LNW vs. PSN
LNW (Light & Wonder Inc) and PSN (Parsons Corporation) are both stocks. LNW operates in Gambling (Consumer Cyclical), while PSN operates in Specialty Industrial Machinery (Industrials). Over the past 5 years, LNW returned 3.22%/yr vs 8.06%/yr for PSN. At a 0.31 correlation, their price movements are largely independent.
Performance
LNW vs. PSN - Performance Comparison
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Returns By Period
LNW
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.14%
- 3Y*
- 11.21%
- 5Y*
- 3.22%
- 10Y*
- 24.15%
PSN
- 1D
- -1.46%
- 1M
- 19.85%
- YTD
- -2.99%
- 6M
- -27.68%
- 1Y
- -11.50%
- 3Y*
- 9.25%
- 5Y*
- 8.06%
- 10Y*
- —
LNW vs. PSN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LNW Light & Wonder Inc | 0.00% | -0.19% | 5.20% | 40.12% | -12.31% | 61.07% | 54.93% | 19.18% |
PSN Parsons Corporation | -2.99% | -33.01% | 47.11% | 35.59% | 37.44% | -7.58% | -11.80% | 37.28% |
Correlation
The correlation between LNW and PSN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.31 |
The correlation between LNW and PSN shifts across timeframes, from 0.17 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
LNW:
$5.06
PSN:
$2.78
LNW:
17.04
PSN:
21.54
LNW:
0.07
PSN:
0.53
LNW:
2.17
PSN:
0.78
LNW:
$3.33B
PSN:
$6.30B
LNW:
$2.37B
PSN:
$1.08B
LNW:
$1.01B
PSN:
$507.45M
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Return for Risk
LNW vs. PSN — Risk / Return Rank
LNW
PSN
LNW vs. PSN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Light & Wonder Inc (LNW) and Parsons Corporation (PSN). 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.
| LNW | PSN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | -0.27 | +0.31 |
Sortino ratioReturn per unit of downside risk | 0.31 | -0.08 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.06 | 0.99 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.25 | -0.26 |
Martin ratioReturn relative to average drawdown | -0.87 | -0.49 | -0.39 |
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
| LNW | PSN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | -0.27 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.24 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.29 | -0.15 |
Drawdowns
LNW vs. PSN - Drawdown Comparison
The maximum LNW drawdown since its inception was -96.51%, which is greater than PSN's maximum drawdown of -56.99%. Use the drawdown chart below to compare losses from any high point for LNW and PSN.
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Drawdown Indicators
| LNW | PSN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.51% | -56.99% | -39.52% |
Max Drawdown (1Y)Largest decline over 1 year | -29.37% | -45.41% | +16.04% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -56.99% | +20.36% |
Max Drawdown (5Y)Largest decline over 5 years | -53.82% | -56.99% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -93.41% | — | — |
Current DrawdownCurrent decline from peak | -23.48% | -47.09% | +23.61% |
Average DrawdownAverage peak-to-trough decline | -53.15% | -16.62% | -36.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.57% | 23.63% | -4.06% |
Volatility
LNW vs. PSN - Volatility Comparison
The current volatility for Light & Wonder Inc (LNW) is 0.00%, while Parsons Corporation (PSN) has a volatility of 13.31%. This indicates that LNW experiences smaller price fluctuations and is considered to be less risky than PSN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LNW | PSN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 13.31% | -13.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.78% | 39.31% | -22.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.31% | 43.41% | -8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.49% | 33.38% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.47% | 34.97% | +26.50% |
Dividends
LNW vs. PSN - Dividend Comparison
Neither LNW nor PSN has paid dividends to shareholders.
Financials
LNW vs. PSN - Financials Comparison
This section allows you to compare key financial metrics between Light & Wonder Inc and Parsons Corporation. 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
LNW vs. PSN - Profitability Comparison
LNW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Light & Wonder Inc reported a gross profit of 0.00 and revenue of 790.00M. Therefore, the gross margin over that period was 0.0%.
PSN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Parsons Corporation reported a gross profit of 0.00 and revenue of 1.49B. Therefore, the gross margin over that period was 0.0%.
LNW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Light & Wonder Inc reported an operating income of 130.00M and revenue of 790.00M, resulting in an operating margin of 16.5%.
PSN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Parsons Corporation reported an operating income of 95.67M and revenue of 1.49B, resulting in an operating margin of 6.4%.
LNW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Light & Wonder Inc reported a net income of 52.00M and revenue of 790.00M, resulting in a net margin of 6.6%.
PSN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Parsons Corporation reported a net income of 52.93M and revenue of 1.49B, resulting in a net margin of 3.6%.
Frequently Asked Questions
LNW and PSN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSN has higher volatility (13.31%) compared to LNW (0.00%). In terms of maximum drawdown, LNW dropped -96.51% vs PSN's -56.99%.
LNW currently has the higher Sharpe Ratio (0.04 vs -0.27), 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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