Quaker Houghton (KWR)
Market Price (2/10/2026): $171.32 | Market Cap: $3.0 BilSector: Materials | Industry: Specialty Chemicals
Quaker Houghton (KWR)
Market Price (2/10/2026): $171.32Market Cap: $3.0 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 43% | Trading close to highsDist 52W High is 0.0% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 62x |
| Megatrend and thematic driversMegatrends include Advanced Materials, Automation & Robotics, and Battery Technology & Metals. Themes include Specialty Chemicals for Performance, Show more. | Weak multi-year price returns2Y Excs Rtn is -48%, 3Y Excs Rtn is -84% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% | |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.64 | ||
| Key risksKWR key risks include [1] intense competition for its specialized technical talent and [2] significant exposure to foreign currency fluctuations and volatility in commodity-derived raw material costs. |
| Low stock price volatilityVol 12M is 43% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Automation & Robotics, and Battery Technology & Metals. Themes include Specialty Chemicals for Performance, Show more. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -48%, 3Y Excs Rtn is -84% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 62x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.7% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.64 |
| Key risksKWR key risks include [1] intense competition for its specialized technical talent and [2] significant exposure to foreign currency fluctuations and volatility in commodity-derived raw material costs. |
Qualitative Assessment
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Quaker Houghton (KWR) stock has gained about 25% since 10/31/2025 because of the following key factors:
1. Strong Third Quarter 2025 Financial Performance: Quaker Houghton reported robust Q3 2025 results on October 30, 2025, surpassing analyst expectations. The company announced $494 million in net sales, marking a 7% year-over-year increase, alongside a 3% rise in organic volumes. Adjusted EBITDA reached $83 million, growing 5% year-over-year and 10% sequentially, with adjusted EBITDA margins at 16.8%. Non-GAAP diluted earnings per share (EPS) increased 10% year-over-year to $2.08, exceeding the forecast. This strong performance, including a reduction in net debt and an improved leverage ratio, contributed to positive investor sentiment.
2. Positive Analyst Upgrades and Increased Price Targets: Following the strong earnings report, several financial analysts upgraded their ratings and increased price targets for Quaker Houghton. On October 30, 2025, RBC Capital raised its price target to $171 from $149, maintaining an "Outperform" rating, citing market share gains and effective acquisition integration. Deutsche Bank also increased its price target to $150 from $138 with a "Buy" rating on the same day. Additionally, Jefferies upgraded the stock to "Buy" from "Hold," raising its price target to $146 from $115, emphasizing solid margins, return on capital, and attractive valuation. Later, on January 21, 2026, Royal Bank of Canada reaffirmed an "outperform" rating and set a $190.00 price target.
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1. Strong Third Quarter 2025 Financial Performance: Quaker Houghton reported robust Q3 2025 results on October 30, 2025, surpassing analyst expectations. The company announced $494 million in net sales, marking a 7% year-over-year increase, alongside a 3% rise in organic volumes. Adjusted EBITDA reached $83 million, growing 5% year-over-year and 10% sequentially, with adjusted EBITDA margins at 16.8%. Non-GAAP diluted earnings per share (EPS) increased 10% year-over-year to $2.08, exceeding the forecast. This strong performance, including a reduction in net debt and an improved leverage ratio, contributed to positive investor sentiment.
2. Positive Analyst Upgrades and Increased Price Targets: Following the strong earnings report, several financial analysts upgraded their ratings and increased price targets for Quaker Houghton. On October 30, 2025, RBC Capital raised its price target to $171 from $149, maintaining an "Outperform" rating, citing market share gains and effective acquisition integration. Deutsche Bank also increased its price target to $150 from $138 with a "Buy" rating on the same day. Additionally, Jefferies upgraded the stock to "Buy" from "Hold," raising its price target to $146 from $115, emphasizing solid margins, return on capital, and attractive valuation. Later, on January 21, 2026, Royal Bank of Canada reaffirmed an "outperform" rating and set a $190.00 price target.
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Stock Movement Drivers
Fundamental Drivers
The 23.5% change in KWR stock from 10/31/2025 to 2/9/2026 was primarily driven by a 23.5% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 138.45 | 170.97 | 23.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,864 | 1,864 | 0.0% |
| P/S Multiple | 1.3 | 1.6 | 23.5% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | 23.5% |
Market Drivers
10/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| KWR | 23.5% | |
| Market (SPY) | 1.7% | 45.5% |
| Sector (XLB) | 21.8% | 66.9% |
Fundamental Drivers
The 50.5% change in KWR stock from 7/31/2025 to 2/9/2026 was primarily driven by a 46.2% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.62 | 170.97 | 50.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,833 | 1,864 | 1.7% |
| P/S Multiple | 1.1 | 1.6 | 46.2% |
| Shares Outstanding (Mil) | 18 | 17 | 1.2% |
| Cumulative Contribution | 50.5% |
Market Drivers
7/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| KWR | 50.5% | |
| Market (SPY) | 10.1% | 40.7% |
| Sector (XLB) | 19.5% | 61.2% |
Fundamental Drivers
The 23.0% change in KWR stock from 1/31/2025 to 2/9/2026 was primarily driven by a 19.7% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 138.95 | 170.97 | 23.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,863 | 1,864 | 0.1% |
| P/S Multiple | 1.3 | 1.6 | 19.7% |
| Shares Outstanding (Mil) | 18 | 17 | 2.7% |
| Cumulative Contribution | 23.0% |
Market Drivers
1/31/2025 to 2/9/2026| Return | Correlation | |
|---|---|---|
| KWR | 23.0% | |
| Market (SPY) | 16.3% | 56.8% |
| Sector (XLB) | 19.3% | 70.7% |
Fundamental Drivers
The -9.9% change in KWR stock from 1/31/2023 to 2/9/2026 was primarily driven by a -10.4% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2092026 | Change |
|---|---|---|---|
| Stock Price ($) | 189.70 | 170.97 | -9.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,906 | 1,864 | -2.2% |
| P/S Multiple | 1.8 | 1.6 | -10.4% |
| Shares Outstanding (Mil) | 18 | 17 | 2.8% |
| Cumulative Contribution | -9.9% |
Market Drivers
1/31/2023 to 2/9/2026| Return | Correlation | |
|---|---|---|
| KWR | -9.9% | |
| Market (SPY) | 77.1% | 53.0% |
| Sector (XLB) | 30.1% | 63.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KWR Return | -8% | -27% | 29% | -33% | -1% | 24% | -29% |
| Peers Return | 33% | -32% | 28% | 4% | -6% | 17% | 32% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| KWR Win Rate | 58% | 33% | 58% | 33% | 50% | 100% | |
| Peers Win Rate | 67% | 35% | 53% | 55% | 42% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KWR Max Drawdown | -13% | -42% | -16% | -35% | -31% | 0% | |
| Peers Max Drawdown | -7% | -41% | -5% | -10% | -16% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BCPC, AVNT, SHW, ECL, PPG. See KWR 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 2/9/2026 (YTD)
How Low Can It Go
| Event | KWR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.4% | -25.4% |
| % Gain to Breakeven | 124.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -40.4% | -33.9% |
| % Gain to Breakeven | 67.8% | 51.3% |
| Time to Breakeven | 65 days | 148 days |
| 2018 Correction | ||
| % Loss | -35.7% | -19.8% |
| % Gain to Breakeven | 55.5% | 24.7% |
| Time to Breakeven | 356 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -85.8% | -56.8% |
| % Gain to Breakeven | 604.7% | 131.3% |
| Time to Breakeven | 410 days | 1,480 days |
Compare to BCPC, AVNT, SHW, ECL, PPG
In The Past
Quaker Houghton's stock fell -55.4% during the 2022 Inflation Shock from a high on 2/22/2021. A -55.4% loss requires a 124.0% gain to breakeven.
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About Quaker Houghton (KWR)
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals. The company also provides chemical management services. It serves steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. The company was formerly known as Quaker Chemical Products Corporation and changed its name to Quaker Chemical Corporation in August 1962. Quaker Chemical Corporation was founded in 1918 and is headquartered in Conshohocken, Pennsylvania.
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Analogy 1: "Ecolab for industrial lubricants and process fluids"
Analogy 2: "Valvoline for industrial manufacturing"
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```html- Metalworking Fluids: Essential fluids used in machining, grinding, forming, and heat treating metal to improve performance and extend tool life.
- Corrosion Protective Coatings: Products applied to metal surfaces to prevent rust and corrosion during manufacturing, storage, and transport.
- Die Casting Release Agents: Specialized coatings applied to molds in die casting to facilitate part ejection and protect the mold.
- Industrial Lubricants: A broad range of lubricants used in various industrial machinery and equipment to reduce friction and wear.
- Hydraulic Fluids: Fluids used in hydraulic systems to transmit power and lubricate components.
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Quaker Houghton (symbol: KWR) primarily operates as a business-to-business (B2B) company, supplying industrial process fluids and chemical specialties to a wide range of manufacturing and industrial companies globally.
Due to the diverse and extensive nature of its customer base across numerous industries, and typical confidentiality practices in B2B relationships, Quaker Houghton does not publicly disclose the names of individual major customer companies. No single customer or small group of customers are typically reported to account for a significant percentage (e.g., >10%) of their total revenue, indicating a broad customer base.
Instead of specific company names, Quaker Houghton's major customers can be categorized by the industries they serve. These industries represent the types of companies that rely on Quaker Houghton's products and expertise:
- Automotive (original equipment manufacturers and their supply chains)
- Aerospace
- Steel and Aluminum production
- Metalworking (various forms, including machining, stamping, drawing, and casting)
- Can Manufacturing (for food and beverage containers)
- Mining
- General Industrial (including power generation, marine, and heavy equipment manufacturing)
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Joseph A. Berquist, Chief Executive Officer and President
Joseph A. Berquist was appointed Chief Executive Officer and President of Quaker Houghton and to the Board as a director on November 18, 2024. He joined the company in 1997 and has served in various leadership positions, including Executive Vice President and Chief Commercial Officer (January 2023 to November 2024), and Executive Vice President, Chief Strategy Officer, and Managing Director, Global Specialty Businesses (September 2021 through December 2022). Mr. Berquist holds a B.E. in chemical engineering from Youngstown State University and an MBA from Case Western Reserve University.
Tom Coler, Executive Vice President and Chief Financial Officer
Tom Coler was appointed Executive Vice President and Chief Financial Officer, effective June 10, 2024. He brings extensive experience in corporate finance, financial planning and analysis, corporate development, integration, transformation, and implementing information technology solutions. Prior to joining Quaker Houghton, Mr. Coler served as executive vice president and CFO at Savage Companies, and held executive and leadership finance roles at H.B. Fuller Corp., Polaris Industries, Ecolab Corp., and Boston Scientific.
Christine Johnson, Senior Vice President and Chief Transformation Officer
Christine Johnson joined Quaker Houghton as Senior Vice President and Chief Transformation Officer in October 2025. She leads transformation and process optimization efforts across the organization. Previously, Ms. Johnson was a partner at McKinsey & Company, where she advised materials and energy companies, and held digital marketing and communications leadership positions at DuPont.
Dr. André Frodl, Vice President, R&D - Metals and Metalworking
Dr. André Frodl was promoted to Vice President, R&D - Metals and Metalworking in October 2025. A 23-year veteran of Quaker Houghton, Dr. Frodl oversees research and development for the company's metals, metalworking, and operating solutions business globally. His responsibilities include managing lab functions such as product stewardship, fluid analysis, and analytical and raw material chemistry.
Michael F. Barry, Chairman of the Board
Michael F. Barry is the Chairman of the Board of Directors of Quaker Houghton, a position he has held since May 2009. He previously served as Chief Executive Officer and President of the company from October 2008 until his retirement on November 30, 2021. Mr. Barry joined Quaker in 1998 and served as Senior Vice President and Managing Director – North America, and also held the position of Vice President and Chief Financial Officer from 1998 through August 2004. Prior to Quaker, he was Business Director for Lyondell (formerly Arco Chemical)'s Americas urethanes business, where he also held various finance and line management positions. He also serves as a Director of Rogers Corporation and is on the Board of Trustees of The Franklin Institute.
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Quaker Houghton (KWR) faces several key risks to its business, primarily stemming from global economic volatility, operational dependencies, and geopolitical factors. The most significant risks include: * Macroeconomic and Geopolitical Disruptions: Quaker Houghton is highly susceptible to broad macroeconomic and geopolitical instability. This encompasses inflationary pressures, particularly significant increases in raw material costs, ongoing supply chain disruptions, rising interest rates, the potential for economic recession, and the impact of geopolitical conflicts such as those in Russia/Ukraine and Israel/Hamas. Additionally, tariffs, trade restrictions, and economic sanctions imposed by various nations can adversely affect the company's operations and financial results. * Attracting and Retaining Key Personnel: Given the specialized and technical nature of Quaker Houghton's business, its future performance is heavily reliant on its ability to attract, develop, and retain qualified management, technical, and other key personnel. The current intense competition for such talent, exacerbated by evolving labor and employment trends, poses a significant risk to the company's operational continuity and innovation. * Foreign Exchange and Commodity Price Risk: A substantial portion of Quaker Houghton's revenues and earnings are generated from its international operations, making its financial results vulnerable to fluctuations in foreign currency exchange rates, particularly against the U.S. dollar. Furthermore, the company's reliance on raw materials that are derivatives of commodity chemicals exposes it to significant commodity price volatility, which can impact earnings.AI Analysis | Feedback
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Quaker Houghton (symbol: KWR) operates within several significant addressable markets for its main products and services, primarily industrial process fluids, industrial lubricants, metalworking fluids, and automotive die casting lubricants. The market sizes for these areas are outlined below:
- Industrial Process Fluids: Quaker Houghton estimates that its revenue of $1.6 billion (as of 2019) represents less than 20% of a global addressable market exceeding ten billion dollars.
- Industrial Lubricants: The global industrial lubricants market was valued at approximately USD 63.9 billion in 2024 and is projected to reach USD 74.3 billion by 2029. Other estimates place the global market size at USD 57,886.3 million in 2024, projected to reach USD 73,011.3 million by 2033.
- Metalworking Fluids: The global metalworking fluids market size was estimated at USD 12.50 billion in 2024 and is expected to reach USD 20.07 billion by 2032. Another report indicates the global market size was estimated at USD 11.7 billion in 2024 and is expected to reach USD 15.8 billion by 2033.
- Process Fluids: The global process fluid market was valued at USD 9.2 billion in 2022 and is projected to grow from USD 9.6 billion in 2023 to USD 16.9 billion by 2032.
- Automotive Die Casting Lubricants: The global automotive die casting lubricants market size reached USD 1.19 billion in 2024 and is expected to reach USD 1.64 billion by 2033. Other estimations show the global market valued at USD 142.74 million in 2024, expected to increase to USD 189.11 million by 2031.
- Metal Treatment Chemicals: The global metal treatment chemical market size is estimated to grow by USD 9.99 billion from 2024-2028.
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Here are 3-5 expected drivers of future revenue growth for Quaker Houghton (KWR) over the next 2-3 years:
- New Business Wins and Share Gains: Quaker Houghton has consistently reported strong new business wins, contributing to organic volume growth across its segments. For instance, in Q3 2025, net share gains were approximately 5% globally. In Q2 2025, new business wins contributed approximately 5% to organic sales volumes. This momentum in securing new customers and expanding existing relationships is expected to continue driving revenue.
- Organic Volume Growth, Particularly in Asia Pacific: The company has seen consecutive quarters of organic volume growth across all regions, with the Asia Pacific segment being a significant outperformer. Asia Pacific delivered an 8% organic sales volume increase in Q3 2025 and 8% organic volume growth in Q2 2025. This regional strength is anticipated to be a key contributor to overall revenue expansion.
- Contributions from Acquisitions: Strategic acquisitions, such as Dipsol, are integrating well and contributing as expected to the company's financial performance. The Dipsol acquisition specifically amplified sales in the Asia/Pacific segment in Q2 2025. Further contributions from current and potential future acquisitions are expected to fuel revenue growth.
- Expansion of Advanced Solutions: The Advanced Solutions segment has been highlighted as a growth area, demonstrating sustained double-digit volume increases in EMEA and global expansion through acquisitions like Dipsol. This focus on advanced and specialized industrial process fluids is poised to generate increased revenue.
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Share Repurchases
- In February 2024, Quaker Houghton's Board of Directors authorized a new share repurchase program for up to $150 million of its common stock.
- For the full year 2024, the company repurchased approximately $49.2 million of shares.
- In the second quarter of 2025, Quaker Houghton repurchased shares totaling $32.7 million.
Outbound Investments
- In March 2025, Quaker Houghton announced an agreement to acquire Dipsol Chemicals Co., Ltd., a leading supplier of surface treatment and plating solutions, for approximately $153 million (23 billion JPY).
- In April 2025, the company acquired U.K. based Natech, Ltd for approximately $6.5 million.
- In February 2025, Quaker Houghton acquired Chemical Solutions & Innovations (Pty) Ltd. ("CSI"), a South African supplier of metalworking fluids and lubricants, for approximately $3.9 million.
Capital Expenditures
- Capital expenditure peaked in 2022.
- The latest value for Capital Expenditure (LTM, as of August 2025) was $6.16 million, representing a 78% decline and the lowest level since 2018.
- Management anticipates lower capital expenditure guidance for 2025.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 171.63 |
| Mkt Cap | 17.2 |
| Rev LTM | 9,468 |
| Op Inc LTM | 1,211 |
| FCF LTM | 438 |
| FCF 3Y Avg | 693 |
| CFO LTM | 828 |
| CFO 3Y Avg | 1,040 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.2% |
| Rev Chg 3Y Avg | 0.9% |
| Rev Chg Q | 3.7% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Mgn LTM | 14.8% |
| Op Mgn 3Y Avg | 14.7% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 11.5% |
| CFO/Rev 3Y Avg | 12.9% |
| FCF/Rev LTM | 7.5% |
| FCF/Rev 3Y Avg | 9.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.2 |
| P/S | 2.8 |
| P/EBIT | 25.4 |
| P/E | 33.0 |
| P/CFO | 23.8 |
| Total Yield | 3.5% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.3% |
| 3M Rtn | 17.2% |
| 6M Rtn | 14.6% |
| 12M Rtn | 10.8% |
| 3Y Rtn | 20.9% |
| 1M Excs Rtn | 10.5% |
| 3M Excs Rtn | 18.4% |
| 6M Excs Rtn | 5.4% |
| 12M Excs Rtn | -5.6% |
| 3Y Excs Rtn | -53.6% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $170.97 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $147.46 | $129.89 |
| DMA Trend | up | up |
| Distance from DMA | 15.9% | 31.6% |
| 3M | 1YR | |
| Volatility | 37.2% | 43.0% |
| Downside Capture | 55.57 | 109.11 |
| Upside Capture | 164.49 | 117.34 |
| Correlation (SPY) | 45.6% | 56.7% |
KWR Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.30 | 1.98 | 1.91 | 1.73 | 1.30 | 1.29 |
| Up Beta | 6.00 | 5.49 | 3.22 | 2.93 | 1.41 | 1.44 |
| Down Beta | 2.95 | 2.04 | 1.85 | 1.61 | 1.22 | 1.17 |
| Up Capture | 197% | 187% | 199% | 176% | 133% | 115% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 21 | 29 | 60 | 115 | 363 |
| Down Capture | -49% | 61% | 131% | 117% | 116% | 108% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 20 | 32 | 65 | 135 | 387 |
[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 KWR | |
|---|---|---|---|---|
| KWR | 25.5% | 42.9% | 0.64 | - |
| Sector ETF (XLB) | 18.6% | 20.8% | 0.72 | 71.2% |
| Equity (SPY) | 15.5% | 19.4% | 0.62 | 56.7% |
| Gold (GLD) | 78.8% | 24.9% | 2.30 | 2.8% |
| Commodities (DBC) | 9.9% | 16.6% | 0.40 | 21.7% |
| Real Estate (VNQ) | 4.8% | 16.5% | 0.11 | 52.7% |
| Bitcoin (BTCUSD) | -27.0% | 44.8% | -0.57 | 29.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KWR | |
|---|---|---|---|---|
| KWR | -8.1% | 38.6% | -0.12 | - |
| Sector ETF (XLB) | 9.6% | 18.9% | 0.40 | 62.6% |
| Equity (SPY) | 14.2% | 17.0% | 0.67 | 56.6% |
| Gold (GLD) | 22.3% | 16.9% | 1.07 | 6.4% |
| Commodities (DBC) | 11.6% | 18.9% | 0.49 | 16.9% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 49.1% |
| Bitcoin (BTCUSD) | 14.7% | 58.0% | 0.47 | 24.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KWR | |
|---|---|---|---|---|
| KWR | 10.0% | 36.9% | 0.37 | - |
| Sector ETF (XLB) | 12.5% | 20.7% | 0.54 | 64.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 59.6% |
| Gold (GLD) | 15.8% | 15.5% | 0.85 | 3.9% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 23.6% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 49.5% |
| Bitcoin (BTCUSD) | 69.0% | 66.8% | 1.08 | 14.7% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | 10.5% | 4.9% | 7.3% |
| 7/31/2025 | 3.1% | 10.4% | 26.8% |
| 2/24/2025 | 2.6% | -5.2% | -6.2% |
| 10/31/2024 | 6.3% | 12.1% | 5.6% |
| 8/5/2024 | -2.6% | -3.9% | 0.6% |
| 2/29/2024 | -1.2% | -1.4% | 1.1% |
| 11/2/2023 | 11.2% | 9.8% | 28.4% |
| 8/1/2023 | -7.4% | -12.2% | -14.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 12 | 13 |
| # Negative | 7 | 10 | 9 |
| Median Positive | 3.9% | 10.6% | 7.3% |
| Median Negative | -4.5% | -6.1% | -6.2% |
| Max Positive | 22.2% | 25.3% | 28.4% |
| Max Negative | -7.4% | -12.8% | -20.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
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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