LPTH vs IBCP
Comparison between Lightpath Technologies Inc - Class A (LPTH, Company) and Independent Bank Corporation (Ionia MI) (IBCP, Company).
LPTH is from the Technology sector, while IBCP is from the Financial Services sector.
5-Year PerformanceLPTH has outperformed IBCP, delivering a return of +39.4% compared to +17.1%
LPTH vs IBCP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
LPTH vs IBCP - Historical Returns
Returns include dividend reinvestment.
LPTH vs IBCP - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | LPTH | IBCP |
|---|---|---|
| 2026 | +5.55% | +15.71% |
| 2025 | +184.96% | -2.22% |
| 2024 | +179.05% | +39.94% |
| 2023 | +5.00% | +12.93% |
| 2022 | -51.97% | +2.86% |
| 2021 | -35.62% | +32.60% |
| 2020 | +440.62% | -14.28% |
| 2019 | -52.61% | +9.60% |
| 2018 | -35.22% | -5.62% |
| 2017 | +46.05% | +3.33% |
| 2016 | -50.64% | +51.39% |
| 2015 | +217.98% | +22.89% |
| 2014 | -32.61% | +8.49% |
| 2013 | +47.83% | +242.86% |
| 2012 | -18.75% | +157.68% |
| 2011 | -45.13% | -2.21% |
| 2010 | +11.72% | +78.08% |
| 2009 | +119.48% | -67.38% |
| 2008 | -62.44% | -75.62% |
| 2007 | -58.47% | -60.53% |
| 2006 | +160.77% | -7.84% |
| 2005 | -60.73% | +0.96% |
| 2004 | +63.33% | +6.99% |
| 2003 | +812.90% | +57.58% |
| 2002 | -91.40% | +11.75% |
| 2001 | -69.48% | +54.45% |
| 2000 | -32.29% | N/A |
| 1999 | +360.34% | N/A |
LPTH vs IBCP Drawdown Comparison
The maximum drawdown for LPTH was -99.65%, occurring on Feb 26, 2003. This drawdown has not yet recovered.
The maximum drawdown for IBCP was -97.75%, occurring on Dec 1, 2009. Recovery took 3117 trading sessions.
The current LPTH drawdown is -81.06%. The current IBCP drawdown is -2.91%.
| Rank | LPTH | IBCP |
|---|---|---|
| #1 | -99.65% Mar 7, 2000 - Feb 26, 2003 | -97.75% Dec 1, 2005 - Apr 23, 2018 |
| #2 | -23.95% Jan 5, 2000 - Jan 18, 2000 | -61.76% Jun 8, 2018 - Mar 12, 2021 |
| #3 | -23.03% Jan 24, 2000 - Feb 7, 2000 | -36.44% Dec 1, 2022 - Dec 13, 2023 |
| #4 | -22.07% Dec 13, 1999 - Dec 30, 1999 | -29.16% Jan 14, 2022 - Dec 1, 2022 |
| #5 | -19.93% Nov 26, 1999 - Dec 9, 1999 | -27.46% Nov 11, 2024 - Jul 16, 2026 |
| #6 | -14.00% Nov 16, 1999 - Nov 23, 1999 | -20.87% Dec 11, 2003 - Nov 29, 2004 |
| #7 | -12.78% Jan 3, 2000 - Jan 5, 2000 | -18.51% Apr 12, 2021 - Nov 5, 2021 |
| #8 | -12.02% Feb 7, 2000 - Feb 18, 2000 | -18.26% Aug 22, 2001 - Dec 11, 2001 |
| #9 | -7.64% Nov 1, 1999 - Nov 4, 1999 | -17.08% Jun 14, 2002 - Aug 26, 2002 |
| #10 | -5.89% Feb 28, 2000 - Mar 6, 2000 | -13.78% Mar 7, 2005 - Jul 28, 2005 |
| #11 | -5.44% Nov 8, 1999 - Nov 15, 1999 | -13.47% Jan 30, 2024 - Jun 28, 2024 |
| #12 | -2.81% Feb 24, 2000 - Feb 28, 2000 | -12.84% Oct 1, 2002 - Apr 22, 2003 |
| #13 | -0.55% Jan 18, 2000 - Jan 20, 2000 | -12.05% May 31, 2001 - Jul 16, 2001 |
| #14 | -0.52% Dec 9, 1999 - Dec 13, 1999 | -11.89% Jun 4, 2003 - Jul 2, 2003 |
| #15 | N/A | -11.09% Sep 19, 2024 - Nov 6, 2024 |
Correlation
Correlation between LPTH and IBCP is 0.31 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
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