Golden Entertainment (GDEN)
Market Price (12/23/2025): $27.0 | Market Cap: $706.5 MilSector: Consumer Discretionary | Industry: Casinos & Gaming
Golden Entertainment (GDEN)
Market Price (12/23/2025): $27.0Market Cap: $706.5 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 15% | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -102% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% |
| Attractive yieldDividend Yield is 3.8%, FCF Yield is 7.7% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 130x | |
| Low stock price volatilityVol 12M is 48% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -4.0% | |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Gaming & Casino Operations, and Hospitality & Resorts. | 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 15% |
| Attractive yieldDividend Yield is 3.8%, FCF Yield is 7.7% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Gaming & Casino Operations, and Hospitality & Resorts. |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -102% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 130x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -4.0% |
| Key risksGDEN key risks include [1] high sensitivity to economic downturns impacting discretionary spending, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points explaining the 10.8% movement in Golden Entertainment (GDEN) stock from approximately August 31, 2025, to December 23, 2025: **1. Definitive Agreement for Acquisition Announced.** On November 6, 2025, Golden Entertainment announced it had entered into a definitive agreement to be acquired by its CEO, Blake L. Sartini, and his affiliates. **2. Substantial Acquisition Premium for Shareholders.** The acquisition deal valued Golden Entertainment at $30.00 per share, which represented a significant 41% premium to the company's closing share price on November 5, 2025. This premium immediately drove a surge in the stock price. **3. Strategic Sale-Leaseback Transaction with VICI Properties.** As an integral part of the acquisition, Golden Entertainment would sell seven of its casino real estate assets to VICI Properties Inc. in a sale-leaseback transaction. This strategic move provided substantial capital and a clear path for the operating assets. **4. Strong Insider Commitment and Shareholder Support.** Blake Sartini and affiliated trusts, collectively holding approximately 25% of Golden Entertainment's voting power, signed a voting and support agreement endorsing the transaction. This significant insider commitment underscored confidence in the deal. **5. Analyst Price Targets Reflecting Acquisition Value.** Following the acquisition announcement, the stock's value aligned closely with the offered acquisition price, and analysts' consensus price targets, even with some rating adjustments to "Hold" due to limited remaining upside, indicated an average target around $32.60 by December 22, 2025, reflecting the new valuation established by the acquisition. Show moreStock Movement Drivers
Fundamental Drivers
The 13.4% change in GDEN stock from 9/22/2025 to 12/22/2025 was primarily driven by a 216.4% change in the company's P/E Multiple.| 9222025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 23.81 | 27.01 | 13.42% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 649.90 | 643.49 | -0.99% |
| Net Income Margin (%) | 2.35% | 0.85% | -63.96% |
| P/E Multiple | 40.97 | 129.65 | 216.43% |
| Shares Outstanding (Mil) | 26.28 | 26.17 | 0.45% |
| Cumulative Contribution | 13.41% |
Market Drivers
9/22/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| GDEN | 13.4% | |
| Market (SPY) | 2.7% | -5.2% |
| Sector (XLY) | 1.9% | -7.8% |
Fundamental Drivers
The -6.3% change in GDEN stock from 6/23/2025 to 12/22/2025 was primarily driven by a -50.9% change in the company's Net Income Margin (%).| 6232025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 28.82 | 27.01 | -6.27% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 653.61 | 643.49 | -1.55% |
| Net Income Margin (%) | 1.72% | 0.85% | -50.86% |
| P/E Multiple | 67.81 | 129.65 | 91.21% |
| Shares Outstanding (Mil) | 26.51 | 26.17 | 1.31% |
| Cumulative Contribution | -6.29% |
Market Drivers
6/23/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| GDEN | -6.3% | |
| Market (SPY) | 14.4% | 2.9% |
| Sector (XLY) | 14.3% | 4.3% |
Fundamental Drivers
The -9.9% change in GDEN stock from 12/22/2024 to 12/22/2025 was primarily driven by a -83.8% change in the company's Net Income Margin (%).| 12222024 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 29.99 | 27.01 | -9.92% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 733.30 | 643.49 | -12.25% |
| Net Income Margin (%) | 5.23% | 0.85% | -83.82% |
| P/E Multiple | 22.00 | 129.65 | 489.47% |
| Shares Outstanding (Mil) | 28.15 | 26.17 | 7.06% |
| Cumulative Contribution | -10.37% |
Market Drivers
12/22/2024 to 12/22/2025| Return | Correlation | |
|---|---|---|
| GDEN | -9.9% | |
| Market (SPY) | 16.9% | 29.1% |
| Sector (XLY) | 7.8% | 31.0% |
Fundamental Drivers
The -20.0% change in GDEN stock from 12/23/2022 to 12/22/2025 was primarily driven by a -89.5% change in the company's Net Income Margin (%).| 12232022 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 33.75 | 27.01 | -19.97% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1123.97 | 643.49 | -42.75% |
| Net Income Margin (%) | 8.04% | 0.85% | -89.47% |
| P/E Multiple | 10.64 | 129.65 | 1118.09% |
| Shares Outstanding (Mil) | 28.50 | 26.17 | 8.21% |
| Cumulative Contribution | -20.51% |
Market Drivers
12/23/2023 to 12/22/2025| Return | Correlation | |
|---|---|---|
| GDEN | -27.5% | |
| Market (SPY) | 47.7% | 32.8% |
| Sector (XLY) | 38.4% | 36.5% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GDEN Return | 3% | 154% | -26% | 12% | -18% | -9% | 62% |
| Peers Return | 30% | 43% | -37% | 14% | 2% | 8% | 47% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 113% |
Monthly Win Rates [3] | |||||||
| GDEN Win Rate | 50% | 83% | 42% | 50% | 33% | 33% | |
| Peers Win Rate | 62% | 58% | 33% | 52% | 48% | 62% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| GDEN Max Drawdown | -80% | -15% | -34% | -14% | -30% | -35% | |
| Peers Max Drawdown | -74% | -12% | -46% | -14% | -20% | -28% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[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] 2025 data is for the year up to 12/22/2025 (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 CHDN, BYD, MCRI, FLL, LVS
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.
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AI Analysis | Feedback
Here are 1-3 brief analogies for Golden Entertainment (GDEN):
- Like a regional casino operator such as Boyd Gaming, but with a significant business running slot machines in local taverns and convenience stores.
- Think of it as a smaller, more locally-focused Caesars Entertainment, also managing a large network of slot machines in bars and taverns.
- A casino company similar to Penn Entertainment, but also a major operator of slot machines placed in third-party taverns and other venues.
AI Analysis | Feedback
```html- Casino Resorts: Operates full-service casino resorts offering gaming, lodging, dining, and entertainment.
- Distributed Gaming: Installs, maintains, and operates slot machines and other gaming devices in non-casino locations like taverns and convenience stores.
- Tavern Operations: Manages and operates a portfolio of proprietary taverns and restaurants that often feature gaming machines.
AI Analysis | Feedback
Golden Entertainment (symbol: GDEN) primarily serves individual customers. Its customer base can be categorized into the following groups:
- Leisure Guests and Tourists: This segment includes individuals and groups visiting Golden Entertainment's casino resorts for vacation, entertainment, and relaxation. They utilize amenities such as hotels, dining, spas, and entertainment venues, often including gaming activities as part of their leisure experience.
- Casino Patrons and Gamblers: Individuals who specifically frequent Golden Entertainment's properties, including both casino resorts and standalone casinos, primarily for gaming activities. This category encompasses both local residents and tourists whose main purpose is to engage in gambling.
- Local Patrons of Taverns and Entertainment Venues: Residents from communities surrounding Golden Entertainment's taverns, restaurants, and entertainment venues who visit for dining, drinks, social gatherings, and local entertainment, without necessarily engaging in overnight stays or extensive casino gaming.
AI Analysis | Feedback
Major suppliers for Golden Entertainment (GDEN):
- Aristocrat Leisure Limited (ALL)
- International Game Technology PLC (IGT)
- Light & Wonder, Inc. (LNW)
- Everi Holdings Inc. (EVRI)
AI Analysis | Feedback
Blake L. Sartini, Chairman and Chief Executive Officer
Mr. Sartini has been the Chairman and Chief Executive Officer of Golden Entertainment, Inc. since July 29, 2015. He is the founder of Golden Gaming, LLC, established in October 2001. Prior to that, in 1985, he co-founded Southwest Gaming Services, a slot route operator, which he later acquired from Station Casinos in 2001 to form Golden Route Operations. Mr. Sartini served as Executive Vice President, Chief Operating Officer, and a Director at Station Casinos, Inc. from 1993 until 2001 and was one of the four founding members when it became a public entity in May 1993. He also previously held the roles of President and Chief Executive Officer of Sartini Gaming, Inc. Golden Entertainment, under his leadership, acquired American Casino & Entertainment Properties for $850 million, expanding its portfolio with properties like the Stratosphere and Arizona Charlie’s.
Charles H. Protell, President and Chief Financial Officer
Mr. Protell has served as the President and Chief Financial Officer of Golden Entertainment, Inc. since 2019. He initially joined the company in November 2016 as Executive Vice President, Chief Strategy and Financial Officer. Before joining Golden Entertainment, Mr. Protell was a Managing Director at Macquarie Capital's Investment Banking Group from May 2011. He also co-founded and served as Managing Director at REGAL Capital Advisors from January 2009 to May 2011, a company that was later acquired by Macquarie Group Ltd. His career also includes various investment banking roles at Credit Suisse, Deutsche Bank, and CIBC World Markets. Mr. Protell acted as an advisor to Golden Entertainment's predecessor companies since 2010, including advising Lakes Entertainment in its merger with Sartini Gaming in 2015, which led to the creation of Golden Entertainment. He also advised Sartini Gaming on various initiatives, such as its acquisition of distributed gaming operations and casino assets from Affinity Gaming.
Blake L. Sartini II, Executive Vice President and Chief Operating Officer
Mr. Sartini II was promoted to Chief Operating Officer of Golden Entertainment, Inc. on March 20, 2024. He joined Golden in June 2007 and has served in various capacities, including Executive Vice President of Operations and Senior Vice President of Distributed Gaming. In his current role, he is responsible for all Nevada casino resorts, local properties, and tavern operations, and has been instrumental in expanding the company's tavern portfolio to 69 locations. He is the son of the company's Chairman and CEO, Blake L. Sartini.
Stephen A. Arcana, Chief Development Officer
Mr. Arcana transitioned to the role of Chief Development Officer at Golden Entertainment, Inc. on March 20, 2024. Prior to this, he served as the Chief Operating Officer from July 31, 2015. He joined Golden Gaming in 2003 and has overseen the company's operations as it grew from a privately held slot route to a publicly traded gaming company. Mr. Arcana previously held executive positions at Station Casinos, Inc., including Director of Food and Beverage and Corporate Vice President of Food and Beverage, and also served as Vice President and Assistant General Manager at Boulder Station Hotel & Casino. In his current capacity, he focuses on new tavern development, identifying new food and beverage concepts, and exploring opportunities to unlock value from the company's real estate assets.
Viktoryia G. Pulliam, Senior Vice President and Chief Accounting Officer
Ms. Pulliam has served as the Senior Vice President and Chief Accounting Officer of Golden Entertainment, Inc. since March 2025. Her previous roles at Golden Entertainment include Vice President of Financial Reporting, Technical and Corporate Accounting in 2022, and Director of Financial Reporting, Technical and Corporate Accounting in 2020. Before her tenure at Golden Entertainment, she was a Director of Financial Reporting at Everi Holdings Inc. from 2018 to 2020.
AI Analysis | Feedback
The key risks to Golden Entertainment (GDEN) are:
- Economic and Market Conditions: The demand for Golden Entertainment's gaming and entertainment offerings is highly sensitive to economic factors. Downturns in the economy, including fluctuations in unemployment, consumer confidence, and inflation, can significantly impact discretionary spending, thereby adversely affecting the company's revenue across all its segments.
- Regulatory and Legislative Changes: Golden Entertainment operates in a heavily regulated industry and is subject to extensive gaming regulations. Changes in gaming tax laws, increased regulatory scrutiny, or the introduction of new federal, state, or local legislation can materially affect the company's financial performance and business operations.
- Intense Competition: The casino and hospitality industry is characterized by significant competition. The emergence of new competitors, expansions by existing rivals, the growth of online gaming, and the potential legalization of casino gaming in new jurisdictions could intensify this competition, posing a threat to Golden Entertainment's market share.
AI Analysis | Feedback
The accelerating growth and legalization of online gambling (iGaming and online sports betting) in various states pose a clear emerging threat. This trend directly competes with Golden Entertainment's traditional brick-and-mortar casino resorts and, more acutely, with its extensive distributed gaming and tavern operations. As consumers gain more convenient options to gamble from home or on mobile devices, there is a risk of cannibalization of foot traffic and gaming revenue from their physical properties and route operations, akin to how streaming services impacted physical media rentals.
AI Analysis | Feedback
Golden Entertainment (GDEN) operates primarily in the casino and tavern sectors within the United States, predominantly in Nevada. The addressable markets for their main products and services are as follows:
- Casino Gaming Market: The Nevada gaming industry generated over $15.6 billion in total revenue in 2024.
- Tavern Market: The U.S. tavern market generated approximately $25 billion in sales in 2023, with a projected increase to $26 billion in 2024. This market includes bars, taverns, and clubs.
- Distributed Gaming: null
AI Analysis | Feedback
Golden Entertainment (GDEN) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market trends, primarily focused on its Nevada casino and tavern businesses.
-
Increased Las Vegas Strip Visitation and Tourism: The company expects to benefit from an increase in overall visitation to the Las Vegas Strip. Its flagship property, The Strat Hotel, Casino & Tower, is particularly well-positioned to capitalize on this trend, including major events such as Formula 1 races and the Super Bowl, which are projected to drive increased foot traffic and spending.
-
Strategic Enhancements and New Attractions at The Strat: Golden Entertainment has completed significant renovations at The Strat, encompassing rooms, the casino, pool, entertainment venues, and restaurants. The opening of new attractions, such as Atomic Golf, is also expected to further boost visitation and guest spending at the property.
-
Organic Growth and Expansion in Nevada Local Markets: The company's Nevada Locals Casinos segment has consistently demonstrated strong performance and is expected to continue benefiting from favorable demographic trends and an expanding customer base within Nevada. Additionally, Golden Entertainment plans to expand its tavern segment with the addition of new locations, which should strengthen its local market presence and contribute to incremental revenue.
-
Strategic Land Development near The Strat: Golden Entertainment holds valuable land parcels adjacent to The Strat. Active discussions are underway for future development opportunities on these prime locations, which present significant potential to enhance the property's overall appeal and generate new revenue streams.
AI Analysis | Feedback
Share Repurchases
- Golden Entertainment repurchased 2.9 million shares of common stock in 2024 for a total of $91.5 million at an average price of $31.63 per share.
- In 2022, the company repurchased over 1.1 million shares of common stock for a total of $51.2 million. As of December 31, 2022, approximately $61.5 million remained under its existing $75 million share repurchase authorization.
- Golden Entertainment plans to continue its focus on stock buybacks, with approximately $73.1 million available for buybacks under its program as of Q2 FY 2025.
Inbound Investments
- Golden Entertainment is expected to be acquired in a take-private transaction led by CEO Blake Sartini, with a sale-leaseback component involving VICI Properties, anticipated to close in mid-2026.
- As part of this transaction, VICI Properties will acquire seven casino real estate assets for a total of $1.16 billion and will assume and repay up to $426 million of Golden's outstanding debt.
Outbound Investments
- Golden Entertainment completed the sale of its Nevada distributed gaming business in January 2024, which was the last of its non-core divestitures and collectively generated over $600 million of proceeds.
- In July 2023, the company sold Rocky Gap Casino Resort for an aggregate cash consideration of $260 million.
- The company acquired the operations of Lucky's Lounge & Restaurant (four tavern locations in Nevada) for $10.0 million in November 2023, and Great American Pub (two tavern locations in Nevada) for $7.3 million in April 2024.
Capital Expenditures
- Maintenance capital expenditures are estimated to be between $30 million and $35 million for the upcoming year.
- For the nine months ended September 30, 2025, capital expenditures totaled $32.888 million.
- Capital expenditures were $13.4 million in Q2 FY 2025.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to GDEN. For more, see Trefis Trade Ideas.
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| 11262025 | HRB | H&R Block | 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 | 3.9% | 3.9% | -0.1% |
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| 11212025 | ABNB | Airbnb | 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 | 19.9% | 19.9% | 0.0% |
| 11212025 | MTN | Vail Resorts | 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 | 7.5% | 7.5% | -1.6% |
Research & Analysis
Invest in Strategies
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Peer Comparisons for Golden Entertainment
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 26.02 |
| Mkt Cap | 2.4 |
| Rev LTM | 2,263 |
| Op Inc LTM | 355 |
| FCF LTM | 333 |
| FCF 3Y Avg | 63 |
| CFO LTM | 601 |
| CFO 3Y Avg | 540 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.3% |
| Rev Chg 3Y Avg | 5.7% |
| Rev Chg Q | 3.0% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 12.9% |
| Op Mgn 3Y Avg | 14.4% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 14.8% |
| CFO/Rev 3Y Avg | 12.9% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 4.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.4 |
| P/S | 0.9 |
| P/EBIT | 4.4 |
| P/E | 11.7 |
| P/CFO | 7.1 |
| Total Yield | 4.6% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 9.6% |
| 3M Rtn | 4.7% |
| 6M Rtn | 5.1% |
| 12M Rtn | 3.9% |
| 3Y Rtn | 20.5% |
| 1M Excs Rtn | 8.4% |
| 3M Excs Rtn | -0.4% |
| 6M Excs Rtn | -9.5% |
| 12M Excs Rtn | -14.4% |
| 3Y Excs Rtn | -63.0% |
Comparison Analyses
Price Behavior
| Market Price | $27.01 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 08/04/2015 | |
| Distance from 52W High | -17.8% | |
| 50 Days | 200 Days | |
| DMA Price | $26.06 | $26.09 |
| DMA Trend | down | up |
| Distance from DMA | 3.6% | 3.5% |
| 3M | 1YR | |
| Volatility | 75.0% | 48.1% |
| Downside Capture | -54.11 | 76.84 |
| Upside Capture | 14.35 | 54.71 |
| Correlation (SPY) | -4.7% | 29.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.68 | -0.54 | -0.24 | 0.25 | 0.76 | 1.00 |
| Up Beta | -0.65 | 0.85 | 1.05 | 1.33 | 0.77 | 0.91 |
| Down Beta | 0.84 | -0.57 | -1.10 | -0.85 | 0.82 | 0.91 |
| Up Capture | 144% | 30% | 50% | 39% | 51% | 79% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 20 | 28 | 53 | 111 | 348 |
| Down Capture | -456% | -170% | -61% | 46% | 88% | 105% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 21 | 34 | 70 | 134 | 394 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of GDEN With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| GDEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -14.5% | 3.1% | 14.7% | 67.3% | 6.8% | -0.5% | -16.6% |
| Annualized Volatility | 48.1% | 24.7% | 19.7% | 19.3% | 15.2% | 17.6% | 35.4% |
| Sharpe Ratio | -0.19 | 0.07 | 0.57 | 2.54 | 0.23 | -0.18 | -0.25 |
| Correlation With Other Assets | 32.5% | 30.5% | -3.5% | 9.8% | 30.9% | 15.5% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of GDEN With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| GDEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.2% | 10.2% | 15.0% | 18.9% | 11.8% | 5.1% | 35.8% |
| Annualized Volatility | 44.9% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.38 | 0.39 | 0.71 | 0.98 | 0.51 | 0.18 | 0.63 |
| Correlation With Other Assets | 46.6% | 45.8% | 1.5% | 12.7% | 38.9% | 25.4% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of GDEN With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| GDEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 13.1% | 13.3% | 14.9% | 14.9% | 6.7% | 5.5% | 69.9% |
| Annualized Volatility | 54.9% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.45 | 0.56 | 0.71 | 0.84 | 0.30 | 0.23 | 0.90 |
| Correlation With Other Assets | 51.4% | 51.9% | 3.6% | 20.1% | 47.2% | 15.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 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% |
| 11/2/2023 | 16.0% | 12.0% | 18.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 13 |
| # Negative | 8 | 10 | 8 |
| Median Positive | 4.6% | 8.1% | 8.3% |
| Median Negative | -5.7% | -5.7% | -12.6% |
| Max Positive | 34.3% | 40.0% | 31.8% |
| Max Negative | -9.4% | -44.4% | -18.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8082025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2282025 | 10-K 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 8092024 | 10-Q 6/30/2024 |
| 3312024 | 5092024 | 10-Q 3/31/2024 |
| 12312023 | 2292024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5102023 | 10-Q 3/31/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11072022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 3012022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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