BNB Standard (BNC)
Market Price (10/1/2026): $5.98 | Market Cap: $-Sector: Industrials | Industry: Agricultural & Farm Machinery
BNB Standard (BNC)
Market Price (10/1/2026): $5.98Market Cap: $-Sector: IndustrialsIndustry: Agricultural & Farm Machinery
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -112% | Stock price has recently run up significantly6M Rtn6 month market price return is 112% High stock price volatilityVol 12M is 111% |
| Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -112% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 112% |
| High stock price volatilityVol 12M is 111% |
Qualitative Assessment
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BNB Standard (BNC) stock has gained about 115% since 6/30/2026 because of the following key factors:
1. Resolution of prior governance issues provided stability.
A cooperation agreement between CEA Industries and YZi Labs (formerly Binance Labs) on June 23, 2026, resolved an activist campaign that had been ongoing since late 2025. This resolution, occurring just before the specified period, removed a significant source of uncertainty and improved governance, laying a foundation for positive investor sentiment heading into the company’s fiscal Q1 2027 (which ended July 31, 2026) and fiscal Q2 2027 (beginning August 1, 2026).
2. Launch of a tokenized-stock product fueled speculative interest and demand.
On September 8, 2026, BNB Standard's shares (BNC) surged by approximately 46.42% to $5.11 following the introduction of "4Stock," a tokenized equities product on BNB Chain. This product, specifically BNC4, is backed 1:1 by BNC shares, allowing crypto-native traders to gain on-chain exposure to the stock. The launch generated significant speculative interest, amplified by a related meme token, directly driving demand for the underlying equity.
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BNB Standard (BNC) stock has gained about 115% since 6/30/2026 because of the following key factors:
1. Resolution of prior governance issues provided stability.
A cooperation agreement between CEA Industries and YZi Labs (formerly Binance Labs) on June 23, 2026, resolved an activist campaign that had been ongoing since late 2025. This resolution, occurring just before the specified period, removed a significant source of uncertainty and improved governance, laying a foundation for positive investor sentiment heading into the company’s fiscal Q1 2027 (which ended July 31, 2026) and fiscal Q2 2027 (beginning August 1, 2026).
2. Launch of a tokenized-stock product fueled speculative interest and demand.
On September 8, 2026, BNB Standard's shares (BNC) surged by approximately 46.42% to $5.11 following the introduction of "4Stock," a tokenized equities product on BNB Chain. This product, specifically BNC4, is backed 1:1 by BNC shares, allowing crypto-native traders to gain on-chain exposure to the stock. The launch generated significant speculative interest, amplified by a related meme token, directly driving demand for the underlying equity.
3. Strategic rebranding aligned the company's identity with its core asset.
Effective September 29, 2026, CEA Industries officially changed its corporate name to BNB Standard Corporation. This rebrand, which resulted from an open community advisory vote on X where "BNB Standard" received roughly 47% of nearly 6,000 votes, reinforced the company's identity as a key manager of the world's largest corporate treasury of Binance-affiliated token (BNB). The name change helped to solidify its strategic focus and likely enhanced market perception and investor confidence in its specialized role within the cryptocurrency ecosystem.
4. Substantial BNB treasury holdings offered exposure to the broader cryptocurrency market.
BNB Standard maintains its position as the world's largest corporate treasury of BNB, holding 515,544 BNB tokens valued at approximately $302.3 million as of July 31, 2026. This significant asset base, despite a net loss of $11.4 million in fiscal Q1 2027 largely due to an unrealized markdown on BNB holdings, positions the company to benefit from broader positive trends and ongoing technical advancements within the BNB Chain ecosystem, such as planned upgrades in 2026 for improved throughput and protocol-level privacy. Investors likely viewed the company as a key vehicle for exposure to the potential growth of this digital asset.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
6/30/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| BNC | 116.5% | |
| Market (SPY) | 2.1% | 19.5% |
| Sector (XLI) | -9.9% | 13.2% |
Fundamental Drivers
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Market Drivers
3/31/2026 to 9/30/2026| Return | Correlation | |
|---|---|---|
| BNC | 101.7% | |
| Market (SPY) | 17.6% | 26.0% |
| Sector (XLI) | 3.5% | 17.4% |
Fundamental Drivers
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Market Drivers
9/30/2025 to 9/30/2026| Return | Correlation | |
|---|---|---|
| BNC | -24.5% | |
| Market (SPY) | 15.4% | 32.3% |
| Sector (XLI) | 9.2% | 27.2% |
Fundamental Drivers
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Market Drivers
9/30/2023 to 9/30/2026| Return | Correlation | |
|---|---|---|
| BNC | -34.8% | |
| Market (SPY) | 84.5% | 4.2% |
| Sector (XLI) | 71.3% | 2.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BNC Return | -7% | -83% | -35% | 24% | -21% | -9% | -91% |
| Peers Return | 43% | -86% | 328% | 60% | -31% | 10% | 7% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| BNC Win Rate | 33% | 42% | 50% | 50% | 33% | 33% | |
| Peers Win Rate | 45% | 30% | 65% | 43% | 53% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| BNC Max Drawdown | -84% | -89% | -58% | -41% | -92% | -69% | |
| Peers Max Drawdown | -69% | -87% | -53% | -55% | -65% | -51% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSTR, MARA, RIOT, COIN, HYFM.
[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 9/30/2026 (YTD)
How Low Can It Go
| Event | BNC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.8% | -18.8% |
| % Gain to Breakeven | 66.1% | 23.1% |
| Time to Breakeven | 56 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.9% | -9.5% |
| % Gain to Breakeven | 63.8% | 10.5% |
| Time to Breakeven | 196 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.2% | -6.7% |
| % Gain to Breakeven | 37.4% | 7.1% |
| Time to Breakeven | 666 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.5% | -33.7% |
| % Gain to Breakeven | 198.3% | 50.9% |
| Time to Breakeven | 287 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -57.6% | -19.2% |
| % Gain to Breakeven | 136.1% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -74.2% | -12.2% |
| % Gain to Breakeven | 287.9% | 13.9% |
| Time to Breakeven | 220 days | 62 days |
In The Past
BNB Standard's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | BNC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.8% | -18.8% |
| % Gain to Breakeven | 66.1% | 23.1% |
| Time to Breakeven | 56 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.9% | -9.5% |
| % Gain to Breakeven | 63.8% | 10.5% |
| Time to Breakeven | 196 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.2% | -6.7% |
| % Gain to Breakeven | 37.4% | 7.1% |
| Time to Breakeven | 666 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.5% | -33.7% |
| % Gain to Breakeven | 198.3% | 50.9% |
| Time to Breakeven | 287 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -57.6% | -19.2% |
| % Gain to Breakeven | 136.1% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -74.2% | -12.2% |
| % Gain to Breakeven | 287.9% | 13.9% |
| Time to Breakeven | 220 days | 62 days |
In The Past
BNB Standard's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% 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 BNB Standard (BNC)
BNB Standard (symbol: BNC) is a global provider of technology, engineering, and services tailored for the controlled environment agriculture (CEA) industry. The company specializes in developing and implementing comprehensive infrastructure solutions designed to optimize growing conditions within large-scale indoor cultivation facilities worldwide.
Its main products and services encompass architectural design and floor plans for cultivation facilities, alongside licensed mechanical, electrical, and plumbing (MEP) engineering specifically for commercial environmental control systems. BNB Standard also supplies critical climate control systems, including process cooling and air handling equipment, LED lighting solutions, and specialized benching and racking for indoor cultivation. The company further offers automation and control technologies for environmental management and provides preventive maintenance services to ensure the ongoing efficiency of CEA facilities.
BNB Standard primarily serves commercial CEA growers globally, including those operating within state- and provincial-regulated markets. The company's expertise is geared towards businesses that require sophisticated, reliable, and integrated systems to effectively manage and scale their indoor agricultural operations.
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The Honeywell or Siemens for advanced indoor agriculture facilities.
The Cisco Systems for controlled environment agriculture.
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William B. Miller, Chief Financial Officer and Interim Principal Executive Officer
William B. Miller was appointed Chief Financial Officer of CEA Industries Inc. (now BNB Standard Corporation) effective March 9, 2026, and additionally serves as Interim Principal Executive Officer since July 22, 2026. He brings over two decades of experience in financial reporting, accounting policy, internal controls, and capital markets within public company settings. Prior to this role, Miller served as the Chief Accounting Officer at Figure Technology Solutions Inc., where he played a key role in guiding the company through its reorganization and initial public offering.
Alex Odagiu, Interim President
Alex Odagiu assumed the role of Interim President of CEA Industries Inc. (now BNB Standard Corporation) on June 23, 2026. He is an Investment Partner at YZi Labs, focusing on digital assets, decentralized finance (DeFi), and blockchain-enabled financial services. Previously, he was an Investment Partner at Binance Labs, where he managed tokens, equity, and strategic investments. Odagiu's background also includes two years as an investment professional at a London technology fund and four years as an investment banker at Goldman Sachs. He holds a master's degree in economics and mathematics from the University of St Andrews. He has been actively involved in the BNB Chain MVB program as a reviewer/mentor and has been deeply involved in YZi Labs' incubation program, EASY Residency. His investment focus includes DeFi, real-world asset tokenization, AI-crypto convergence, and stablecoin/infrastructure projects.
Carly E. Howard, Chair of the Board of Directors
Carly E. Howard serves as the Chair of the Board of Directors for BNB Standard Corporation (formerly CEA Industries Inc.). She is an attorney with the global law firm K&L Gates, specializing in digital assets for high-net-worth individuals, family offices, and investment funds. Howard possesses extensive expertise in crypto, having worked with both crypto-native projects and traditional finance companies for over five years. She is also the Founder and Principal Consultant of CEH Advisory, a legal consultancy that provides strategic design and hands-on establishment for crypto-focused funds and tokenized projects. Her prior experience includes roles as Senior Vice President at CIBC (former Atlantic Trust) and Truist (former BB&T), where she offered legal and strategic leadership to executives and high-tier wealth clients, overseeing fiduciary operations, regulatory risk, and complex trust structures. She holds a Master of Laws in Estate Planning and a Degree in Law from the University of Miami, and a Degree in Communications from the College of Charleston, South Carolina.
Renee Larson, VP Finance / Controller
Renee Larson holds the position of VP Finance / Controller at BNB Standard Corporation (formerly CEA Industries Inc.).
Jordan Vedoya, President Fat Panda Ltd.
Jordan Vedoya serves as the President of Fat Panda Ltd., a subsidiary of BNB Standard Corporation (formerly CEA Industries Inc.).
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Here are the key risks to the business of BNB Standard (symbol: BNC):
- Cryptocurrency Price Volatility: BNB Standard Corporation's primary focus is on managing the world's largest corporate treasury of BNB, a Binance-affiliated token. Consequently, the company's financial performance and valuation are highly susceptible to the extreme price volatility inherent in cryptocurrency markets. Fluctuations in the value of BNB directly impact the company's assets. For instance, recent reports indicate that BNB experienced a decline of approximately 5% over a week, even as BNB Standard's stock saw gains, highlighting the direct exposure to this volatility.
- Regulatory and Legal Risks in the Cryptocurrency Industry: The cryptocurrency sector operates within a rapidly evolving and often uncertain regulatory landscape across various jurisdictions. Changes in laws, regulations, or their interpretations by governmental bodies could adversely affect the value or liquidity of BNB holdings, or restrict BNB Standard's ability to manage its digital asset treasury. This regulatory unpredictability poses a significant risk to the company's operations and financial stability.
- Security Risks Associated with Digital Assets: Holding a substantial corporate treasury of cryptocurrency assets exposes BNB Standard to significant security risks. These include the potential for cyberattacks, hacking, theft, or accidental loss of private keys. Such security breaches could lead to substantial financial losses and damage to the company's reputation and operational capabilities.
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BNB Standard, trading under the symbol BNC, was formerly known as CEA Industries Inc. The company officially changed its name to BNB Standard Corporation on September 29, 2026, and retained its Nasdaq ticker symbol 'BNC'. This rebranding signifies a shift in the company's focus towards managing a corporate BNB treasury, aiming to establish a standard for how public companies manage BNB treasuries.
The addressable market for BNB Standard's main services revolves around the broader cryptocurrency market, specifically the BNB ecosystem, and the growing trend of public companies holding cryptocurrencies as treasury assets. As of October 2026, the BNB token trades at $768 and has a market capitalization of $100 billion. This represents the global market value of the BNB asset that the company aims to manage.
Within the global BNB Chain ecosystem, other significant market indicators include:
- The stablecoin market capitalization on BNB Chain reached a peak of $14 billion in 2025.
- Real-world assets (RWA) on BNB Chain surpassed $1.8 billion in value during 2025.
- The total number of unique addresses on BNB Chain exceeded 700 million in 2025.
These figures indicate a substantial and active global market for BNB-related assets and activities, which forms the addressable market for BNB Standard's treasury management services.
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For BNB Standard (symbol: BNC), the expected drivers of future revenue growth over the next 2-3 years primarily stem from its strategic pivot to a digital asset treasury strategy focused on BNB. CEA Industries Inc., which trades under the symbol BNC, officially announced its change of corporate name to BNB Standard Corporation, effective September 29, 2026. The company has transformed from its original focus on controlled environment agriculture (CEA) to managing a substantial treasury of BNB digital assets.
The key drivers of future revenue growth include:
- Appreciation in the Value of BNB Digital Asset Holdings: As BNB Standard Corporation is committed to building and managing what it aims to be the world's largest corporate treasury of BNB, an increase in the market price of BNB would directly enhance the value of its primary asset. This appreciation could significantly impact the company's financial performance through realized gains or mark-to-market adjustments.
- Strategic Acquisition of Additional BNB: The company plans to continue "strategically deploy significant capital acquiring additional BNB," aiming to deepen its position as the world's largest corporate BNB treasury. Expanding its holdings of BNB would naturally amplify any gains derived from price appreciation and participation within the BNB ecosystem.
- Income Generation from the BNB Ecosystem: BNB Standard Corporation's strategy offers shareholders exposure to the BNB digital ecosystem. This includes revenue streams such as airdrop income, which generated $7.9 million in fiscal year 2026, and potential yields from the Binance platform, which management expects to return to historical performance levels.
- Growth and Development of Complementary Businesses in Consumer Markets: Although the primary focus has shifted to its BNB treasury, the company states it is a "growth-oriented company that focuses on building category-leading businesses in consumer markets," encompassing its digital asset strategy. Its existing operating units, Fat Panda and Surna Cultivation Technologies, remain active and are subject to ongoing strategic evaluation. Successful performance or expansion in these or new consumer market ventures could contribute to future revenue.
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Share Repurchases
- CEA Industries repurchased and cancelled 1,434,112 shares for $3.8 million at an average price of $2.63, reducing shares outstanding to 41,173,850 as of September 2026.
- On September 22, 2025, the company announced a $250 million stock repurchase program authorized by its Board of Directors.
Share Issuance
- Shareholder dilution has been significant, with shares outstanding increasing by 348.2% in fiscal year 2022.
- The number of shares outstanding increased by 42,566.12% in one year as of September 22, 2026.
- Major shareholder YZiLabs Management Ltd. exercised warrants totaling 7,599,264 shares for $0.00001 per share on September 17, 2026.
Inbound Investments
- CEA Industries Inc. received $421.72 million in funding from a group of investors, with the transaction closing on August 5, 2025.
- The company drew $15.0 million of USDC under a master loan facility, secured by 44,198 BNB, by July 31, 2026.
- YZiLabs Management Ltd., through a PIPE financing, became a beneficial owner of 9,749,745 common shares, or 19.99% of the company's common stock.
Outbound Investments
- CEA Industries Inc. has shifted its primary business to building and managing a corporate treasury of BNB, holding 515,544 BNB tokens with a fair value of $302.3 million at July 31, 2026.
Capital Expenditures
- Capital expenditures for the last 12 months as of September 22, 2026, were -$134,000.
Peer Outperformance in Agricultural & Farm Machinery
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 4.5% | 117.0% | 185.9% | CDNL 2254% · FIX 2179% · STRL 2051% |
| Marine Transportation | 5 | 89.4% | 58.5% | 169.1% | HOS 40374% · MATX 183% · KEX 169% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 0.9% | 44.2% | 102.4% | CAT 355% · ALSN 240% · WAB 234% |
| Aerospace & Defense | 54 | -13.8% | 59.4% | 65.0% | ATI 994% · FTAI 819% · HWM 608% |
| Rail Transportation | 7 | 17.6% | 57.7% | 47.7% | FSTR 133% · CSX 64% · UNP 51% |
| Industrial Machinery & Supplies & Components | 73 | 9.0% | 42.2% | 45.2% | CRS 1103% · PSIX 1094% · EROC 605% |
| Trading Companies & Distributors | 19 | 2.4% | 34.2% | 42.4% | DXPE 489% · AIT 278% · WCC 210% |
| Diversified Support Services | 33 | 9.6% | 27.3% | 33.3% | LIME 3176% · TH 399% · WLFC 303% |
| Cargo Ground Transportation | 16 | 36.1% | 1.6% | 29.8% | XPO 258% · R 209% · CVLG 145% |
| Electrical Components & Equipment | 40 | 4.0% | 60.0% | 24.4% | POWL 2304% · BE 1400% · VRT 888% |
| Building Products | 33 | -15.9% | 0.6% | 17.7% | LMB 637% · GFF 346% · PPIH 297% |
| Industrial Conglomerates | 17 | 7.7% | 3.0% | -2.0% | RCMT 541% · CSW 125% · DD 72% |
| Passenger Ground Transportation | 3 | -31.8% | 42.4% | -7.9% | UBER 46% · CAR -8% · LYFT -73% |
| Environmental & Facilities Services | 30 | -15.3% | 17.2% | -8.5% | CECO 859% · ADUR 447% · GEO 311% |
| Agricultural & Farm Machinery ← | 17 | 12.8% | -1.5% | -11.9% | BLBD 160% · DE 109% · GENC 53% |
| Research & Consulting Services | 14 | -16.8% | -24.6% | -26.1% | HURN 199% · CRAI 72% · GRNQ 17% |
| Data Processing & Outsourced Services | 6 | -35.7% | -15.3% | -29.7% | EXLS 36% · BR 6% · G -27% |
| Office Services & Supplies | 9 | 14.7% | 16.9% | -36.0% | PBI 164% · TILE 125% · HNI 41% |
| Passenger Airlines | 11 | 14.3% | 13.9% | -37.8% | LTM 2978% · UAL 116% · DAL 91% |
| Human Resource & Employment Services | 22 | -1.1% | -17.8% | -38.0% | BBSI 61% · ADP 43% · HQI 7% |
| Air Freight & Logistics | 12 | -32.1% | -24.2% | -39.3% | CHRW 93% · FDX 77% · EXPD 68% |
| Security & Alarm Services | 10 | -25.6% | 19.5% | -40.3% | CIX 155% · MG 104% · BCO 66% |
| Airport Services | 3 | -71.9% | -78.6% | -69.4% | JOBY -40% · ASLE -69% · UP -100% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| CEA Industries Earnings Notes | 12/16/2025 | |
| CEA Industries Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 | |
| Day 8 of Loss Streak for CEA Industries Stock with -38% Return (vs. 110% YTD) [9/4/2025] | 09/05/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.97 |
| Mkt Cap | 7.1 |
| Rev LTM | 675 |
| Op Inc LTM | -41 |
| FCF LTM | -1,097 |
| FCF 3Y Avg | -961 |
| CFO LTM | -20 |
| CFO 3Y Avg | -39 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.7% |
| Rev Chg 3Y Avg | 37.6% |
| Rev Chg Q | -18.5% |
| QoQ Delta Rev Chg LTM | -4.2% |
| Op Inc Chg LTM | -14.2% |
| Op Inc Chg 3Y Avg | -27.2% |
| Op Mgn LTM | -34.4% |
| Op Mgn 3Y Avg | -27.0% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | -4.4% |
| CFO/Rev 3Y Avg | -8.3% |
| FCF/Rev LTM | -154.1% |
| FCF/Rev 3Y Avg | -127.0% |
Price Behavior
| Market Price | $5.89 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 04/05/2011 | |
| Distance from 52W High | -48.2% | |
| 50 Days | 200 Days | |
| DMA Price | $3.71 | $4.03 |
| DMA Trend | down | up |
| Distance from DMA | 58.7% | 46.2% |
| 3M | 1YR | |
| Volatility | 137.6% | 110.9% |
| Downside Capture | -18.05 | 294.21 |
| Upside Capture | 396.74 | 214.22 |
| Correlation (SPY) | 19.7% | 32.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.04 | 1.35 | 2.43 | 2.58 | 2.75 | 0.89 |
| Up Beta | 14.15 | 1.70 | 2.67 | 2.54 | 2.09 | 0.12 |
| Down Beta | 1.49 | -0.40 | 3.79 | 4.76 | 4.28 | 3.35 |
| Up Capture | 658% | 500% | 525% | 382% | 375% | 57% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 13 | 25 | 34 | 62 | 113 | 341 |
| Down Capture | -680% | -380% | -35% | 146% | 172% | 105% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 16 | 28 | 62 | 133 | 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 BNC | |
|---|---|---|---|---|
| BNC | -25.8% | 110.7% | 0.21 | - |
| Sector ETF (XLI) | 10.1% | 17.3% | 0.39 | 27.1% |
| Equity (SPY) | 15.9% | 13.0% | 0.87 | 32.2% |
| Gold (GLD) | 8.1% | 29.6% | 0.26 | 15.6% |
| Commodities (DBC) | 43.1% | 20.8% | 1.61 | 1.2% |
| Real Estate (VNQ) | 2.2% | 13.6% | -0.09 | 12.2% |
| Bitcoin (BTCUSD) | -27.1% | 44.5% | -0.58 | 35.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BNC | |
|---|---|---|---|---|
| BNC | -40.2% | 268.9% | 0.26 | - |
| Sector ETF (XLI) | 12.6% | 17.6% | 0.55 | 4.6% |
| Equity (SPY) | 13.2% | 17.2% | 0.59 | 6.0% |
| Gold (GLD) | 18.2% | 18.9% | 0.78 | 0.8% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | 2.3% |
| Real Estate (VNQ) | 0.5% | 18.9% | -0.08 | 0.2% |
| Bitcoin (BTCUSD) | 13.9% | 52.3% | 0.44 | 5.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BNC | |
|---|---|---|---|---|
| BNC | -27.8% | 221.0% | 0.34 | - |
| Sector ETF (XLI) | 13.2% | 20.0% | 0.58 | 3.4% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 4.4% |
| Gold (GLD) | 11.8% | 16.4% | 0.58 | 2.4% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 3.3% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 1.5% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 5.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/11/2026 | 9.8% | 24.6% | |
| 6/23/2026 | 18.5% | 19.8% | 26.0% |
| 3/16/2026 | -0.9% | -3.3% | -14.9% |
| 12/16/2025 | 0.2% | -3.9% | -0.9% |
| 9/23/2025 | 2.1% | 1.7% | -4.0% |
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 1 |
| # Negative | 1 | 2 | 3 |
| Median Positive | 5.9% | 19.8% | 26.0% |
| Median Negative | -0.9% | -3.6% | -4.0% |
| Max Positive | 18.5% | 24.6% | 26.0% |
| Max Negative | -0.9% | -3.9% | -14.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/11/2026 | 9.8% | 24.6% | |
| 6/23/2026 | 18.5% | 19.8% | 26.0% |
| 3/16/2026 | -0.9% | -3.3% | -14.9% |
| 12/16/2025 | 0.2% | -3.9% | -0.9% |
| 9/23/2025 | 2.1% | 1.7% | -4.0% |
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 1 |
| # Negative | 1 | 2 | 3 |
| Median Positive | 5.9% | 19.8% | 26.0% |
| Median Negative | -0.9% | -3.6% | -4.0% |
| Max Positive | 18.5% | 24.6% | 26.0% |
| Max Negative | -0.9% | -3.9% | -14.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/11/2026 | 10-Q |
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 04/30/2025 | 07/25/2025 | 10-KT |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/11/2026 | 10-Q |
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 04/30/2025 | 07/25/2025 | 10-KT |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/29/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/10/2021 | 10-Q |
| 03/31/2021 | 05/11/2021 | 10-Q |
| 12/31/2020 | 03/24/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 06/25/2020 | 10-Q |
| 12/31/2019 | 03/24/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
| 06/30/2019 | 08/07/2019 | 10-Q |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Agricultural & Farm Machinery Resources |
| Farm Equipment |
| AgEquipment Intelligence |
| Implement & Tractor |
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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