HCMA vs MRSN

Comparison between HCM III Acquisition Corp. (HCMA, Company) and Mersana Therapeutics Inc (MRSN, Company).

HCMA is from the Financial Services sector, while MRSN is from the Healthcare sector.

HCMA vs MRSN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HCMA(COMPANY)	MRSN(COMPANY)
Market Cap	$145M	$145M
Max Drawdown	0.39%	99.13%
Sharpe Ratio	-1.56	0.58
5Y Beta	0.04	N/A
Industry	Shell Companies	Biotechnology
P/E Ratio	75.40	-2.04
5Y EPS CAGR	N/A	-15.54%
Debt to Equity	3.48%	0.00%
Free Cash Flow Yield	-0.37%	-51.16%
P/B Ratio	5.68	N/A

Market Cap

HCMA

$145M

Winner

MRSN

$145M

Max Drawdown

Winner

HCMA

0.39%

MRSN

99.13%

Sharpe Ratio

HCMA

-1.56

Winner

MRSN

0.58

5Y Beta

HCMA

0.04

MRSN

N/A

Industry

HCMA

Shell Companies

MRSN

Biotechnology

P/E Ratio

HCMA

75.40

Winner

MRSN

-2.04

5Y EPS CAGR

HCMA

N/A

MRSN

-15.54%

Debt to Equity

HCMA

3.48%

Winner

MRSN

0.00%

Free Cash Flow Yield

Winner

HCMA

-0.37%

MRSN

-51.16%

P/B Ratio

HCMA

5.68

MRSN

N/A

HCMA vs MRSN - Historical Returns

Returns include dividend reinvestment.

Period	HCMA	MRSN
1 month	N/A	+4.70%
3 months	N/A	+254.63%
6 months	N/A	+282.25%
1 year	N/A	-14.47%
5 years(CAGR)	N/A	-42.31%
10 years(CAGR)	N/A	-25.31%
Max(CAGR)	+3.11%	-25.31%

HCMA

N/A

MRSN

+4.70%

HCMA

N/A

MRSN

+254.63%

HCMA

N/A

MRSN

+282.25%

HCMA

N/A

MRSN

-14.47%

5Y(CAGR)

HCMA

N/A

MRSN

-42.31%

10Y(CAGR)

HCMA

N/A

MRSN

-25.31%

Max(CAGR)

Winner

HCMA

+3.11%

MRSN

-25.31%

HCMA vs MRSN - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	HCMA	MRSN
2026	+0.13%	+0.14%
2025	N/A	-17.34%
2024	N/A	-37.00%
2023	N/A	-59.51%
2022	N/A	-9.01%
2021	N/A	-76.55%
2020	N/A	+396.46%
2019	N/A	+32.95%
2018	N/A	-76.54%
2017	N/A	+17.36%

HCMA vs MRSN Drawdown Comparison

The maximum drawdown for HCMA was -0.39%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The maximum drawdown for MRSN was -99.13%, occurring on Aug 11, 2025. This drawdown has not yet recovered.

The current HCMA drawdown is -0.19%. The current MRSN drawdown is -95.78%.

Rank	HCMA	MRSN
#1	-0.39% Jun 1, 2026 - Jun 10, 2026	-99.13% Dec 23, 2020 - Aug 11, 2025
#2	N/A	-93.61% May 25, 2018 - Jun 25, 2020
#3	N/A	-34.46% Sep 16, 2020 - Dec 1, 2020
#4	N/A	-31.86% Oct 3, 2017 - May 22, 2018
#5	N/A	-30.77% Jun 30, 2020 - Sep 14, 2020
#6	N/A	-14.30% Sep 11, 2017 - Sep 22, 2017
#7	N/A	-11.24% Dec 1, 2020 - Dec 21, 2020
#8	N/A	-5.21% Jun 28, 2017 - Jul 12, 2017
#9	N/A	-5.21% Sep 14, 2020 - Sep 16, 2020
#10	N/A	-4.29% Aug 21, 2017 - Aug 29, 2017
#11	N/A	-4.26% Sep 22, 2017 - Oct 2, 2017
#12	N/A	-3.25% Jul 27, 2017 - Aug 8, 2017
#13	N/A	-2.71% Jun 25, 2020 - Jun 30, 2020
#14	N/A	-2.48% Aug 14, 2017 - Aug 18, 2017
#15	N/A	-2.13% Aug 30, 2017 - Sep 11, 2017