CIEN vs. PPTA
CIEN (Ciena Corporation) and PPTA (Perpetua Resources Corp) are both stocks. CIEN operates in Communication Equipment (Technology), while PPTA operates in Other Precious Metals & Mining (Basic Materials). Over the past 5 years, CIEN returned 49.92%/yr vs 22.85%/yr for PPTA. At a 0.22 correlation, their price movements are largely independent.
Performance
CIEN vs. PPTA - Performance Comparison
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Returns By Period
In the year-to-date period, CIEN achieves a 90.70% return, which is significantly higher than PPTA's -0.50% return.
CIEN
- 1D
- 0.17%
- 1M
- -22.83%
- YTD
- 90.70%
- 6M
- 104.17%
- 1Y
- 501.62%
- 3Y*
- 119.10%
- 5Y*
- 49.92%
- 10Y*
- 35.80%
PPTA
- 1D
- 2.77%
- 1M
- -24.17%
- YTD
- -0.50%
- 6M
- -16.47%
- 1Y
- 83.61%
- 3Y*
- 77.19%
- 5Y*
- 22.85%
- 10Y*
- —
CIEN vs. PPTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CIEN Ciena Corporation | 90.70% | 175.76% | 88.42% | -11.71% | -33.77% | 39.41% |
PPTA Perpetua Resources Corp | -0.50% | 126.90% | 236.59% | 8.56% | -38.53% | -34.48% |
Correlation
The correlation between CIEN and PPTA is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2021 | 0.22 |
Fundamentals
CIEN:
$65.25B
PPTA:
$2.25B
CIEN:
$3.01
PPTA:
$1.22
CIEN:
148.07
PPTA:
19.69
CIEN:
22.56
PPTA:
2.61
CIEN:
$5.57B
PPTA:
$0.00
CIEN:
$2.40B
PPTA:
$0.00
CIEN:
$670.55M
PPTA:
$0.00
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Return for Risk
CIEN vs. PPTA — Risk / Return Rank
CIEN
PPTA
CIEN vs. PPTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ciena Corporation (CIEN) and Perpetua Resources Corp (PPTA). 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.
| CIEN | PPTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.22 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 16.49 | 1.97 | +14.52 |
| Martin ratioReturn relative to average drawdown | 76.44 | 5.23 | +71.21 |
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Drawdowns
CIEN vs. PPTA - Drawdown Comparison
The maximum CIEN drawdown since its inception was -99.51%, which is greater than PPTA's maximum drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for CIEN and PPTA.
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Drawdown Indicators
| CIEN | PPTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.51% | -81.78% | -17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -30.68% | -42.61% | +11.93% |
Max Drawdown (3Y)Largest decline over 3 years | -45.51% | -42.61% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -49.54% | -81.78% | +32.24% |
Max Drawdown (10Y)Largest decline over 10 years | -49.54% | — | — |
Current DrawdownCurrent decline from peak | -57.38% | -35.28% | -22.10% |
Average DrawdownAverage peak-to-trough decline | -87.08% | -38.70% | -48.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 16.04% | -9.43% |
Volatility
CIEN vs. PPTA - Volatility Comparison
Ciena Corporation (CIEN) and Perpetua Resources Corp (PPTA) have volatilities of 24.81% and 25.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIEN | PPTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.81% | 25.93% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 56.12% | 56.52% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.74% | 75.66% | -8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.55% | 72.00% | -23.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.35% | 72.22% | -27.87% |
Dividends
CIEN vs. PPTA - Dividend Comparison
Neither CIEN nor PPTA has paid dividends to shareholders.
Financials
CIEN vs. PPTA - Financials Comparison
This section allows you to compare key financial metrics between Ciena Corporation and Perpetua Resources Corp. 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
CIEN and PPTA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPTA has higher volatility (25.93%) compared to CIEN (24.81%). In terms of maximum drawdown, CIEN dropped -99.51% vs PPTA's -81.78%.
CIEN currently has the higher Sharpe Ratio (7.58 vs 1.16), 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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