ACMR vs. AS

Last updated Jun 13, 2026

ACMR (ACM Research, Inc.) and AS (Amer Sports, Inc) are both stocks. ACMR operates in Semiconductor Equipment & Materials (Technology), while AS operates in Leisure (Consumer Cyclical). Over the past year, ACMR returned 265.21% vs -5.21% for AS. At a 0.36 correlation, their price movements are largely independent.

Performance

ACMR vs. AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ACM Research, Inc. (ACMR) and Amer Sports, Inc (AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACMR achieves a 138.15% return, which is significantly higher than AS's -5.06% return.

ACMR

• 1D: 2.45%
• 1M: 45.10%
• YTD: 138.15%
• 6M: 141.95%
• 1Y: 265.21%
• 3Y*: 104.60%
• 5Y*: 25.99%
• 10Y*: —

AS

• 1D: -0.39%
• 1M: 8.18%
• YTD: -5.06%
• 6M: -7.56%
• 1Y: -5.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACMR vs. AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ACMR ACM Research, Inc.	138.15%	161.26%	-12.31%
AS Amer Sports, Inc	-5.06%	33.58%	108.66%

Correlation

The correlation between ACMR and AS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.36

Fundamentals

Market Cap ACMR : $6.55B AS : $20.29B
EPS ACMR : $1.33 AS : $0.81
PE Ratio ACMR : 70.83 AS : 43.81
PEG Ratio ACMR : 2.48 AS : 0.11
PS Ratio ACMR : 6.71 AS : 2.85
PB Ratio ACMR : 4.14 AS : 3.01
Total Revenue (TTM) ACMR : $960.23M AS : $7.04B
Gross Profit (TTM) ACMR : $424.76M AS : $4.10B
EBITDA (TTM) ACMR : $162.91M AS : $1.02B

Return for Risk

ACMR vs. AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACMR

ACMR Risk / Return Rank: 94
ACMR Sharpe Ratio Rank: 97
ACMR Sortino Ratio Rank: 91
ACMR Omega Ratio Rank: 92
ACMR Calmar Ratio Rank: 94
ACMR Martin Ratio Rank: 93

AS

AS Risk / Return Rank: 36
AS Sharpe Ratio Rank: 38
AS Sortino Ratio Rank: 34
AS Omega Ratio Rank: 34
AS Calmar Ratio Rank: 37
AS Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACMR vs. AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ACM Research, Inc. (ACMR) and Amer Sports, Inc (AS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACMR	AS	Difference
Sharpe ratio: Return per unit of total volatility	3.44	-0.13	+3.57
Sortino ratio: Return per unit of downside risk	3.18	0.11	+3.07
Omega ratio: Gain probability vs. loss probability	1.45	1.01	+0.44
Calmar ratio: Return relative to maximum drawdown	5.76	-0.18	+5.95
Martin ratio: Return relative to average drawdown	14.73	-0.36	+15.09

ACMR vs. AS - Sharpe Ratio Comparison

The current ACMR Sharpe Ratio is 3.44, which is higher than the AS Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of ACMR and AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACMR vs. AS - Drawdown Comparison

The maximum ACMR drawdown since its inception was -87.23%, which is greater than AS's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for ACMR and AS.

Drawdown Indicators

	ACMR	AS	Difference
Max Drawdown Largest peak-to-trough decline	-87.23%	-40.71%	-46.52%
Max Drawdown (1Y) Largest decline over 1 year	-46.34%	-28.78%	-17.56%
Max Drawdown (3Y) Largest decline over 3 years	-58.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-84.81%	—	—
Current Drawdown Current decline from peak	0.00%	-15.49%	+15.49%
Average Drawdown Average peak-to-trough decline	-39.55%	-13.29%	-26.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.11%	14.56%	+3.55%

Volatility

ACMR vs. AS - Volatility Comparison

ACM Research, Inc. (ACMR) has a higher volatility of 33.26% compared to Amer Sports, Inc (AS) at 10.17%. This indicates that ACMR's price experiences larger fluctuations and is considered to be riskier than AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACMR	AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.26%	10.17%	+23.09%
Volatility (6M) Calculated over the trailing 6-month period	59.35%	29.10%	+30.25%
Volatility (1Y) Calculated over the trailing 1-year period	77.68%	41.31%	+36.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.77%	49.55%	+31.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.99%	49.55%	+34.44%

Dividends

ACMR vs. AS - Dividend Comparison

Neither ACMR nor AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

ACMR vs. AS - Profitability Comparison

The chart below illustrates the profitability comparison between ACM Research, Inc. and Amer Sports, Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ACMR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ACM Research, Inc. reported a gross profit of 107.24M and revenue of 231.26M. Therefore, the gross margin over that period was 46.4%.

AS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amer Sports, Inc reported a gross profit of 1.17B and revenue of 1.95B. Therefore, the gross margin over that period was 59.9%.

ACMR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ACM Research, Inc. reported an operating income of 36.18M and revenue of 231.26M, resulting in an operating margin of 15.6%.

AS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amer Sports, Inc reported an operating income of 313.30M and revenue of 1.95B, resulting in an operating margin of 16.1%.

ACMR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ACM Research, Inc. reported a net income of 17.31M and revenue of 231.26M, resulting in a net margin of 7.5%.

AS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amer Sports, Inc reported a net income of 164.60M and revenue of 1.95B, resulting in a net margin of 8.5%.

Frequently Asked Questions

Can I hold both ACMR and AS in my portfolio?

ACMR and AS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACMR or AS?

ACMR has higher volatility (33.26%) compared to AS (10.17%). In terms of maximum drawdown, ACMR dropped -87.23% vs AS's -40.71%.

Which has better risk-adjusted returns?

ACMR currently has the higher Sharpe Ratio (3.44 vs -0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.