MCACU vs NVX
Comparison between ConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right) (MCACU, Company) and Novonix Ltd (NVX, Company).
MCACU is from the Financial Services sector, while NVX is from the Industrials sector.
MCACU vs NVX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MCACU vs NVX - Historical Returns
Returns include dividend reinvestment.
MCACU vs NVX - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | MCACU | NVX |
|---|---|---|
| 2026 | +0.00% | -60.92% |
| 2025 | N/A | -47.12% |
| 2024 | -52.02% | -7.22% |
| 2023 | +8.15% | -50.26% |
| 2022 | +1.00% | -81.57% |
MCACU vs NVX Drawdown Comparison
The maximum drawdown for MCACU was -54.21%, occurring on Jul 12, 2024. This drawdown has not yet recovered.
The maximum drawdown for NVX was -98.34%, occurring on Jul 29, 2026. This drawdown has not yet recovered.
The current MCACU drawdown is -54.21%. The current NVX drawdown is -98.09%.
| Rank | MCACU | NVX |
|---|---|---|
| #1 | -54.21% Jun 10, 2024 - Jul 12, 2024 | -98.34% Feb 2, 2022 - Jul 29, 2026 |
| #2 | -1.86% Jun 22, 2023 - Sep 27, 2023 | N/A |
| #3 | -1.83% Sep 27, 2023 - Jun 10, 2024 | N/A |
| #4 | -0.99% Jul 20, 2022 - Mar 8, 2023 | N/A |
| #5 | -0.50% May 11, 2022 - Jun 8, 2022 | N/A |
| #6 | -0.19% Mar 8, 2023 - Apr 12, 2023 | N/A |
| #7 | -0.10% Jun 8, 2022 - Jul 7, 2022 | N/A |
| #8 | -0.10% Jul 12, 2022 - Jul 20, 2022 | N/A |
Correlation
Correlation between MCACU and NVX is 0.40 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Select Stocks to Compare
More Comparisons
Compare with similar stocks