MERC vs. ATEN
MERC (Mercer International Inc.) and ATEN (A10 Networks, Inc.) are both stocks. MERC operates in Paper & Paper Products (Basic Materials), while ATEN operates in Software - Infrastructure (Technology). Over the past 10 years, MERC returned -19.69%/yr vs 14.84%/yr for ATEN. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
MERC vs. ATEN - Performance Comparison
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Returns By Period
In the year-to-date period, MERC achieves a -68.08% return, which is significantly lower than ATEN's 68.01% return. Over the past 10 years, MERC has underperformed ATEN with an annualized return of -19.69%, while ATEN has yielded a comparatively higher 14.84% annualized return.
MERC
- 1D
- 7.10%
- 1M
- -18.97%
- 6M
- -68.87%
- YTD
- -68.08%
- 1Y
- -79.07%
- 3Y*
- -57.10%
- 5Y*
- -42.54%
- 10Y*
- -19.69%
- ALL TIME*
- -5.94%
ATEN
- 1D
- -1.27%
- 1M
- -18.54%
- 6M
- 70.42%
- YTD
- 68.01%
- 1Y
- 68.60%
- 3Y*
- 24.97%
- 5Y*
- 19.93%
- 10Y*
- 14.84%
- ALL TIME*
- 6.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.04M | $43.58M | $38.84M | |
| $246.71K | $447.39K | $471.04K |
MERC vs. ATEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MERC Mercer International Inc. | -68.08% | -68.51% | -28.65% | -15.71% | -0.59% | 19.46% | -12.81% | 22.62% | -24.32% | 39.65% |
ATEN A10 Networks, Inc. | 68.01% | -2.59% | 42.08% | -19.43% | 1.70% | 68.66% | 43.52% | 10.10% | -19.17% | -7.10% |
Correlation
The correlation between MERC and ATEN is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014 | 0.22 |
The correlation between MERC and ATEN shifts across timeframes, from 0.06 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MERC:
$42.33M
ATEN:
$2.13B
MERC:
-$11.82
ATEN:
$0.61
MERC:
0.02
ATEN:
7.20
MERC:
$1.85B
ATEN:
$299.42M
MERC:
-$64.63M
ATEN:
$237.54M
MERC:
-$73.03M
ATEN:
$67.78M
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Return for Risk
MERC vs. ATEN — Risk / Return Rank
MERC
ATEN
MERC vs. ATEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercer International Inc. (MERC) and A10 Networks, Inc. (ATEN). 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.
| MERC | ATEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.76 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.30 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.56 | -3.56 |
| Martin ratioReturn relative to average drawdown | -1.61 | 11.45 | -13.06 |
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Drawdowns
MERC vs. ATEN - Drawdown Comparison
The maximum MERC drawdown since its inception was -99.05%, which is greater than ATEN's maximum drawdown of -78.29%. Use the drawdown chart below to compare losses from any high point for MERC and ATEN.
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Drawdown Indicators
| MERC | ATEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.05% | -78.29% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -83.55% | -24.48% | -59.07% |
Max Drawdown (3Y)Largest decline over 3 years | -94.64% | -32.10% | -62.54% |
Max Drawdown (5Y)Largest decline over 5 years | -96.43% | -43.87% | -52.56% |
Max Drawdown (10Y)Largest decline over 10 years | -96.43% | -67.32% | -29.11% |
Current DrawdownCurrent decline from peak | -96.74% | -22.41% | -74.33% |
Average DrawdownAverage peak-to-trough decline | -61.30% | -39.80% | -21.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.47% | 5.48% | +49.99% |
Volatility
MERC vs. ATEN - Volatility Comparison
Mercer International Inc. (MERC) has a higher volatility of 34.02% compared to A10 Networks, Inc. (ATEN) at 13.85%. This indicates that MERC's price experiences larger fluctuations and is considered to be riskier than ATEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MERC | ATEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.02% | 13.85% | +20.17% |
Volatility (6M)Calculated over the trailing 6-month period | 62.15% | 28.85% | +33.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.20% | 34.95% | +45.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.70% | 42.28% | +12.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.57% | 43.27% | +6.30% |
Dividends
MERC vs. ATEN - Dividend Comparison
MERC has not paid dividends to shareholders, while ATEN's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATEN A10 Networks, Inc. | 0.81% | 1.36% | 1.30% | 1.82% | 1.26% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MERC Mercer International Inc. | 0.00% | 7.58% | 4.62% | 3.16% | 2.58% | 2.17% | 3.24% | 4.37% | 4.79% | 3.29% | 4.32% | 2.54% |
Financials
MERC vs. ATEN - Financials Comparison
This section allows you to compare key financial metrics between Mercer International Inc. and A10 Networks, 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
MERC vs. ATEN - Profitability Comparison
MERC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mercer International Inc. reported a gross profit of 0.00 and revenue of 489.30M. Therefore, the gross margin over that period was 0.0%.
ATEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, A10 Networks, Inc. reported a gross profit of 59.72M and revenue of 75.00M. Therefore, the gross margin over that period was 79.6%.
MERC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mercer International Inc. reported an operating income of -32.89M and revenue of 489.30M, resulting in an operating margin of -6.7%.
ATEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, A10 Networks, Inc. reported an operating income of 13.00M and revenue of 75.00M, resulting in an operating margin of 17.3%.
MERC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mercer International Inc. reported a net income of -52.00M and revenue of 489.30M, resulting in a net margin of -10.6%.
ATEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, A10 Networks, Inc. reported a net income of 12.03M and revenue of 75.00M, resulting in a net margin of 16.0%.
Frequently Asked Questions
MERC and ATEN have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MERC has higher volatility (34.02%) compared to ATEN (13.85%). In terms of maximum drawdown, MERC dropped -99.05% vs ATEN's -78.29%.
ATEN currently has the higher Sharpe Ratio (1.80 vs -1.04), 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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