MIND vs IXHL

Comparison between MIND Technology Inc (MIND, Company) and Incannex Healthcare Inc (IXHL, Company).

MIND is from the Technology sector, while IXHL is from the Healthcare sector.

MIND vs IXHL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MIND(COMPANY)	IXHL(COMPANY)
Market Cap	$45M	$44M
Max Drawdown	98.78%	99.03%
Sharpe Ratio	-0.29	0.51
5Y Beta	1.36	0.30
Industry	Scientific & Technical Instruments	Drug Manufacturers - Specialty & Generic
P/E Ratio	28.17	-0.52
Forward P/E	105.26	3.78
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	-7.41%	-39.88%

Market Cap

Winner

MIND

$45M

IXHL

$44M

Max Drawdown

Winner

MIND

98.78%

IXHL

99.03%

Sharpe Ratio

MIND

-0.29

Winner

IXHL

0.51

5Y Beta

MIND

1.36

Winner

IXHL

0.30

Industry

MIND

Scientific & Technical Instruments

IXHL

Drug Manufacturers - Specialty & Generic

P/E Ratio

MIND

28.17

Winner

IXHL

-0.52

Forward P/E

MIND

105.26

Winner

IXHL

3.78

Debt to Equity

MIND

0.00%

IXHL

0.00%

Free Cash Flow Yield

Winner

MIND

-7.41%

IXHL

-39.88%

MIND vs IXHL - Historical Returns

Returns include dividend reinvestment.

Period	MIND	IXHL
1 month	-30.10%	-7.67%
3 months	-44.82%	+16.91%
6 months	-45.62%	-73.62%
1 year	-42.69%	-50.76%
5 years(CAGR)	-24.97%	N/A
10 years(CAGR)	-18.63%	N/A
Max(CAGR)	-7.18%	-81.30%

MIND

-30.10%

Winner

IXHL

-7.67%

MIND

-44.82%

Winner

IXHL

+16.91%

Winner

MIND

-45.62%

IXHL

-73.62%

Winner

MIND

-42.69%

IXHL

-50.76%

5Y(CAGR)

MIND

-24.97%

IXHL

N/A

10Y(CAGR)

MIND

-18.63%

IXHL

N/A

Max(CAGR)

Winner

MIND

-7.18%

IXHL

-81.30%

MIND vs IXHL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MIND	IXHL
2026	-45.56%	-72.22%
2025	+14.45%	-82.23%
2024	+21.91%	-51.82%
2023	+40.81%	-41.93%
2022	-72.95%	N/A
2021	-23.60%	N/A
2020	-21.95%	N/A
2019	-10.31%	N/A
2018	-21.95%	N/A
2017	-23.61%	N/A
2016	+36.51%	N/A
2015	-48.55%	N/A
2014	-66.09%	N/A
2013	+25.78%	N/A
2012	-38.88%	N/A
2011	+85.24%	N/A
2010	+50.59%	N/A
2009	+75.89%	N/A
2008	-80.25%	N/A
2007	+70.06%	N/A
2006	-31.71%	N/A
2005	+161.14%	N/A
2004	+81.08%	N/A
2003	+200.00%	N/A
2002	-73.56%	N/A
2001	+13.75%	N/A
2000	+3.64%	N/A
1999	-3.51%	N/A

MIND vs IXHL Drawdown Comparison

The maximum drawdown for MIND was -98.78%, occurring on Sep 9, 2024. This drawdown has not yet recovered.

The maximum drawdown for IXHL was -99.03%, occurring on May 12, 2025. This drawdown has not yet recovered.

The current MIND drawdown is -98.12%. The current IXHL drawdown is -98.76%.

Rank	MIND	IXHL
#1	-98.78% Feb 24, 2012 - Sep 9, 2024	-99.03% Dec 5, 2023 - May 12, 2025
#2	-90.56% Jan 31, 2006 - Feb 23, 2012	-34.54% Nov 30, 2023 - Dec 5, 2023
#3	-86.53% Jun 12, 2001 - Nov 1, 2004	N/A
#4	-51.28% Sep 12, 2000 - Jun 12, 2001	N/A
#5	-37.50% Mar 7, 2000 - Sep 8, 2000	N/A
#6	-36.07% Nov 11, 2004 - Jul 5, 2005	N/A
#7	-25.71% Nov 17, 1999 - Jan 18, 2000	N/A
#8	-22.22% Jan 18, 2000 - Mar 2, 2000	N/A
#9	-15.60% Aug 4, 2005 - Sep 16, 2005	N/A
#10	-10.26% Sep 30, 2005 - Oct 31, 2005	N/A
#11	-7.56% Jul 26, 2005 - Aug 2, 2005	N/A
#12	-7.50% Jan 10, 2006 - Jan 19, 2006	N/A
#13	-6.61% Dec 19, 2005 - Jan 4, 2006	N/A
#14	-6.09% Jul 12, 2005 - Jul 19, 2005	N/A
#15	-5.05% Oct 31, 2005 - Nov 17, 2005	N/A

Correlation

Correlation between MIND and IXHL is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

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