NGS vs. APP
NGS (Natural Gas Services Group, Inc.) and APP (AppLovin Corporation) are both stocks. NGS operates in Oil & Gas Equipment & Services (Energy), while APP operates in Advertising Agencies (Communication Services). Over the past 5 years, NGS returned 33.01%/yr vs 40.77%/yr for APP. At a 0.10 correlation, their price movements are largely independent.
Performance
NGS vs. APP - Performance Comparison
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Returns By Period
In the year-to-date period, NGS achieves a 31.99% return, which is significantly higher than APP's -30.69% return.
NGS
- 1D
- 1.85%
- 1M
- 3.81%
- YTD
- 31.99%
- 6M
- 34.10%
- 1Y
- 72.28%
- 3Y*
- 65.86%
- 5Y*
- 33.01%
- 10Y*
- 6.71%
APP
- 1D
- -0.50%
- 1M
- -3.04%
- YTD
- -30.69%
- 6M
- -35.89%
- 1Y
- 39.24%
- 3Y*
- 171.29%
- 5Y*
- 40.77%
- 10Y*
- —
NGS vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NGS Natural Gas Services Group, Inc. | 31.99% | 26.53% | 66.67% | 40.31% | 9.46% | 14.80% |
APP AppLovin Corporation | -30.69% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between NGS and APP is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.11 |
Fundamentals
NGS:
$562.48M
APP:
$158.19B
NGS:
$1.72
APP:
$11.64
NGS:
25.64
APP:
40.12
NGS:
0.13
APP:
0.12
NGS:
3.12
APP:
25.79
NGS:
2.01
APP:
66.93
NGS:
$179.40M
APP:
$6.16B
NGS:
$87.76M
APP:
$5.45B
NGS:
$69.86M
APP:
$4.87B
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Return for Risk
NGS vs. APP — Risk / Return Rank
NGS
APP
NGS vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natural Gas Services Group, Inc. (NGS) and AppLovin Corporation (APP). 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.
| NGS | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 0.79 | +4.63 |
| Martin ratioReturn relative to average drawdown | 15.68 | 1.54 | +14.14 |
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Drawdowns
NGS vs. APP - Drawdown Comparison
The maximum NGS drawdown since its inception was -89.59%, roughly equal to the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for NGS and APP.
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Drawdown Indicators
| NGS | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.59% | -91.90% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -49.99% | +36.57% |
Max Drawdown (3Y)Largest decline over 3 years | -40.89% | -57.00% | +16.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.89% | -91.90% | +51.01% |
Max Drawdown (10Y)Largest decline over 10 years | -87.91% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -36.34% | +36.34% |
Average DrawdownAverage peak-to-trough decline | -47.52% | -42.48% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 25.48% | -20.86% |
Volatility
NGS vs. APP - Volatility Comparison
The current volatility for Natural Gas Services Group, Inc. (NGS) is 10.97%, while AppLovin Corporation (APP) has a volatility of 20.85%. This indicates that NGS experiences smaller price fluctuations and is considered to be less risky than APP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGS | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.97% | 20.85% | -9.88% |
Volatility (6M)Calculated over the trailing 6-month period | 22.36% | 58.78% | -36.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.02% | 70.97% | -37.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.11% | 77.90% | -33.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.22% | 77.45% | -31.23% |
Dividends
NGS vs. APP - Dividend Comparison
NGS's dividend yield for the trailing twelve months is around 1.07%, while APP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% |
NGS Natural Gas Services Group, Inc. | 1.07% | 0.62% |
Financials
NGS vs. APP - Financials Comparison
This section allows you to compare key financial metrics between Natural Gas Services Group, Inc. and AppLovin Corporation. 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
NGS vs. APP - Profitability Comparison
NGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Natural Gas Services Group, Inc. reported a gross profit of 30.25M and revenue of 48.47M. Therefore, the gross margin over that period was 62.4%.
APP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AppLovin Corporation reported a gross profit of 1.64B and revenue of 1.84B. Therefore, the gross margin over that period was 89.0%.
NGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Natural Gas Services Group, Inc. reported an operating income of 13.07M and revenue of 48.47M, resulting in an operating margin of 27.0%.
APP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AppLovin Corporation reported an operating income of 1.44B and revenue of 1.84B, resulting in an operating margin of 78.2%.
NGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Natural Gas Services Group, Inc. reported a net income of 6.76M and revenue of 48.47M, resulting in a net margin of 14.0%.
APP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AppLovin Corporation reported a net income of 1.21B and revenue of 1.84B, resulting in a net margin of 65.4%.
Frequently Asked Questions
NGS and APP have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.85%) compared to NGS (10.97%). In terms of maximum drawdown, NGS dropped -89.59% vs APP's -91.90%.
NGS currently has the higher Sharpe Ratio (2.21 vs 0.56), 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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