Clarus (CLAR)
Market Price (12/23/2025): $3.4 | Market Cap: $130.6 MilSector: Consumer Discretionary | Industry: Leisure Facilities
Clarus (CLAR)
Market Price (12/23/2025): $3.4Market Cap: $130.6 MilSector: Consumer DiscretionaryIndustry: Leisure Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11% | Weak multi-year price returns2Y Excs Rtn is -90%, 3Y Excs Rtn is -131% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.7% |
| Attractive yieldDividend Yield is 2.9% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.16 | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5% |
| Low stock price volatilityVol 12M is 46% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.8% | |
| Megatrend and thematic driversMegatrends include Outdoor Recreation & Adventure, and Experience Economy & Premiumization. Themes include Outdoor Gear & Apparel, Adventure Vehicle Equipment, Show more. | 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 -63% | |
| Key risksCLAR key risks include [1] significant impairments and underperformance from past acquisitions, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11% |
| Attractive yieldDividend Yield is 2.9% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include Outdoor Recreation & Adventure, and Experience Economy & Premiumization. Themes include Outdoor Gear & Apparel, Adventure Vehicle Equipment, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -90%, 3Y Excs Rtn is -131% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.16 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.7% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.8% |
| 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 -63% |
| Key risksCLAR key risks include [1] significant impairments and underperformance from past acquisitions, Show more. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points for the movement of Clarus (CLAR) stock from approximately August 31, 2025, to December 23, 2025: 1. Negative Market Reaction to Q3 2025 Earnings Despite Mixed Results: Clarus reported its third-quarter 2025 financial results on November 6, 2025. While the company's revenue of $69.35 million surpassed analyst expectations and its non-GAAP earnings per share (EPS) of $0.05 met estimates, the stock experienced a decline of 5.25% in after-hours trading. This suggests that investors may have focused on other aspects of the report, such as the GAAP net loss of $1.6 million for the quarter, or the broader challenging market conditions.2. Persistent "Challenging Global Consumer Landscape" and Macroeconomic Uncertainty: Throughout the period, management consistently cited a difficult operating environment. In their Q3 2025 commentary, they noted navigating a "challenging global consumer landscape" and "macro uncertainty, particularly with respect to evolving tariff policies and consumer behavior," which likely contributed to a cautious outlook for investors.
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Stock Movement Drivers
Fundamental Drivers
The -8.7% change in CLAR stock from 9/22/2025 to 12/22/2025 was primarily driven by a -9.5% change in the company's P/S Multiple.| 9222025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.71 | 3.39 | -8.68% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 254.20 | 256.43 | 0.88% |
| P/S Multiple | 0.56 | 0.51 | -9.48% |
| Shares Outstanding (Mil) | 38.40 | 38.40 | 0.00% |
| Cumulative Contribution | -8.68% |
Market Drivers
9/22/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| CLAR | -8.7% | |
| Market (SPY) | 2.7% | 15.9% |
| Sector (XLY) | 1.9% | 17.8% |
Fundamental Drivers
The -2.5% change in CLAR stock from 6/23/2025 to 12/22/2025 was primarily driven by a -2.8% change in the company's P/S Multiple.| 6232025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.48 | 3.39 | -2.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 255.44 | 256.43 | 0.39% |
| P/S Multiple | 0.52 | 0.51 | -2.83% |
| Shares Outstanding (Mil) | 38.37 | 38.40 | -0.09% |
| Cumulative Contribution | -2.55% |
Market Drivers
6/23/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| CLAR | -2.5% | |
| Market (SPY) | 14.4% | 30.2% |
| Sector (XLY) | 14.3% | 34.3% |
Fundamental Drivers
The -23.5% change in CLAR stock from 12/22/2024 to 12/22/2025 was primarily driven by a -19.5% change in the company's P/S Multiple.| 12222024 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 4.43 | 3.39 | -23.50% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 269.41 | 256.43 | -4.82% |
| P/S Multiple | 0.63 | 0.51 | -19.53% |
| Shares Outstanding (Mil) | 38.35 | 38.40 | -0.13% |
| Cumulative Contribution | -23.50% |
Market Drivers
12/22/2024 to 12/22/2025| Return | Correlation | |
|---|---|---|
| CLAR | -23.5% | |
| Market (SPY) | 16.9% | 36.2% |
| Sector (XLY) | 7.8% | 39.8% |
Fundamental Drivers
The -49.6% change in CLAR stock from 12/23/2022 to 12/22/2025 was primarily driven by a -28.9% change in the company's P/S Multiple.| 12232022 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 6.73 | 3.39 | -49.63% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 352.28 | 256.43 | -27.21% |
| P/S Multiple | 0.71 | 0.51 | -28.88% |
| Shares Outstanding (Mil) | 37.37 | 38.40 | -2.76% |
| Cumulative Contribution | -49.66% |
Market Drivers
12/23/2023 to 12/22/2025| Return | Correlation | |
|---|---|---|
| CLAR | -45.4% | |
| Market (SPY) | 47.7% | 32.1% |
| Sector (XLY) | 38.4% | 36.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CLAR Return | 14% | 81% | -72% | -11% | -33% | -23% | -73% |
| Peers Return | 32% | 11% | -29% | 5% | 20% | -28% | -6% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 113% |
Monthly Win Rates [3] | |||||||
| CLAR Win Rate | 58% | 67% | 25% | 42% | 33% | 42% | |
| Peers Win Rate | 63% | 62% | 32% | 55% | 50% | 42% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| CLAR Max Drawdown | -35% | -2% | -74% | -37% | -41% | -31% | |
| Peers Max Drawdown | -49% | -6% | -48% | -27% | -22% | -51% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VFC, COLM, DECK, YETI, NWL.
[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] 2025 data is for the year up to 12/22/2025 (YTD)
How Low Can It Go
| Event | CLAR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -84.1% | -25.4% |
| % Gain to Breakeven | 529.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.5% | -33.9% |
| % Gain to Breakeven | 57.5% | 51.3% |
| Time to Breakeven | 127 days | 148 days |
| 2018 Correction | ||
| % Loss | -27.9% | -19.8% |
| % Gain to Breakeven | 38.7% | 24.7% |
| Time to Breakeven | 405 days | 120 days |
Compare to FUN, NOMA, AS, PLNT, LTH
In The Past
Clarus's stock fell -84.1% during the 2022 Inflation Shock from a high on 10/25/2021. A -84.1% loss requires a 529.7% gain to breakeven.
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AI Analysis | Feedback
Analogy 1: Clarus is like a smaller VF Corporation, owning a portfolio of outdoor and adventure equipment brands such as Black Diamond, Rhino-Rack, and Sierra Bullets.
Analogy 2: Imagine an LVMH or Kering, but instead of luxury fashion, it acquires and grows high-performance outdoor and adventure gear brands.
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- Black Diamond Equipment: High-performance gear and apparel for climbing, skiing, and mountain sports activities.
- Rhino-Rack: Robust vehicle roof racks, trays, and various accessories designed for transporting gear and enhancing outdoor utility.
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Major Customers of Clarus Corporation (CLAR)
Clarus Corporation (CLAR) sells its products primarily to **individuals** through a network of specialty retailers, general sporting goods retailers, distributors, and directly to consumers via its e-commerce websites and company-owned stores. As such, it serves categories of end-user customers rather than other specific companies as its major customers. The up to three major categories of customers that Clarus serves are:- Outdoor Sports Enthusiasts: This category includes individuals engaged in activities such as climbing, skiing, mountaineering, hiking, and other mountain sports. These customers purchase gear, equipment, and apparel primarily under the Black Diamond and PIEPS brands.
- Shooting Sports Participants & Hunters: This category comprises individuals involved in recreational shooting, competitive shooting, hunting, and ammunition reloading. These customers purchase ammunition and components primarily under the Sierra and Barnes brands.
- General Consumers seeking Outdoor-Focused Personal Care: This category includes consumers interested in skincare and personal care products designed for active lifestyles and outdoor pursuits, primarily through the SKINourishment brand.
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Warren B. Kanders Executive Chairman
Warren B. Kanders has served as Executive Chairman of Clarus' Board of Directors since December 2002 and as a director since June 2002. Since 1990, Mr. Kanders has been the President of Kanders & Company, Inc., a private investment firm that makes investments in and provides consulting services to public and private entities. From January 1996 until its sale to BAE Systems plc in July 2007, he served as Chairman of the Board and from April 2003 as Chief Executive Officer of Armor Holdings, Inc., a New York Stock Exchange-listed company that manufactured and supplied military and armored vehicles and safety products. Mr. Kanders is also the CEO and Chairman of Cadre Holdings Inc. He was a founder of Clarus.
John C. Walbrecht President and Chief Executive Officer
John C. Walbrecht has served as President and Chief Executive Officer of Clarus. He was promoted to Clarus president in March 2018, having previously served as president of the company's Outdoor Group for 18 months. Mr. Walbrecht brings over 30 years of executive leadership experience from various active outdoor brands. Prior to joining Black Diamond (now Clarus), he was president and CEO of Mountain Hardwear, a subsidiary of Columbia Sportswear, and before that, president and CEO of Fenix Outdoor. He also held senior leadership roles at Spyder Active Sports, Timberland, and Dr. Martens.
Michael J. Yates Chief Financial Officer
Michael J. Yates was appointed Chief Financial Officer of Clarus in January 2022. He has nearly 35 years of experience in financial management, executive leadership, accounting, and M&A. Before joining Clarus, Mr. Yates worked at IDEX Corporation (NYSE: IEX), an S&P 500 diversified engineered products company, where he held several accounting and financial executive leadership positions, including chief accounting officer from 2010 to 2021, interim CFO, and corporate controller. Earlier in his career, he worked at PricewaterhouseCoopers and KPMG.
Aaron J. Kuehne Executive Vice President & Chief Operating Officer
Aaron J. Kuehne was promoted to Executive Vice President & Chief Operating Officer in January 2022. He joined Clarus (formerly Black Diamond) in September 2010 and previously served as the company's CFO, Secretary, and Treasurer from 2013 to 2021. During his tenure, Mr. Kuehne has been instrumental in implementing Clarus' operating model and supporting its organic and inorganic growth. Before joining Black Diamond, he was an audit manager at KPMG and Controller at Certiport (DE), Inc.
Neil Fiske President, Black Diamond Equipment
Neil Fiske has served as President of Black Diamond Equipment, a Clarus brand, since February 2023. He previously worked at Marquee Brands, a brand accelerator. Mr. Fiske has nearly 20 years of experience as a CEO in the outdoor, active, and apparel industries. Prior to Marquee Brands, he was CEO of companies such as Billabong International, Eddie Bauer, and the Bath and Body Works division of L Brands.
AI Analysis | Feedback
The key risks to Clarus Corporation (CLAR) include significant macroeconomic headwinds impacting consumer discretionary spending, challenges with past acquisitions leading to underperforming business segments, and ongoing pressures from tariffs and foreign exchange rates.
- Macroeconomic Headwinds and Softening Discretionary Spending: Clarus is currently navigating a challenging global consumer landscape, with a notable downturn in earnings and revenue declines over recent periods. The company has experienced softening direct demand and its retail partners have been more cautious with stock levels. This overarching macroeconomic uncertainty and a slower-than-expected recovery in discretionary spending directly impact the company's ability to achieve consistent financial performance and profitability.
- Challenges with Acquisitions and Underperforming Business Segments: Past acquisitions have presented significant challenges for Clarus, with the Adventure segment, which includes brands like Rhino-Rack and MAXTRAX, experiencing substantial revenue declines and impairments. In 2024, the company booked $45 million in impairments in the Adventure segment, contributing to a net loss of $70.6 million. The company has struggled to achieve the expected benefits and consistent financial performance from its acquired businesses, indicating difficulties in integration, synergy realization, or market assessment.
- Tariffs and Foreign Exchange Pressures: Clarus faces ongoing challenges from evolving tariff policies and foreign exchange fluctuations, which have directly impacted its financial performance. The company's adjusted gross margin declined due to these pressures. Clarus has indicated it is implementing tariff mitigation actions to offset these costs, with expectations to offset approximately 70% of tariff impacts in 2026.
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The clear emerging threat for Clarus (CLAR) stems from the increasing ease of entry and rapid scaling of highly specialized, digitally native, direct-to-consumer (D2C) brands within the outdoor equipment and lifestyle market. These emerging competitors leverage digital channels to build strong community-driven brands, often with a hyper-focus on specific niches (e.g., ultralight gear, niche climbing equipment, hyper-sustainable apparel) and compelling brand narratives (e.g., radical transparency, deep environmental commitment). By bypassing traditional retail distribution and engaging directly with consumers, these agile entrants can quickly gain market share, erode brand loyalty, and outcompete established brands like Black Diamond on specific attributes (such as perceived authenticity, responsiveness, or specialized innovation) and reach, similar to how digital-first content platforms challenged traditional media.
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Addressable Markets for Clarus Corporation's Main Products and Services
Outdoor Equipment (Brands include Black Diamond, PIEPS (until July 2025))
- The global Outdoor Gear and Equipment Market was valued at USD 61.7 billion in 2025 and is projected to reach USD 111.78 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 5.8%. North America accounted for the largest market share of 40.41% in 2024.
- The global Rock Climbing Gear Market was valued at USD 2.17 billion in 2025 and is projected to reach USD 6.1 billion by 2034, exhibiting a CAGR of 12.16%. The United States market size for climbing gear is projected at USD 0.73682 billion in 2025, Europe at USD 0.56076 billion in 2025, and China at USD 0.55511 billion in 2025.
- The global Ski Gear & Equipment Market size was USD 17.74 billion in 2025 and is forecasted to reach approximately USD 28.53 billion by 2034, expanding at a CAGR of 5.42%. The North America market size surpassed USD 7.24 billion in 2024, and the U.S. market size was USD 5.64 billion in 2024.
- The global Avalanche Safety Equipment Market was valued at US$1.05 billion in 2024 and is projected to reach US$1.65 billion by 2031, growing at a CAGR of 6.8%. Europe and North America collectively account for nearly 60% of this market.
Ammunition/Reloading Components (Brand: Sierra Bullets)
- The global Ammunition Reloading Equipment Market was valued at approximately USD 4.5 billion in 2023 and is projected to reach around USD 7.9 billion by 2032, growing at a CAGR of 6.4%. North America is the dominant market for ammunition reloading equipment.
Adventure/Vehicle-based Overlanding (Brands include Rhino-Rack, MAXTRAX, TRED Outdoors)
- The global Automotive Roof Rack Market was valued at USD 1.66 billion in 2024 and is projected to grow to USD 2.91 billion by 2035, with a CAGR of 5.23%. North America holds the largest market share in this segment, accounting for 48.3%.
- The global Overlanding Accessories Market size was valued at USD 2.7 billion in 2024 and is forecasted to reach USD 6.4 billion by 2033, growing at a robust CAGR of 9.7%.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Clarus (CLAR) over the next 2-3 years:1. Continued Growth in the Adventure Segment: Clarus's Adventure segment has demonstrated strong performance, with a 16% increase in sales in Q3 2025, primarily driven by robust results in the core Australian market and contributions from the RockyMounts acquisition. The company is actively positioning this segment for a "much stronger, more innovative future."
2. Success and Expansion of the Black Diamond Apparel Line: The revamped Black Diamond apparel line within the Outdoor segment has been a key highlight, experiencing a 29% sales growth in Q3 2025. Apparel is considered critical to Clarus's growth strategy, with management's focus on enhanced creative direction and prioritizing profitable products resonating with customers in both retail and direct-to-consumer channels.
3. Strategic Focus on North American Wholesale and Key Customers: Clarus is prioritizing its most profitable channels, evidenced by a 16% rise in North American wholesale revenue for the Outdoor segment. The company continues to emphasize its "best customers" and leverage momentum with national accounts and specialty retailers.
4. Product Innovation and Strategic Simplification: Clarus is implementing strategic simplification efforts across its business segments, focusing on a more streamlined and profitable product mix. This includes reducing discontinued merchandise and renewing emphasis on product innovation to improve overall margins and enhance long-term profitability.
5. Market Expansion in the Americas and Europe for the Adventure Segment: Looking ahead, Clarus aims to unlock growth opportunities for its Adventure segment in the Americas and Europe. The company has taken steps such as opening a 3PL warehouse in the Netherlands to better serve customers in the Nordic, U.K., and broader European markets.
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Share Repurchases
- Clarus' board authorized a $50 million share repurchase program.
- No shares were repurchased under this program in the 12 months ending June 30, 2024.
Share Issuance
- Clarus' shares outstanding increased from 31.13 million in 2020 to 38.40 million as of November 2025.
- This includes an increase of 15.76% in 2021 and 3.44% in 2023.
Outbound Investments
- In October 2020, Clarus acquired certain assets and liabilities of the Barnes business.
- The company acquired Australia-based Rhino-Rack Holdings Pty Ltd for $198 million in July 2021, and Australia-based MaxTrax Australia Pty Ltd in December 2021.
- Clarus expanded its Adventure segment with the acquisition of Australia-based TRED Outdoors Pty Ltd in October 2023, and RockyMounts in December 2024, which specializes in bicycle transport products.
Capital Expenditures
- Capital expenditures were $6.7 million in 2024 and $5.7 million in 2023.
- Capital expenditures for 2025 are expected to range between $4 million to $5 million.
- The company's capital allocation has focused on investments in global marketing, operational improvements, and e-commerce initiatives, particularly for the Adventure segment.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Clarus Earnings Notes | ||
| How Low Can Clarus Stock Really Go? | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to CLAR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 10.7% | 10.7% | 0.0% |
| 11262025 | HRB | H&R Block | 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 | 3.9% | 3.9% | -0.1% |
| 11262025 | LRN | Stride | 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 | 3.8% | 3.8% | -4.4% |
| 11212025 | ABNB | Airbnb | 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 | 19.9% | 19.9% | 0.0% |
| 11212025 | MTN | Vail Resorts | 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 | 7.5% | 7.5% | -1.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Clarus
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 31.86 |
| Mkt Cap | 3.3 |
| Rev LTM | 4,274 |
| Op Inc LTM | 352 |
| FCF LTM | 176 |
| FCF 3Y Avg | 296 |
| CFO LTM | 280 |
| CFO 3Y Avg | 410 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.7% |
| Rev Chg 3Y Avg | -0.7% |
| Rev Chg Q | 1.8% |
| QoQ Delta Rev Chg LTM | 0.5% |
| Op Mgn LTM | 6.8% |
| Op Mgn 3Y Avg | 7.1% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 5.4% |
| CFO/Rev 3Y Avg | 9.3% |
| FCF/Rev LTM | 3.7% |
| FCF/Rev 3Y Avg | 7.0% |
Price Behavior
| Market Price | $3.39 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 05/27/1998 | |
| Distance from 52W High | -30.2% | |
| 50 Days | 200 Days | |
| DMA Price | $3.40 | $3.47 |
| DMA Trend | down | down |
| Distance from DMA | -0.4% | -2.3% |
| 3M | 1YR | |
| Volatility | 45.6% | 45.8% |
| Downside Capture | 47.14 | 135.51 |
| Upside Capture | -3.22 | 88.67 |
| Correlation (SPY) | 16.2% | 36.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.89 | 0.55 | 0.71 | 1.42 | 0.89 | 1.05 |
| Up Beta | -0.83 | -0.90 | -0.52 | 0.42 | 0.54 | 0.69 |
| Down Beta | 1.46 | 2.31 | 1.81 | 2.23 | 0.99 | 1.12 |
| Up Capture | 150% | 29% | 42% | 138% | 94% | 90% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 22 | 32 | 59 | 117 | 364 |
| Down Capture | 106% | 13% | 65% | 141% | 118% | 108% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 17 | 28 | 58 | 121 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of CLAR With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| CLAR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -28.9% | 3.1% | 14.7% | 67.3% | 6.8% | -0.5% | -16.6% |
| Annualized Volatility | 46.6% | 24.7% | 19.7% | 19.3% | 15.2% | 17.6% | 35.4% |
| Sharpe Ratio | -0.59 | 0.07 | 0.57 | 2.54 | 0.23 | -0.18 | -0.25 |
| Correlation With Other Assets | 41.5% | 37.9% | -0.8% | 14.4% | 33.0% | 23.6% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of CLAR With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| CLAR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -24.8% | 10.2% | 15.0% | 18.9% | 11.8% | 5.1% | 35.8% |
| Annualized Volatility | 51.7% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | -0.35 | 0.39 | 0.71 | 0.98 | 0.51 | 0.18 | 0.63 |
| Correlation With Other Assets | 43.6% | 41.5% | 6.0% | 13.2% | 38.9% | 24.5% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of CLAR With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| CLAR | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -7.0% | 13.3% | 14.9% | 14.9% | 6.7% | 5.5% | 69.9% |
| Annualized Volatility | 47.7% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.03 | 0.56 | 0.71 | 0.84 | 0.30 | 0.23 | 0.90 |
| Correlation With Other Assets | 46.0% | 44.6% | 5.2% | 17.1% | 40.3% | 18.9% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 12.9% | 3.8% | 6.6% |
| 7/31/2025 | -12.2% | -13.1% | 1.6% |
| 3/6/2025 | 4.0% | -4.7% | -14.7% |
| 11/8/2024 | 0.7% | 1.6% | 11.5% |
| 8/1/2024 | -13.9% | -22.7% | -24.9% |
| 3/7/2024 | 24.3% | 26.3% | 25.9% |
| 11/7/2023 | -11.7% | -11.5% | 5.4% |
| 8/7/2023 | 7.1% | -1.4% | -19.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 10 | 11 |
| # Negative | 5 | 9 | 8 |
| Median Positive | 4.1% | 7.5% | 6.6% |
| Median Negative | -12.2% | -11.5% | -17.0% |
| Max Positive | 24.3% | 26.3% | 27.7% |
| Max Negative | -21.6% | -22.7% | -27.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 7312025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 3062025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 3072024 | 10-K 12/31/2023 |
| 9302023 | 11072023 | 10-Q 9/30/2023 |
| 6302023 | 8072023 | 10-Q 6/30/2023 |
| 3312023 | 5012023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 9302022 | 11072022 | 10-Q 9/30/2022 |
| 6302022 | 8012022 | 10-Q 6/30/2022 |
| 3312022 | 5092022 | 10-Q 3/31/2022 |
| 12312021 | 3072022 | 10-K 12/31/2021 |
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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