Correlation
The correlation between MNMD and GRWG is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MNMD vs. GRWG
Compare and contrast key facts about Mind Medicine (MindMed) Inc. (MNMD) and GrowGeneration Corp. (GRWG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MNMD or GRWG.
Performance
MNMD vs. GRWG - Performance Comparison
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Key characteristics
MNMD:
-0.23
GRWG:
-0.87
MNMD:
0.31
GRWG:
-1.37
MNMD:
1.04
GRWG:
0.85
MNMD:
-0.14
GRWG:
-0.59
MNMD:
-0.45
GRWG:
-1.47
MNMD:
28.90%
GRWG:
39.31%
MNMD:
78.14%
GRWG:
65.73%
MNMD:
-96.96%
GRWG:
-98.65%
MNMD:
-89.68%
GRWG:
-98.33%
Fundamentals
MNMD:
$548.52M
GRWG:
$65.45M
MNMD:
-$0.75
GRWG:
-$0.84
MNMD:
0.00
GRWG:
0.37
MNMD:
2.46
GRWG:
0.59
MNMD:
$0.00
GRWG:
$176.68M
MNMD:
-$84.59M
GRWG:
-$31.09M
Returns By Period
In the year-to-date period, MNMD achieves a 4.31% return, which is significantly higher than GRWG's -36.09% return.
MNMD
4.31%
13.62%
-11.14%
-17.59%
-18.82%
4.03%
N/A
GRWG
-36.09%
-7.69%
-44.33%
-57.14%
-40.59%
-30.39%
N/A
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Risk-Adjusted Performance
MNMD vs. GRWG — Risk-Adjusted Performance Rank
MNMD
GRWG
MNMD vs. GRWG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mind Medicine (MindMed) Inc. (MNMD) and GrowGeneration Corp. (GRWG). 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. GRWG - Dividend Comparison
Neither MNMD nor GRWG has paid dividends to shareholders.
Drawdowns
MNMD vs. GRWG - Drawdown Comparison
The maximum MNMD drawdown since its inception was -96.96%, roughly equal to the maximum GRWG drawdown of -98.65%. Use the drawdown chart below to compare losses from any high point for MNMD and GRWG.
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Volatility
MNMD vs. GRWG - Volatility Comparison
The current volatility for Mind Medicine (MindMed) Inc. (MNMD) is 19.35%, while GrowGeneration Corp. (GRWG) has a volatility of 27.23%. This indicates that MNMD experiences smaller price fluctuations and is considered to be less risky than GRWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
MNMD vs. GRWG - Financials Comparison
This section allows you to compare key financial metrics between Mind Medicine (MindMed) Inc. and GrowGeneration Corp.. 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