A2Z Cust2Mate Solutions (AZ)
Market Price (2/6/2026): $5.925 | Market Cap: $218.0 MilSector: Information Technology | Industry: Application Software
A2Z Cust2Mate Solutions (AZ)
Market Price (2/6/2026): $5.925Market Cap: $218.0 MilSector: Information TechnologyIndustry: Application Software
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 -31% | Weak multi-year price returns3Y Excs Rtn is -39% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -282% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% | Expensive valuation multiplesP/SPrice/Sales ratio is 28x | |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and E-commerce & Digital Retail. Themes include Retail Automation, and In-Store Digitization. | Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.6% | |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 113% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -217%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -226% | ||
| 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 -19% | ||
| Key risksAZ key risks include [1] its persistent unprofitability and reliance on external financing, 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 -31% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and E-commerce & Digital Retail. Themes include Retail Automation, and In-Store Digitization. |
| Weak multi-year price returns3Y Excs Rtn is -39% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -282% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 28x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.6% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 113% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -217%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -226% |
| 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 -19% |
| Key risksAZ key risks include [1] its persistent unprofitability and reliance on external financing, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. A2Z Cust2Mate Solutions reported widening operating losses and declining revenue in its Q3 2025 earnings. The company posted an operating loss of $4.1 million for the third quarter of 2025, which was a significant increase from the $2.6 million loss in the same quarter of the previous year. Revenue for the quarter ending September 30, 2025, was $1.55 million, a decrease of 1.59%. Furthermore, the company's trailing twelve-month earnings ending September 30, 2025, were -$22.6 million, and it maintains a profit margin of -483.6%. The company is not expected to become profitable within the next three years.
2. The stock experienced negative price movements and bearish technical indicators in early 2026. AZ's stock price went down by 5.34% in 2026. On February 2, 2026, the stock saw a decrease of 4.79%. The overall moving average trend for A2Z Cust2Mate Solutions was bearish as of February 2, 2026, with more negative signals than positive ones.
Show more
Stock Movement Drivers
Fundamental Drivers
The -20.2% change in AZ stock from 10/31/2025 to 2/5/2026 was primarily driven by a -16.6% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.42 | 5.92 | -20.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 8 | -0.3% |
| P/S Multiple | 33.1 | 27.6 | -16.6% |
| Shares Outstanding (Mil) | 35 | 37 | -4.1% |
| Cumulative Contribution | -20.2% |
Market Drivers
10/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| AZ | -20.2% | |
| Market (SPY) | -0.7% | 46.8% |
| Sector (XLK) | -9.8% | 38.4% |
Fundamental Drivers
The -41.9% change in AZ stock from 7/31/2025 to 2/5/2026 was primarily driven by a -35.2% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.19 | 5.92 | -41.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 8 | -0.1% |
| P/S Multiple | 42.6 | 27.6 | -35.2% |
| Shares Outstanding (Mil) | 33 | 37 | -10.2% |
| Cumulative Contribution | -41.9% |
Market Drivers
7/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| AZ | -41.9% | |
| Market (SPY) | 7.5% | 40.9% |
| Sector (XLK) | 3.4% | 32.3% |
Fundamental Drivers
The -20.0% change in AZ stock from 1/31/2025 to 2/5/2026 was primarily driven by a -40.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.40 | 5.92 | -20.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 8 | 37.6% |
| P/S Multiple | 28.2 | 27.6 | -2.0% |
| Shares Outstanding (Mil) | 22 | 37 | -40.7% |
| Cumulative Contribution | -20.0% |
Market Drivers
1/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| AZ | -20.0% | |
| Market (SPY) | 13.6% | 19.0% |
| Sector (XLK) | 18.1% | 18.7% |
Fundamental Drivers
The 28.0% change in AZ stock from 1/31/2023 to 2/5/2026 was primarily driven by a 228.0% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.62 | 5.92 | 28.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 8 | 31.2% |
| P/S Multiple | 8.4 | 27.6 | 228.0% |
| Shares Outstanding (Mil) | 11 | 37 | -70.3% |
| Cumulative Contribution | 28.0% |
Market Drivers
1/31/2023 to 2/5/2026| Return | Correlation | |
|---|---|---|
| AZ | 28.0% | |
| Market (SPY) | 72.9% | 17.0% |
| Sector (XLK) | 103.6% | 15.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AZ Return | - | -88% | 8% | 93% | -2% | -4% | -76% |
| Peers Return | 11% | -36% | 17% | 30% | -12% | -3% | -8% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| AZ Win Rate | - | 25% | 25% | 50% | 42% | 50% | |
| Peers Win Rate | 60% | 33% | 56% | 52% | 42% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AZ Max Drawdown | - | -91% | -20% | -75% | -21% | -5% | |
| Peers Max Drawdown | -11% | -49% | -19% | -14% | -35% | -11% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ZBRA, VYX, DBD, HON, PAR.
[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 2/5/2026 (YTD)
How Low Can It Go
| Event | AZ | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -90.7% | -25.4% |
| % Gain to Breakeven | 980.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to ZBRA, VYX, DBD, HON, PAR
In The Past
A2Z Cust2Mate Solutions's stock fell -90.7% during the 2022 Inflation Shock from a high on 1/5/2022. A -90.7% loss requires a 980.0% gain to breakeven.
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About A2Z Cust2Mate Solutions (AZ)
AI Analysis | Feedback
Here are 1-2 brief analogies to describe A2Z Cust2Mate Solutions (AZ):
- Like Amazon Go, but built into a shopping cart.
- Essentially Square for smart shopping carts.
AI Analysis | Feedback
- Cust2Mate Smart Cart: An intelligent shopping cart system that allows customers to scan, weigh, and pay for items directly from the cart, streamlining the retail checkout process.
- Electric Micro-Mobility Devices: Offers electric bikes and scooters designed for personal transportation, last-mile delivery, and urban mobility solutions.
AI Analysis | Feedback
A2Z Cust2Mate Solutions (symbol: AZ) primarily sells its smart shopping cart technology and related software to other companies, specifically grocery store chains and retailers. Its major customers and partners for deployments and pilot programs include:
- Village Super Market, Inc. (symbol: VLGEA) - This company operates various supermarkets, including Fairway Market locations where Cust2Mate smart carts have been deployed.
- Wakefern Food Corp. (private company) - A retailer-owned cooperative, representing multiple supermarket banners, including ShopRite, where Cust2Mate solutions have been implemented in various locations.
- Associated Food Stores (private company) - A large grocery wholesaler and retailer operating primarily in the Intermountain West region of the United States.
- Morton Williams Supermarkets (private company) - A chain of grocery stores predominantly located in New York City.
The company also frequently announces ongoing pilot programs and expansions with additional, sometimes unnamed, tier-1 retailers as part of its growth strategy.
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- KeyTronicEMS (Symbol: KTCC)
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Gadi Graus, CEO & Director
Gadi Graus was appointed CEO of A2Z Cust2Mate Solutions Corp. in April 2024. Prior to this role, he served as President of A2Z Cust2Mate Solutions Corp. (formerly A2Z Smart Technologies Corp.) from December 2022 until April 18, 2024, and has been a Director since January 6, 2023. Mr. Graus also served as CEO of the subsidiary Cust2Mate.
Alan Rootenberg, CFO & Director
Alan Rootenberg is a Chartered Professional Accountant with extensive CFO experience in publicly traded companies listed on the TSX, TSX Venture Exchange, OTCBB, and CSE. His expertise spans the mineral exploration, mining, technology, and cannabis industries. He holds a Bachelor of Commerce from the University of the Witwatersrand, Johannesburg, South Africa, and earned his CPA designation in Ontario, Canada.
Joseph Ben Tsur, Chairman A2Z
Joseph Ben Tsur is a serial entrepreneur known for establishing successful companies and expanding them into new markets and industries. His past roles include serving as Chairman of the international Elad Hotels chain, Director of MARLAZ Holdings (which holds a portfolio of publicly traded industrial, real estate, communications, and hi-tech companies), and CEO of DIG Ltd., a company that produces and markets electronic components throughout Israel. Mr. Ben Tsur also holds several patents.
Elkana Porag, Deputy CEO & CTO
Elkana Porag serves as the Deputy CEO & CTO of A2Z Cust2Mate Solutions.
Fraser Neil, Chief Sales Officer
Fraser Neil was appointed Chief Sales Officer of A2Z Cust2Mate Solutions in September 2025, leading the company's worldwide sales strategy across North America, Europe, and Israel. He brings nearly 30 years of experience in CPG, retail, SaaS, and AI-driven technology solutions. Most recently, he was the Vice President of CPG at Trax Retail Ltd., where he consistently achieved revenue growth and product innovation.
AI Analysis | Feedback
The key risks for A2Z Cust2Mate Solutions (symbol: AZ) are primarily centered around its financial viability, the execution of its business model, and its valuation.
- Lack of Profitability and Reliance on External Financing: A2Z Cust2Mate Solutions is currently not profitable, experiencing persistent losses and negative cash flows. The company relies on external financing to fund its ongoing operations. This presents a significant risk as continued losses necessitate further capital raises, which can dilute existing shareholders or become challenging to secure.
- Execution Risk and Slow Adoption of Smart Carts: The company's business model hinges on the rapid and widespread adoption of its smart cart solutions. There is an execution risk that the multiplication of smart carts across stores might slow down, potentially due to reduced technology investments by grocers or supply chain delays. Furthermore, a short report has questioned the company's business practices, alleging that A2Z Cust2Mate has "seriously misled investors with falsehoods and critical omissions about its past deals" and that claimed orders were significantly higher than actual deliveries, raising concerns about the true rate of deployment and fulfillment.
- High Valuation Based on Aggressive Growth Assumptions: The company's stock trades at a rich valuation, with its forward Price-to-Sales ratio being particularly high. This valuation already incorporates aggressive growth assumptions, leaving little margin for error if the company fails to meet these high expectations. The stock has also demonstrated substantial volatility, further highlighting the risk associated with its current market pricing.
AI Analysis | Feedback
The clear emerging threat to A2Z Cust2Mate Solutions (AZ) is the accelerating development and adoption of fully autonomous, "Just Walk Out" or computer vision-based cashierless retail systems. These systems, exemplified by technologies used in Amazon Go stores, Grabango, and Trigo, allow shoppers to pick up items and leave without any manual scanning or interaction, providing an even more seamless and frictionless experience than smart carts, which still require customers to scan each item. As these "Just Walk Out" technologies become more cost-effective, accurate, and scalable for larger store formats, they pose a significant risk of making smart cart solutions appear less advanced or desirable, similar to how the iPhone's intuitive interface and ecosystem overshadowed BlackBerry's button-centric design.
AI Analysis | Feedback
A2Z Cust2Mate Solutions (AZ) primarily focuses on smart shopping cart solutions, with additional revenue streams from retail media and data monetization through their Cust2Mate smart carts. The addressable markets for these products and services are sizable and growing globally.
Smart Shopping Cart Market
- The global Smart Shopping Cart market was valued at USD 2,338.7 million in 2024 and is projected to reach USD 16,952.2 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 28.10%. Another estimate places the global market at USD 2.0 billion in 2025, projected to reach USD 7.5 billion by 2033, with an 18.6% CAGR.
- North America holds the largest share of this market, accounting for approximately 34% of the global market in 2024. Europe follows with a 27% share, and Asia-Pacific with 28%.
- There are over 60 million traditional shopping carts globally available for retrofitting with smart technology.
Retail Media Market
- The global retail media market is a rapidly growing segment, estimated at $140 billion with a CAGR of approximately 20%. Other sources indicate a rapidly growing global retail media segment of $170 billion.
Retail Data Monetization Platform Market
- This market is projected to reach $20.3 billion globally by 2033.
Global Self-Checkout Market
- The global self-checkout market is projected to reach $8 billion by 2027, with a CAGR of approximately 15%.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for A2Z Cust2Mate Solutions (AZ) over the next 2-3 years:1. Expansion of Smart Cart Technology (Cust2Mate System) Deployments: The widespread adoption and deployment of A2Z Cust2Mate's innovative smart cart technology are a primary driver of future revenue. The Cust2Mate system automates the checkout process, enhancing the shopping experience and operational efficiency for retailers. A significant order in June 2025 for 3,000 Cust2Mate 3.0 carts, valued at $25 million, highlights the potential for substantial revenue from increased installations.
2. Growth in Retail Media and Advertising Integration: A2Z Cust2Mate is disrupting the retail media landscape by integrating advertising and promotions directly into its smart cart platform. This creates a new revenue stream through retail media efforts and offers opportunities for personalized shopping experiences and store optimization. The company has also secured additional retail media milestones, including with Lego, adding a commission-based revenue stream.
3. Expanding Customer Base and Strategic Partnerships: The ability of A2Z Cust2Mate to attract new customers and form strategic partnerships with major retailers is crucial for its growth. The company has seen success in forging partnerships, such as the integration of Nayax on-cart payment devices into Cust2Mate carts in September 2024, expanding sales territory to locations like France with a goal of tens of thousands of carts worldwide.
4. Recurring Software Revenue from Long-Term Contracts: A significant portion of future revenue growth is expected to come from recurring, multi-year software revenues tied to 3-year contracts per cart deployed. This model provides substantial revenue visibility over the next several years as more smart carts are implemented.
5. Continuous Innovation and AI Integration: A2Z Cust2Mate's commitment to continuous innovation, including significant investment in research and development, is a key driver. The company launched a new AI and Business Insights Division in October 2025 to enhance its smart cart technology with advanced AI functionalities, improving shopping personalization, fraud prevention, and overall store optimization. This focus on cutting-edge technology positions the company for sustained growth in the dynamic retail landscape.
AI Analysis | Feedback
Share Issuance
- A2Z Cust2Mate Solutions completed an oversubscribed $45 million equity raise in September 2025, anchored by leading global financial institutions.
- The company executed a $30 million stock offering in January 2025 and an additional capital round of $12.5 million in December 2024.
- The number of shares outstanding for A2Z Cust2Mate Solutions increased by 74.98% in one year.
Inbound Investments
- A $45 million equity raise in September 2025 was anchored by leading global financial institutions.
- Institutional investors have bought a total of 3,759,039 shares, representing approximately $28.38 million in transactions, over the last 24 months.
- As of recent data, 12.64% of A2Z Cust2Mate Solutions' stock is held by institutional investors.
Capital Expenditures
- Capital expenditures amounted to -$252,000 in the trailing 12 months ending June 30, 2025.
- The company is committed to investing in research and development to introduce new features and functionalities for its smart cart platform.
- In Q1 2025, the company incurred build-out expenses, contributing to an operating loss of $7.53 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold A2Z Cust2Mate Solutions Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 45.46 |
| Mkt Cap | 1.9 |
| Rev LTM | 3,172 |
| Op Inc LTM | 112 |
| FCF LTM | 106 |
| FCF 3Y Avg | -13 |
| CFO LTM | 134 |
| CFO 3Y Avg | 158 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.9% |
| Rev Chg 3Y Avg | 13.7% |
| Rev Chg Q | 3.6% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Mgn LTM | 3.1% |
| Op Mgn 3Y Avg | -25.5% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 2.4% |
| CFO/Rev 3Y Avg | 12.4% |
| FCF/Rev LTM | 0.7% |
| FCF/Rev 3Y Avg | 10.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.9 |
| P/S | 2.2 |
| P/EBIT | 4.1 |
| P/E | 8.5 |
| P/CFO | 3.0 |
| Total Yield | -0.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -2.0% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.7% |
| 3M Rtn | -0.5% |
| 6M Rtn | -24.1% |
| 12M Rtn | -19.9% |
| 3Y Rtn | 2.0% |
| 1M Excs Rtn | -5.6% |
| 3M Excs Rtn | -7.3% |
| 6M Excs Rtn | -32.3% |
| 12M Excs Rtn | -30.5% |
| 3Y Excs Rtn | -65.2% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Smart Carts | 6 | 4 | 1 | 0 | |
| Precision Metal Parts | 3 | 4 | |||
| Services | 2 | 2 | 2 | 1 | 1 |
| Total | 11 | 9 | 3 | 1 | 1 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Services | -0 | 0 | -1 | ||
| Precision Metal Parts | -2 | -1 | |||
| Smart Carts | -16 | -16 | -8 | ||
| Total | -19 | -17 | -9 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Smart Carts | 5 | 9 | 12 | 0 | 0 |
| Precision Metal Parts | 2 | 3 | |||
| Services | 1 | 1 | 2 | 9 | 4 |
| Adjustment & Elimination | 0 | 0 | 0 | ||
| Total | 9 | 13 | 14 | 9 | 5 |
Price Behavior
| Market Price | $5.92 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 01/05/2022 | |
| Distance from 52W High | -50.3% | |
| 50 Days | 200 Days | |
| DMA Price | $6.71 | $8.10 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -11.7% | -26.9% |
| 3M | 1YR | |
| Volatility | 74.6% | 69.8% |
| Downside Capture | 308.20 | 134.00 |
| Upside Capture | 324.79 | 102.66 |
| Correlation (SPY) | 43.6% | 18.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.50 | 2.46 | 3.37 | 2.58 | 0.67 | 1.09 |
| Up Beta | 3.96 | 5.11 | 3.36 | 3.23 | 0.54 | 0.69 |
| Down Beta | 1.20 | 0.05 | 2.43 | 1.89 | 0.23 | 1.00 |
| Up Capture | 541% | 316% | 412% | 192% | 101% | 229% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 24 | 36 | 59 | 118 | 347 |
| Down Capture | 522% | 351% | 333% | 269% | 116% | 108% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 16 | 23 | 62 | 126 | 381 |
[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 AZ | |
|---|---|---|---|---|
| AZ | -14.4% | 69.8% | 0.06 | - |
| Sector ETF (XLK) | 18.1% | 27.2% | 0.59 | 18.8% |
| Equity (SPY) | 13.6% | 19.3% | 0.54 | 19.1% |
| Gold (GLD) | 69.7% | 24.7% | 2.11 | 11.8% |
| Commodities (DBC) | 7.1% | 16.6% | 0.24 | 13.9% |
| Real Estate (VNQ) | 4.4% | 16.5% | 0.09 | 6.1% |
| Bitcoin (BTCUSD) | -26.6% | 40.5% | -0.66 | 23.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AZ | |
|---|---|---|---|---|
| AZ | -25.6% | 97.9% | 0.06 | - |
| Sector ETF (XLK) | 16.9% | 24.7% | 0.62 | 19.1% |
| Equity (SPY) | 14.4% | 17.0% | 0.67 | 20.2% |
| Gold (GLD) | 20.8% | 16.9% | 1.01 | 6.4% |
| Commodities (DBC) | 11.7% | 18.9% | 0.50 | 5.2% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 16.7% |
| Bitcoin (BTCUSD) | 16.0% | 57.4% | 0.49 | 13.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AZ | |
|---|---|---|---|---|
| AZ | -13.7% | 97.9% | 0.06 | - |
| Sector ETF (XLK) | 22.5% | 24.2% | 0.85 | 19.1% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 20.2% |
| Gold (GLD) | 15.4% | 15.5% | 0.83 | 6.4% |
| Commodities (DBC) | 7.9% | 17.6% | 0.37 | 5.2% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.26 | 16.7% |
| Bitcoin (BTCUSD) | 69.0% | 66.5% | 1.08 | 13.0% |
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 | 11/13/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 6-K |
| 03/31/2025 | 05/15/2025 | 6-K |
| 12/31/2024 | 03/31/2025 | 20-F |
| 09/30/2024 | 11/13/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/15/2024 | 6-K |
| 12/31/2023 | 04/03/2024 | 20-F |
| 09/30/2023 | 11/14/2023 | 6-K |
| 06/30/2023 | 08/14/2023 | 6-K |
| 03/31/2023 | 05/15/2023 | 6-K |
| 12/31/2022 | 03/27/2023 | 20-F |
| 09/30/2022 | 11/14/2022 | 6-K |
| 06/30/2022 | 08/15/2022 | 6-K |
| 12/31/2021 | 04/01/2022 | 40-F |
External Quote Links
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.