Correlation
The correlation between GRWG and MNMD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
GRWG vs. MNMD
Compare and contrast key facts about GrowGeneration Corp. (GRWG) and Mind Medicine (MindMed) Inc. (MNMD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GRWG or MNMD.
Performance
GRWG vs. MNMD - Performance Comparison
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Key characteristics
GRWG:
-0.87
MNMD:
-0.23
GRWG:
-1.37
MNMD:
0.31
GRWG:
0.85
MNMD:
1.04
GRWG:
-0.59
MNMD:
-0.14
GRWG:
-1.47
MNMD:
-0.45
GRWG:
39.31%
MNMD:
28.90%
GRWG:
65.73%
MNMD:
78.14%
GRWG:
-98.65%
MNMD:
-96.96%
GRWG:
-98.33%
MNMD:
-89.68%
Fundamentals
GRWG:
$64.26M
MNMD:
$548.52M
GRWG:
-$0.84
MNMD:
-$0.75
GRWG:
0.36
MNMD:
0.00
GRWG:
0.58
MNMD:
2.46
GRWG:
$176.68M
MNMD:
$0.00
GRWG:
-$31.09M
MNMD:
-$84.59M
Returns By Period
In the year-to-date period, GRWG achieves a -36.09% return, which is significantly lower than MNMD's 4.31% return.
GRWG
-36.09%
-5.26%
-44.33%
-57.31%
-40.59%
-30.39%
N/A
MNMD
4.31%
10.17%
-11.14%
-17.50%
-18.82%
4.03%
N/A
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Risk-Adjusted Performance
GRWG vs. MNMD — Risk-Adjusted Performance Rank
GRWG
MNMD
GRWG vs. MNMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GrowGeneration Corp. (GRWG) and Mind Medicine (MindMed) Inc. (MNMD). 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.
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Dividends
GRWG vs. MNMD - Dividend Comparison
Neither GRWG nor MNMD has paid dividends to shareholders.
Drawdowns
GRWG vs. MNMD - Drawdown Comparison
The maximum GRWG drawdown since its inception was -98.65%, roughly equal to the maximum MNMD drawdown of -96.96%. Use the drawdown chart below to compare losses from any high point for GRWG and MNMD.
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Volatility
GRWG vs. MNMD - Volatility Comparison
GrowGeneration Corp. (GRWG) has a higher volatility of 27.23% compared to Mind Medicine (MindMed) Inc. (MNMD) at 19.35%. This indicates that GRWG's price experiences larger fluctuations and is considered to be riskier than MNMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
GRWG vs. MNMD - Financials Comparison
This section allows you to compare key financial metrics between GrowGeneration Corp. and Mind Medicine (MindMed) 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