NOEMU vs HRTX

Comparison between CO2 Energy Transition Corp - Units (1 Ord1 War & 1 Rts) (NOEMU, Company) and Heron Therapeutics Inc (HRTX, Company).

NOEMU is from the Financial Services sector, while HRTX is from the Healthcare sector.

NOEMU vs HRTX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOEMU(COMPANY)	HRTX(COMPANY)
Market Cap	$78M	$77M
Max Drawdown	10.47%	99.91%
Sharpe Ratio	0.38	-1.56
5Y Beta	-0.04	1.27
Industry	Shell Companies	Biotechnology
P/E Ratio	49.92	-2.84
Forward P/E	N/A	46.95
PEG Ratio	0.19	-0.18
Debt to Equity	0.02%	0.00%
Free Cash Flow Yield	-1.99%	-26.93%
P/S Ratio	N/A	0.51
P/B Ratio	N/A	9.36

Market Cap

Winner

NOEMU

$78M

HRTX

$77M

Max Drawdown

Winner

NOEMU

10.47%

HRTX

99.91%

Sharpe Ratio

Winner

NOEMU

0.38

HRTX

-1.56

5Y Beta

Winner

NOEMU

-0.04

HRTX

1.27

Industry

NOEMU

Shell Companies

HRTX

Biotechnology

P/E Ratio

NOEMU

49.92

Winner

HRTX

-2.84

Forward P/E

NOEMU

N/A

HRTX

46.95

PEG Ratio

NOEMU

0.19

Winner

HRTX

-0.18

Debt to Equity

NOEMU

0.02%

Winner

HRTX

0.00%

Free Cash Flow Yield

Winner

NOEMU

-1.99%

HRTX

-26.93%

P/S Ratio

NOEMU

N/A

HRTX

0.51

P/B Ratio

NOEMU

N/A

HRTX

9.36

NOEMU vs HRTX - Historical Returns

Returns include dividend reinvestment.

Period	NOEMU	HRTX
1 month	-4.98%	-58.50%
3 months	+0.81%	-56.88%
6 months	+0.81%	-70.80%
1 year	+8.91%	-80.09%
5 years(CAGR)	N/A	-51.80%
10 years(CAGR)	N/A	-31.72%
Max(CAGR)	+8.01%	-22.07%

Winner

NOEMU

-4.98%

HRTX

-58.50%

Winner

NOEMU

+0.81%

HRTX

-56.88%

Winner

NOEMU

+0.81%

HRTX

-70.80%

Winner

NOEMU

+8.91%

HRTX

-80.09%

5Y(CAGR)

NOEMU

N/A

HRTX

-51.80%

10Y(CAGR)

NOEMU

N/A

HRTX

-31.72%

Max(CAGR)

Winner

NOEMU

+8.01%

HRTX

-22.07%

NOEMU vs HRTX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NOEMU	HRTX
2026	+0.81%	-68.25%
2025	+11.27%	-18.75%
2024	+0.40%	-19.05%
2023	N/A	-30.04%
2022	N/A	-74.85%
2021	N/A	-55.94%
2020	N/A	-8.69%
2019	N/A	-9.62%
2018	N/A	+40.22%
2017	N/A	+35.07%
2016	N/A	-47.73%
2015	N/A	+167.80%
2014	N/A	+9.35%
2013	N/A	-20.54%
2012	N/A	+136.96%
2011	N/A	-51.06%
2010	N/A	-67.77%
2009	N/A	+152.20%
2008	N/A	-73.58%
2007	N/A	-71.58%
2006	N/A	-11.04%
2005	N/A	-6.13%
2004	N/A	-28.26%
2003	N/A	+145.00%
2002	N/A	-61.54%
2001	N/A	+21.05%
2000	N/A	-34.48%
1999	N/A	-9.83%

NOEMU vs HRTX Drawdown Comparison

The maximum drawdown for NOEMU was -10.47%, occurring on May 26, 2026. This drawdown has not yet recovered.

The maximum drawdown for HRTX was -99.91%, occurring on Jun 12, 2026. This drawdown has not yet recovered.

The current NOEMU drawdown is -4.98%. The current HRTX drawdown is -99.91%.

Rank	NOEMU	HRTX
#1	-10.47% Apr 28, 2026 - May 26, 2026	-99.91% Mar 9, 2000 - Jun 12, 2026
#2	-3.62% Jan 24, 2025 - Jul 2, 2025	-30.17% Nov 3, 1999 - Jan 10, 2000
#3	-1.79% Oct 17, 2025 - Apr 28, 2026	-16.43% Jan 10, 2000 - Feb 8, 2000
#4	-0.40% Dec 23, 2024 - Jan 8, 2025	-14.61% Mar 3, 2000 - Mar 9, 2000
#5	-0.20% Jan 15, 2025 - Jan 24, 2025	-13.51% Feb 9, 2000 - Mar 3, 2000
#6	-0.15% Jul 14, 2025 - Oct 17, 2025	-1.65% Nov 1, 1999 - Nov 3, 1999
#7	-0.11% Dec 4, 2024 - Dec 20, 2024	N/A
#8	-0.08% Nov 25, 2024 - Nov 29, 2024	N/A

Correlation

Correlation between NOEMU and HRTX is -0.65 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.65

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