Churchill Downs (CHDN)
Market Price (2/4/2026): $94.17 | Market Cap: $6.6 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Churchill Downs (CHDN)
Market Price (2/4/2026): $94.17Market Cap: $6.6 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 6.1% | Weak multi-year price returns2Y Excs Rtn is -63%, 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 75% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% | Key risksCHDN key risks include [1] a substantial debt burden delaying major capital projects, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28% | ||
| Low stock price volatilityVol 12M is 32% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Markets & Betting. Themes include Experiential Retail, Travel & Leisure Tech, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Markets & Betting. Themes include Experiential Retail, Travel & Leisure Tech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -63%, 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 75% |
| Key risksCHDN key risks include [1] a substantial debt burden delaying major capital projects, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Anticipation of Q4 2025 Earnings Report. Churchill Downs is expected to release its Fourth Quarter and Full Year 2025 financial results on February 25, 2026, after market close, with a conference call scheduled for February 26, 2026. This upcoming earnings report often leads to a period of limited stock movement as investors await concrete financial data to inform their decisions. The consensus EPS forecast for the quarter is $0.84, which is a decrease from $0.92 in the same quarter last year, potentially causing some investor caution, while a beat on Q3 2025 earnings might provide a counterbalance.
2. Consistent "Buy" Consensus Rating and Price Targets. As of February 1, 2026, analysts maintained a "Buy" consensus rating for Churchill Downs, with a significant majority recommending either a "Strong Buy" or "Buy". The average twelve-month price target stands at $135.36, suggesting a forecasted upside of 37.62% from current levels. One analyst also maintained a "Market Outperform" rating and increased the price target from $142 to $146 on January 14, 2026, further supporting a stable to positive outlook for the stock. This generally positive analyst sentiment likely provided underlying support, preventing any significant downward pressure during the period.
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Stock Movement Drivers
Fundamental Drivers
The -4.7% change in CHDN stock from 10/31/2025 to 2/3/2026 was primarily driven by a -4.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 98.82 | 94.17 | -4.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,884 | 2,884 | 0.0% |
| Net Income Margin (%) | 14.0% | 14.0% | 0.0% |
| P/E Multiple | 17.2 | 16.4 | -4.7% |
| Shares Outstanding (Mil) | 70 | 70 | 0.0% |
| Cumulative Contribution | -4.7% |
Market Drivers
10/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| CHDN | -4.7% | |
| Market (SPY) | 1.1% | 1.8% |
| Sector (XLY) | 0.9% | 11.4% |
Fundamental Drivers
The -11.7% change in CHDN stock from 7/31/2025 to 2/3/2026 was primarily driven by a -8.1% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 106.63 | 94.17 | -11.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,830 | 2,884 | 1.9% |
| Net Income Margin (%) | 15.2% | 14.0% | -8.1% |
| P/E Multiple | 17.8 | 16.4 | -7.5% |
| Shares Outstanding (Mil) | 72 | 70 | 2.0% |
| Cumulative Contribution | -11.7% |
Market Drivers
7/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| CHDN | -11.7% | |
| Market (SPY) | 9.4% | 11.2% |
| Sector (XLY) | 9.5% | 17.3% |
Fundamental Drivers
The -23.5% change in CHDN stock from 1/31/2025 to 2/3/2026 was primarily driven by a -25.6% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 123.10 | 94.17 | -23.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,671 | 2,884 | 8.0% |
| Net Income Margin (%) | 15.4% | 14.0% | -9.5% |
| P/E Multiple | 22.0 | 16.4 | -25.6% |
| Shares Outstanding (Mil) | 74 | 70 | 5.1% |
| Cumulative Contribution | -23.5% |
Market Drivers
1/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| CHDN | -23.5% | |
| Market (SPY) | 15.6% | 37.1% |
| Sector (XLY) | 4.9% | 38.3% |
Fundamental Drivers
The -23.3% change in CHDN stock from 1/31/2023 to 2/3/2026 was primarily driven by a -50.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 122.80 | 94.17 | -23.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,694 | 2,884 | 70.2% |
| Net Income Margin (%) | 28.4% | 14.0% | -50.8% |
| P/E Multiple | 19.3 | 16.4 | -14.9% |
| Shares Outstanding (Mil) | 76 | 70 | 7.5% |
| Cumulative Contribution | -23.3% |
Market Drivers
1/31/2023 to 2/3/2026| Return | Correlation | |
|---|---|---|
| CHDN | -23.3% | |
| Market (SPY) | 75.9% | 42.9% |
| Sector (XLY) | 66.6% | 41.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CHDN Return | 24% | -12% | 28% | -1% | -14% | -16% | -0% |
| Peers Return | 8% | -40% | 52% | -10% | -8% | -11% | -27% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 86% |
Monthly Win Rates [3] | |||||||
| CHDN Win Rate | 33% | 33% | 58% | 67% | 50% | 0% | |
| Peers Win Rate | 50% | 33% | 53% | 48% | 63% | 10% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| CHDN Max Drawdown | -9% | -28% | -1% | -17% | -35% | -16% | |
| Peers Max Drawdown | -23% | -49% | -10% | -27% | -28% | -12% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PENN, CZR, MGM, BYD, DKNG. See CHDN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/3/2026 (YTD)
How Low Can It Go
| Event | CHDN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -32.4% | -25.4% |
| % Gain to Breakeven | 48.0% | 34.1% |
| Time to Breakeven | 288 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -62.9% | -33.9% |
| % Gain to Breakeven | 169.2% | 51.3% |
| Time to Breakeven | 146 days | 148 days |
| 2018 Correction | ||
| % Loss | -27.7% | -19.8% |
| % Gain to Breakeven | 38.3% | 24.7% |
| Time to Breakeven | 163 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -61.4% | -56.8% |
| % Gain to Breakeven | 159.0% | 131.3% |
| Time to Breakeven | 1,059 days | 1,480 days |
Compare to PENN, CZR, MGM, BYD, DKNG
In The Past
Churchill Downs's stock fell -32.4% during the 2022 Inflation Shock from a high on 10/18/2021. A -32.4% loss requires a 48.0% gain to breakeven.
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About Churchill Downs (CHDN)
AI Analysis | Feedback
```htmlHere are 1-3 brief analogies to describe Churchill Downs (CHDN):
- MGM Resorts, but with the Kentucky Derby and horse racing as its crown jewels.
- A blend of Caesars Entertainment's casinos and DraftKings' online betting, centered on the iconic Kentucky Derby.
- Like Live Nation Entertainment for horse racing events and casino gaming.
AI Analysis | Feedback
- Live Horse Racing: Operates premier horse racing facilities, including the iconic Kentucky Derby, offering event experiences, ticket sales, and on-site hospitality.
- Gaming Operations: Manages and operates a portfolio of land-based casinos, historical horse racing machine facilities, and other gaming venues across multiple states.
- Online Wagering (TwinSpires): Provides a digital platform for pari-mutuel wagering on horse racing and online sports betting services to customers nationwide.
AI Analysis | Feedback
```htmlChurchill Downs (CHDN) primarily sells to individuals. Its major customer categories include:
- Horse Racing Enthusiasts and Bettors: This category encompasses individuals who attend live horse races (most notably the Kentucky Derby), watch races, and place wagers through their TwinSpires online platform or at their racetracks and Historical Horse Racing (HHR) venues.
- Casino Patrons and Gamblers: Individuals who visit and patronize Churchill Downs' various owned and operated casino properties, engaging in activities such as playing slot machines, table games, and other forms of entertainment.
- Sports Bettors: With the expansion of their TwinSpires platform into online sports betting, this category includes individuals who place wagers on a wide range of sporting events.
AI Analysis | Feedback
- International Game Technology PLC (Symbol: IGT)
- Light & Wonder, Inc. (Symbol: LNW)
AI Analysis | Feedback
William C. Carstanjen, Chief Executive Officer
William C. Carstanjen was named Churchill Downs Incorporated's Chief Executive Officer in August 2014 and appointed to the Board of Directors in July 2015. Prior to this, he served as CDI's President and Chief Operating Officer (2011-2014), Chief Operating Officer (2009-2011), and Executive Vice President, General Counsel and Chief Development Officer (2005-2009). Before joining CDI in July 2005, Mr. Carstanjen was an executive with General Electric Company for five years. He began his career as an attorney with Cravath, Swaine & Moore LLP in New York City, specializing in mergers and acquisitions, corporate finance, and corporate governance for 5.5 years. During his tenure, he has led CDI's diversification strategy into online wagering through TwinSpires.com, including the acquisitions of Youbet.com, AmericaTab, and Bloodstock Research Information Systems (BRIS), and expanded into regional casino gaming. He also oversaw the closing of Arlington Park and its sale to the NFL's Chicago Bears.
Marcia A. Dall, Executive Vice President and Chief Financial Officer
Marcia A. Dall, CPA, was named Executive Vice President and Chief Financial Officer of Churchill Downs Incorporated in October 2015. In this role, she oversees capital management, financial reporting, treasury, investor relations, financial planning and analysis, financial compliance, and enterprise risk management. Before joining CDI, Ms. Dall served as Executive Vice President and Chief Financial Officer for six years at Erie Indemnity Company. Prior to that, she was the CFO for the Healthcare division at Cigna Corp. She also served as a corporate officer and Chief Financial Officer for the International and U.S. Mortgage Insurance Segments of Genworth, a former subsidiary of General Electric. Ms. Dall began her career in 1985 in the Financial Management Program at General Electric, where she held various leadership roles in finance and operations over a twenty-plus year tenure.
William E. Mudd, President and Chief Operating Officer
William E. Mudd was named President and Chief Operating Officer of Churchill Downs Incorporated in September 2015. He joined CDI in 2007 as the company's Executive Vice President and CFO, and was promoted to President and CFO in 2014, where he focused on operations and growth in the casino, racing, and online wagering segments. Mr. Mudd's career began at General Electric, where he gained significant leadership experience, including serving as CFO of Supply Chain, IT, and Technology Finance for GE's Consumer and Industrial Europe, Middle East, and Africa division, and spent 15 years in various GE businesses both domestically and internationally.
Maureen Adams, Executive Vice President of Gaming Operations
Maureen Adams has served as Executive Vice President of Gaming Operations for Churchill Downs Incorporated since February 2022. Her career with CDI includes a period as President of Calder Casino in Miami Gardens, Florida. Prior to joining CDI, Ms. Adams spent 15 years with Caesars Entertainment, holding various senior positions in finance, marketing, sales, and operations across the enterprise.
AI Analysis | Feedback
The key risks to Churchill Downs' business include significant debt burden exacerbated by economic uncertainty and capital project delays, and ongoing regulatory and safety scrutiny related to horse welfare.
-
Economic Uncertainty, Capital Project Delays, and High Debt Burden
Churchill Downs has delayed major capital improvement projects, including a nearly $1 billion expansion plan through 2028, due to "increasing uncertainty surrounding construction costs related to tariff and trade disputes as well as current macro-economic conditions". The company cited the "risk of significant inflation due to new tariffs, and unanticipated cost increases on materials" as reasons for pausing these large-scale developments. This impacts future growth opportunities. Furthermore, Churchill Downs carries a substantial debt burden, with approximately $4.91 billion in debt as of December 2024 and a net debt to EBITDA ratio of 5.3, indicating a high level of leverage. Another report notes total debt of $5.00 billion and a net debt to Adjusted EBITDA LTM ratio of 4.1x, with an interest coverage ratio of 4.0x. This significant reliance on debt financing increases financial risk and interest expense. -
Regulatory Scrutiny and Horse Welfare Concerns
Churchill Downs faces ongoing challenges from the Horseracing Integrity & Safety Authority (HISA). The company, along with the New York Racing Association, filed a federal lawsuit against HISA, alleging unlawful demands for higher fees and threats to prohibit racing operations if unpaid. This legal dispute highlights potential operational disruptions and financial liabilities related to regulatory compliance. Additionally, the company has faced significant scrutiny over horse welfare, particularly following a period in 2023 where multiple horse fatalities occurred at the Churchill Downs Racetrack, leading to a temporary suspension of racing operations to conduct comprehensive safety reviews. While investigations did not identify a singular cause for the fatalities, the events underscore the critical need for continuous safety enhancements and compliance with HISA's evolving regulations to protect the sport's integrity and avoid further operational interruptions.
AI Analysis | Feedback
The widespread legalization and adoption of online casino gaming (iGaming) poses a clear emerging threat to Churchill Downs' traditional brick-and-mortar casino segment. As more states authorize iGaming, consumers may increasingly shift their gambling activity from physical casinos to convenient online platforms, potentially cannibalizing revenue and attendance at Churchill Downs' land-based properties. This parallels the historical disruption of Blockbuster by Netflix, where a digital, convenient alternative eroded the physical business model.
AI Analysis | Feedback
Churchill Downs, Inc. (CHDN) operates across several key segments, primarily focused on live and historical horse racing, online wagering, and casino gaming. The addressable markets for its main products and services are primarily within the United States.
Live and Historical Horse Racing
- Kentucky Derby Economic Impact (Louisville/Kentucky): The Kentucky Derby generated an estimated $441 million in local economic activity for Louisville and the state of Kentucky in 2025.
- Kentucky Derby Total Wagering (U.S.): Total wagering across all races on Kentucky Derby Day reached $349 million in 2025.
- U.S. Horse Racing Tracks Market: The market size for Horse Racing Tracks in the U.S. is estimated at $6.3 billion in 2025, growing at a 4.0% compound annual growth rate (CAGR) between 2020 and 2025.
- U.S. Historical Horse Racing (HHR) Revenue: Revenue from Historical Horse Racing in the U.S. soared to $1.4 billion as of April 2024, exhibiting a significant 67% CAGR over the preceding five years. Churchill Downs holds approximately a 60% market share in the U.S. HHR market as of 2023.
Wagering Services and Solutions (TwinSpires)
TwinSpires, Churchill Downs' online horse racing wagering platform, operates within the broader online gambling and online sports betting markets in the U.S.
- U.S. Online Gambling Market: The U.S. online gambling market, which includes sports betting and casino gaming, is projected to generate $5.97 billion in 2025 and is forecast to reach $12.81 billion by 2030, reflecting a 16.50% CAGR. Sports betting constituted 48.56% of this market in 2024.
- U.S. Online Sports Betting Market: The U.S. online sports betting market size was estimated at $17.94 billion in 2024 and is expected to grow to $33.18 billion by 2030, with a CAGR of 10.9% from 2025 to 2030. This market is also projected to reach a valuation of $16 billion by 2032, with a CAGR of 12.2% from 2023 to 2032.
Gaming (Casinos)
Churchill Downs operates regional casino gaming properties. This segment is part of the broader U.S. online gambling market as mentioned above, which includes casino gaming. The casino gaming segment within the U.S. online gambling market is projected to expand at a 13.66% CAGR through 2030.
AI Analysis | Feedback
Churchill Downs Incorporated (CHDN) is expected to drive future revenue growth over the next two to three years through several key initiatives:
- Strategic Investments and Enhancements at the Kentucky Derby: The company is making significant capital investments to enhance the Kentucky Derby experience, including the Starting Gate Pavilion project and renovating existing areas to offer more premium hospitality experiences. These upgrades are anticipated to lead to higher per-attendee pricing and increased sponsorship income for the Kentucky Derby and Derby Week events.
- Expansion of Historical Racing Machine (HRM) Footprint: Churchill Downs is actively expanding its Historical Racing Machine operations, with new venues opening and existing properties growing in states such as Virginia and Kentucky. The acquisition of Exacta Systems also contributes to this growth by providing HRM technology and expanding third-party operations.
- Development and Expansion of Regional Casino Gaming Properties: Growth in the gaming segment is expected from the opening of new casino properties, such as the Terre Haute Casino Resort in Indiana, and strategic acquisitions like the 90% stake in Casino Salem, New Hampshire, with plans for further development.
- Growth in Online Wagering and B2B Services through TwinSpires: The TwinSpires segment is projected to contribute to revenue growth through its established online horse racing wagering platform and the expansion of its business-to-business (B2B) content and technology services to other sports betting platforms.
AI Analysis | Feedback
Share Repurchases
- On July 23, 2025, Churchill Downs' Board of Directors approved a new $500 million share repurchase program, replacing a previous authorization of the same amount from March 2025. This program allows for repurchases at management's discretion and has no time limit.
- In the second quarter of 2025, the company returned $250.4 million of capital to shareholders through share repurchases.
- On December 18, 2023, Churchill Downs agreed to repurchase 1,000,000 shares of its common stock for $123.75 million in a privately negotiated transaction, separate from its existing repurchase program.
Outbound Investments
- On July 14, 2025, Churchill Downs announced definitive agreements to acquire 90% of the outstanding equity interests of Casino Salem in New Hampshire for $180 million.
- In March 2022, Churchill Downs acquired Chasers Poker Room in Salem, New Hampshire, with plans to launch horseracing operations.
Capital Expenditures
- On October 22, 2025, Churchill Downs announced the "Victory Run" project, a new $280-$300 million structure at Churchill Downs Racetrack to enhance premium hospitality and seating. Construction is anticipated to begin after the 2026 Kentucky Derby and be completed by the 2028 Kentucky Derby.
- On April 23, 2025, the company announced $25-$30 million in renovations for the Finish Line Suites and The Mansion at Churchill Downs Racetrack, expected to be completed by April 2026. However, development of The Skye, Conservatory, and Infield areas has been temporarily paused due to uncertainty in construction costs.
- The company anticipates spending $120-$130 million on capital projects in 2025 and expects to spend $160-$200 million on project capital in 2026, which includes initiatives at Churchill Downs Racetrack and Casino Salem in New Hampshire.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.47 |
| Mkt Cap | 6.7 |
| Rev LTM | 6,141 |
| Op Inc LTM | 833 |
| FCF LTM | 396 |
| FCF 3Y Avg | 215 |
| CFO LTM | 884 |
| CFO 3Y Avg | 831 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.9% |
| Rev Chg 3Y Avg | 8.3% |
| Rev Chg Q | 4.5% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 13.4% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 13.8% |
| FCF/Rev LTM | 8.6% |
| FCF/Rev 3Y Avg | 3.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.7 |
| P/S | 1.1 |
| P/EBIT | 2.3 |
| P/E | 0.8 |
| P/CFO | 5.3 |
| Total Yield | -0.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.8% |
| D/E | 2.1 |
| Net D/E | 1.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.3% |
| 3M Rtn | -0.9% |
| 6M Rtn | -13.5% |
| 12M Rtn | -29.3% |
| 3Y Rtn | -21.1% |
| 1M Excs Rtn | -15.1% |
| 3M Excs Rtn | -2.3% |
| 6M Excs Rtn | -23.5% |
| 12M Excs Rtn | -44.4% |
| 3Y Excs Rtn | -90.0% |
Comparison Analyses
Price Behavior
| Market Price | $94.17 | |
| Market Cap ($ Bil) | 6.6 | |
| First Trading Date | 03/29/1993 | |
| Distance from 52W High | -23.7% | |
| 50 Days | 200 Days | |
| DMA Price | $109.16 | $101.42 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -13.7% | -7.1% |
| 3M | 1YR | |
| Volatility | 23.6% | 32.2% |
| Downside Capture | -10.46 | 68.24 |
| Upside Capture | -35.64 | 30.72 |
| Correlation (SPY) | 0.1% | 36.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.38 | 0.04 | 0.04 | 0.27 | 0.62 | 0.80 |
| Up Beta | 0.30 | -0.55 | 0.87 | 0.94 | 0.67 | 0.89 |
| Down Beta | 1.27 | 0.85 | 0.15 | 0.16 | 0.68 | 0.72 |
| Up Capture | -172% | -89% | -20% | -2% | 24% | 33% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 5 | 18 | 31 | 59 | 125 | 375 |
| Down Capture | 137% | 33% | -24% | 27% | 77% | 98% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 15 | 22 | 28 | 64 | 124 | 374 |
[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 CHDN | |
|---|---|---|---|---|
| CHDN | -23.6% | 32.2% | -0.80 | - |
| Sector ETF (XLY) | 4.9% | 24.2% | 0.14 | 38.3% |
| Equity (SPY) | 15.6% | 19.2% | 0.63 | 37.1% |
| Gold (GLD) | 77.2% | 24.5% | 2.30 | -7.9% |
| Commodities (DBC) | 10.0% | 16.5% | 0.40 | 12.4% |
| Real Estate (VNQ) | 2.9% | 16.5% | -0.00 | 42.9% |
| Bitcoin (BTCUSD) | -23.4% | 40.3% | -0.56 | 24.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHDN | |
|---|---|---|---|---|
| CHDN | 0.7% | 32.2% | 0.08 | - |
| Sector ETF (XLY) | 8.7% | 23.8% | 0.33 | 54.0% |
| Equity (SPY) | 14.5% | 17.0% | 0.68 | 53.5% |
| Gold (GLD) | 21.5% | 16.8% | 1.04 | 1.4% |
| Commodities (DBC) | 12.0% | 18.9% | 0.51 | 11.8% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 44.0% |
| Bitcoin (BTCUSD) | 20.9% | 57.5% | 0.56 | 23.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHDN | |
|---|---|---|---|---|
| CHDN | 15.8% | 37.0% | 0.51 | - |
| Sector ETF (XLY) | 13.9% | 21.9% | 0.58 | 59.5% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 60.6% |
| Gold (GLD) | 15.6% | 15.5% | 0.84 | 0.1% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 20.2% |
| Real Estate (VNQ) | 5.6% | 20.8% | 0.24 | 54.5% |
| Bitcoin (BTCUSD) | 69.9% | 66.5% | 1.09 | 17.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2025 | 7.8% | 4.6% | 8.5% |
| 7/23/2025 | 4.2% | 0.9% | -6.1% |
| 2/19/2025 | -0.4% | -4.0% | -6.3% |
| 10/23/2024 | 4.5% | 7.3% | 6.2% |
| 7/24/2024 | 0.5% | 4.6% | -0.3% |
| 2/21/2024 | 2.1% | 3.8% | 1.0% |
| 10/25/2023 | -0.3% | 0.4% | 11.3% |
| 7/26/2023 | -9.7% | -10.4% | -6.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 10 |
| # Negative | 10 | 8 | 8 |
| Median Positive | 3.2% | 4.2% | 7.4% |
| Median Negative | -3.5% | -3.9% | -6.1% |
| Max Positive | 7.8% | 14.1% | 37.5% |
| Max Negative | -9.7% | -10.5% | -32.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/22/2025 | 10-Q |
| 06/30/2025 | 07/23/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/23/2022 | 10-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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