Correlation
The correlation between RXT and SYRE is 0.26, 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.
RXT vs. SYRE
Compare and contrast key facts about Rackspace Technology, Inc. (RXT) and Spyre Therapeutics Inc. (SYRE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RXT or SYRE.
Performance
RXT vs. SYRE - Performance Comparison
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Key characteristics
RXT:
-0.56
SYRE:
-0.80
RXT:
-0.54
SYRE:
-0.98
RXT:
0.94
SYRE:
0.89
RXT:
-0.41
SYRE:
-0.56
RXT:
-1.35
SYRE:
-1.32
RXT:
29.35%
SYRE:
40.76%
RXT:
69.23%
SYRE:
69.79%
RXT:
-95.86%
SYRE:
-99.12%
RXT:
-95.63%
SYRE:
-94.90%
Fundamentals
RXT:
$270.62M
SYRE:
$922.20M
RXT:
-$1.22
SYRE:
-$3.06
RXT:
0.10
SYRE:
650.22
RXT:
0.81
SYRE:
2.82
RXT:
$2.71B
SYRE:
$0.00
RXT:
$79.90M
SYRE:
-$214.36M
Returns By Period
In the year-to-date period, RXT achieves a -48.42% return, which is significantly lower than SYRE's -34.36% return.
RXT
-48.42%
-17.39%
-57.46%
-41.84%
-50.20%
N/A
N/A
SYRE
-34.36%
4.23%
-46.25%
-56.28%
-27.14%
-41.35%
N/A
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Risk-Adjusted Performance
RXT vs. SYRE — Risk-Adjusted Performance Rank
RXT
SYRE
RXT vs. SYRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rackspace Technology, Inc. (RXT) and Spyre Therapeutics Inc. (SYRE). 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.
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Dividends
RXT vs. SYRE - Dividend Comparison
Neither RXT nor SYRE has paid dividends to shareholders.
Drawdowns
RXT vs. SYRE - Drawdown Comparison
The maximum RXT drawdown since its inception was -95.86%, roughly equal to the maximum SYRE drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for RXT and SYRE.
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Volatility
RXT vs. SYRE - Volatility Comparison
The current volatility for Rackspace Technology, Inc. (RXT) is 17.77%, while Spyre Therapeutics Inc. (SYRE) has a volatility of 20.70%. This indicates that RXT experiences smaller price fluctuations and is considered to be less risky than SYRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
RXT vs. SYRE - Financials Comparison
This section allows you to compare key financial metrics between Rackspace Technology, Inc. and Spyre Therapeutics 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