ELUT vs. PAR

Last updated Jun 4, 2026

ELUT (Elutia Inc.) and PAR (PAR Technology Corporation) are both stocks. ELUT operates in Medical Devices (Healthcare), while PAR operates in Software - Application (Technology). Over the past year, ELUT returned -48.96% vs -78.34% for PAR. At a 0.10 correlation, their price movements are largely independent.

Performance

ELUT vs. PAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elutia Inc. (ELUT) and PAR Technology Corporation (PAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELUT achieves a 42.93% return, which is significantly higher than PAR's -60.94% return.

ELUT

• 1D: -4.80%
• 1M: -1.97%
• YTD: 42.93%
• 6M: 53.38%
• 1Y: -48.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PAR

• 1D: -7.33%
• 1M: -1.12%
• YTD: -60.94%
• 6M: -59.54%
• 1Y: -78.34%
• 3Y*: -26.04%
• 5Y*: -26.22%
• 10Y*: 12.12%

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

ELUT vs. PAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ELUT Elutia Inc.	42.93%	-81.48%	73.15%	51.74%
PAR PAR Technology Corporation	-60.94%	-50.08%	66.90%	-3.54%

Correlation

The correlation between ELUT and PAR is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.10

Fundamentals

Market Cap ELUT : $42.57M PAR : $580.93M
EPS ELUT : $1.10 PAR : -$1.88
PS Ratio ELUT : 2.82 PAR : 1.21
PB Ratio ELUT : 1.89 PAR : 0.70
Total Revenue (TTM) ELUT : $15.97M PAR : $475.66M
Gross Profit (TTM) ELUT : $8.63M PAR : $190.78M
EBITDA (TTM) ELUT : -$17.57M PAR : -$33.08M

Return for Risk

ELUT vs. PAR — Risk / Return Rank

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

ELUT

ELUT Risk / Return Rank: 19
ELUT Sharpe Ratio Rank: 15
ELUT Sortino Ratio Rank: 17
ELUT Omega Ratio Rank: 19
ELUT Calmar Ratio Rank: 19
ELUT Martin Ratio Rank: 24

PAR

PAR Risk / Return Rank: 3
PAR Sharpe Ratio Rank: 2
PAR Sortino Ratio Rank: 1
PAR Omega Ratio Rank: 1
PAR Calmar Ratio Rank: 4
PAR Martin Ratio Rank: 7

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.

ELUT vs. PAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elutia Inc. (ELUT) and PAR Technology Corporation (PAR). 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.

	ELUT	PAR	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-1.19	+0.58
Sortino ratio: Return per unit of downside risk	-0.63	-2.43	+1.80
Omega ratio: Gain probability vs. loss probability	0.93	0.69	+0.24
Calmar ratio: Return relative to maximum drawdown	-0.62	-0.94	+0.32
Martin ratio: Return relative to average drawdown	-0.92	-1.42	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELUT vs. PAR - Sharpe Ratio Comparison

The current ELUT Sharpe Ratio is -0.60, which is higher than the PAR Sharpe Ratio of -1.19. The chart below compares the historical Sharpe Ratios of ELUT and PAR, 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

	ELUT	PAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.60	-1.19	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.06	-0.20

Drawdowns

ELUT vs. PAR - Drawdown Comparison

The maximum ELUT drawdown since its inception was -89.82%, roughly equal to the maximum PAR drawdown of -90.88%. Use the drawdown chart below to compare losses from any high point for ELUT and PAR.

Drawdown Indicators

	ELUT	PAR	Difference
Max Drawdown Largest peak-to-trough decline	-89.82%	-90.88%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	-79.47%	-83.41%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-85.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.68%	—
Current Drawdown Current decline from peak	-80.04%	-84.03%	+3.99%
Average Drawdown Average peak-to-trough decline	-43.03%	-53.34%	+10.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.52%	55.20%	-1.68%

Volatility

ELUT vs. PAR - Volatility Comparison

The current volatility for Elutia Inc. (ELUT) is 17.06%, while PAR Technology Corporation (PAR) has a volatility of 21.87%. This indicates that ELUT experiences smaller price fluctuations and is considered to be less risky than PAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELUT	PAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.06%	21.87%	-4.81%
Volatility (6M) Calculated over the trailing 6-month period	59.01%	57.91%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	82.00%	66.22%	+15.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.56%	55.14%	+34.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.56%	56.39%	+33.17%

Dividends

ELUT vs. PAR - Dividend Comparison

Neither ELUT nor PAR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ELUT Elutia Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PAR PAR Technology Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.01%

Financials

Frequently Asked Questions

Can I hold both ELUT and PAR in my portfolio?

ELUT and PAR have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELUT or PAR?

PAR has higher volatility (21.87%) compared to ELUT (17.06%). In terms of maximum drawdown, ELUT dropped -89.82% vs PAR's -90.88%.

Which has better risk-adjusted returns?

ELUT currently has the higher Sharpe Ratio (-0.60 vs -1.19), 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.