OPTT vs IXHL
Comparison between Ocean Power Technologies - Reg S (OPTT, Company) and Incannex Healthcare Inc (IXHL, Company).
OPTT is from the Industrials sector, while IXHL is from the Healthcare sector.
OPTT vs IXHL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
OPTT vs IXHL - Historical Returns
Returns include dividend reinvestment.
OPTT vs IXHL - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | OPTT | IXHL |
|---|---|---|
| 2026 | -41.62% | -69.49% |
| 2025 | -70.30% | -82.23% |
| 2024 | +223.30% | -51.82% |
| 2023 | -28.99% | -41.93% |
| 2022 | -71.51% | N/A |
| 2021 | -45.19% | N/A |
| 2020 | +205.65% | N/A |
| 2019 | -88.10% | N/A |
| 2018 | -69.36% | N/A |
| 2017 | -63.09% | N/A |
| 2016 | +29.96% | N/A |
| 2015 | -67.69% | N/A |
| 2014 | -69.20% | N/A |
| 2013 | -11.93% | N/A |
| 2012 | -16.07% | N/A |
| 2011 | -54.61% | N/A |
| 2010 | -38.16% | N/A |
| 2009 | +15.07% | N/A |
| 2008 | -57.23% | N/A |
| 2007 | -90.90% | N/A |
OPTT vs IXHL Drawdown Comparison
The maximum drawdown for OPTT was -100.00%, occurring on Jun 18, 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 OPTT drawdown is -100.00%. The current IXHL drawdown is -98.64%.
| Rank | OPTT | IXHL |
|---|---|---|
| #1 | -100.00% Apr 25, 2007 - Jun 18, 2024 | -99.03% Dec 5, 2023 - May 12, 2025 |
| #2 | N/A | -34.54% Nov 30, 2023 - Dec 5, 2023 |
Correlation
Correlation between OPTT and IXHL is -0.19 which considered as a very weak or no correlation - the stocks move independently of each other.
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