APLD vs. MKA.L
APLD (Applied Digital Corporation) and MKA.L (Mkango Resources Ltd) are both stocks. APLD operates in Information Technology Services (Technology), while MKA.L operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, APLD returned 112.30%/yr vs 5.78%/yr for MKA.L. At a 0.07 correlation, their price movements are largely independent.
Performance
APLD vs. MKA.L - Performance Comparison
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Different Trading Currencies
APLD is traded in USD, while MKA.L is traded in GBp. To make them comparable, the MKA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, APLD achieves a 74.14% return, which is significantly higher than MKA.L's -8.16% return.
APLD
- 1D
- 2.97%
- 1M
- -6.11%
- YTD
- 74.14%
- 6M
- 53.27%
- 1Y
- 241.33%
- 3Y*
- 69.23%
- 5Y*
- 112.30%
- 10Y*
- 125.13%
MKA.L
- 1D
- 1.98%
- 1M
- -5.57%
- YTD
- -8.16%
- 6M
- -17.32%
- 1Y
- 155.84%
- 3Y*
- 60.60%
- 5Y*
- 5.78%
- 10Y*
- —
APLD vs. MKA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APLD Applied Digital Corporation | 74.14% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -34.55% | 64.99% | -33.33% |
MKA.L Mkango Resources Ltd | -8.16% | 529.04% | -32.02% | -1.17% | -64.71% | 75.54% | 109.72% | 4.01% | 11.91% | 144.31% |
Correlation
The correlation between APLD and MKA.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016 | 0.07 |
The correlation between APLD and MKA.L shifts across timeframes, from 0.07 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
APLD:
$11.60B
MKA.L:
£149.39M
APLD:
-$0.72
MKA.L:
-$0.04
APLD:
28.94
MKA.L:
3.72K
APLD:
$390.57M
MKA.L:
$50.78K
APLD:
$124.93M
MKA.L:
-$544.15K
APLD:
-$154.66M
MKA.L:
-$17.87M
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Return for Risk
APLD vs. MKA.L — Risk / Return Rank
APLD
MKA.L
APLD vs. MKA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Digital Corporation (APLD) and Mkango Resources Ltd (MKA.L). 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.
| APLD | MKA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.00 | +1.82 |
| Martin ratioReturn relative to average drawdown | 11.72 | 6.16 | +5.55 |
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Drawdowns
APLD vs. MKA.L - Drawdown Comparison
The maximum APLD drawdown since its inception was -99.73%, which is greater than MKA.L's maximum drawdown of -89.22%. Use the drawdown chart below to compare losses from any high point for APLD and MKA.L.
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Drawdown Indicators
| APLD | MKA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.73% | -89.22% | -10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -50.31% | -51.55% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -76.66% | -66.46% | -10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -82.61% | -89.22% | +6.61% |
Max Drawdown (10Y)Largest decline over 10 years | -89.80% | -89.22% | -0.58% |
Current DrawdownCurrent decline from peak | -14.00% | -37.46% | +23.46% |
Average DrawdownAverage peak-to-trough decline | -74.86% | -45.43% | -29.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.22% | 25.19% | -3.97% |
Volatility
APLD vs. MKA.L - Volatility Comparison
Applied Digital Corporation (APLD) has a higher volatility of 33.15% compared to Mkango Resources Ltd (MKA.L) at 22.41%. This indicates that APLD's price experiences larger fluctuations and is considered to be riskier than MKA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APLD | MKA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.15% | 22.41% | +10.74% |
Volatility (6M)Calculated over the trailing 6-month period | 80.49% | 48.66% | +31.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.13% | 94.99% | +12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.20% | 77.90% | +87.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.46% | 96.82% | +204.64% |
Dividends
APLD vs. MKA.L - Dividend Comparison
Neither APLD nor MKA.L has paid dividends to shareholders.
Financials
APLD vs. MKA.L - Financials Comparison
This section allows you to compare key financial metrics between Applied Digital Corporation and Mkango Resources Ltd. 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
Frequently Asked Questions
APLD and MKA.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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