CETX vs. BYRN

Last updated Jun 3, 2026

CETX (Cemtrex Inc) and BYRN (Byrna Technologies Inc.) are both stocks. CETX operates in Software - Infrastructure (Technology), while BYRN operates in Aerospace & Defense (Industrials). Over the past 10 years, CETX returned -81.86%/yr vs 9.99%/yr for BYRN. At a 0.10 correlation, their price movements are largely independent.

Performance

CETX vs. BYRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cemtrex Inc (CETX) and Byrna Technologies Inc. (BYRN). 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 CETX having a -64.05% return and BYRN slightly higher at -62.95%. Over the past 10 years, CETX has underperformed BYRN with an annualized return of -81.86%, while BYRN has yielded a comparatively higher 9.99% annualized return.

CETX

• 1D: -3.34%
• 1M: -15.36%
• YTD: -64.05%
• 6M: -66.87%
• 1Y: -93.79%
• 3Y*: -98.55%
• 5Y*: -94.31%
• 10Y*: -81.86%

BYRN

• 1D: 1.14%
• 1M: 8.17%
• YTD: -62.95%
• 6M: -65.62%
• 1Y: -77.22%
• 3Y*: 8.28%
• 5Y*: -23.38%
• 10Y*: 9.99%

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

CETX vs. BYRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CETX Cemtrex Inc	-64.05%	-94.03%	-99.97%	15.72%	-84.91%	-39.27%	3.85%	-71.70%	-77.47%	-65.25%
BYRN Byrna Technologies Inc.	-62.95%	-41.72%	350.86%	-18.49%	-41.27%	-7.93%	663.16%	26.67%	7.14%	-30.00%

Correlation

The correlation between CETX and BYRN is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jun 26, 2015	0.10

The correlation between CETX and BYRN shifts across timeframes, from 0.10 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CETX : $9.53M BYRN : $148.22M
EPS CETX : -$7.85 BYRN : $0.37
PS Ratio CETX : 0.05 BYRN : 1.23
PB Ratio CETX : 0.27 BYRN : 2.23
Total Revenue (TTM) CETX : $69.69M BYRN : $120.98M
Gross Profit (TTM) CETX : $25.53M BYRN : $72.95M
EBITDA (TTM) CETX : -$10.17M BYRN : $12.75M

Return for Risk

CETX vs. BYRN — Risk / Return Rank

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

CETX

CETX Risk / Return Rank: 10
CETX Sharpe Ratio Rank: 19
CETX Sortino Ratio Rank: 7
CETX Omega Ratio Rank: 9
CETX Calmar Ratio Rank: 3
CETX Martin Ratio Rank: 12

BYRN

BYRN Risk / Return Rank: 4
BYRN Sharpe Ratio Rank: 4
BYRN Sortino Ratio Rank: 2
BYRN Omega Ratio Rank: 3
BYRN Calmar Ratio Rank: 6
BYRN Martin Ratio Rank: 6

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.

CETX vs. BYRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cemtrex Inc (CETX) and Byrna Technologies Inc. (BYRN). 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.

	CETX	BYRN	Difference
Sharpe ratio Return per unit of total volatility	-0.48	-1.02	+0.53
Sortino ratio Return per unit of downside risk	-1.32	-2.02	+0.69
Omega ratio Gain probability vs. loss probability	0.85	0.75	+0.11
Calmar ratio Return relative to maximum drawdown	-0.96	-0.90	-0.06
Martin ratio Return relative to average drawdown	-1.26	-1.44	+0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CETX vs. BYRN - Sharpe Ratio Comparison

The current CETX Sharpe Ratio is -0.48, which is higher than the BYRN Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of CETX and BYRN, 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

	CETX	BYRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	-1.02	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.66	-0.32	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.59	0.11	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	0.04	-0.63

Drawdowns

CETX vs. BYRN - Drawdown Comparison

The maximum CETX drawdown since its inception was -100.00%, which is greater than BYRN's maximum drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for CETX and BYRN.

Drawdown Indicators

	CETX	BYRN	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-92.51%	-7.49%
Max Drawdown (1Y) Largest decline over 1 year	-97.47%	-85.22%	-12.25%
Max Drawdown (3Y) Largest decline over 3 years	-100.00%	-85.49%	-14.51%
Max Drawdown (5Y) Largest decline over 5 years	-100.00%	-92.51%	-7.49%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-92.51%	-7.49%
Current Drawdown Current decline from peak	-100.00%	-81.81%	-18.19%
Average Drawdown Average peak-to-trough decline	-83.25%	-52.31%	-30.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.04%	53.22%	+20.82%

Volatility

CETX vs. BYRN - Volatility Comparison

Cemtrex Inc (CETX) has a higher volatility of 25.67% compared to Byrna Technologies Inc. (BYRN) at 17.08%. This indicates that CETX's price experiences larger fluctuations and is considered to be riskier than BYRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CETX	BYRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.67%	17.08%	+8.59%
Volatility (6M) Calculated over the trailing 6-month period	143.99%	59.29%	+84.70%
Volatility (1Y) Calculated over the trailing 1-year period	194.41%	76.09%	+118.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.65%	73.13%	+69.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.41%	95.30%	+44.11%

Dividends

CETX vs. BYRN - Dividend Comparison

Neither CETX nor BYRN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BYRN Byrna Technologies Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CETX Cemtrex Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.78%

Financials

CETX vs. BYRN - Profitability Comparison

The chart below illustrates the profitability comparison between Cemtrex Inc and Byrna Technologies Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CETX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cemtrex Inc reported a gross profit of 6.85M and revenue of 18.06M. Therefore, the gross margin over that period was 37.9%.

BYRN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a gross profit of 17.40M and revenue of 29.05M. Therefore, the gross margin over that period was 59.9%.

CETX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cemtrex Inc reported an operating income of -2.17M and revenue of 18.06M, resulting in an operating margin of -12.0%.

BYRN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported an operating income of 928.00K and revenue of 29.05M, resulting in an operating margin of 3.2%.

CETX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cemtrex Inc reported a net income of 907.05K and revenue of 18.06M, resulting in a net margin of 5.0%.

BYRN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a net income of 801.00K and revenue of 29.05M, resulting in a net margin of 2.8%.

Frequently Asked Questions

Can I hold both CETX and BYRN in my portfolio?

CETX and BYRN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CETX or BYRN?

CETX has higher volatility (25.67%) compared to BYRN (17.08%). In terms of maximum drawdown, CETX dropped -100.00% vs BYRN's -92.51%.

Which has better risk-adjusted returns?

CETX currently has the higher Sharpe Ratio (-0.48 vs -1.02), 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.