TMAC vs NOACU

Comparison between Music Acquisition Corporation - Series A (TMAC, Company) and Natural Order Acquisition Corp - Units (1 Ord & 1 War) (NOACU, Company).

TMAC vs NOACU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TMAC(COMPANY)	NOACU(COMPANY)
Market Cap	$290M	$289M
Max Drawdown	3.52%	26.56%
Sharpe Ratio	-0.44	-0.66
P/E Ratio	26.49	89.17
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	-0.24%	-0.63%
P/B Ratio	-32.12	-36.88

Market Cap

Winner

TMAC

$290M

NOACU

$289M

Max Drawdown

Winner

TMAC

3.52%

NOACU

26.56%

Sharpe Ratio

Winner

TMAC

-0.44

NOACU

-0.66

P/E Ratio

Winner

TMAC

26.49

NOACU

89.17

Debt to Equity

TMAC

0.00%

NOACU

0.00%

Free Cash Flow Yield

Winner

TMAC

-0.24%

NOACU

-0.63%

P/B Ratio

TMAC

-32.12

Winner

NOACU

-36.88

TMAC vs NOACU - Historical Returns

Returns include dividend reinvestment.

Period	TMAC	NOACU
1 month	+0.80%	+0.30%
3 months	+2.64%	+0.90%
6 months	+2.85%	+0.80%
1 year	+3.38%	-3.00%
Max(CAGR)	+2.74%	-0.35%

Winner

TMAC

+0.80%

NOACU

+0.30%

Winner

TMAC

+2.64%

NOACU

+0.90%

Winner

TMAC

+2.85%

NOACU

+0.80%

Winner

TMAC

+3.38%

NOACU

-3.00%

Max(CAGR)

Winner

TMAC

+2.74%

NOACU

-0.35%

TMAC vs NOACU - Annual Returns (2020 - 2022)

Returns include dividend reinvestment.

Year	TMAC	NOACU
2022	+3.80%	-0.99%
2021	+1.14%	-7.73%
2020	N/A	+7.32%

TMAC vs NOACU Drawdown Comparison

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

The maximum drawdown for NOACU was -26.56%, occurring on Jan 26, 2022. This drawdown has not yet recovered.

The current NOACU drawdown is -24.45%.

Rank	TMAC	NOACU
#1	-3.52% Jun 11, 2021 - Oct 24, 2022	-26.56% Feb 3, 2021 - Jan 26, 2022
#2	-2.13% Apr 8, 2021 - Jun 11, 2021	-8.90% Jan 25, 2021 - Feb 2, 2021
#3	-1.43% Mar 31, 2021 - Apr 8, 2021	-3.47% Dec 22, 2020 - Jan 12, 2021
#4	-0.20% Nov 18, 2022 - Nov 28, 2022	-2.62% Dec 8, 2020 - Dec 18, 2020
#5	-0.10% Oct 31, 2022 - Nov 4, 2022	-1.68% Jan 14, 2021 - Jan 21, 2021
#6	-0.10% Nov 7, 2022 - Nov 17, 2022	-0.68% Nov 16, 2020 - Nov 19, 2020
#7	-0.05% Oct 26, 2022 - Oct 28, 2022	-0.49% Nov 19, 2020 - Nov 24, 2020
#8	N/A	-0.47% Dec 1, 2020 - Dec 4, 2020
#9	N/A	-0.44% Jan 12, 2021 - Jan 14, 2021
#10	N/A	-0.28% Nov 27, 2020 - Dec 1, 2020
#11	N/A	-0.09% Dec 18, 2020 - Dec 22, 2020

Correlation

Correlation between TMAC and NOACU is -0.33 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.33

-101