NXT vs. NVMI
Compare and contrast key facts about Nextracker Inc (NXT) and Nova Ltd (NVMI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or NVMI.
Performance
NXT vs. NVMI - Performance Comparison
Returns By Period
In the year-to-date period, NXT achieves a -20.17% return, which is significantly lower than NVMI's 30.81% return.
NXT
-20.17%
16.71%
-27.12%
-5.44%
N/A
N/A
NVMI
30.81%
-1.50%
-14.73%
44.28%
39.53%
32.91%
Fundamentals
| NXT | NVMI | |
|---|---|---|
| Market Cap | $5.37B | $5.14B |
| EPS | $4.00 | $5.26 |
| PE Ratio | 9.10 | 33.11 |
| PEG Ratio | 2.51 | 0.00 |
| Total Revenue (TTM) | $2.80B | $611.85M |
| Gross Profit (TTM) | $1.01B | $351.17M |
| EBITDA (TTM) | $726.32M | $183.03M |
Key characteristics
| NXT | NVMI | |
|---|---|---|
| Sharpe Ratio | -0.08 | 0.92 |
| Sortino Ratio | 0.38 | 1.48 |
| Omega Ratio | 1.04 | 1.21 |
| Calmar Ratio | -0.10 | 1.58 |
| Martin Ratio | -0.18 | 3.94 |
| Ulcer Index | 25.32% | 11.73% |
| Daily Std Dev | 61.67% | 50.14% |
| Max Drawdown | -48.61% | -98.22% |
| Current Drawdown | -38.58% | -26.49% |
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Correlation
The correlation between NXT and NVMI is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NXT vs. NVMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Nova Ltd (NVMI). 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.
Dividends
NXT vs. NVMI - Dividend Comparison
Neither NXT nor NVMI has paid dividends to shareholders.
Drawdowns
NXT vs. NVMI - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum NVMI drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for NXT and NVMI. For additional features, visit the drawdowns tool.
Volatility
NXT vs. NVMI - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 27.58% compared to Nova Ltd (NVMI) at 17.68%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than NVMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NXT vs. NVMI - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Nova Ltd. 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