Cherry Hill Mortgage Investment (CHMI)
Market Price (2/21/2026): $2.615 | Market Cap: $94.5 MilSector: Financials | Industry: Mortgage REITs
Cherry Hill Mortgage Investment (CHMI)
Market Price (2/21/2026): $2.615Market Cap: $94.5 MilSector: FinancialsIndustry: Mortgage REITs
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 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 18% | Weak multi-year price returns2Y Excs Rtn is -35%, 3Y Excs Rtn is -105% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 97% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 301% | Key risksCHMI key risks include [1] high sensitivity to interest rate fluctuations impacting its RMBS and MSR portfolios, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 55% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43% | ||
| Low stock price volatilityVol 12M is 36% | ||
| Megatrend and thematic driversMegatrends include Real Estate Capital Markets. Themes include Mortgage Asset Investments, Structured Real Estate Finance, and Real Estate Investment Trusts. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 18% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 301% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 55% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Real Estate Capital Markets. Themes include Mortgage Asset Investments, Structured Real Estate Finance, and Real Estate Investment Trusts. |
| Weak multi-year price returns2Y Excs Rtn is -35%, 3Y Excs Rtn is -105% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 97% |
| Key risksCHMI key risks include [1] high sensitivity to interest rate fluctuations impacting its RMBS and MSR portfolios, Show more. |
Qualitative Assessment
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Cherry Hill Mortgage Investment (CHMI) stock has gained about 15% since 10/31/2025 because of the following key factors:
1. Favorable Outlook on Reduced Funding Costs and Expected Earnings Growth. An analysis from late December 2025 projected that lower repurchase agreement (repo) costs would drive Cherry Hill Mortgage Investment's earnings growth, with potential annual interest expense reductions of approximately $11 million, translating to a boost of about $0.30 per share to annual earnings. The company was also noted to be awaiting the full impact of recent Federal Reserve rate cuts on its funding costs, suggesting further potential upside.
2. Consistent Shareholder Returns through Dividend Declarations. The company's board of directors declared a common stock dividend of $0.10 per share for the fourth quarter of 2025 on December 12, 2025. This dividend was payable on January 30, 2026, to shareholders of record as of December 31, 2025, demonstrating a continued commitment to shareholder distributions.
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1. Favorable Outlook on Reduced Funding Costs and Expected Earnings Growth. An analysis from late December 2025 projected that lower repurchase agreement (repo) costs would drive Cherry Hill Mortgage Investment's earnings growth, with potential annual interest expense reductions of approximately $11 million, translating to a boost of about $0.30 per share to annual earnings. The company was also noted to be awaiting the full impact of recent Federal Reserve rate cuts on its funding costs, suggesting further potential upside.
2. Consistent Shareholder Returns through Dividend Declarations. The company's board of directors declared a common stock dividend of $0.10 per share for the fourth quarter of 2025 on December 12, 2025. This dividend was payable on January 30, 2026, to shareholders of record as of December 31, 2025, demonstrating a continued commitment to shareholder distributions.
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Stock Movement Drivers
Fundamental Drivers
The 14.4% change in CHMI stock from 10/31/2025 to 2/20/2026 was primarily driven by a 106.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 2202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.28 | 2.61 | 14.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 30 | 106.9% |
| P/S Multiple | 5.2 | 3.1 | -39.8% |
| Shares Outstanding (Mil) | 33 | 36 | -8.1% |
| Cumulative Contribution | 14.4% |
Market Drivers
10/31/2025 to 2/20/2026| Return | Correlation | |
|---|---|---|
| CHMI | 14.4% | |
| Market (SPY) | 1.1% | 39.3% |
| Sector (XLF) | 0.2% | 47.6% |
Fundamental Drivers
The 1.5% change in CHMI stock from 7/31/2025 to 2/20/2026 was primarily driven by a 99.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 2202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.57 | 2.61 | 1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 30 | 99.5% |
| P/S Multiple | 5.4 | 3.1 | -42.0% |
| Shares Outstanding (Mil) | 32 | 36 | -12.3% |
| Cumulative Contribution | 1.5% |
Market Drivers
7/31/2025 to 2/20/2026| Return | Correlation | |
|---|---|---|
| CHMI | 1.5% | |
| Market (SPY) | 9.4% | 33.1% |
| Sector (XLF) | 0.6% | 36.9% |
Fundamental Drivers
The -5.6% change in CHMI stock from 1/31/2025 to 2/20/2026 was primarily driven by a -301.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.77 | 2.61 | -5.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -15 | 30 | -301.3% |
| P/S Multiple | -5.6 | 3.1 | -156.1% |
| Shares Outstanding (Mil) | 30 | 36 | -16.4% |
| Cumulative Contribution | -5.6% |
Market Drivers
1/31/2025 to 2/20/2026| Return | Correlation | |
|---|---|---|
| CHMI | -5.6% | |
| Market (SPY) | 15.6% | 45.2% |
| Sector (XLF) | 3.0% | 45.2% |
Fundamental Drivers
The -38.2% change in CHMI stock from 1/31/2023 to 2/20/2026 was primarily driven by a -62.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2202026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.22 | 2.61 | -38.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 81 | 30 | -62.6% |
| Net Income Margin (%) | 74.6% | 35.3% | -52.7% |
| P/E Multiple | 1.4 | 8.8 | 526.9% |
| Shares Outstanding (Mil) | 20 | 36 | -44.3% |
| Cumulative Contribution | -38.2% |
Market Drivers
1/31/2023 to 2/20/2026| Return | Correlation | |
|---|---|---|
| CHMI | -38.2% | |
| Market (SPY) | 75.9% | 39.9% |
| Sector (XLF) | 50.1% | 40.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CHMI Return | 2% | -17% | -19% | -22% | 15% | 4% | -37% |
| Peers Return | 3% | -23% | 8% | 4% | 21% | 3% | 12% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| CHMI Win Rate | 42% | 50% | 42% | 50% | 50% | 50% | |
| Peers Win Rate | 57% | 47% | 48% | 63% | 63% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CHMI Max Drawdown | -4% | -36% | -46% | -30% | -5% | -1% | |
| Peers Max Drawdown | -4% | -42% | -26% | -8% | -9% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NLY, AGNC, ARR, TWO, PMT.
[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 2/20/2026 (YTD)
How Low Can It Go
| Event | CHMI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -73.8% | -25.4% |
| % Gain to Breakeven | 281.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -82.3% | -33.9% |
| % Gain to Breakeven | 464.4% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -36.7% | -19.8% |
| % Gain to Breakeven | 58.1% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to NLY, AGNC, ARR, TWO, PMT
In The Past
Cherry Hill Mortgage Investment's stock fell -73.8% during the 2022 Inflation Shock from a high on 6/24/2021. A -73.8% loss requires a 281.2% gain to breakeven.
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About Cherry Hill Mortgage Investment (CHMI)
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.
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Here are 1-3 brief analogies for Cherry Hill Mortgage Investment (CHMI):
- Imagine a specialized investment firm focused on mortgages, much like a large bank's mortgage division (e.g., Wells Fargo Home Lending), but instead of directly originating new loans, it buys and manages bundles of existing home loans to generate income.
- It's an investment fund, similar to a Vanguard fixed-income fund, but exclusively designed to generate high dividends by investing in residential mortgage-backed securities.
- It operates like a highly specialized bond fund, similar to those offered by PIMCO, but its 'bonds' are specifically residential mortgage-backed securities.
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- Agency Residential Mortgage-Backed Securities (RMBS): The company invests in debt instruments backed by pools of residential mortgages, where principal and interest payments are guaranteed by government-sponsored enterprises.
- Mortgage Servicing Rights (MSRs): CHMI acquires the contractual rights to receive fees for managing mortgage payments and related administrative tasks for residential loans.
- Residential Mortgage Loans: The company directly purchases and holds whole residential mortgage loans, earning interest from borrowers.
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Cherry Hill Mortgage Investment (CHMI) is a real estate investment trust (REIT) that primarily invests in residential mortgage assets, specifically Agency residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSRs).
As a mortgage REIT, CHMI generates its revenue primarily from the net interest margin between the interest income earned on its investment portfolio and the cost of funding those assets. Therefore, CHMI does not have traditional "customers" in the sense of entities that purchase goods or services directly from it.
However, CHMI's business operations involve significant transactions and relationships with other financial companies. If we interpret "customers" as critical business counterparties or entities that are integral to its revenue-generating activities through various financial transactions, these would be other financial institutions:
- Major Financial Institutions (Repurchase Agreement Counterparties): CHMI finances a substantial portion of its investment portfolio through repurchase agreements (repos). In these transactions, CHMI temporarily "sells" securities to other financial institutions (primarily large commercial banks, investment banks, and broker-dealers) to obtain cash, with an agreement to repurchase them later. These financial institutions act as crucial "buyers" of the securities in these temporary sales, providing essential funding to CHMI. While they provide funding *to* CHMI, the temporary sale of securities to them is a core aspect of CHMI's capital structure. CHMI does not publicly disclose the specific names of all its repurchase agreement counterparties in its filings, typically referring to them generally as a "diversified group of financial institutions." Therefore, specific names and symbols cannot be provided.
- Mortgage Originators and Aggregators (Sellers of MBS and MSRs): CHMI acquires its investment assets (Agency RMBS and MSRs) from various financial institutions, including large banks, investment banks, and non-bank mortgage originators. While CHMI is the buyer in these transactions, these entities are crucial partners in the secondary mortgage market, supplying the assets that form CHMI's investment portfolio. Specific names of these sellers are also not typically disclosed.
In summary, CHMI's business model is not based on selling a product or service to a defined customer base, but rather on managing an investment portfolio and leveraging funding relationships with major financial institutions within the mortgage finance ecosystem.
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- Cherry Hill Mortgage Management, LLC
- Barclays PLC (BCS)
- JPMorgan Chase & Co. (JPM)
- Nomura Holdings, Inc. (NMR)
- Royal Bank of Canada (RY)
- UBS Group AG (UBS)
- Wells Fargo & Company (WFC)
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Jay Lown, President and Chief Executive Officer
Jay Lown has over 20 years of combined experience in the financial services industry and the residential mortgage markets. Before joining Cherry Hill Mortgage Investment Corporation, he served as Executive Vice President in charge of strategic funding projects and capital markets at Freedom Mortgage, which he joined in April 2012. Prior to Freedom Mortgage, Mr. Lown was a Portfolio Manager at Avenue Capital Group from April 2011 to January 2012. He also served as a fellow at the Office of Thrift Supervision (OTS), advising on residential mortgage loan origination and residential asset valuation. Earlier in his career, Mr. Lown worked in mortgage trading at UBS Securities LLC and spent 11 years on the mortgage trading desk at Salomon Brothers (now Citigroup), starting in 1991.
Apeksha Patel, Chief Financial Officer
Apeksha Patel serves as the Chief Financial Officer of Cherry Hill Mortgage Investment Corporation. She previously held the role of Controller for the company since 2019, having been Assistant Controller from 2017. Before her tenure at Cherry Hill Mortgage Investment Corporation, Ms. Patel gained experience in the public accounting sector, holding positions at Mazars USA LLP and SB Partners LLP. She holds a Bachelor of Commerce degree from Ryerson University and is a licensed Certified Public Accountant (CPA) in New Jersey.
Julian Evans, Chief Investment Officer
Julian Evans brings over 20 years of experience in the financial services industry. Prior to Cherry Hill's IPO, he served as Senior Vice President at Freedom Mortgage since April 2013. From April 2004 to September 2012, Mr. Evans was the Head of the MBS Sector Team and Senior Portfolio Manager for Deutsche Asset Management, where he managed RMBS assets for various clients and developed the mortgage strategy for the investment platform. His experience also includes serving as Vice President and head trader for mortgage and asset-backed securities at Times Square Capital Management from 1999 to 2004, and a senior analyst role at Bear, Stearns & Co. He began his career at Chemical Bank (now JP Morgan Chase) in 1992. Mr. Evans earned an MBA from the Stephen M. Ross School of Business at the University of Michigan and a Bachelor of Arts degree from Trinity College. Additionally, he is an Angel Investor and has made an investment in Motion Traxx.
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Key Risks to Cherry Hill Mortgage Investment (CHMI)
- Interest Rate Risk: Cherry Hill Mortgage Investment, as a mortgage REIT (mREIT), is highly susceptible to fluctuations in interest rates. Changes in interest rates can significantly impact the company's net interest income, the fair value of its residential mortgage-backed securities (RMBS) portfolio, and the valuation of its mortgage servicing rights (MSRs). Rising interest rates can decrease the value of existing lower-rate mortgages and increase the cost of the company's borrowings, putting pressure on its book value.
- Prepayment Risk: This risk is particularly relevant to CHMI's investments in Mortgage Servicing Rights (MSRs). If interest rates fall, homeowners are more likely to refinance their mortgages, leading to an increase in prepayment speeds. This acceleration of prepayments reduces the expected future cash flows from MSRs, thereby decreasing their value and impacting the company's ability to redeploy capital at attractive rates.
- Liquidity and Leverage Risk: Operating an mREIT necessitates meticulous cash flow management. Cherry Hill Mortgage Investment faces liquidity risks related to its ability to manage cash flow effectively and its leverage ratio. While the company aims to maintain a disciplined leverage ratio, excessive leverage can put its balance sheet at risk and impact its financial stability.
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Cherry Hill Mortgage Investment (CHMI) primarily focuses on investments in Residential Mortgage-Backed Securities (RMBS) and Mortgage Servicing Rights (MSRs). Both of these markets are located within the United States. The addressable markets for CHMI's main products and services are as follows: * Residential Mortgage-Backed Securities (RMBS): The U.S. mortgage-backed securities market is one of the largest fixed-income markets globally, with more than $11 trillion of securities outstanding. Agency RMBS, which are a significant focus for CHMI, constitute a substantial portion of this market. Agency MBS also make up a significant portion of the $14 trillion U.S. securitized market. In 2024, gross agency RMBS issuance in the U.S. totaled approximately $1.1 trillion. * Mortgage Servicing Rights (MSRs): Forecasts suggest that the U.S. MSR market volume for sales/transfers will be in the range of $1.3 trillion for the current year, reaching $1.5 trillion in 2024, and around $1.1 trillion in 2025. MIAC Analytics reported valuing residential MSRs totaling $48.95 trillion in unpaid principal balance in 2024, representing the total underlying mortgage debt serviced, rather than the market value of the MSRs themselves.AI Analysis | Feedback
Cherry Hill Mortgage Investment (CHMI) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:- Strategic Adaptation to Lower Interest Rate Environment: CHMI's management has highlighted its readiness to tactically respond to a lower interest rate environment, aiming to enhance its portfolio and deliver attractive risk-adjusted returns to shareholders. This involves shifting its RMBS portfolio to benefit from lower rates, which can lead to improved portfolio performance and lower funding costs.
- Growth in Residential Mortgage-Backed Securities (RMBS) and Mortgage Servicing Rights (MSR) Portfolios: The company's expanding portfolio, including gains in residential mortgage-backed securities and the continued performance of its MSR portfolio, is a significant driver. For instance, the MSR portfolio had a weighted average note rate of 3.5% and continued to perform well in the third quarter of 2025. Strategic reinvestment in mortgage portfolios with 4.98% weighted average coupons is also a focus.
- Digital Innovation and Strategic Partnerships: Cherry Hill entered a strategic partnership and investment with Real Genius LLC, a digital mortgage technology company, in May 2025. This collaboration aims to streamline lending operations, improve customer engagement, reduce processing times, and lower operational costs, positioning CHMI to capture a larger share of the refinancing market as rates decline. The CEO's openness to future partnerships also suggests a flexible, innovation-driven mindset.
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Share Repurchases
- In December 2023, Cherry Hill Mortgage Investment Corporation's Board of Directors authorized the repurchase of up to $50 million of the Company's preferred stock, including its 8.20% Series A Cumulative Redeemable Preferred Stock and its 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
- For the year ended December 31, 2024, the Company repurchased 395,897 shares of its Series B Preferred Stock at a weighted average purchase price of $23.77 per share.
- These repurchases resulted in a gain attributable to common stockholders of $78,000 for the year ended December 31, 2024.
Share Issuance
- In the second quarter of 2025, Cherry Hill Mortgage Investment Corporation accessed its at-the-market equity program, generating approximately $8.9 million in additional proceeds.
- The number of outstanding common shares increased from 30,080,156 as of August 8, 2024, to 36,739,538 as of November 6, 2025, indicating significant common stock issuance during this period.
- No unregistered sales of equity securities occurred during the three months ended September 30, 2025.
Inbound Investments
- In May 2025, CHMI Solutions, Inc., a subsidiary of Cherry Hill Mortgage Investment Corporation, entered into a strategic partnership and financing with Real Genius LLC, a Florida-based digital mortgage technology company.
- This partnership is considered a long-term strategic decision aimed at enhancing efficiency and customer engagement within the company's mortgage operations.
Outbound Investments
- In May 2025, Cherry Hill Mortgage Investment Corporation's subsidiary, CHMI Solutions, Inc., engaged in a strategic partnership and financing with Real Genius LLC, a digital mortgage technology company.
- The Company's core business involves acquiring, investing in, and managing residential mortgage assets, including residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSRs), which form the majority of its investable assets.
Capital Expenditures
- No significant capital expenditures on property, plant, or equipment were explicitly reported in the provided information for Cherry Hill Mortgage Investment Corporation over the last 3-5 years.
- As a mortgage REIT, the company primarily invests in financial instruments, and traditional capital expenditures are typically minimal.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Cherry Hill Mortgage Investment Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to CHMI.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FDS | FactSet Research Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -19.1% | -19.1% | -23.8% |
| 01302026 | PFSI | PennyMac Financial Services | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.6% | -7.6% | -9.2% |
| 01232026 | FIS | Fidelity National Information Services | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -22.6% | -22.6% | -22.6% |
| 01022026 | MORN | Morningstar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -23.9% | -23.9% | -26.8% |
| 01022026 | ABR | Arbor Realty Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -2.9% | -2.9% | -6.7% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.87 |
| Mkt Cap | 1.5 |
| Rev LTM | 283 |
| Op Inc LTM | - |
| FCF LTM | -81 |
| FCF 3Y Avg | 130 |
| CFO LTM | 98 |
| CFO 3Y Avg | 196 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 47.5% |
| Rev Chg 3Y Avg | 56.8% |
| Rev Chg Q | 132.3% |
| QoQ Delta Rev Chg LTM | 99.8% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 43.0% |
| CFO/Rev 3Y Avg | -490.8% |
| FCF/Rev LTM | 22.6% |
| FCF/Rev 3Y Avg | -493.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.5 |
| P/S | 6.7 |
| P/EBIT | - |
| P/E | 8.8 |
| P/CFO | 8.0 |
| Total Yield | 12.0% |
| Dividend Yield | 6.3% |
| FCF Yield 3Y Avg | 9.2% |
| D/E | 1.4 |
| Net D/E | 0.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.2% |
| 3M Rtn | 13.4% |
| 6M Rtn | 16.8% |
| 12M Rtn | 6.1% |
| 3Y Rtn | 19.4% |
| 1M Excs Rtn | -3.7% |
| 3M Excs Rtn | 9.9% |
| 6M Excs Rtn | 7.6% |
| 12M Excs Rtn | -5.7% |
| 3Y Excs Rtn | -53.9% |
Price Behavior
Price Behavior
| Market Price | $2.61 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/04/2013 | |
| Distance from 52W High | -15.6% | |
| 50 Days | 200 Days | |
| DMA Price | $2.60 | $2.52 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 0.6% | 3.7% |
| 3M | 1YR | |
| Volatility | 28.4% | 36.5% |
| Downside Capture | 69.99 | 125.69 |
| Upside Capture | 153.19 | 93.22 |
| Correlation (SPY) | 46.2% | 45.1% |
CHMI Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.59 | 1.46 | 1.17 | 1.02 | 0.86 | 0.91 |
| Up Beta | 2.77 | 2.21 | -0.15 | 0.10 | 0.36 | 0.61 |
| Down Beta | 2.37 | 1.71 | 1.62 | 1.15 | 1.21 | 1.05 |
| Up Capture | 111% | 181% | 191% | 119% | 105% | 58% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 21 | 29 | 55 | 115 | 346 |
| Down Capture | 9% | 53% | 90% | 130% | 113% | 105% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 16 | 25 | 54 | 114 | 350 |
[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 CHMI | |
|---|---|---|---|---|
| CHMI | -14.5% | 36.4% | -0.36 | - |
| Sector ETF (XLF) | 1.6% | 19.4% | -0.04 | 45.2% |
| Equity (SPY) | 13.5% | 19.4% | 0.53 | 45.0% |
| Gold (GLD) | 74.5% | 25.6% | 2.15 | 2.7% |
| Commodities (DBC) | 7.2% | 16.9% | 0.25 | 17.0% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 46.8% |
| Bitcoin (BTCUSD) | -30.6% | 44.9% | -0.68 | 25.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CHMI | |
|---|---|---|---|---|
| CHMI | -9.8% | 32.4% | -0.26 | - |
| Sector ETF (XLF) | 12.6% | 18.7% | 0.54 | 41.9% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 42.5% |
| Gold (GLD) | 22.6% | 17.1% | 1.08 | 7.4% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 12.9% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 42.6% |
| Bitcoin (BTCUSD) | 7.2% | 57.1% | 0.35 | 16.6% |
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 CHMI | |
|---|---|---|---|---|
| CHMI | -2.3% | 42.6% | 0.10 | - |
| Sector ETF (XLF) | 14.7% | 22.2% | 0.61 | 45.2% |
| Equity (SPY) | 16.1% | 17.9% | 0.77 | 42.5% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | 5.2% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 15.5% |
| Real Estate (VNQ) | 7.0% | 20.7% | 0.30 | 46.9% |
| Bitcoin (BTCUSD) | 67.8% | 66.7% | 1.07 | 13.4% |
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 |
| 11/6/2025 | 2.6% | 1.3% | 7.4% |
| 8/7/2025 | 2.2% | 5.4% | 5.4% |
| 3/6/2025 | 6.9% | 4.5% | -10.1% |
| 11/12/2024 | -10.1% | -16.4% | -17.9% |
| 8/8/2024 | -2.7% | -1.6% | -4.4% |
| 3/7/2024 | -10.9% | -9.5% | -2.2% |
| 11/2/2023 | 11.3% | 9.8% | 24.2% |
| 8/3/2023 | 0.2% | -2.2% | -3.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 5 |
| # Negative | 11 | 12 | 14 |
| Median Positive | 2.8% | 5.4% | 8.2% |
| Median Negative | -4.1% | -3.6% | -5.1% |
| Max Positive | 13.2% | 18.8% | 54.6% |
| Max Negative | -12.6% | -16.8% | -44.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/15/2022 | 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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