PRPL vs. ARDX
Compare and contrast key facts about Purple Innovation, Inc. (PRPL) and Ardelyx, Inc. (ARDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRPL or ARDX.
Correlation
The correlation between PRPL and ARDX is 0.18, 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.
Performance
PRPL vs. ARDX - Performance Comparison
Key characteristics
PRPL:
-0.28
ARDX:
-0.46
PRPL:
0.13
ARDX:
-0.24
PRPL:
1.01
ARDX:
0.97
PRPL:
-0.23
ARDX:
-0.40
PRPL:
-0.52
ARDX:
-0.95
PRPL:
44.58%
ARDX:
36.37%
PRPL:
82.39%
ARDX:
75.62%
PRPL:
-98.59%
ARDX:
-98.45%
PRPL:
-97.40%
ARDX:
-82.40%
Fundamentals
PRPL:
$111.82M
ARDX:
$1.37B
PRPL:
-$1.03
ARDX:
-$0.33
PRPL:
2.00
ARDX:
-0.08
PRPL:
$358.90M
ARDX:
$217.49M
PRPL:
$125.85M
ARDX:
$184.19M
PRPL:
-$67.58M
ARDX:
-$27.76M
Returns By Period
In the year-to-date period, PRPL achieves a 33.33% return, which is significantly higher than ARDX's 14.20% return.
PRPL
33.33%
9.65%
-7.14%
-29.25%
-41.38%
N/A
ARDX
14.20%
15.57%
-3.34%
-35.95%
-6.95%
-10.34%
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Risk-Adjusted Performance
PRPL vs. ARDX — Risk-Adjusted Performance Rank
PRPL
ARDX
PRPL vs. ARDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purple Innovation, Inc. (PRPL) and Ardelyx, Inc. (ARDX). 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
PRPL vs. ARDX - Dividend Comparison
Neither PRPL nor ARDX has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
PRPL Purple Innovation, Inc. | 0.00% | 0.00% | 0.10% |
ARDX Ardelyx, Inc. | 0.00% | 0.00% | 0.00% |
Drawdowns
PRPL vs. ARDX - Drawdown Comparison
The maximum PRPL drawdown since its inception was -98.59%, roughly equal to the maximum ARDX drawdown of -98.45%. Use the drawdown chart below to compare losses from any high point for PRPL and ARDX. For additional features, visit the drawdowns tool.
Volatility
PRPL vs. ARDX - Volatility Comparison
Purple Innovation, Inc. (PRPL) has a higher volatility of 24.94% compared to Ardelyx, Inc. (ARDX) at 13.02%. This indicates that PRPL's price experiences larger fluctuations and is considered to be riskier than ARDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
PRPL vs. ARDX - Financials Comparison
This section allows you to compare key financial metrics between Purple Innovation, Inc. and Ardelyx, 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