ATN International (ATNI)
Market Price (12/26/2025): $22.52 | Market Cap: $343.6 MilSector: Communication Services | Industry: Integrated Telecommunication Services
ATN International (ATNI)
Market Price (12/26/2025): $22.52Market Cap: $343.6 MilSector: Communication ServicesIndustry: Integrated Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% | Trading close to highsDist 52W High is -2.1% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 177% |
| Attractive yieldDividend Yield is 4.4%, FCF Yield is 12% | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -125% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% |
| Low stock price volatilityVol 12M is 49% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% | |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure. | Key risksATNI key risks include [1] revenue declines from the winding down of critical U.S. Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Attractive yieldDividend Yield is 4.4%, FCF Yield is 12% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Wireless Services, and Telecom Infrastructure. |
| Trading close to highsDist 52W High is -2.1% |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -125% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 177% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1% |
| Key risksATNI key risks include [1] revenue declines from the winding down of critical U.S. Show more. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points explaining the 34.2% stock movement for ATN International (ATNI) from approximately August 31, 2025, to December 26, 2025: 1. Exceptional Q3 2025 Earnings: ATN International reported significantly better-than-expected financial results for the third quarter of 2025. On November 5, 2025, the company announced an earnings per share (EPS) of $0.18, substantially beating the Zacks Consensus Estimate of a loss of $0.06 per share. Revenues also surpassed analyst expectations, reaching $183.17 million.2. Substantial Post-Earnings Stock Price Surge: Following the positive Q3 2025 earnings announcement, ATN International's stock experienced a notable surge. Reports indicate the stock price rose by as much as 22.83% immediately after the earnings release.
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Stock Movement Drivers
Fundamental Drivers
The 43.1% change in ATNI stock from 9/25/2025 to 12/25/2025 was primarily driven by a 42.5% change in the company's P/S Multiple.| 9252025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.65 | 22.40 | 43.13% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 719.59 | 724.31 | 0.66% |
| P/S Multiple | 0.33 | 0.47 | 42.52% |
| Shares Outstanding (Mil) | 15.22 | 15.26 | -0.22% |
| Cumulative Contribution | 43.13% |
Market Drivers
9/25/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| ATNI | 43.1% | |
| Market (SPY) | 4.9% | 7.1% |
| Sector (XLC) | 0.9% | 8.2% |
Fundamental Drivers
The 44.1% change in ATNI stock from 6/26/2025 to 12/25/2025 was primarily driven by a 44.7% change in the company's P/S Multiple.| 6262025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.55 | 22.40 | 44.08% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 721.57 | 724.31 | 0.38% |
| P/S Multiple | 0.33 | 0.47 | 44.73% |
| Shares Outstanding (Mil) | 15.13 | 15.26 | -0.83% |
| Cumulative Contribution | 44.07% |
Market Drivers
6/26/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| ATNI | 44.1% | |
| Market (SPY) | 13.1% | 13.3% |
| Sector (XLC) | 11.3% | 11.7% |
Fundamental Drivers
The 43.9% change in ATNI stock from 12/25/2024 to 12/25/2025 was primarily driven by a 50.0% change in the company's P/S Multiple.| 12252024 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.56 | 22.40 | 43.94% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 747.49 | 724.31 | -3.10% |
| P/S Multiple | 0.31 | 0.47 | 49.95% |
| Shares Outstanding (Mil) | 15.11 | 15.26 | -0.95% |
| Cumulative Contribution | 43.92% |
Market Drivers
12/25/2024 to 12/25/2025| Return | Correlation | |
|---|---|---|
| ATNI | 43.9% | |
| Market (SPY) | 15.8% | 17.2% |
| Sector (XLC) | 20.1% | 16.4% |
Fundamental Drivers
The -47.2% change in ATNI stock from 12/26/2022 to 12/25/2025 was primarily driven by a -49.1% change in the company's P/S Multiple.| 12262022 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 42.42 | 22.40 | -47.19% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 721.30 | 724.31 | 0.42% |
| P/S Multiple | 0.93 | 0.47 | -49.10% |
| Shares Outstanding (Mil) | 15.76 | 15.26 | 3.21% |
| Cumulative Contribution | -47.24% |
Market Drivers
12/26/2023 to 12/25/2025| Return | Correlation | |
|---|---|---|
| ATNI | -35.2% | |
| Market (SPY) | 48.3% | 15.6% |
| Sector (XLC) | 65.3% | 16.8% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATNI Return | -24% | -3% | 15% | -12% | -55% | 39% | -53% |
| Peers Return | � | � | -37% | 11% | 52% | 17% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| ATNI Win Rate | 50% | 58% | 50% | 25% | 25% | 50% | |
| Peers Win Rate | � | 51% | 30% | 38% | 47% | 62% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| ATNI Max Drawdown | -30% | -8% | -18% | -37% | -57% | -16% | |
| Peers Max Drawdown | � | � | -44% | -37% | -29% | -20% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: LILA, FYBR, TDS, SHEN, LUMN.
[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] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | ATNI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -46.4% | -25.4% |
| % Gain to Breakeven | 86.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -45.1% | -33.9% |
| % Gain to Breakeven | 82.2% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -41.2% | -19.8% |
| % Gain to Breakeven | 70.2% | 24.7% |
| Time to Breakeven | 407 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.7% | -56.8% |
| % Gain to Breakeven | 175.5% | 131.3% |
| Time to Breakeven | 94 days | 1,480 days |
Compare to T, IDT, ELWT, VZ, BCE
In The Past
ATN International's stock fell -46.4% during the 2022 Inflation Shock from a high on 3/8/2021. A -46.4% loss requires a 86.4% gain to breakeven.
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ATN International, Inc., through its subsidiaries, provides telecommunications services. It operates in three segments: International Telecom, US Telecom, and Renewable Energy. The International Telecom segment provides fixed data and voice; fixed, carrier, managed, and mobility services to customers in Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands, as well as video services in Bermuda, the Cayman Islands, and the US Virgin Islands. This segment also offers mobile, data, and voice services to retail and business customers in Bermuda, Guyana, and US Virgin Islands under the One, GTT+, and Viya brands; roaming services; and handsets and accessories. The US Telecom segment provides carrier services, such as wholesale roaming services; fixed, mobility, carrier, and managed services to business and consumer; private network services to enterprise and consumer customers; and site maintenance services and international long-distance services, as well as leases critical network infrastructure, including towers and transport facilities. The Renewable Energy segment provides distributed generation solar power to commercial and industrial customers in India. As of December 31, 2021, it operated seven retail stores in the US Telecom segment and twenty-one retail stores in the International Telecom segment. The company was formerly known as Atlantic Tele-Network, Inc. and changed its name to ATN International, Inc. in June 2016. ATN International, Inc. was incorporated in 1987 and is headquartered in Beverly, Massachusetts.
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Verizon or AT&T for island nations and rural communities globally.
A mini-Berkshire Hathaway focused exclusively on owning and operating essential telecom services in smaller, often overlooked, global markets.
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- Wireless Services: Provides mobile voice and data services to residential and business customers, primarily in the Caribbean.
- Wireline & Internet Services: Offers fixed-line voice, broadband internet, and enterprise data solutions to customers in its operating regions.
- Renewable Energy Generation: Develops, owns, and operates utility-scale solar power facilities, selling electricity to utilities.
- Fiber Optic Infrastructure Services: Provides wholesale fiber optic connectivity and infrastructure solutions to telecommunications carriers and enterprises in the rural United States.
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Major Customers of ATN International (ATNI)
ATN International (ATNI) primarily serves a broad base of customers, including individuals and small to medium-sized businesses, across its various telecommunications, renewable energy, and digital infrastructure operations. The company does not typically have major customers (i.e., single customers accounting for 10% or more of consolidated revenue) in the traditional B2B sense that would require individual identification.
Instead, its customer base can be categorized as follows:
- Residential Consumers: Individuals who subscribe to ATNI's mobile, internet, and fixed-line telephone services in the markets where it operates (e.g., Caribbean, Bermuda, Guyana, Hawaii).
- Small and Medium-Sized Businesses (SMBs): Local businesses that utilize ATNI's communication services, including business internet, voice solutions, and mobile plans, to support their operations.
- Wholesale and Enterprise Customers: Although not concentrated enough to be "major" individually from a consolidated revenue perspective, ATNI also provides services to other carriers (e.g., wholesale capacity, roaming agreements, tower co-location) and sometimes direct enterprise solutions for larger organizations within its operating regions.
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- Ericsson (ERIC)
- Nokia (NOK)
- Cisco Systems, Inc. (CSCO)
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Brad W. Martin, Chief Executive Officer & Director
Appointed CEO in January 2024, Mr. Martin previously served as Chief Operating Officer of ATN International from 2021 to 2023, and Executive Vice President in 2018. Prior to joining ATN, he was Chief Operating Officer at Senet Inc., and from 2013 to 2015, he held the position of Senior Vice President and Chief Quality Officer with Extreme Networks. Mr. Martin also served as Vice President of Engineering Operations and Quality with Siemens Enterprise Communications and Enterasys Networks.
Carlos Doglioli, Chief Financial Officer
Mr. Doglioli became Chief Financial Officer in March 2024, having joined ATN in January 2024. Before his role at ATN, he served as Chief Financial Officer of Centennial Towers from 2014 to 2023, a company focused on wireless communication towers in Latin America. From 2004 to 2007, he worked at MetroRED Mexico. Notably, Mr. Doglioli held several senior finance positions for portfolio companies of Devonshire Investors, the private equity arm of Fidelity Investments, including CFO of Backyard Farms and Managing Director of Finance of J. Robert Scott. This demonstrates a pattern of managing companies backed by private equity firms.
Michael T. Prior, Executive Chairman
Mr. Prior transitioned to Executive Chairman in January 2024, after serving as President and Chief Executive Officer of ATN International from 2005 to 2023. His background includes experience as a Partner at Q Advisors and as a Corporate Attorney at Cleary Gottlieb Steen & Hamilton. He has been recognized for his role in transforming ATN through strategic acquisitions and investments.
Mary M. Mabey, Senior Vice President, General Counsel, and Secretary
Ms. Mabey has served as Senior Vice President, General Counsel, and Secretary at ATN International since 2018.
Justin Leon, Senior Vice President of Corporate Development
Mr. Leon is a key member of ATN International's leadership team, holding the title of Senior Vice President of Corporate Development.
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The key risks to ATN International's business include:
- Impact of Government Subsidy Program Changes: ATN International faces significant risk from the winding down of U.S. government subsidy programs, such as the Emergency Connectivity Fund (ECF) and the Affordable Connectivity Program (ACP), which have contributed to revenue declines in its U.S. Telecom segment. Future changes in government grant funding or FCC broadband support also pose an ongoing threat to revenue and network expansion plans.
- High Leverage and Debt Servicing Risk: The company carries a high net debt to EBITDA ratio, substantially above the market average, indicating elevated financial risk and limited flexibility. ATN International's low interest cover suggests high leverage, with interest expenses significantly impacting profitability and contributing to net losses despite positive operating income.
- Intense Competition: ATN International operates in a highly competitive environment, facing established giants like AT&T and Verizon, regional specialists, and emerging low-cost satellite providers such as Starlink and Project Kuiper, particularly in rural markets. The company's smaller scale compared to industry leaders can result in reduced negotiating power and potentially higher operating costs.
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The following clear emerging threats have been identified for ATN International (ATNI):
- Emergence and expansion of Low Earth Orbit (LEO) satellite internet services (e.g., Starlink, OneWeb, Project Kuiper). These services offer high-speed, low-latency broadband internet directly to consumers and businesses globally, bypassing traditional terrestrial and subsea cable infrastructure. ATNI operates extensively in island and rural markets (e.g., Bermuda, Caribbean, rural US) where its value proposition often centers on providing connectivity to underserved areas. LEO satellite internet presents a direct alternative, potentially cannibalizing ATNI's fixed and mobile broadband subscriber base and reducing the need for its infrastructure build-out in these regions. The increasing availability, improving performance, and evolving pricing models of these services pose a significant competitive threat, particularly in markets where ATNI's services may be perceived as less competitive on price, speed, or coverage.
- Accelerated deployment and adoption of 5G Fixed Wireless Access (FWA) by larger national carriers in the US. Major US carriers (e.g., T-Mobile, Verizon, AT&T) are aggressively expanding their 5G networks and leveraging them to offer FWA services as a direct competitor to traditional wireline broadband providers. ATNI's US Telecom segment focuses on providing digital infrastructure and services, including broadband, in rural and suburban areas. The rapid expansion of FWA services by national players, often at competitive price points, could directly compete with ATNI's existing and planned fiber and wireless broadband offerings in its US operating territories, potentially impacting subscriber acquisition, retention, and revenue growth for its fixed internet services.
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ATN International (ATNI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Broadband and Fiber Network Expansion: The company is experiencing robust growth in its broadband segment, with an 8% increase in high-speed broadband homes passed and a 1% increase in total high-speed subscribers. Ongoing broadband infrastructure projects and an accelerated fiber rollout are central to its long-term revenue growth strategy, particularly in underserved regions.
- Expansion of Carrier Services: Growth in the U.S. segment's revenue is being driven by the expansion of carrier services and a strategic shift towards higher-margin offerings. This focus on carrier services is a significant contributor to the company's improved performance.
- Strategic Shift to Higher-Margin Services and Operational Efficiency: ATN International is strategically transitioning to higher-margin services and emphasizing improved operational efficiency and cost containment. These efforts are aimed at optimizing the company's cost structure and driving margin expansion, which in turn supports sustainable revenue growth.
- Leveraging Grants and Public Policy Support: The company benefits from grants and reimbursable programs, and it actively pursues additional grants to economically expand its network reach to underserved areas. Favorable public policy support further positions ATN for long-term revenue growth by aiding these infrastructure developments.
- Growth in Fixed Services and Construction Revenue: ATN International has observed revenue increases across multiple streams, including fixed services and construction. This indicates ongoing demand for its fixed communication services and continued infrastructure development, contributing to overall revenue expansion.
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Share Repurchases
- ATN International authorized a share repurchase program of up to $25.0 million in October 2022.
- Approximately $15.3 million of common stock had been repurchased under this program as of December 31, 2023.
Share Issuance
- The Company issued approximately $2.5 million in shares during the year ended December 31, 2023, primarily associated with employee stock option exercises and restricted stock unit vesting.
Outbound Investments
- In Q3 2022, ATN International invested $12.0 million in a joint venture to develop solar power facilities.
- ATN International acquired XYZ Telecom, a regional fiber network provider, for $22.0 million in 2023.
Capital Expenditures
- Capital expenditures were $72.5 million for the year ended December 31, 2022, and $68.1 million for the year ended December 31, 2023.
- These expenditures primarily focused on expanding fiber broadband networks, upgrading wireless infrastructure, and enhancing network reliability.
- Expected capital expenditures for 2024 are projected to be between $65 million and $75 million, continuing the strategic focus on fiber-to-the-home deployments and 5G network enhancements.
Trade Ideas
Select ideas related to ATNI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | -1.4% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -4.5% | -4.5% | -6.4% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -2.7% | -2.7% | -5.1% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 4.5% | 4.5% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -26.1% | -26.1% | -29.8% |
| 12312018 | ATNI | ATN International | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -18.0% | -21.6% | -26.7% |
Research & Analysis
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Peer Comparisons for ATN International
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 16.91 |
| Mkt Cap | 3.1 |
| Rev LTM | 5,236 |
| Op Inc LTM | 231 |
| FCF LTM | -42 |
| FCF 3Y Avg | -36 |
| CFO LTM | 762 |
| CFO 3Y Avg | 914 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.7% |
| Rev Chg 3Y Avg | 0.2% |
| Rev Chg Q | 2.3% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Mgn LTM | 5.0% |
| Op Mgn 3Y Avg | 4.6% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 22.0% |
| CFO/Rev 3Y Avg | 24.1% |
| FCF/Rev LTM | 1.5% |
| FCF/Rev 3Y Avg | -1.0% |
Price Behavior
Price Behavior
| Market Price | $22.40 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 11/14/1991 | |
| Distance from 52W High | -2.1% | |
| 50 Days | 200 Days | |
| DMA Price | $18.96 | $17.00 |
| DMA Trend | up | up |
| Distance from DMA | 18.2% | 31.8% |
| 3M | 1YR | |
| Volatility | 50.4% | 49.0% |
| Downside Capture | -81.93 | 28.44 |
| Upside Capture | 104.72 | 60.18 |
| Correlation (SPY) | 8.1% | 17.4% |
ATNI Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.52 | 0.41 | 0.72 | 0.86 | 0.46 | 0.61 |
| Up Beta | 3.48 | 2.31 | 3.20 | 2.57 | 0.34 | 0.36 |
| Down Beta | -0.69 | -0.15 | -0.83 | 0.11 | 0.57 | 0.53 |
| Up Capture | 335% | 156% | 136% | 112% | 39% | 27% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 9 | 18 | 24 | 60 | 113 | 359 |
| Down Capture | -194% | -92% | 33% | 11% | 57% | 101% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 20 | 34 | 61 | 131 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of ATNI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| ATNI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 42.6% | 22.6% | 19.2% | 71.9% | 8.9% | 6.0% | -10.1% |
| Annualized Volatility | 48.6% | 18.5% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | 0.88 | 0.96 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 16.3% | 17.1% | 14.4% | 0.2% | 27.9% | 5.2% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of ATNI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| ATNI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -10.9% | 13.0% | 14.9% | 18.7% | 11.7% | 4.8% | 32.7% |
| Annualized Volatility | 47.3% | 20.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | -0.07 | 0.53 | 0.70 | 0.97 | 0.51 | 0.17 | 0.60 |
| Correlation With Other Assets | 16.1% | 18.7% | 8.7% | 1.7% | 24.2% | 6.4% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of ATNI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| ATNI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -9.7% | 13.2% | 14.7% | 14.9% | 6.9% | 5.2% | 69.3% |
| Annualized Volatility | 49.5% | 22.6% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | -0.01 | 0.54 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 23.5% | 27.5% | 2.9% | 8.4% | 30.3% | 8.5% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 5.5% | 16.4% | 23.0% |
| 8/8/2025 | -0.1% | 2.3% | 4.7% |
| 3/5/2025 | 6.3% | 12.3% | 8.3% |
| 10/30/2024 | -8.4% | -1.1% | -13.5% |
| 7/25/2024 | 5.7% | 9.3% | 2.9% |
| 2/22/2024 | 29.5% | 18.4% | 7.7% |
| 10/26/2023 | -8.2% | 4.8% | 0.8% |
| 7/27/2023 | -2.8% | 3.6% | -0.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 13 | 12 |
| # Negative | 10 | 5 | 6 |
| Median Positive | 5.6% | 4.8% | 7.1% |
| Median Negative | -2.1% | -4.3% | -4.3% |
| Max Positive | 29.5% | 18.4% | 23.0% |
| Max Negative | -8.4% | -10.3% | -13.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11102025 | 10-Q 9/30/2025 |
| 6302025 | 8112025 | 10-Q 6/30/2025 |
| 3312025 | 5122025 | 10-Q 3/31/2025 |
| 12312024 | 3172025 | 10-K 12/31/2024 |
| 9302024 | 11122024 | 10-Q 9/30/2024 |
| 6302024 | 8092024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 3152024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 6/30/2023 |
| 3312023 | 5102023 | 10-Q 3/31/2023 |
| 12312022 | 3152023 | 10-K 12/31/2022 |
| 9302022 | 11092022 | 10-Q 9/30/2022 |
| 6302022 | 8082022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 3162022 | 10-K 12/31/2021 |
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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