Camping World (CWH)
Market Price (12/28/2025): $10.15 | Market Cap: $636.8 MilSector: Consumer Discretionary | Industry: Automotive Retail
Camping World (CWH)
Market Price (12/28/2025): $10.15Market Cap: $636.8 MilSector: Consumer DiscretionaryIndustry: Automotive Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% | Weak multi-year price returns2Y Excs Rtn is -106%, 3Y Excs Rtn is -129% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 556% |
| Attractive yieldDividend Yield is 5.3% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Outdoor Recreational Travel, and RV & Camping Lifestyle Products. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.8% | |
| 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 -7.4% | ||
| Key risksCWH key risks include [1] exceptionally high financial leverage, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% |
| Attractive yieldDividend Yield is 5.3% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Outdoor Recreational Travel, and RV & Camping Lifestyle Products. |
| Weak multi-year price returns2Y Excs Rtn is -106%, 3Y Excs Rtn is -129% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 556% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.0% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.8% |
| 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 -7.4% |
| Key risksCWH key risks include [1] exceptionally high financial leverage, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Based on the performance of Camping World (CWH) from approximately August 31, 2025, to December 28, 2025, the stock experienced a significant decline, attributable to several key factors.
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<b>1. Continued Unprofitability Despite Operational Growth:</b> While Camping World reported strong adjusted EBITDA growth of over 40% and a 4.7% increase in revenue for Q3 2025, exceeding analyst estimates, the company still posted a GAAP net loss of $(29.4) million and a diluted loss per share of $(0.64). This indicated persistent challenges in achieving overall profitability despite operational improvements and record used vehicle unit volumes.
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<b>2. Conservative Outlook and Macroeconomic Headwinds:</b> Management expressed a cautious outlook for 2026, setting a conservative adjusted EBITDA floor and anticipating consumer resistance to new RV demand due to affordability concerns and rising prices. Analysts echoed these sentiments, noting sluggish post-pandemic demand in the RV industry and risks stemming from weak consumer confidence.
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<b>3. Negative Analyst Forecasts for Upcoming Quarters:</b> Analysts projected continued financial struggles, forecasting negative earnings per share for Q4 2025, which likely contributed to investor apprehension regarding the company's near-term profitability.
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<b>4. Concerns over Share Dilution:</b> Projections indicated an expected annual increase in the number of outstanding shares by 7% over the next three years. Such dilution could offset potential per-share earnings growth, raising concerns for existing shareholders.
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<b>5. Weak Same-Store Sales Performance:</b> Disappointing same-store sales figures over the preceding two years suggested that Camping World's product selection and overall store experience were not resonating effectively with customers.
Show moreStock Movement Drivers
Fundamental Drivers
The -37.5% change in CWH stock from 9/27/2025 to 12/27/2025 was primarily driven by a -38.2% change in the company's P/S Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 16.30 | 10.18 | -37.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6318.92 | 6400.05 | 1.28% |
| P/S Multiple | 0.16 | 0.10 | -38.22% |
| Shares Outstanding (Mil) | 62.61 | 62.73 | -0.20% |
| Cumulative Contribution | -37.55% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| CWH | -37.5% | |
| Market (SPY) | 4.3% | 27.3% |
| Sector (XLY) | 1.8% | 40.6% |
Fundamental Drivers
The -43.5% change in CWH stock from 6/28/2025 to 12/27/2025 was primarily driven by a -45.5% change in the company's P/S Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 18.02 | 10.18 | -43.51% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6149.48 | 6400.05 | 4.07% |
| P/S Multiple | 0.18 | 0.10 | -45.55% |
| Shares Outstanding (Mil) | 62.53 | 62.73 | -0.33% |
| Cumulative Contribution | -43.51% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| CWH | -43.5% | |
| Market (SPY) | 12.6% | 28.4% |
| Sector (XLY) | 11.9% | 44.3% |
Fundamental Drivers
The -49.2% change in CWH stock from 12/27/2024 to 12/27/2025 was primarily driven by a -38.7% change in the company's Shares Outstanding (Mil).| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 20.05 | 10.18 | -49.24% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6004.84 | 6400.05 | 6.58% |
| P/S Multiple | 0.15 | 0.10 | -33.94% |
| Shares Outstanding (Mil) | 45.23 | 62.73 | -38.70% |
| Cumulative Contribution | -56.84% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| CWH | -49.2% | |
| Market (SPY) | 17.0% | 48.2% |
| Sector (XLY) | 7.0% | 57.0% |
Fundamental Drivers
The -46.9% change in CWH stock from 12/28/2022 to 12/27/2025 was primarily driven by a -49.4% change in the company's Shares Outstanding (Mil).| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 19.15 | 10.18 | -46.85% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7064.30 | 6400.05 | -9.40% |
| P/S Multiple | 0.11 | 0.10 | -12.34% |
| Shares Outstanding (Mil) | 41.98 | 62.73 | -49.42% |
| Cumulative Contribution | -59.83% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| CWH | -60.3% | |
| Market (SPY) | 48.0% | 45.6% |
| Sector (XLY) | 37.7% | 51.8% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CWH Return | 90% | 61% | -40% | 25% | -18% | -50% | -5% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| CWH Win Rate | 58% | 50% | 33% | 58% | 42% | 33% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| CWH Max Drawdown | -73% | 0% | -44% | -22% | -33% | -54% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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 12/26/2025 (YTD)
How Low Can It Go
| Event | CWH | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -65.9% | -25.4% |
| % Gain to Breakeven | 193.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -77.0% | -33.9% |
| % Gain to Breakeven | 335.4% | 51.3% |
| Time to Breakeven | 61 days | 148 days |
| 2018 Correction | ||
| % Loss | -84.3% | -19.8% |
| % Gain to Breakeven | 537.7% | 24.7% |
| Time to Breakeven | 609 days | 120 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Camping World's stock fell -65.9% during the 2022 Inflation Shock from a high on 5/4/2021. A -65.9% loss requires a 193.2% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies for Camping World (CWH):
CarMax for RVs
AutoNation for RVs
Bass Pro Shops for RVs
AI Analysis | Feedback
- New and Used Recreational Vehicles (RVs): Sales of a wide range of new and pre-owned motorhomes, travel trailers, and other RV types.
- RV Parts and Accessories: Retail of essential components, upgrades, and lifestyle products for recreational vehicles and outdoor living.
- RV Service and Maintenance: Comprehensive repair, maintenance, collision, and installation services for all types of recreational vehicles.
- RV Financing and Insurance: Facilitating financing for RV purchases and offering various insurance products tailored for RV owners.
- RV Membership Programs: Operating membership clubs providing benefits such as discounts on campgrounds, parts, and services.
AI Analysis | Feedback
Camping World (CWH) primarily sells to individual consumers rather than other companies. As a leading retailer of recreational vehicles (RVs) and related products and services, its business model is centered on serving the needs of people who purchase RVs for personal use. Below are up to three categories of customers that Camping World serves:- First-Time & Family RV Buyers: This category includes individuals and families new to the RV lifestyle, often seeking an affordable and flexible way to travel, explore national parks, or enjoy family vacations. They might be interested in a range of RV types, from towables (travel trailers, fifth wheels) to smaller motorhomes.
- Experienced RVers & Retirees: This segment comprises individuals or couples, frequently retirees or those approaching retirement, who have prior RV experience or are looking for an RV to support extended travel, "snowbirding," or full-time living. They often seek larger, more luxurious motorhomes or well-appointed towables for comfort and long-term use.
- Outdoor & Lifestyle Enthusiasts: These customers use RVs to support specific hobbies and outdoor activities such as camping, tailgating, motorsports, fishing, or hunting. Their RV choice might be influenced by factors like cargo capacity for gear, off-grid capabilities, or specific layouts that cater to their recreational pursuits.
AI Analysis | Feedback
Marcus Lemonis, Chairman and Chief Executive Officer
Marcus Lemonis is a co-founder of Camping World and has served as its Chairman and Chief Executive Officer since its formation. He was previously the CEO of Holiday RV Superstores Inc. from June 2001 to February 2003. Lemonis co-founded FreedomRoads, which acquired RV dealerships, and in 2006, FreedomRoads merged with Camping World, with Lemonis becoming CEO. In 2011, the company merged with Good Sam Enterprises, where Lemonis continued to lead. He also serves as the CEO of Good Sam Club and Gander Outdoors. Lemonis is widely recognized as the star of CNBC's reality show "The Profit," where he invests in and advises struggling small businesses. His early exposure to the automotive industry came through his great uncle, who owned two of the largest Chevrolet dealerships in the United States, and he was mentored by Lee Iacocca, who helped him establish Holiday RV Superstores.
Thomas E. Kirn, Chief Financial Officer
Thomas E. Kirn has served as Camping World Holdings, Inc.'s Chief Financial Officer since July 2024. Prior to this role, he was the Chief Accounting Officer from September 2020 to July 2024. He also held the position of Chief Financial Officer for FreedomRoads, LLC, an indirect subsidiary of Camping World Holdings, Inc., from September 2019 to September 2020. Before joining FreedomRoads, Mr. Kirn gained extensive experience at Ernst & Young, LLP, where he held various roles from 2009 to 2019, including Assurance Senior Manager.
Matthew D. Wagner, President
Matthew D. Wagner has been the President of Camping World Holdings, Inc. since July 2024. He previously served as Chief Operating Officer from January 2023 to July 2024. Mr. Wagner's career at the company began in 2007 as an inventory analyst, and he has since held several leadership positions, including Executive Vice President from August 2019 to December 2022 and Senior Vice President, Sales, Marketing, and Corporate Development from December 2018 to August 2019. He also served as the Vice President of Inventory Operations for FreedomRoads, LLC from May 2016 to December 2018.
Lindsey J. Christen, Chief Administrative and Legal Officer
Lindsey J. Christen has served as Camping World Holdings, Inc.'s Chief Administrative and Legal Officer since July 2023, and she has also been the Company's Secretary since June 2020. Before her current role, Ms. Christen was the Executive Vice President and General Counsel from February 2022 to July 2023. Her experience within the company includes serving as Assistant General Counsel of CWI, Inc., FreedomRoads, LLC, and Good Sam Enterprises, LLC, from January 2011 to June 2020.
Brenda Wintrow, Executive Vice President Of Operations
Brenda Wintrow holds the title of Executive Vice President of Operations at Camping World Holdings.
AI Analysis | Feedback
The key risks to Camping World's business (CWH) include its exposure to the cyclical nature of the RV industry and consumer discretionary spending, significant financial leverage, and inflationary cost pressures.
- Cyclical and Highly Competitive Industry with Affordability Squeeze: Camping World operates in an industry that sells discretionary products and services, making it highly susceptible to economic downturns, elevated interest rates, and weak consumer confidence. High interest rates and inflation negatively impact consumer finances, leading to a decline in demand for new RVs, reduced average selling prices, and a shift in consumer preference towards used vehicles. This competitive environment, coupled with an oversupplied market, makes it difficult for CWH to achieve pricing power.
- High Leverage and Debt Financing Costs: The company carries a substantial debt load, with a debt-to-capital ratio of 96% and total debt reported at nearly $3.78 billion as of Q3 2025. This high leverage, significantly above the industry average, results in substantial interest expenses that can negatively impact the company's profitability and financial health, particularly in a high-interest rate environment.
- Inflationary Pressures on Operating Costs: Camping World faces rising operational costs due to inflation, including increases in labor, materials, rent, and other overhead. If the company cannot increase the selling prices of its products and services at a rate proportional to these increased costs, or if higher prices deter consumer demand, its operating results and margins could be adversely affected.
AI Analysis | Feedback
A clear emerging threat to Camping World (CWH) is the significant growth of peer-to-peer RV rental platforms such as Outdoorsy and RVshare.
These platforms allow consumers to rent RVs directly from private owners, providing an accessible way to experience RV travel without the substantial upfront cost, financing commitments, insurance, maintenance, storage, and depreciation associated with RV ownership. This model directly competes with Camping World's core business of selling new and used RVs, parts, accessories, and related services, by offering an alternative solution that satisfies the desire for recreational vehicle experiences.
The increasing popularity of these rental services can diminish the incentive for potential buyers to purchase an RV, particularly those who use an RV only a few times a year or wish to "try before they buy." This shifts discretionary spending away from RV acquisition and towards rental fees, thereby impacting Camping World's sales volumes and revenue from associated ownership services.
AI Analysis | Feedback
Camping World Holdings, Inc. (CWH) operates in several segments within the recreational vehicle (RV) market, including RV sales, RV parts and accessories, RV service, and RV rentals.
Addressable Markets for Camping World's Main Products and Services:
- RV Sales: The North American RV market was valued at approximately $21.77 billion in 2025 and is projected to reach $32.54 billion by 2030. The U.S. recreational vehicle market alone is expected to reach approximately $48.8 billion in 2025.
- RV Parts and Accessories: The global RV functional accessories market is valued at approximately $2.5 billion in 2025 and is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. North America dominates this market.
- RV Service and Repair: The global RV repair service market was valued at $3.89 billion in 2024 and is expected to grow to $4.16 billion in 2025, reaching $8 billion by 2035. Specifically for North America, this market was valued at $1.66 billion in 2024 and is projected to increase to $3.05 billion by 2035.
- RV Rentals: The RV and camper van rental market in the U.S. is estimated at $942.6 million in 2025. The global RV rental market is valued at $2.72 billion in 2025 and is forecast to reach $3.62 billion by 2030.
AI Analysis | Feedback
Camping World Holdings (CWH) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:
- Growth in Used RV Sales: The company expects double-digit growth to continue in the used RV segment, which is seen as a key driver for future profitability. This focus is partly due to affordability being a top concern for consumers, making used RVs a compelling value proposition. Camping World has also built capabilities and scalability into its used RV supply chain to support this growth.
- Market Share Expansion: Camping World aims to increase its market share in both new and used RV sales. The company has set a medium-term target of achieving 20% market share of all new and used retail sales in North America, up from over 14% year-to-date. This expansion is supported by strategies such as contract manufacturing, expanded entry-level product offerings, and data-driven inventory management.
- Strategic Dealership Expansion and Consolidation: While consolidating some locations for efficiency, Camping World also plans strategic dealership additions to expand its market share. Dealership acquisitions are considered a potential source of upside for future revenue growth.
- Expansion of Good Sam Business: Camping World is actively exploring opportunities to expand its Good Sam business. The Good Sam services and plans have shown solid top-line growth and are considered a differentiator for the company, contributing to financial performance.
- Increased Average Selling Prices (ASPs) and New Unit Sales: After seeing sequential growth in ASPs for both new and used units, Camping World anticipates average selling prices to modestly increase year-over-year. The company also expects a modest year-over-year increase in new unit sales, based on its model year 2025 inventory strategy and successful negotiations on year-over-year pricing reductions for new units.
AI Analysis | Feedback
Here is a summary of Camping World's (CWH) capital allocation decisions over the last 3-5 years:Share Repurchases
- In January 2022, Camping World increased its stock repurchase program, with approximately $200 million remaining available for the repurchase of Class A common stock until December 31, 2025.
- Between November 2, 2020, and June 30, 2024, the company repurchased 7,392,628 shares for a total of $257.53 million under the previously authorized buyback plan.
- During fiscal year 2022, CWH repurchased 2,592,524 shares of its common stock for $79.8 million, at an average price of $30.78 per share.
Share Issuance
- In November 2024, Camping World completed an underwritten public offering of 14,634,146 shares of its Class A common stock at a public offering price of $20.50 per share, generating approximately $300 million in gross proceeds.
- The proceeds from this offering were utilized to purchase common units from CWGS Enterprises, LLC, which intended to use the net proceeds for general corporate purposes, including strengthening the balance sheet, providing working capital for growth, and reducing debt.
- This equity issuance resulted in approximately 25% shareholder dilution.
Outbound Investments
- Camping World actively engaged in acquisitions of smaller retail companies within the auto retail and aftersales sector, with 8 acquisitions in 2021, 5 in 2022, and 4 in 2023.
- Notable recent acquisitions in 2023 included All Seasons RV Center, Sonny's Camp N Travel, Travel Land RV Rentals, and Pan Pacific RV, although specific dollar amounts for these transactions were not disclosed.
- In May 2024, the company divested its RV furniture business.
Capital Expenditures
- Capital expenditures are primarily focused on investing in acquired and greenfield retail and RV dealership locations, enhancing existing store locations, and upgrading information technology, hardware, and software.
- Total capital expenditures were $90.484 million in 2021, $154.926 million in 2022, and $131.08 million in 2023.
- As of December 31, 2023, Camping World had future commitments totaling $25.6 million for the construction of new and existing dealership buildings.
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| 07312024 | CWH | Camping World | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 3.9% | -37.9% | -48.0% |
| 01312024 | CWH | Camping World | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -6.9% | -2.9% | -29.1% |
| 06302023 | CWH | Camping World | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -11.8% | -39.3% | -44.8% |
| 07312022 | CWH | Camping World | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -5.6% | 30.3% | -23.7% |
| 01312022 | CWH | Camping World | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -12.8% | -16.4% | -32.0% |
| 01312021 | CWH | Camping World | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 16.6% | 0.9% | -8.4% |
Research & Analysis
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Peer Comparisons for Camping World
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.32 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.3% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Price Behavior
| Market Price | $10.18 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 10/07/2016 | |
| Distance from 52W High | -56.2% | |
| 50 Days | 200 Days | |
| DMA Price | $11.78 | $14.95 |
| DMA Trend | down | down |
| Distance from DMA | -13.6% | -31.9% |
| 3M | 1YR | |
| Volatility | 71.6% | 64.9% |
| Downside Capture | 199.76 | 184.69 |
| Upside Capture | -66.27 | 89.40 |
| Correlation (SPY) | 27.2% | 48.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.95 | 1.71 | 1.69 | 2.03 | 1.60 | 1.67 |
| Up Beta | 0.84 | 4.01 | 4.45 | 4.28 | 1.58 | 1.62 |
| Down Beta | -0.95 | 1.99 | 1.82 | 1.67 | 1.88 | 1.69 |
| Up Capture | 186% | -48% | -50% | 56% | 86% | 277% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 6 | 19 | 30 | 65 | 123 | 364 |
| Down Capture | 286% | 181% | 180% | 195% | 138% | 110% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 13 | 22 | 32 | 59 | 124 | 380 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of CWH With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| CWH | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -50.6% | 7.5% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 64.5% | 24.3% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.82 | 0.24 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 57.0% | 48.2% | -4.2% | 19.0% | 48.8% | 26.3% | |
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 CWH With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| CWH | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -14.6% | 9.6% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 53.0% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | -0.09 | 0.36 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 51.3% | 47.2% | 5.0% | 11.2% | 43.8% | 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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Based On 10-Year Data
| Comparison of CWH With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| CWH | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -4.0% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 61.7% | 21.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.20 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 49.5% | 46.0% | 3.1% | 17.2% | 40.5% | 13.6% | |
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
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2025 | -24.8% | -28.5% | -32.6% |
| 7/29/2025 | -15.4% | -15.0% | 0.4% |
| 2/25/2025 | -0.2% | -13.9% | -14.5% |
| 10/28/2024 | 6.9% | -3.9% | 15.6% |
| 7/31/2024 | -4.0% | -14.8% | -4.2% |
| 5/1/2024 | 0.1% | 6.9% | 0.0% |
| 2/21/2024 | 0.5% | 5.1% | 2.5% |
| 11/1/2023 | 7.7% | 9.4% | 28.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 11 |
| # Negative | 12 | 13 | 12 |
| Median Positive | 7.7% | 9.3% | 15.6% |
| Median Negative | -9.3% | -13.9% | -10.3% |
| Max Positive | 29.5% | 35.0% | 131.4% |
| Max Negative | -24.8% | -28.5% | -49.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10302025 | 10-Q 9/30/2025 |
| 6302025 | 7302025 | 10-Q 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 2282025 | 10-K 12/31/2024 |
| 9302024 | 10292024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5032024 | 10-Q 3/31/2024 |
| 12312023 | 2262024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8022023 | 10-Q 6/30/2023 |
| 3312023 | 5032023 | 10-Q 3/31/2023 |
| 12312022 | 2232023 | 10-K 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/30/2022 |
| 6302022 | 8032022 | 10-Q 6/30/2022 |
| 3312022 | 5042022 | 10-Q 3/31/2022 |
| 12312021 | 2242022 | 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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