Correlation
The correlation between MNMD and GOOG is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
MNMD vs. GOOG
Compare and contrast key facts about Mind Medicine (MindMed) Inc. (MNMD) and Alphabet Inc (GOOG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNMD or GOOG.
Performance
MNMD vs. GOOG - Performance Comparison
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Key characteristics
MNMD:
-0.24
GOOG:
-0.07
MNMD:
0.34
GOOG:
0.15
MNMD:
1.04
GOOG:
1.02
MNMD:
-0.13
GOOG:
-0.05
MNMD:
-0.41
GOOG:
-0.10
MNMD:
28.85%
GOOG:
14.02%
MNMD:
78.42%
GOOG:
31.25%
MNMD:
-96.96%
GOOG:
-44.60%
MNMD:
-89.68%
GOOG:
-16.64%
Fundamentals
MNMD:
$540.21M
GOOG:
$2.10T
MNMD:
-$0.75
GOOG:
$8.96
MNMD:
0.00
GOOG:
5.85
MNMD:
2.42
GOOG:
6.11
MNMD:
$0.00
GOOG:
$359.71B
MNMD:
-$84.59M
GOOG:
$149.88B
Returns By Period
In the year-to-date period, MNMD achieves a 4.31% return, which is significantly higher than GOOG's -9.08% return.
MNMD
4.31%
15.24%
-12.11%
-18.52%
-17.89%
4.03%
N/A
GOOG
-9.08%
6.73%
1.48%
-2.04%
15.50%
19.45%
20.60%
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Risk-Adjusted Performance
MNMD vs. GOOG — Risk-Adjusted Performance Rank
MNMD
GOOG
MNMD vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mind Medicine (MindMed) Inc. (MNMD) and Alphabet Inc (GOOG). 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.
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Dividends
MNMD vs. GOOG - Dividend Comparison
MNMD has not paid dividends to shareholders, while GOOG's dividend yield for the trailing twelve months is around 0.46%.
| TTM | 2024 | |
|---|---|---|
MNMD Mind Medicine (MindMed) Inc. | 0.00% | 0.00% |
GOOG Alphabet Inc | 0.46% | 0.32% |
Drawdowns
MNMD vs. GOOG - Drawdown Comparison
The maximum MNMD drawdown since its inception was -96.96%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for MNMD and GOOG.
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Volatility
MNMD vs. GOOG - Volatility Comparison
Mind Medicine (MindMed) Inc. (MNMD) has a higher volatility of 19.36% compared to Alphabet Inc (GOOG) at 11.04%. This indicates that MNMD's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
MNMD vs. GOOG - Financials Comparison
This section allows you to compare key financial metrics between Mind Medicine (MindMed) Inc. and Alphabet 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