AREC vs. NB
AREC (American Resources Corporation) and NB (NioCorp Developments Ltd. Common Stock) are both stocks. Both are in the Basic Materials sector — AREC in Coking Coal, NB in Other Industrial Metals & Mining. Over the past 3 years, AREC returned 6.33%/yr vs 1.92%/yr for NB. At a 0.23 correlation, their price movements are largely independent.
Performance
AREC vs. NB - Performance Comparison
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Returns By Period
In the year-to-date period, AREC achieves a -13.71% return, which is significantly lower than NB's 1.89% return.
AREC
- 1D
- -1.38%
- 1M
- -8.15%
- YTD
- -13.71%
- 6M
- -16.73%
- 1Y
- 174.01%
- 3Y*
- 6.33%
- 5Y*
- -5.57%
- 10Y*
- —
NB
- 1D
- -0.37%
- 1M
- -9.24%
- YTD
- 1.89%
- 6M
- -12.62%
- 1Y
- 92.17%
- 3Y*
- 1.92%
- 5Y*
- —
- 10Y*
- —
AREC vs. NB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AREC American Resources Corporation | -13.71% | 145.54% | -32.21% | 17.32% |
NB NioCorp Developments Ltd. Common Stock | 1.89% | 241.94% | -51.41% | -57.47% |
Correlation
The correlation between AREC and NB is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023 | 0.23 |
Over the past year, AREC and NB have become more correlated (0.54) than their long-term average of 0.23, meaning their price movements have been converging.
Fundamentals
AREC:
-$0.45
NB:
-$0.52
AREC:
$145.03K
NB:
$0.00
AREC:
$140.16K
NB:
-$1.00K
AREC:
-$22.47M
NB:
-$54.65M
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Return for Risk
AREC vs. NB — Risk / Return Rank
AREC
NB
AREC vs. NB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Resources Corporation (AREC) and NioCorp Developments Ltd. Common Stock (NB). 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.
| AREC | NB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.45 | +1.00 |
| Martin ratioReturn relative to average drawdown | 3.66 | 2.24 | +1.42 |
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Drawdowns
AREC vs. NB - Drawdown Comparison
The maximum AREC drawdown since its inception was -97.12%, which is greater than NB's maximum drawdown of -82.83%. Use the drawdown chart below to compare losses from any high point for AREC and NB.
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Drawdown Indicators
| AREC | NB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.12% | -82.83% | -14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -71.51% | -64.10% | -7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -80.42% | -75.24% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -88.07% | — | — |
Current DrawdownCurrent decline from peak | -84.71% | -53.73% | -30.98% |
Average DrawdownAverage peak-to-trough decline | -79.71% | -55.96% | -23.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.72% | 41.32% | +6.40% |
Volatility
AREC vs. NB - Volatility Comparison
American Resources Corporation (AREC) has a higher volatility of 31.24% compared to NioCorp Developments Ltd. Common Stock (NB) at 27.41%. This indicates that AREC's price experiences larger fluctuations and is considered to be riskier than NB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AREC | NB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.24% | 27.41% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 73.00% | 66.56% | +6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.65% | 109.28% | +25.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.04% | 91.82% | +15.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 737.25% | 91.82% | +645.43% |
Dividends
AREC vs. NB - Dividend Comparison
Neither AREC nor NB has paid dividends to shareholders.
Financials
AREC vs. NB - Financials Comparison
This section allows you to compare key financial metrics between American Resources Corporation and NioCorp Developments Ltd. Common Stock. 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
AREC and NB have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AREC has higher volatility (31.24%) compared to NB (27.41%). In terms of maximum drawdown, AREC dropped -97.12% vs NB's -82.83%.
AREC currently has the higher Sharpe Ratio (1.30 vs 0.85), 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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