Presidio Production (FTW)


Market Price (9/21/2026): $10.09 | Market Cap: $269.9 MilSector: Energy | Industry: Oil & Gas Exploration & Production

Presidio Production (FTW)


Market Price (9/21/2026): $10.09
Market Cap: $269.9 Mil
Sector: Energy
Industry: Oil & Gas Exploration & Production

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

0

Low stock price volatility
Vol 12M is 38%

Weak multi-year price returns
2Y Excs Rtn is -35%, 3Y Excs Rtn is -70%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 111%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -99%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -101%

Key risks
FTW key risks include [1] failure to complete a business combination, Show more.

0 Low stock price volatility
Vol 12M is 38%
1 Weak multi-year price returns
2Y Excs Rtn is -35%, 3Y Excs Rtn is -70%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 111%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -99%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -101%
4 Key risks
FTW key risks include [1] failure to complete a business combination, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/15/2026

Presidio Production (FTW) stock has lost about 15% since 5/31/2026 because of the following key factors:

1. Lower Adjusted EBITDA Guidance for Fiscal Q3 and Q4 2026. Presidio Production Company (FTW) provided guidance for its Adjusted EBITDA to be "very slightly under" $30 million per quarter for fiscal Q3 and Q4 2026, which represents a decrease compared to the $33.2 million achieved in fiscal Q2 2026.

2. Anticipated Impact of Weaker Commodity Prices. The company explicitly attributed its reduced fiscal Q3 and Q4 2026 Adjusted EBITDA guidance to "weaker commodity prices in the forward strip." Given that Presidio Production's asset base is heavily weighted towards natural gas, comprising 57% of its production mix, the softening of natural gas prices during fiscal Q2 2026 also contributed to a challenging commodity price environment.

Show more
Updated on 9/15/2026

Presidio Production (FTW) stock has lost about 15% since 5/31/2026 because of the following key factors:

1. Lower Adjusted EBITDA Guidance for Fiscal Q3 and Q4 2026. Presidio Production Company (FTW) provided guidance for its Adjusted EBITDA to be "very slightly under" $30 million per quarter for fiscal Q3 and Q4 2026, which represents a decrease compared to the $33.2 million achieved in fiscal Q2 2026.

2. Anticipated Impact of Weaker Commodity Prices. The company explicitly attributed its reduced fiscal Q3 and Q4 2026 Adjusted EBITDA guidance to "weaker commodity prices in the forward strip." Given that Presidio Production's asset base is heavily weighted towards natural gas, comprising 57% of its production mix, the softening of natural gas prices during fiscal Q2 2026 also contributed to a challenging commodity price environment.

3. Reduction in Credit Facility Borrowing Base. Subsequent to the end of fiscal Q2 2026, Presidio Production's borrowing base was reduced from $65 million to $60 million. This reduction reflects the realization of production and hedges, consequently decreasing the company's available liquidity.

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Stock Movement Drivers

Fundamental Drivers

The -12.9% change in FTW stock from 5/31/2026 to 9/20/2026 was primarily driven by a 3.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)53120269202026Change
Stock Price ($)11.5910.10-12.9%
Change Contribution By: 
Total Revenues ($ Mil)1700.0%
Net Income Margin (%)3.0%0.0%
P/E Multiple53.70.0%
Shares Outstanding (Mil)28273.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/20/2026
ReturnCorrelation
FTW-12.9% 
Market (SPY)0.9%10.7%
Sector (XLE)14.2%23.3%

Fundamental Drivers

The 0.9% change in FTW stock from 2/28/2026 to 9/20/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)22820269202026Change
Stock Price ($)10.0110.100.9%
Change Contribution By: 
Total Revenues ($ Mil)1700.0%
Net Income Margin (%)3.0%0.0%
P/E Multiple53.70.0%
Shares Outstanding (Mil)28273.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/20/2026
ReturnCorrelation
FTW0.9% 
Market (SPY)11.6%-3.3%
Sector (XLE)15.8%16.7%

Fundamental Drivers

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Market Drivers

8/31/2025 to 9/20/2026
ReturnCorrelation
FTW  
Market (SPY)19.4%-6.8%
Sector (XLE)45.7%13.6%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/20/2026
ReturnCorrelation
FTW  
Market (SPY)75.6%-6.8%
Sector (XLE)58.1%13.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FTW Return----0%2%2%
Peers Return117%61%-16%6%-24%18%176%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
FTW Win Rate----0%33% 
Peers Win Rate56%62%40%50%38%58% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
FTW Max Drawdown------27% 
Peers Max Drawdown-34%-38%-44%-25%-41%-36% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMPY, EPM, REI, VTS, GRNT.
[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 9/18/2026 (YTD)

How Low Can It Go

FTW has limited trading history. Below is the Energy sector ETF (XLE) in its place.

EventXLES&P 500
2025 US Tariff Shock
  % Loss-16.3%-18.8%
  % Gain to Breakeven19.4%23.1%
  Time to Breakeven169 days79 days
2023 SVB Regional Banking Crisis
  % Loss-14.5%-6.7%
  % Gain to Breakeven16.9%7.1%
  Time to Breakeven145 days31 days
2020 COVID-19 Crash
  % Loss-56.3%-33.7%
  % Gain to Breakeven128.7%50.9%
  Time to Breakeven352 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-29.9%-19.2%
  % Gain to Breakeven42.6%23.8%
  Time to Breakeven1117 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-24.3%-12.2%
  % Gain to Breakeven32.0%13.9%
  Time to Breakeven98 days62 days
2014-2016 Oil Price Collapse
  % Loss-45.4%-6.8%
  % Gain to Breakeven83.0%7.3%
  Time to Breakeven2233 days15 days

Compare to AMPY, EPM, REI, VTS, GRNT

In The Past

State Street Energy Select Sector SPDR ETF's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

FTW has limited trading history. Below is the Energy sector ETF (XLE) in its place.

EventXLES&P 500
2020 COVID-19 Crash
  % Loss-56.3%-33.7%
  % Gain to Breakeven128.7%50.9%
  Time to Breakeven352 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-29.9%-19.2%
  % Gain to Breakeven42.6%23.8%
  Time to Breakeven1117 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-24.3%-12.2%
  % Gain to Breakeven32.0%13.9%
  Time to Breakeven98 days62 days
2014-2016 Oil Price Collapse
  % Loss-45.4%-6.8%
  % Gain to Breakeven83.0%7.3%
  Time to Breakeven2233 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-28.8%-17.9%
  % Gain to Breakeven40.5%21.8%
  Time to Breakeven484 days123 days
2008-2009 Global Financial Crisis
  % Loss-52.0%-53.4%
  % Gain to Breakeven108.4%114.4%
  Time to Breakeven717 days1085 days

Compare to AMPY, EPM, REI, VTS, GRNT

In The Past

State Street Energy Select Sector SPDR ETF's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Presidio Production (FTW)

Presidio Production (FTW) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its sole business purpose is to identify, acquire, and merge with an existing private business, bringing it public. Currently, Presidio Production has no operational activities, products, or services; its efforts are entirely focused on organizational activities and preparing for its initial public offering, as it has not yet selected a target company for acquisition.

The company intends to focus its search for a business combination target primarily within the broadly defined energy industry, with a specific emphasis on the upstream exploration and production (E&P) sector. Presidio Production is sponsored by an affiliate of the EQV Group, which specializes in acquiring and managing mature, long-life, and low-decline oil and gas assets and related midstream infrastructure, primarily in overlooked basins across North America and Europe. The management team brings extensive experience in complex energy transactions, capital markets, and asset optimization.

Presidio Production aims to partner with companies or assets that demonstrate leading competitive positions, attractive financial profiles, profitability, and strong free cash flow generation. By facilitating a public listing, the company seeks to enhance stakeholder value through strategic operational improvements, future accretive acquisitions, and growth of the target business's production base. Its primary "service" is providing a path to the public markets for suitable private energy companies, with these private companies effectively being its "customers" or targets.

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  • Business Combination Facilitation: As a special purpose acquisition company (SPAC), Presidio Production's core function is to seek and execute a merger, acquisition, or similar business combination with a private operating company, primarily within the energy industry.

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Based on the provided company description, Presidio Production (FTW) is a blank check company (a Special Purpose Acquisition Company or SPAC). Its sole purpose is to effect a business combination with one or more target businesses. The company description explicitly states:

"Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target."

Therefore, as of the current stage, Presidio Production (FTW) does not have any operational business activities, nor does it have any customers.

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Will Ulrich Co-CEO, Co-Founder, and Chairman of the Board

Will Ulrich co-founded Presidio in 2017 and has over 18 years of energy experience. He began his career as an investment banker at UBS. Ulrich also serves as an Independent Director at AxonPrime Infrastructure Acquisition Corporation since August 2021. He is focused on using technology and best practices to drive behavior change in the oil and gas industry, aiming for low operating expenses, high profitability, and a strong emissions profile. Presidio's public market debut reflects a strategy of disciplined operations, rigorous capital allocation, and technically driven optimization of high-quality, producing assets. Presidio was purpose-built to be "the last, best steward of America's oil and gas wells". Presidio Petroleum LLC, which Ulrich co-founded and leads, completed a reverse merger transaction with EQV Ventures Acquisition Corp., a blank check company sponsored by an affiliate of the EQV Group, a private equity-backed entity.

Chris Hammack Co-CEO and Co-Founder

Chris Hammack co-founded Presidio in 2017 and brings over 25 years of experience in the energy sector. He is dedicated to driving innovation in field operations, with a particular focus on training and empowering field personnel. Hammack holds a degree in Petroleum Engineering from Texas A&M. He believes that Presidio's transition to a public company will enable the scaling of its operational approach through access to growth capital and new partnerships, emphasizing systematic cost reduction, technological optimization of field operations, and disciplined capital allocation. Presidio Petroleum LLC, which Hammack co-founded and leads, completed a reverse merger transaction with EQV Ventures Acquisition Corp., a blank check company sponsored by an affiliate of the EQV Group, a private equity-backed entity.

John Brawley Executive VP & CFO

John Brawley is responsible for Presidio's capital markets and reporting functions, bringing over 20 years of experience in the energy industry. His most recent role prior to Presidio was as Executive Vice President & CFO of Maverick Natural Resources. Throughout his career, Brawley has held various capital markets and finance positions in both public and private companies, as well as private capital funds. He holds a bachelor's degree in economics and biological sciences and an MBA from the Jesse H. Jones Graduate School of Management at Rice University.

Brett Barnes Executive VP & General Counsel

Brett Barnes oversees Presidio's legal, land, and regulatory functions, with over 20 years of energy industry experience. Prior to joining Presidio, he was Vice President – Land and HSE/Regulatory for Trinity River Energy. His career includes serving as in-house legal counsel and leading land, land administration, health, safety, environmental, and regulatory functions. Barnes earned a Juris Doctor from The University of Texas School of Law and a degree in Finance from Texas A&M University.

David Smith Vice President of Operations

David Smith joined Presidio in July 2020 and is responsible for leading operations across the company, bringing over 16 years of experience in energy production and field operations. He joined Presidio through its acquisition of Templar Energy, where he previously served as Production Manager. Smith has held numerous leadership and engineering roles in the Western Anadarko and Eagle Ford basins, including key positions at Templar Energy and Chesapeake Energy. Before his career in the energy sector, he served as a U.S. Army officer in the 25th Infantry Division.

AI Analysis | Feedback

The key risks for Presidio Production (FTW) primarily stem from its nature as a blank check company (SPAC) that has yet to identify or complete a business combination.

  1. Failure to complete an initial business combination: Presidio Production's sole purpose is to effect a business combination. If it is unable to identify and consummate a suitable merger, share exchange, asset acquisition, or similar transaction within the timeframe typically allotted to SPACs, it will be forced to liquidate. In such a scenario, public shareholders may only receive a pro rata portion of the funds held in the trust account, and warrants would expire worthless.
  2. Difficulty in identifying and negotiating a suitable target: The company has not yet selected any business combination target. Its success is entirely dependent on its management team's ability to identify, evaluate, and successfully negotiate a business combination with one or more businesses, preferably within the broadly defined energy industry, primarily targeting the upstream exploration and production sector. Competition from other SPACs or private equity firms for attractive targets, unfavorable market conditions in the energy sector, or an inability to agree on terms could prevent a successful acquisition.
  3. Potential for significant redemptions by public shareholders: Even if Presidio Production proposes a business combination, public shareholders have the right to redeem their shares. High redemption rates could substantially reduce the amount of cash available for the business combination, potentially jeopardizing the transaction, making it less attractive to a target company, or requiring the company to seek alternative, potentially dilutive, financing.

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Presidio Production (NYSE: FTW) identifies several key drivers for future revenue growth over the next two to three years, primarily stemming from its strategy as a yield-focused oil and gas operator that acquires and optimizes producing wells without drilling. The company completed its business combination and began trading on the NYSE on March 5, 2026.

  1. Acquisition of additional producing oil and gas assets: Presidio Production's core strategy involves acquiring mature, long-life, and low-decline upstream oil and gas assets. The company has already completed its first acquisition of EQV Resources assets and has a letter of intent to acquire assets in the Arkoma Basin for $80 million, which is expected to close in the second quarter of 2026. Furthermore, Presidio has a significant "acquisition pipeline" of potential targets, indicating a sustained focus on growth through M&A.
  2. Operational improvements and optimization of acquired assets: The company aims to enhance revenue by optimizing its acquired assets through the application of technology, including automation, real-time data analytics, and artificial intelligence processes. These operational improvements are intended to reduce operating costs and boost production efficiency from existing wells, as demonstrated by an estimated 50% reduction in operating costs on the first day of operations for its initial acquisition.
  3. Increased production volume: Revenue growth will be driven by increasing the volume of oil and natural gas produced from both currently owned and newly acquired wells. The company's focus on optimizing existing production and pursuing accretive acquisitions is geared towards expanding its production base. For example, the anticipated Arkoma acquisition is expected to support an increase in the annual dividend, suggesting a positive impact on production and cash flow.
  4. Favorable commodity price movements: As an oil and gas producer, Presidio Production's revenue is directly influenced by the market prices of oil and natural gas. While the company utilizes hedging strategies to stabilize cash flow, a general upward trend or sustained high levels in commodity prices would directly contribute to increased revenue from its production. The company has shown responsiveness to rising oil prices by deploying additional workover rigs to target near-term oil production.

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Share Issuance

  • Presidio Production Company, as the post-merger entity, had 27,652,068 Class A shares outstanding as of the closing of its business combination on March 5, 2026.
  • The company completed a Private Investment in Public Equity (PIPE) financing of $87.5 million through the issuance of 8,750,000 shares of Presidio Class A Common Stock on August 5, 2025.
  • Significant preferred share issuances included a Series A Preferred Financing of $123.75 million for 125,000 Series A Preferred Shares and warrants on August 5, 2025, and a Series B Preferred Financing of $25 million for 27,173 Series B Preferred Shares on February 23, 2026.

Inbound Investments

  • The business combination on March 5, 2026, generated $350 million in preferred and common equity gross proceeds from investors.
  • Key investors included JPMorgan Investment Management and Morgan Stanley Energy Partners.
  • This capital raise also included management and funds managed by Morgan Stanley Energy Partners providing approximately $65 million of rollover equity.

Outbound Investments

  • Presidio completed its first acquisition of EQV Resources assets in conjunction with the closing of the business combination on March 5, 2026.
  • The company entered into a letter of intent on February 24, 2026, to acquire producing assets in the Arkoma Basin for $80 million, partially funded with approximately $20 million of Presidio equity.

Capital Expenditures

  • Presidio Production Company's strategy focuses on acquiring and optimizing producing oil and gas wells without drilling, which implies minimal capital investment for new drilling.
  • Around March 9, 2026, the company dispatched an additional workover rig to target increased production from its oil wells.

Peer Outperformance in Oil & Gas Exploration & Production

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Share of Oil & Gas Exploration & Production constituents that FTW has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Energy sector, ranked by 5Y. Oil & Gas Exploration & Production is FTW's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Oil & Gas Refining & Marketing 11 127.9%120.7%484.3% PBF 748% · MPC 721% · VLO 662%
Integrated Oil & Gas 7 41.9%57.3%263.3% IMO 435% · SU 355% · CVE 340%
Oil & Gas Storage & Transportation 18 33.9%116.5%212.0% INSW 1041% · LPG 981% · TRGP 626%
Oil & Gas Equipment & Services 34 49.6%21.9%117.8% SEI 1073% · FTI 1002% · TDW 700%
Coal & Consumable Fuels 14 -10.0%33.0%94.7% EU 799% · CCJ 340% · CNR 327%
Oil & Gas Drilling 7 66.4%3.8%94.3% PDS 169% · VAL 166% · NE 99%
Oil & Gas Exploration & Production ← 51 28.9%15.1%93.5% KGEI 10187% · OBE 7421% · EP 2332%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

FTWAMPYEPMREIVTSGRNTMedian
NamePresidio.Amplify .Evolutio.Ring Ene.Vitesse .Granite . 
Mkt Price10.104.503.861.4617.514.904.70
Mkt Cap0.30.2-0.30.70.60.3
Rev LTM170213-324284496284
Op Inc LTM272-992010227
FCF LTM-172-67-2035-102-67
FCF 3Y Avg--20-926-76-5
CFO LTM-1697-156136256136
CFO 3Y Avg-51-174146278160

Growth & Margins

FTWAMPYEPMREIVTSGRNTMedian
NamePresidio.Amplify .Evolutio.Ring Ene.Vitesse .Granite . 
Rev Chg LTM--23.7%--3.2%8.5%14.6%2.7%
Rev Chg 3Y Avg--17.1%--3.2%-5.2%-3.2%
Rev Chg Q33.5%-22.9%-26.7%11.3%36.7%26.7%
QoQ Delta Rev Chg LTM11.4%-6.9%-7.3%3.4%8.8%7.3%
Op Inc Chg LTM--82.4%--0.1%-43.4%-12.6%-28.0%
Op Inc Chg 3Y Avg--71.8%--13.6%--16.0%-16.0%
Op Mgn LTM16.1%1.1%-30.6%7.0%20.6%16.1%
Op Mgn 3Y Avg-7.5%-33.9%15.5%24.8%20.1%
QoQ Delta Op Mgn LTM1.3%6.9%-6.6%0.6%4.2%4.2%
CFO/Rev LTM-99.2%3.4%-48.1%47.9%51.7%47.9%
CFO/Rev 3Y Avg-17.8%-49.8%55.1%63.8%52.5%
FCF/Rev LTM-101.1%-31.6%-6.3%12.2%-20.7%-20.7%
FCF/Rev 3Y Avg--10.0%-2.2%9.5%-16.8%-3.9%

Valuation

FTWAMPYEPMREIVTSGRNTMedian
NamePresidio.Amplify .Evolutio.Ring Ene.Vitesse .Granite . 
Mkt Cap0.30.2-0.30.70.60.3
P/S1.60.9-1.12.61.31.3
P/Op Inc9.975.9-3.437.06.39.9
P/EBIT19.44.2--1.6-215.8874.44.2
P/E53.78.2--1.6-65.4-23.2-1.6
P/CFO-1.625.4-2.25.42.52.5
Total Yield3.2%12.2%--64.5%10.5%4.7%4.7%
Dividend Yield1.3%0.0%-0.0%12.0%9.0%1.3%
FCF Yield 3Y Avg--14.1%--0.8%3.3%-11.0%-5.9%
D/E1.30.0-1.10.20.70.7
Net D/E1.1-0.1-1.10.20.70.7

Returns

FTWAMPYEPMREIVTSGRNTMedian
NamePresidio.Amplify .Evolutio.Ring Ene.Vitesse .Granite . 
1M Rtn-10.7%-6.6%9.3%-1.4%4.8%-2.0%-1.7%
3M Rtn-17.0%9.0%0.0%28.1%12.0%6.8%7.9%
6M Rtn-18.4%-31.0%-14.0%-2.7%-7.5%-6.7%-10.7%
12M Rtn0.9%0.7%-18.9%49.0%-16.7%-0.9%-0.1%
3Y Rtn0.9%-33.7%-23.3%-21.9%5.8%5.2%-10.5%
1M Excs Rtn-8.7%-5.3%16.3%2.8%7.4%-2.5%0.1%
3M Excs Rtn-19.0%7.0%-2.0%26.1%10.0%4.8%5.9%
6M Excs Rtn-30.0%-44.6%-29.4%-19.1%-21.5%-21.8%-25.6%
12M Excs Rtn-15.1%-13.6%-37.3%23.1%-36.8%-19.0%-17.0%
3Y Excs Rtn-70.4%-108.5%-98.4%-97.9%-73.9%-59.7%-85.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023
Acquisition, development, exploration, and production of oil and natural gas properties192230
Total192230


Price Behavior

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FTW Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta0.30-0.060.06-0.31-0.13-0.20
Up Beta-0.290.15-0.31-0.270.080.47
Down Beta0.22-0.78-0.07-0.330.440.76
Up Capture41%-22%8%-12%-5%-1%
Bmk +ve Days10213268138427
Stock +ve Days81526545454
Down Capture106%41%44%-55%-35%-19%
Bmk -ve Days11213259113324
Stock -ve Days102332616161

[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 FTW
FTW-19.0%34.4%-1.09-
Sector ETF (XLE)46.5%21.8%1.6616.7%
Equity (SPY)16.9%12.9%0.94-3.3%
Gold (GLD)19.1%29.3%0.60-9.5%
Commodities (DBC)46.3%20.6%1.7310.6%
Real Estate (VNQ)4.9%13.6%0.10-11.6%
Bitcoin (BTCUSD)-30.6%44.3%-0.70-4.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FTW
FTW-4.1%34.4%-1.09-
Sector ETF (XLE)26.3%25.7%0.8916.7%
Equity (SPY)12.9%17.2%0.57-3.3%
Gold (GLD)19.1%18.8%0.83-9.5%
Commodities (DBC)11.2%19.5%0.4510.6%
Real Estate (VNQ)1.1%18.8%-0.05-11.6%
Bitcoin (BTCUSD)12.5%52.5%0.42-4.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FTW
FTW-2.1%34.4%-1.09-
Sector ETF (XLE)10.3%29.6%0.3816.7%
Equity (SPY)15.1%18.0%0.72-3.3%
Gold (GLD)12.1%16.4%0.61-9.5%
Commodities (DBC)8.3%18.1%0.3710.6%
Real Estate (VNQ)4.4%20.7%0.18-11.6%
Bitcoin (BTCUSD)62.6%66.2%1.02-4.3%

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Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.8 Mil
Short Interest: % Change Since 815202624.4%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest7.8 days
Basic Shares Quantity26.8 Mil
Short % of Basic Shares3.0%

Earnings Returns History

Updated 9/17/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/20260.8%4.2%-6.0%
SUMMARY STATS   
# Positive110
# Negative001
Median Positive0.8%4.2% 
Median Negative  -6.0%
Max Positive0.8%4.2% 
Max Negative  -6.0%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/14/20260.8%4.2%-6.0%
SUMMARY STATS   
# Positive110
# Negative001
Median Positive0.8%4.2% 
Median Negative  -6.0%
Max Positive0.8%4.2% 
Max Negative  -6.0%

SEC Filings

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Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/15/202610-Q
09/30/202501/30/2026424B3
06/30/202510/03/2025S-4/A
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Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/15/202610-Q
09/30/202501/30/2026424B3
06/30/202510/03/2025S-4/A
Core Cache Last Updated: 9/20/2026