Korsana Biosciences (KRSA)


Market Price (9/21/2026): $33.94 | Market Cap: $-Sector: Health Care | Industry: Biotechnology

Korsana Biosciences (KRSA)


Market Price (9/21/2026): $33.94
Market Cap: $-
Sector: Health Care
Industry: Biotechnology

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

0

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Stock price has recently run up significantly
6M Rtn6 month market price return is 2101%, 12M Rtn12 month market price return is 1370%

High stock price volatility
Vol 12M is 610%

Key risks
KRSA key risks include [1] its heavy dependence on the clinical and regulatory success of its lead candidate, Show more.

0 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
1 Stock price has recently run up significantly
6M Rtn6 month market price return is 2101%, 12M Rtn12 month market price return is 1370%
2 High stock price volatility
Vol 12M is 610%
3 Key risks
KRSA key risks include [1] its heavy dependence on the clinical and regulatory success of its lead candidate, Show more.

KRSA in ETFs

Weight = KRSA's share of each fund

ONEQ0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/18/2026

Korsana Biosciences (KRSA) stock has gained about 1010% since 5/31/2026 because of the following key factors:

1. Successful Public Debut via Reverse Merger and Significant Financing.

Korsana Biosciences completed a reverse merger with Cyclerion Therapeutics, Inc. on September 8, 2026, and its shares began trading on the Nasdaq Capital Market under the ticker KRSA on September 9, 2026. This public listing was accompanied by an oversubscribed private placement, raising approximately $380 million. This substantial financing is expected to fund the company's operations into 2029, supporting the advancement of its clinical pipeline.

2. Highly Positive Analyst Coverage and Robust Price Targets.

Following its market debut, Korsana Biosciences received "Buy" ratings and strong price targets from several investment banks. UBS initiated coverage on September 11, 2026, with a "Buy" rating and a price target of $55.00. Stifel followed on September 14, 2026, with a "Buy" rating and a $43.00 price target. TD Cowen also initiated coverage with a "Buy" rating, projecting potential sales of $5.3 billion by 2040 for the company's lead drug candidate, KRSA-028. This widespread analyst confidence contributed significantly to investor enthusiasm.

Show more
Updated on 9/18/2026

Korsana Biosciences (KRSA) stock has gained about 1010% since 5/31/2026 because of the following key factors:

1. Successful Public Debut via Reverse Merger and Significant Financing.

Korsana Biosciences completed a reverse merger with Cyclerion Therapeutics, Inc. on September 8, 2026, and its shares began trading on the Nasdaq Capital Market under the ticker KRSA on September 9, 2026. This public listing was accompanied by an oversubscribed private placement, raising approximately $380 million. This substantial financing is expected to fund the company's operations into 2029, supporting the advancement of its clinical pipeline.

2. Highly Positive Analyst Coverage and Robust Price Targets.

Following its market debut, Korsana Biosciences received "Buy" ratings and strong price targets from several investment banks. UBS initiated coverage on September 11, 2026, with a "Buy" rating and a price target of $55.00. Stifel followed on September 14, 2026, with a "Buy" rating and a $43.00 price target. TD Cowen also initiated coverage with a "Buy" rating, projecting potential sales of $5.3 billion by 2040 for the company's lead drug candidate, KRSA-028. This widespread analyst confidence contributed significantly to investor enthusiasm.

3. Promising Alzheimer's Drug Candidate (KRSA-028) with Differentiated Technology.

Korsana's primary asset, KRSA-028, is a next-generation shuttled monoclonal antibody being developed for Alzheimer's disease. This candidate utilizes a proprietary Therapeutic Targeting (THETA™) platform designed to enhance drug delivery across the blood-brain barrier, improve safety, and offer a more convenient subcutaneous administration route. These features position KRSA-028 as a potential "best-in-class" treatment in a market with significant unmet needs.

4. Anticipated Clinical Trial Milestones in 2027-2028.

Investor interest has been driven by forthcoming clinical trial readouts for KRSA-028. The company anticipates initial Phase 1 healthy volunteer data in mid-2027, with interim proof-of-concept data evaluating amyloid plaque clearance in Alzheimer's disease patients expected by late 2027 or fiscal Q1 2028. These upcoming milestones represent significant catalysts for the stock's performance.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

5/31/2026 to 9/20/2026
ReturnCorrelation
KRSA1010.8% 
Market (SPY)0.9%-5.2%
Sector (XLV)12.7%-4.4%

Fundamental Drivers

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Market Drivers

2/28/2026 to 9/20/2026
ReturnCorrelation
KRSA2491.9% 
Market (SPY)11.6%-0.5%
Sector (XLV)5.5%1.2%

Fundamental Drivers

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Market Drivers

8/31/2025 to 9/20/2026
ReturnCorrelation
KRSA1316.6% 
Market (SPY)19.4%1.4%
Sector (XLV)24.1%2.3%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/20/2026
ReturnCorrelation
KRSA874.7% 
Market (SPY)75.6%1.4%
Sector (XLV)32.3%3.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KRSA Return-44%-62%-74%-4%-61%2555%-45%
Peers Return-5%37%16%-21%24%17%74%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
KRSA Win Rate42%33%25%33%25%78% 
Peers Win Rate42%62%58%42%67%61% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
KRSA Max Drawdown-70%-80%-89%-65%-78%-55% 
Peers Max Drawdown-43%-29%-32%-40%-34%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, ANIX, APMD, ATTO, BLSM.
[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

EventKRSAS&P 500
2025 US Tariff Shock
  % Loss-16.7%-18.8%
  % Gain to Breakeven20.0%23.1%
  Time to Breakeven50 days79 days
2024 Yen Carry Trade Unwind
  % Loss-34.1%-7.8%
  % Gain to Breakeven51.8%8.5%
  Time to Breakeven110 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.6%-9.5%
  % Gain to Breakeven65.4%10.5%
  Time to Breakeven33 days24 days
2023 SVB Regional Banking Crisis
  % Loss-76.5%-6.7%
  % Gain to Breakeven326.1%7.1%
  Time to Breakeven1160 days31 days
2020 COVID-19 Crash
  % Loss-59.4%-33.7%
  % Gain to Breakeven146.4%50.9%
  Time to Breakeven82 days140 days

Compare to VRTX, ANIX, APMD, ATTO, BLSM

In The Past

Korsana Biosciences's stock fell -16.7% during the 2025 US Tariff Shock. Such a loss loss requires a 20.0% 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.

EventKRSAS&P 500
2024 Yen Carry Trade Unwind
  % Loss-34.1%-7.8%
  % Gain to Breakeven51.8%8.5%
  Time to Breakeven110 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.6%-9.5%
  % Gain to Breakeven65.4%10.5%
  Time to Breakeven33 days24 days
2023 SVB Regional Banking Crisis
  % Loss-76.5%-6.7%
  % Gain to Breakeven326.1%7.1%
  Time to Breakeven1160 days31 days
2020 COVID-19 Crash
  % Loss-59.4%-33.7%
  % Gain to Breakeven146.4%50.9%
  Time to Breakeven82 days140 days

Compare to VRTX, ANIX, APMD, ATTO, BLSM

In The Past

Korsana Biosciences's stock fell -16.7% during the 2025 US Tariff Shock. Such a loss loss requires a 20.0% 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 Korsana Biosciences (KRSA)

Korsana Biosciences (KRSA) is a clinical-stage biopharmaceutical company primarily focused on the discovery, development, and commercialization of innovative medicines for serious central nervous system (CNS) diseases. The company utilizes its specialized expertise in soluble guanylate cyclase (sGC) stimulators to develop novel therapies aimed at addressing a range of complex conditions with significant unmet medical needs.

The company's lead product candidate is CY6463, a CNS-penetrant sGC stimulator. This drug is currently in Phase IIa trials for the treatment of mitochondrial encephalomyopathy, lactic acidosis, and stroke-like episodes (MELAS), and for Alzheimer's disease with vascular pathology. Additionally, CY6463 is undergoing Phase 1 trials for adults diagnosed with schizophrenia, reflecting Korsana's commitment to tackling diverse neurological and psychiatric disorders.

Korsana Biosciences' pipeline also includes other sGC stimulators like Praliciguat, an orally administered systemic sGC stimulator in Phase II studies for resistant hypertension and diabetic nephropathy, and Olinciguat, an orally administered vascular sGC stimulator in Phase II for sickle cell disease. The company is also developing CY3018 for other CNS disorders and maintains a licensing agreement with Akebia Therapeutics, Inc., covering the development and commercialization of certain pharmaceutical products.

AI Analysis | Feedback

Here are 1-3 brief analogies for Korsana Biosciences (KRSA):

  • It's like an early-stage Biogen, focused on CNS diseases but with all its drug candidates still in clinical trials.

  • Imagine a nascent Vertex Pharmaceuticals, but specializing in sGC stimulator drugs for a range of serious conditions.

AI Analysis | Feedback

```html
  • CY6463: A CNS-penetrant, soluble guanylate cyclase (sGC) stimulator currently in clinical trials for conditions such as mitochondrial encephalomyopathy, lactic acidosis, and stroke-like episodes, Alzheimer's disease with vascular pathology, and schizophrenia.
  • Praliciguat: An orally administered systemic sGC stimulator undergoing Phase II studies for resistant hypertension and diabetic nephropathy.
  • Olinciguat: An orally administered vascular sGC stimulator in Phase II studies for the treatment of sickle cell disease.
  • CY3018: A development candidate aimed at treating various disorders of the central nervous system (CNS).
```

AI Analysis | Feedback

Korsana Biosciences (KRSA) is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of medicines. As such, it does not sell finished products directly to individual consumers or the general public.

Instead, Korsana Biosciences primarily engages in partnerships and licensing agreements with other pharmaceutical companies for the further development, manufacturing, and commercialization of its drug candidates.

Based on the provided information, Korsana Biosciences has a major licensing agreement with:

  • Akebia Therapeutics, Inc. (AKEB)

Akebia Therapeutics, Inc. is a key partner involved in the development, manufacture, medical affairs, and commercialization of pharmaceutical products under this agreement, and therefore serves as a major "customer" in the context of Korsana's business model.

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Akebia Therapeutics, Inc. (AKBA)

AI Analysis | Feedback

Jonathan Violin, Chief Executive Officer Dr. Violin is the Chief Executive Officer and President of Korsana Biosciences, Inc.. He previously served as interim chief executive officer of Crescent and was a venture partner at Fairmount, a healthcare investment firm. Dr. Violin served as founding CEO for Viridian Therapeutics (formerly Miragen Therapeutics) from 2020 to 2023, where he was also President and Chief Operating Officer. He co-founded Quellis Biosciences, which was acquired by Catabasis Pharmaceuticals in 2021. Dr. Violin also founded Dianthus Therapeutics. Korsana Biosciences was founded in 2024 with seed investment from Fairmount and Venrock Healthcare Capital Partners, and a Series A financing co-led by Wellington Management and TCGX, indicating private equity backing. Mark Vignola, Chief Financial Officer Dr. Vignola is the Chief Financial Officer of Korsana Biosciences, Inc.. He brings over 15 years of experience in corporate finance within the biotechnology sector. Most recently, Dr. Vignola served as Chief Financial Officer at Terns Pharmaceuticals, where he led the company's crossover financing, initial public offering, and multiple follow-on offerings. Prior to that, he was CFO at Applied Therapeutics, where he played a critical role in securing funding through several financing rounds. Earlier in his career, he held leadership roles at Intercept Pharmaceuticals as Head of Corporate Development and Investor Relations and worked as a biotechnology equity research analyst at Needham & Company. Matthew Leoni, Chief Medical Officer Dr. Leoni was appointed Chief Medical Officer of Korsana Biosciences in August 2026. He brings exceptional experience building and scaling innovative biotechnology organizations.

AI Analysis | Feedback

The primary risks for Korsana Biosciences (KRSA) are centered around its position as a clinical-stage biopharmaceutical company focused on neurodegenerative diseases.

  1. Clinical Trial and Regulatory Risk: Korsana Biosciences' success is heavily dependent on the successful clinical development and regulatory approval of its lead drug candidate, KRSA-028, for Alzheimer's disease, as well as any future pipeline candidates. The company expects Phase 1 healthy volunteer data in mid-2027 and interim proof-of-concept data in Alzheimer's patients by year-end 2027 or Q1 2028. Clinical trials are inherently uncertain, and there is no guarantee that KRSA-028 will demonstrate sufficient efficacy or safety to progress through all trial phases or receive necessary regulatory approvals.

  2. Competition in Alzheimer's Disease Treatment: The Alzheimer's disease therapeutic landscape is highly competitive, with existing approved treatments and numerous other companies actively developing new therapies. KRSA-028 is an investigational shuttled monoclonal antibody targeting amyloid beta, a mechanism for which other anti-amyloid antibodies are already approved. Korsana will need to differentiate KRSA-028 and its proprietary Therapeutic Targeting (THETA™) platform effectively to compete for market share if it achieves approval.

  3. Intellectual Property and Platform Risk: Korsana's business model relies significantly on its proprietary Therapeutic Targeting (THETA™) platform, designed to enhance central nervous system (CNS) exposure of therapies. The company's ability to protect its intellectual property related to this platform and its drug candidates through patents and other means is crucial. Any challenges to its patents, or the emergence of more effective or safer competing technologies, could significantly undermine the value of its platform and pipeline.

AI Analysis | Feedback

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AI Analysis | Feedback

Korsana Biosciences (symbol: KRSA) primarily focuses on developing therapeutics for neurodegenerative diseases, with its lead product candidate, KRSA-028, targeting Alzheimer's disease.

The addressable market for Alzheimer's disease treatments is substantial and projected to grow significantly:

  • The global Alzheimer's therapeutics market size was approximately 6.49 billion USD in 2025. It is predicted to increase from 7.79 billion USD in 2026 to approximately 38.61 billion USD by 2035, growing at a Compound Annual Growth Rate (CAGR) of 19.52% from 2026 to 2035. Other estimates place the global market at around 5.038 billion USD in 2025, with a projected CAGR of 23.7% from 2020 to 2034. Another report estimated the market at 5.7 billion USD in 2025, reaching 13.13 billion USD by 2035 with an 8.7% CAGR from 2026 to 2035.
  • For the United States, which is a dominant region in the global market, the Alzheimer's drugs market size was valued at 3.4 billion USD in 2025. This market is expected to reach 5.8 billion USD by 2034, demonstrating a CAGR of 6.04% during the period of 2026-2034. North America held the largest share of the global Alzheimer's therapeutics market, accounting for 46.10% in 2025, and 51.55% of the Alzheimer's drugs market in 2025, with a valuation of 2.10 billion USD in 2025, projected to reach 2.21 billion USD in 2026.

AI Analysis | Feedback

Korsana Biosciences (KRSA) expects its future revenue growth over the next 2-3 years to be primarily driven by the following factors:

  1. Advancement and potential commercialization of KRSA-028 for Alzheimer's disease: The company's lead asset, KRSA-028, is an investigational shuttled monoclonal antibody targeting amyloid beta for Alzheimer's disease. Key milestones anticipated within this timeframe include Phase I healthy volunteer data in mid-2027 and interim proof-of-concept data measuring amyloid plaque clearance in Alzheimer's patients by year-end 2027 or Q1 2028. Successful clinical development, regulatory approval, and subsequent market launch of this therapy would be a significant driver of revenue.
  2. Expansion of the pipeline leveraging the Therapeutic Targeting (THETA™) platform: Korsana Biosciences is focused on discovering and developing novel therapies for neurodegenerative diseases using its proprietary Therapeutic Targeting (THETA™) platform. The company is actively building a broader pipeline to address other neurodegenerative disorders by utilizing this technology. The successful development and eventual commercialization of these new drug candidates would create additional revenue streams.
  3. Strategic partnerships and licensing agreements: As a clinical-stage biotechnology company, Korsana Biosciences could generate future revenue through strategic partnerships or licensing agreements related to its lead asset, KRSA-028, or its proprietary THETA™ platform. Such collaborations can provide upfront payments, milestone payments upon achieving certain development or regulatory benchmarks, and royalties on future product sales.

AI Analysis | Feedback

The capital allocation decisions for Korsana Biosciences (KRSA) over the last 3-5 years reflect significant financing activities, primarily driven by its emergence from stealth and its reverse merger with Cyclerion Therapeutics, Inc.

Share Issuance

  • Prior to the merger closing on September 8, 2026, Cyclerion Therapeutics' common stock underwent a 1-for-7 reverse split, reducing its outstanding shares from approximately 4.7 million to about 0.7 million.
  • In conjunction with the merger, Cyclerion shareholders approved an increase in the authorized common shares from 400,000,000 to 700,000,000.
  • Following the merger, pre-merger Cyclerion shareholders own approximately 1.5% of the combined company, while pre-merger Korsana stockholders hold about 98.5%.

Inbound Investments

  • Korsana Biosciences completed a private placement of $380 million in gross proceeds immediately prior to the merger with Cyclerion Therapeutics.
  • This $380 million financing included common stock and pre-funded warrants and was led by Fairmount and Venrock Healthcare Capital Partners, with participation from numerous other investors.
  • When Korsana Biosciences emerged from stealth in February 2026, it announced $175 million in funding, comprising a $25 million seed investment in 2024 and a $150 million Series A financing round in September 2025.

Outbound Investments

  • Korsana Biosciences has not made any reported investments or acquisitions as of June 2026.

Capital Expenditures

  • Cyclerion Therapeutics reported capital expenditures of approximately -$0.066 million in the most recent quarter.
  • Over the last 12 months, Cyclerion Therapeutics' capital expenditures amounted to approximately -$0.07 million.

Peer Outperformance in Biotechnology

KRSA has outperformed 66% of its 363 Biotechnology peers over 5Y. Biotechnology ranks 10th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that KRSA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
100%
of 455 industry peers · 1370.2% return
3Y
98%
of 402 industry peers · 824.4% return
5Y
66%
of 363 industry peers · -46.0% return
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is KRSA'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
Health Care Distributors 6 16.2%43.2%90.1% CAH 392% · MCK 346% · COR 168%
Managed Health Care 8 40.4%-5.3%2.3% OSCR 84% · HQY 56% · ELV 17%
Health Care Services 20 21.1%37.6%-0.3% HIMS 239% · RDNT 173% · DGX 76%
Health Care Facilities 24 6.0%6.5%-4.5% NHC 271% · THC 261% · ENSG 129%
Health Care Equipment 50 -2.7%-0.2%-21.1% POCI 11050% · UFPT 341% · GKOS 222%
Pharmaceuticals 62 -10.5%14.8%-38.6% LQDA 2472% · INDV 1099% · ETON 1051%
Health Care Supplies 12 14.1%-8.9%-39.7% LNTH 287% · HAE 54% · MMSI 20%
Life Sciences Tools & Services 109 4.3%-11.3%-68.4% SNWV 1757% · MEDP 231% · NTRA 199%
Health Care Technology 21 -25.8%-52.6%-79.2% SPOK 68% · HSTM 3% · VEEV -13%
Biotechnology ← 364 0.6%-21.7%-79.4% CELZ 1280% · DNTH 1221% · ELVN 1069%
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

KRSAVRTXANIXAPMDATTOBLSMMedian
NameKorsana .Vertex P.Anixa Bi.Apnimed Attovia .BlossomH. 
Mkt Price34.99508.342.7729.0022.1425.7427.37
Mkt Cap-129.0----129.0
Rev LTM-12,587-1170059
Op Inc LTM-4,777-23-74-72-25
FCF LTM-3,796--84-64-65-65
FCF 3Y Avg-1,957----1,957
CFO LTM-4,293--84-62-64-63
CFO 3Y Avg-2,398----2,398

Growth & Margins

KRSAVRTXANIXAPMDATTOBLSMMedian
NameKorsana .Vertex P.Anixa Bi.Apnimed Attovia .BlossomH. 
Rev Chg LTM-10.2%----10.2%
Rev Chg 3Y Avg-9.8%----9.8%
Rev Chg Q-12.5%----12.5%
QoQ Delta Rev Chg LTM-3.0%----3.0%
Op Inc Chg LTM-2,497.9%----2,497.9%
Op Inc Chg 3Y Avg-792.2%----792.2%
Op Mgn LTM-37.9%-19.9%-16,551.6%-19.9%
Op Mgn 3Y Avg-23.9%----23.9%
QoQ Delta Op Mgn LTM--0.2%-----0.2%
CFO/Rev LTM-34.1%--71.5%-13,695.3%--71.5%
CFO/Rev 3Y Avg-19.6%----19.6%
FCF/Rev LTM-30.2%--71.5%-14,194.7%--71.5%
FCF/Rev 3Y Avg-15.7%----15.7%

Valuation

KRSAVRTXANIXAPMDATTOBLSMMedian
NameKorsana .Vertex P.Anixa Bi.Apnimed Attovia .BlossomH. 
Mkt Cap-129.0----129.0
P/S-10.2----10.2
P/Op Inc-27.0----27.0
P/EBIT-25.6----25.6
P/E-29.3----29.3
P/CFO-30.0----30.0
Total Yield-3.4%----3.4%
Dividend Yield-0.0%----0.0%
FCF Yield 3Y Avg-1.6%----1.6%
D/E-0.0----0.0
Net D/E--0.0-----0.0

Returns

KRSAVRTXANIXAPMDATTOBLSMMedian
NameKorsana .Vertex P.Anixa Bi.Apnimed Attovia .BlossomH. 
1M Rtn799.5%-7.2%-25.3%3.5%6.4%57.1%5.0%
3M Rtn993.4%12.6%-4.8%16.0%1.1%60.9%14.3%
6M Rtn2,100.6%12.0%4.5%16.0%1.1%60.9%14.0%
12M Rtn1,370.2%32.7%-16.1%16.0%1.1%60.9%24.3%
3Y Rtn824.4%43.5%-18.5%16.0%1.1%60.9%29.7%
1M Excs Rtn748.0%-7.2%-24.6%-8.7%0.7%59.9%-3.2%
3M Excs Rtn991.4%10.6%-6.8%14.0%-0.9%58.9%12.3%
6M Excs Rtn2,201.4%-4.8%-15.8%0.2%-14.7%45.1%-2.3%
12M Excs Rtn1,385.8%15.4%-33.2%0.1%-14.8%45.0%7.7%
3Y Excs Rtn769.3%-24.7%-93.7%-55.3%-70.2%-10.4%-40.0%

Comparison Analyses

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Segment Financials

Revenue by Segment
$ Mil20252024
Single Segment00
Total00


Net Income by Segment
$ Mil20252024
Single Segment-36-0
Total-36-0


Price Behavior

Price Behavior
Market Price$34.99 
First Trading Date09/09/2026 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$8.13$3.72
DMA Trendupup
Distance from DMA330.5%839.8%
 3M1YR
Volatility1,051.5%614.9%
Downside Capture-1062.41-100.94
Upside Capture347.66233.61
Correlation (SPY)-6.9%1.7%
KRSA Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta-0.030.520.232.162.120.70
Up Beta-1.430.450.311.391.860.39
Down Beta-2.90-0.34-0.36-0.250.430.53
Up Capture137%98%74%310%269%10%
Bmk +ve Days10213268138427
Stock +ve Days13203156104322
Down Capture51%39%3%22%138%66%
Bmk -ve Days11213259113324
Stock -ve Days8182761130384

[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 KRSA
KRSA144.5%328.7%0.93-
Sector ETF (XLV)24.4%16.1%1.167.9%
Equity (SPY)16.9%12.9%0.949.2%
Gold (GLD)19.1%29.3%0.608.9%
Commodities (DBC)46.3%20.6%1.73-4.0%
Real Estate (VNQ)4.9%13.6%0.103.6%
Bitcoin (BTCUSD)-30.6%44.3%-0.703.2%

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 KRSA
KRSA-38.7%229.7%0.39-
Sector ETF (XLV)6.4%15.2%0.247.6%
Equity (SPY)12.9%17.2%0.578.3%
Gold (GLD)19.1%18.8%0.835.1%
Commodities (DBC)11.2%19.5%0.45-0.4%
Real Estate (VNQ)1.1%18.8%-0.054.9%
Bitcoin (BTCUSD)12.5%52.5%0.426.5%

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 KRSA
KRSA-31.5%201.2%0.37-
Sector ETF (XLV)10.6%16.7%0.5110.1%
Equity (SPY)15.1%18.0%0.7211.6%
Gold (GLD)12.1%16.4%0.613.9%
Commodities (DBC)8.3%18.1%0.373.5%
Real Estate (VNQ)4.4%20.7%0.187.9%
Bitcoin (BTCUSD)62.6%66.2%1.024.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Earnings Returns History

Updated 9/21/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/11/2026-0.9%9.7% 
5/12/2023-14.3%17.9%1.8%
3/22/2023-11.5%-13.5%-42.7%
8/9/20221.1%-4.2%-3.8%
5/4/2022-5.3%-27.3%-20.7%
2/24/2022-3.5%21.5%18.5%
11/9/2021-5.4%-5.4%-30.3%
7/29/2021-0.7%9.9%13.0%
...
SUMMARY STATS   
# Positive244
# Negative865
Median Positive4.3%13.9%15.7%
Median Negative-5.4%-9.4%-20.7%
Max Positive7.5%21.5%34.0%
Max Negative-17.9%-28.8%-42.7%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/11/2026-0.9%9.7% 
5/12/2023-14.3%17.9%1.8%
3/22/2023-11.5%-13.5%-42.7%
8/9/20221.1%-4.2%-3.8%
5/4/2022-5.3%-27.3%-20.7%
2/24/2022-3.5%21.5%18.5%
11/9/2021-5.4%-5.4%-30.3%
7/29/2021-0.7%9.9%13.0%
4/27/2021-17.9%-28.8%-5.1%
1/13/20217.5%-0.9%34.0%
SUMMARY STATS   
# Positive244
# Negative865
Median Positive4.3%13.9%15.7%
Median Negative-5.4%-9.4%-20.7%
Max Positive7.5%21.5%34.0%
Max Negative-17.9%-28.8%-42.7%

SEC Filings

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Report DateFiling DateFiling
12/31/202504/20/2026S-4
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Report DateFiling DateFiling
12/31/202504/20/2026S-4
Core Cache Last Updated: 9/20/2026