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NXT vs. NVMI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

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.


-0.50.00.51.00.3

Performance

NXT vs. NVMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nextracker Inc (NXT) and Nova Ltd (NVMI). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%JulyAugustSeptemberOctoberNovemberDecember
16.62%
106.96%
NXT
NVMI

Key characteristics

Sharpe Ratio

NXT:

-0.46

NVMI:

0.94

Sortino Ratio

NXT:

-0.43

NVMI:

1.51

Omega Ratio

NXT:

0.95

NVMI:

1.21

Calmar Ratio

NXT:

-0.58

NVMI:

1.62

Martin Ratio

NXT:

-1.02

NVMI:

3.57

Ulcer Index

NXT:

27.64%

NVMI:

13.41%

Daily Std Dev

NXT:

61.59%

NVMI:

51.12%

Max Drawdown

NXT:

-48.61%

NVMI:

-98.22%

Current Drawdown

NXT:

-41.66%

NVMI:

-20.84%

Fundamentals

Market Cap

NXT:

$5.24B

NVMI:

$5.74B

EPS

NXT:

$4.00

NVMI:

$5.33

PE Ratio

NXT:

8.89

NVMI:

37.08

PEG Ratio

NXT:

2.51

NVMI:

0.00

Total Revenue (TTM)

NXT:

$2.80B

NVMI:

$611.85M

Gross Profit (TTM)

NXT:

$1.01B

NVMI:

$351.17M

EBITDA (TTM)

NXT:

$726.32M

NVMI:

$183.03M

Returns By Period

In the year-to-date period, NXT achieves a -24.18% return, which is significantly lower than NVMI's 40.86% return.


NXT

YTD

-24.18%

1M

-5.50%

6M

-35.16%

1Y

-28.06%

5Y*

N/A

10Y*

N/A

NVMI

YTD

40.86%

1M

11.11%

6M

-15.45%

1Y

42.94%

5Y*

38.52%

10Y*

34.47%

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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.


Sharpe ratio
The chart of Sharpe ratio for NXT, currently valued at -0.46, compared to the broader market-4.00-2.000.002.00-0.460.84
The chart of Sortino ratio for NXT, currently valued at -0.43, compared to the broader market-4.00-2.000.002.004.00-0.431.41
The chart of Omega ratio for NXT, currently valued at 0.95, compared to the broader market0.501.001.502.000.951.19
The chart of Calmar ratio for NXT, currently valued at -0.58, compared to the broader market0.002.004.006.00-0.581.46
The chart of Martin ratio for NXT, currently valued at -1.02, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.023.17
NXT
NVMI

The current NXT Sharpe Ratio is -0.46, which is lower than the NVMI Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of NXT and NVMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.46
0.84
NXT
NVMI

Dividends

NXT vs. NVMI - Dividend Comparison

Neither NXT nor NVMI has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-41.66%
-20.84%
NXT
NVMI

Volatility

NXT vs. NVMI - Volatility Comparison

Nextracker Inc (NXT) has a higher volatility of 14.58% compared to Nova Ltd (NVMI) at 11.50%. 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.


10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
14.58%
11.50%
NXT
NVMI

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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