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