California BanCorp (BCAL)
Market Price (2/28/2026): $18.3 | Market Cap: $593.9 MilSector: Financials | Industry: Regional Banks
California BanCorp (BCAL)
Market Price (2/28/2026): $18.3Market Cap: $593.9 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 10% | Weak multi-year price returns2Y Excs Rtn is -13% | Key risksBCAL key risks include [1] a heavy concentration in commercial real estate loans, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% | ||
| Low stock price volatilityVol 12M is 27% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.4%, FCF Yield is 10% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Weak multi-year price returns2Y Excs Rtn is -13% |
| Key risksBCAL key risks include [1] a heavy concentration in commercial real estate loans, Show more. |
Qualitative Assessment
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California BanCorp (BCAL) stock has remained largely at the same level since 10/31/2025 because of the following key factors:
1. Strong Financial Performance in Q4 and Full-Year 2025. California BanCorp reported a net income of $16.4 million, or $0.50 per diluted share, for the fourth quarter of 2025, an increase from $15.7 million, or $0.48 per diluted share, in the third quarter of 2025. For the full year 2025, the company's net income was $63.1 million, or $1.93 per diluted share, a significant rise from $5.4 million, or $0.22 per diluted share, in the full year 2024.
2. Strategic Balance Sheet Restructuring and De-risking. The company completed a 2024 merger that expanded its market presence and subsequently restructured and de-risked its balance sheet. This involved reducing high-risk loans, improving its credit profile, and decreasing reliance on high-cost brokered deposits by growing core deposits, which ultimately lowered its cost of funds.
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1. Strong Financial Performance in Q4 and Full-Year 2025. California BanCorp reported a net income of $16.4 million, or $0.50 per diluted share, for the fourth quarter of 2025, an increase from $15.7 million, or $0.48 per diluted share, in the third quarter of 2025. For the full year 2025, the company's net income was $63.1 million, or $1.93 per diluted share, a significant rise from $5.4 million, or $0.22 per diluted share, in the full year 2024.
2. Strategic Balance Sheet Restructuring and De-risking. The company completed a 2024 merger that expanded its market presence and subsequently restructured and de-risked its balance sheet. This involved reducing high-risk loans, improving its credit profile, and decreasing reliance on high-cost brokered deposits by growing core deposits, which ultimately lowered its cost of funds.
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Stock Movement Drivers
Fundamental Drivers
The -0.5% change in BCAL stock from 10/31/2025 to 2/27/2026 was primarily driven by a -50.9% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.39 | 18.31 | -0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 173 | 180 | 4.1% |
| Net Income Margin (%) | 18.1% | 35.3% | 94.9% |
| P/E Multiple | 19.1 | 9.4 | -50.9% |
| Shares Outstanding (Mil) | 32 | 32 | -0.1% |
| Cumulative Contribution | -0.5% |
Market Drivers
10/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| BCAL | -0.5% | |
| Market (SPY) | 0.6% | 26.1% |
| Sector (XLF) | -1.8% | 42.0% |
Fundamental Drivers
The 22.8% change in BCAL stock from 7/31/2025 to 2/27/2026 was primarily driven by a 206.2% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.91 | 18.31 | 22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 151 | 180 | 19.3% |
| Net Income Margin (%) | 11.5% | 35.3% | 206.2% |
| P/E Multiple | 27.8 | 9.4 | -66.3% |
| Shares Outstanding (Mil) | 32 | 32 | -0.4% |
| Cumulative Contribution | 22.8% |
Market Drivers
7/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| BCAL | 22.8% | |
| Market (SPY) | 8.8% | 37.5% |
| Sector (XLF) | -1.5% | 48.6% |
Fundamental Drivers
The 10.9% change in BCAL stock from 1/31/2025 to 2/27/2026 was primarily driven by a 71.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.51 | 18.31 | 10.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 105 | 180 | 71.8% |
| P/S Multiple | 4.4 | 3.3 | -24.4% |
| Shares Outstanding (Mil) | 28 | 32 | -14.6% |
| Cumulative Contribution | 10.9% |
Market Drivers
1/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| BCAL | 10.9% | |
| Market (SPY) | 15.0% | 56.9% |
| Sector (XLF) | 1.0% | 62.0% |
Fundamental Drivers
The 110.1% change in BCAL stock from 1/31/2023 to 2/27/2026 was primarily driven by a 1306.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.71 | 18.31 | 110.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13 | 180 | 1306.3% |
| Net Income Margin (%) | 11.3% | 35.3% | 211.5% |
| P/E Multiple | 50.6 | 9.4 | -81.5% |
| Shares Outstanding (Mil) | 8 | 32 | -74.1% |
| Cumulative Contribution | 110.1% |
Market Drivers
1/31/2023 to 2/27/2026| Return | Correlation | |
|---|---|---|
| BCAL | 110.1% | |
| Market (SPY) | 75.0% | 41.7% |
| Sector (XLF) | 47.1% | 53.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BCAL Return | 0% | 0% | 98% | -5% | 13% | 1% | 116% |
| Peers Return | 18% | -30% | 30% | 1% | 22% | 5% | 40% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| BCAL Win Rate | 0% | 0% | 42% | 17% | 50% | 50% | |
| Peers Win Rate | 33% | 47% | 58% | 44% | 80% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BCAL Max Drawdown | 0% | 0% | 0% | -26% | -26% | -4% | |
| Peers Max Drawdown | -8% | -38% | -27% | -17% | -7% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, CBC, HYNE, NU.
[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 2/27/2026 (YTD)
How Low Can It Go
| Event | BCAL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -14.3% | -25.4% |
| % Gain to Breakeven | 16.7% | 34.1% |
| Time to Breakeven | 43 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.4% | -33.9% |
| % Gain to Breakeven | 45.7% | 51.3% |
| Time to Breakeven | 1,144 days | 148 days |
| 2018 Correction | ||
| % Loss | -22.8% | -19.8% |
| % Gain to Breakeven | 29.6% | 24.7% |
| Time to Breakeven | 1,362 days | 120 days |
Compare to NEWT, ATLO, CBC, HYNE, NU
In The Past
California BanCorp's stock fell -14.3% during the 2022 Inflation Shock from a high on 8/9/2023. A -14.3% loss requires a 16.7% gain to breakeven.
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About California BanCorp (BCAL)
California BanCorp. operates as the holding company for Bank of Southern California, N.A. that provides various financial products to individuals, professionals, and small-to medium-sized businesses. The company offers checking, personal and business savings, and money market accounts, as well as certificates of deposit. It also provides home equity lines of credit, business loans and lines of credit, commercial real estate and construction loans, small business administration loans, letters of credit, and personal and business credit cards. In addition, the company provides cash vault, sweep accounts, and remote deposit capture services; online and mobile banking services; courier service; lockbox services; and merchant services. It operates branches in San Diego, Orange, Ventura, Los Angeles, and Riverside counties, as well as the Inland Empire. The company was formerly known as Southern California Bancorp and changed its name to California BanCorp. in August 2024. The company was founded in 2001 and is headquartered in San Diego, California.
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Here are 1-3 brief analogies for California BanCorp (BCAL):
- Like a regional Wells Fargo, focused exclusively on commercial and private banking in the San Francisco Bay Area.
- A community-oriented Bank of America for businesses and affluent clients in the San Francisco Bay Area.
- Think of it as a local version of U.S. Bancorp, serving the specific banking needs of the San Francisco Bay Area.
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```html- Commercial & Industrial (C&I) Loans: Loans provided to businesses for working capital, equipment purchases, or general operational needs.
- Commercial Real Estate (CRE) Loans: Financing for the acquisition, development, and refinancing of income-producing properties.
- Construction Loans: Short-term financing for building new properties or renovating existing ones.
- Deposit Accounts: A range of checking, savings, money market, and certificate of deposit accounts for businesses and individuals.
- Treasury Management Services: Business banking solutions like cash management, online banking, and remote deposit capture to optimize financial operations.
- SBA Loans: Government-guaranteed loans designed to support the growth and development of small businesses.
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California BanCorp (symbol: BCAL) is a bank holding company whose primary subsidiary is California Bank of Commerce. As a commercial bank, it serves a diverse range of customers, primarily businesses.
Due to the confidential nature of banking relationships, California BanCorp does not publicly disclose the names of its specific major customer companies. Instead, its customer base consists of a broad array of businesses and individuals falling into general categories. The bank primarily serves businesses, making the "categories of customers" approach more appropriate for describing its client base:
- Commercial Businesses: This includes small to medium-sized businesses (SMBs) and larger enterprises across various industries throughout Northern California. These customers seek a range of services including commercial loans, lines of credit, treasury management services, and deposit accounts.
- Commercial Real Estate (CRE) Developers and Investors: Entities involved in the acquisition, development, and management of commercial properties (e.g., office buildings, industrial spaces, multi-family housing) constitute a significant customer segment, requiring financing solutions for their projects.
- High-Net-Worth Individuals and Business Principals: While primarily a commercial bank, BCAL also serves individuals, often those connected to its business clients, who require private banking, wealth management, and specialized deposit services.
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Steven Shelton, Chief Executive Officer
Mr. Shelton is the Chief Executive Officer and Director of California BanCorp (BCAL) and California Bank of Commerce (CBC). He was a founder of California Bank of Commerce and has been with the bank since its inception. Previously, he served for thirteen years in various executive management positions, including President, of CivicBank of Commerce, which was acquired by City National Bank in 2002.
Thomas Dolan, Chief Financial Officer (California BanCorp) & Chief Strategy Officer
Mr. Dolan serves as the Chief Financial Officer for California BanCorp and Chief Strategy Officer of California Bank of Commerce. He brings 40 years of experience in strategic and operational leadership within highly entrepreneurial, growth-oriented financial institutions. Prior to the merger, he was the Chief Financial Officer and Chief Operating Officer of Southern California Bancorp.
David I. Rainer, Executive Chairman
Mr. Rainer is the Executive Chairman for California BanCorp (BCAL) and California Bank of Commerce (CBC). Before the merger with CBC, he served as the Executive Chairman and Chief Executive Officer of Bank of Southern California.
Richard Hernandez, President
Mr. Hernandez is the President of California Bank of Commerce (CBC) and brings over 24 years of industry experience to the California Market. He previously served as President of Southern California Bancorp and now holds the position of President for the combined company and bank.
Michele Wirfel, Chief Operating Officer
Ms. Wirfel serves as the Chief Operating Officer of California Bank of Commerce.
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The key risks to California BanCorp's (BCAL) business are primarily concentrated in its loan portfolio and the broader economic environment.
- Concentration in Commercial Real Estate (CRE) Loans: California BanCorp is heavily exposed to commercial real estate, with 58.6% of its total loans allocated to CRE, which is significantly higher than the average for banks of its size. A substantial portion of these are non-owner-occupied CRE loans, increasing the risk of vacancies, tenant turnover, and competitive pressures on rental rates. The company's high CRE concentration represented 459% of its total risk-based capital at December 31, 2024, exposing it to potential credit quality deterioration in this segment. Concerns about the overall quality of the loan portfolio are further evidenced by an increase in "special mention loans" from 2.18% to 3.29% and "substandard loans" from 2.72% to 2.83% between Q2 and Q3 2025.
- Interest Rate Risk and Macroeconomic Conditions: The bank faces significant exposure to interest rate fluctuations as it plans to reprice nearly $200 million in non-owner-occupied CRE loans in the coming months, with an additional $384 million slated for review within the next 12 to 24 months. The company is also monitoring broader macroeconomic variables, including increasing interest rates, inflation, and concerns regarding an economic downturn, which could lead to slower loan growth, declining deposits, margin pressure, and liquidity stresses. The net interest margin decreased in 2024 due to an increase in the cost of funds.
- Reliance on Uninsured Deposits: California BanCorp's high level of uninsured deposits, which accounted for 46% of total deposits as of December 31, 2024, poses a liquidity risk if there were to be significant withdrawals.
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- Deterioration in the Commercial Real Estate (CRE) market, particularly in California, posing a threat to asset quality and loan performance. California BanCorp has a significant concentration in CRE loans, and the market, especially for office properties, is facing headwinds from higher interest rates, remote work trends, and economic uncertainties, leading to declining valuations, increased vacancies, and potential for higher loan defaults.
- Sustained Net Interest Margin (NIM) compression due to the prolonged higher interest rate environment and intense competition for deposits. The elevated cost of funds, driven by customers seeking higher yields and aggressive deposit competition from larger financial institutions and non-bank alternatives, continues to pressure BCAL's profitability by narrowing the spread between interest earned on assets and interest paid on liabilities.
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California BanCorp (symbol: BCAL) operates primarily in the commercial banking sector, offering a range of financial products and services to individuals, professionals, and small to medium-sized businesses in California. Their services include commercial lending, deposit gathering, and a comprehensive suite of banking products, with a significant portion of their loan portfolio (79% as of September 30, 2025) in real estate secured credit, including construction and commercial real estate loans.
Addressable Market Sizes in California:
- Commercial Banking: The market size for the Commercial Banking industry in California is projected to be $125.7 billion in 2025.
- Real Estate Loans & Collateralized Debt (including Commercial Real Estate Lending): The market size for the Real Estate Loans & Collateralized Debt industry in California is estimated to be $62.3 billion in 2025.
- SBA Loans: In Fiscal Year 2024, the total loan volume for SBA loans in California was $4.15 billion, funding 7,658 businesses. Additionally, in 2021, reporting banks issued $45.6 billion in new lending to California businesses through loans of $1 million or less.
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California BanCorp (symbol: BCAL) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Expanded Market Presence and Scale through Merger: The merger between Southern California Bancorp and the predecessor California BanCorp, which closed on July 31, 2024, significantly expanded the company's geographic footprint across Northern and Southern California. This expansion provides a larger market for its commercial banking services and opportunities to achieve greater scale and efficiency. The company aims to leverage this expanded branch network and complementary business models to increase market share in these regions.
- Growth in Deposits and Loan Originations: California BanCorp consistently highlights its focus on attracting new deposits and originating new loans, which directly drives interest income, a primary component of bank revenue. The company reported strong deposit growth of $147.4 million and loan originations of $158.4 million in the third quarter of 2025. Management is focused on the "prudent growth of our franchise" through high-quality customer service to middle-market businesses.
- Relationship-Driven Business Banking Model: The company emphasizes its strategic focus on a relationship-driven business banking model. This approach is expected to foster deeper client relationships, leading to increased customer loyalty, cross-selling opportunities for various financial products and services, and organic growth within its existing and expanded client base.
- Operational Efficiencies and Synergies from Merger: Beyond market expansion, the merger is anticipated to generate operational efficiencies and cost savings. This scalable business model is expected to bring cost savings and greater efficiency to operations. While not direct revenue generation, improved efficiency and cost management contribute to stronger profitability, freeing up resources that can be strategically reinvested to support further revenue-generating activities and overall growth.
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Share Repurchases
- California BanCorp's Board of Directors authorized an increase in its share repurchase program to 1.6 million shares, up from 550,000 shares, on May 1, 2025. This represents approximately 4.9% of the company's outstanding shares.
- In the third quarter of 2025, the company repurchased 89,500 shares of common stock for $1.4 million at an average price of $15.22 per share.
- As of September 30, 2025, a maximum of 1,510,500 shares remained authorized for repurchase under the program.
Share Issuance
- California BanCorp (formerly Southern California Bancorp) completed a merger of equals with the former California BanCorp (CALB) on July 31, 2024.
- As part of the merger, 13,620,214 shares of BCAL common stock were issued to former CALB shareholders.
- The fair value of common shares issued and exchanged as part of the purchase consideration for the merger was $213.944 million.
Outbound Investments
- California BanCorp makes investments in restricted stock, other bank stock, and other equity investments in technology venture capital funds focused on fintech and community banking.
- There was a decrease of $85.8 million in restricted stocks and other equity purchases for the nine months ended September 30, 2025, compared to the same period in 2024.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| California BanCorp Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to BCAL.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FDS | FactSet Research Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -18.8% | -18.8% | -25.3% |
| 01302026 | PFSI | PennyMac Financial Services | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -6.9% | -6.9% | -9.3% |
| 01302026 | ALLY | Ally Financial | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.9% | -1.9% | -5.5% |
| 01232026 | FIS | Fidelity National Information Services | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -18.9% | -18.9% | -22.6% |
| 01022026 | MORN | Morningstar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -18.1% | -18.1% | -26.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.98 |
| Mkt Cap | 0.5 |
| Rev LTM | 180 |
| Op Inc LTM | - |
| FCF LTM | 19 |
| FCF 3Y Avg | 29 |
| CFO LTM | 20 |
| CFO 3Y Avg | 30 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 22.0% |
| Rev Chg 3Y Avg | 32.7% |
| Rev Chg Q | 22.9% |
| QoQ Delta Rev Chg LTM | 5.2% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 31.5% |
| CFO/Rev 3Y Avg | 26.4% |
| FCF/Rev LTM | 30.8% |
| FCF/Rev 3Y Avg | 22.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.5 |
| P/S | 3.6 |
| P/EBIT | - |
| P/E | 12.2 |
| P/CFO | 11.0 |
| Total Yield | 10.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.1 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.3% |
| 3M Rtn | 3.6% |
| 6M Rtn | 3.6% |
| 12M Rtn | 15.8% |
| 3Y Rtn | 28.9% |
| 1M Excs Rtn | 1.1% |
| 3M Excs Rtn | 2.0% |
| 6M Excs Rtn | -2.5% |
| 12M Excs Rtn | 0.1% |
| 3Y Excs Rtn | -45.4% |
Price Behavior
Price Behavior
| Market Price | $18.31 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 03/22/2018 | |
| Distance from 52W High | -8.6% | |
| 50 Days | 200 Days | |
| DMA Price | $18.76 | $17.17 |
| DMA Trend | up | down |
| Distance from DMA | -2.4% | 6.6% |
| 3M | 1YR | |
| Volatility | 19.1% | 27.2% |
| Downside Capture | 60.22 | 82.74 |
| Upside Capture | 24.40 | 83.39 |
| Correlation (SPY) | 20.2% | 57.2% |
BCAL Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.40 | 0.22 | 0.36 | 0.73 | 0.81 | 0.64 |
| Up Beta | 2.03 | 1.17 | 1.20 | 1.76 | 0.69 | 0.70 |
| Down Beta | -0.24 | -0.15 | -0.17 | 0.33 | 0.93 | 0.93 |
| Up Capture | 3% | -17% | 27% | 79% | 76% | 27% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 8 | 15 | 30 | 61 | 117 | 301 |
| Down Capture | 106% | 71% | 48% | 40% | 90% | 64% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 12 | 26 | 31 | 64 | 132 | 347 |
[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 BCAL | |
|---|---|---|---|---|
| BCAL | 15.6% | 27.1% | 0.51 | - |
| Sector ETF (XLF) | 2.2% | 19.8% | -0.00 | 62.5% |
| Equity (SPY) | 16.5% | 19.4% | 0.66 | 57.2% |
| Gold (GLD) | 81.3% | 25.7% | 2.29 | -2.5% |
| Commodities (DBC) | 13.4% | 16.9% | 0.58 | 10.6% |
| Real Estate (VNQ) | 7.3% | 16.6% | 0.25 | 41.2% |
| Bitcoin (BTCUSD) | -20.2% | 44.9% | -0.37 | 23.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BCAL | |
|---|---|---|---|---|
| BCAL | 6.4% | 26.4% | 0.39 | - |
| Sector ETF (XLF) | 11.3% | 18.8% | 0.48 | 53.1% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 41.7% |
| Gold (GLD) | 23.5% | 17.1% | 1.12 | 1.9% |
| Commodities (DBC) | 10.6% | 19.0% | 0.44 | 4.3% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 36.3% |
| Bitcoin (BTCUSD) | 4.5% | 57.0% | 0.30 | 23.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BCAL | |
|---|---|---|---|---|
| BCAL | 1.4% | 26.4% | 0.16 | - |
| Sector ETF (XLF) | 13.8% | 22.2% | 0.57 | 50.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 43.4% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 2.9% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 9.4% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 39.1% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 26.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/28/2026 | -0.3% | 1.8% | 2.1% |
| 10/28/2025 | 2.8% | 7.6% | 13.3% |
| 7/28/2025 | 0.2% | -9.0% | 3.4% |
| 4/24/2025 | 3.2% | 7.0% | 14.1% |
| 2/12/2025 | 2.6% | 0.1% | -7.2% |
| 10/29/2024 | 0.8% | 1.9% | 24.9% |
| 7/29/2024 | -1.4% | 0.0% | -2.1% |
| 4/29/2024 | -0.8% | 0.4% | -1.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 8 | 6 |
| # Negative | 4 | 3 | 5 |
| Median Positive | 1.9% | 1.9% | 11.5% |
| Median Negative | -0.6% | -4.0% | -2.4% |
| Max Positive | 3.2% | 7.6% | 24.9% |
| Max Negative | -1.4% | -9.0% | -9.2% |
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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