NEXT vs. ADMA
NEXT (NextDecade Corporation) and ADMA (ADMA Biologics, Inc.) are both stocks. NEXT operates in Oil & Gas E&P (Energy), while ADMA operates in Biotechnology (Healthcare). Over the past 10 years, NEXT returned -3.97%/yr vs 2.89%/yr for ADMA. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
NEXT vs. ADMA - Performance Comparison
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Returns By Period
In the year-to-date period, NEXT achieves a 27.51% return, which is significantly higher than ADMA's -53.62% return. Over the past 10 years, NEXT has underperformed ADMA with an annualized return of -3.97%, while ADMA has yielded a comparatively higher 2.89% annualized return.
NEXT
- 1D
- -0.15%
- 1M
- -11.35%
- 6M
- 27.03%
- YTD
- 27.51%
- 1Y
- -39.46%
- 3Y*
- 6.91%
- 5Y*
- 15.35%
- 10Y*
- -3.97%
- ALL TIME*
- -3.33%
ADMA
- 1D
- -2.42%
- 1M
- -5.47%
- 6M
- -51.10%
- YTD
- -53.62%
- 1Y
- -56.23%
- 3Y*
- 26.80%
- 5Y*
- 40.41%
- 10Y*
- 2.89%
- ALL TIME*
- 1.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.52M | $22.49M | $36.25M | |
| $23.47M | $19.82M | $23.11M |
NEXT vs. ADMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXT NextDecade Corporation | 27.51% | -31.65% | 61.64% | -3.44% | 73.33% | 36.36% | -65.96% | 13.70% | -35.10% | -17.79% |
ADMA ADMA Biologics, Inc. | -53.62% | 6.36% | 279.42% | 16.49% | 175.18% | -27.69% | -51.25% | 67.36% | -25.55% | -37.30% |
Correlation
The correlation between NEXT and ADMA is 0.03, 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. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2015 | 0.15 |
The correlation between NEXT and ADMA shifts across timeframes, from 0.03 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NEXT:
$1.78B
ADMA:
$1.96B
NEXT:
-$1.36
ADMA:
$0.68
NEXT:
$0.00
ADMA:
$509.86M
NEXT:
-$9.03M
ADMA:
$312.42M
NEXT:
-$350.02M
ADMA:
$218.74M
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Return for Risk
NEXT vs. ADMA — Risk / Return Rank
NEXT
ADMA
NEXT vs. ADMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextDecade Corporation (NEXT) and ADMA Biologics, Inc. (ADMA). 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.
| NEXT | ADMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.80 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.88 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.50 | +0.47 |
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Drawdowns
NEXT vs. ADMA - Drawdown Comparison
The maximum NEXT drawdown since its inception was -88.79%, roughly equal to the maximum ADMA drawdown of -91.28%. Use the drawdown chart below to compare losses from any high point for NEXT and ADMA.
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Drawdown Indicators
| NEXT | ADMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.79% | -91.28% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -57.14% | -62.71% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -68.99% | +8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -60.00% | -68.99% | +8.99% |
Max Drawdown (10Y)Largest decline over 10 years | -88.79% | -85.27% | -3.52% |
Current DrawdownCurrent decline from peak | -44.00% | -65.48% | +21.48% |
Average DrawdownAverage peak-to-trough decline | -39.00% | -53.17% | +14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.41% | 36.56% | +3.85% |
Volatility
NEXT vs. ADMA - Volatility Comparison
NextDecade Corporation (NEXT) has a higher volatility of 21.35% compared to ADMA Biologics, Inc. (ADMA) at 8.87%. This indicates that NEXT's price experiences larger fluctuations and is considered to be riskier than ADMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEXT | ADMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.35% | 8.87% | +12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 49.09% | 45.33% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.56% | 53.99% | +10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.98% | 59.37% | +16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.46% | 68.58% | +18.88% |
Dividends
NEXT vs. ADMA - Dividend Comparison
Neither NEXT nor ADMA has paid dividends to shareholders.
Financials
NEXT vs. ADMA - Financials Comparison
This section allows you to compare key financial metrics between NextDecade Corporation and ADMA Biologics, 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
Frequently Asked Questions
NEXT and ADMA have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEXT has higher volatility (21.35%) compared to ADMA (8.87%). In terms of maximum drawdown, NEXT dropped -88.79% vs ADMA's -91.28%.
NEXT currently has the higher Sharpe Ratio (-0.63 vs -1.02), 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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