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NVNO vs. EW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between NVNO and EW is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

NVNO vs. EW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in enVVeno Medical Corporation (NVNO) and Edwards Lifesciences Corporation (EW). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NVNO:

-0.41

EW:

-0.33

Sortino Ratio

NVNO:

-0.23

EW:

-0.02

Omega Ratio

NVNO:

0.97

EW:

1.00

Calmar Ratio

NVNO:

-0.28

EW:

-0.18

Martin Ratio

NVNO:

-0.69

EW:

-0.43

Ulcer Index

NVNO:

40.22%

EW:

23.00%

Daily Std Dev

NVNO:

65.20%

EW:

41.02%

Max Drawdown

NVNO:

-98.38%

EW:

-54.32%

Current Drawdown

NVNO:

-97.24%

EW:

-40.31%

Fundamentals

Market Cap

NVNO:

$63.48M

EW:

$45.75B

EPS

NVNO:

-$1.18

EW:

$2.46

PS Ratio

NVNO:

0.00

EW:

8.29

PB Ratio

NVNO:

1.66

EW:

4.45

Total Revenue (TTM)

NVNO:

$812.00K

EW:

$5.54B

Gross Profit (TTM)

NVNO:

$141.00K

EW:

$4.39B

EBITDA (TTM)

NVNO:

-$22.89M

EW:

$1.77B

Returns By Period

In the year-to-date period, NVNO achieves a 19.87% return, which is significantly higher than EW's 5.36% return.


NVNO

YTD

19.87%

1M

47.76%

6M

10.37%

1Y

-27.45%

5Y*

-16.89%

10Y*

N/A

EW

YTD

5.36%

1M

9.05%

6M

15.11%

1Y

-12.50%

5Y*

1.58%

10Y*

13.50%

*Annualized

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Risk-Adjusted Performance

NVNO vs. EW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVNO
The Risk-Adjusted Performance Rank of NVNO is 3131
Overall Rank
The Sharpe Ratio Rank of NVNO is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of NVNO is 2929
Sortino Ratio Rank
The Omega Ratio Rank of NVNO is 2929
Omega Ratio Rank
The Calmar Ratio Rank of NVNO is 3333
Calmar Ratio Rank
The Martin Ratio Rank of NVNO is 3535
Martin Ratio Rank

EW
The Risk-Adjusted Performance Rank of EW is 3737
Overall Rank
The Sharpe Ratio Rank of EW is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of EW is 3535
Sortino Ratio Rank
The Omega Ratio Rank of EW is 3535
Omega Ratio Rank
The Calmar Ratio Rank of EW is 3939
Calmar Ratio Rank
The Martin Ratio Rank of EW is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NVNO vs. EW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for enVVeno Medical Corporation (NVNO) and Edwards Lifesciences Corporation (EW). 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.


The current NVNO Sharpe Ratio is -0.41, which is comparable to the EW Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of NVNO and EW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

NVNO vs. EW - Dividend Comparison

Neither NVNO nor EW has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

NVNO vs. EW - Drawdown Comparison

The maximum NVNO drawdown since its inception was -98.38%, which is greater than EW's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for NVNO and EW. For additional features, visit the drawdowns tool.


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Volatility

NVNO vs. EW - Volatility Comparison

enVVeno Medical Corporation (NVNO) has a higher volatility of 19.56% compared to Edwards Lifesciences Corporation (EW) at 8.41%. This indicates that NVNO's price experiences larger fluctuations and is considered to be riskier than EW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

NVNO vs. EW - Financials Comparison

This section allows you to compare key financial metrics between enVVeno Medical Corporation and Edwards Lifesciences 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00500.00M1.00B1.50B202120222023202420250
1.41B
(NVNO) Total Revenue
(EW) Total Revenue
Values in USD except per share items