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 -26.31%/yr vs 12.64%/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 -35.47% return, which is significantly lower than AENT's -27.48% return.
NXL
- 1D
- -3.22%
- 1M
- -4.66%
- YTD
- -35.47%
- 6M
- -49.99%
- 1Y
- -65.70%
- 3Y*
- -26.31%
- 5Y*
- —
- 10Y*
- —
AENT
- 1D
- 3.35%
- 1M
- -4.87%
- YTD
- -27.48%
- 6M
- -25.35%
- 1Y
- 91.50%
- 3Y*
- 12.64%
- 5Y*
- -9.51%
- 10Y*
- —
NXL vs. AENT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NXL Nexalin Technology Inc. | -35.47% | -79.78% | 581.82% | -45.95% | -72.26% |
AENT Alliance Entertainment Holding Corporation Class A Common Stock | -27.48% | -10.82% | 876.08% | -90.88% | 2.52% |
Correlation
The correlation between NXL and AENT 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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.04 |
Fundamentals
NXL:
$7.14M
AENT:
$297.91B
NXL:
-$0.46
AENT:
$0.00
NXL:
23.51
AENT:
67.38
NXL:
2.47
AENT:
2.48K
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 | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.24 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.04 | -2.83 |
| Martin ratioReturn relative to average drawdown | -1.16 | 5.16 | -6.32 |
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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% | -81.85% | -10.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.91% | — |
Current DrawdownCurrent decline from peak | -91.74% | -45.74% | -46.00% |
Average DrawdownAverage peak-to-trough decline | -66.41% | -43.88% | -22.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.82% | 17.79% | +39.03% |
Volatility
NXL vs. AENT - Volatility Comparison
Nexalin Technology Inc. (NXL) has a higher volatility of 36.70% compared to Alliance Entertainment Holding Corporation Class A Common Stock (AENT) at 16.12%. 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 | 36.70% | 16.12% | +20.58% |
Volatility (6M)Calculated over the trailing 6-month period | 73.33% | 49.10% | +24.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 145.37% | 80.17% | +65.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.42% | 91.32% | +74.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.42% | 89.18% | +76.24% |
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 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXL has higher volatility (36.70%) compared to AENT (16.12%). In terms of maximum drawdown, NXL dropped -92.64% vs AENT's -93.11%.
AENT currently has the higher Sharpe Ratio (1.15 vs -0.45), 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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