Tearsheet

Aether (ATHR)


Market Price (6/20/2026): $2.99 | Market Cap: $36.3 MilSector: Information Technology | Industry: Application Software

Aether (ATHR)


Market Price (6/20/2026): $2.99
Market Cap: $36.3 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Advanced Aviation & Space, and Autonomous Technologies. Themes include Edge AI, Show more.

Weak multi-year price returns
2Y Excs Rtn is -131%, 3Y Excs Rtn is -165%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -362%

Expensive valuation multiples
P/SPrice/Sales ratio is 26x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg QQuarterly Revenue Change % is -1.7%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -378%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -520%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%

High stock price volatility
Vol 12M is 107%

Key risks
ATHR key risks include [1] severe allegations of securities fraud and operating as a potential pump-and-dump scheme, Show more.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Advanced Aviation & Space, and Autonomous Technologies. Themes include Edge AI, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -131%, 3Y Excs Rtn is -165%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -362%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 26x
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg QQuarterly Revenue Change % is -1.7%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -378%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -520%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%
8 High stock price volatility
Vol 12M is 107%
9 Key risks
ATHR key risks include [1] severe allegations of securities fraud and operating as a potential pump-and-dump scheme, Show more.

ATHR in ETFs

Weight = ATHR's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/18/2026

Aether (ATHR) stock has lost about 20% since 2/28/2026 because of the following key factors:

1. Ongoing Concerns from Prior Short Report and Investor Investigations.

A significant factor contributing to Aether's stock decline is the lingering impact of a July 2025 short report from BMF Reports, which alleged "fake filings, insider enrichment, and outright deception" against the company. This report, which also questioned undisclosed insider dealings and lock-up violations, has led to ongoing investigations by law firms as recently as June 12, 2026, creating sustained investor uncertainty and risk for Aether.

2. Limited Revenue Visibility and Lack of Quantitative Forward Guidance.

Aether's Q1 fiscal 2026 earnings report, for the quarter ending December 31, 2025, did not include consolidated revenue figures, and the company refrained from providing formal quantitative forward guidance during the subsequent earnings call. While the fiscal Q2 2026 earnings report, released on May 15, 2026, showed revenue of $0.34 million and a GAAP EPS of -$0.08 (beating the -$0.10 consensus), the overall lack of detailed revenue data and future projections contributed to muted investor sentiment, as the company emphasized strategic investments in R&D and early-stage market expansion.

Show more
Updated on 6/18/2026

Aether (ATHR) stock has lost about 20% since 2/28/2026 because of the following key factors:

1. Ongoing Concerns from Prior Short Report and Investor Investigations.

A significant factor contributing to Aether's stock decline is the lingering impact of a July 2025 short report from BMF Reports, which alleged "fake filings, insider enrichment, and outright deception" against the company. This report, which also questioned undisclosed insider dealings and lock-up violations, has led to ongoing investigations by law firms as recently as June 12, 2026, creating sustained investor uncertainty and risk for Aether.

2. Limited Revenue Visibility and Lack of Quantitative Forward Guidance.

Aether's Q1 fiscal 2026 earnings report, for the quarter ending December 31, 2025, did not include consolidated revenue figures, and the company refrained from providing formal quantitative forward guidance during the subsequent earnings call. While the fiscal Q2 2026 earnings report, released on May 15, 2026, showed revenue of $0.34 million and a GAAP EPS of -$0.08 (beating the -$0.10 consensus), the overall lack of detailed revenue data and future projections contributed to muted investor sentiment, as the company emphasized strategic investments in R&D and early-stage market expansion.

3. Potential for Future Share Dilution.

The company's filing of a shelf registration (S-3) on May 22, 2026, to offer up to $100 million in securities signals a potential for significant future dilution of existing shares. This move, intended to raise capital, suggests an increased share count, which typically places downward pressure on the stock price as the ownership stake of current shareholders is diminished.

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Stock Movement Drivers

Fundamental Drivers

The -17.6% change in ATHR stock from 2/28/2026 to 6/19/2026 was primarily driven by a -17.1% change in the company's P/S Multiple.
(LTM values as of)22820266192026Change
Stock Price ($)3.582.95-17.6%
Change Contribution By: 
Total Revenues ($ Mil)11-0.4%
P/S Multiple31.826.4-17.1%
Shares Outstanding (Mil)1212-0.2%
Cumulative Contribution-17.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/19/2026
ReturnCorrelation
ATHR-17.6% 
Market (SPY)9.2%27.5%
Sector (XLK)38.1%24.2%

Fundamental Drivers

The -51.3% change in ATHR stock from 11/30/2025 to 6/19/2026 was primarily driven by a -49.0% change in the company's P/S Multiple.
(LTM values as of)113020256192026Change
Stock Price ($)6.062.95-51.3%
Change Contribution By: 
Total Revenues ($ Mil)11-2.3%
P/S Multiple51.726.4-49.0%
Shares Outstanding (Mil)1212-2.2%
Cumulative Contribution-51.3%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/19/2026
ReturnCorrelation
ATHR-51.3% 
Market (SPY)9.9%25.4%
Sector (XLK)34.1%21.1%

Fundamental Drivers

The -82.0% change in ATHR stock from 5/31/2025 to 6/19/2026 was primarily driven by a -80.9% change in the company's P/S Multiple.
(LTM values as of)53120256192026Change
Stock Price ($)16.382.95-82.0%
Change Contribution By: 
Total Revenues ($ Mil)11-3.3%
P/S Multiple137.826.4-80.9%
Shares Outstanding (Mil)1212-2.6%
Cumulative Contribution-82.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/19/2026
ReturnCorrelation
ATHR-82.0% 
Market (SPY)28.1%13.1%
Sector (XLK)66.8%12.6%

Fundamental Drivers

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Market Drivers

5/31/2023 to 6/19/2026
ReturnCorrelation
ATHR-93.4% 
Market (SPY)85.7%9.6%
Sector (XLK)137.9%9.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ATHR Return0%0%0%0%-86%-47%-93%
Peers Return30%-37%41%-4%-2%-11%-5%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
ATHR Win Rate0%0%0%0%25%17% 
Peers Win Rate65%33%60%47%48%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ATHR Max Drawdown0%0%0%0%-89%-68% 
Peers Max Drawdown-21%-45%-27%-26%-34%-28% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MKTW, SPGI, FDS, MORN, MCO.
[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 6/18/2026 (YTD)

How Low Can It Go

EventATHRS&P 500
2025 US Tariff Shock
  % Loss-12.3%-18.8%
  % Gain to Breakeven14.1%23.1%
  Time to Breakeven2 days79 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-38.4%-15.4%
  % Gain to Breakeven62.4%18.2%
  Time to Breakeven155 days125 days
2008-2009 Global Financial Crisis
  % Loss-63.4%-53.4%
  % Gain to Breakeven173.3%114.4%
  Time to Breakeven294 days1085 days
Summer 2007 Credit Crunch
  % Loss-20.2%-8.6%
  % Gain to Breakeven25.3%9.5%
  Time to Breakeven44 days47 days

Compare to MKTW, SPGI, FDS, MORN, MCO

In The Past

Aether's stock fell -12.3% during the 2025 US Tariff Shock. Such a loss loss requires a 14.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventATHRS&P 500
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-38.4%-15.4%
  % Gain to Breakeven62.4%18.2%
  Time to Breakeven155 days125 days
2008-2009 Global Financial Crisis
  % Loss-63.4%-53.4%
  % Gain to Breakeven173.3%114.4%
  Time to Breakeven294 days1085 days
Summer 2007 Credit Crunch
  % Loss-20.2%-8.6%
  % Gain to Breakeven25.3%9.5%
  Time to Breakeven44 days47 days

Compare to MKTW, SPGI, FDS, MORN, MCO

In The Past

Aether's stock fell -12.3% during the 2025 US Tariff Shock. Such a loss loss requires a 14.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Aether (ATHR)

Aether (ATHR) is a financial technology platform company that offers proprietary research analytics, data, and tools to help traders make informed decisions. Its primary product is the SentimenTrader.com platform, which integrates advanced technologies, including artificial intelligence and deep learning, with the analytical expertise of veteran traders.

The SentimenTrader platform operates on an advanced data collection system, continuously fetching raw data from a wide array of authoritative sources such as Bloomberg and the Chicago Board Options Exchange. At the core of its analysis are proprietary technical indicators of market sentiment, evaluating investor attitudes towards specific markets or securities. Currently, the platform provides coverage for U.S. equity and option securities, enabling users to generate trade ideas, strategies, and market analyses.

Aether's primary customers are both institutional and retail equity traders. The company intends to broaden its customer base and offerings by expanding the scope and variety of its products, increasing the types of securities its platform covers, and extending its market and exchange coverage beyond its current focus.

AI Analysis | Feedback

Here are a few analogies to describe Aether:

  • Think of it as **Bloomberg for market sentiment analytics**, leveraging AI to empower both institutional and retail traders.

  • It's like **TradingView for serious traders**, offering proprietary AI-driven sentiment analysis and advanced tools to level up their strategies.

AI Analysis | Feedback

  • SentimenTrader.com Platform: An AI-integrated financial technology platform offering proprietary research analytics, market data, and tools for institutional and retail equity traders to generate trade ideas and develop strategies.

AI Analysis | Feedback

Aether (ATHR) serves the following categories of customers:

  • Institutional equity traders: These customers are professional investors and financial organizations such as hedge funds, mutual funds, pension funds, and banks, who utilize Aether's SentimenTrader platform for advanced research analytics, data, and AI-powered tools to inform their complex trading decisions.
  • Retail equity traders: These customers are individual investors who use the SentimenTrader platform to access proprietary research analytics, data, and technology-driven insights to enhance their personal equity and options trading strategies.

AI Analysis | Feedback

  • Bloomberg
  • Cboe Global Markets, Inc. (CBOE)
  • Consensus
  • Intercontinental Exchange (ICE)

AI Analysis | Feedback

Nicolas Lin, Chief Executive Officer & Chairman

Nicolas Lin is an experienced corporate finance executive with over a decade of experience in U.S. and Asia equity markets. He has previously served as a director at multiple public companies and specializes in cross-border listings, restructuring, and capital market advisory. He also holds the position of CEO at St. James Gold Corp. from 2025.

Suresh R. Iyer, Chief Financial Officer & Principal Accounting Officer

Suresh R. Iyer is a CPA and ACA with over 25 years of international finance experience. His background includes serving as a Former Audit Manager at BDO USA and Senior Associate at PwC, where he gained expertise in SEC reporting, IPO readiness, and SPAC/de-SPAC transactions. He focuses on operational efficiency and offshore consulting solutions.

Hao Hu, Chief Technical Officer

Hao Hu is a technology leader with over 20 years of experience in software development, IoT, and AI. He previously held the position of CTO at Elixir Technology and CIO at Sundial Capital Research.

Eva Hodgens, Managing Director of Marketing

Eva Hodgens is a co-founder of Makaira Media, a performance marketing firm. She has collaborated with Aether on its Alpha Edge Media platform, which focuses on delivering AI-driven financial insights through newsletters.

Chi Ho, Chief Strategy Officer

AI Analysis | Feedback

Key Business Risks for Aether (ATHR)

  1. Intense Competition and Difficulty in Differentiation: Aether operates in a highly competitive financial technology market, offering proprietary research analytics, data, and tools for equity traders. The market is saturated with numerous established and emerging players providing similar trading analytics, data, and AI-driven insights. Aether's ability to attract and retain users will depend on its continuous ability to differentiate its "proprietary research analytics" and AI tools, demonstrate a superior and defensible competitive advantage, and effectively monetize its offerings amidst aggressive competition.
  2. Reliance on Third-Party Data Sources and Data Integrity: The SentimenTrader platform is critically dependent on an "advanced data collection system that operates utilizing API calls and web scraping, fetching raw data 24/7 from a wide array of authoritative sources," including industry leaders like Bloomberg and the Chicago Board Options Exchange. Any changes in the terms of access, pricing, or availability of data from these essential third-party providers, or issues with the accuracy and integrity of the collected data, could severely impact the functionality, reliability, and value of Aether's platform and its proprietary analytics.
  3. Rapid Technological Advancements and AI Innovation: Aether's business model is built on "integrating advanced technologies, including artificial intelligence ('AI') tools" and "the potential of deep learning techniques." The financial technology and AI sectors are characterized by rapid technological advancements. A significant risk exists if Aether cannot continuously invest in, develop, update, and integrate cutting-edge AI and analytical methodologies. Failure to keep pace with these innovations could lead to their platform becoming less competitive or potentially obsolete compared to newer, more advanced offerings from rivals.

AI Analysis | Feedback

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AI Analysis | Feedback

Aether (ATHR), through its flagship platform SentimenTrader.com, primarily addresses the market for sentiment analytics in financial markets.

The global market for sentiment analytics was valued at US$5.1 billion in 2024 and is projected to reach US$11.4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.3% from 2024 to 2030. Specifically for the United States, which is the current coverage region for SentimenTrader's platform, the market was valued at US$1.4 billion in 2024.

Aether is also positioned within the broader financial technology (FinTech) market. The global FinTech market size is estimated at US$347.2 billion in 2024 and is anticipated to reach US$1076.1 billion by 2033, with a CAGR of 13.6%. In 2025, North America, where Aether's principal executive office is located and its platform primarily covers U.S. securities, dominated the global FinTech market with a 32.30% share.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Aether (ATHR) over the next 2-3 years:
  1. Expansion of Product and Service Offerings: Aether plans to broaden the scope and variety of its proprietary research analytics, data, and tools. This includes the launch of new advanced trading tools, such as the SentimenTracker platform introduced in early 2026, which assists investors in identifying real-time market trends. The company also aims to unveil enhanced analytics with clearer insights and increased customization, and to integrate its educational and trading platforms into a unified fintech ecosystem to diversify revenue streams.
  2. Expansion into New Asset Classes, particularly Digital Assets: Aether is actively expanding the types of securities and investment niches its platform covers, with a significant focus on digital assets. Recent strategic acquisitions, such as AI-powered crypto news platform 21Bitcoin.xyz in 2025 and institutional crypto newsletter Coinstack in early 2026, demonstrate a clear push to enhance its coverage and reach within the digital asset space.
  3. Growth in Subscriber Base and Audience Reach: The company intends to target a wider audience beyond its current user base. This is being driven by the strategic expansion of its Alpha Edge Media division, which includes launching numerous niche educational newsletters that have significantly grown its subscriber count to over 417,000 by early 2026. Acquisitions of platforms with large subscriber bases, such as Coinstack (over 340,000 subscribers), also contribute directly to expanding its market reach and user monetization potential.
  4. Leveraging AI and Advanced Data Integration for Enhanced Analytics: Aether emphasizes its strategy of integrating advanced AI and machine learning tools with its extensive data collection system. The company views its media distribution as a "data engine" that feeds its AI models, with every user interaction contributing to the intelligence powering its analytics platform. Recent acquisitions like PublicView.ai, an AI-driven market intelligence platform, further strengthen its AI-enabled ecosystem and data analytics capabilities, positioning it uniquely within the growing financial data and analytics market driven by AI adoption.

AI Analysis | Feedback

Share Issuance

  • Aether Holdings completed an Initial Public Offering (IPO) on April 11, 2025, raising total gross proceeds of $8,901,000, which included the full exercise of the over-allotment option.
  • Following a 1.2-for-1 reverse stock split, the company had 12,101,273 shares outstanding after its IPO.
  • The number of shares outstanding for Aether Holdings increased by 17.62% in the year leading up to the last 12 months reported (as of March 2026).

Outbound Investments

  • In February 2026, Aether Holdings acquired PublicView.ai, an AI-driven market intelligence platform.
  • The company acquired Coinstack, a cryptocurrency newsletter with over 340,000 subscribers, in January 2026.
  • Aether Holdings expanded its Alpha Edge Media portfolio in 2025 with acquisitions including AltcoinInvesting.co in July, WhaleTales in September, and 21Bitcoin.xyz, an AI-powered crypto news platform.

Capital Expenditures

  • Aether Holdings purchased new corporate headquarters in downtown Manhattan in December 2025 to support its ongoing expansion plans.
  • The company's current losses reflect deliberate investment in platform development, customer acquisition, and infrastructure.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1How Low Can Aether Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ATHRMKTWSPGIFDSMORNMCOMedian
NameAether Marketwi.S&P Glob.FactSet .Mornings.Moodys  
Mkt Price2.9516.75410.92221.29153.68450.67187.49
Mkt Cap0.00.0122.28.26.079.77.1
Rev LTM132215,7302,4012,5087,8732,455
Op Inc LTM-5456,4367495463,530647
FCF LTM-7405,5566834372,747560
FCF 3Y Avg-3255,0116193832,428501
CFO LTM-5425,7357995903,083695
CFO 3Y Avg-2275,1647115222,740617

Growth & Margins

ATHRMKTWSPGIFDSMORNMCOMedian
NameAether Marketwi.S&P Glob.FactSet .Mornings.Moodys  
Rev Chg LTM-3.3%-16.1%8.5%6.5%8.4%9.0%7.5%
Rev Chg 3Y Avg--13.8%9.6%6.1%9.8%13.3%9.6%
Rev Chg Q-1.7%-7.8%10.4%7.1%10.8%8.1%7.6%
QoQ Delta Rev Chg LTM-0.4%-2.0%2.6%1.7%2.6%2.0%1.9%
Op Inc Chg LTM-267.8%-49.8%13.6%5.8%23.4%15.7%9.7%
Op Inc Chg 3Y Avg--2.8%22.1%6.4%63.7%22.9%22.1%
Op Mgn LTM-362.2%13.9%40.9%31.2%21.8%44.8%26.5%
Op Mgn 3Y Avg-166.1%15.9%38.0%31.0%18.4%42.2%24.7%
QoQ Delta Op Mgn LTM-49.7%-5.3%0.6%-0.6%1.1%-0.0%-0.3%
CFO/Rev LTM-377.9%13.1%36.5%33.3%23.5%39.2%28.4%
CFO/Rev 3Y Avg-148.6%7.3%35.8%31.3%22.5%38.5%26.9%
FCF/Rev LTM-520.1%12.5%35.3%28.4%17.4%34.9%22.9%
FCF/Rev 3Y Avg-196.0%6.9%34.7%27.3%16.4%34.1%21.8%

Valuation

ATHRMKTWSPGIFDSMORNMCOMedian
NameAether Marketwi.S&P Glob.FactSet .Mornings.Moodys  
Mkt Cap0.00.0122.28.26.079.77.1
P/S26.40.17.83.42.410.15.6
P/Op Inc-7.30.919.010.911.022.611.0
P/EBIT-7.30.917.610.510.423.010.5
P/E-7.510.025.613.914.931.914.4
P/CFO-7.01.021.310.210.225.810.2
Total Yield-13.3%19.4%4.9%9.2%8.0%4.0%6.4%
Dividend Yield0.0%9.4%1.0%2.0%1.3%0.9%1.1%
FCF Yield 3Y Avg-8.3%44.5%3.6%5.1%4.0%3.1%3.8%
D/E0.00.10.10.20.30.10.1
Net D/E-0.0-1.10.10.20.20.10.1

Returns

ATHRMKTWSPGIFDSMORNMCOMedian
NameAether Marketwi.S&P Glob.FactSet .Mornings.Moodys  
1M Rtn-22.4%-4.1%-1.2%-0.6%-10.9%1.4%-2.7%
3M Rtn26.1%11.3%-3.0%6.3%-13.9%3.8%5.0%
6M Rtn-51.8%16.4%-19.5%-22.5%-28.3%-10.0%-21.0%
12M Rtn-76.6%6.3%-17.6%-47.0%-48.8%-3.4%-32.3%
3Y Rtn-93.4%-52.9%7.4%-45.6%-22.9%35.8%-34.3%
1M Excs Rtn-21.0%0.3%-1.6%-1.8%-12.6%1.7%-1.7%
3M Excs Rtn-4.3%2.6%-16.9%-7.1%-30.2%-9.9%-8.5%
6M Excs Rtn-61.2%-0.3%-27.7%-34.0%-36.6%-18.5%-30.9%
12M Excs Rtn-103.6%-18.3%-42.7%-72.3%-73.8%-28.9%-57.5%
3Y Excs Rtn-165.1%-124.6%-63.9%-115.3%-95.0%-35.4%-105.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Development, marketing and support management of the Company’s cloud-based platform1122
Total1122


Price Behavior

Price Behavior
Market Price$2.95 
Market Cap ($ Bil)0.0 
First Trading Date04/10/2025 
Distance from 52W High-79.6% 
   50 Days200 Days
DMA Price$3.90$9.78
DMA Trenddownup
Distance from DMA-24.3%-69.8%
 3M1YR
Volatility111.8%106.9%
Downside Capture72.98238.99
Upside Capture116.023.95
Correlation (SPY)29.1%15.0%
ATHR Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-0.801.502.672.341.300.83
Up Beta-1.363.713.422.591.470.19
Down Beta-0.21-2.452.762.140.501.85
Up Capture-101%179%212%150%14%10%
Bmk +ve Days13283667141432
Stock +ve Days12233157111134
Down Capture-25%-241%249%243%184%110%
Bmk -ve Days7132757109318
Stock -ve Days8173065136148

[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 ATHR
ATHR-77.1%107.2%-0.90-
Sector ETF (XLK)59.9%23.1%1.9613.4%
Equity (SPY)26.5%12.4%1.6114.1%
Gold (GLD)24.2%27.5%0.77-6.0%
Commodities (DBC)19.8%18.8%0.83-9.6%
Real Estate (VNQ)11.0%13.7%0.52-0.7%
Bitcoin (BTCUSD)-40.0%42.5%-1.0814.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ATHR
ATHR-11.5%114.8%0.06-
Sector ETF (XLK)22.9%25.3%0.808.9%
Equity (SPY)13.5%17.1%0.629.1%
Gold (GLD)17.1%18.3%0.76-7.0%
Commodities (DBC)7.5%19.4%0.29-11.5%
Real Estate (VNQ)1.9%18.9%0.00-2.5%
Bitcoin (BTCUSD)11.0%54.2%0.4013.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ATHR
ATHR-5.9%114.8%0.06-
Sector ETF (XLK)25.4%24.7%0.938.9%
Equity (SPY)15.3%18.0%0.739.1%
Gold (GLD)12.3%16.1%0.63-7.0%
Commodities (DBC)5.9%18.0%0.26-11.5%
Real Estate (VNQ)5.3%20.7%0.22-2.5%
Bitcoin (BTCUSD)60.0%66.8%1.0013.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 5152026-33.4%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest2.0 days
Basic Shares Quantity12.1 Mil
Short % of Basic Shares0.1%

Returns Analyses

Earnings Returns History

Updated 6/3/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202502/17/202610-Q
09/30/202512/17/202510-K
06/30/202508/19/202510-Q
03/31/202505/16/202510-Q
12/31/202404/11/2025424B4
09/30/202404/11/2025424B4
06/30/202410/18/2024DRS/A
03/31/202408/12/2024DRS/A
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Report DateFiling DateFiling
03/31/202605/15/202610-Q
12/31/202502/17/202610-Q
09/30/202512/17/202510-K
06/30/202508/19/202510-Q
03/31/202505/16/202510-Q
12/31/202404/11/2025424B4
09/30/202404/11/2025424B4
06/30/202410/18/2024DRS/A
03/31/202408/12/2024DRS/A
Core Cache Last Updated: 6/19/2026