MITK vs. AMAT
MITK (Mitek Systems, Inc.) and AMAT (Applied Materials, Inc.) are both stocks. Both are in the Technology sector — MITK in Software - Application, AMAT in Semiconductor Equipment & Materials. Over the past 10 years, MITK returned 7.57%/yr vs 36.77%/yr for AMAT. At a 0.13 correlation, their price movements are largely independent.
Performance
MITK vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, MITK achieves a 53.36% return, which is significantly lower than AMAT's 95.35% return. Over the past 10 years, MITK has underperformed AMAT with an annualized return of 7.57%, while AMAT has yielded a comparatively higher 36.77% annualized return.
MITK
- 1D
- -7.91%
- 1M
- 6.03%
- YTD
- 53.36%
- 6M
- 75.11%
- 1Y
- 71.04%
- 3Y*
- 15.80%
- 5Y*
- -0.71%
- 10Y*
- 7.57%
AMAT
- 1D
- 2.19%
- 1M
- 28.11%
- YTD
- 95.35%
- 6M
- 86.88%
- 1Y
- 211.89%
- 3Y*
- 56.21%
- 5Y*
- 30.15%
- 10Y*
- 36.77%
MITK vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MITK Mitek Systems, Inc. | 53.36% | -5.21% | -14.65% | 34.57% | -45.41% | -0.17% | 132.42% | -29.23% | 20.78% | 45.53% |
AMAT Applied Materials, Inc. | 95.35% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between MITK and AMAT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 30, 1995 | 0.13 |
The correlation between MITK and AMAT shifts across timeframes, from 0.13 (all time) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MITK:
$785.30M
AMAT:
$400.12B
MITK:
$0.35
AMAT:
$10.61
MITK:
46.37
AMAT:
47.19
MITK:
1.08
AMAT:
6.01
MITK:
4.05
AMAT:
13.83
MITK:
3.28
AMAT:
16.73
MITK:
$189.59M
AMAT:
$29.02B
MITK:
$166.84M
AMAT:
$14.21B
MITK:
$43.01M
AMAT:
$9.92B
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Return for Risk
MITK vs. AMAT — Risk / Return Rank
MITK
AMAT
MITK vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitek Systems, Inc. (MITK) and Applied Materials, Inc. (AMAT). 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.
| MITK | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.59 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 9.98 | -6.02 |
| Martin ratioReturn relative to average drawdown | 8.99 | 28.53 | -19.54 |
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
| MITK | AMAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 4.63 | -3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.70 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.87 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.43 | -0.36 |
Drawdowns
MITK vs. AMAT - Drawdown Comparison
The maximum MITK drawdown since its inception was -99.67%, which is greater than AMAT's maximum drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for MITK and AMAT.
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Drawdown Indicators
| MITK | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -85.22% | -14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -18.01% | -21.37% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -52.06% | -49.88% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -69.13% | -55.14% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -69.13% | -55.14% | -13.99% |
Current DrawdownCurrent decline from peak | -29.74% | 0.00% | -29.74% |
Average DrawdownAverage peak-to-trough decline | -65.40% | -38.81% | -26.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 7.46% | +0.47% |
Volatility
MITK vs. AMAT - Volatility Comparison
Mitek Systems, Inc. (MITK) has a higher volatility of 16.44% compared to Applied Materials, Inc. (AMAT) at 15.12%. This indicates that MITK's price experiences larger fluctuations and is considered to be riskier than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MITK | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.44% | 15.12% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 35.27% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.21% | 46.10% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.28% | 43.57% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.14% | 42.61% | +4.53% |
Dividends
MITK vs. AMAT - Dividend Comparison
MITK has not paid dividends to shareholders, while AMAT's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.38% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
MITK Mitek Systems, 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% |
Financials
MITK vs. AMAT - Financials Comparison
This section allows you to compare key financial metrics between Mitek Systems, Inc. and Applied Materials, 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
MITK vs. AMAT - Profitability Comparison
MITK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mitek Systems, Inc. reported a gross profit of 54.81M and revenue of 54.84M. Therefore, the gross margin over that period was 99.9%.
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
MITK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mitek Systems, Inc. reported an operating income of 13.55M and revenue of 54.84M, resulting in an operating margin of 24.7%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
MITK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mitek Systems, Inc. reported a net income of 9.54M and revenue of 54.84M, resulting in a net margin of 17.4%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
Frequently Asked Questions
MITK and AMAT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MITK has higher volatility (16.44%) compared to AMAT (15.12%). In terms of maximum drawdown, MITK dropped -99.67% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (4.63 vs 1.45), 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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