Daily Journal (DJCO)
Market Price (2/6/2026): $566.33 | Market Cap: $780.3 MilSector: Information Technology | Industry: Application Software
Daily Journal (DJCO)
Market Price (2/6/2026): $566.33Market Cap: $780.3 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10% | 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 13% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 59x |
| 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 -63% | Key risksDJCO key risks include [1] significant volatility to its valuation and net income driven by its massive and highly concentrated marketable securities portfolio that dominates the company's balance sheet. | |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% | ||
| Low stock price volatilityVol 12M is 50% | ||
| Megatrend and thematic driversMegatrends include Digital Transformation of Public Services. Themes include Legal Case Management Software. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10% |
| 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 -63% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Low stock price volatilityVol 12M is 50% |
| Megatrend and thematic driversMegatrends include Digital Transformation of Public Services. Themes include Legal Case Management Software. |
| 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 13% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 59x |
| Key risksDJCO key risks include [1] significant volatility to its valuation and net income driven by its massive and highly concentrated marketable securities portfolio that dominates the company's balance sheet. |
Qualitative Assessment
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Daily Journal (DJCO) stock has gained about 40% since 10/31/2025 because of the following key factors:
1. Strong Fiscal Year 2025 Financial Results: Daily Journal Corporation reported record fiscal year 2025 revenue of $87.7 million, a 25% increase year-over-year from fiscal year 2024. Net income also significantly rose to $112.1 million, or $81.41 per diluted share, marking a 44% increase year-over-year. This robust financial performance, announced in late December 2025, likely boosted investor confidence.
2. Exceptional Growth in Journal Technologies Segment: The company's legal-technology subsidiary, Journal Technologies, was a primary driver of this growth, with its revenue increasing by 32% to $69.9 million in fiscal year 2025, comprising approximately 80% of total revenue. This growth was fueled by a substantial increase in consulting and public-service fees, and the securing of 17 new multi-year contracts with courts and government agencies. The increasing prominence of this high-margin software business underscored the company's successful strategic shift.
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1. Strong Fiscal Year 2025 Financial Results: Daily Journal Corporation reported record fiscal year 2025 revenue of $87.7 million, a 25% increase year-over-year from fiscal year 2024. Net income also significantly rose to $112.1 million, or $81.41 per diluted share, marking a 44% increase year-over-year. This robust financial performance, announced in late December 2025, likely boosted investor confidence.
2. Exceptional Growth in Journal Technologies Segment: The company's legal-technology subsidiary, Journal Technologies, was a primary driver of this growth, with its revenue increasing by 32% to $69.9 million in fiscal year 2025, comprising approximately 80% of total revenue. This growth was fueled by a substantial increase in consulting and public-service fees, and the securing of 17 new multi-year contracts with courts and government agencies. The increasing prominence of this high-margin software business underscored the company's successful strategic shift.
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Stock Movement Drivers
Fundamental Drivers
The 40.2% change in DJCO stock from 10/31/2025 to 2/5/2026 was primarily driven by a 21.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 405.04 | 567.90 | 40.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 79 | 88 | 10.8% |
| Net Income Margin (%) | 122.2% | 127.9% | 4.7% |
| P/E Multiple | 5.8 | 7.0 | 21.0% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | 40.2% |
Market Drivers
10/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DJCO | 40.2% | |
| Market (SPY) | -0.7% | 32.2% |
| Sector (XLK) | -9.8% | 15.1% |
Fundamental Drivers
The 42.1% change in DJCO stock from 7/31/2025 to 2/5/2026 was primarily driven by a 33.9% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 399.58 | 567.90 | 42.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 73 | 88 | 19.7% |
| Net Income Margin (%) | 144.2% | 127.9% | -11.4% |
| P/E Multiple | 5.2 | 7.0 | 33.9% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | 42.1% |
Market Drivers
7/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DJCO | 42.1% | |
| Market (SPY) | 7.5% | 25.4% |
| Sector (XLK) | 3.4% | 16.3% |
Fundamental Drivers
The 38.5% change in DJCO stock from 1/31/2025 to 2/5/2026 was primarily driven by a 25.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 410.10 | 567.90 | 38.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 70 | 88 | 25.4% |
| Net Income Margin (%) | 111.7% | 127.9% | 14.5% |
| P/E Multiple | 7.2 | 7.0 | -3.5% |
| Shares Outstanding (Mil) | 1 | 1 | -0.1% |
| Cumulative Contribution | 38.5% |
Market Drivers
1/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DJCO | 38.5% | |
| Market (SPY) | 13.6% | 38.5% |
| Sector (XLK) | 18.1% | 34.3% |
Fundamental Drivers
The 85.6% change in DJCO stock from 1/31/2023 to 2/5/2026 was primarily driven by a 62.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 306.00 | 567.90 | 85.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 54 | 88 | 62.4% |
| P/S Multiple | 7.8 | 8.9 | 14.4% |
| Shares Outstanding (Mil) | 1 | 1 | -0.1% |
| Cumulative Contribution | 85.6% |
Market Drivers
1/31/2023 to 2/5/2026| Return | Correlation | |
|---|---|---|
| DJCO | 85.6% | |
| Market (SPY) | 72.9% | 40.5% |
| Sector (XLK) | 103.6% | 35.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DJCO Return | -12% | -30% | 36% | 67% | -14% | 18% | 43% |
| Peers Return | 32% | -20% | 32% | 21% | -14% | -20% | 16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| DJCO Win Rate | 50% | 33% | 50% | 67% | 50% | 50% | |
| Peers Win Rate | 61% | 33% | 72% | 58% | 44% | 17% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DJCO Max Drawdown | -26% | -34% | 0% | -8% | -36% | 0% | |
| Peers Max Drawdown | -6% | -34% | -7% | -4% | -18% | -21% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TYL, TRI, NWSA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/5/2026 (YTD)
How Low Can It Go
| Event | DJCO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -41.6% | -25.4% |
| % Gain to Breakeven | 71.2% | 34.1% |
| Time to Breakeven | 645 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -32.9% | -33.9% |
| % Gain to Breakeven | 49.0% | 51.3% |
| Time to Breakeven | 147 days | 148 days |
| 2018 Correction | ||
| % Loss | -22.8% | -19.8% |
| % Gain to Breakeven | 29.5% | 24.7% |
| Time to Breakeven | 30 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -38.0% | -56.8% |
| % Gain to Breakeven | 61.2% | 131.3% |
| Time to Breakeven | 188 days | 1,480 days |
Compare to TYL, TRI, NWSA
In The Past
Daily Journal's stock fell -41.6% during the 2022 Inflation Shock from a high on 1/1/2021. A -41.6% loss requires a 71.2% gain to breakeven.
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About Daily Journal (DJCO)
Daily Journal Corporation publishes newspapers and websites covering in California, Arizona, and Utah. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, The Daily Transcript, Business Journal, and The Record Reporter. It also provides specialized information services; and serves as an advertising and newspaper representative for commercial and public notice advertising. In addition, the company offers case management software systems and related products, including eCourt, eProsecutor, eDefender, and eProbation, which are browser-based case processing systems; eFile, a browser-based interface that allows attorneys and the general public to electronically file documents with the court; and ePayIt, a service primarily for the online payment of traffic citations. It provides its software systems and related products for courts; prosecutor and public defender offices; probation departments; and other justice agencies, including administrative law organizations, city and county governments, and bar associations to manage cases and information electronically, to interface with other justice partners, and to extend electronic services to bar members and the public in 42 states and internationally. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California.
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Here are 1-2 brief analogies to describe Daily Journal (DJCO):
- A miniature Berkshire Hathaway, which also operates legal newspapers and court management software.
- Similar to a specialized Tyler Technologies (government software), but also managing a significant portfolio of public company investments.
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- Newspapers and Websites: Publishing daily and weekly newspapers and websites primarily serving the legal and real estate communities in California.
- Journal Technologies Software and Services: Provides case management software and related information technology services for courts, prosecutors, public defenders, and other justice agencies globally.
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Daily Journal (symbol: DJCO) primarily sells its products and services to other organizations, rather than directly to individuals. Its two main operating segments serve distinct types of organizational customers:
-
Government Justice Agencies
This category represents the major customers for Daily Journal's Journal Technologies subsidiary. Journal Technologies provides case management software and related services to various state and local government entities within the justice system. These customers are governmental bodies, not publicly traded companies, and therefore do not have stock symbols. Examples include:
- State and County Court Systems (e.g., Superior Courts, Circuit Courts, District Courts)
- Prosecutors' Offices (e.g., District Attorneys, Commonwealth's Attorneys)
- Public Defenders' Offices
- Other Justice Agencies (e.g., probation departments, sheriff's departments for jail management)
-
Law Firms
These are customers for Daily Journal's newspaper publishing segment, which includes the Los Angeles Daily Journal and other legal newspapers. Law firms subscribe to the newspapers, advertise their services, and utilize public notice publishing services. These are overwhelmingly private entities and do not have public stock symbols.
-
Other Businesses and Government Agencies for Public Notices/Advertising
Various businesses (e.g., real estate, finance, retail) and government agencies (e.g., city/county governments, special districts) utilize Daily Journal's publishing segment for legally mandated public notices (such as fictitious business names, probate notices, foreclosures) and for advertising services targeting the legal or general business community. These are generally private companies or government entities without public stock symbols.
Given the nature of these customers, Daily Journal does not have specific publicly traded "customer companies" that can be listed with their symbols.
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- Oracle Corporation (ORCL)
- Microsoft Corporation (MSFT)
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Steven Myhill-Jones, Chairman and Chief Executive Officer
Steven Myhill-Jones was appointed Interim CEO and Chairman of Daily Journal Corporation in March 2022, and became permanent CEO in October 2023. Prior to joining Daily Journal, he founded and bootstrapped Latitude Geographics, a web-based geography software company, at the age of 23. Latitude Geographics grew to serve a global client base before being acquired in 2017. He has also worked as an angel investor, advisor, and mentor for technology businesses and entrepreneurs.
Tu To, Chief Financial Officer and Investor Relations Contact
Tu To currently serves as the Chief Financial Officer and Investor Relations Contact for Daily Journal Corporation. She is scheduled to retire on January 15, 2026, concluding a 42-year career with the company. During her tenure, she served 31 years as Controller before becoming CFO for nearly four years.
Maryjoe Rodriguez, President
Maryjoe Rodriguez holds the title of President at Daily Journal Corporation.
Michelle Stephens, Executive Vice President of Publications & Secretary
Michelle Stephens is the Executive Vice President of Publications and Secretary for Daily Journal Corporation.
Danny Hemnani, CEO of Journal Technologies
Danny Hemnani is the CEO of Journal Technologies, a subsidiary of Daily Journal Corporation that provides case management software systems to courts and other justice agencies.
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The Daily Journal Corporation (DJCO) faces several key risks to its business, primarily stemming from its unique financial structure and its diversified operating segments.
- Volatility and Concentration of the Marketable Securities Portfolio: A significant portion of Daily Journal Corporation's net income and overall balance sheet value is derived from its highly concentrated investment portfolio of marketable securities. This portfolio was valued at approximately $443 million as of June 30, 2025, representing over 80% of total assets, and its performance is the primary driver of net income volatility. Fluctuations in the market prices of these securities, especially given their concentration in a few companies, can significantly impact the company's net income and shareholders' equity. A market correction could substantially affect the company's valuation.
- Declining Revenues and Challenges in the Traditional Publishing Business: The company's long-established legal newspaper business, which contributes a smaller but notable portion of its operating revenues (around 11-25% in recent fiscal years), operates within an industry experiencing significant secular decline. Key risks include a continuous decline in subscriber and advertising revenues, intense competition from both traditional and new media entrants, and potential changes in laws that could limit or eliminate requirements for public notice advertising.
- Risks Associated with the Journal Technologies Software Segment: The Journal Technologies segment, which provides case management software and related services to justice agencies and accounts for the majority of DJCO's operating revenues, faces risks related to software development and implementation efforts. This includes challenges from disruptive new technologies like artificial intelligence that could impact its business model. Additionally, the segment relies on professional services engagements with justice agencies, and competition in this specialized software market is significant, with some competitors being larger and having greater resources. The potential for security breaches of the company's software or websites also poses a risk.
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Daily Journal Corporation (DJCO) operates in two main segments: traditional newspaper publishing and legal technology, specifically case management software.
Traditional Business (Newspaper Publishing)
Daily Journal Corporation publishes newspapers and websites primarily covering California and Arizona, and also specializes in public notice advertising. The addressable market for their traditional business can be approximated by the U.S. Newspaper Publishing industry.
- Market Size: The U.S. Newspaper Publishing industry market size is projected at approximately $30.1 billion in 2025.
- Region: U.S.
Journal Technologies (Case Management Software)
Journal Technologies, a segment of Daily Journal Corporation, provides case management software systems and related products to courts, prosecutor and public defender offices, probation departments, and other justice agencies. While Journal Technologies serves clients in the U.S., Canada, and Australia, the U.S. market size for case management software provides a significant portion of their addressable market.
- Market Size: The U.S. case management software market was valued at approximately USD 2.37 billion in 2024. It is projected to grow to approximately USD 7.05 billion by 2034.
- Region: U.S.
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Here are 3-5 expected drivers of future revenue growth for Daily Journal (DJCO) over the next 2-3 years:
- Growth in Journal Technologies' Licensing and Maintenance Fees: Daily Journal's Journal Technologies segment has consistently demonstrated significant growth in its licensing and maintenance fees, which are a key component of its revenue. For example, for the nine months ended June 30, 2025, these fees increased by $2.418 million. Similarly, for the six months ending March 31, 2025, license and maintenance fees rose by $1.615 million. This trend indicates continued demand for their case management software solutions.
- Expansion of Journal Technologies' Consulting Services: Consulting fees within Journal Technologies have also been a strong driver of revenue growth. In the quarter ended June 30, 2025, consulting fees nearly doubled, and for the nine months ended June 30, 2025, they increased by $1.853 million. This suggests an increasing engagement in implementing and customizing their software solutions for justice agencies.
- Increase in Journal Technologies' Public Service Fees, driven by e-filing activity: Daily Journal has reported substantial growth in public service fees, which are partly attributable to increased e-filing activity. For instance, public service fees surged by 63% in the quarter ended June 30, 2025, and increased by $4.031 million for the nine months ended June 30, 2025. This indicates that greater adoption of digital legal processes directly contributes to revenue.
- Geographic Expansion of Journal Technologies: Journal Technologies provides software solutions to legal and governmental sectors in the United States, Canada, and Australia. A portion of its total revenues comes from foreign countries, with international revenues from Journal Technologies' foreign customers being approximately $6.153 million in fiscal 2024, up from $3.293 million in fiscal 2023. The company's strategic focus includes enhancing its market position in these sectors, suggesting continued efforts to grow its customer base internationally.
- Modest Growth in Traditional Business Advertising Revenues: While Journal Technologies is the primary growth engine, the Traditional Business segment, which includes newspaper publishing, has also contributed to revenue growth. This segment saw a modest increase in advertising revenues, rising by 10% in the quarter ended June 30, 2025, and by $703,000 for the nine months ended June 30, 2025. This indicates a stable, albeit smaller, contribution to overall revenue.
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Share Repurchases
- Daily Journal has stated it has repurchased shares of its common stock from time to time and may do so in the future, but no significant dollar amounts for repurchases were specified for the last 3-5 fiscal years.
Share Issuance
- In fiscal year 2024, 800 restricted stock units were granted, and 400 vested at a fair value of $463.64 per share.
- The Management Incentive Plan was expanded in February 2022 to include all Journal Technologies employees, with grants made to approximately 14 new employees in fiscal 2023 before new grants were paused.
- The company did not sell any securities in primary market offerings during the two fiscal years preceding the 2023 annual report.
Outbound Investments
- The company's marketable securities portfolio was valued at $358,691,000 as of September 30, 2024.
- In March 2024, Daily Journal sold approximately $40.6 million of marketable securities, contributing to a reduction of its margin loan from $75,000,000 at September 30, 2023, to $27,500,000 at September 30, 2024.
- The marketable securities portfolio recorded a net pretax unrealized gain of $81.9 million in fiscal 2024, following a $17 million gain in fiscal 2023, and a decrease in unrealized value of approximately $123 million in fiscal 2022.
Capital Expenditures
- Capital expenditures were $23,000 in fiscal 2024, $70,000 in fiscal 2023, $26,000 in fiscal 2022, and $16,000 in fiscal 2021.
- The primary focus of these expenditures is on the continued improvement and upgrading of Journal Technologies' products. The traditional publishing business is not a focus for material new investments.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 214.59 |
| Mkt Cap | 14.2 |
| Rev LTM | 4,837 |
| Op Inc LTM | 660 |
| FCF LTM | 590 |
| FCF 3Y Avg | 487 |
| CFO LTM | 814 |
| CFO 3Y Avg | 717 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.8% |
| Rev Chg 3Y Avg | 5.9% |
| Rev Chg Q | 6.5% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Mgn LTM | 14.4% |
| Op Mgn 3Y Avg | 11.6% |
| QoQ Delta Op Mgn LTM | 1.3% |
| CFO/Rev LTM | 21.4% |
| CFO/Rev 3Y Avg | 18.3% |
| FCF/Rev LTM | 20.0% |
| FCF/Rev 3Y Avg | 17.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.2 |
| P/S | 5.9 |
| P/EBIT | 15.0 |
| P/E | 17.1 |
| P/CFO | 19.7 |
| Total Yield | 8.5% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 2.6% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -15.8% |
| 3M Rtn | -15.1% |
| 6M Rtn | -29.7% |
| 12M Rtn | -30.0% |
| 3Y Rtn | 11.8% |
| 1M Excs Rtn | -13.7% |
| 3M Excs Rtn | -17.2% |
| 6M Excs Rtn | -38.0% |
| 12M Excs Rtn | -41.8% |
| 3Y Excs Rtn | -52.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Journal Technologies | 53 | 51 | 38 | 34 | 35 |
| Traditional Business | 17 | 16 | 16 | 15 | 15 |
| Corporate | 0 | 0 | 0 | ||
| Total | 70 | 68 | 54 | 50 | 50 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Journal Technologies | 2 | 5 | 1 | 2 | -1 |
| Traditional Business | 2 | 2 | 1 | 0 | -1 |
| Corporate | 0 | 0 | 0 | ||
| Total | 4 | 7 | 2 | 2 | -1 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate | 75 | 17 | -77 | 111 | 5 |
| Journal Technologies | 2 | 4 | 1 | 1 | -1 |
| Traditional Business | 1 | 1 | 1 | 0 | -0 |
| Total | 78 | 21 | -76 | 113 | 4 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate | 359 | 303 | 268 | 340 | 180 |
| Journal Technologies | 30 | 33 | 28 | 20 | 22 |
| Traditional Business | 14 | 19 | 23 | 22 | 36 |
| Total | 404 | 355 | 319 | 383 | 239 |
Price Behavior
Price Behavior
| Market Price | $567.90 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 02/25/1992 | |
| Distance from 52W High | -14.6% | |
| 50 Days | 200 Days | |
| DMA Price | $545.94 | $450.04 |
| DMA Trend | up | up |
| Distance from DMA | 4.0% | 26.2% |
| 3M | 1YR | |
| Volatility | 56.2% | 49.8% |
| Downside Capture | -6.09 | 98.90 |
| Upside Capture | 204.71 | 121.00 |
| Correlation (SPY) | 29.6% | 38.1% |
DJCO Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.83 | 1.48 | 1.47 | 1.20 | 0.99 | 1.07 |
| Up Beta | 4.04 | 4.56 | 3.73 | 1.51 | 1.03 | 1.16 |
| Down Beta | 2.31 | 1.43 | 1.14 | 0.92 | 0.65 | 0.90 |
| Up Capture | 275% | 212% | 234% | 186% | 155% | 138% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 14 | 28 | 37 | 74 | 137 | 395 |
| Down Capture | -140% | -52% | -5% | 77% | 108% | 103% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 6 | 13 | 24 | 51 | 113 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DJCO | |
|---|---|---|---|---|
| DJCO | 51.4% | 49.1% | 1.01 | - |
| Sector ETF (XLK) | 18.1% | 27.2% | 0.59 | 33.7% |
| Equity (SPY) | 13.6% | 19.3% | 0.54 | 38.1% |
| Gold (GLD) | 69.7% | 24.7% | 2.11 | -0.9% |
| Commodities (DBC) | 7.1% | 16.6% | 0.24 | 8.7% |
| Real Estate (VNQ) | 4.4% | 16.5% | 0.09 | 24.0% |
| Bitcoin (BTCUSD) | -26.6% | 40.5% | -0.66 | 23.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DJCO | |
|---|---|---|---|---|
| DJCO | 13.4% | 38.9% | 0.44 | - |
| Sector ETF (XLK) | 16.9% | 24.7% | 0.62 | 35.2% |
| Equity (SPY) | 14.4% | 17.0% | 0.67 | 39.2% |
| Gold (GLD) | 20.8% | 16.9% | 1.01 | 2.6% |
| Commodities (DBC) | 11.7% | 18.9% | 0.50 | 5.3% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 28.4% |
| Bitcoin (BTCUSD) | 16.0% | 57.4% | 0.49 | 19.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DJCO | |
|---|---|---|---|---|
| DJCO | 12.6% | 37.5% | 0.43 | - |
| Sector ETF (XLK) | 22.5% | 24.2% | 0.85 | 37.1% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 42.2% |
| Gold (GLD) | 15.4% | 15.5% | 0.83 | -0.8% |
| Commodities (DBC) | 7.9% | 17.6% | 0.37 | 11.4% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.26 | 33.2% |
| Bitcoin (BTCUSD) | 69.0% | 66.5% | 1.08 | 15.8% |
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 |
| 12/29/2025 | 0.1% | 9.1% | 15.2% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 0 | 0 | 0 |
| Median Positive | 0.1% | 9.1% | 15.2% |
| Median Negative | |||
| Max Positive | 0.1% | 9.1% | 15.2% |
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 12/29/2025 | 10-K |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-Q |
| 09/30/2024 | 12/31/2024 | 10-K |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-Q |
| 09/30/2023 | 12/28/2023 | 10-K |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 12/19/2022 | 10-K |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 02/11/2022 | 10-Q |
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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