LASR vs. LPTH
LASR (nLIGHT, Inc.) and LPTH (LightPath Technologies, Inc.) are both stocks. Both are in the Technology sector — LASR in Semiconductors, LPTH in Electronic Components. Over the past 5 years, LASR returned 21.36%/yr vs 43.96%/yr for LPTH. At a 0.24 correlation, their price movements are largely independent.
Performance
LASR vs. LPTH - Performance Comparison
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Returns By Period
In the year-to-date period, LASR achieves a 99.65% return, which is significantly higher than LPTH's 63.15% return.
LASR
- 1D
- -1.96%
- 1M
- 11.86%
- YTD
- 99.65%
- 6M
- 106.08%
- 1Y
- 332.89%
- 3Y*
- 75.02%
- 5Y*
- 21.36%
- 10Y*
- —
LPTH
- 1D
- 12.80%
- 1M
- 45.62%
- YTD
- 63.15%
- 6M
- 95.34%
- 1Y
- 507.59%
- 3Y*
- 128.34%
- 5Y*
- 43.96%
- 10Y*
- 24.95%
LASR vs. LPTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LASR nLIGHT, Inc. | 99.65% | 257.58% | -22.30% | 33.14% | -57.66% | -26.65% | 61.00% | 14.06% | -34.03% |
LPTH LightPath Technologies, Inc. | 63.15% | 205.95% | 180.16% | 3.28% | -50.00% | -37.76% | 440.69% | -51.34% | -27.32% |
Correlation
The correlation between LASR and LPTH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.24 |
Over the past year, LASR and LPTH have become more correlated (0.45) than their long-term average of 0.24, meaning their price movements have been converging.
Fundamentals
LASR:
$4.49B
LPTH:
$1.03B
LASR:
-$0.28
LPTH:
-$85.64K
LASR:
13.57
LPTH:
0.00
LASR:
10.46
LPTH:
0.00
LASR:
$289.84M
LPTH:
$19.15T
LASR:
$90.68M
LPTH:
$6.96T
LASR:
-$3.27M
LPTH:
-$4.25T
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Return for Risk
LASR vs. LPTH — Risk / Return Rank
LASR
LPTH
LASR vs. LPTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nLIGHT, Inc. (LASR) and LightPath Technologies, Inc. (LPTH). 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.
| LASR | LPTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.44 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 13.56 | 12.64 | +0.92 |
| Martin ratioReturn relative to average drawdown | 47.29 | 29.56 | +17.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LASR | LPTH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.38 | 4.50 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.53 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.03 | +0.17 |
Drawdowns
LASR vs. LPTH - Drawdown Comparison
The maximum LASR drawdown since its inception was -85.66%, smaller than the maximum LPTH drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for LASR and LPTH.
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Drawdown Indicators
| LASR | LPTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.66% | -99.65% | +13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -24.74% | -40.52% | +15.78% |
Max Drawdown (3Y)Largest decline over 3 years | -59.01% | -61.08% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -82.47% | -69.04% | -13.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.28% | — |
Current DrawdownCurrent decline from peak | -11.84% | -73.02% | +61.18% |
Average DrawdownAverage peak-to-trough decline | -52.77% | -86.32% | +33.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.08% | 17.28% | -10.20% |
Volatility
LASR vs. LPTH - Volatility Comparison
The current volatility for nLIGHT, Inc. (LASR) is 27.90%, while LightPath Technologies, Inc. (LPTH) has a volatility of 32.49%. This indicates that LASR experiences smaller price fluctuations and is considered to be less risky than LPTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LASR | LPTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.90% | 32.49% | -4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 58.65% | 81.28% | -22.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.72% | 113.79% | -37.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.93% | 83.34% | -18.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.21% | 79.30% | -13.09% |
Dividends
LASR vs. LPTH - Dividend Comparison
Neither LASR nor LPTH has paid dividends to shareholders.
Financials
LASR vs. LPTH - Financials Comparison
This section allows you to compare key financial metrics between nLIGHT, Inc. and LightPath Technologies, 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
LASR vs. LPTH - Profitability Comparison
LASR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported a gross profit of 26.51M and revenue of 80.18M. Therefore, the gross margin over that period was 33.1%.
LPTH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported a gross profit of 6.96T and revenue of 19.15T. Therefore, the gross margin over that period was 36.3%.
LASR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported an operating income of -719.00K and revenue of 80.18M, resulting in an operating margin of -0.9%.
LPTH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported an operating income of -4.25T and revenue of 19.15T, resulting in an operating margin of -22.2%.
LASR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported a net income of 645.00K and revenue of 80.18M, resulting in a net margin of 0.8%.
LPTH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported a net income of -4.11T and revenue of 19.15T, resulting in a net margin of -21.4%.
Frequently Asked Questions
LASR and LPTH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPTH has higher volatility (32.49%) compared to LASR (27.90%). In terms of maximum drawdown, LASR dropped -85.66% vs LPTH's -99.65%.
LPTH currently has the higher Sharpe Ratio (4.50 vs 4.38), 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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