Denison Mines (DNN)
Market Price (3/30/2026): $3.43 | Market Cap: $3.1 BilSector: Energy | Industry: Coal & Consumable Fuels
Denison Mines (DNN)
Market Price (3/30/2026): $3.43Market Cap: $3.1 BilSector: EnergyIndustry: Coal & Consumable Fuels
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -86 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1748% |
| Megatrend and thematic driversMegatrends include Datacenter Power, and Energy Transition & Decarbonization. Themes include Mini Nuclear, and Nuclear Power. | Expensive valuation multiplesP/SPrice/Sales ratio is 622x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 156% | |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 97% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1386%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2412% | |
| 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 -11% | |
| Key risksDNN key risks include [1] development and regulatory execution hurdles for its flagship Wheeler River project, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22% |
| Megatrend and thematic driversMegatrends include Datacenter Power, and Energy Transition & Decarbonization. Themes include Mini Nuclear, and Nuclear Power. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -86 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1748% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 622x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 156% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 97% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1386%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2412% |
| 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 -11% |
| Key risksDNN key risks include [1] development and regulatory execution hurdles for its flagship Wheeler River project, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Final Investment Decision and Regulatory Approvals for Phoenix Mine.
Denison Mines announced its Final Investment Decision (FID) on February 24, 2026, to proceed with the construction of the Phoenix In-Situ Recovery (ISR) Uranium Mine, with site preparation and construction commencing in March 2026 and targeting first production by mid-2028. This followed the receipt of final regulatory approval to construct the mine from the Canadian Nuclear Safety Commission (CNSC) on February 19, 2026, building on provincial approval from Saskatchewan in July 2025. This project is notable as the first large-scale uranium mining project in Canada in two decades utilizing the ISR method.
2. Sustained Strengthening in Uranium Prices.
The broader uranium market experienced a bullish trend, with uranium prices influencing Denison's stock. As of March 26, 2026, the uranium spot price traded around $84.30 USD/Lbs, representing a 31.00% increase year-over-year. This upward trajectory was fueled by increasing global demand for nuclear energy, driven by decarbonization efforts, new reactor construction, and the energy requirements of power-intensive data centers. Analysts forecast uranium to trade between $90-$100 per pound throughout 2026, with potential peaks reaching $135 per pound under aggressive utility procurement scenarios.
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Stock Movement Drivers
Fundamental Drivers
The 33.2% change in DNN stock from 11/30/2025 to 3/29/2026 was primarily driven by a 32.0% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.56 | 3.41 | 33.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 5 | 1.1% |
| P/S Multiple | 471.7 | 622.5 | 32.0% |
| Shares Outstanding (Mil) | 897 | 898 | -0.1% |
| Cumulative Contribution | 33.2% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DNN | 33.2% | |
| Market (SPY) | -5.3% | 41.2% |
| Sector (XLE) | 39.5% | 17.7% |
Fundamental Drivers
The 47.0% change in DNN stock from 8/31/2025 to 3/29/2026 was primarily driven by a 35.2% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.32 | 3.41 | 47.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 5 | 8.9% |
| P/S Multiple | 460.5 | 622.5 | 35.2% |
| Shares Outstanding (Mil) | 896 | 898 | -0.2% |
| Cumulative Contribution | 47.0% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DNN | 47.0% | |
| Market (SPY) | 0.6% | 36.4% |
| Sector (XLE) | 40.8% | 8.2% |
Fundamental Drivers
The 128.9% change in DNN stock from 2/28/2025 to 3/29/2026 was primarily driven by a 84.7% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.49 | 3.41 | 128.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 5 | 24.7% |
| P/S Multiple | 337.1 | 622.5 | 84.7% |
| Shares Outstanding (Mil) | 892 | 898 | -0.6% |
| Cumulative Contribution | 128.9% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DNN | 128.9% | |
| Market (SPY) | 9.8% | 36.8% |
| Sector (XLE) | 42.1% | 21.2% |
Fundamental Drivers
The 172.8% change in DNN stock from 2/28/2023 to 3/29/2026 was primarily driven by a 951.9% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.25 | 3.41 | 172.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17 | 5 | -71.6% |
| P/S Multiple | 59.2 | 622.5 | 951.9% |
| Shares Outstanding (Mil) | 819 | 898 | -8.7% |
| Cumulative Contribution | 172.8% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DNN | 172.8% | |
| Market (SPY) | 69.4% | 35.2% |
| Sector (XLE) | 65.5% | 24.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DNN Return | 112% | -16% | 54% | 2% | 48% | 26% | 419% |
| Peers Return | 69% | -1% | 53% | -7% | 79% | 14% | 386% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| DNN Win Rate | 58% | 42% | 58% | 58% | 75% | 67% | |
| Peers Win Rate | 63% | 45% | 62% | 52% | 65% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| DNN Max Drawdown | -1% | -31% | -15% | -19% | -36% | 0% | |
| Peers Max Drawdown | -8% | -23% | -22% | -30% | -38% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CCJ, NXE, UEC, UUUU, URG.
[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 3/27/2026 (YTD)
How Low Can It Go
| Event | DNN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.7% | -25.4% |
| % Gain to Breakeven | 125.5% | 34.1% |
| Time to Breakeven | 575 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -51.8% | -33.9% |
| % Gain to Breakeven | 107.5% | 51.3% |
| Time to Breakeven | 35 days | 148 days |
| 2018 Correction | ||
| % Loss | -52.4% | -19.8% |
| % Gain to Breakeven | 110.1% | 24.7% |
| Time to Breakeven | 416 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -96.3% | -56.8% |
| % Gain to Breakeven | 2569.6% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to CCJ, NXE, UEC, UUUU, URG
In The Past
Denison Mines's stock fell -55.7% during the 2022 Inflation Shock from a high on 11/9/2021. A -55.7% loss requires a 125.5% gain to breakeven.
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About Denison Mines (DNN)
AI Analysis | Feedback
Here are 1-3 brief analogies for Denison Mines (DNN):
- Cameco, but focused on future uranium production. (Cameco is the world's largest publicly traded uranium company.)
- The Barrick Gold of uranium exploration and development. (Barrick Gold is a major, well-known gold mining company.)
AI Analysis | Feedback
- Uranium: Denison Mines engages in the acquisition, exploration, development, extraction, processing, and selling of uranium, primarily from its Wheeler River project in Canada.
AI Analysis | Feedback
Denison Mines Corp. primarily sells its uranium products to other companies. The major customers in the uranium industry are nuclear power generating utilities and, to a lesser extent, nuclear fuel cycle companies and traders. These entities purchase uranium concentrates for use in nuclear power reactors or for further processing in the nuclear fuel cycle. While specific customer contracts for Denison Mines are not publicly disclosed, typical major customers for uranium producers are large, global utility companies that operate nuclear power plants. Examples of such public companies include:Duke Energy Corporation (NYSE: DUK)
Southern Company (NYSE: SO)
Constellation Energy Corporation (NASDAQ: CEG)
Exelon Corporation (NASDAQ: EXC)
Entergy Corporation (NYSE: ETR)
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- Wood PLC (LON:WG)
- Stantec Inc. (TSX:STN)
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David Cates, President & Chief Executive Officer
Mr. Cates was appointed President & CEO of Denison in 2015, having previously served as the company's Vice President, Finance & Tax and Chief Financial Officer. Prior to joining Denison in 2008, Mr. Cates held positions at Kinross Gold Corp. and PwC LLP. He is a Chartered Professional Accountant (CPA, CA) and holds Master of Accounting (MAcc) and Honours Bachelor of Arts (BA) degrees from the University of Waterloo. Mr. Cates possesses extensive expertise in the Canadian and international uranium mining industry from over a decade of senior management and financial experience in various roles with Denison. He also serves as a Director of Denison, SkyHarbour Resources Ltd. (TSX-V: SYH), Foremost Clean Energy Ltd. (NASDAQ: FMST; CSE: FAT), and the Canadian Nuclear Association.
Elizabeth Sidle, Vice President Finance & Chief Financial Officer
Ms. Sidle joined Denison in 2016 and advanced to the position of Vice President Finance in September 2021. She was appointed Chief Financial Officer in December 2023. Before joining Denison, Ms. Sidle held various roles at Ernst & Young LLP, including serving in the firm's National Accounting and Assurance Group, where she advised on complex financial accounting issues and transactions.
Kevin Himbeault, Vice President Operations & Regulatory Affairs
Mr. Himbeault joined Denison Mines in 2021 and was appointed Vice President of Plant Operations & Regulatory Affairs in January 2022. He brings significant operational and regulatory experience, with over 25 years of diverse involvement in the mining industry through consulting and operations management. During his 18-year career with Cameco Corporation, Mr. Himbeault led the Key Lake Operation through multiple relicensing processes and spearheaded the development and approval of the environmental assessment for the Key Lake Extension Project. He held the position of Operations Manager at the Key Lake mill, where his responsibilities included senior management leadership for plant operations (including uranium processing, site infrastructure services, maintenance, and automation initiatives), as well as oversight of safety, health, quality, and radiation protection programs. Mr. Himbeault holds a Master of Science (MSc) degree in Toxicology from the University of Saskatchewan.
Amanda Willett, Vice President Legal and Corporate Secretary
Ms. Willett joined Denison and Uranium Participation Corporation in 2016. Prior to that, she was a securities law associate at Blake, Cassels & Graydon LLP in Vancouver since 2011, and previously a corporate and securities law associate with Stikeman Elliott LLP in Toronto.
Michael Schoonderwoerd, Vice President Controller
Mr. Schoonderwoerd was appointed Vice President Controller of Denison on January 1, 2013. He joined Denison as Corporate Controller in August 2004.
AI Analysis | Feedback
The key risks to Denison Mines (DNN) are primarily centered around the successful development of its flagship project, its financial stability as a pre-production company, and the inherent volatility of the uranium market.Key Risks for Denison Mines (DNN)
- Project Execution and Regulatory Approval for Wheeler River: Denison Mines is a development-stage company, and its future is heavily reliant on the successful and timely development of its flagship Wheeler River project, particularly the Phoenix In-Situ Recovery (ISR) mine. This includes obtaining the necessary federal license from the Canadian Nuclear Safety Commission (CNSC) and managing technical and operational uncertainties associated with the ISR method, such as the use of a freeze fence. Delays in regulatory approval or execution could significantly impact the company's transition to a major producer.
- Financial Stability and Capital-Intensive Operations: As a pre-production company, Denison Mines has consistently operated at a net loss, directing significant capital into its ISR projects. While the company maintains a strong balance sheet and has raised substantial capital, it remains a capital-intensive business that is not yet cash-flow positive. Analysts anticipate continued unprofitability over the next three years. This necessitates careful management of financial constraints, rising costs, and strategic adjustments to ensure long-term viability.
- Uranium Price Volatility and Market Dynamics: The company's long-term success is tied to the global demand for uranium, driven by the nuclear energy sector. However, fluctuations in uranium prices and broader market shifts in the energy sector pose a significant risk. Forecasts of declining uranium prices could lead to overly optimistic revenue projections. The company must adapt to evolving environmental demands, consumer needs, and overall market dynamics, including potential impacts from international sanctions.
AI Analysis | Feedback
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AI Analysis | Feedback
The addressable market for Denison Mines' main product, uranium, is global. The global uranium market was valued at approximately USD 9.3 billion in 2024 and is projected to reach over USD 13.59 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.86% from 2025 to 2032. Another estimate places the global uranium market size at USD 15.57 billion in 2024, with a projection to grow to USD 21.78 billion by 2033 at a CAGR of 3.8% during the forecast period of 2026–2033.AI Analysis | Feedback
Denison Mines Corp. (DNN) is expected to experience significant revenue growth over the next 2-3 years, driven primarily by the commencement of uranium production from its flagship Phoenix In-Situ Recovery (ISR) project, contributions from other strategic uranium holdings, and a robust global uranium market.
Here are the key drivers of future revenue growth:
-
Commencement of Production at the Phoenix ISR Uranium Mine: Denison Mines has made a final investment decision and plans to begin construction of its Phoenix In-Situ Recovery (ISR) uranium mine at the Wheeler River project in March 2026. This project is targeted to achieve first uranium production by mid-2028, positioning Denison to become a significant new Canadian uranium producer. The Phoenix project is anticipated to be the first uranium ISR mining operation in the Athabasca Basin region and the first new large-scale Canadian uranium mine in over two decades.
-
Increased Production from McClean Lake Joint Venture's McClean North Deposit: Mining at the McClean North deposit, which is part of Denison's 22.5% owned McClean Lake Joint Venture, commenced in mid-2025 using the Surface Access Borehole Resource Extraction (SABRE) method. This initiative represents an earlier source of production that will contribute to revenue growth as operations ramp up.
-
Favorable Uranium Market Conditions: The global uranium market is experiencing a significant strengthening, characterized by structural supply deficits and inelastic demand, which is expected to intensify further. Long-term uranium prices reached approximately US$86 per pound in 2025, marking the highest level in over 16 years. The increasing recognition of nuclear power as a vital component of global decarbonization efforts is creating a durable demand floor for uranium, allowing Denison Mines to capitalize on future price appreciation.
-
Strategic Uranium Holdings and Investments: Denison Mines maintains a strong financial position, including holding 2.2 million pounds of physical uranium. Additionally, the company holds ownership interests in various other uranium properties and joint ventures, such as the McClean Lake Joint Venture, the Midwest Joint Venture, and deposits on the Waterbury Lake Property, along with interests in the Millennium and Kiggavik projects through its 50% ownership of JCU (Canada) Exploration Company Limited. These diversified holdings and investments provide further leverage to a strengthening uranium market and potential for additional revenue streams.
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Share Issuance
- Denison Mines completed a US$345 million Convertible Senior Notes offering in August 2025.
- The offering was recorded as a $612,164,000 liability.
- The net proceeds of approximately US$333 million (after capped call transactions) are intended to fund the evaluation and development of uranium projects, including the Phoenix ISR operation.
Inbound Investments
- In 2025, Denison secured US$345 million in financing through a placement of U.S. style senior convertible notes with a capped call overlay.
Outbound Investments
- In January 2025, Denison entered an agreement with Cosa Resources Corp. (Cosa), resulting in Cosa acquiring a 70% interest in three of Denison's properties. Denison received approximately 14.2 million Cosa common shares, $2.25 million in deferred equity, and a commitment for $6.5 million in exploration expenditures on the properties, making Denison Cosa's largest shareholder with approximately 19.95% ownership.
- In December 2025, Denison completed a transaction with Skyharbour Resources Ltd. (Skyharbour) to acquire initial interests in claims comprising Skyharbour's Russell Lake Uranium Project, obtaining initial ownership interests of 20%, 30%, 49%, and 70% in four new property joint ventures. This deal is anticipated to provide up to $61.5 million in value to Skyharbour through funded exploration, cash, and shares.
Capital Expenditures
- Denison continued to make significant investments in its assets in 2025, notably its flagship Phoenix project.
- Initial capital costs for the Phoenix In-Situ Recovery (ISR) uranium mine are estimated at $600 million, an increase of 43% from the 2023 feasibility study's estimate of $419.4 million, due to inflation, cost increases, improved estimate precision, and project refinements. Construction is planned to commence in March 2026, with first production targeted by mid-2028.
- As of Q3 2025, approximately $27 million in initial capital expenditures had been incurred for the Phoenix project, with an additional ~$44 million committed. Total pre-Final Investment Decision expenditures are projected to reach $100 million.
Trade Ideas
Select ideas related to DNN.
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| 12262025 | TPL | Texas Pacific Land | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 82.3% | 82.3% | -2.1% |
| 12122025 | NOV | NOV | 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 | 23.6% | 23.6% | -6.5% |
| 12122025 | RIG | Transocean | 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 | 56.9% | 56.9% | -7.0% |
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 31.6% | 31.6% | 0.0% |
| 10172025 | OVV | Ovintiv | 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 | 41.7% | 41.7% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.98 |
| Mkt Cap | 5.2 |
| Rev LTM | 24 |
| Op Inc LTM | -88 |
| FCF LTM | -120 |
| FCF 3Y Avg | -73 |
| CFO LTM | -58 |
| CFO 3Y Avg | -45 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -15.6% |
| Rev Chg 3Y Avg | 23.6% |
| Rev Chg Q | -32.1% |
| QoQ Delta Rev Chg LTM | -16.3% |
| Op Mgn LTM | -255.0% |
| Op Mgn 3Y Avg | -205.5% |
| QoQ Delta Op Mgn LTM | -57.1% |
| CFO/Rev LTM | -158.5% |
| CFO/Rev 3Y Avg | -156.0% |
| FCF/Rev LTM | -245.3% |
| FCF/Rev 3Y Avg | -197.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.2 |
| P/S | 63.7 |
| P/EBIT | -21.7 |
| P/E | -18.4 |
| P/CFO | -45.9 |
| Total Yield | -3.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -3.8% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -15.3% |
| 3M Rtn | 15.6% |
| 6M Rtn | 13.4% |
| 12M Rtn | 152.8% |
| 3Y Rtn | 213.6% |
| 1M Excs Rtn | -7.9% |
| 3M Excs Rtn | 22.1% |
| 6M Excs Rtn | 14.2% |
| 12M Excs Rtn | 128.2% |
| 3Y Excs Rtn | 180.1% |
Price Behavior
| Market Price | $3.41 | |
| Market Cap ($ Bil) | 3.1 | |
| First Trading Date | 02/09/2005 | |
| Distance from 52W High | -22.0% | |
| 50 Days | 200 Days | |
| DMA Price | $3.85 | $2.80 |
| DMA Trend | up | up |
| Distance from DMA | -11.5% | 21.6% |
| 3M | 1YR | |
| Volatility | 72.6% | 63.5% |
| Downside Capture | 0.88 | 0.78 |
| Upside Capture | 354.59 | 191.44 |
| Correlation (SPY) | 37.5% | 36.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.92 | 1.59 | 2.00 | 1.61 | 1.13 | 1.27 |
| Up Beta | 3.31 | 0.99 | 0.93 | 1.32 | 1.14 | 1.12 |
| Down Beta | 0.73 | 1.41 | 1.70 | 1.16 | 0.93 | 1.31 |
| Up Capture | 194% | 445% | 512% | 363% | 279% | 353% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 23 | 34 | 66 | 128 | 350 |
| Down Capture | 189% | -18% | 87% | 120% | 89% | 106% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 16 | 25 | 52 | 107 | 333 |
[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 DNN | |
|---|---|---|---|---|
| DNN | 139.3% | 63.6% | 1.63 | - |
| Sector ETF (XLE) | 37.0% | 24.9% | 1.22 | 21.3% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 36.2% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 33.4% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 27.8% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 15.3% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 29.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DNN | |
|---|---|---|---|---|
| DNN | 24.7% | 64.4% | 0.61 | - |
| Sector ETF (XLE) | 25.3% | 26.1% | 0.86 | 36.4% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 41.7% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 25.9% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 31.0% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 24.6% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 24.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DNN | |
|---|---|---|---|---|
| DNN | 20.0% | 63.8% | 0.56 | - |
| Sector ETF (XLE) | 11.4% | 29.4% | 0.42 | 32.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 35.8% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 18.1% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 28.8% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 21.7% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 16.5% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/07/2025 | 6-K |
| 06/30/2025 | 08/08/2025 | 6-K |
| 03/31/2025 | 05/14/2025 | 6-K |
| 12/31/2024 | 03/28/2025 | 40-F |
| 09/30/2024 | 11/08/2024 | 6-K |
| 06/30/2024 | 08/09/2024 | 6-K |
| 03/31/2024 | 05/09/2024 | 6-K |
| 12/31/2023 | 03/28/2024 | 40-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 08/10/2023 | 6-K |
| 03/31/2023 | 05/11/2023 | 6-K |
| 12/31/2022 | 03/28/2023 | 40-F |
| 09/30/2022 | 11/04/2022 | 6-K |
| 06/30/2022 | 08/05/2022 | 6-K |
| 03/31/2022 | 05/05/2022 | 6-K |
| 09/30/2021 | 11/05/2021 | 6-K |
Industry Resources
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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