OLA.TO vs. AGX
OLA.TO (Orla Mining Ltd.) and AGX (Argan, Inc.) are both stocks. OLA.TO operates in Gold (Basic Materials), while AGX operates in Engineering & Construction (Industrials). Over the past 5 years, OLA.TO returned 21.76%/yr vs 76.21%/yr for AGX. At a 0.07 correlation, their price movements are largely independent.
Performance
OLA.TO vs. AGX - Performance Comparison
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Different Trading Currencies
OLA.TO is traded in CAD, while AGX is traded in USD. To make them comparable, the AGX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, OLA.TO achieves a -19.10% return, which is significantly lower than AGX's 109.61% return.
OLA.TO
- 1D
- 3.19%
- 1M
- -25.15%
- YTD
- -19.10%
- 6M
- -17.03%
- 1Y
- -0.44%
- 3Y*
- 41.06%
- 5Y*
- 21.76%
- 10Y*
- —
AGX
- 1D
- 3.19%
- 1M
- -8.98%
- YTD
- 109.61%
- 6M
- 104.08%
- 1Y
- 197.39%
- 3Y*
- 158.24%
- 5Y*
- 76.21%
- 10Y*
- 36.19%
OLA.TO vs. AGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OLA.TO Orla Mining Ltd. | -19.10% | 131.91% | 84.26% | -21.17% | 13.46% | -29.59% | 243.00% | 90.48% | -41.01% | 31.85% |
AGX Argan, Inc. | 109.61% | 120.09% | 223.57% | 27.14% | 4.20% | -11.69% | 16.33% | 4.14% | -7.12% | -38.51% |
Correlation
The correlation between OLA.TO and AGX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017 | 0.07 |
The correlation between OLA.TO and AGX shifts across timeframes, from 0.07 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
OLA.TO:
CA$5.95B
AGX:
$9.11B
OLA.TO:
CA$0.82
AGX:
$11.38
OLA.TO:
18.13
AGX:
56.36
OLA.TO:
0.29
AGX:
1.03
OLA.TO:
3.56
AGX:
8.72
OLA.TO:
5.64
AGX:
19.24
OLA.TO:
CA$1.59B
AGX:
$1.04B
OLA.TO:
CA$848.41M
AGX:
$217.93M
OLA.TO:
CA$966.01M
AGX:
$163.99M
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Return for Risk
OLA.TO vs. AGX — Risk / Return Rank
OLA.TO
AGX
OLA.TO vs. AGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orla Mining Ltd. (OLA.TO) and Argan, Inc. (AGX). 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.
| OLA.TO | AGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.41 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 7.53 | -7.53 |
| Martin ratioReturn relative to average drawdown | -0.02 | 21.77 | -21.79 |
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Drawdowns
OLA.TO vs. AGX - Drawdown Comparison
The maximum OLA.TO drawdown since its inception was -56.61%, smaller than the maximum AGX drawdown of -81.93%. Use the drawdown chart below to compare losses from any high point for OLA.TO and AGX.
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Drawdown Indicators
| OLA.TO | AGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.61% | -81.93% | +25.32% |
Max Drawdown (1Y)Largest decline over 1 year | -53.97% | -26.40% | -27.57% |
Max Drawdown (3Y)Largest decline over 3 years | -53.97% | -43.48% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -53.97% | -43.48% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.98% | — |
Current DrawdownCurrent decline from peak | -49.72% | -11.61% | -38.11% |
Average DrawdownAverage peak-to-trough decline | -21.30% | -26.41% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 9.15% | +12.27% |
Volatility
OLA.TO vs. AGX - Volatility Comparison
Orla Mining Ltd. (OLA.TO) has a higher volatility of 22.93% compared to Argan, Inc. (AGX) at 18.50%. This indicates that OLA.TO's price experiences larger fluctuations and is considered to be riskier than AGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OLA.TO | AGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.93% | 18.50% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 51.49% | 54.63% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.11% | 74.16% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.43% | 51.21% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 46.35% | +10.36% |
Dividends
OLA.TO vs. AGX - Dividend Comparison
OLA.TO's dividend yield for the trailing twelve months is around 0.28%, less than AGX's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.29% | 0.52% | 0.93% | 2.24% | 2.71% | 1.94% | 7.31% | 2.49% | 1.98% | 4.44% | 1.42% | 2.16% |
OLA.TO Orla Mining Ltd. | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OLA.TO vs. AGX - Financials Comparison
This section allows you to compare key financial metrics between Orla Mining Ltd. and Argan, 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
OLA.TO vs. AGX - Profitability Comparison
OLA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a gross profit of 296.32M and revenue of 519.71M. Therefore, the gross margin over that period was 57.0%.
AGX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a gross profit of 61.11M and revenue of 290.95M. Therefore, the gross margin over that period was 21.0%.
OLA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported an operating income of 274.55M and revenue of 519.71M, resulting in an operating margin of 52.8%.
AGX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported an operating income of 45.40M and revenue of 290.95M, resulting in an operating margin of 15.6%.
OLA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Orla Mining Ltd. reported a net income of 103.43M and revenue of 519.71M, resulting in a net margin of 19.9%.
AGX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a net income of 46.06M and revenue of 290.95M, resulting in a net margin of 15.8%.
Frequently Asked Questions
OLA.TO and AGX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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