OPRA vs. NEM
OPRA (Opera Limited) and NEM (Newmont Corporation) are both stocks. OPRA operates in Internet Content & Information (Communication Services), while NEM operates in Gold (Basic Materials). Over the past 5 years, OPRA returned 21.03%/yr vs 11.52%/yr for NEM. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
OPRA vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, OPRA achieves a 39.94% return, which is significantly higher than NEM's -5.74% return.
OPRA
- 1D
- 1.23%
- 1M
- -3.86%
- 6M
- 55.20%
- YTD
- 39.94%
- 1Y
- 19.59%
- 3Y*
- 7.11%
- 5Y*
- 21.03%
- 10Y*
- —
- ALL TIME*
- 7.23%
NEM
- 1D
- -2.14%
- 1M
- 0.44%
- 6M
- -16.23%
- YTD
- -5.74%
- 1Y
- 52.51%
- 3Y*
- 33.89%
- 5Y*
- 11.52%
- 10Y*
- 10.07%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $671.95M | $683.19M | $803.32M | |
OPRA Opera Limited | $6.13M | $6.32M | $6.70M |
OPRA vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 39.94% | -22.08% | 52.02% | 140.60% | -10.91% | -22.67% | -1.30% | 66.37% | -61.23% |
NEM Newmont Corporation | -5.74% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -7.54% |
Correlation
The correlation between OPRA and NEM is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.08 |
Fundamentals
OPRA:
$1.69B
NEM:
$98.74B
OPRA:
$1.26
NEM:
$7.88
OPRA:
14.99
NEM:
11.89
OPRA:
0.06
NEM:
0.31
OPRA:
2.66
NEM:
5.34
OPRA:
1.74
NEM:
2.82
OPRA:
$647.66M
NEM:
$19.13B
OPRA:
$378.92M
NEM:
$10.94B
OPRA:
$154.47M
NEM:
$14.81B
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Return for Risk
OPRA vs. NEM — Risk / Return Rank
OPRA
NEM
OPRA vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) and Newmont Corporation (NEM). 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.
| OPRA | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.64 | -1.17 |
| Martin ratioReturn relative to average drawdown | 0.87 | 3.61 | -2.75 |
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Drawdowns
OPRA vs. NEM - Drawdown Comparison
The maximum OPRA drawdown since its inception was -72.85%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for OPRA and NEM.
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Drawdown Indicators
| OPRA | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.85% | -81.30% | +8.45% |
Max Drawdown (1Y)Largest decline over 1 year | -41.28% | -32.10% | -9.18% |
Max Drawdown (3Y)Largest decline over 3 years | -43.39% | -36.57% | -6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -61.86% | -62.40% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.40% | — |
Current DrawdownCurrent decline from peak | -21.19% | -28.67% | +7.48% |
Average DrawdownAverage peak-to-trough decline | -40.75% | -41.33% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.64% | 14.57% | +8.07% |
Volatility
OPRA vs. NEM - Volatility Comparison
Opera Limited (OPRA) and Newmont Corporation (NEM) have volatilities of 12.05% and 11.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPRA | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.05% | 11.58% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 39.42% | 37.40% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.38% | 47.45% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.59% | 38.35% | +22.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.99% | 35.74% | +28.25% |
Dividends
OPRA vs. NEM - Dividend Comparison
OPRA's dividend yield for the trailing twelve months is around 4.23%, more than NEM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.09% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
OPRA Opera Limited | 4.23% | 5.65% | 4.22% | 8.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OPRA vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Opera Limited and Newmont Corporation. 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
OPRA and NEM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPRA has higher volatility (12.05%) compared to NEM (11.58%). In terms of maximum drawdown, OPRA dropped -72.85% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.11 vs 0.38), 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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