CODA vs. MRCY
CODA (Coda Octopus Group, Inc.) and MRCY (Mercury Systems, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, CODA returned 17.86%/yr vs 14.20%/yr for MRCY. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
CODA vs. MRCY - Performance Comparison
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Returns By Period
In the year-to-date period, CODA achieves a 9.03% return, which is significantly lower than MRCY's 33.00% return. Over the past 10 years, CODA has outperformed MRCY with an annualized return of 17.86%, while MRCY has yielded a comparatively lower 14.20% annualized return.
CODA
- 1D
- -0.49%
- 1M
- 5.41%
- 6M
- -4.79%
- YTD
- 9.03%
- 1Y
- 41.23%
- 3Y*
- 7.03%
- 5Y*
- 2.39%
- 10Y*
- 17.86%
- ALL TIME*
- 11.48%
MRCY
- 1D
- 1.18%
- 1M
- -23.06%
- 6M
- 3.43%
- YTD
- 33.00%
- 1Y
- 86.12%
- 3Y*
- 36.79%
- 5Y*
- 8.03%
- 10Y*
- 14.20%
- ALL TIME*
- 10.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $808.23K | $911.57K | $1.44M | |
| $54.38M | $61.77M | $74.15M |
CODA vs. MRCY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODA Coda Octopus Group, Inc. | 9.03% | 18.77% | 30.07% | -12.24% | -14.25% | 27.19% | -24.85% | 43.81% | 21.96% | 94.00% |
MRCY Mercury Systems, Inc. | 33.00% | 73.83% | 14.85% | -18.26% | -18.74% | -37.47% | 27.42% | 46.14% | -7.91% | 69.92% |
Correlation
The correlation between CODA and MRCY is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2008 | 0.09 |
Over the past year, CODA and MRCY have become more correlated (0.33) than their long-term average of 0.09, meaning their price movements have been converging.
Fundamentals
CODA:
$114.39M
MRCY:
$5.83B
CODA:
$0.44
MRCY:
-$0.24
CODA:
4.09
MRCY:
5.96
CODA:
$27.95M
MRCY:
$966.95M
CODA:
$18.68M
MRCY:
$277.35M
CODA:
$7.80M
MRCY:
-$12.94M
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Return for Risk
CODA vs. MRCY — Risk / Return Rank
CODA
MRCY
CODA vs. MRCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coda Octopus Group, Inc. (CODA) and Mercury Systems, Inc. (MRCY). 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.
| CODA | MRCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.64 | -1.84 |
| Martin ratioReturn relative to average drawdown | 1.64 | 6.05 | -4.41 |
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Drawdowns
CODA vs. MRCY - Drawdown Comparison
The maximum CODA drawdown since its inception was -99.44%, roughly equal to the maximum MRCY drawdown of -95.95%. Use the drawdown chart below to compare losses from any high point for CODA and MRCY.
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Drawdown Indicators
| CODA | MRCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.44% | -95.95% | -3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -44.87% | -32.19% | -12.68% |
Max Drawdown (3Y)Largest decline over 3 years | -44.87% | -35.04% | -9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -50.14% | -62.43% | +12.29% |
Max Drawdown (10Y)Largest decline over 10 years | -76.78% | -71.73% | -5.05% |
Current DrawdownCurrent decline from peak | -46.55% | -23.06% | -23.49% |
Average DrawdownAverage peak-to-trough decline | -61.01% | -53.56% | -7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.03% | 14.03% | +8.00% |
Volatility
CODA vs. MRCY - Volatility Comparison
The current volatility for Coda Octopus Group, Inc. (CODA) is 8.06%, while Mercury Systems, Inc. (MRCY) has a volatility of 21.71%. This indicates that CODA experiences smaller price fluctuations and is considered to be less risky than MRCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CODA | MRCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 21.71% | -13.65% |
Volatility (6M)Calculated over the trailing 6-month period | 45.58% | 48.77% | -3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.99% | 61.26% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.57% | 47.46% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.31% | 44.75% | +19.56% |
Dividends
CODA vs. MRCY - Dividend Comparison
Neither CODA nor MRCY has paid dividends to shareholders.
Financials
CODA vs. MRCY - Financials Comparison
This section allows you to compare key financial metrics between Coda Octopus Group, Inc. and Mercury Systems, Inc.. 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
CODA vs. MRCY - Profitability Comparison
CODA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Coda Octopus Group, Inc. reported a gross profit of 4.58M and revenue of 6.90M. Therefore, the gross margin over that period was 66.3%.
MRCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mercury Systems, Inc. reported a gross profit of 69.05M and revenue of 235.76M. Therefore, the gross margin over that period was 29.3%.
CODA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Coda Octopus Group, Inc. reported an operating income of 1.79M and revenue of 6.90M, resulting in an operating margin of 26.0%.
MRCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mercury Systems, Inc. reported an operating income of 5.23M and revenue of 235.76M, resulting in an operating margin of 2.2%.
CODA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Coda Octopus Group, Inc. reported a net income of 1.70M and revenue of 6.90M, resulting in a net margin of 24.6%.
MRCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mercury Systems, Inc. reported a net income of -2.86M and revenue of 235.76M, resulting in a net margin of -1.2%.
Frequently Asked Questions
CODA and MRCY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRCY has higher volatility (21.71%) compared to CODA (8.06%). In terms of maximum drawdown, CODA dropped -99.44% vs MRCY's -95.95%.
MRCY currently has the higher Sharpe Ratio (1.39 vs 0.58), 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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