PZG vs. LPTH
PZG (Paramount Gold Nevada Corp.) and LPTH (LightPath Technologies, Inc.) are both stocks. PZG operates in Gold (Basic Materials), while LPTH operates in Electronic Components (Technology). Over the past 10 years, PZG returned -2.68%/yr vs 22.79%/yr for LPTH. At a 0.07 correlation, their price movements are largely independent.
Performance
PZG vs. LPTH - Performance Comparison
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Returns By Period
In the year-to-date period, PZG achieves a -3.17% return, which is significantly lower than LPTH's 32.04% return. Over the past 10 years, PZG has underperformed LPTH with an annualized return of -2.68%, while LPTH has yielded a comparatively higher 22.79% annualized return.
PZG
- 1D
- 6.09%
- 1M
- -13.48%
- YTD
- -3.17%
- 6M
- 3.39%
- 1Y
- 95.51%
- 3Y*
- 61.43%
- 5Y*
- 3.05%
- 10Y*
- -2.68%
LPTH
- 1D
- -8.82%
- 1M
- 23.78%
- YTD
- 32.04%
- 6M
- 76.05%
- 1Y
- 360.00%
- 3Y*
- 116.77%
- 5Y*
- 38.88%
- 10Y*
- 22.79%
PZG vs. LPTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZG Paramount Gold Nevada Corp. | -3.17% | 268.42% | -8.80% | 8.70% | -50.62% | -40.29% | 51.28% | -6.82% | -36.15% | -26.97% |
LPTH LightPath Technologies, Inc. | 32.04% | 205.95% | 180.16% | 3.28% | -50.00% | -37.76% | 440.69% | -51.34% | -32.88% | 44.16% |
Correlation
The correlation between PZG and LPTH is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 8, 2006 | 0.07 |
Fundamentals
PZG:
$101.42M
LPTH:
$836.05M
PZG:
-$0.09
LPTH:
-$85.64K
PZG:
2.87
LPTH:
0.00
PZG:
$0.00
LPTH:
$19.15T
PZG:
-$892.14K
LPTH:
$6.96T
PZG:
-$11.01M
LPTH:
-$4.25T
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Return for Risk
PZG vs. LPTH — Risk / Return Rank
PZG
LPTH
PZG vs. LPTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paramount Gold Nevada Corp. (PZG) and LightPath Technologies, Inc. (LPTH). 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.
| PZG | LPTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 10.18 | -8.37 |
| Martin ratioReturn relative to average drawdown | 4.55 | 23.51 | -18.96 |
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Drawdowns
PZG vs. LPTH - Drawdown Comparison
The maximum PZG drawdown since its inception was -93.81%, smaller than the maximum LPTH drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for PZG and LPTH.
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Drawdown Indicators
| PZG | LPTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.81% | -99.65% | +5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -59.18% | -40.52% | -18.66% |
Max Drawdown (3Y)Largest decline over 3 years | -59.18% | -61.08% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -74.05% | -64.66% | -9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -90.14% | -86.28% | -3.86% |
Current DrawdownCurrent decline from peak | -72.40% | -78.17% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -68.56% | -86.30% | +17.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.55% | 17.52% | +6.03% |
Volatility
PZG vs. LPTH - Volatility Comparison
The current volatility for Paramount Gold Nevada Corp. (PZG) is 20.02%, while LightPath Technologies, Inc. (LPTH) has a volatility of 37.05%. This indicates that PZG experiences smaller price fluctuations and is considered to be less risky than LPTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZG | LPTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.02% | 37.05% | -17.03% |
Volatility (6M)Calculated over the trailing 6-month period | 58.59% | 83.89% | -25.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.84% | 115.53% | -42.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.02% | 83.02% | -20.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.76% | 79.57% | -18.81% |
Dividends
PZG vs. LPTH - Dividend Comparison
Neither PZG nor LPTH has paid dividends to shareholders.
Financials
PZG vs. LPTH - Financials Comparison
This section allows you to compare key financial metrics between Paramount Gold Nevada Corp. and LightPath Technologies, 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
Frequently Asked Questions
PZG and LPTH have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LPTH has higher volatility (37.05%) compared to PZG (20.02%). In terms of maximum drawdown, PZG dropped -93.81% vs LPTH's -99.65%.
LPTH currently has the higher Sharpe Ratio (3.57 vs 1.47), 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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