Correlation
The correlation between IE and NEM is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
IE vs. NEM
Compare and contrast key facts about Ivanhoe Electric Inc (IE) and Newmont Goldcorp Corporation (NEM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IE or NEM.
Performance
IE vs. NEM - Performance Comparison
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Key characteristics
IE:
-0.49
NEM:
0.80
IE:
-0.29
NEM:
1.17
IE:
0.97
NEM:
1.17
IE:
-0.49
NEM:
0.53
IE:
-0.95
NEM:
1.54
IE:
37.11%
NEM:
18.07%
IE:
77.04%
NEM:
36.73%
IE:
-71.12%
NEM:
-77.55%
IE:
-55.21%
NEM:
-31.23%
Fundamentals
IE:
$962.60M
NEM:
$58.68B
IE:
-$0.85
NEM:
$4.41
IE:
293.84
NEM:
2.98
IE:
3.14
NEM:
1.87
IE:
$3.28M
NEM:
$19.65B
IE:
-$35.90M
NEM:
$7.72B
IE:
-$101.80M
NEM:
$9.78B
Returns By Period
In the year-to-date period, IE achieves a -2.65% return, which is significantly lower than NEM's 43.16% return.
IE
-2.65%
16.67%
-22.71%
-37.34%
N/A
N/A
N/A
NEM
43.16%
0.55%
27.05%
29.36%
-4.69%
1.27%
9.54%
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Risk-Adjusted Performance
IE vs. NEM — Risk-Adjusted Performance Rank
IE
NEM
IE vs. NEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ivanhoe Electric Inc (IE) and Newmont Goldcorp Corporation (NEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
IE vs. NEM - Dividend Comparison
IE has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 2.37%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
IE Ivanhoe Electric Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEM Newmont Goldcorp Corporation | 2.37% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% |
Drawdowns
IE vs. NEM - Drawdown Comparison
The maximum IE drawdown since its inception was -71.12%, smaller than the maximum NEM drawdown of -77.55%. Use the drawdown chart below to compare losses from any high point for IE and NEM.
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Volatility
IE vs. NEM - Volatility Comparison
Ivanhoe Electric Inc (IE) and Newmont Goldcorp Corporation (NEM) have volatilities of 10.60% and 10.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
IE vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Ivanhoe Electric Inc and Newmont Goldcorp Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities