INVX vs. NOA
INVX (Innovex International, Inc) and NOA (North American Construction Group Ltd) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 10 years, INVX returned -8.12%/yr vs 18.36%/yr for NOA. At a 0.37 correlation, their price movements are largely independent.
Performance
INVX vs. NOA - Performance Comparison
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Returns By Period
In the year-to-date period, INVX achieves a 17.33% return, which is significantly higher than NOA's -4.32% return. Over the past 10 years, INVX has underperformed NOA with an annualized return of -8.12%, while NOA has yielded a comparatively higher 18.36% annualized return.
INVX
- 1D
- 0.35%
- 1M
- -14.61%
- YTD
- 17.33%
- 6M
- 16.42%
- 1Y
- 59.78%
- 3Y*
- 4.74%
- 5Y*
- -7.06%
- 10Y*
- -8.12%
NOA
- 1D
- 0.44%
- 1M
- -7.67%
- YTD
- -4.32%
- 6M
- -0.73%
- 1Y
- -20.67%
- 3Y*
- -10.21%
- 5Y*
- -2.31%
- 10Y*
- 18.36%
INVX vs. NOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INVX Innovex International, Inc | 17.33% | 56.55% | -39.97% | -14.35% | 38.06% | -33.56% | -36.86% | 56.21% | -37.04% | -20.57% |
NOA North American Construction Group Ltd | -4.32% | -31.98% | 5.16% | 58.49% | -9.78% | 54.32% | -17.24% | 37.27% | 81.63% | 30.91% |
Correlation
The correlation between INVX and NOA 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 | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2006 | 0.37 |
The correlation between INVX and NOA shifts across timeframes, from 0.30 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
INVX:
$1.77B
NOA:
$387.09M
INVX:
$0.75
NOA:
CA$1.09
INVX:
34.26
NOA:
17.59
INVX:
1.82
NOA:
0.46
INVX:
1.72
NOA:
1.15
INVX:
$976.87M
NOA:
CA$1.26B
INVX:
$280.46M
NOA:
CA$166.23M
INVX:
$157.28M
NOA:
CA$324.24M
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Return for Risk
INVX vs. NOA — Risk / Return Rank
INVX
NOA
INVX vs. NOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovex International, Inc (INVX) and North American Construction Group Ltd (NOA). 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.
| INVX | NOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.96 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | -0.73 | +4.09 |
| Martin ratioReturn relative to average drawdown | 8.02 | -1.46 | +9.48 |
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Drawdowns
INVX vs. NOA - Drawdown Comparison
The maximum INVX drawdown since its inception was -89.50%, roughly equal to the maximum NOA drawdown of -93.59%. Use the drawdown chart below to compare losses from any high point for INVX and NOA.
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Drawdown Indicators
| INVX | NOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.50% | -93.59% | +4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -28.32% | +10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -58.93% | -50.67% | -8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -68.88% | -50.67% | -18.21% |
Max Drawdown (10Y)Largest decline over 10 years | -81.31% | -68.41% | -12.90% |
Current DrawdownCurrent decline from peak | -78.51% | -43.94% | -34.57% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -55.65% | +10.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 17.00% | -9.49% |
Volatility
INVX vs. NOA - Volatility Comparison
Innovex International, Inc (INVX) has a higher volatility of 16.12% compared to North American Construction Group Ltd (NOA) at 9.92%. This indicates that INVX's price experiences larger fluctuations and is considered to be riskier than NOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVX | NOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.12% | 9.92% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 30.92% | 41.39% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.15% | 51.30% | -9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.43% | 41.85% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.68% | 45.91% | +0.77% |
Dividends
INVX vs. NOA - Dividend Comparison
INVX has not paid dividends to shareholders, while NOA's dividend yield for the trailing twelve months is around 2.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVX Innovex International, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOA North American Construction Group Ltd | 2.55% | 2.39% | 1.42% | 1.54% | 1.84% | 0.85% | 1.21% | 0.74% | 0.73% | 1.62% | 2.08% | 4.62% |
Financials
INVX vs. NOA - Financials Comparison
This section allows you to compare key financial metrics between Innovex International, Inc and North American Construction Group Ltd. 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
INVX vs. NOA - Profitability Comparison
INVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported a gross profit of 84.51M and revenue of 239.03M. Therefore, the gross margin over that period was 35.4%.
NOA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported a gross profit of 42.36M and revenue of 320.04M. Therefore, the gross margin over that period was 13.2%.
INVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported an operating income of -21.83M and revenue of 239.03M, resulting in an operating margin of -9.1%.
NOA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported an operating income of 21.87M and revenue of 320.04M, resulting in an operating margin of 6.8%.
INVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported a net income of -16.67M and revenue of 239.03M, resulting in a net margin of -7.0%.
NOA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, North American Construction Group Ltd reported a net income of 5.57M and revenue of 320.04M, resulting in a net margin of 1.7%.
Frequently Asked Questions
INVX and NOA 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.
INVX has higher volatility (16.12%) compared to NOA (9.92%). In terms of maximum drawdown, INVX dropped -89.50% vs NOA's -93.59%.
INVX currently has the higher Sharpe Ratio (1.43 vs -0.41), 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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