Correlation
The correlation between NVTS and SNPS is 0.50, 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.
NVTS vs. SNPS
Compare and contrast key facts about Navitas Semiconductor Corporation (NVTS) and Synopsys, Inc. (SNPS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVTS or SNPS.
Performance
NVTS vs. SNPS - Performance Comparison
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Key characteristics
NVTS:
0.15
SNPS:
-0.43
NVTS:
2.35
SNPS:
-0.48
NVTS:
1.25
SNPS:
0.94
NVTS:
0.44
SNPS:
-0.54
NVTS:
0.93
SNPS:
-1.09
NVTS:
43.31%
SNPS:
19.36%
NVTS:
199.42%
SNPS:
41.73%
NVTS:
-92.04%
SNPS:
-60.95%
NVTS:
-74.70%
SNPS:
-25.32%
Fundamentals
NVTS:
$1.03B
SNPS:
$71.50B
NVTS:
-$0.53
SNPS:
$8.19
NVTS:
13.94
SNPS:
11.49
NVTS:
3.02
SNPS:
7.68
NVTS:
$74.15M
SNPS:
$4.62B
NVTS:
$24.13M
SNPS:
$3.68B
NVTS:
-$106.43M
SNPS:
$1.12B
Returns By Period
In the year-to-date period, NVTS achieves a 42.86% return, which is significantly higher than SNPS's -4.40% return.
NVTS
42.86%
164.25%
85.45%
29.11%
-13.79%
N/A
N/A
SNPS
-4.40%
1.08%
-16.92%
-17.84%
13.28%
20.73%
24.91%
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Risk-Adjusted Performance
NVTS vs. SNPS — Risk-Adjusted Performance Rank
NVTS
SNPS
NVTS vs. SNPS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Navitas Semiconductor Corporation (NVTS) and Synopsys, Inc. (SNPS). 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.
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Dividends
NVTS vs. SNPS - Dividend Comparison
Neither NVTS nor SNPS has paid dividends to shareholders.
Drawdowns
NVTS vs. SNPS - Drawdown Comparison
The maximum NVTS drawdown since its inception was -92.04%, which is greater than SNPS's maximum drawdown of -60.95%. Use the drawdown chart below to compare losses from any high point for NVTS and SNPS.
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Volatility
NVTS vs. SNPS - Volatility Comparison
Navitas Semiconductor Corporation (NVTS) has a higher volatility of 108.28% compared to Synopsys, Inc. (SNPS) at 13.07%. This indicates that NVTS's price experiences larger fluctuations and is considered to be riskier than SNPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NVTS vs. SNPS - Financials Comparison
This section allows you to compare key financial metrics between Navitas Semiconductor Corporation and Synopsys, 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