ALGM vs. SNPS
Compare and contrast key facts about Allegro MicroSystems, Inc. (ALGM) and Synopsys, Inc. (SNPS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALGM or SNPS.
Correlation
The correlation between ALGM and SNPS is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ALGM vs. SNPS - Performance Comparison
Key characteristics
ALGM:
-0.56
SNPS:
-0.27
ALGM:
-0.59
SNPS:
-0.13
ALGM:
0.93
SNPS:
0.98
ALGM:
-0.44
SNPS:
-0.40
ALGM:
-1.20
SNPS:
-0.85
ALGM:
23.34%
SNPS:
11.90%
ALGM:
49.95%
SNPS:
37.26%
ALGM:
-63.83%
SNPS:
-60.95%
ALGM:
-59.05%
SNPS:
-20.19%
Fundamentals
ALGM:
$4.06B
SNPS:
$78.89B
ALGM:
-$0.14
SNPS:
$9.24
ALGM:
$849.88M
SNPS:
$6.27B
ALGM:
$417.53M
SNPS:
$4.92B
ALGM:
$87.94M
SNPS:
$1.63B
Returns By Period
In the year-to-date period, ALGM achieves a -28.68% return, which is significantly lower than SNPS's -3.70% return.
ALGM
-28.68%
7.20%
-21.97%
-29.51%
N/A
N/A
SNPS
-3.70%
-7.14%
-18.73%
-10.12%
28.85%
27.45%
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Risk-Adjusted Performance
ALGM vs. SNPS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegro MicroSystems, Inc. (ALGM) and Synopsys, Inc. (SNPS). 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.
Dividends
ALGM vs. SNPS - Dividend Comparison
Neither ALGM nor SNPS has paid dividends to shareholders.
Drawdowns
ALGM vs. SNPS - Drawdown Comparison
The maximum ALGM drawdown since its inception was -63.83%, roughly equal to the maximum SNPS drawdown of -60.95%. Use the drawdown chart below to compare losses from any high point for ALGM and SNPS. For additional features, visit the drawdowns tool.
Volatility
ALGM vs. SNPS - Volatility Comparison
The current volatility for Allegro MicroSystems, Inc. (ALGM) is 12.36%, while Synopsys, Inc. (SNPS) has a volatility of 15.52%. This indicates that ALGM experiences smaller price fluctuations and is considered to be less risky than SNPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ALGM vs. SNPS - Financials Comparison
This section allows you to compare key financial metrics between Allegro MicroSystems, Inc. and Synopsys, Inc.. 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