NWBO vs. AWI
NWBO (Northwest Biotherapeutics, Inc.) and AWI (Armstrong World Industries, Inc.) are both stocks. NWBO operates in Biotechnology (Healthcare), while AWI operates in Building Products & Equipment (Industrials). Over the past 10 years, NWBO returned -9.70%/yr vs 15.87%/yr for AWI. At a 0.05 correlation, their price movements are largely independent.
Performance
NWBO vs. AWI - Performance Comparison
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Returns By Period
In the year-to-date period, NWBO achieves a -21.18% return, which is significantly lower than AWI's -18.20% return. Over the past 10 years, NWBO has underperformed AWI with an annualized return of -9.70%, while AWI has yielded a comparatively higher 15.87% annualized return.
NWBO
- 1D
- 1.29%
- 1M
- -10.07%
- 6M
- -33.22%
- YTD
- -21.18%
- 1Y
- -20.75%
- 3Y*
- -31.34%
- 5Y*
- -32.74%
- 10Y*
- -9.70%
AWI
- 1D
- 0.12%
- 1M
- 0.96%
- 6M
- -21.21%
- YTD
- -18.20%
- 1Y
- -6.66%
- 3Y*
- 29.36%
- 5Y*
- 8.91%
- 10Y*
- 15.87%
NWBO vs. AWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWBO Northwest Biotherapeutics, Inc. | -21.18% | -16.74% | -60.81% | -10.64% | 12.07% | -54.10% | 626.19% | 2.19% | -14.38% | -31.05% |
AWI Armstrong World Industries, Inc. | -18.20% | 36.23% | 45.05% | 45.37% | -40.26% | 57.44% | -19.97% | 62.79% | -3.61% | 44.86% |
Correlation
The correlation between NWBO and AWI is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2006 | 0.05 |
The correlation between NWBO and AWI shifts across timeframes, from -0.07 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NWBO:
$296.29M
AWI:
$6.64B
NWBO:
-$0.06
AWI:
$7.05
NWBO:
287.11
AWI:
4.11
NWBO:
$937.00K
AWI:
$1.65B
NWBO:
$416.00K
AWI:
$664.10M
NWBO:
-$79.62M
AWI:
$578.40M
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Return for Risk
NWBO vs. AWI — Risk / Return Rank
NWBO
AWI
NWBO vs. AWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Biotherapeutics, Inc. (NWBO) and Armstrong World Industries, Inc. (AWI). 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.
| NWBO | AWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.27 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.82 | -0.53 | -0.29 |
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Drawdowns
NWBO vs. AWI - Drawdown Comparison
The maximum NWBO drawdown since its inception was -99.99%, which is greater than AWI's maximum drawdown of -80.98%. Use the drawdown chart below to compare losses from any high point for NWBO and AWI.
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Drawdown Indicators
| NWBO | AWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -80.98% | -19.01% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -24.98% | -19.44% |
Max Drawdown (3Y)Largest decline over 3 years | -82.90% | -24.98% | -57.92% |
Max Drawdown (5Y)Largest decline over 5 years | -90.69% | -46.06% | -44.63% |
Max Drawdown (10Y)Largest decline over 10 years | -92.27% | -46.44% | -45.83% |
Current DrawdownCurrent decline from peak | -99.99% | -23.12% | -76.87% |
Average DrawdownAverage peak-to-trough decline | -97.15% | -18.27% | -78.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.39% | 12.68% | +12.71% |
Volatility
NWBO vs. AWI - Volatility Comparison
Northwest Biotherapeutics, Inc. (NWBO) has a higher volatility of 12.87% compared to Armstrong World Industries, Inc. (AWI) at 7.37%. This indicates that NWBO's price experiences larger fluctuations and is considered to be riskier than AWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWBO | AWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 7.37% | +5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 36.76% | 20.54% | +16.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.35% | 26.23% | +41.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.97% | 26.29% | +55.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.57% | 29.86% | +62.71% |
Dividends
NWBO vs. AWI - Dividend Comparison
NWBO has not paid dividends to shareholders, while AWI's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AWI Armstrong World Industries, Inc. | 0.85% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% |
NWBO Northwest Biotherapeutics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NWBO vs. AWI - Financials Comparison
This section allows you to compare key financial metrics between Northwest Biotherapeutics, Inc. and Armstrong World Industries, 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
NWBO and AWI have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWBO has higher volatility (12.87%) compared to AWI (7.37%). In terms of maximum drawdown, NWBO dropped -99.99% vs AWI's -80.98%.
AWI currently has the higher Sharpe Ratio (-0.26 vs -0.31), 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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