Brightstar Lottery (BRSL)
Market Price (3/30/2026): $12.615 | Market Cap: $2.4 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Brightstar Lottery (BRSL)
Market Price (3/30/2026): $12.615Market Cap: $2.4 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
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 37%, Dividend Yield is 31%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33% | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -93% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 119% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% | ||
| Low stock price volatilityVol 12M is 32% | ||
| Megatrend and thematic driversMegatrends include Markets & Betting, and Fintech & Digital Payments. Themes include Prediction Markets, and Digital Payments. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 37%, Dividend Yield is 31%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 33% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Markets & Betting, and Fintech & Digital Payments. Themes include Prediction Markets, and Digital Payments. |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -93% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 119% |
Qualitative Assessment
AI Analysis | Feedback
1. Significant Upcoming Italy Lotto License Payment: Brightstar Lottery faces a substantial approximately $1 billion Italy Lotto license payment due in Q2 2026. While the company improved its net debt leverage to 2.4x and reduced debt by over $2 billion in 2025, this large upcoming payment has generated investor caution regarding future capital requirements.
2. Substantial Institutional Selling: During Q4 2025, several major institutional investors significantly reduced their positions in Brightstar Lottery. Notably, Lazard Asset Management LLC removed an estimated $58.4 million in shares, and Solel Partners LP sold an estimated $10.18 million in shares. This substantial selling by large holders indicates a notable shift in institutional sentiment.
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Stock Movement Drivers
Fundamental Drivers
The -18.0% change in BRSL stock from 11/30/2025 to 3/29/2026 was primarily driven by a -52.0% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.37 | 12.61 | -18.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,494 | 2,510 | 0.6% |
| Net Income Margin (%) | 12.2% | 5.9% | -52.0% |
| P/E Multiple | 9.9 | 16.1 | 63.6% |
| Shares Outstanding (Mil) | 195 | 188 | 3.7% |
| Cumulative Contribution | -18.0% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRSL | -18.0% | |
| Market (SPY) | -5.3% | 43.9% |
| Sector (XLY) | -10.4% | 52.8% |
Fundamental Drivers
The -21.8% change in BRSL stock from 8/31/2025 to 3/29/2026 was primarily driven by a -26.0% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.13 | 12.61 | -21.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,451 | 2,510 | 2.4% |
| Net Income Margin (%) | 7.9% | 5.9% | -26.0% |
| P/E Multiple | 16.9 | 16.1 | -4.5% |
| Shares Outstanding (Mil) | 203 | 188 | 8.0% |
| Cumulative Contribution | -21.8% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRSL | -21.8% | |
| Market (SPY) | 0.6% | 44.9% |
| Sector (XLY) | -8.5% | 51.8% |
Fundamental Drivers
The -8.7% change in BRSL stock from 2/28/2025 to 3/29/2026 was primarily driven by a -57.8% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.81 | 12.61 | -8.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,512 | 2,510 | -0.1% |
| Net Income Margin (%) | 13.9% | 5.9% | -57.8% |
| P/E Multiple | 8.1 | 16.1 | 98.8% |
| Shares Outstanding (Mil) | 205 | 188 | 9.0% |
| Cumulative Contribution | -8.7% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRSL | -8.7% | |
| Market (SPY) | 9.8% | 54.5% |
| Sector (XLY) | -1.3% | 55.5% |
Fundamental Drivers
The -34.6% change in BRSL stock from 2/28/2023 to 3/29/2026 was primarily driven by a -44.7% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.29 | 12.61 | -34.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,597 | 2,510 | -3.4% |
| Net Income Margin (%) | 10.6% | 5.9% | -44.7% |
| P/E Multiple | 14.0 | 16.1 | 15.0% |
| Shares Outstanding (Mil) | 200 | 188 | 6.4% |
| Cumulative Contribution | -34.6% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRSL | -34.6% | |
| Market (SPY) | 69.4% | 48.9% |
| Sector (XLY) | 49.0% | 48.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRSL Return | 72% | -19% | 25% | -33% | 11% | -15% | 9% |
| Peers Return | 28% | -34% | 74% | 0% | 1% | -23% | 16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| BRSL Win Rate | 58% | 33% | 67% | 33% | 50% | 0% | |
| Peers Win Rate | 53% | 39% | 61% | 50% | 69% | 11% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BRSL Max Drawdown | -9% | -46% | -1% | -35% | -17% | -17% | |
| Peers Max Drawdown | -20% | -49% | -15% | -15% | -20% | -26% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: INSE, ACEL, DKNG.
[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 3/27/2026 (YTD)
How Low Can It Go
| Event | BRSL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -52.5% | -25.4% |
| % Gain to Breakeven | 110.4% | 34.1% |
| Time to Breakeven | 291 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -75.2% | -33.9% |
| % Gain to Breakeven | 302.6% | 51.3% |
| Time to Breakeven | 267 days | 148 days |
| 2018 Correction | ||
| % Loss | -62.8% | -19.8% |
| % Gain to Breakeven | 169.0% | 24.7% |
| Time to Breakeven | 809 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -85.3% | -56.8% |
| % Gain to Breakeven | 582.6% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to INSE, ACEL, DKNG
In The Past
Brightstar Lottery's stock fell -52.5% during the 2022 Inflation Shock from a high on 11/9/2021. A -52.5% loss requires a 110.4% gain to breakeven.
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About Brightstar Lottery (BRSL)
AI Analysis | Feedback
Brightstar Lottery (BRSL) is like:
- The Microsoft or Oracle of the global gambling industry, powering the software, systems, and hardware for lotteries, casinos, and sportsbooks.
- A blend of Scientific Games and Fiserv, handling the technology for lottery tickets, casino games, digital betting, and transaction processing worldwide.
AI Analysis | Feedback
- Lottery Point-of-Sale Systems: Designs, sells, operates, and leases machines for managing lottery transactions and funds at retail locations.
- Online Lottery Processing Systems: Provides systems for conducting and processing online lottery transactions.
- Instant Lottery Ticket Production: Produces instant scratch-off lottery games and offers related printing services.
- Casino Gaming Hardware & Software: Develops and supplies physical cabinets, games, and management systems for land-based casinos.
- Video Lottery Terminals (VLTs): Offers VLT hardware, central systems, and a variety of VLT games for regulated gaming environments.
- Digital Casino & iGaming Solutions: Provides online casino games (slots, table games), social casino content, remote game servers, and iGaming platform solutions.
- Sports Betting Technology: Delivers technology and management services to facilitate sports betting operations.
- Commercial Transaction Processing: Processes various commercial transactions like prepaid recharges, bill payments, and money transfers through its extensive network.
AI Analysis | Feedback
Brightstar Lottery (BRSL) is described as International Game Technology PLC (IGT). Based on the provided company description, IGT primarily sells its products and services to other companies, making it a business-to-business (B2B) enterprise. Its major customers can be categorized as follows:
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Governmental Lottery Authorities and Organizations: These are the entities responsible for operating and regulating state or national lotteries. IGT provides them with essential infrastructure, including point-of-sale machines, online lottery transaction processing systems, instant ticket games, and related printing services.
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Casino and Gaming Operators: This category encompasses land-based casinos and other licensed venues that operate gaming machines. IGT supplies them with a full suite of products, including cabinets, games, systems, software for the gaming market, and comprehensive gaming management systems for casino and patron management, as well as Video Lottery Terminals (VLTs).
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Digital/Online Gaming and Sports Betting Operators: These companies specialize in online gambling, social casinos, and sports betting platforms. IGT offers them a wide array of digital gaming products and services (such as blackjack, roulette, and slot games), remote game servers, iGaming systems, digital platforms, and sports betting solutions.
The provided background information describes the types of companies that are IGT's customers but does not list specific customer company names or their public symbols.
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Vincent L. Sadusky, Chief Executive Officer
Mr. Sadusky has served as Chief Executive Officer of Brightstar Lottery since January 2022. He has also served on the Board of Directors since the company's formation, initially as an independent non-executive director and Chair of the Audit Committee before transitioning to the CEO role. Prior to the formation of Brightstar Lottery, Mr. Sadusky served on the International Game Technology Board of Directors from July 2010 to April 2015. He previously served as Chief Executive Officer and a member of the Board of Directors of Univision Communications Inc.
Massimiliano Chiara, Executive Vice President and Chief Financial Officer
Mr. Chiara has served on the Board, and as Chief Financial Officer, since April 2020. Before joining the Company, he served as Chief Financial Officer of CNH Industrial from September 2013 and also took on responsibilities as head of Mergers & Acquisitions for CNH Industrial from 2017. From 2009 to 2013, Mr. Chiara held various positions with Fiat Chrysler Automobiles (and its predecessors), including Chief Financial Officer and Head of Business Development in Latin America. He will continue as CFO and assume additional responsibilities for strategy and mergers and acquisitions, though he will not stand for re-election at the Company's next Annual General Meeting in May 2026.
Marco Sala, Executive Chair of the Board
Mr. Sala has served as the Executive Chair of the Board since January 2022, overseeing the Company's strategic direction. He was previously CEO of De Agostini S.p.A., Brightstar Lottery's controlling shareholder, from June 2022 to June 2025, and Chairman and CEO of DeA Capital S.p.A., from April 2022 to mid-July 2025. He continues to serve on the Boards of De Agostini S.p.A., B&D Holding S.p.A., and DeA Capital S.p.A. From April 2009 to April 2015, Mr. Sala served as CEO of GTECH S.p.A., a predecessor of both IGT and Brightstar Lottery. He also served as CEO of Buffetti and Head of the Business Directories Division for SEAT Pagine Gialle.
Renato Ascoli, Chief Executive Officer, Global Lottery
Mr. Ascoli is the Chief Executive Officer of Global Lottery, responsible for Global Lottery Sales and Operations, Global Lottery Product and Sales Development, and Global Lottery Technology and Support. He joined GTECH S.p.A., a predecessor to Brightstar Lottery, in 2006 as Director of the Gaming division. Prior to that, from 1992 to 2005, he worked for the national railway system Ferrovie dello Stato/Trenitalia in various leadership roles, including head of Administration, Budget, and Control of the Local Transport Division, head of Strategies, Planning, and Control of the Transport Area, and head of the Passengers Commercial Unit.
Robert Vincent, Chairperson, IGT Global Solutions Corporation
Mr. Vincent serves as Chairperson for the primary operating subsidiary of Brightstar Lottery's U.S. lottery business, IGT Global Solutions Corporation. In this role, he represents Brightstar Lottery in interactions with global customers, current and potential partners, and government officials.
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nullAI Analysis | Feedback
The increasing consumer preference and market shift towards purely digital, mobile-native, and online-only gaming, sports betting, and lottery platforms poses a clear emerging threat. This trend can undermine the value and demand for the physical point-of-sale machines, instant tickets, video lottery terminals (VLTs), and traditional casino gaming systems that form a significant part of Brightstar Lottery's operations, potentially favoring companies with lighter physical footprints and more agile digital-first strategies.
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Brightstar Lottery (symbol: BRSL), which operates as International Game Technology PLC, is a global leader in gaming technology products and services across three primary segments: Global Lottery, Global Gaming, and Digital & Betting. The addressable markets for their main products and services are substantial across various regions. For its **Global Lottery** segment, the worldwide market exceeds $300 billion annually. The global lottery market was estimated at USD 374.01 billion in 2025 and is projected to reach USD 596.48 billion by 2033, growing at a compound annual growth rate (CAGR) of 6.0% from 2026 to 2033. In North America, the lottery market generated approximately USD 90.66 billion in revenue in 2024 and is expected to reach approximately USD 115.90 billion by 2030, growing at a CAGR of 4.1% from 2025 to 2030. The European lottery market was estimated at USD 118.75 billion in 2024 and is projected to reach approximately USD 172.37 billion by 2030, with a CAGR of 6.5% from 2025 to 2030. The Asia-Pacific lottery market is projected to reach USD 5.10 billion in 2025, with an anticipated growth rate (CAGR 2025-2029) of 2.92%. In the **Global Gaming** market (which includes digital gaming), the global market was valued at USD 261.1 billion in 2025 and is estimated to reach USD 539.0 billion by 2034, exhibiting a CAGR of 8.22% during 2026-2034. Another estimate places the global gaming market at USD 298.09 billion in 2024, projected to reach USD 505.17 billion by 2030, growing at a CAGR of 8.7% from 2025 to 2030. The North America gaming market generated approximately USD 68.51 billion in revenue in 2024 and is expected to grow to approximately USD 108.41 billion by 2030, with a CAGR of 7.5% from 2025 to 2030. The European gaming market was valued at USD 91.61 billion in 2025 and is projected to reach USD 178.29 billion by 2034, growing at a CAGR of 7.7% from 2026-2034. The Asia-Pacific gaming market is a dominant force globally, holding over 49.5% of the market share in 2025 and is projected to lead in revenue by 2030, reaching approximately USD 282.03 billion. For **Digital Gaming**, which is a significant component of the overall gaming market, the global market was valued at US$261.8 billion in 2024 and is projected to reach US$371.5 billion by 2030, growing at a CAGR of 6% from 2024 to 2030. A more expansive view projects the global digital gaming market to be worth approximately USD 344.6 billion in 2025, reaching approximately USD 1.32 trillion by 2034 at a 16.05% CAGR. The U.S. digital gaming market alone was valued at $72.6 billion in 2024. The **Sports Betting** market globally was estimated at USD 100.91 billion in 2024 and is projected to reach USD 187.39 billion by 2030, growing at a CAGR of 11% from 2025 to 2030. Europe held the largest revenue share in the global sports betting market in 2024, accounting for around 48% and approximately 41.3% in 2025. The European sports betting market was valued at USD 49.36 billion in 2024 and is expected to grow at a CAGR of 10.6% from 2025 to 2030, reaching approximately USD 89.76 billion by 2030. The Asia-Pacific sports betting market generated approximately USD 20.58 billion in revenue in 2024 and is expected to grow at a CAGR of 12.3% from 2025 to 2030, reaching approximately USD 41.00 billion by 2030. Another source indicates the Asia-Pacific sports betting market was valued at USD 68.33 billion in 2024 and is likely to grow at a CAGR of 13.65% from 2024 to 2032.AI Analysis | Feedback
Brightstar Lottery (symbol: BRSL) is expected to drive future revenue growth over the next 2-3 years through several key strategies, primarily focusing on its core lottery business as a pure-play global lottery company.
- Expansion of iLottery and Digital Solutions: Brightstar Lottery is experiencing strong growth in its iLottery business, with global iLottery wagers increasing significantly. The company is focused on expanding its digital offerings and solutions across various markets, indicating a strategic push towards digital transformation.
- Securing and Renewing Long-Term Contracts: A significant driver of stable and growing revenue for Brightstar Lottery is its ability to win new long-term contracts and extend existing ones with lottery authorities worldwide. Recent examples include securing the Italy Lotto license through 2034, multi-year instant ticket printing contracts, and agreements for new central gaming systems in various regions.
- Product Innovation and Game Content Development: Continuous investment in innovative game content and portfolio optimization strategies is crucial for driving sales of instant tickets and draw games globally. The company is actively developing and expanding new game offerings, such as its patented Cash Pop™ draw-based game and licensed omnichannel lottery games.
- Omnichannel Strategy and System Modernization: Brightstar Lottery is focusing on providing integrated retail-to-digital gaming solutions, including upgrading legacy systems to omnichannel stacks. This approach aims to enhance player experience and broaden the reach of its lottery content across both land-based and digital channels, as seen in ventures like the one in São Paulo State, Brazil.
- Strategic Focus as a Pure-Play Lottery Company: Following the divestiture of its Gaming & Digital business, Brightstar Lottery (operating as International Game Technology PLC's lottery segment) has sharpened its strategic focus on being a pure-play lottery technology leader. This allows for dedicated capital allocation and operational efficiency towards the resilient, annuity-like lottery business, supporting the growth of its core operations.
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| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Brightstar Lottery Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.68 |
| Mkt Cap | 1.6 |
| Rev LTM | 1,920 |
| Op Inc LTM | 72 |
| FCF LTM | 53 |
| FCF 3Y Avg | 53 |
| CFO LTM | 151 |
| CFO 3Y Avg | 135 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 7.0% |
| Rev Chg Q | 5.0% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Mgn LTM | 10.2% |
| Op Mgn 3Y Avg | 9.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 11.3% |
| CFO/Rev 3Y Avg | 10.8% |
| FCF/Rev LTM | 3.9% |
| FCF/Rev 3Y Avg | 3.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.6 |
| P/S | 0.8 |
| P/EBIT | 7.0 |
| P/E | 16.9 |
| P/CFO | 6.0 |
| Total Yield | 2.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.1% |
| D/E | 1.2 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.2% |
| 3M Rtn | -24.1% |
| 6M Rtn | -25.4% |
| 12M Rtn | -12.2% |
| 3Y Rtn | -11.9% |
| 1M Excs Rtn | -1.5% |
| 3M Excs Rtn | -15.1% |
| 6M Excs Rtn | -21.6% |
| 12M Excs Rtn | -27.1% |
| 3Y Excs Rtn | -68.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating and facilities management contracts | 2,506 | 2,494 | |||
| Product sales | 149 | 171 | |||
| Systems, software, and other | 55 | 54 | |||
| Upfront license fee amortization | -198 | -189 | |||
| Corporate and Other | 0 | ||||
| Global Gaming | 1,423 | 1,112 | 837 | ||
| Global Lottery | 2,593 | 2,812 | 2,164 | ||
| PlayDigital | 209 | 165 | 115 | ||
| Total | 2,512 | 2,530 | 4,225 | 4,089 | 3,116 |
Price Behavior
| Market Price | $12.61 | |
| Market Cap ($ Bil) | 2.4 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -29.0% | |
| 50 Days | 200 Days | |
| DMA Price | $13.41 | $14.72 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -6.0% | -14.4% |
| 3M | 1YR | |
| Volatility | 27.1% | 32.2% |
| Downside Capture | 0.81 | 0.58 |
| Upside Capture | 51.08 | 66.79 |
| Correlation (SPY) | 48.1% | 55.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.50 | 1.30 | 1.17 | 0.99 | 0.92 | 1.13 |
| Up Beta | 0.93 | 0.99 | 1.33 | 1.37 | 1.05 | 1.09 |
| Down Beta | 3.65 | 1.74 | 1.68 | 1.11 | 0.93 | 0.98 |
| Up Capture | 93% | 60% | 40% | 42% | 56% | 103% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 18 | 27 | 54 | 121 | 376 |
| Down Capture | 113% | 172% | 134% | 115% | 91% | 108% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 12 | 23 | 32 | 68 | 127 | 366 |
[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 BRSL | |
|---|---|---|---|---|
| BRSL | -5.7% | 32.2% | -0.15 | - |
| Sector ETF (XLY) | 4.6% | 23.6% | 0.13 | 57.0% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 55.5% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -6.0% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 13.6% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 52.1% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 19.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRSL | |
|---|---|---|---|---|
| BRSL | -0.2% | 44.8% | 0.14 | - |
| Sector ETF (XLY) | 5.6% | 23.7% | 0.20 | 52.7% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 52.6% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 5.2% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 14.3% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 41.3% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 20.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRSL | |
|---|---|---|---|---|
| BRSL | 2.2% | 52.2% | 0.25 | - |
| Sector ETF (XLY) | 11.6% | 21.9% | 0.49 | 51.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 51.4% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 1.8% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 23.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 43.2% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 13.3% |
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 |
|---|---|---|
| 12/31/2025 | 02/24/2026 | 20-F |
| 09/30/2025 | 11/04/2025 | 6-K |
| 06/30/2025 | 07/29/2025 | 6-K |
| 03/31/2025 | 05/13/2025 | 6-K |
| 12/31/2024 | 02/25/2025 | 20-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 07/30/2024 | 6-K |
| 03/31/2024 | 05/14/2024 | 6-K |
| 12/31/2023 | 03/12/2024 | 20-F |
| 09/30/2023 | 10/31/2023 | 6-K |
| 06/30/2023 | 08/01/2023 | 6-K |
| 03/31/2023 | 05/09/2023 | 6-K |
| 12/31/2022 | 02/28/2023 | 20-F |
| 09/30/2022 | 11/08/2022 | 6-K |
| 06/30/2022 | 08/02/2022 | 6-K |
| 03/31/2022 | 05/10/2022 | 6-K |
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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