AOUT vs. CCJ

Last updated Jun 4, 2026

AOUT (American Outdoor Brands, Inc.) and CCJ (Cameco Corporation) are both stocks. AOUT operates in Leisure (Consumer Cyclical), while CCJ operates in Uranium (Energy). Over the past 5 years, AOUT returned -21.06%/yr vs 40.19%/yr for CCJ. At a 0.19 correlation, their price movements are largely independent.

Performance

AOUT vs. CCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Outdoor Brands, Inc. (AOUT) and Cameco Corporation (CCJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AOUT having a 24.19% return and CCJ slightly higher at 25.22%.

AOUT

• 1D: -2.83%
• 1M: 2.56%
• YTD: 24.19%
• 6M: 35.40%
• 1Y: -16.81%
• 3Y*: 8.43%
• 5Y*: -21.06%
• 10Y*: —

CCJ

• 1D: -4.94%
• 1M: -3.13%
• YTD: 25.22%
• 6M: 28.07%
• 1Y: 92.33%
• 3Y*: 56.47%
• 5Y*: 40.19%
• 10Y*: 26.89%

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

AOUT vs. CCJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AOUT American Outdoor Brands, Inc.	24.19%	-49.28%	81.43%	-16.17%	-49.72%	17.03%	9.87%
CCJ Cameco Corporation	25.22%	78.38%	19.47%	90.49%	4.35%	63.19%	27.78%

Correlation

The correlation between AOUT and CCJ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020	0.19

Fundamentals

Market Cap AOUT : $120.47M CCJ : $49.91B
EPS AOUT : -$0.77 CCJ : $1.49
PS Ratio AOUT : 0.59 CCJ : 14.10
PB Ratio AOUT : 0.73 CCJ : 7.05
Total Revenue (TTM) AOUT : $205.42M CCJ : $3.54B
Gross Profit (TTM) AOUT : $88.44M CCJ : $1.04B
EBITDA (TTM) AOUT : $386.00K CCJ : $996.66M

Return for Risk

AOUT vs. CCJ — Risk / Return Rank

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

AOUT

AOUT Risk / Return Rank: 28
AOUT Sharpe Ratio Rank: 26
AOUT Sortino Ratio Rank: 27
AOUT Omega Ratio Rank: 26
AOUT Calmar Ratio Rank: 29
AOUT Martin Ratio Rank: 30

CCJ

CCJ Risk / Return Rank: 82
CCJ Sharpe Ratio Rank: 84
CCJ Sortino Ratio Rank: 82
CCJ Omega Ratio Rank: 78
CCJ Calmar Ratio Rank: 85
CCJ Martin Ratio Rank: 83

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.

AOUT vs. CCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Outdoor Brands, Inc. (AOUT) and Cameco Corporation (CCJ). 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.

	AOUT	CCJ	Difference
Sharpe ratio Return per unit of total volatility	-0.35	1.69	-2.04
Sortino ratio Return per unit of downside risk	-0.18	2.48	-2.65
Omega ratio Gain probability vs. loss probability	0.98	1.29	-0.32
Calmar ratio Return relative to maximum drawdown	-0.36	3.61	-3.97
Martin ratio Return relative to average drawdown	-0.62	8.18	-8.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AOUT vs. CCJ - Sharpe Ratio Comparison

The current AOUT Sharpe Ratio is -0.35, which is lower than the CCJ Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of AOUT and CCJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AOUT	CCJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	1.69	-2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.43	0.81	-1.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	0.24	-0.39

Drawdowns

AOUT vs. CCJ - Drawdown Comparison

The maximum AOUT drawdown since its inception was -82.35%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for AOUT and CCJ.

Drawdown Indicators

	AOUT	CCJ	Difference
Max Drawdown Largest peak-to-trough decline	-82.35%	-87.53%	+5.18%
Max Drawdown (1Y) Largest decline over 1 year	-46.82%	-25.69%	-21.13%
Max Drawdown (3Y) Largest decline over 3 years	-64.19%	-40.01%	-24.18%
Max Drawdown (5Y) Largest decline over 5 years	-82.35%	-40.01%	-42.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.22%	—
Current Drawdown Current decline from peak	-73.36%	-14.56%	-58.80%
Average Drawdown Average peak-to-trough decline	-59.53%	-46.10%	-13.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.23%	11.33%	+15.90%

Volatility

AOUT vs. CCJ - Volatility Comparison

American Outdoor Brands, Inc. (AOUT) and Cameco Corporation (CCJ) have volatilities of 15.70% and 15.87%, 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.

Volatility by Period

	AOUT	CCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.70%	15.87%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	32.49%	38.06%	-5.57%
Volatility (1Y) Calculated over the trailing 1-year period	48.64%	54.94%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.55%	49.69%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.61%	46.60%	+5.01%

Dividends

AOUT vs. CCJ - Dividend Comparison

AOUT has not paid dividends to shareholders, while CCJ's dividend yield for the trailing twelve months is around 0.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOUT American Outdoor Brands, 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%
CCJ Cameco Corporation	0.15%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%

Financials

AOUT vs. CCJ - Profitability Comparison

The chart below illustrates the profitability comparison between American Outdoor Brands, Inc. and Cameco Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AOUT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported a gross profit of 23.18M and revenue of 56.58M. Therefore, the gross margin over that period was 41.0%.

CCJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a gross profit of 291.00M and revenue of 847.55M. Therefore, the gross margin over that period was 34.3%.

AOUT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported an operating income of -3.91M and revenue of 56.58M, resulting in an operating margin of -6.9%.

CCJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported an operating income of 154.28M and revenue of 847.55M, resulting in an operating margin of 18.2%.

AOUT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported a net income of -4.07M and revenue of 56.58M, resulting in a net margin of -7.2%.

CCJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a net income of 131.09M and revenue of 847.55M, resulting in a net margin of 15.5%.

Frequently Asked Questions

Can I hold both AOUT and CCJ in my portfolio?

AOUT and CCJ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOUT or CCJ?

CCJ has higher volatility (15.87%) compared to AOUT (15.70%). In terms of maximum drawdown, AOUT dropped -82.35% vs CCJ's -87.53%.

Which has better risk-adjusted returns?

CCJ currently has the higher Sharpe Ratio (1.69 vs -0.35), 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.