Correlation
The correlation between SKYT and WOLF is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SKYT vs. WOLF
Compare and contrast key facts about SkyWater Technology, Inc. (SKYT) and Wolfspeed, Inc. (WOLF).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYT or WOLF.
Performance
SKYT vs. WOLF - Performance Comparison
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Key characteristics
SKYT:
0.19
WOLF:
-0.59
SKYT:
1.01
WOLF:
-1.34
SKYT:
1.12
WOLF:
0.82
SKYT:
0.14
WOLF:
-0.96
SKYT:
0.38
WOLF:
-1.39
SKYT:
31.38%
WOLF:
68.96%
SKYT:
97.32%
WOLF:
162.10%
SKYT:
-86.72%
WOLF:
-99.16%
SKYT:
-73.68%
WOLF:
-99.16%
Fundamentals
SKYT:
$435.22M
WOLF:
$208.54M
SKYT:
-$0.17
WOLF:
-$8.26
SKYT:
1.34
WOLF:
0.27
SKYT:
8.15
WOLF:
0.98
SKYT:
$323.93M
WOLF:
$761.30M
SKYT:
$70.90M
WOLF:
-$93.70M
SKYT:
$14.20M
WOLF:
-$725.10M
Returns By Period
In the year-to-date period, SKYT achieves a -34.49% return, which is significantly higher than WOLF's -82.13% return.
SKYT
-34.49%
27.50%
13.85%
18.64%
10.67%
N/A
N/A
WOLF
-82.13%
-66.48%
-87.58%
-95.41%
-74.90%
-53.14%
-27.70%
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Risk-Adjusted Performance
SKYT vs. WOLF — Risk-Adjusted Performance Rank
SKYT
WOLF
SKYT vs. WOLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWater Technology, Inc. (SKYT) and Wolfspeed, Inc. (WOLF). 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
SKYT vs. WOLF - Dividend Comparison
Neither SKYT nor WOLF has paid dividends to shareholders.
Drawdowns
SKYT vs. WOLF - Drawdown Comparison
The maximum SKYT drawdown since its inception was -86.72%, smaller than the maximum WOLF drawdown of -99.16%. Use the drawdown chart below to compare losses from any high point for SKYT and WOLF.
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Volatility
SKYT vs. WOLF - Volatility Comparison
The current volatility for SkyWater Technology, Inc. (SKYT) is 17.69%, while Wolfspeed, Inc. (WOLF) has a volatility of 106.08%. This indicates that SKYT experiences smaller price fluctuations and is considered to be less risky than WOLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
SKYT vs. WOLF - Financials Comparison
This section allows you to compare key financial metrics between SkyWater Technology, Inc. and Wolfspeed, 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