AXON vs. LMN.V

Last updated Jun 13, 2026

AXON (Axon Enterprise, Inc.) and LMN.V (Lumine Group Inc) are both stocks. AXON operates in Aerospace & Defense (Industrials), while LMN.V operates in Software - Application (Technology). Over the past 3 years, AXON returned 30.96%/yr vs 6.58%/yr for LMN.V. At a 0.18 correlation, their price movements are largely independent.

Performance

AXON vs. LMN.V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axon Enterprise, Inc. (AXON) and Lumine Group Inc (LMN.V). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AXON is traded in USD, while LMN.V is traded in CAD. To make them comparable, the LMN.V values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AXON achieves a -22.22% return, which is significantly lower than LMN.V's -15.80% return.

AXON

• 1D: -1.00%
• 1M: 17.23%
• YTD: -22.22%
• 6M: -21.72%
• 1Y: -43.02%
• 3Y*: 30.96%
• 5Y*: 22.92%
• 10Y*: 34.58%

LMN.V

• 1D: 0.75%
• 1M: 14.68%
• YTD: -15.80%
• 6M: -18.48%
• 1Y: -50.33%
• 3Y*: 6.58%
• 5Y*: —
• 10Y*: —

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

AXON vs. LMN.V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AXON Axon Enterprise, Inc.	-22.22%	-4.44%	130.06%	19.75%
LMN.V Lumine Group Inc	-15.80%	-30.87%	26.85%	90.78%

Correlation

The correlation between AXON and LMN.V is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023	0.18

Fundamentals

Market Cap AXON : $36.43B LMN.V : CA$5.99B
EPS AXON : $2.41 LMN.V : $0.48
PE Ratio AXON : 183.64 LMN.V : 35.07
PEG Ratio AXON : 0.05 LMN.V : 7.63
PS Ratio AXON : 12.70 LMN.V : 5.18
PB Ratio AXON : 10.31 LMN.V : 5.16
Total Revenue (TTM) AXON : $2.98B LMN.V : $792.89M
Gross Profit (TTM) AXON : $1.77B LMN.V : $271.95M
EBITDA (TTM) AXON : $156.24M LMN.V : $253.96M

Return for Risk

AXON vs. LMN.V — Risk / Return Rank

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

AXON

AXON Risk / Return Rank: 13
AXON Sharpe Ratio Rank: 11
AXON Sortino Ratio Rank: 12
AXON Omega Ratio Rank: 12
AXON Calmar Ratio Rank: 16
AXON Martin Ratio Rank: 15

LMN.V

LMN.V Risk / Return Rank: 11
LMN.V Sharpe Ratio Rank: 7
LMN.V Sortino Ratio Rank: 6
LMN.V Omega Ratio Rank: 8
LMN.V Calmar Ratio Rank: 15
LMN.V Martin Ratio Rank: 20

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.

AXON vs. LMN.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Lumine Group Inc (LMN.V). 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.

	AXON	LMN.V	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-0.95	+0.17
Sortino ratio: Return per unit of downside risk	-1.04	-1.61	+0.57
Omega ratio: Gain probability vs. loss probability	0.87	0.83	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.76	+0.04
Martin ratio: Return relative to average drawdown	-1.22	-1.09	-0.13

AXON vs. LMN.V - Sharpe Ratio Comparison

The current AXON Sharpe Ratio is -0.78, which is comparable to the LMN.V Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of AXON and LMN.V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AXON vs. LMN.V - Drawdown Comparison

The maximum AXON drawdown since its inception was -91.78%, which is greater than LMN.V's maximum drawdown of -66.63%. Use the drawdown chart below to compare losses from any high point for AXON and LMN.V.

Drawdown Indicators

	AXON	LMN.V	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	-66.63%	-25.15%
Max Drawdown (1Y) Largest decline over 1 year	-60.28%	-66.63%	+6.35%
Max Drawdown (3Y) Largest decline over 3 years	-60.28%	-66.63%	+6.35%
Max Drawdown (5Y) Largest decline over 5 years	-60.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.28%	—	—
Current Drawdown Current decline from peak	-49.28%	-58.05%	+8.77%
Average Drawdown Average peak-to-trough decline	-43.60%	-18.14%	-25.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.34%	46.16%	-10.82%

Volatility

AXON vs. LMN.V - Volatility Comparison

Axon Enterprise, Inc. (AXON) has a higher volatility of 17.73% compared to Lumine Group Inc (LMN.V) at 12.52%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than LMN.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXON	LMN.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.73%	12.52%	+5.21%
Volatility (6M) Calculated over the trailing 6-month period	44.20%	39.07%	+5.13%
Volatility (1Y) Calculated over the trailing 1-year period	55.66%	53.20%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.94%	45.29%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.18%	45.29%	+3.89%

Dividends

AXON vs. LMN.V - Dividend Comparison

Neither AXON nor LMN.V has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AXON vs. LMN.V - Profitability Comparison

The chart below illustrates the profitability comparison between Axon Enterprise, Inc. and Lumine Group Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AXON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.

LMN.V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lumine Group Inc reported a gross profit of 43.76M and revenue of 204.93M. Therefore, the gross margin over that period was 21.4%.

AXON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.

LMN.V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lumine Group Inc reported an operating income of 28.74M and revenue of 204.93M, resulting in an operating margin of 14.0%.

AXON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.

LMN.V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lumine Group Inc reported a net income of 18.70M and revenue of 204.93M, resulting in a net margin of 9.1%.

Frequently Asked Questions

Can I hold both AXON and LMN.V in my portfolio?

AXON and LMN.V have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.