ALTO vs. APPS
ALTO (Alto Ingredients, Inc.) and APPS (Digital Turbine, Inc.) are both stocks. ALTO operates in Specialty Chemicals (Basic Materials), while APPS operates in Software - Application (Technology). Over the past 10 years, ALTO returned -0.07%/yr vs 24.94%/yr for APPS. At a 0.14 correlation, their price movements are largely independent.
Performance
ALTO vs. APPS - Performance Comparison
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Returns By Period
In the year-to-date period, ALTO achieves a 96.18% return, which is significantly lower than APPS's 107.70% return. Over the past 10 years, ALTO has underperformed APPS with an annualized return of -0.07%, while APPS has yielded a comparatively higher 24.94% annualized return.
ALTO
- 1D
- -1.22%
- 1M
- 4.05%
- 6M
- 130.61%
- YTD
- 96.18%
- 1Y
- 359.35%
- 3Y*
- 19.51%
- 5Y*
- 1.33%
- 10Y*
- -0.07%
APPS
- 1D
- -7.11%
- 1M
- 15.26%
- 6M
- 103.63%
- YTD
- 107.70%
- 1Y
- 74.83%
- 3Y*
- 3.71%
- 5Y*
- -30.07%
- 10Y*
- 24.94%
ALTO vs. APPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTO Alto Ingredients, Inc. | 96.18% | 84.62% | -41.35% | -7.64% | -40.12% | -11.42% | 735.38% | -24.51% | -81.08% | -52.11% |
APPS Digital Turbine, Inc. | 107.70% | 195.86% | -75.36% | -54.99% | -75.01% | 7.83% | 693.27% | 289.62% | 2.23% | 163.24% |
Correlation
The correlation between ALTO and APPS is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2006 | 0.14 |
The correlation between ALTO and APPS shifts across timeframes, from 0.09 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ALTO:
$437.79M
APPS:
$1.25B
ALTO:
$0.38
APPS:
-$0.26
ALTO:
0.47
APPS:
2.16
ALTO:
$916.07M
APPS:
$555.80M
ALTO:
$45.94M
APPS:
$392.99M
ALTO:
$20.37M
APPS:
$80.59M
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Return for Risk
ALTO vs. APPS — Risk / Return Rank
ALTO
APPS
ALTO vs. APPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alto Ingredients, Inc. (ALTO) and Digital Turbine, Inc. (APPS). 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.
| ALTO | APPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.21 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 12.65 | 1.23 | +11.43 |
| Martin ratioReturn relative to average drawdown | 28.78 | 2.32 | +26.46 |
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Drawdowns
ALTO vs. APPS - Drawdown Comparison
The maximum ALTO drawdown since its inception was -99.99%, roughly equal to the maximum APPS drawdown of -98.72%. Use the drawdown chart below to compare losses from any high point for ALTO and APPS.
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Drawdown Indicators
| ALTO | APPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -98.72% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -28.62% | -61.32% | +32.70% |
Max Drawdown (3Y)Largest decline over 3 years | -84.11% | -89.18% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -89.12% | -98.68% | +9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -97.77% | -98.72% | +0.95% |
Current DrawdownCurrent decline from peak | -99.87% | -89.04% | -10.83% |
Average DrawdownAverage peak-to-trough decline | -92.33% | -77.76% | -14.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.56% | 32.72% | -20.16% |
Volatility
ALTO vs. APPS - Volatility Comparison
The current volatility for Alto Ingredients, Inc. (ALTO) is 22.66%, while Digital Turbine, Inc. (APPS) has a volatility of 30.14%. This indicates that ALTO experiences smaller price fluctuations and is considered to be less risky than APPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTO | APPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.66% | 30.14% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 67.20% | 64.95% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.72% | 89.33% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.65% | 110.04% | -30.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.71% | 93.70% | -2.99% |
Dividends
ALTO vs. APPS - Dividend Comparison
Neither ALTO nor APPS has paid dividends to shareholders.
Financials
ALTO vs. APPS - Financials Comparison
This section allows you to compare key financial metrics between Alto Ingredients, Inc. and Digital Turbine, 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
ALTO vs. APPS - Profitability Comparison
ALTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Alto Ingredients, Inc. reported a gross profit of 9.22M and revenue of 224.68M. Therefore, the gross margin over that period was 4.1%.
APPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Digital Turbine, Inc. reported a gross profit of 129.83M and revenue of 142.55M. Therefore, the gross margin over that period was 91.1%.
ALTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Alto Ingredients, Inc. reported an operating income of 2.52M and revenue of 224.68M, resulting in an operating margin of 1.1%.
APPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Digital Turbine, Inc. reported an operating income of 10.52M and revenue of 142.55M, resulting in an operating margin of 7.4%.
ALTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Alto Ingredients, Inc. reported a net income of 3.96M and revenue of 224.68M, resulting in a net margin of 1.8%.
APPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Digital Turbine, Inc. reported a net income of -7.34M and revenue of 142.55M, resulting in a net margin of -5.2%.
Frequently Asked Questions
ALTO and APPS have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APPS has higher volatility (30.14%) compared to ALTO (22.66%). In terms of maximum drawdown, ALTO dropped -99.99% vs APPS's -98.72%.
ALTO currently has the higher Sharpe Ratio (3.74 vs 0.84), 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.
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