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): $0.99Market Cap: $0.5 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. | Weak multi-year price returns2Y Excs Rtn is -135%, 3Y Excs Rtn is -181% | Penny stockMkt Price is 1.0 Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil Debt is significantNet 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 negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7045% High stock price volatilityVol 12M is 175% Significant short interestShort 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 risksCDT key risks include [1] substantial doubt about its ability to continue as a going concern without securing additional financing, Show more. |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital. |
| Weak multi-year price returns2Y Excs Rtn is -135%, 3Y Excs Rtn is -181% |
| Penny stockMkt Price is 1.0 |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -35 Mil |
| Debt is significantNet 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 negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7045% |
| High stock price volatilityVol 12M is 175% |
| Significant short interestShort 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 risksCDT key risks include [1] substantial doubt about its ability to continue as a going concern without securing additional financing, Show more. |
Qualitative Assessment
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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.
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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 $1.51 million, coupled with extremely poor liquidity ratios, including a current ratio of 0.3 and a quick ratio of 0.1.
3. Significant Share Dilution.
CDT Equity experienced substantial share dilution through various issuances. Notably, a strategic transaction involving pre-funded warrants allowed for the purchase of up to 12,131,770 common shares to increase the company's stake in Sarborg. This, combined with other recent share issuances and warrant exercises, led to 13,693,866 shares outstanding by August 31, 2026, significantly increasing the total share count and severely diluting the value of existing shareholder equity.
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Stock Movement Drivers
Fundamental Drivers
The -99.3% change in CDT stock from 6/30/2026 to 10/4/2026 was primarily driven by a -99.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 140.00 | 0.99 | -99.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 1 | -99.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| 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) | 3312026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 1275.00 | 0.99 | -99.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 1 | -99.6% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| 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) | 9302025 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 34000.00 | 0.99 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 1 | -100.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
9/30/2025 to 10/4/2026| Return | Correlation | |
|---|---|---|
| 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) | 9302023 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 447750016.00 | 0.99 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| P/S Multiple | � | ∞ | 0.0% |
| Shares Outstanding (Mil) | 0 | 1 | -100.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
9/30/2023 to 10/4/2026| Return | Correlation | |
|---|---|---|
| CDT | -100.0% | |
| Market (SPY) | 86.2% | 3.4% |
| Sector (XLV) | 35.2% | 2.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CDT Return | - | 3% | -56% | -98% | -100% | -100% | -100% |
| Peers Return | -15% | 5% | -7% | -12% | 32% | -10% | -14% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| CDT Win Rate | - | 70% | 58% | 25% | 0% | 0% | |
| Peers Win Rate | 56% | 50% | 44% | 40% | 55% | 51% | |
| S&P 500 Win Rate | 75% | 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.
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- 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.
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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.
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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.
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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.
- 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.
- 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.
- 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.
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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:
- 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.
- 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.
- 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.
- 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.
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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| Industry | Names | 1Y med | 3Y med | 5Y 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% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Day 7 of Loss Streak for CDT Equity Stock with -55% Return (vs. -99% YTD) [9/11/2025] | 09/12/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 3.91 |
| Mkt Cap | 0.4 |
| Rev LTM | 2 |
| Op Inc LTM | -29 |
| FCF LTM | -18 |
| FCF 3Y Avg | -22 |
| CFO LTM | -17 |
| CFO 3Y Avg | -21 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.3% |
| Rev Chg 3Y Avg | 9.8% |
| Rev Chg Q | 13.7% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Inc Chg LTM | 16.3% |
| Op Inc Chg 3Y Avg | 17.9% |
| Op Mgn LTM | 26.9% |
| Op Mgn 3Y Avg | 29.9% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 30.1% |
| CFO/Rev 3Y Avg | 32.1% |
| FCF/Rev LTM | 23.0% |
| FCF/Rev 3Y Avg | 26.6% |
Segment Financials
Revenue by Segment| $ Mil | 2022 | 2021 |
|---|---|---|
| Research and development of clinical assets | 0 | 0 |
| Total | 0 | 0 |
| $ Mil | 2025 | 2024 | 2023 | 2021 |
|---|---|---|---|---|
| Research and development of clinical assets | -37 | -15 | -5 | -3 |
| Total | -37 | -15 | -5 | -3 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Research and development of clinical assets | -39 | -18 |
| Total | -39 | -18 |
| $ Mil | 2023 | 2022 | 2021 |
|---|---|---|---|
| Research and development of clinical assets | 7 | 0 | 0 |
| Total | 7 | 0 | 0 |
Price Behavior
| Market Price | $0.99 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 11/01/2023 | |
| Distance from 52W High | -100.0% | |
| 50 Days | 200 Days | |
| DMA Price | $40.97 | $2,484.82 |
| DMA Trend | down | down |
| Distance from DMA | -97.6% | -100.0% |
| 3M | 1YR | |
| Volatility | 173.5% | 174.1% |
| Downside Capture | 1632.94 | 907.00 |
| Upside Capture | -1054.50 | -436.57 |
| Correlation (SPY) | 10.2% | 15.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -4.72 | 0.70 | 1.84 | 3.78 | 2.22 | 0.42 |
| Up Beta | 28.52 | 4.80 | 3.71 | 7.73 | 1.81 | 1.53 |
| Down Beta | 1.71 | -0.53 | 2.09 | 3.75 | 2.25 | -0.51 |
| Up Capture | -1394% | -638% | -414% | -157% | -71% | -7% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 0 | 6 | 14 | 31 | 78 | 271 |
| Down Capture | 1357% | 964% | 627% | 374% | 196% | 113% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 22 | 36 | 50 | 93 | 170 | 464 |
[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% | 0.82 | 6.7% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 15.8% |
| Gold (GLD) | 6.8% | 29.6% | 0.22 | 6.4% |
| Commodities (DBC) | 44.9% | 20.8% | 1.67 | -2.8% |
| Real Estate (VNQ) | 1.5% | 13.6% | -0.15 | 5.9% |
| Bitcoin (BTCUSD) | -28.9% | 44.3% | -0.64 | 12.8% |
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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% | 0.23 | 1.9% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 2.1% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 3.9% |
| Commodities (DBC) | 10.3% | 19.6% | 0.41 | 1.1% |
| Real Estate (VNQ) | 0.7% | 18.8% | -0.07 | 2.3% |
| Bitcoin (BTCUSD) | 14.6% | 52.2% | 0.45 | 5.4% |
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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% | 0.50 | 1.9% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 2.1% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | 3.9% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 1.1% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 2.3% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | 5.4% |
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Earnings Returns History
Updated 6/3/2026| 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 | |||
| 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 |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 07/15/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/28/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 11/14/2024 | 10-Q/A |
| 03/31/2023 | 07/28/2023 | S-4/A |
| 09/30/2022 | 11/21/2023 | 10-Q/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 07/15/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/28/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 11/14/2024 | 10-Q/A |
| 03/31/2023 | 07/28/2023 | S-4/A |
| 09/30/2022 | 11/21/2023 | 10-Q/A |
Industry Resources
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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