Avino Silver & Gold Mines (ASM)
Market Price (3/30/2026): $5.95 | Market Cap: $933.2 MilSector: Materials | Industry: Precious Metals & Minerals
Avino Silver & Gold Mines (ASM)
Market Price (3/30/2026): $5.95Market Cap: $933.2 MilSector: MaterialsIndustry: Precious Metals & Minerals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 34x |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 39% | Stock price has recently run up significantly12M Rtn12 month market price return is 214% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39% | Key risksASM key risks include [1] execution uncertainty for key projects like La Preciosa, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30% | |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Battery Technology & Metals, and Sustainable Resource Management. Themes include Solar Energy Generation, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 39% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Battery Technology & Metals, and Sustainable Resource Management. Themes include Solar Energy Generation, Show more. |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 34x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 214% |
| Key risksASM key risks include [1] execution uncertainty for key projects like La Preciosa, Show more. |
Qualitative Assessment
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Avino Silver & Gold Mines (ASM) stock has gained about 5% since 11/30/2025 because of the following key factors:
1. Mixed Q4 2025 Financial Results Presented a Balanced Picture. Avino Silver & Gold Mines reported record revenues of $30.5 million for Q4 2025, a 25% increase from Q4 2024, and full-year 2025 revenues of $92.2 million, up 39% from 2024, exceeding analyst forecasts by 6.23%. The company also achieved a record net income of $26.6 million for the full year and maintained a strong balance sheet with $102 million in cash. However, Q4 2025 earnings per share (EPS) of $0.06 missed analyst expectations of $0.08 by 25%, and all-in sustaining cash costs increased by 15% to $23.75 per silver equivalent ounce. This combination of record revenues and strong financial health, alongside an EPS miss and rising costs, created offsetting pressures on the stock, contributing to its stable net movement.
2. Precious Metals Market Experienced Significant Volatility. The broader market for gold and silver underwent a "boom and bust" cycle, with strong rallies throughout 2025 and into early January 2026, followed by sharp corrections in late January, February, and March 2026. For instance, silver prices dropped by 4.2% on March 26, 2026. This volatility was partly driven by retail investor exuberance, the rebalancing of leveraged ETFs, and shifting expectations regarding U.S. interest rate cuts due to rising inflation concerns and a strengthening U.S. dollar. The general instability in commodity prices for its core products likely contributed to Avino's stock remaining range-bound within the specified period.
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1. Mixed Q4 2025 Financial Results Presented a Balanced Picture. Avino Silver & Gold Mines reported record revenues of $30.5 million for Q4 2025, a 25% increase from Q4 2024, and full-year 2025 revenues of $92.2 million, up 39% from 2024, exceeding analyst forecasts by 6.23%. The company also achieved a record net income of $26.6 million for the full year and maintained a strong balance sheet with $102 million in cash. However, Q4 2025 earnings per share (EPS) of $0.06 missed analyst expectations of $0.08 by 25%, and all-in sustaining cash costs increased by 15% to $23.75 per silver equivalent ounce. This combination of record revenues and strong financial health, alongside an EPS miss and rising costs, created offsetting pressures on the stock, contributing to its stable net movement.
2. Precious Metals Market Experienced Significant Volatility. The broader market for gold and silver underwent a "boom and bust" cycle, with strong rallies throughout 2025 and into early January 2026, followed by sharp corrections in late January, February, and March 2026. For instance, silver prices dropped by 4.2% on March 26, 2026. This volatility was partly driven by retail investor exuberance, the rebalancing of leveraged ETFs, and shifting expectations regarding U.S. interest rate cuts due to rising inflation concerns and a strengthening U.S. dollar. The general instability in commodity prices for its core products likely contributed to Avino's stock remaining range-bound within the specified period.
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Stock Movement Drivers
Fundamental Drivers
The 6.1% change in ASM stock from 11/30/2025 to 3/29/2026 was primarily driven by a 16.9% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.60 | 5.94 | 6.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 86 | 92 | 7.2% |
| Net Income Margin (%) | 24.7% | 28.9% | 16.9% |
| P/E Multiple | 39.0 | 35.0 | -10.2% |
| Shares Outstanding (Mil) | 148 | 157 | -5.6% |
| Cumulative Contribution | 6.1% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ASM | 6.1% | |
| Market (SPY) | -5.3% | 47.4% |
| Sector (XLB) | 10.0% | 58.4% |
Fundamental Drivers
The 32.9% change in ASM stock from 8/31/2025 to 3/29/2026 was primarily driven by a 56.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.47 | 5.94 | 32.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 80 | 92 | 15.8% |
| Net Income Margin (%) | 18.5% | 28.9% | 56.1% |
| P/E Multiple | 43.7 | 35.0 | -20.0% |
| Shares Outstanding (Mil) | 144 | 157 | -8.1% |
| Cumulative Contribution | 32.9% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ASM | 32.9% | |
| Market (SPY) | 0.6% | 42.9% |
| Sector (XLB) | 7.1% | 49.4% |
Fundamental Drivers
The 379.0% change in ASM stock from 2/28/2025 to 3/29/2026 was primarily driven by a 339.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.24 | 5.94 | 379.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 54 | 92 | 69.8% |
| Net Income Margin (%) | 6.6% | 28.9% | 339.5% |
| P/E Multiple | 46.9 | 35.0 | -25.4% |
| Shares Outstanding (Mil) | 135 | 157 | -13.9% |
| Cumulative Contribution | 379.0% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ASM | 379.0% | |
| Market (SPY) | 9.8% | 33.2% |
| Sector (XLB) | 12.4% | 40.6% |
Fundamental Drivers
The 754.7% change in ASM stock from 2/28/2023 to 3/29/2026 was primarily driven by a 153.4% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.69 | 5.94 | 754.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 39 | 92 | 137.4% |
| Net Income Margin (%) | 11.4% | 28.9% | 153.4% |
| P/E Multiple | 18.5 | 35.0 | 89.0% |
| Shares Outstanding (Mil) | 118 | 157 | -24.8% |
| Cumulative Contribution | 754.7% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ASM | 754.7% | |
| Market (SPY) | 69.4% | 30.0% |
| Sector (XLB) | 26.8% | 36.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ASM Return | -34% | -21% | -23% | 68% | 605% | -8% | 338% |
| Peers Return | -26% | -21% | -16% | 36% | 205% | -3% | 96% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| ASM Win Rate | 25% | 42% | 33% | 50% | 83% | 67% | |
| Peers Win Rate | 32% | 47% | 45% | 48% | 68% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| ASM Max Drawdown | -41% | -44% | -38% | -16% | 0% | -14% | |
| Peers Max Drawdown | -32% | -42% | -36% | -28% | -8% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PAAS, AG, HL, CDE, EXK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | ASM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -77.2% | -25.4% |
| % Gain to Breakeven | 338.5% | 34.1% |
| Time to Breakeven | 493 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -55.9% | -33.9% |
| % Gain to Breakeven | 126.8% | 51.3% |
| Time to Breakeven | 64 days | 148 days |
| 2018 Correction | ||
| % Loss | -80.1% | -19.8% |
| % Gain to Breakeven | 402.3% | 24.7% |
| Time to Breakeven | 2,165 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -90.5% | -56.8% |
| % Gain to Breakeven | 948.8% | 131.3% |
| Time to Breakeven | 740 days | 1,480 days |
Compare to PAAS, AG, HL, CDE, EXK
In The Past
Avino Silver & Gold Mines's stock fell -77.2% during the 2022 Inflation Shock from a high on 2/1/2021. A -77.2% loss requires a 338.5% gain to breakeven.
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About Avino Silver & Gold Mines (ASM)
Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprises four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico. It also owns 100% interests in the Minto and Olympic-Kelvin properties located in British Columbia, Canada; and 14 quartz leases in Eagle property located in the Mayo Mining Division of Yukon, Canada. The company was incorporated in 1968 and is headquartered in Vancouver, Canada.
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- Think of it as a smaller, North American focused version of Pan American Silver, exploring for and mining silver, gold, and copper.
- It's like a more focused, smaller-scale Teck Resources, concentrating specifically on silver, gold, and copper deposits in Canada and Mexico.
- Imagine a smaller, Canadian-headquartered company operating similarly to Freeport-McMoRan, but with a stronger emphasis on silver and gold alongside copper mining.
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- Silver: A precious metal primarily extracted from its mineral properties.
- Gold: A precious metal primarily extracted from its mineral properties.
- Copper: An industrial metal primarily extracted from its mineral properties.
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Avino Silver & Gold Mines Ltd. (ASM) operates as an upstream mining company, primarily engaged in the exploration, acquisition, and advancement of mineral properties for silver, gold, and copper deposits. As such, it produces raw or semi-processed mineral products (such as doré bars or concentrates).
The company sells its output primarily to other companies within the metal processing and refining industry, rather than directly to individuals. Its major customers typically fall into the following categories:
- Smelters and Refiners: Companies that process raw ore or mineral concentrates into refined metals.
- Metal Traders and Brokers: Intermediaries who buy and sell commodities on the global market.
- Industrial Purchasers: Companies that may purchase raw materials for further industrial applications.
Due to the nature of commodity production and sales in the mining sector, Avino Silver & Gold Mines Ltd. does not publicly disclose the names of its specific major customer companies. Mining companies typically sell their products into the global commodity market, often under various sales agreements, and specific customer names are generally not provided in their public filings.
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David Wolfin, President, CEO & Director Mr. Wolfin has over 35 years of experience in the mineral resources industry, encompassing exploration, development, construction, and operations across North America. He led Avino's growth from partial ownership of the closed Avino mine in 2001 to full ownership and commercial production in 2012. Under his leadership, Avino grew to over 500 employees, reached a market cap of US$800 million, and ranked 5th on the 2025 TSX 30. With a background in finance from the Vancouver Stock Exchange and securities firms, Mr. Wolfin has completed over US$350 million in financings and strategic deals, including the sale of Coral Gold's Robertson Project to Barrick and Newmont, resulting in a 2,000% shareholder gain. He also manages the Oniva International Services Group, which supports several mining and exploration companies. His father founded Avino Silver & Gold Mines in 1968. Nathan Harte, CFO Mr. Harte is a Canadian Chartered Professional Accountant (CPA) with over a decade of experience in finance across mineral exploration, development, production, and royalties in North and South America and Africa. He joined Avino in 2016 and became CFO in 2018, guiding its growth into one of Mexico's fastest-growing silver producers. He has led over US$300 million in financing and M&A transactions, including the acquisition of La Preciosa and the sale of Bralorne Gold Mines Ltd. Previously, he was CFO of Coral Gold Resources Ltd. and also served as CFO for other companies within the Oniva International Services Group, including Coral Gold Resources Ltd. and Bralorne Gold Mines Ltd. prior to their sales. He also currently serves as CFO of Silver Wolf Exploration Ltd. Carlos Rodriguez, COO Carlos Rodriguez serves as the Chief Operating Officer of Avino Silver & Gold Mines. Peter Latta, VP, Technical Services Peter Latta joined Avino in February 2018 as Senior Technical Advisor and was appointed VP Technical Services in January 2020. He manages Avino's trading relationships and provides high-level technical support to the company's operating mines in Durango, Mexico. Prior to Avino, he held senior positions with Gekko Systems and Takraf Canada and assisted in the startup, operation, and shutdown of Alexco's Keno Hill operation. Jasmine Trevitt, Corporate Secretary Ms. Trevitt has over 25 years of experience in securities and corporate finance. She joined Avino Silver & Gold Mines Ltd. as Corporate Secretary in December 2021, bringing extensive expertise from her 13 years as Corporate Secretary and Vice President, Corporate Affairs at Minco Silver Corporation and Minco Capital Corp. She also serves as Corporate Secretary for Silver Wolf Exploration Ltd.AI Analysis | Feedback
The key risks to Avino Silver & Gold Mines (ASM) primarily stem from the inherent volatility of the mining sector and its specific operational environment:
- Commodity Price Volatility: Avino Silver & Gold Mines is highly susceptible to fluctuations in the prices of silver, gold, and copper, as its production remains "completely unhedged". This direct exposure to metal price swings can significantly impact the company's revenue and overall profitability.
- Operational Execution and Production Risks: The company faces challenges related to managing its operational execution, including the head grade (concentration of metal in the ore) which directly affects production output. Rising All-in Sustaining Costs (AISC) and lower feed grades have previously impacted production. Additionally, there are inherent risks of potential delays or cost overruns in key development projects, such as the La Preciosa mine, which could affect future performance.
- Jurisdictional and Regulatory Risks in Mexico: As Avino's primary revenue stream comes from its Avino Mine property in Durango, Mexico, the company is exposed to changes in the economic and political landscape of Mexico. This includes the impact of movements between the U.S. dollar and the Mexican peso, potential tariff discussions, and the risk of changes in mining regulations, all of which could pose operational or financial challenges.
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Addressable Markets for Avino Silver & Gold Mines (ASM) Products
Avino Silver & Gold Mines Ltd. primarily explores for silver, gold, and copper deposits. The addressable markets for these main products are as follows:Silver
The global silver market size was valued at USD 87.12 billion in 2024. Other estimates indicate the global silver market size was valued at USD 21.21 billion in 2024 and is anticipated to reach USD 21.91 billion in 2025. Global silver demand is expected to be 1.20 billion ounces in 2025.Gold
The global gold market was valued at USD 291.68 billion in 2024. In terms of volume, the global gold market size stood at 4,890.0 tons in 2025.Copper
The global copper market size was estimated at USD 241.88 billion in 2024. It was valued at USD 291.12 billion in 2025. Global copper mine output in 2024 is expected to reach 22.9 million tonnes.AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Avino Silver & Gold Mines (ASM) over the next 2-3 years:
- Increased Production and Development at La Preciosa Mine: Avino Silver & Gold Mines is focused on significantly increasing production capacity at its La Preciosa mine, with a goal of reaching 500 tonnes per day in the second half of 2026. The company has already commenced processing mineralized development material from La Preciosa, and its acquisition of outstanding royalties and contingent payments on the property has strengthened its ownership and improved project economics. This initiative is a core part of its strategy to transition to a multi-asset producer.
- Strategic Exploration and Drilling Programs: Avino Silver & Gold Mines plans an extensive 30,000-meter drilling program for 2026, evenly split between the Avino Mine and La Preciosa properties. This aggressive exploration aims to unlock additional resource potential, leading to an updated Mineral Resource Estimate and an inaugural Mineral Reserve Estimate in the first half of 2026, which will support future production growth.
- Mill Equipment Upgrades and Improved Recovery Rates: The company is investing in upgrading its mill equipment, specifically targeting improvements in recovery rates. Past upgrades and automation enhancements have already resulted in elevated mill throughput, and continued investment in this area is expected to lead to greater metal recovery from processed ore, thereby boosting revenue.
- Favorable Metal Price Environment: Avino Silver & Gold Mines has benefited significantly from higher realized metal prices, particularly for silver, which contributed to record revenues in 2025. A sustained favorable precious metals market is anticipated to continue supporting the company's strong financial performance and revenue growth in the coming years.
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Share Issuance
- Avino Silver & Gold Mines renewed and increased its at-the-market (ATM) equity program in November 2025, allowing it to sell common shares for aggregate gross proceeds up to US$60 million.
- In 2025, financing cash flow, largely from ATM share issuances and option exercises, amounted to $73.9 million, which led to an increase in share capital from $163.3 million to $243.3 million.
- The number of outstanding shares increased by 16.25% in 2025, 3.98% in 2024, 3.87% in 2023, 16.07% in 2022, and 16.61% in 2021.
Outbound Investments
- In 2025, Avino strategically acquired the La Preciosa royalties for $13.25 million, with an additional $8.75 million deferred obligation due in Q3 2026. This acquisition secured 100% ownership of La Preciosa and strengthened its cost profile.
Capital Expenditures
- Capital expenditures in 2025 totaled $26.7 million, including the $13.25 million acquisition of La Preciosa royalties. Excluding this acquisition, capital expenditures were within the guided range of $13 million to $18 million.
- Capital expenditures for 2024 were $6.6 million.
- For 2025, budgeted growth capital was allocated to the Avino Mine and La Preciosa, focusing on underground mining equipment, mine development, surface works, deeper mine development at Avino, and mill/processing upgrades. Additionally, exploration expenditures were budgeted between $1 million and $2 million.
- For 2026, budgeted growth capital includes expenditures at the Avino Mine and La Preciosa, with a planned 30,000-meter drilling program split between both properties and investments in mill equipment.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Avino Silver & Gold Mines Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.53 |
| Mkt Cap | 10.5 |
| Rev LTM | 1,344 |
| Op Inc LTM | 443 |
| FCF LTM | 310 |
| FCF 3Y Avg | 70 |
| CFO LTM | 544 |
| CFO 3Y Avg | 265 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 74.7% |
| Rev Chg 3Y Avg | 36.5% |
| Rev Chg Q | 100.2% |
| QoQ Delta Rev Chg LTM | 19.0% |
| Op Mgn LTM | 34.5% |
| Op Mgn 3Y Avg | 17.9% |
| QoQ Delta Op Mgn LTM | 7.3% |
| CFO/Rev LTM | 38.2% |
| CFO/Rev 3Y Avg | 23.6% |
| FCF/Rev LTM | 23.2% |
| FCF/Rev 3Y Avg | 2.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 10.5 |
| P/S | 7.0 |
| P/EBIT | 20.0 |
| P/E | 28.7 |
| P/CFO | 20.3 |
| Total Yield | 2.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -0.3% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -35.7% |
| 3M Rtn | -11.0% |
| 6M Rtn | 25.9% |
| 12M Rtn | 193.9% |
| 3Y Rtn | 194.2% |
| 1M Excs Rtn | -26.7% |
| 3M Excs Rtn | -0.7% |
| 6M Excs Rtn | 36.1% |
| 12M Excs Rtn | 180.6% |
| 3Y Excs Rtn | 164.9% |
Price Behavior
Price Behavior
| Market Price | $5.94 | |
| Market Cap ($ Bil) | 0.9 | |
| First Trading Date | 11/21/2005 | |
| Distance from 52W High | -47.2% | |
| 50 Days | 200 Days | |
| DMA Price | $8.38 | $5.62 |
| DMA Trend | up | up |
| Distance from DMA | -29.1% | 5.7% |
| 3M | 1YR | |
| Volatility | 108.6% | 84.1% |
| Downside Capture | 2.89 | 1.26 |
| Upside Capture | 573.38 | 270.72 |
| Correlation (SPY) | 48.0% | 35.1% |
ASM Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.83 | 3.91 | 3.58 | 2.86 | 1.34 | 1.33 |
| Up Beta | 6.64 | 1.41 | 2.49 | 1.91 | 1.26 | 1.32 |
| Down Beta | 3.34 | 2.57 | 3.13 | 1.99 | 1.04 | 1.55 |
| Up Capture | 472% | 995% | 870% | 894% | 765% | 579% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 21 | 31 | 60 | 129 | 361 |
| Down Capture | 478% | 302% | 215% | 216% | 77% | 94% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 20 | 30 | 64 | 119 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASM | |
|---|---|---|---|---|
| ASM | 202.7% | 83.9% | 1.69 | - |
| Sector ETF (XLB) | 14.6% | 20.9% | 0.55 | 43.4% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 35.4% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 61.5% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 29.9% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 26.3% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 26.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASM | |
|---|---|---|---|---|
| ASM | 32.5% | 64.9% | 0.70 | - |
| Sector ETF (XLB) | 6.7% | 18.9% | 0.25 | 37.4% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 30.1% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 56.0% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 31.7% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 22.9% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 19.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASM | |
|---|---|---|---|---|
| ASM | 17.6% | 70.0% | 0.53 | - |
| Sector ETF (XLB) | 10.1% | 20.6% | 0.44 | 29.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 24.5% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 50.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 26.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 21.2% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 15.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 6-K |
| 03/31/2025 | 05/13/2025 | 6-K |
| 12/31/2024 | 03/12/2025 | 40-F |
| 09/30/2024 | 11/13/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/08/2024 | 6-K |
| 12/31/2023 | 03/29/2024 | 40-F |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/11/2023 | 6-K |
| 03/31/2023 | 05/23/2023 | 6-K |
| 12/31/2022 | 04/03/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| 06/30/2022 | 08/11/2022 | 6-K |
| 03/31/2022 | 05/12/2022 | 6-K |
| 12/31/2021 | 03/31/2022 | 20-F |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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