CDT Equity (CDT)


Market Price (10/5/2026): $0.99 | Market Cap: $0.5 MilSector: Health Care | Industry: Biotechnology

CDT Equity (CDT)


Market Price (10/5/2026): $0.99
Market Cap: $0.5 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.

Weak multi-year price returns
2Y Excs Rtn is -135%, 3Y Excs Rtn is -181%

Penny stock
Mkt Price is 1.0

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -35 Mil

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7045%

High stock price volatility
Vol 12M is 175%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 45%

Key risks
CDT key risks include [1] substantial doubt about its ability to continue as a going concern without securing additional financing, Show more.

0 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.
1 Weak multi-year price returns
2Y Excs Rtn is -135%, 3Y Excs Rtn is -181%
2 Penny stock
Mkt Price is 1.0
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -35 Mil
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7045%
7 High stock price volatility
Vol 12M is 175%
8 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 45%
9 Key risks
CDT key risks include [1] substantial doubt about its ability to continue as a going concern without securing additional financing, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

CDT Equity (CDT) stock has lost about 100% since 6/30/2026 because of the following key factors:

1. Multiple Reverse Stock Splits to Maintain Nasdaq Compliance.

CDT Equity implemented two reverse stock splits within the specified period to maintain its Nasdaq listing by boosting its share price. A 1-for-10 reverse stock split became effective on July 20, 2026, followed by a 1-for-25 reverse stock split on September 28, 2026, enacted to comply with Nasdaq's minimum bid-price rule. These actions signal a persistent struggle with a severely depressed stock price and a profound loss of investor confidence.

2. Deteriorating Financial Health and High Cash Burn.

The company demonstrated significant financial distress with a high cash burn rate. For the fiscal quarter ending June 30, 2026 (Q2 2026), CDT Equity reported negative equity of approximately $7.17 million, operating cash flow of roughly -$4.7 million, and a net loss of approximately $21.3 million. Additionally, cash reserves were critically low at about $1.51 million, coupled with extremely poor liquidity ratios, including a current ratio of 0.3 and a quick ratio of 0.1.

Show more
Updated on 10/1/2026

CDT Equity (CDT) stock has lost about 100% since 6/30/2026 because of the following key factors:

1. Multiple Reverse Stock Splits to Maintain Nasdaq Compliance.

CDT Equity implemented two reverse stock splits within the specified period to maintain its Nasdaq listing by boosting its share price. A 1-for-10 reverse stock split became effective on July 20, 2026, followed by a 1-for-25 reverse stock split on September 28, 2026, enacted to comply with Nasdaq's minimum bid-price rule. These actions signal a persistent struggle with a severely depressed stock price and a profound loss of investor confidence.

2. Deteriorating Financial Health and High Cash Burn.

The company demonstrated significant financial distress with a high cash burn rate. For the fiscal quarter ending June 30, 2026 (Q2 2026), CDT Equity reported negative equity of approximately $7.17 million, operating cash flow of roughly -$4.7 million, and a net loss of approximately $21.3 million. Additionally, cash reserves were critically low at about $1.51 million, coupled with extremely poor liquidity ratios, including a current ratio of 0.3 and a quick ratio of 0.1.

3. Significant Share Dilution.

CDT Equity experienced substantial share dilution through various issuances. Notably, a strategic transaction involving pre-funded warrants allowed for the purchase of up to 12,131,770 common shares to increase the company's stake in Sarborg. This, combined with other recent share issuances and warrant exercises, led to 13,693,866 shares outstanding by August 31, 2026, significantly increasing the total share count and severely diluting the value of existing shareholder equity.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -99.3% change in CDT stock from 6/30/2026 to 10/4/2026 was primarily driven by a -99.9% change in the company's Shares Outstanding (Mil).
(LTM values as of)630202610042026Change
Stock Price ($)140.000.99-99.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)01-99.9%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/4/2026
ReturnCorrelation
CDT-99.3% 
Market (SPY)3.1%9.5%
Sector (XLV)4.7%6.3%

Fundamental Drivers

The -99.9% change in CDT stock from 3/31/2026 to 10/4/2026 was primarily driven by a -99.6% change in the company's Shares Outstanding (Mil).
(LTM values as of)331202610042026Change
Stock Price ($)1275.000.99-99.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)01-99.6%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/4/2026
ReturnCorrelation
CDT-99.9% 
Market (SPY)18.6%22.3%
Sector (XLV)13.8%6.9%

Fundamental Drivers

The -100.0% change in CDT stock from 9/30/2025 to 10/4/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510042026Change
Stock Price ($)34000.000.99-100.0%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)01-100.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/4/2026
ReturnCorrelation
CDT-100.0% 
Market (SPY)16.5%15.9%
Sector (XLV)20.9%7.2%

Fundamental Drivers

The -100.0% change in CDT stock from 9/30/2023 to 10/4/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202310042026Change
Stock Price ($)447750016.000.99-100.0%
Change Contribution By: 
Total Revenues ($ Mil)�00.0%
P/S Multiple�∞0.0%
Shares Outstanding (Mil)01-100.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/4/2026
ReturnCorrelation
CDT-100.0% 
Market (SPY)86.2%3.4%
Sector (XLV)35.2%2.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CDT Return-3%-56%-98%-100%-100%-100%
Peers Return-15%5%-7%-12%32%-10%-14%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
CDT Win Rate-70%58%25%0%0% 
Peers Win Rate56%50%44%40%55%51% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
CDT Max Drawdown---94%-99%-100%-100% 
Peers Max Drawdown-50%-45%-48%-40%-52%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: KYTX, ALLO, ALDX, REGN, EXEL.
[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 10/2/2026 (YTD)

About CDT Equity (CDT)

CDT Equity (symbol: CDT), formally known as Murphy Canyon Acquisition Corp., is a Special Purpose Acquisition Company (SPAC) that does not currently conduct significant business operations or offer traditional products and services. Instead, its core purpose is to identify and execute a business combination, such as a merger, asset acquisition, or stock purchase, with an existing private operating company. The ultimate goal is to bring that private entity public through the SPAC vehicle.

The company is specifically focused on identifying target businesses within the broad real estate industry. This includes a diverse range of sectors such as construction, homebuilding, real estate owners and operators, and firms involved in arranging financing, insurance, or other services for real estate. Additionally, CDT Equity will consider acquiring companies that offer adjacent businesses and technologies targeting the real estate space.

For investors, CDT Equity offers an opportunity to invest in a company that will eventually become an operating entity within the real estate sector, following a successful business combination. Its value prior to an acquisition is primarily linked to its ability to identify and complete a suitable merger or acquisition target within its defined real estate industry focus.

AI Analysis | Feedback

null

AI Analysis | Feedback

  • Business Combination Facilitation: The company's primary activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, or reorganization with one or more target businesses.
  • Target Business Identification: Identifying potential acquisition targets, with a specific focus on businesses within the real estate industry and related technologies.

AI Analysis | Feedback

CDT Equity (Murphy Canyon Acquisition Corp.) is a Special Purpose Acquisition Company (SPAC) that does not have significant operations or traditional customers. Its primary business model involves identifying and merging with an existing private operating company. Therefore, it does not sell products or services to other companies or individuals.

AI Analysis | Feedback

null

AI Analysis | Feedback

Murphy Canyon Acquisition Corp., initially a blank check company established to facilitate a business combination in the real estate sector, completed a merger in September 2023 with Conduit Pharmaceuticals Limited. The combined entity now operates as Conduit Pharmaceuticals Inc. and trades under the symbol CDT.

Dr. Andrew Regan Chief Executive Officer

Dr. Regan is a British-born polar explorer and entrepreneur based in Saint Barths. He is the founder and Chief Executive Officer of Corvus Capital. Dr. Regan previously sold Hobson Plc in 1996 for £154 million through a recommended cash takeover. He was also a founding shareholder in companies such as ASOS and Imperial Energy.

James Bligh Chief Financial Officer

Mr. Bligh co-founded Conduit Pharmaceuticals Limited in 2019.

Dr. Joanne Holland Chief Scientific Officer

Dr. Holland brings over 20 years of experience to her role as CSO at Conduit, with expertise spanning the entire development spectrum.

Dr. Freda Lewis-Hall Chair of the Board of Directors

In her 35-year career in medicine, Dr. Lewis-Hall served as Pfizer, Inc.'s Chief Medical Officer and Executive Vice President until 2018, and as Chief Patient Officer and Executive Vice President in 2019. She held senior leadership positions in medical affairs and product development with Vertex, Bristol-Myers Squibb, Pharmacia, and Eli Lilly and Company. Dr. Lewis-Hall also served on the board of directors of SpringWorks Therapeutics.

Chele Chiavacci Farley Chair of Audit Committee

Ms. Farley has been a Partner and Managing Director of Mistral Capital International, a private equity firm, since 1995. In this role, she originates, evaluates, and executes equity investment opportunities, creates and implements deal and financial structures, negotiates credit facilities with banks, and oversees management. She also serves as President and a board member of Palmilla San Jose Inmobiliaria. Prior to Mistral, Ms. Farley was Vice President of Tricap International from 1994 to 1995.

AI Analysis | Feedback

The key risks to CDT Equity (symbol: CDT) are primarily associated with its operations as a clinical-stage biopharmaceutical development company, a significant shift from its initial purpose as a Special Purpose Acquisition Company (SPAC) focused on real estate. The company, formerly Murphy Canyon Acquisition Corp. and then Conduit Pharmaceuticals Inc., is now a data-driven biopharmaceutical firm developing high-potential therapeutic assets.

  1. Clinical Development and Regulatory Approval Risk: CDT Equity's business model relies on identifying, enhancing, and advancing therapeutic assets for various conditions, including autoimmune disorders and idiopathic male infertility. As of December 31, 2023, its clinical assets are still in development and have not received approval from the FDA or any other regulatory body. The company has not yet demonstrated its ability to generate revenue, and there is no guarantee it will ever achieve profitability through its drug development efforts. Even if successful in building its pipeline, the identified assets may not be suitable for clinical development or find suitable licensing partners for further progression and commercialization.
  2. Financial Health and Profitability Challenges: The company currently reports zero revenue growth and a significantly negative Earnings Per Share (EPS) of -307.66, indicating substantial hurdles in achieving profitability. Financial analyses highlight concerns, including a low Piotroski F-Score, suggesting poor business operations, and a Sloan Ratio pointing to a poor quality of earnings. The company's very low market capitalization (approximately $2.45 million to $3.3 million as of early March 2026) and substantial stock price decline (down 99% over the past year) underscore investor skepticism about its financial viability and future prospects.
  3. High Stock Volatility and Shareholder Dilution: CDT Equity has experienced extreme stock price volatility, with its shares considered "very high risk." Additionally, shareholders have faced substantial dilution over the past year, reflecting the financial instability and capital-raising activities often associated with early-stage biopharmaceutical companies.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for CDT Equity (CDT) over the Next 2-3 Years

CDT Equity Inc., which operates as Conduit Pharmaceuticals Inc. following its business combination with Murphy Canyon Acquisition Corp. in September 2023, is a clinical-stage specialty biopharmaceutical company focused on developing and advancing high-potential therapeutic assets. The company's revenue growth over the next 2-3 years is expected to be driven by the following factors:

  1. Successful Advancement and Out-licensing of Therapeutic Assets: Conduit Pharmaceuticals' primary business model involves identifying and developing clinical-stage assets, such as AZD1656 and AZD5904, through Phase II trials. Future revenue is anticipated from upfront payments, milestone achievements, and potential royalties generated from licensing these developed assets to larger pharmaceutical companies.
  2. Expansion through AI-Driven Drug Discovery via Sarborg Acquisition: A significant driver of future growth is the strategic acquisition of a 20% stake in Sarborg Limited, an "agentic AI signature intelligence business," in February 2026. This acquisition is expected to provide "transformational growth" by integrating scalable AI capabilities across pharmaceuticals, bacteria, and agrochemicals, enhancing the identification and development of new therapeutic assets for its pipeline.
  3. New Strategic Partnerships and Collaborations: The company's disease-agnostic approach and efficient model for compound development position it for further strategic partnerships. New collaborations with major pharmaceutical companies or other entities could lead to additional funding, shared development costs, and milestone payments, thereby expanding its revenue streams.
  4. Monetization of Sarborg's AI Capabilities: Beyond direct pharmaceutical development, the investment in Sarborg could unlock additional revenue opportunities through licensing its AI signature intelligence to other industries or offering AI-driven services, particularly in the broader life science, bacteria, and agrochemical sectors where Sarborg operates.

AI Analysis | Feedback

Share Repurchases

  • Conduit Pharmaceuticals, which later became CDT Equity Inc., authorized a share repurchase program of up to $1,000,000 in April 2025.

Share Issuance

  • Murphy Canyon Acquisition Corp. completed its Initial Public Offering (IPO) in February 2022, raising $132.25 million through the issuance of 13,225,000 units, each consisting of common stock and warrants.
  • Prior to its business combination in September 2023, Murphy Canyon Acquisition Corp. closed a $20 million Private Investment in Public Equity (PIPE).
  • In January 2025, Conduit Pharmaceuticals, which later became CDT Equity, implemented a 1-for-100 reverse stock split to meet Nasdaq's minimum bid price requirement.

Inbound Investments

  • Murphy Canyon Acquisition Corp. raised $132.25 million through its Initial Public Offering (IPO) in February 2022.
  • A $20 million Private Investment in Public Equity (PIPE) from a single institutional investor was completed in September 2023, immediately before Murphy Canyon Acquisition Corp.'s merger with Conduit Pharmaceuticals.
  • Murphy Canyon Acquisition Sponsor, LLC, the SPAC's sponsor, purchased 754,000 placement units for $7,540,000 in connection with the IPO.

Outbound Investments

  • Murphy Canyon Acquisition Corp. completed its business combination (reverse merger) with Conduit Pharmaceuticals Limited on September 22, 2023. This transaction resulted in Conduit Pharmaceuticals becoming the publicly traded entity, later renamed CDT Equity Inc.
  • In February 2026, CDT Equity acquired a strategic stake in Sarborg Limited. This involved an exchange of CDT Equity common stock and pre-funded warrants, and a commitment to pay $8 million in cash, deferred until the company secures at least $20 million through a specific financing program.

Capital Expenditures

  • No significant capital expenditures were explicitly reported for Murphy Canyon Acquisition Corp. as a Special Purpose Acquisition Company (SPAC), nor for Conduit Pharmaceuticals/CDT Equity Inc. as a biopharmaceutical development company, within the 3-5 year period.

Peer Outperformance in Biotechnology

null
Share of Biotechnology constituents that CDT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
0%
of 453 industry peers · -100.0% return
3Y
0%
of 401 industry peers · -100.0% return
5Y
—
insufficient peer history
null
Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is CDT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 12.8%43.2%91.3% CAH 414% · MCK 366% · COR 175%
Health Care Services 20 18.8%36.3%9.1% HIMS 295% · RDNT 144% · DGX 81%
Managed Health Care 8 25.4%-8.6%4.2% OSCR 92% · HQY 38% · ELV 11%
Health Care Facilities 24 -2.1%5.0%-3.6% THC 291% · NHC 272% · ENSG 131%
Health Care Equipment 50 -8.9%-0.2%-16.2% POCI 11050% · UFPT 374% · GKOS 253%
Pharmaceuticals 62 -7.4%-2.8%-30.9% INDV 1117% · ETON 1046% · LQDA 953%
Health Care Supplies 12 21.5%-4.9%-37.5% LNTH 296% · HAE 52% · MMSI 19%
Life Sciences Tools & Services 109 -5.7%-11.3%-66.7% SNWV 1867% · NTRA 269% · MEDP 210%
Health Care Technology 21 -35.8%-55.3%-79.1% SPOK 79% · HSTM 10% · VEEV -2%
Biotechnology ← 362 -18.3%-24.6%-79.3% CELZ 1252% · ELVN 1139% · DNTH 1108%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CDTKYTXALLOALDXREGNEXELMedian
NameCDT Equi.Kyverna .Allogene.Aldeyra .Regenero.Exelixis  
Mkt Price0.996.311.511.19735.6458.403.91
Mkt Cap0.00.40.50.175.614.60.4
Rev LTM005015,5352,4362
Op Inc LTM-35-159-180-244,174992-29
FCF LTM-13-160-103-223,5751,158-18
FCF 3Y Avg-12-128-168-313,439682-22
CFO LTM-11-159-102-224,6811,183-17
CFO 3Y Avg-11-127-168-314,498757-21

Growth & Margins

CDTKYTXALLOALDXREGNEXELMedian
NameCDT Equi.Kyverna .Allogene.Aldeyra .Regenero.Exelixis  
Rev Chg LTM----9.3%9.2%9.3%
Rev Chg 3Y Avg----7.0%12.5%9.8%
Rev Chg Q----16.7%10.6%13.7%
QoQ Delta Rev Chg LTM----4.1%2.5%3.3%
Op Inc Chg LTM-97.7%7.4%25.2%54.9%6.1%32.0%16.3%
Op Inc Chg 3Y Avg-90.9%-20.2%17.9%-1.7%101.3%17.9%
Op Mgn LTM---3,886.1%-26.9%40.7%26.9%
Op Mgn 3Y Avg----28.2%31.5%29.9%
QoQ Delta Op Mgn LTM----1.1%0.4%0.8%
CFO/Rev LTM---2,202.5%-30.1%48.6%30.1%
CFO/Rev 3Y Avg----31.2%33.0%32.1%
FCF/Rev LTM---2,211.2%-23.0%47.5%23.0%
FCF/Rev 3Y Avg----23.9%29.4%26.6%

Valuation

CDTKYTXALLOALDXREGNEXELMedian
NameCDT Equi.Kyverna .Allogene.Aldeyra .Regenero.Exelixis  
Mkt Cap0.00.40.50.175.614.60.4
P/S--107.0-4.96.06.0
P/Op Inc-0.0-2.4-2.8-3.018.114.8-1.2
P/EBIT-0.0-2.5-3.0-3.314.514.8-1.3
P/E-0.0-2.5-3.0-3.117.517.0-1.3
P/CFO-0.0-2.4-4.9-3.316.212.4-1.2
Total Yield-7,039.8%-40.3%-33.5%-32.7%6.2%5.9%-33.1%
Dividend Yield0.0%0.0%0.0%0.0%0.5%0.0%0.0%
FCF Yield 3Y Avg-920.6%-53.9%-42.2%-17.5%4.9%5.7%-29.8%
D/E2.20.10.10.00.00.00.1
Net D/E0.8-0.4-0.5-0.6-0.1-0.0-0.3

Returns

CDTKYTXALLOALDXREGNEXELMedian
NameCDT Equi.Kyverna .Allogene.Aldeyra .Regenero.Exelixis  
1M Rtn-93.7%-23.5%-23.4%-19.6%-11.1%-1.0%-21.5%
3M Rtn-99.2%-29.0%-27.4%-47.6%12.6%4.6%-28.2%
6M Rtn-99.9%-28.9%-39.1%-28.3%-3.2%33.1%-28.6%
12M Rtn-100.0%14.3%13.5%-79.3%23.2%45.7%13.9%
3Y Rtn-100.0%-79.0%-52.1%-79.6%-10.7%163.8%-65.5%
1M Excs Rtn-96.4%-27.5%-24.5%-20.9%-14.4%-1.0%-22.7%
3M Excs Rtn-101.6%-33.6%-30.2%-50.3%10.9%2.7%-31.9%
6M Excs Rtn-117.2%-46.4%-56.5%-45.9%-20.5%15.8%-46.2%
12M Excs Rtn-115.1%-9.6%6.6%-92.6%8.2%26.7%-1.5%
3Y Excs Rtn-180.7%-160.8%-136.7%-162.6%-91.5%82.5%-148.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20222021
Research and development of clinical assets00
Total00


Operating Income by Segment
$ Mil2025202420232021
Research and development of clinical assets-37-15-5-3
Total-37-15-5-3


Net Income by Segment
$ Mil20252024
Research and development of clinical assets-39-18
Total-39-18


Assets by Segment
$ Mil202320222021
Research and development of clinical assets700
Total700


Price Behavior

Price Behavior
Market Price$0.99 
Market Cap ($ Bil)0.0 
First Trading Date11/01/2023 
Distance from 52W High-100.0% 
   50 Days200 Days
DMA Price$40.97$2,484.82
DMA Trenddowndown
Distance from DMA-97.6%-100.0%
 3M1YR
Volatility173.5%174.1%
Downside Capture1632.94907.00
Upside Capture-1054.50-436.57
Correlation (SPY)10.2%15.5%
CDT Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta-4.720.701.843.782.220.42
Up Beta28.524.803.717.731.811.53
Down Beta1.71-0.532.093.752.25-0.51
Up Capture-1394%-638%-414%-157%-71%-7%
Bmk +ve Days6162766132424
Stock +ve Days06143178271
Down Capture1357%964%627%374%196%113%
Bmk -ve Days16263760120328
Stock -ve Days22365093170464

[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 CDT
CDT-100.0%175.1%-4.94-
Sector ETF (XLV)17.4%15.7%0.826.7%
Equity (SPY)16.2%13.0%0.8815.8%
Gold (GLD)6.8%29.6%0.226.4%
Commodities (DBC)44.9%20.8%1.67-2.8%
Real Estate (VNQ)1.5%13.6%-0.155.9%
Bitcoin (BTCUSD)-28.9%44.3%-0.6412.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CDT
CDT-98.3%153.6%-2.21-
Sector ETF (XLV)6.4%15.2%0.231.9%
Equity (SPY)13.1%17.2%0.582.1%
Gold (GLD)18.4%18.9%0.793.9%
Commodities (DBC)10.3%19.6%0.411.1%
Real Estate (VNQ)0.7%18.8%-0.072.3%
Bitcoin (BTCUSD)14.6%52.2%0.455.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CDT
CDT-87.1%153.6%-2.21-
Sector ETF (XLV)10.4%16.7%0.501.9%
Equity (SPY)15.3%17.9%0.722.1%
Gold (GLD)11.5%16.4%0.573.9%
Commodities (DBC)8.2%18.1%0.371.1%
Real Estate (VNQ)4.2%20.7%0.162.3%
Bitcoin (BTCUSD)64.1%66.2%1.045.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 8312026467.9%
Average Daily Volume6.9 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity0.5 Mil
Short % of Basic Shares45.0%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202607/15/202610-Q
12/31/202504/15/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/28/202510-K
09/30/202411/14/202410-Q
06/30/202408/12/202410-Q
03/31/202405/14/202410-Q
12/31/202304/16/202410-K
09/30/202311/20/202310-Q
06/30/202311/14/202410-Q/A
03/31/202307/28/2023S-4/A
09/30/202211/21/202310-Q/A
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202607/15/202610-Q
12/31/202504/15/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/28/202510-K
09/30/202411/14/202410-Q
06/30/202408/12/202410-Q
03/31/202405/14/202410-Q
12/31/202304/16/202410-K
09/30/202311/20/202310-Q
06/30/202311/14/202410-Q/A
03/31/202307/28/2023S-4/A
09/30/202211/21/202310-Q/A
Core Cache Last Updated: 10/4/2026