CaliberCos (CWD)
Market Price (4/10/2026): $1.02 | Market Cap: $7.0 MilSector: Financials | Industry: Asset Management & Custody Banks
CaliberCos (CWD)
Market Price (4/10/2026): $1.02Market Cap: $7.0 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Real Estate Data Analytics, Show more. | Weak multi-year price returns2Y Excs Rtn is -127%, 3Y Excs Rtn is -165% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -38% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1257% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -61%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -32%, Rev Chg QQuarterly Revenue Change % is -52% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -60%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -60% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 172% 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 -308% High stock price volatilityVol 12M is 2063% Key risksCWD key risks include [1] a precarious financial position, Show more. |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Real Estate Data Analytics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -127%, 3Y Excs Rtn is -165% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -38% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1257% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -61%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -32%, Rev Chg QQuarterly Revenue Change % is -52% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -60%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -60% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 172% |
| 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 -308% |
| High stock price volatilityVol 12M is 2063% |
| Key risksCWD key risks include [1] a precarious financial position, Show more. |
Qualitative Assessment
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CaliberCos (CWD) stock has lost about 15% since 12/31/2025 because of the following key factors:
1. CaliberCos (CWD) reported a significant earnings miss for the fourth quarter of 2025, which negatively impacted investor sentiment. The company announced its Q4 2025 earnings on March 25, 2026, reporting an Earnings Per Share (EPS) of -$1.24, missing the consensus estimate of -$0.39 by $0.85, a miss of 217.95%. Quarterly revenue of $4.13 million also fell short of analysts' expectations. This earnings report contributed to a 9.23% drop in the stock price on March 25, 2026.
2. The company experienced significant share dilution due to an increase in authorized common stock and a large preferred equity conversion. On January 30, 2026, CaliberCos stockholders approved an increase in the company's authorized Class A common stock from 100 million to 500 million shares, effective January 31, 2026. This move introduces the potential for greater dilution of existing shareholders. Furthermore, on March 30, 2026, an institutional holder converted approximately $15.9 million of preferred equity into 63,472 common shares, further increasing the outstanding common equity.
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1. CaliberCos (CWD) reported a significant earnings miss for the fourth quarter of 2025, which negatively impacted investor sentiment. The company announced its Q4 2025 earnings on March 25, 2026, reporting an Earnings Per Share (EPS) of -$1.24, missing the consensus estimate of -$0.39 by $0.85, a miss of 217.95%. Quarterly revenue of $4.13 million also fell short of analysts' expectations. This earnings report contributed to a 9.23% drop in the stock price on March 25, 2026.
2. The company experienced significant share dilution due to an increase in authorized common stock and a large preferred equity conversion. On January 30, 2026, CaliberCos stockholders approved an increase in the company's authorized Class A common stock from 100 million to 500 million shares, effective January 31, 2026. This move introduces the potential for greater dilution of existing shareholders. Furthermore, on March 30, 2026, an institutional holder converted approximately $15.9 million of preferred equity into 63,472 common shares, further increasing the outstanding common equity.
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Stock Movement Drivers
Fundamental Drivers
The -16.1% change in CWD stock from 12/31/2025 to 4/9/2026 was primarily driven by a -62.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 12312025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.24 | 1.04 | -16.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 20 | -18.5% |
| P/S Multiple | 0.1 | 0.4 | 171.7% |
| Shares Outstanding (Mil) | 3 | 7 | -62.1% |
| Cumulative Contribution | -16.1% |
Market Drivers
12/31/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| CWD | -16.1% | |
| Market (SPY) | -5.4% | 52.6% |
| Sector (XLF) | -6.3% | 36.0% |
Fundamental Drivers
The -76.6% change in CWD stock from 9/30/2025 to 4/9/2026 was primarily driven by a -81.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.44 | 1.04 | -76.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 32 | 20 | -37.8% |
| P/S Multiple | 0.2 | 0.4 | 103.6% |
| Shares Outstanding (Mil) | 1 | 7 | -81.5% |
| Cumulative Contribution | -76.6% |
Market Drivers
9/30/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| CWD | -76.6% | |
| Market (SPY) | -2.9% | 40.0% |
| Sector (XLF) | -4.4% | 33.1% |
Fundamental Drivers
The -90.6% change in CWD stock from 3/31/2025 to 4/9/2026 was primarily driven by a -83.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.08 | 1.04 | -90.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 51 | 20 | -60.7% |
| P/S Multiple | 0.2 | 0.4 | 46.7% |
| Shares Outstanding (Mil) | 1 | 7 | -83.7% |
| Cumulative Contribution | -90.6% |
Market Drivers
3/31/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| CWD | -90.6% | |
| Market (SPY) | 16.3% | 8.2% |
| Sector (XLF) | 4.1% | 11.5% |
Fundamental Drivers
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Market Drivers
3/31/2023 to 4/9/2026| Return | Correlation | |
|---|---|---|
| CWD | ||
| Market (SPY) | 63.3% | 6.2% |
| Sector (XLF) | 66.7% | 8.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CWD Return | - | - | -78% | -46% | -91% | -15% | -99% |
| Peers Return | 19% | -39% | 93% | -9% | 5% | -2% | 30% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| CWD Win Rate | - | - | 25% | 42% | 25% | 0% | |
| Peers Win Rate | 57% | 40% | 58% | 48% | 45% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CWD Max Drawdown | - | - | -79% | -66% | -98% | -22% | |
| Peers Max Drawdown | -9% | -47% | -12% | -23% | -21% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KW, FPH, FOR, STWD, DFH.
[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 4/9/2026 (YTD)
How Low Can It Go
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About CaliberCos (CWD)
Caliber is a leading vertically integrated asset management firm, whose primary goal is to enhance the wealth of investors seeking to make investments in middle-market assets. We strive to build wealth for our investor clients by creating, managing, and servicing proprietary products including middle-market investment funds, private syndications, and direct investments. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities. We earn asset management fees calculated as a percentage of managed capital in our Funds and Offerings. We market our services through direct sales to private investors, wholesaling to investment advisers, direct sales to family offices and institutions and through in-house client services. We believe that we provide investors attractive risk-adjusted returns by offering a balance of (i) structured offerings and ease of ownership, (ii) a pipeline of investment opportunities, primarily projects that range in value between $5.0 million and $50.0 million, and (iii) an integrated execution and processing platform. Our investment strategy leverages the local market intelligence and real-time data we gain from our operations to evaluate current investments, generate proprietary transaction flow, and implement various asset management strategies. Our Company was originally founded as Caliber Companies, LLC, organized under the laws of Arizona, and commenced operations in January 2009. In 2014, the Company was reorganized as CaliberCos Inc., as a Nevada corporation. In June 2018, we reincorporated in the state of Delaware. Our corporate office is located at 8901 E. Mountain View Rd. Ste 150, Scottsdale, Arizona.
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- Blackstone for middle-market private real estate and private equity.
- A specialized fund manager similar to a smaller KKR, but focused on private real estate and debt investments.
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- Asset Management: Managing proprietary investment products and client capital to generate returns for investors.
- Middle-Market Investment Funds: Pooled investment vehicles focused on real estate, private equity, and debt facilities.
- Private Syndications: Structured investment opportunities where a group of investors co-invest in specific projects.
- Direct Investments: Opportunities for investors to make direct investments in middle-market assets.
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CaliberCos (CWD) is an asset management firm whose customers are investors seeking to grow their wealth through its proprietary investment products and funds. Based on the company description, CaliberCos serves a diverse base of investors, which can be categorized as follows:
- Private Investors: These are individual investors who directly purchase CaliberCos's investment products and services.
- Investment Advisers: CaliberCos wholesales its offerings to investment advisers, who then likely allocate their clients' capital into CaliberCos's funds.
- Family Offices and Institutions: These represent sophisticated, large-scale investors, including wealth management entities for high-net-worth families and various other institutional organizations, who invest directly with CaliberCos.
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Chris Loeffler, Chief Executive Officer
Chris Loeffler co-founded Caliber in 2009 and oversees all acquisitions, manages investment funds, and builds strategic partnerships. Before co-founding Caliber, he left PwC to help structure the business. He began acquiring foreclosure properties at auctions in Phoenix, Arizona, in late 2008. In Caliber's first year, he facilitated the flipping of 150 homes and raised $18 million in private capital.
Jennifer Schrader, President, Co-Founder & Director
Jennifer Schrader co-founded Caliber in 2009 and is responsible for the company's daily operations, providing hands-on direction for all new construction and redevelopment projects. Prior to Caliber, she was the Managing Partner of First United Equites, LLC, a Michigan-based business focused on acquiring, renovating, and selling homes for profit. She studied architecture and interior architecture and began flipping homes in the early 2000s. She oversaw the acquisition, design, repositioning, and disposition of over $500 million in assets for Caliber.
Jade Leung, Chief Financial Officer
As CFO, Jade Leung is responsible for corporate financial planning, reporting, operational optimization, and risk management across Caliber's business units.
Greg James, Chief Operating Officer
Greg James leads all operational aspects of Caliber, including hospitality operations, people operations, project management, information technology, legal, investor services, and fundraising operations.
Roy Bade, Chief Development Officer
Roy Bade serves as Caliber's Chief Development Officer.
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The key risks to CaliberCos's business are:1. Severe Financial Distress and Going Concern Risk
CaliberCos is facing severe financial distress, with its liabilities exceeding its assets, resulting in a negative shareholder equity of $17.6 million as of June 30, 2025. The company has been consistently unprofitable, reporting a net loss of $5.3 million in its most recent quarter, and is burning through cash, making it unable to fund its own operations. This financial instability has led to a notice from Nasdaq regarding non-compliance with the minimum stockholders' equity requirement for continued listing, raising substantial doubt about the company's ability to continue as a going concern. The company also has high debt levels and maturing obligations, necessitating reliance on new financing or refinancing efforts.2. Poor Revenue Growth and Industry Underperformance
CaliberCos has experienced disappointing revenue declines, including a 63% decrease in the last year and an aggregate 70% reduction over the past three years. The company's future outlook projects diminished returns, with an estimated 2.1% revenue decrease, in contrast to the industry's expected growth of 6.7%. Its relatively small scale and regional concentration make it challenging to compete effectively with larger industry players.3. Digital Asset Treasury (DAT) Strategy and Cryptocurrency Volatility
CaliberCos has recently adopted a "Digital Asset Treasury" strategy, allocating a portion of its cash reserves to acquire and stake Chainlink (LINK) tokens. This pivot into cryptocurrency introduces a new dimension of volatility and risk to the company's already precarious balance sheet. The inherent speculative nature and significant price fluctuations of cryptocurrencies mean that a collapse in token prices could lead to serious liquidity challenges for CaliberCos.AI Analysis | Feedback
Emergence and growth of technology-enabled direct investment and crowdfunding platforms specializing in alternative assets such as real estate and private equity.
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CaliberCos, a vertically integrated asset management firm, primarily focuses on investments in middle-market real estate, private equity, and debt facilities. The addressable markets for these services in the U.S. are substantial.
Addressable Market Sizes for CaliberCos's Main Products and Services:
- Real Estate Investment and Asset Management (U.S. Middle-Market): The market size for Real Estate Asset Management & Consulting in the U.S. was estimated at $95.1 billion in 2025. U.S. domiciled private real estate funds held approximately $829 billion in assets under management (AuM) as of September 2025. The overall U.S. real estate market size was estimated at $130.02 billion in 2024 and is projected to grow to $155.03 billion by 2026.
- Private Equity Investment and Asset Management (U.S. Middle-Market): The U.S. private equity market size was valued at $2,995 billion in 2024 and is expected to reach $6,584.6 billion by 2032. Another estimate places the U.S. private equity market size at $512.0 billion in 2025, with a projected growth to $1,237.4 billion by 2034. North America, which includes the U.S., dominated the global private equity market with a market share of 48.3% in 2025, with a valuation of $3,260.08 billion. U.S. domiciled private equity funds had approximately $5.06 trillion in assets under management as of September 2025. Middle-market companies, typically defined as those with $10 million to $1 billion in annual revenue, are a significant focus for private equity investors due to their growth potential.
- Debt Facilities and Investment (U.S. Middle-Market Private Debt): The U.S. private credit market was projected to be $1.34 trillion in 2025. U.S. private credit assets under management (AuM) were around $422 billion in 2025. Dry powder (undeployed capital) within U.S. direct lending funds reached a record $146 billion at the end of 2025. U.S. middle-market loan volume was $297 billion in 2024, with direct lending constituting 90% of middle-market leveraged buyout (LBO) lending, which itself reached $55 billion in 2024. Loans from U.S. banks to private credit providers reached approximately $300 billion as of June 2025.
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Expected Drivers of Future Revenue Growth for CaliberCos (CWD)
CaliberCos (CWD), a vertically integrated asset management firm, is strategically positioning itself for future revenue growth over the next 2-3 years through several key initiatives:- Expansion into Digital Asset Management: CaliberCos diversified its offerings in 2025 by launching a Digital Asset Treasury (DAT) strategy, primarily focused on investments in Chainlink's LINK token. This move expands the company from a pure real estate asset manager to a diversified alternative asset manager, with the staking of LINK tokens expected to generate an annual yield and new revenue streams.
- Increased Managed Capital through Scaling Fundraising Channels: The company anticipates revenue growth by scaling its fundraising capabilities and increasing its managed capital. CaliberCos has reported strong momentum in wholesale fundraising, with Q3 2025 production exceeding the entirety of 2024, and managed capital reaching $506 million. This growth in managed capital directly correlates with an increase in asset management fees.
- Expansion of the Hospitality Vertical through Strategic Partnerships: CaliberCos is enhancing its hospitality portfolio through strategic partnerships, notably a development rights agreement with Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels. This expansion within the hospitality vertical is a significant driver for future development and asset management fees. The company has also narrowed its real estate focus to include hospitality, multifamily, and multi-tenant industrial properties.
- Focus on Scalable Fee-Based Revenue Model: Management has emphasized a strategic shift towards scalable fee-based growth across its hospitality, multifamily, and multi-tenant real estate verticals. This approach underpins the growth in managed capital and new developments, as asset management fees are calculated as a percentage of managed capital, providing a consistent revenue source.
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Share Issuance
- Shareholders have experienced substantial dilution over the past year, with total shares outstanding increasing by 514.5%.
- CaliberCos expanded its share authorization and equity plan in February 2026, and previously sought a share increase and new equity plan terms in December 2025/January 2026, signaling intent for future issuances.
- In the last year, total shares outstanding increased by 42.30%.
Inbound Investments
- Caliber bolstered its capital base through a $15.9 million Perpetual Convertible Preferred Sale and an At-The-Market (ATM) activation to support its Digital Asset Strategy.
Outbound Investments
- Caliber has implemented a Digital Asset Treasury (DAT) strategy, making investments in Chainlink (LINK) tokens.
- As part of this DAT strategy, Caliber completed a $6.5 million purchase of Chainlink (LINK) tokens in September 2025.
- This September 2025 purchase, along with an initial system test transaction, brought Caliber's total stake in LINK tokens to $6.7 million.
Capital Expenditures
- Capital expenditures totaled $910,000 in the last 12 months.
- Upcoming events in 2026 include a Scottsdale hotel groundbreaking and first unit deliveries, indicating planned capital investments in real estate development.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| CaliberCos Earnings Notes | 12/16/2025 | |
| CaliberCos Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 | |
| Day 9 of Loss Streak for CaliberCos Stock with -42% Return (vs. -68% YTD) [9/30/2025] | 10/01/2025 | |
| ARTICLES | ||
| CWD Stock Down -42% after 9-Day Loss Streak | 10/01/2025 | |
| Market Movers | Winners: QMMM, EPSM, CWD | Losers: DGNX, SUIG, DUO | 09/10/2025 | |
| CWD Stock Up 160%: What Next For CaliberCos? | 08/29/2025 |
Trade Ideas
Select ideas related to CWD.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.1% | 3.1% | 0.0% |
| 03202026 | MKTX | MarketAxess | 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 | -5.2% | -5.2% | -5.7% |
| 03202026 | RYAN | Ryan Specialty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -2.7% | -2.7% | -8.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.55 |
| Mkt Cap | 1.3 |
| Rev LTM | 665 |
| Op Inc LTM | 55 |
| FCF LTM | 41 |
| FCF 3Y Avg | -12 |
| CFO LTM | 53 |
| CFO 3Y Avg | 22 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -4.3% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | -15.9% |
| QoQ Delta Rev Chg LTM | -2.3% |
| Op Mgn LTM | 10.9% |
| Op Mgn 3Y Avg | 9.4% |
| QoQ Delta Op Mgn LTM | -1.2% |
| CFO/Rev LTM | 4.0% |
| CFO/Rev 3Y Avg | 3.9% |
| FCF/Rev LTM | 1.3% |
| FCF/Rev 3Y Avg | -1.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.3 |
| P/S | 1.9 |
| P/EBIT | 5.4 |
| P/E | 7.9 |
| P/CFO | 5.1 |
| Total Yield | 12.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -3.5% |
| D/E | 1.6 |
| Net D/E | 1.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.2% |
| 3M Rtn | -7.4% |
| 6M Rtn | -7.7% |
| 12M Rtn | 1.4% |
| 3Y Rtn | 22.6% |
| 1M Excs Rtn | -2.8% |
| 3M Excs Rtn | -4.3% |
| 6M Excs Rtn | -11.1% |
| 12M Excs Rtn | -27.6% |
| 3Y Excs Rtn | -43.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 |
|---|---|
| Non- Controlling Interests - Consolidated Funds | 46 |
| Fund Management | 12 |
| Development | 3 |
| Brokerage | 1 |
| Intercompany Eliminations & Equity in Income | -6 |
| Total | 56 |
| $ Mil | 2025 |
|---|---|
| Brokerage | 1 |
| Development | 0 |
| Fund Management | -2 |
| Intercompany Eliminations & Equity in Income | -5 |
| Non- Controlling Interests - Consolidated Funds | -15 |
| Total | -21 |
Price Behavior
Price Behavior
| Market Price | $1.04 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 05/17/2023 | |
| Distance from 52W High | -90.6% | |
| 50 Days | 200 Days | |
| DMA Price | $1.22 | $2.56 |
| DMA Trend | down | down |
| Distance from DMA | -15.0% | -59.3% |
| 3M | 1YR | |
| Volatility | 80.4% | 2,075.7% |
| Downside Capture | 1.74 | 2.27 |
| Upside Capture | 267.59 | 35.48 |
| Correlation (SPY) | 45.4% | 9.0% |
CWD Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.83 | 3.44 | 3.39 | 2.59 | 8.99 | -3.77 |
| Up Beta | -3.68 | 1.87 | 2.53 | 3.22 | 11.42 | -4.58 |
| Down Beta | 6.53 | 5.11 | 3.22 | 1.90 | 0.62 | 0.46 |
| Up Capture | 281% | 455% | 467% | 84% | 19% | -3% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 19 | 26 | 47 | 91 | 296 |
| Down Capture | 142% | 215% | 274% | 255% | 169% | 111% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 10 | 21 | 33 | 72 | 151 | 383 |
[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 CWD | |
|---|---|---|---|---|
| CWD | -90.0% | 2,071.5% | 0.98 | - |
| Sector ETF (XLF) | 17.7% | 17.2% | 0.78 | 12.8% |
| Equity (SPY) | 29.1% | 17.4% | 1.36 | 8.8% |
| Gold (GLD) | 61.3% | 27.8% | 1.72 | 0.7% |
| Commodities (DBC) | 26.9% | 16.7% | 1.41 | 2.8% |
| Real Estate (VNQ) | 17.7% | 15.4% | 0.86 | 7.4% |
| Bitcoin (BTCUSD) | -10.9% | 43.9% | -0.14 | 2.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CWD | |
|---|---|---|---|---|
| CWD | -61.2% | 1,220.1% | 0.52 | - |
| Sector ETF (XLF) | 10.1% | 18.7% | 0.42 | 8.1% |
| Equity (SPY) | 11.4% | 17.0% | 0.52 | 6.2% |
| Gold (GLD) | 22.2% | 17.8% | 1.02 | 0.7% |
| Commodities (DBC) | 11.5% | 18.8% | 0.50 | 2.2% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 4.2% |
| Bitcoin (BTCUSD) | 3.6% | 56.5% | 0.29 | 1.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CWD | |
|---|---|---|---|---|
| CWD | -37.7% | 1,220.1% | 0.52 | - |
| Sector ETF (XLF) | 12.9% | 22.2% | 0.54 | 8.1% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 6.2% |
| Gold (GLD) | 14.1% | 15.9% | 0.74 | 0.7% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 2.2% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 4.2% |
| Bitcoin (BTCUSD) | 67.1% | 66.9% | 1.06 | 1.3% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/25/2026 | -9.2% | -23.8% | |
| 11/13/2025 | -15.5% | -25.6% | -38.3% |
| 8/14/2025 | 1.6% | -5.2% | 304.9% |
| 4/1/2025 | 0.5% | -5.5% | -97.9% |
| 11/13/2024 | -0.8% | -16.6% | -16.6% |
| 8/12/2024 | 2.8% | 15.2% | 20.2% |
| 4/15/2024 | 0.0% | -8.3% | -3.9% |
| 11/9/2023 | 10.1% | 11.6% | 5.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 2 | 3 |
| # Negative | 4 | 7 | 5 |
| Median Positive | 1.6% | 13.4% | 20.2% |
| Median Negative | -5.0% | -12.2% | -16.6% |
| Max Positive | 10.1% | 15.2% | 304.9% |
| Max Negative | -15.5% | -25.6% | -97.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 06/23/2023 | 10-Q |
| 12/31/2022 | 05/17/2023 | 424B4 |
| 09/30/2022 | 01/19/2023 | S-1/A |
| 06/30/2022 | 10/28/2022 | S-1/A |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Leung, Jade | CFO | Direct | Sell | 4102025 | 0.46 | 28,500 | 13,113 | 296,098 | Form |
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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