Golden Entertainment (GDEN)
Market Price (4/23/2026): $28.07 | Market Cap: $734.7 MilSector: Consumer Discretionary | Industry: Casinos & Gaming
Golden Entertainment (GDEN)
Market Price (4/23/2026): $28.07Market Cap: $734.7 MilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% Attractive yieldDividend Yield is 3.6% Low stock price volatilityVol 12M is 44% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Gaming & Casino Operations, and Hospitality & Resorts. | Weak multi-year price returns2Y Excs Rtn is -52%, 3Y Excs Rtn is -96% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 34x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -5.2% Key risksGDEN key risks include [1] high sensitivity to economic downturns impacting discretionary spending, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Attractive yieldDividend Yield is 3.6% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Gaming & Casino Operations, and Hospitality & Resorts. |
| Weak multi-year price returns2Y Excs Rtn is -52%, 3Y Excs Rtn is -96% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 34x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -5.2% |
| Key risksGDEN key risks include [1] high sensitivity to economic downturns impacting discretionary spending, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Advancement of Privatization Transaction.
Golden Entertainment's stock experienced a positive trend following the progression of its definitive agreements to be taken private. Announced in November 2025, these agreements involve the sale of operating assets to CEO Blake L. Sartini and casino real estate assets to VICI Properties. Shareholders approved this Master Transaction Agreement on April 1, 2026, signaling a clear path towards the expected mid-2026 closing, where the company's common stock will no longer be listed.
2. Consistent Shareholder Dividends.
The company demonstrated a commitment to shareholder returns by maintaining its quarterly cash dividend. Golden Entertainment paid a dividend of $0.25 per share on January 6, 2026, and authorized another $0.25 per share payable on April 1, 2026. This consistent payout likely contributed to investor confidence during the specified period.
Show more
Stock Movement Drivers
Fundamental Drivers
The 4.1% change in GDEN stock from 12/31/2025 to 4/22/2026 was primarily driven by a 5.6% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.94 | 28.06 | 4.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 643 | 635 | -1.3% |
| P/S Multiple | 1.1 | 1.2 | 5.6% |
| Shares Outstanding (Mil) | 26 | 26 | 0.0% |
| Cumulative Contribution | 4.1% |
Market Drivers
12/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| GDEN | 4.1% | |
| Market (SPY) | -5.4% | 15.9% |
| Sector (XLY) | -0.4% | 23.5% |
Fundamental Drivers
The 21.2% change in GDEN stock from 9/30/2025 to 4/22/2026 was primarily driven by a 23.5% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.16 | 28.06 | 21.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 650 | 635 | -2.3% |
| P/S Multiple | 0.9 | 1.2 | 23.5% |
| Shares Outstanding (Mil) | 26 | 26 | 0.4% |
| Cumulative Contribution | 21.2% |
Market Drivers
9/30/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| GDEN | 21.2% | |
| Market (SPY) | -2.9% | -2.0% |
| Sector (XLY) | -0.5% | -1.9% |
Fundamental Drivers
The 10.4% change in GDEN stock from 3/31/2025 to 4/22/2026 was primarily driven by a 12.1% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.43 | 28.06 | 10.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 667 | 635 | -4.8% |
| P/S Multiple | 1.0 | 1.2 | 12.1% |
| Shares Outstanding (Mil) | 27 | 26 | 3.4% |
| Cumulative Contribution | 10.4% |
Market Drivers
3/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| GDEN | 10.4% | |
| Market (SPY) | 16.3% | 23.0% |
| Sector (XLY) | 21.2% | 24.2% |
Fundamental Drivers
The -26.7% change in GDEN stock from 3/31/2023 to 4/22/2026 was primarily driven by a -43.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.30 | 28.06 | -26.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,122 | 635 | -43.4% |
| P/S Multiple | 1.0 | 1.2 | 19.4% |
| Shares Outstanding (Mil) | 28 | 26 | 8.4% |
| Cumulative Contribution | -26.7% |
Market Drivers
3/31/2023 to 4/22/2026| Return | Correlation | |
|---|---|---|
| GDEN | -26.7% | |
| Market (SPY) | 63.3% | 35.0% |
| Sector (XLY) | 62.7% | 36.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GDEN Return | 154% | -26% | 12% | -18% | -11% | 5% | 61% |
| Peers Return | 43% | -37% | 14% | 2% | 5% | -2% | 8% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 88% |
Monthly Win Rates [3] | |||||||
| GDEN Win Rate | 83% | 42% | 50% | 33% | 33% | 50% | |
| Peers Win Rate | 58% | 33% | 52% | 48% | 60% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GDEN Max Drawdown | -15% | -34% | -14% | -30% | -35% | -4% | |
| Peers Max Drawdown | -12% | -46% | -14% | -20% | -28% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BYD, RRR, ACEL, CZR, BALY. See GDEN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)
How Low Can It Go
| Event | GDEN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -48.4% | -25.4% |
| % Gain to Breakeven | 93.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -82.3% | -33.9% |
| % Gain to Breakeven | 464.6% | 51.3% |
| Time to Breakeven | 333 days | 148 days |
| 2018 Correction | ||
| % Loss | -63.4% | -19.8% |
| % Gain to Breakeven | 173.5% | 24.7% |
| Time to Breakeven | 697 days | 120 days |
Compare to BYD, RRR, ACEL, CZR, BALY
In The Past
Golden Entertainment's stock fell -48.4% during the 2022 Inflation Shock from a high on 4/1/2022. A -48.4% loss requires a 93.9% 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 Golden Entertainment (GDEN)
AI Analysis | Feedback
Here are a few brief analogies for Golden Entertainment (GDEN):
- Golden Entertainment is like a regional **MGM Resorts** or **Caesars Entertainment**, but with an added significant business line of placing slot machines in local bars and owning dozens of taverns.
- Imagine a diversified entertainment company that's part traditional casino operator (similar to a regional **Wynn Resorts**) and part widespread 'local gaming network' that supplies slot machines to hundreds of non-casino venues like restaurants and convenience stores.
AI Analysis | Feedback
- Nevada Casino Resorts: Operates large destination casino resort properties offering gaming, lodging, dining, and entertainment for tourists.
- Nevada Locals Casinos: Manages casino properties specifically designed to cater to local customers for gaming and related amenities.
- Maryland Casino Resort: Operates the Rocky Gap casino resort, providing gaming, lodging, dining, a golf course, and spa services.
- Distributed Gaming: Provides and operates slot machines and other amusement devices in non-casino venues such as bars, restaurants, and convenience stores.
- Tavern Operations: Owns and operates traditional taverns, offering food, beverages, and often housing distributed gaming devices.
AI Analysis | Feedback
Golden Entertainment (GDEN) primarily sells its entertainment and hospitality services directly to individual customers.
The company serves the following categories of customers:
- Leisure Travelers and Tourists: Individuals visiting Golden Entertainment's destination casino resorts in Nevada and Maryland for vacations, entertainment, dining, and lodging.
- Local Residents: Customers residing in the areas surrounding Golden Entertainment's Nevada Locals Casinos, owned taverns, and other distributed gaming locations (such as restaurants, bars, and convenience stores), who frequent these establishments for gaming, dining, and social activities.
- Event and Conference Attendees: Individuals participating in business meetings, conventions, and other organized events hosted at Golden Entertainment's resort properties.
AI Analysis | Feedback
International Game Technology PLC (Symbol: IGT)
Light & Wonder, Inc. (Symbol: LNW)
AI Analysis | Feedback
Blake L. Sartini, Chairman and Chief Executive Officer
Blake L. Sartini serves as the Chairman and Chief Executive Officer of Golden Entertainment, Inc.. He assumed this role in July 2015 following the merger of Golden Gaming and Lakes Entertainment. Prior to the merger, Mr. Sartini founded Golden Gaming, LLC in 2001 and served as its Chief Executive Officer. He also established Sartini Gaming in January 2012, where he was President and Chief Executive Officer. Earlier in his career, Mr. Sartini founded Southwest Gaming Services in 1985, a company he later sold to Station Casinos. He subsequently held various management and executive positions with Station Casinos, Inc. from 1985 to 2001, including Executive Vice President and Chief Operating Officer, and served as a director from 1993 to 2001.
Charles H. Protell, President and Chief Financial Officer
Charles H. Protell is the President and Chief Financial Officer of Golden Entertainment. He joined the company in November 2016 as Executive Vice President, Chief Strategy Officer, and Chief Financial Officer, and was promoted to President in August 2019. Before joining Golden Entertainment, Mr. Protell dedicated nearly 20 years to corporate advisory and investment banking, with a focus on the gaming, lodging, and leisure sectors. His experience includes serving as a Managing Director at Macquarie Capital's investment banking group since May 2011 and as a co-founder and Managing Director at REGAL Capital Advisors from January 2009 until its acquisition by Macquarie Capital in May 2011. He also held investment banking positions at Credit Suisse, Deutsche Bank, and CIBC World Markets. Mr. Protell advised Golden Entertainment's predecessor companies since 2010, including Lakes Entertainment during its merger with Sartini Gaming.
Blake L. Sartini II, Executive Vice President and Chief Operating Officer
Blake L. Sartini II was promoted to Executive Vice President and Chief Operating Officer in March 2024. He joined Golden Gaming in January 2010. In July 2015, in connection with the Sartini Gaming Merger, he was named Senior Vice President of Distributed Gaming. He was later promoted to Executive Vice President of Operations in June 2021. In his current role, he oversees all of the company's operating casinos, including The STRAT Hotel, Casino & Tower, Aquarius Casino Resort, and Edgewater Casino Resort, in addition to the company's tavern and distributed gaming operations.
Stephen A. Arcana, Chief Development Officer
Stephen A. Arcana transitioned to the newly created role of Chief Development Officer in March 2024. Prior to this, he served as Executive Vice President and Chief Operating Officer of Golden Entertainment, Inc. since July 2015. Mr. Arcana joined Golden Gaming in 2003 and played a key role in the company's expansion from a privately held slot machine route operation to a publicly traded gaming company. His previous experience includes executive positions with Station Casinos, LLC, and 10 years in hotel operations and food and beverage at the Sands Hotel in Atlantic City, New Jersey.
Mrs. Pulliam, Senior Vice President and Chief Accounting Officer
Mrs. Pulliam has served as the Senior Vice President and Chief Accounting Officer of Golden Entertainment since March 2025. She began her tenure with Golden in July 2020 as Director of Financial Reporting, Technical and Corporate Accounting. She was subsequently promoted to Vice President of Financial Reporting, Technical and Corporate Accounting in April 2022.
AI Analysis | Feedback
The key risks to Golden Entertainment's business are:- Reliance on Discretionary Consumer Spending and Economic Downturns: Golden Entertainment's business model is highly dependent on consumer discretionary spending for entertainment and gambling. During periods of economic uncertainty, inflation, or a broader economic slowdown, consumers tend to reduce expenditures on leisure activities, which directly impacts the company's revenue across its Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming segments. A decline in local disposable income could lead to reduced gaming activity and lower revenues from taverns and distributed gaming operations. Such economic headwinds could also constrain the company's ability to execute growth strategies.
- Lack of Competitive Advantage and Declining Margins: Golden Entertainment appears to lack a strong competitive advantage, as evidenced by continuous declines in EBITDA margins across its Casino Resorts, Local Casinos, and Taverns segments since 2021, despite an increase in visitor volumes in Las Vegas. The occupancy rate of The STRAT, a flagship property, has remained significantly lower than the Las Vegas average and has not recovered to pre-pandemic levels, even after major renovations. This indicates challenges in generating optimal returns from investments and a potential inability to effectively compete, leading to downward trending revenue and mediocre free cash flow margins.
- Significant Geographic Concentration: A substantial portion of Golden Entertainment's revenue, approximately 85% in 2024, is derived from Nevada. This high geographic concentration makes the company particularly vulnerable to regional economic swings, tourism trends, and potential changes in Nevada-specific gaming taxes or regulatory fees. Such localized impacts could sharply cut margins and limit the company's ability to diversify risks or offset losses with stronger performance in other markets.
AI Analysis | Feedback
The proliferation and increasing acceptance of online and mobile real-money gaming platforms pose a clear emerging threat, particularly to Golden Entertainment's Distributed Gaming segment. This segment relies on customers playing slot machines and amusement devices in non-casino locations like restaurants, bars, and convenience stores. As mobile gaming applications become more sophisticated, convenient, and legally available, they offer an alternative for casual gambling that significantly surpasses the accessibility and convenience of physical machines in fixed locations, potentially eroding the customer base and revenue for this segment. This mirrors historical disruptions where more convenient and accessible alternatives displaced traditional, less flexible services, such as Uber threatening traditional taxicab businesses.
AI Analysis | Feedback
Golden Entertainment (GDEN) operates in several distinct entertainment markets. The addressable market sizes for their main products and services are as follows:
- Nevada Casino Resorts and Nevada Locals Casinos: The total gaming revenue for the state of Nevada, which encompasses both casino resorts and local casinos, reached a record $15.8 billion in 2025. This market size is for the U.S. state of Nevada.
- Maryland Casino Resort: The casino gaming revenue for Maryland's six casinos for the first eight months of Fiscal Year 2026 (July 2025 through February 2026) was $1.264 billion. This market size is for the U.S. state of Maryland.
- Distributed Gaming (slot machines and amusement devices in non-casino locations): null
AI Analysis | Feedback
nullAI Analysis | Feedback
Share Repurchases
- Golden Entertainment authorized a $100 million share repurchase program on July 27, 2023, which was subsequently increased by an additional $100 million on November 5, 2024.
- The company repurchased approximately $9.1 million of common stock in 2023 and $91.5 million in 2024.
- In the first two quarters of 2025, Golden Entertainment repurchased $7.6 million in Q1 and $14.6 million in Q2.
Outbound Investments
- Golden Entertainment completed the sale of Rocky Gap Casino Resort on July 25, 2023, for $260.0 million.
- The company divested its distributed gaming operations in Montana on September 13, 2023, for $109.0 million and its Nevada distributed gaming operations on January 10, 2024, for $213.5 million.
- On November 6, 2025, Golden Entertainment entered into definitive agreements to sell its operating assets to Blake L. Sartini and affiliates and seven casino real estate assets to VICI Properties Inc., a transaction expected to close in mid-2026.
Capital Expenditures
- The company has focused on capital expenditures related to operational efficiency and investing in its own assets.
- A $50 million renovation project at The STRAT, aimed at upgrading rooms and adding food and beverage concepts, is expected to be completed by mid-2025.
- Atomic Golf, a $75 million golf entertainment complex located behind The STRAT, was on track to open in January (2024).
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to GDEN.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | SKY | Champion Homes | 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 | 0.0% | 0.0% | 0.0% |
| 03272026 | DPZ | Domino's Pizza | 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 | 3.1% | 3.1% | 0.0% |
| 03272026 | ETSY | Etsy | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.6% | 5.6% | 0.0% |
| 03272026 | OLLI | Ollie's Bargain Outlet | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 3.1% | 3.1% | 0.0% |
| 03272026 | PATK | Patrick Industries | 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 | 3.4% | 3.4% | -1.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 27.77 |
| Mkt Cap | 2.1 |
| Rev LTM | 2,272 |
| Op Inc LTM | 362 |
| FCF LTM | 289 |
| FCF 3Y Avg | 110 |
| CFO LTM | 610 |
| CFO 3Y Avg | 551 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.9% |
| Rev Chg 3Y Avg | 5.7% |
| Rev Chg Q | 3.7% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | 0.3% |
| Op Inc Chg 3Y Avg | 3.0% |
| Op Mgn LTM | 13.1% |
| Op Mgn 3Y Avg | 14.2% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 13.1% |
| CFO/Rev 3Y Avg | 12.7% |
| FCF/Rev LTM | 5.6% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.1 |
| P/S | 1.0 |
| P/Op Inc | 8.5 |
| P/EBIT | 4.2 |
| P/E | 1.3 |
| P/CFO | 6.7 |
| Total Yield | 3.9% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 4.3% |
| D/E | 0.9 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.6% |
| 3M Rtn | 1.9% |
| 6M Rtn | 9.2% |
| 12M Rtn | 8.1% |
| 3Y Rtn | 1.7% |
| 1M Excs Rtn | -3.9% |
| 3M Excs Rtn | -1.9% |
| 6M Excs Rtn | 3.8% |
| 12M Excs Rtn | -26.1% |
| 3Y Excs Rtn | -69.3% |
Comparison Analyses
Price Behavior
| Market Price | $28.06 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 08/04/2015 | |
| Distance from 52W High | -11.4% | |
| 50 Days | 200 Days | |
| DMA Price | $27.80 | $26.31 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 0.9% | 6.6% |
| 3M | 1YR | |
| Volatility | 17.2% | 44.3% |
| Downside Capture | -0.00 | 0.11 |
| Upside Capture | 19.26 | 29.54 |
| Correlation (SPY) | 14.6% | 11.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.42 | 0.31 | 0.20 | -0.08 | 0.56 | 0.90 |
| Up Beta | -0.70 | -0.44 | -0.45 | 0.37 | 0.70 | 0.88 |
| Down Beta | 0.69 | 0.72 | 0.58 | -0.07 | 0.62 | 0.87 |
| Up Capture | -12% | 27% | 9% | 5% | 27% | 50% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 9 | 21 | 29 | 59 | 113 | 350 |
| Down Capture | 72% | 28% | 21% | -37% | 50% | 103% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 20 | 33 | 66 | 136 | 394 |
[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 GDEN | |
|---|---|---|---|---|
| GDEN | 14.6% | 44.4% | 0.41 | - |
| Sector ETF (XLY) | 32.7% | 19.2% | 1.35 | 14.3% |
| Equity (SPY) | 26.7% | 12.5% | 1.77 | 11.5% |
| Gold (GLD) | 38.9% | 27.4% | 1.19 | -4.1% |
| Commodities (DBC) | 23.5% | 16.2% | 1.32 | -2.1% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 23.8% |
| Bitcoin (BTCUSD) | -12.8% | 42.6% | -0.21 | 4.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDEN | |
|---|---|---|---|---|
| GDEN | 1.7% | 42.9% | 0.17 | - |
| Sector ETF (XLY) | 6.7% | 23.8% | 0.25 | 46.7% |
| Equity (SPY) | 10.5% | 17.1% | 0.48 | 45.4% |
| Gold (GLD) | 21.5% | 17.8% | 0.99 | 1.2% |
| Commodities (DBC) | 10.7% | 18.8% | 0.47 | 11.5% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 39.1% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 22.8% |
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 GDEN | |
|---|---|---|---|---|
| GDEN | 13.1% | 54.8% | 0.45 | - |
| Sector ETF (XLY) | 12.8% | 22.0% | 0.53 | 51.3% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 52.3% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 3.7% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 20.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 47.8% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 14.5% |
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 |
| 2/27/2026 | 1.4% | -1.1% | -8.2% |
| 11/6/2025 | 34.3% | 40.0% | 31.8% |
| 8/7/2025 | -5.8% | -5.5% | -8.1% |
| 5/8/2025 | 5.3% | 12.9% | 5.8% |
| 2/27/2025 | 0.8% | -4.3% | -13.2% |
| 11/7/2024 | 4.6% | 7.9% | 7.5% |
| 8/8/2024 | 2.0% | 6.8% | 11.9% |
| 2/29/2024 | -7.6% | -7.9% | -0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 13 |
| # Negative | 8 | 10 | 8 |
| Median Positive | 2.2% | 8.1% | 8.3% |
| Median Negative | -5.7% | -5.4% | -10.1% |
| Max Positive | 34.3% | 40.0% | 31.8% |
| Max Negative | -9.4% | -9.4% | -18.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.