ANRO vs. NGD

Last updated Aug 1, 2026

ANRO (Alto Neuroscience, Inc) and NGD (New Gold Inc.) are both stocks. ANRO operates in Biotechnology (Healthcare), while NGD operates in Gold (Basic Materials). Their 0.09 correlation means their historical movements had little consistent relationship.

Performance

ANRO vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alto Neuroscience, Inc (ANRO) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ANRO

• 1D: -5.45%
• 1M: 9.24%
• 6M: 74.87%
• YTD: 52.08%
• 1Y: 787.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.68%

NGD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ANRO Alto Neuroscience, Inc	$10.54M	$15.51M	$12.41M

ANRO vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ANRO Alto Neuroscience, Inc	52.08%	320.80%	-80.77%
NGD New Gold Inc.	4.25%	251.21%	90.77%

Correlation

The correlation between ANRO and NGD is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024	0.09

Fundamentals

EPS ANRO : -$2.43 NGD : $1.61
Total Revenue (TTM) ANRO : $0.00 NGD : $1.46B
Gross Profit (TTM) ANRO : -$421.00K NGD : $758.26M
EBITDA (TTM) ANRO : -$74.36M NGD : $1.19B

Return for Risk

ANRO vs. NGD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ANRO

ANRO Risk / Return Rank: 99
ANRO Sharpe Ratio Rank: 100
ANRO Sortino Ratio Rank: 99
ANRO Omega Ratio Rank: 98
ANRO Calmar Ratio Rank: 100
ANRO Martin Ratio Rank: 100

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ANRO vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alto Neuroscience, Inc (ANRO) and New Gold Inc. (NGD). 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.

	ANRO	NGD	Difference
Sharpe ratio: Return per unit of total volatility	6.15	—	—
Sortino ratio: Return per unit of downside risk	5.38	—	—
Omega ratio: Gain probability vs. loss probability	1.67	—	—
Calmar ratio: Return relative to maximum drawdown	23.08	—	—
Martin ratio: Return relative to average drawdown	60.27	—	—

Drawdowns

Drawdown Indicators

	ANRO	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-91.82%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-34.20%	—	—
Current Drawdown Current decline from peak	-5.45%	—	—
Average Drawdown Average peak-to-trough decline	-51.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.07%	—	—

Volatility

Volatility by Period

	ANRO	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	128.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.58%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.58%	—	—

Dividends

ANRO vs. NGD - Dividend Comparison

Neither ANRO nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ANRO and NGD in my portfolio?

ANRO and NGD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.