NNOX vs. INDI
NNOX (Nano-X Imaging Ltd.) and INDI (indie Semiconductor, Inc.) are both stocks. NNOX operates in Medical Devices (Healthcare), while INDI operates in Semiconductor Equipment & Materials (Technology). Over the past 5 years, NNOX returned -51.16%/yr vs -17.86%/yr for INDI. At a 0.38 correlation, their price movements are largely independent.
Performance
NNOX vs. INDI - Performance Comparison
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Returns By Period
In the year-to-date period, NNOX achieves a -68.59% return, which is significantly lower than INDI's 4.53% return.
NNOX
- 1D
- -43.99%
- 1M
- -55.59%
- YTD
- -68.59%
- 6M
- -70.49%
- 1Y
- -83.25%
- 3Y*
- -61.34%
- 5Y*
- -51.16%
- 10Y*
- —
INDI
- 1D
- 3.36%
- 1M
- -27.22%
- YTD
- 4.53%
- 6M
- -1.86%
- 1Y
- -3.66%
- 3Y*
- -25.74%
- 5Y*
- -17.86%
- 10Y*
- —
NNOX vs. INDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NNOX Nano-X Imaging Ltd. | -68.59% | -61.11% | 13.03% | -13.69% | -49.24% | -51.08% |
INDI indie Semiconductor, Inc. | 4.53% | -12.84% | -50.06% | 39.11% | -51.38% | 10.00% |
Correlation
The correlation between NNOX and INDI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.38 |
The correlation between NNOX and INDI shifts across timeframes, from 0.25 (1 year) to 0.39 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NNOX:
$58.97M
INDI:
$735.51B
NNOX:
-$1.15
INDI:
-$0.00
NNOX:
4.40
INDI:
843.00
NNOX:
0.42
INDI:
2.11K
NNOX:
$13.02M
INDI:
$218.77M
NNOX:
-$10.44M
INDI:
$26.51M
NNOX:
-$50.01M
INDI:
-$112.16M
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Return for Risk
NNOX vs. INDI — Risk / Return Rank
NNOX
INDI
NNOX vs. INDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nano-X Imaging Ltd. (NNOX) and indie Semiconductor, Inc. (INDI). 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.
| NNOX | INDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.06 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.06 | -0.93 |
| Martin ratioReturn relative to average drawdown | -1.82 | -0.12 | -1.70 |
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Drawdowns
NNOX vs. INDI - Drawdown Comparison
The maximum NNOX drawdown since its inception was -99.02%, which is greater than INDI's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for NNOX and INDI.
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Drawdown Indicators
| NNOX | INDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.02% | -89.91% | -9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -83.92% | -59.33% | -24.59% |
Max Drawdown (3Y)Largest decline over 3 years | -94.47% | -83.57% | -10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -97.36% | -89.91% | -7.45% |
Current DrawdownCurrent decline from peak | -99.02% | -76.72% | -22.30% |
Average DrawdownAverage peak-to-trough decline | -82.72% | -56.95% | -25.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.73% | 31.43% | +14.30% |
Volatility
NNOX vs. INDI - Volatility Comparison
Nano-X Imaging Ltd. (NNOX) has a higher volatility of 60.54% compared to indie Semiconductor, Inc. (INDI) at 28.73%. This indicates that NNOX's price experiences larger fluctuations and is considered to be riskier than INDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNOX | INDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 60.54% | 28.73% | +31.81% |
Volatility (6M)Calculated over the trailing 6-month period | 78.94% | 57.48% | +21.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.67% | 81.35% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.47% | 79.52% | +11.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.09% | 79.39% | +22.70% |
Dividends
NNOX vs. INDI - Dividend Comparison
Neither NNOX nor INDI has paid dividends to shareholders.
Financials
NNOX vs. INDI - Financials Comparison
This section allows you to compare key financial metrics between Nano-X Imaging Ltd. and indie Semiconductor, 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
NNOX and INDI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNOX has higher volatility (60.54%) compared to INDI (28.73%). In terms of maximum drawdown, NNOX dropped -99.02% vs INDI's -89.91%.
INDI currently has the higher Sharpe Ratio (-0.05 vs -0.97), 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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