NVNO vs. PANW
NVNO (enVVeno Medical Corporation) and PANW (Palo Alto Networks, Inc.) are both stocks. NVNO operates in Medical Devices (Healthcare), while PANW operates in Software - Infrastructure (Technology). Over the past 5 years, NVNO returned -46.71%/yr vs 36.19%/yr for PANW. At a 0.13 correlation, their price movements are largely independent.
Performance
NVNO vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, NVNO achieves a -12.81% return, which is significantly lower than PANW's 57.93% return.
NVNO
- 1D
- -6.76%
- 1M
- -10.68%
- YTD
- -12.81%
- 6M
- -18.21%
- 1Y
- -93.14%
- 3Y*
- -52.74%
- 5Y*
- -46.71%
- 10Y*
- —
PANW
- 1D
- 1.58%
- 1M
- 11.64%
- YTD
- 57.93%
- 6M
- 54.64%
- 1Y
- 43.08%
- 3Y*
- 33.61%
- 5Y*
- 36.19%
- 10Y*
- 30.51%
NVNO vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NVNO enVVeno Medical Corporation | -12.81% | -89.38% | -41.25% | 0.78% | -22.61% | -23.82% | -37.09% | -62.71% | -70.50% |
PANW Palo Alto Networks, Inc. | 57.93% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | -10.17% |
Correlation
The correlation between NVNO and PANW is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 31, 2018 | 0.13 |
Fundamentals
NVNO:
$6.40M
PANW:
$216.44B
NVNO:
-$58.99
PANW:
$1.17
NVNO:
0.27
PANW:
7.82
NVNO:
$0.00
PANW:
$10.61B
NVNO:
-$491.00K
PANW:
$7.63B
NVNO:
-$18.82M
PANW:
$1.33B
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Return for Risk
NVNO vs. PANW — Risk / Return Rank
NVNO
PANW
NVNO vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for enVVeno Medical Corporation (NVNO) and Palo Alto Networks, Inc. (PANW). 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.
| NVNO | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.21 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 1.20 | -2.18 |
| Martin ratioReturn relative to average drawdown | -1.11 | 2.72 | -3.83 |
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Drawdowns
NVNO vs. PANW - Drawdown Comparison
The maximum NVNO drawdown since its inception was -99.81%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for NVNO and PANW.
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Drawdown Indicators
| NVNO | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.81% | -47.98% | -51.83% |
Max Drawdown (1Y)Largest decline over 1 year | -95.28% | -36.01% | -59.27% |
Max Drawdown (3Y)Largest decline over 3 years | -96.27% | -36.01% | -60.26% |
Max Drawdown (5Y)Largest decline over 5 years | -97.66% | -36.01% | -61.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.98% | — |
Current DrawdownCurrent decline from peak | -99.79% | -3.18% | -96.61% |
Average DrawdownAverage peak-to-trough decline | -89.99% | -14.67% | -75.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 83.58% | 15.89% | +67.69% |
Volatility
NVNO vs. PANW - Volatility Comparison
The current volatility for enVVeno Medical Corporation (NVNO) is 14.56%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.13%. This indicates that NVNO experiences smaller price fluctuations and is considered to be less risky than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVNO | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 16.13% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 60.68% | 32.18% | +28.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.22% | 39.00% | +79.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.50% | 41.75% | +39.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.51% | 38.62% | +54.89% |
Dividends
NVNO vs. PANW - Dividend Comparison
Neither NVNO nor PANW has paid dividends to shareholders.
Financials
NVNO vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between enVVeno Medical Corporation and Palo Alto Networks, 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
NVNO and PANW have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (16.13%) compared to NVNO (14.56%). In terms of maximum drawdown, NVNO dropped -99.81% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (1.11 vs -0.79), 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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