AS vs. NGD

Last updated Jun 13, 2026

AS (Amer Sports, Inc) and NGD (New Gold Inc.) are both stocks. AS operates in Leisure (Consumer Cyclical), while NGD operates in Gold (Basic Materials). At a 0.13 correlation, their price movements are largely independent.

Performance

AS vs. NGD - Performance Comparison

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

Returns By Period

AS

• 1D: -0.39%
• 1M: 8.18%
• YTD: -5.06%
• 6M: -7.56%
• 1Y: -5.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NGD

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

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

AS vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AS Amer Sports, Inc	-5.06%	33.58%	108.66%
NGD New Gold Inc.	4.25%	251.21%	103.28%

Correlation

The correlation between AS and NGD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.13

Fundamentals

EPS AS : $0.81 NGD : $1.61
PE Ratio AS : 43.81 NGD : 5.64
PEG Ratio AS : 0.11 NGD : 0.01
PS Ratio AS : 2.85 NGD : 3.30
Total Revenue (TTM) AS : $7.04B NGD : $1.46B
Gross Profit (TTM) AS : $4.10B NGD : $758.26M
EBITDA (TTM) AS : $1.02B NGD : $1.19B

Return for Risk

AS vs. NGD — Risk / Return Rank

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

AS

AS Risk / Return Rank: 36
AS Sharpe Ratio Rank: 38
AS Sortino Ratio Rank: 34
AS Omega Ratio Rank: 34
AS Calmar Ratio Rank: 37
AS Martin Ratio Rank: 37

NGD

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

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.

AS vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) 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.

	AS	NGD	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	—	—
Sortino ratio: Return per unit of downside risk	0.11	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.18	—	—
Martin ratio: Return relative to average drawdown	-0.36	—	—

Drawdowns

Drawdown Indicators

	AS	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.78%	—	—
Current Drawdown Current decline from peak	-15.49%	—	—
Average Drawdown Average peak-to-trough decline	-13.29%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	14.56%	—	—

Volatility

Volatility by Period

	AS	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.31%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.55%	—	—

Dividends

AS vs. NGD - Dividend Comparison

Neither AS nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AS and NGD in my portfolio?

AS and NGD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.