TMAC vs FWDI

Comparison between Music Acquisition Corporation - Series A (TMAC, Company) and Forward Industries Inc (FWDI, Company).

TMAC vs FWDI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TMAC(COMPANY)	FWDI(COMPANY)
Market Cap	$290M	$290M
Max Drawdown	3.52%	98.85%
Sharpe Ratio	-0.44	-0.25
5Y Beta	N/A	0.91
Industry	N/A	Footwear & Accessories
P/E Ratio	26.49	-1.96
Forward P/E	N/A	44.44
PEG Ratio	N/A	2.53
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	-0.24%	-5.01%
P/S Ratio	N/A	6.25
P/B Ratio	-32.12	0.54

Market Cap

Winner

TMAC

$290M

FWDI

$290M

Max Drawdown

Winner

TMAC

3.52%

FWDI

98.85%

Sharpe Ratio

TMAC

-0.44

Winner

FWDI

-0.25

5Y Beta

TMAC

N/A

FWDI

0.91

Industry

TMAC

N/A

FWDI

Footwear & Accessories

P/E Ratio

TMAC

26.49

Winner

FWDI

-1.96

Forward P/E

TMAC

N/A

FWDI

44.44

PEG Ratio

TMAC

N/A

FWDI

2.53

Debt to Equity

TMAC

0.00%

FWDI

0.00%

Free Cash Flow Yield

Winner

TMAC

-0.24%

FWDI

-5.01%

P/S Ratio

TMAC

N/A

FWDI

6.25

P/B Ratio

Winner

TMAC

-32.12

FWDI

0.54

TMAC vs FWDI - Historical Returns

Returns include dividend reinvestment.

Period	TMAC	FWDI
1 month	+0.80%	-2.49%
3 months	+2.64%	-10.74%
6 months	+2.85%	-36.59%
1 year	+3.38%	-62.69%
5 years(CAGR)	N/A	-30.95%
10 years(CAGR)	N/A	-12.01%
Max(CAGR)	+2.74%	-6.78%

Winner

TMAC

+0.80%

FWDI

-2.49%

Winner

TMAC

+2.64%

FWDI

-10.74%

Winner

TMAC

+2.85%

FWDI

-36.59%

Winner

TMAC

+3.38%

FWDI

-62.69%

5Y(CAGR)

TMAC

N/A

FWDI

-30.95%

10Y(CAGR)

TMAC

N/A

FWDI

-12.01%

Max(CAGR)

Winner

TMAC

+2.74%

FWDI

-6.78%

TMAC vs FWDI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TMAC	FWDI
2026	N/A	-43.71%
2025	N/A	+31.94%
2024	N/A	-31.35%
2023	N/A	-29.18%
2022	+3.80%	-34.66%
2021	+1.14%	-17.02%
2020	N/A	+80.20%
2019	N/A	-26.12%
2018	N/A	+4.00%
2017	N/A	+3.36%
2016	N/A	-12.59%
2015	N/A	+43.69%
2014	N/A	-36.97%
2013	N/A	+2.65%
2012	N/A	-11.38%
2011	N/A	-45.78%
2010	N/A	+58.62%
2009	N/A	-6.67%
2008	N/A	-5.91%
2007	N/A	-45.01%
2006	N/A	-54.11%
2005	N/A	+114.46%
2004	N/A	+50.90%
2003	N/A	+110.53%
2002	N/A	+10.10%
2001	N/A	-13.00%
2000	N/A	-69.39%
1999	N/A	+20.91%

TMAC vs FWDI Drawdown Comparison

The maximum drawdown for TMAC was -3.52%, occurring on Aug 25, 2021. Recovery took 345 trading sessions.

The maximum drawdown for FWDI was -98.85%, occurring on Sep 24, 2024. This drawdown has not yet recovered.

The current FWDI drawdown is -98.57%.

Rank	TMAC	FWDI
#1	-3.52% Jun 11, 2021 - Oct 24, 2022	-98.85% Sep 8, 2005 - Sep 24, 2024
#2	-2.13% Apr 8, 2021 - Jun 11, 2021	-85.50% Jan 27, 2000 - Dec 22, 2004
#3	-1.43% Mar 31, 2021 - Apr 8, 2021	-34.71% Apr 6, 2005 - May 9, 2005
#4	-0.20% Nov 18, 2022 - Nov 28, 2022	-30.48% Jun 6, 2005 - Jul 25, 2005
#5	-0.10% Oct 31, 2022 - Nov 4, 2022	-25.93% Dec 13, 1999 - Jan 25, 2000
#6	-0.10% Nov 7, 2022 - Nov 17, 2022	-18.17% Feb 3, 2005 - Mar 1, 2005
#7	-0.05% Oct 26, 2022 - Oct 28, 2022	-17.89% Aug 3, 2005 - Sep 8, 2005
#8	N/A	-17.77% Jan 24, 2005 - Feb 3, 2005
#9	N/A	-17.74% Dec 28, 2004 - Jan 20, 2005
#10	N/A	-15.71% Mar 2, 2005 - Mar 15, 2005
#11	N/A	-15.16% Nov 10, 1999 - Dec 9, 1999
#12	N/A	-8.84% May 26, 2005 - Jun 6, 2005
#13	N/A	-8.51% Nov 2, 1999 - Nov 10, 1999
#14	N/A	-6.79% May 9, 2005 - May 16, 2005
#15	N/A	-6.45% Jan 20, 2005 - Jan 24, 2005

Correlation

Correlation between TMAC and FWDI is -0.66 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.66

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