MATH vs BAFN

Comparison between Metalpha Technology Holding Ltd (MATH, Company) and BayFirst Financial Corp (BAFN, Company).

Both MATH and BAFN are from the Financial Services sector.

5-Year PerformanceMATH has outperformed BAFN, delivering a return of -8.7% compared to -25.3%

MATH vs BAFN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MATH(COMPANY)	BAFN(COMPANY)
Market Cap	$35M	$35M
Max Drawdown	96.71%	86.00%
Sharpe Ratio	-1.30	-1.02
5Y Beta	0.85	0.34
Industry	Capital Markets	Banks - Regional
P/E Ratio	2.49	-1.25
Dividend Yield	N/A	1.25%
Debt to Equity	0.34%	0.00%
Free Cash Flow Yield	-42.03%	N/A
P/S Ratio	1.16	0.98
P/B Ratio	1.13	0.46

Market Cap

MATH

$35M

Winner

BAFN

$35M

Max Drawdown

MATH

96.71%

Winner

BAFN

86.00%

Sharpe Ratio

MATH

-1.30

Winner

BAFN

-1.02

5Y Beta

MATH

0.85

Winner

BAFN

0.34

Industry

MATH

Capital Markets

BAFN

Banks - Regional

P/E Ratio

MATH

2.49

Winner

BAFN

-1.25

Dividend Yield

MATH

N/A

BAFN

1.25%

Debt to Equity

MATH

0.34%

Winner

BAFN

0.00%

Free Cash Flow Yield

MATH

-42.03%

BAFN

N/A

P/S Ratio

MATH

1.16

Winner

BAFN

0.98

P/B Ratio

MATH

1.13

Winner

BAFN

0.46

MATH vs BAFN - Historical Returns

Returns include dividend reinvestment.

Period	MATH	BAFN
1 month	-16.39%	+24.30%
3 months	-25.11%	-30.28%
6 months	-58.79%	-13.73%
1 year	-76.34%	-61.95%
5 years(CAGR)	-8.73%	-25.34%
10 years(CAGR)	-27.08%	N/A
Max(CAGR)	-27.08%	-13.33%

MATH

-16.39%

Winner

BAFN

+24.30%

Winner

MATH

-25.11%

BAFN

-30.28%

MATH

-58.79%

Winner

BAFN

-13.73%

MATH

-76.34%

Winner

BAFN

-61.95%

5Y(CAGR)

Winner

MATH

-8.73%

BAFN

-25.34%

10Y(CAGR)

MATH

-27.08%

BAFN

N/A

Max(CAGR)

MATH

-27.08%

Winner

BAFN

-13.33%

MATH vs BAFN - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	MATH	BAFN
2026	-62.72%	-26.56%
2025	+85.84%	-39.66%
2024	-44.71%	+4.53%
2023	+307.02%	-20.27%
2022	-59.80%	-26.67%
2021	-47.84%	+71.53%
2020	+75.94%	-12.33%
2019	-13.14%	+0.00%
2018	-71.55%	N/A
2017	-68.11%	N/A

MATH vs BAFN Drawdown Comparison

The maximum drawdown for MATH was -96.71%, occurring on Jan 31, 2023. This drawdown has not yet recovered.

The maximum drawdown for BAFN was -84.86%, occurring on Jun 24, 2026. This drawdown has not yet recovered.

The current MATH drawdown is -93.70%. The current BAFN drawdown is -80.77%.

Rank	MATH	BAFN
#1	-96.71% Oct 20, 2017 - Jan 31, 2023	-84.86% Sep 24, 2021 - Jun 24, 2026
#2	N/A	-68.81% Nov 20, 2019 - Jan 28, 2021
#3	N/A	-10.48% Jul 27, 2021 - Sep 14, 2021
#4	N/A	-9.59% May 3, 2021 - May 14, 2021
#5	N/A	-8.22% May 14, 2021 - Jul 2, 2021
#6	N/A	-3.31% Mar 12, 2021 - Apr 13, 2021
#7	N/A	-1.43% Apr 22, 2021 - May 3, 2021
#8	N/A	-0.90% Mar 1, 2021 - Mar 11, 2021
#9	N/A	-0.90% Feb 24, 2021 - Mar 1, 2021
#10	N/A	-0.82% Jul 7, 2021 - Jul 16, 2021
#11	N/A	-0.71% Sep 14, 2021 - Sep 24, 2021
#12	N/A	-0.03% Apr 13, 2021 - Apr 16, 2021
#13	N/A	-0.00% Jan 29, 2021 - Feb 5, 2021