Hemab Therapeutics (COAG)


Market Price (8/14/2026): $55.02 | Market Cap: $1.7 BilSector: Health Care | Industry: Biotechnology

Hemab Therapeutics (COAG)


Market Price (8/14/2026): $55.02
Market Cap: $1.7 Bil
Sector: Health Care
Industry: Biotechnology

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

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28%

Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Targeted Therapies, and Biopharmaceutical R&D.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
3Y Excs Rtn is -15%

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

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -82 Mil

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.0%

Key risks
COAG key risks include [1] the potential failure of its novel and unproven product candidates to complete development and commercialization, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28%
1 Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Targeted Therapies, and Biopharmaceutical R&D.
2 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
3 Weak multi-year price returns
3Y Excs Rtn is -15%
4 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -82 Mil
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.0%
7 Key risks
COAG key risks include [1] the potential failure of its novel and unproven product candidates to complete development and commercialization, Show more.

COAG in ETFs

Weight = COAG's share of each fund

SCHA0.02%
SCHB0.00%
VTWO0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/12/2026

Hemab Therapeutics (COAG) stock has gained about 60% since it went public on 5/1/2026 because of the following key factors:

1. Hemab Therapeutics successfully completed an upsized Initial Public Offering (IPO) in May 2026, raising approximately $317.2 million in net proceeds. This significant capital infusion provided the clinical-stage biotechnology company with a strong financial foundation, extending its cash runway into 2029, crucial for funding ongoing research and development efforts.

2. The company presented promising Phase 2 long-term extension data for its lead candidate, sutacimig (HMB-001), in Glanzmann thrombasthenia (GT) at the ISTH 2026 Congress in July 2026. The data demonstrated a sustained 62% mean reduction in high-intensity annualized treated bleed event rates among participants, with 92% of those who bled during the run-in period experiencing reductions in treated bleed rates. The U.S. Food and Drug Administration (FDA) endorsed this clinical data as sufficient to proceed to a Phase 3 pivotal trial, planned for the second half of 2026.

Show more
Updated on 8/12/2026

Hemab Therapeutics (COAG) stock has gained about 60% since it went public on 5/1/2026 because of the following key factors:

1. Hemab Therapeutics successfully completed an upsized Initial Public Offering (IPO) in May 2026, raising approximately $317.2 million in net proceeds. This significant capital infusion provided the clinical-stage biotechnology company with a strong financial foundation, extending its cash runway into 2029, crucial for funding ongoing research and development efforts.

2. The company presented promising Phase 2 long-term extension data for its lead candidate, sutacimig (HMB-001), in Glanzmann thrombasthenia (GT) at the ISTH 2026 Congress in July 2026. The data demonstrated a sustained 62% mean reduction in high-intensity annualized treated bleed event rates among participants, with 92% of those who bled during the run-in period experiencing reductions in treated bleed rates. The U.S. Food and Drug Administration (FDA) endorsed this clinical data as sufficient to proceed to a Phase 3 pivotal trial, planned for the second half of 2026.

3. Hemab Therapeutics received favorable and escalating analyst coverage and price targets following its IPO. Several prominent investment firms initiated coverage with positive ratings, and as of August 12, 2026, analysts maintained a "Moderate Buy" consensus with an average price target of $51.40. Notably, Wedbush upgraded the stock and raised its price target from $55.00 to $64.00 on August 12, 2026, and HC Wainwright raised its price target to $60.00 on August 11, 2026, reflecting growing confidence in the company's future prospects.

4. The company demonstrated pipeline momentum with positive clinical data for HMB-002 and the introduction of HMB-003. First-in-human data for HMB-002 in Von Willebrand disease showed proof of mechanism with at least a 2.4-fold peak increase in Von Willebrand Factor (VWF) and Factor VIII (FVIII) levels, with preliminary observations indicating zero treated bleeds in 8 of 9 evaluable patients in the 28 days post-dose. Additionally, Hemab unveiled HMB-003, a novel program targeting heavy menstrual bleeding, with first-in-human studies planned for the second half of 2026.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

4/30/2026 to 8/13/2026
ReturnCorrelation
COAG  
Market (SPY)8.2%16.7%
Sector (XLV)15.3%-6.7%

Fundamental Drivers

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Market Drivers

1/31/2026 to 8/13/2026
ReturnCorrelation
COAG  
Market (SPY)12.7%16.7%
Sector (XLV)9.3%-6.7%

Fundamental Drivers

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Market Drivers

7/31/2025 to 8/13/2026
ReturnCorrelation
COAG  
Market (SPY)24.1%16.7%
Sector (XLV)30.8%-6.7%

Fundamental Drivers

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Market Drivers

7/31/2023 to 8/13/2026
ReturnCorrelation
COAG  
Market (SPY)75.9%16.7%
Sector (XLV)31.4%-6.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
COAG Return-----57%57%
Peers Return8%5%-39%42%0%40%39%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
COAG Win Rate-----75% 
Peers Win Rate50%47%22%42%43%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
COAG Max Drawdown------ 
Peers Max Drawdown-30%-30%-52%-37%-40%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PFE, BMRN, QURE, CBIO.
[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 8/13/2026 (YTD)

How Low Can It Go

COAG has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2025 US Tariff Shock
  % Loss-11.7%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven142 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.8%-24.5%
  % Gain to Breakeven15.9%32.4%
  Time to Breakeven166 days427 days
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.0%-19.2%
  % Gain to Breakeven17.6%23.8%
  Time to Breakeven191 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.9%-12.2%
  % Gain to Breakeven18.9%13.9%
  Time to Breakeven165 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-15.8%-17.9%
  % Gain to Breakeven18.8%21.8%
  Time to Breakeven153 days123 days

Compare to PFE, BMRN, QURE, CBIO

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

COAG has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-37.9%-53.4%
  % Gain to Breakeven61.1%114.4%
  Time to Breakeven767 days1085 days

Compare to PFE, BMRN, QURE, CBIO

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Hemab Therapeutics (COAG)

Hemab Therapeutics (COAG) is a clinical-stage biotechnology company dedicated to developing innovative therapies for blood coagulation disorders. These conditions, which include serious bleeding and thrombotic diseases, often impose a significant lifelong burden on patients due to a lack of effective prophylactic treatments or limitations with current approaches. Hemab's core mission is to establish itself as a leader in the coagulation field by discovering, developing, and commercializing new medicines.

The company's primary product candidates target specific coagulation disorders with high unmet needs. Its lead asset, sutacimig (HMB-001), is a bispecific antibody in Phase 1/2 clinical development for Glanzmann thrombasthenia and Phase 2 for Factor VII deficiency, conditions affecting an estimated 10,000 patients globally. Hemab's second clinical-stage asset, HMB-002, is a monovalent antibody in Phase 1/2 development for the subcutaneous prophylactic treatment of Von Willebrand Disease, a condition estimated to affect 120,000 patients. The company also maintains a pipeline of preclinical and discovery-stage assets.

Hemab aims to establish a leading coagulation franchise through its "Hemab 2x3 by 2030" strategic roadmap, targeting two commercial medicines, two new late-stage, and two new early-stage clinical programs by 2030. The primary customers are patients suffering from these rare coagulation disorders, and the company intends to commercialize its assets in key geographies including the United States, the European Union, Japan, the Gulf Cooperation Council countries, and other select regions, believing the addressable patient population could expand with increased awareness and new treatment options.

AI Analysis | Feedback

Here are a few analogies to describe Hemab Therapeutics (COAG):

  • Vertex Pharmaceuticals for blood coagulation disorders.

  • Intuitive Surgical for blood coagulation therapies.

AI Analysis | Feedback

  • sutacimig (HMB-001): A bispecific antibody currently in clinical development for the prophylactic treatment of Glanzmann thrombasthenia and Factor VII deficiency.
  • HMB-002: A monovalent antibody in clinical development for the subcutaneous prophylactic treatment of Von Willebrand Disease.

AI Analysis | Feedback

Hemab Therapeutics (COAG) is a clinical-stage biotechnology company. As described in the background information, the company's product candidates are currently in Phase 1/2 and Phase 2 clinical development and have not yet received regulatory approval or been commercialized. Therefore, Hemab Therapeutics does not currently have major customers, as it is not selling any products.

AI Analysis | Feedback

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AI Analysis | Feedback

Benny Sorensen, MD, PhD, Chief Executive Officer
Benny Sorensen co-founded Hemab Therapeutics in 2020. He joined Hemab as CEO from Codiak Biosciences, where he served as Senior Vice President, Strategic Projects, and was involved in building the company and advancing its first engineered exosome therapeutics from idea to clinical proof of concept. Prior to Codiak, he was Senior Director of Clinical Research at Alnylam Pharmaceuticals, leading the development of fitusiran and other hematology products. He also served as a Global Medical Director at Baxter Healthcare Corporation, advancing the pivotal development of Adynovate® and Vonvendi®. Hemab has secured funding from private equity firms such as Novo Holdings, HealthCap, RA Capital Management, Access Biotechnology, Deep Track Capital, Avoro Ventures, Invus, Rock Springs Capital, and Maj Invest Equity.

Mads Behrndt, Chief Financial Officer
Mads Behrndt was appointed Chief Financial Officer of Hemab in September 2021. He brings over 14 years of financial experience in international capital markets and business development. Before joining Hemab, he was a Partner at PwC's Corporate Finance team, where he led and executed private and public company financings and M&A transactions. Hemab is backed by a syndicate of top-tier investors.

Kate Madigan, MD, Chief Medical Officer
Kate Madigan was appointed Chief Medical Officer of Hemab in January 2025. Previously, she served as Chief Medical Officer at Syndax Pharmaceuticals, where she led the U.S. Food and Drug Administration (FDA) approvals of Revuforj and Niktimvo. Her extensive leadership experience also includes roles as Senior Medical Director at Alnylam Pharmaceuticals and Medical Director within Biogen's Rare Disease Innovation Unit.

Anant Murthy, PhD, Chief Operating Officer
Anant Murthy was appointed Chief Operating Officer of Hemab in September 2025. In this role, he is responsible for leading the company's global efforts in market access, launch, and commercialization of Hemab's pipeline.

Caroline Rasmussen, DVM, PhD, Vice President, Nonclinical Development
Caroline Rasmussen serves as Vice President, Nonclinical Development at Hemab, bringing over a decade of experience in nonclinical development, from early drug development to marketing authorization. She began her career at Novo Nordisk A/S, focusing primarily on the hemostasis portfolio. Most recently, she was Director of Toxicology and Safety Pharmacology at Ascendis Pharma A/S.

AI Analysis | Feedback

The key risks for Hemab Therapeutics (COAG) are:

  1. The risk that its novel and unproven product candidates may not successfully complete clinical development, receive regulatory approval, or be effectively commercialized. This is due to the early stage of development, the lack of established prophylactic therapies to inform endpoint selection and trial design, and the inherent uncertainties of clinical trials.
  2. The risk of failing to achieve its strategic goals outlined in the "Hemab 2x3 by 2030" roadmap, which aims to build a franchise consisting of two commercial medicines, two new late-stage clinical programs, and two new early-stage clinical programs by 2030.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable markets for Hemab Therapeutics' main products are:

  • Glanzmann thrombasthenia and Factor VII deficiency: approximately 10,000 patients. This market size is for the United States, the European Union, Japan, the Gulf Cooperation Council countries, and other select regions.
  • Von Willebrand Disease: approximately 120,000 patients. This market size is for the United States, the European Union, Japan, the Gulf Cooperation Council countries, and other select regions.

AI Analysis | Feedback

Hemab Therapeutics (NASDAQ: COAG) is a clinical-stage biotechnology company focused on developing therapies for blood coagulation disorders. As a pre-revenue company, its future revenue growth over the next two to three years will be primarily driven by the successful advancement and potential commercialization of its pipeline assets.

The key expected drivers of future revenue growth for Hemab Therapeutics include:

  1. Successful progression of sutacimig (HMB-001) through late-stage clinical trials for Glanzmann thrombasthenia and Factor VII deficiency. sutacimig is the company's lead asset, poised to enter a Phase 3 clinical trial for Glanzmann thrombasthenia in the second half of 2026. It is being developed as the first prophylactic treatment for Glanzmann thrombasthenia, a severe bleeding disorder. Additionally, Phase 2 clinical data for sutacimig in Factor VII deficiency is anticipated in late 2026 or early 2027. Positive outcomes from these trials are crucial steps toward regulatory approval and eventual commercial launch.
  2. Advancement of HMB-002 into late-stage clinical development for Von Willebrand Disease. HMB-002, a monovalent antibody, is currently in Phase 1/2 clinical development for the subcutaneous prophylactic treatment of Von Willebrand Disease, the most common inherited bleeding disorder. Hemab aims to advance HMB-002 towards a registration study. Successful progression through clinical development for this asset could unlock access to a significantly larger patient population and represent a substantial future revenue stream.
  3. Expansion of the pipeline with new clinical-stage assets, such as HMB-003. Hemab's strategic roadmap, "Hemab 2x3 by 2030," includes building a franchise with two new early-stage clinical programs by 2030. The company expects to announce HMB-003, another novel drug candidate, in the first half of 2026. The successful advancement of these new programs into clinical development could broaden Hemab's portfolio and establish additional platforms for future revenue generation, potentially through milestone payments from partnerships or eventual product commercialization.

AI Analysis | Feedback

Share Repurchases

Hemab Therapeutics has not reported any share repurchases for the trailing twelve months ending December 2025, with a reported value of $0.00 million. As a recently public, clinical-stage biotechnology company, it has not engaged in share buyback programs.

Share Issuance

  • Hemab Therapeutics completed its Initial Public Offering (IPO) on May 1, 2026, raising $302 million by offering 16.8 million shares at $18 per share.
  • The IPO was upsized to 16.75 million shares and priced at $18.00 per share, raising $301.5 million.
  • The underwriters fully exercised their option to purchase an additional 2,512,500 shares, bringing the total shares issued in the IPO to 19,262,500 at $18.00 per share.

Inbound Investments

  • In October 2025, Hemab Therapeutics closed a $157 million Series C financing round, led by Sofinnova Partners with participation from new and existing investors including Novo Holdings, RA Capital Management, and Avoro Capital Advisors.
  • The company secured a $135 million Series B financing round in 2023, with participation from investors such as Novo Holdings.
  • Hemab Therapeutics raised $55 million in a Series A financing round in 2021, co-led by Novo Holdings.

Capital Expenditures

  • Hemab Therapeutics reported minimal capital expenditures, with -$0.02 million for the year ending December 2025 and -$0.28 million for December 2024.

Peer Outperformance in Biotechnology

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Share of Biotechnology constituents that COAG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is COAG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 7 7.3%69.1%142.2% CAH 399% · MCK 343% · COR 173%
Health Care Services 20 20.4%33.2%7.3% HIMS 244% · RDNT 153% · DGX 76%
Managed Health Care 8 44.6%-6.2%5.5% OSCR 109% · HQY 54% · ELV 16%
Health Care Facilities 24 8.4%-10.5%-15.0% THC 281% · NHC 236% · ENSG 120%
Health Care Equipment 51 -2.5%-12.3%-17.5% POCI 10400% · UFPT 413% · GKOS 287%
Health Care Supplies 12 33.7%-14.2%-26.0% LNTH 296% · HAE 48% · MMSI 37%
Pharmaceuticals 63 0.7%-3.0%-38.7% LQDA 2611% · INDV 1499% · ETON 823%
Health Care Technology 21 -20.3%-53.8%-71.8% SPOK 135% · TALK 0% · HSTM -3%
Life Sciences Tools & Services 108 -1.7%-35.0%-74.3% SNWV 1847% · ELMD 264% · MEDP 228%
Biotechnology ← 365 5.5%-31.6%-79.0% BRTX 110000% · CELZ 1671% · DNTH 1599%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

COAGPFEBMRNQURECBIOMedian
NameHemab Th.Pfizer BioMarin.uniQure Crescent. 
Mkt Price53.9526.8068.53-16.6340.38
Mkt Cap1.6152.713.3-0.57.4
Rev LTM063,6953,407-121,709
Op Inc LTM-8217,019149--16834
FCF LTM-7310,985725--154326
FCF 3Y Avg-9,411543--4,977
CFO LTM-7313,401857--73392
CFO 3Y Avg-12,198651--6,424

Growth & Margins

COAGPFEBMRNQURECBIOMedian
NameHemab Th.Pfizer BioMarin.uniQure Crescent. 
Rev Chg LTM--0.2%11.2%--5.5%
Rev Chg 3Y Avg--5.2%15.1%--4.9%
Rev Chg Q-2.6%19.9%--11.3%
QoQ Delta Rev Chg LTM-0.6%5.1%-0.0%0.6%
Op Inc Chg LTM-2.1%-80.8%---39.3%
Op Inc Chg 3Y Avg-233.9%80.3%--157.1%
Op Mgn LTM-26.7%4.4%--1,417.7%4.4%
Op Mgn 3Y Avg-18.7%13.8%--16.2%
QoQ Delta Op Mgn LTM--0.5%-5.3%--44.9%-5.3%
CFO/Rev LTM-21.0%25.2%--611.6%21.0%
CFO/Rev 3Y Avg-19.7%21.0%--20.3%
FCF/Rev LTM-17.2%21.3%--1,292.8%17.2%
FCF/Rev 3Y Avg-15.1%17.4%--16.2%

Valuation

COAGPFEBMRNQURECBIOMedian
NameHemab Th.Pfizer BioMarin.uniQure Crescent. 
Mkt Cap1.6152.713.3-0.57.4
P/S-2.43.9-42.73.9
P/Op Inc-19.79.088.8--3.03.0
P/EBIT-19.722.157.0--3.19.5
P/E-21.835.3181.6--3.116.1
P/CFO-22.411.415.5--7.02.2
Total Yield-4.6%9.2%0.6%--32.5%-2.0%
Dividend Yield0.0%6.4%0.0%-0.0%0.0%
FCF Yield 3Y Avg-6.7%4.8%--5.8%
D/E0.00.40.3-0.00.2
Net D/E-0.30.30.3--0.3-0.0

Returns

COAGPFEBMRNQURECBIOMedian
NameHemab Th.Pfizer BioMarin.uniQure Crescent. 
1M Rtn24.6%12.4%16.9%-8.7%14.7%
3M Rtn90.2%5.9%28.7%--21.7%17.3%
6M Rtn58.7%0.9%14.3%-80.2%36.5%
12M Rtn58.7%14.0%17.5%-19.6%18.6%
3Y Rtn58.7%-9.9%-24.1%-5.3%-2.3%
1M Excs Rtn21.5%6.9%13.3%-3.1%10.1%
3M Excs Rtn84.1%0.3%23.2%--20.0%11.7%
6M Excs Rtn46.3%-12.4%1.3%-63.6%23.8%
12M Excs Rtn37.7%-4.6%-0.5%-7.1%3.3%
3Y Excs Rtn-14.7%-82.1%-97.7%--68.0%-75.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024
Research and development of prophylactic therapeutics for bleeding disorders00
Total00


Net Income by Segment
$ Mil20252024
Research and development of prophylactic therapeutics for bleeding disorders-64-49
Total-64-49


Price Behavior

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COAG Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.301.46-1.300.09-0.06-0.08
Up Beta0.873.75-1.300.96-0.631.36
Down Beta0.422.001.04-6.98-3.24-1.27
Up Capture410%270%250%104%46%4%
Bmk +ve Days11223567138427
Stock +ve Days152634343434
Down Capture-26%-113%85%44%29%16%
Bmk -ve Days11212859114326
Stock -ve Days71627272727

[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 COAG
COAG59.0%100.0%2.11-
Sector ETF (XLV)30.2%15.5%1.49-6.7%
Equity (SPY)22.2%12.8%1.2916.7%
Gold (GLD)29.6%28.5%0.9020.9%
Commodities (DBC)36.9%20.1%1.45-16.3%
Real Estate (VNQ)15.2%13.9%0.781.4%
Bitcoin (BTCUSD)-47.3%42.9%-1.37-1.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with COAG
COAG9.7%100.0%2.11-
Sector ETF (XLV)6.4%15.0%0.24-6.7%
Equity (SPY)13.5%17.2%0.6116.7%
Gold (GLD)18.8%18.6%0.8220.9%
Commodities (DBC)9.2%19.6%0.36-16.3%
Real Estate (VNQ)2.2%18.9%0.011.4%
Bitcoin (BTCUSD)9.2%52.8%0.36-1.7%

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 COAG
COAG4.7%100.0%2.11-
Sector ETF (XLV)10.2%16.6%0.50-6.7%
Equity (SPY)15.5%17.9%0.7316.7%
Gold (GLD)11.9%16.2%0.6020.9%
Commodities (DBC)7.7%18.0%0.34-16.3%
Real Estate (VNQ)4.9%20.7%0.201.4%
Bitcoin (BTCUSD)60.3%66.1%1.00-1.7%

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Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity2.0 Mil
Short Interest: % Change Since 715202622.9%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest4.2 days
Basic Shares Quantity30.1 Mil
Short % of Basic Shares6.8%

Earnings Returns History

Updated 8/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/20263.7%  
5/21/2026-0.6%5.8%19.9%
SUMMARY STATS   
# Positive111
# Negative100
Median Positive3.7%5.8%19.9%
Median Negative-0.6%  
Max Positive3.7%5.8%19.9%
Max Negative-0.6%  
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/20263.7%  
5/21/2026-0.6%5.8%19.9%
SUMMARY STATS   
# Positive111
# Negative100
Median Positive3.7%5.8%19.9%
Median Negative-0.6%  
Max Positive3.7%5.8%19.9%
Max Negative-0.6%  

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/11/202610-Q
03/31/202605/21/202610-Q
12/31/202505/01/2026424B4
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/11/202610-Q
03/31/202605/21/202610-Q
12/31/202505/01/2026424B4

Recent Forward Guidance

Updated 8/12/2026

Latest: Q2 2026 Earnings Reported 8/11/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2029 Cash Runway      

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Insider Activity

Updated 6/17/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Ra, Capital Management, LPSee footnotesBuy617202624.9861,5231,536,845160,987,032Form
2Ra, Capital Management, LPSee footnotesBuy617202624.896,146152,974158,875,707Form
3Ra, Capital Management, LPSee footnotesBuy521202624.9499624,840159,041,582Form
4Ra, Capital Management, LPSee footnotesBuy521202624.973,80294,936159,208,021Form
5Ra, Capital Management, LPSee footnotesBuy514202624.906,387159,036158,667,033Form
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Ra, Capital Management, LPSee footnotesBuy617202624.9861,5231,536,845160,987,032Form
2Ra, Capital Management, LPSee footnotesBuy617202624.896,146152,974158,875,707Form
3Ra, Capital Management, LPSee footnotesBuy521202624.9499624,840159,041,582Form
4Ra, Capital Management, LPSee footnotesBuy521202624.973,80294,936159,208,021Form
5Ra, Capital Management, LPSee footnotesBuy514202624.906,387159,036158,667,033Form
6Ra, Capital Management, LPSee footnotesBuy511202624.8139,869989,226157,947,233Form
7Ra, Capital Management, LPSee footnotesBuy511202624.981,48337,045158,021,332Form
8Ra, Capital Management, LPSee footnotesBuy511202624.469,906242,323154,709,711Form
9Ra, Capital Management, LPSee footnotesBuy506202624.6068,0181,673,399155,351,842Form
10Ra, Capital Management, LPSee footnotesBuy506202624.6397,4112,399,546153,871,567Form
11Ra, Capital Management, LPSee footnotesBuy506202618.002,675,00048,150,000110,683,728Form
Core Cache Last Updated: 8/13/2026