %	0.42 %	0.01 %	N/A
Current Valuation	1.21 B	14.92 M	98.07 M	2.93 B	98.81 M	34.72 B	259
Price To Book	7.52 X	0.67 X	N/A	10.03 X	0.56 X	16.07 X	N/A
Retained Earnings	(885.34 M)	(113.67 M)	(34.33 M)	39 M	472.04 M	(286 M)	N/A
Current Asset	112.03 M	N/A	3.06 M	31 M	N/A	21.96 B	N/A
Five Year Return	N/A	N/A	N/A	2.95 %	N/A	3.61 %	N/A
Beta	0.87	1.48	1.52	1.25	0.92	0.68	18.97
Number Of Employees	395	73	36	2.64 K	4	47.92 K	10
Shares Outstanding	238.36 M	44.11 M	24.25 M	32.91 M	49.55 M	241.57 M	N/A
Cash Flow From Operations	(44.81 M)	(8.14 M)	6 M	121.5 M	148.45 M	3.76 B	N/A
Annual Yield	N/A	N/A	N/A	0.03 %	N/A	0.02 %	0.04 %
Total Debt	153.44 M	16.27 M	52.14 M	N/A	38.69 M	5.09 B	N/A
Return On Equity	-0.23	-0.13	N/A	0.51	0.16	N/A	N/A
Z Score	N/A	N/A	0.6	1.0	N/A	N/A	N/A
Return On Asset	-0.0476	-0.0624	0.0949	0.29	0.1	0.0301	N/A
Book Value Per Share	0.73 X	1.94 X	(0.76) X	7.62 X	16.99 X	(12.36) X	N/A
Number Of Shares Shorted	27.9 M	117.36 K	N/A	N/A	101.97 K	6.46 M	N/A
Current Liabilities	7.72 M	N/A	7.95 M	16 M	N/A	19.7 B	N/A
Total Asset	435.75 M	112.02 M	40.45 M	321.1 M	906.16 M	45.12 B	N/A
Last Dividend Paid	N/A	N/A	N/A	2.6	N/A	2.02	N/A
Debt To Equity	0.56 %	N/A	123.60 %	0.21 %	0.05 %	5.63 %	N/A
Short Ratio	8.35 X	6.07 X	N/A	N/A	1.65 X	2.44 X	N/A
Target Price	10.75	3.5	0.75	N/A	20.25	141.34	N/A
Shares Owned By Institutions	64.39 %	2.39 %	1.09 %	76.42 %	29.80 %	8.00 %	N/A
Market Capitalization	1.3 B	49.4 M	67.91 M	3.74 B	474.97 M	30.92 B	129.6 K
Price To Earning	(2.11) X	N/A	140.00 X	20.79 X	5.24 X	16.00 X	N/A
Price To Earnings To Growth	(0.08) X	N/A	N/A	N/A	N/A	0.84 X	N/A
Price To Sales	3.91 X	5.34 X	2.65 X	7.08 X	1.39 X	0.14 X	11.93 X
Net Income	(39.14 M)	(3.6 M)	2.11 M	128.4 M	124.02 M	852 M	N/A
Earnings Per Share	(0.17) X	(0.27) X	0.02 X	4.56 X	2.50 X	5.37 X	N/A
Shares Owned By Insiders	2.17 %	71.31 %	25.61 %	2.40 %	0.57 %	0.25 %	N/A
Revenue	333.62 M	7.66 M	19.98 M	414.8 M	341.33 M	226.83 B	N/A
Working Capital	278.62 M	66.39 M	(4.89 M)	15 M	247.25 M	(756 M)	N/A
Cash And Equivalents	90.62 M	N/A	17.25 M	71.4 M	284.43 M	4.04 B	N/A
Cash Per Share	0.48 X	N/A	0.71 X	2.17 X	5.74 X	13.32 X	N/A
Gross Profit	230.74 M	4.27 M	19.9 M	287.4 M	237.79 M	7.66 B	N/A
Day Typical Price	5.46	1.1	2.86	183.0	9.6	127.17	0.059
Accumulation Distribution	0.0254	0.0268	0.0035	N/A	0.0389	0.0252	N/A
Market Facilitation Index	0.14	0.03	0.01	N/A	0.38	3.23	N/A
Daily Balance Of Power	0.3571	(0.67)	(2.00)	9.2 T	0.1579	0.5356	0.0
Period Momentum Indicator	0.05	(0.02)	(0.02)	2.05	0.06	1.73	N/A
Rate Of Daily Change	1.01	0.98	0.99	1.01	1.01	1.01	1.0
Day Median Price	5.45	1.11	2.86	183.0	9.57	126.76	0.059
Price Action Indicator	0.045	(0.01)	(0.01)	1.03	0.11	2.11	N/A
Coefficient Of Variation	10846.96	590.3	2091.45	3213.95	(1,019)	1466.34	N/A
Mean Deviation	3.22	3.01	0.5912	1.17	2.01	0.8058	N/A
Jensen Alpha	0.1943	0.6343	0.0424	0.0917	(0.23)	0.1328	N/A
Total Risk Alpha	0.6313	1.16	0.1295	0.4055	0.0591	0.2053	N/A
Sortino Ratio	0.031	0.1904	0.1559	0.0509	N/A	0.1374	N/A
Downside Variance	21.34	16.45	0.7784	12.77	N/A	1.62	N/A
Standard Deviation	4.77	3.97	0.8059	2.66	2.54	1.11	N/A
Kurtosis	2.39	1.25	0.5254	14.7	0.3533	1.45	N/A
Potential Upside	8.32	6.0	1.73	3.32	3.36	1.82	N/A
Treynor Ratio	0.0231	(2.51)	0.2243	0.4177	(0.95)	0.1074	N/A
Maximum Drawdown	27.51	22.41	3.53	17.87	12.89	6.21	N/A
Variance	22.74	15.79	0.6495	7.06	6.48	1.24	N/A
Market Risk Adjusted Performance	0.0331	(2.50)	0.2343	0.4277	(0.94)	0.1174	N/A
Risk Adjusted Performance	0.0162	0.1553	0.0408	0.0338	(0.08)	0.0616	N/A
Skewness	0.2494	0.2092	0.3144	1.92	(0.31)	(0.63)	N/A
Semi Deviation	4.41	3.48	0.6438	1.79	N/A	1.13	N/A
Information Ratio	0.03	0.1943	0.1707	0.0684	(0.06)	0.1572	N/A
Value At Risk	(7.87)	(5.56)	(1.08)	(4.28)	(4.77)	(2.22)	N/A
Expected Short fall	(3.59)	(3.50)	(0.81)	(2.79)	N/A	(0.77)	N/A
Downside Deviation	4.62	4.06	0.8823	3.57	N/A	1.27	N/A
Semi Variance	19.47	12.1	0.4145	3.19	N/A	1.28	N/A

Alumina Competition Performance Charts

Five steps to successful analysis of Alumina Competition

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

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

In addition to having Alumina 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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Other Consideration for investing in Alumina Pink Sheet

If you are still planning to invest in Alumina Limited 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 Alumina's history and understand the potential risks before investing.

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