INDO vs FORLU
Comparison between Indonesia Energy Corp Ltd (INDO, Company) and Four Leaf Acquisition Corp - Units (1 Ord Class A & 1 War) (FORLU, Company).
INDO is from the Energy sector, while FORLU is from the Financial Services sector.
INDO vs FORLU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
INDO vs FORLU - Historical Returns
Returns include dividend reinvestment.
INDO vs FORLU - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | INDO | FORLU |
|---|---|---|
| 2026 | -7.32% | -0.36% |
| 2025 | -7.57% | +0.09% |
| 2024 | +0.36% | +4.64% |
| 2023 | -40.83% | +3.43% |
| 2022 | +63.73% | N/A |
| 2021 | -54.02% | N/A |
| 2020 | +5.63% | N/A |
| 2019 | -24.25% | N/A |
INDO vs FORLU Drawdown Comparison
The maximum drawdown for INDO was -96.57%, occurring on Mar 14, 2024. This drawdown has not yet recovered.
The maximum drawdown for FORLU was -21.36%, occurring on Jan 8, 2026. This drawdown has not yet recovered.
The current INDO drawdown is -95.27%. The current FORLU drawdown is -21.36%.
| Rank | INDO | FORLU |
|---|---|---|
| #1 | -96.57% Mar 7, 2022 - Mar 14, 2024 | -21.36% Oct 1, 2025 - Jan 8, 2026 |
| #2 | -83.94% Dec 20, 2019 - Feb 24, 2022 | -8.29% Sep 4, 2025 - Sep 24, 2025 |
| #3 | -20.15% Feb 28, 2022 - Mar 2, 2022 | -5.63% Aug 15, 2025 - Aug 28, 2025 |
| #4 | N/A | -5.51% May 31, 2023 - May 30, 2024 |
| #5 | N/A | -5.20% Aug 28, 2025 - Sep 4, 2025 |
| #6 | N/A | -2.48% Aug 11, 2025 - Aug 15, 2025 |
| #7 | N/A | -0.77% May 11, 2023 - May 15, 2023 |
| #8 | N/A | -0.56% Apr 11, 2023 - May 5, 2023 |
| #9 | N/A | -0.48% May 15, 2023 - May 30, 2023 |
| #10 | N/A | -0.39% May 5, 2023 - May 11, 2023 |
| #11 | N/A | -0.27% Mar 31, 2023 - Apr 5, 2023 |
| #12 | N/A | -0.10% Mar 20, 2023 - Mar 23, 2023 |
| #13 | N/A | -0.00% Apr 5, 2023 - Apr 11, 2023 |
Correlation
Correlation between INDO and FORLU is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.
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