LWAC vs OVID
Comparison between LightWave Acquisition Corp - Class A (LWAC, Company) and Ovid Therapeutics Inc (OVID, Company).
LWAC is from the Financial Services sector, while OVID is from the Healthcare sector.
LWAC vs OVID - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
LWAC
$383M
OVID
$381M
Max Drawdown
Winner
LWAC
0.99%
OVID
98.30%
Sharpe Ratio
LWAC
-0.50
Winner
OVID
2.19
5Y Beta
Winner
LWAC
-0.01
OVID
1.36
Industry
LWAC
Shell Companies
OVID
Biotechnology
P/E Ratio
LWAC
N/A
OVID
-16.59
Forward P/E
LWAC
N/A
OVID
1.79
PEG Ratio
LWAC
N/A
OVID
0.00
Debt to Equity
LWAC
N/A
OVID
0.00%
Free Cash Flow Yield
LWAC
N/A
OVID
-11.00%
P/S Ratio
LWAC
N/A
OVID
62.50
P/B Ratio
LWAC
N/A
OVID
2.27
LWAC vs OVID - Historical Returns
Returns include dividend reinvestment.
1M
Winner
LWAC
+0.00%
OVID
-19.86%
3M
LWAC
+0.99%
Winner
OVID
+14.43%
6M
LWAC
+1.69%
Winner
OVID
+40.24%
1Y
LWAC
+2.10%
Winner
OVID
+695.02%
5Y(CAGR)
LWAC
N/A
OVID
-12.52%
10Y(CAGR)
LWAC
N/A
OVID
-16.78%
Max(CAGR)
Winner
LWAC
+2.56%
OVID
-16.78%
LWAC vs OVID - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | LWAC | OVID |
|---|---|---|
| 2026 | +1.69% | +30.68% |
| 2025 | +0.40% | +70.15% |
| 2024 | N/A | -71.88% |
| 2023 | N/A | +65.98% |
| 2022 | N/A | -44.64% |
| 2021 | N/A | +32.10% |
| 2020 | N/A | -43.66% |
| 2019 | N/A | +53.70% |
| 2018 | N/A | -75.33% |
| 2017 | N/A | -19.43% |
LWAC vs OVID Drawdown Comparison
The maximum drawdown for LWAC was -0.99%, occurring on Dec 15, 2025. Recovery took 84 trading sessions.
The maximum drawdown for OVID was -98.30%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The current LWAC drawdown is -0.10%. The current OVID drawdown is -84.67%.
| Rank | LWAC | OVID |
|---|---|---|
| #1 | -0.99% Nov 14, 2025 - Mar 19, 2026 | -98.30% May 19, 2017 - Apr 8, 2025 |
| #2 | -0.60% Aug 22, 2025 - Oct 9, 2025 | -1.29% May 15, 2017 - May 18, 2017 |
| #3 | -0.40% Oct 9, 2025 - Oct 20, 2025 | -0.79% May 11, 2017 - May 15, 2017 |
| #4 | -0.39% Mar 20, 2026 - Mar 24, 2026 | N/A |
| #5 | -0.39% Mar 24, 2026 - May 29, 2026 | N/A |
| #6 | -0.25% Aug 15, 2025 - Aug 22, 2025 | N/A |
| #7 | -0.20% Oct 21, 2025 - Oct 31, 2025 | N/A |
| #8 | -0.10% Nov 5, 2025 - Nov 11, 2025 | N/A |
| #9 | -0.10% May 29, 2026 - Jun 11, 2026 | N/A |
Correlation
Correlation between LWAC and OVID is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
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