NXL vs. AENT
NXL (Nexalin Technology Inc.) and AENT (Alliance Entertainment Holding Corporation Class A Common Stock) are both stocks. NXL operates in Medical Devices (Healthcare), while AENT operates in Entertainment (Communication Services). Over the past 3 years, NXL returned -21.28%/yr vs 30.67%/yr for AENT. At a 0.04 correlation, their price movements are largely independent.
Performance
NXL vs. AENT - Performance Comparison
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Returns By Period
In the year-to-date period, NXL achieves a -28.76% return, which is significantly lower than AENT's -25.99% return.
NXL
- 1D
- -13.72%
- 1M
- -7.77%
- 6M
- -44.02%
- YTD
- -28.76%
- 1Y
- -60.05%
- 3Y*
- -21.28%
- 5Y*
- —
- 10Y*
- —
AENT
- 1D
- -0.50%
- 1M
- 11.67%
- 6M
- -22.74%
- YTD
- -25.99%
- 1Y
- 14.12%
- 3Y*
- 30.67%
- 5Y*
- -9.28%
- 10Y*
- —
NXL vs. AENT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NXL Nexalin Technology Inc. | -28.76% | -79.78% | 581.82% | -45.95% | -72.26% |
AENT Alliance Entertainment Holding Corporation Class A Common Stock | -25.99% | -10.82% | 876.08% | -90.88% | 2.52% |
Correlation
The correlation between NXL and AENT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.04 |
Fundamentals
NXL:
$8.18M
AENT:
$304.86M
NXL:
-$0.44
AENT:
$0.00
NXL:
27.04
AENT:
91.59
NXL:
2.73
AENT:
2.53K
NXL:
$275.58K
AENT:
$1.11B
NXL:
-$950.31K
AENT:
$150.69M
NXL:
-$8.37M
AENT:
$46.47M
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Return for Risk
NXL vs. AENT — Risk / Return Rank
NXL
AENT
NXL vs. AENT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexalin Technology Inc. (NXL) and Alliance Entertainment Holding Corporation Class A Common Stock (AENT). 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.
| NXL | AENT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 0.31 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.01 | 0.74 | -1.75 |
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Drawdowns
NXL vs. AENT - Drawdown Comparison
The maximum NXL drawdown since its inception was -92.64%, roughly equal to the maximum AENT drawdown of -93.11%. Use the drawdown chart below to compare losses from any high point for NXL and AENT.
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Drawdown Indicators
| NXL | AENT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.64% | -93.11% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -82.74% | -45.20% | -37.54% |
Max Drawdown (3Y)Largest decline over 3 years | -92.64% | -78.17% | -14.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.91% | — |
Current DrawdownCurrent decline from peak | -90.88% | -44.63% | -46.25% |
Average DrawdownAverage peak-to-trough decline | -66.75% | -43.89% | -22.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.61% | 19.03% | +40.58% |
Volatility
NXL vs. AENT - Volatility Comparison
Nexalin Technology Inc. (NXL) has a higher volatility of 32.54% compared to Alliance Entertainment Holding Corporation Class A Common Stock (AENT) at 13.10%. This indicates that NXL's price experiences larger fluctuations and is considered to be riskier than AENT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXL | AENT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.54% | 13.10% | +19.44% |
Volatility (6M)Calculated over the trailing 6-month period | 73.52% | 48.94% | +24.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 148.04% | 75.40% | +72.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.96% | 91.42% | +73.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 164.96% | 88.85% | +76.11% |
Dividends
NXL vs. AENT - Dividend Comparison
Neither NXL nor AENT has paid dividends to shareholders.
Financials
NXL vs. AENT - Financials Comparison
This section allows you to compare key financial metrics between Nexalin Technology Inc. and Alliance Entertainment Holding Corporation Class A Common Stock. 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
NXL and AENT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXL has higher volatility (32.54%) compared to AENT (13.10%). In terms of maximum drawdown, NXL dropped -92.64% vs AENT's -93.11%.
AENT currently has the higher Sharpe Ratio (0.19 vs -0.41), 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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