Lightspeed Commerce (LSPD)
Market Price (2/5/2026): $10.09 | Market Cap: $1.4 BilSector: Information Technology | Industry: Application Software
Lightspeed Commerce (LSPD)
Market Price (2/5/2026): $10.09Market Cap: $1.4 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -32% | Weak multi-year price returns2Y Excs Rtn is -87%, 3Y Excs Rtn is -113% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -126 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11% |
| Low stock price volatilityVol 12M is 48% | 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 -53% | |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Cloud Computing, and E-commerce & Digital Retail. Themes include Digital Payments, Show more. | Key risksLSPD key risks include [1] intense competition causing gross margin contraction and [2] a consistent lack of profitability with an arduous path to generating positive free cash flow. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -32% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Cloud Computing, and E-commerce & Digital Retail. Themes include Digital Payments, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -87%, 3Y Excs Rtn is -113% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -126 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). 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 -53% |
| Key risksLSPD key risks include [1] intense competition causing gross margin contraction and [2] a consistent lack of profitability with an arduous path to generating positive free cash flow. |
Qualitative Assessment
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1. Analyst Downgrades and Price Target Revisions.
Lightspeed Commerce experienced a notable downgrade in its analyst outlook within the period. Barclays, for instance, reduced its price target for LSPD from $15 to $14 on January 12, 2026. This revision, alongside other "Hold" ratings initiated by firms like Freedom Capital Markets and TD Securities in late October 2025, likely contributed to negative investor sentiment and selling pressure on the stock.
2. Broader Macroeconomic Headwinds.
Despite Lightspeed reporting better-than-expected Q2 2026 earnings and raising its fiscal year 2026 guidance in early November 2025, the stock's decline suggests that broader macroeconomic concerns continued to weigh on investor confidence. Persistent inflationary pressures, increased job insecurity, and weakened consumer confidence, which had previously led Lightspeed to revise its fiscal 2025 revenue outlook in March 2025, could still have impacted the market's perception of future discretionary spending and small business optimism, directly affecting Lightspeed's clientele and growth prospects.
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Stock Movement Drivers
Fundamental Drivers
The -15.8% change in LSPD stock from 10/31/2025 to 2/4/2026 was primarily driven by a -20.7% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.00 | 10.10 | -15.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,116 | 1,157 | 3.7% |
| P/S Multiple | 1.5 | 1.2 | -20.7% |
| Shares Outstanding (Mil) | 141 | 138 | 2.2% |
| Cumulative Contribution | -15.8% |
Market Drivers
10/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| LSPD | -15.8% | |
| Market (SPY) | 0.6% | 35.6% |
| Sector (XLK) | -8.1% | 30.4% |
Fundamental Drivers
The -18.8% change in LSPD stock from 7/31/2025 to 2/4/2026 was primarily driven by a -23.5% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.44 | 10.10 | -18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,116 | 1,157 | 3.7% |
| P/S Multiple | 1.6 | 1.2 | -23.5% |
| Shares Outstanding (Mil) | 141 | 138 | 2.2% |
| Cumulative Contribution | -18.8% |
Market Drivers
7/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| LSPD | -18.8% | |
| Market (SPY) | 8.9% | 44.6% |
| Sector (XLK) | 5.3% | 36.0% |
Fundamental Drivers
The -30.0% change in LSPD stock from 1/31/2025 to 2/4/2026 was primarily driven by a -45.0% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.43 | 10.10 | -30.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,013 | 1,157 | 14.2% |
| P/S Multiple | 2.2 | 1.2 | -45.0% |
| Shares Outstanding (Mil) | 154 | 138 | 11.5% |
| Cumulative Contribution | -30.0% |
Market Drivers
1/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| LSPD | -30.0% | |
| Market (SPY) | 15.0% | 52.6% |
| Sector (XLK) | 20.2% | 51.5% |
Fundamental Drivers
The -44.2% change in LSPD stock from 1/31/2023 to 2/4/2026 was primarily driven by a -70.9% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.10 | 10.10 | -44.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 657 | 1,157 | 76.2% |
| P/S Multiple | 4.1 | 1.2 | -70.9% |
| Shares Outstanding (Mil) | 150 | 138 | 8.7% |
| Cumulative Contribution | -44.2% |
Market Drivers
1/31/2023 to 2/4/2026| Return | Correlation | |
|---|---|---|
| LSPD | -44.2% | |
| Market (SPY) | 75.1% | 48.1% |
| Sector (XLK) | 107.3% | 42.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LSPD Return | -43% | -65% | 47% | -27% | -21% | -18% | -86% |
| Peers Return | -8% | -34% | -15% | 89% | -56% | -8% | -60% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| LSPD Win Rate | 58% | 25% | 50% | 33% | 50% | 0% | |
| Peers Win Rate | 50% | 25% | 52% | 78% | 38% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| LSPD Max Drawdown | -45% | -68% | -13% | -44% | -48% | -18% | |
| Peers Max Drawdown | -18% | -42% | -36% | -7% | -66% | -25% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, HIT, BMR, KNRX, RPGL.
[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 2/4/2026 (YTD)
How Low Can It Go
| Event | LSPD | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -90.0% | -25.4% |
| % Gain to Breakeven | 904.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -73.9% | -33.9% |
| % Gain to Breakeven | 283.7% | 51.3% |
| Time to Breakeven | 198 days | 148 days |
Compare to ADSK, HIT, BMR, KNRX, RPGL
In The Past
Lightspeed Commerce's stock fell -90.0% during the 2022 Inflation Shock from a high on 9/22/2021. A -90.0% loss requires a 904.9% gain to breakeven.
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About Lightspeed Commerce (LSPD)
AI Analysis | Feedback
Think of it as **Shopify** meets **Square** for specialty retail and restaurants.
An all-in-one operating system for retailers and restaurants, similar to a more powerful **Square**.
AI Analysis | Feedback
- Point of Sale (POS) Systems: Comprehensive software and hardware solutions for managing in-person sales, inventory, and staff primarily in retail and hospitality environments.
- eCommerce Platform: Tools enabling businesses to build, operate, and grow their online stores, seamlessly integrating with physical retail operations.
- Integrated Payments Processing: A financial service allowing businesses to securely accept various payment methods (credit, debit, mobile) directly through their Lightspeed system.
- Inventory Management & Analytics: Software features for tracking stock levels, managing product data, and generating reports to optimize business operations and sales performance.
- Lightspeed Capital: A financial service offering access to working capital and business loans for eligible Lightspeed merchants based on their sales data.
AI Analysis | Feedback
Lightspeed Commerce (LSPD) primarily sells its software and services to other businesses (B2B), specifically small and medium-sized businesses (SMBs) across various industries. Due to the nature of its business model—providing cloud-based point-of-sale (POS), e-commerce, and related solutions as a service—Lightspeed serves a vast and fragmented customer base of tens of thousands of individual merchants globally.
Therefore, Lightspeed does not have a few identifiable "major customers" in the traditional sense, such as large public companies, that represent a significant portion of its revenue. Instead, its customer base consists of a broad array of SMBs. The company categorizes the types of businesses it serves into key verticals:
- Retail: This category includes a wide range of physical and online retail establishments, such as apparel boutiques, electronics stores, sports goods retailers, home goods stores, and many other specialized retail businesses.
- Hospitality: Lightspeed provides solutions for various businesses in the hospitality sector, including restaurants, bars, cafes, quick-service establishments, and hotels.
- Golf: A significant vertical for Lightspeed, serving golf courses, pro shops, and related businesses within the golf industry.
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- Amazon.com, Inc. (AMZN)
- Alphabet Inc. (GOOGL)
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Dax Dasilva, Founder and CEO
Dax Dasilva is the creative mind behind Lightspeed Commerce, which he founded in 2005. He led the company through its initial public offering on the Toronto Stock Exchange in 2019, achieving a valuation of $1.7 billion, and subsequently listed it on the New York Stock Exchange. Dasilva served as CEO for 16 years, transitioned to Executive Chair for two years, and was reappointed as CEO on February 15, 2024. He also founded two non-profit organizations: Never Apart, an arts and culture organization, and Age of Union Alliance, which focuses on conservation projects globally. He studied Computer Science, Art History, and Religious Studies at the University of British Columbia.
Asha Bakshani, Chief Financial Officer
Asha Bakshani was promoted to Chief Financial Officer of Lightspeed Commerce in April 2022, having joined the company in November 2014 and previously serving as Executive VP of Finance. Prior to her tenure at Lightspeed, Ms. Bakshani was the Senior Vice President of Finance at Cineflix, a media production and distribution company. She also gained nearly a decade of experience in public accounting at Deloitte and Arthur Andersen. Ms. Bakshani is a Chartered Accountant and a CFA charterholder, holding a B. Comm and a Graduate Diploma in Accounting from McGill University.
JD Saint-Martin, President
JD Saint-Martin joined Lightspeed in May 2019 following the acquisition of Chronogolf, a SaaS company he co-founded in 2013. He quickly advanced within Lightspeed, becoming Senior Director of Global Account Management in October 2019, Senior Vice President of Global Sales in July 2020, and was appointed President in 2022. Before founding Chronogolf, Mr. Saint-Martin accumulated five years of experience in Venture Capital and Private Equity, working at Teralys Capital in Montreal and GE Equity in London, UK.
Shirvani Mudaly, Chief People Officer
Shirvani Mudaly serves as Lightspeed's Chief People Officer, a role she took on after being the VP, People & Culture, APAC. Her background includes extensive HR experience in the tech, financial, and media sectors, with 20 years in the field. Prior to Lightspeed, she held the position of Chief People Officer at Vend and Yellow in New Zealand. She holds a Bachelor of Education from the University of Auckland and a Diploma in Business Studies, Human Resources from Massey University.
Daniel Micak, Chief Legal Officer
Daniel Micak is the Chief Legal Officer at Lightspeed Commerce. Further detailed background information was not readily available in the search results.
AI Analysis | Feedback
The key risks to Lightspeed Commerce (LSPD) are:
-
Intense Competition and Gross Margin Contraction: Lightspeed operates in a highly competitive market with numerous players, including major competitors like Shopify, Square (Block), and Toast. This intense competition leads to significant pricing pressure and a contraction in Lightspeed's gross margins, which has hindered its progress toward profitability.
-
Lack of Profitability and Path to Free Cash Flow: Lightspeed has consistently reported operating losses and negative free cash flow, indicating that it is not yet profitable. While there are signs of improving operating margins, the ongoing contraction of gross margins makes achieving overall profitability an arduous process, posing a significant challenge for the company's financial health.
-
Macroeconomic Risks and Reliance on SMBs: Lightspeed's business model heavily relies on small and medium-sized businesses (SMBs) as its primary customer base. This dependence exposes the company to significant macroeconomic risks, as SMBs are particularly vulnerable to economic downturns, inflation, and weak consumer confidence, which can directly impact Lightspeed's customer retention and revenue generation.
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There are several clear emerging threats to Lightspeed Commerce (LSPD):
- Shopify's Aggressive Push into Physical Retail and POS: Shopify, a dominant e-commerce platform, is increasingly investing in and promoting its Shopify POS system and integrated hardware solutions. This directly targets Lightspeed's core market of brick-and-mortar retailers and hospitality businesses, leveraging Shopify's vast merchant base and strong brand recognition to offer a compelling all-in-one solution that now spans both online and physical sales more robustly.
- Square's (Block Inc.) Continued Expansion into Comprehensive SMB Ecosystems: Square, a major player in payments and POS, is consistently enhancing its platform to cater to larger and more complex SMBs. Its robust ecosystem includes integrated hardware, software, payment processing, and financial services (like Square Capital), posing a significant threat as businesses seek consolidated solutions. Square's continuous innovation and strong market penetration directly compete with Lightspeed's offerings, particularly in the retail and hospitality sectors.
- Increasing Market Share of Highly Specialized Vertical SaaS Solutions: While Lightspeed offers a broad platform across retail and hospitality, the market is seeing a rise in highly specialized Software-as-a-Service (SaaS) providers tailored to specific niches (e.g., Toast for restaurants, or specific solutions for salons, spas, or particular retail segments). These vertical-specific solutions often provide deeper, more integrated, and industry-specific functionalities that generalist platforms like Lightspeed may struggle to match, potentially chipping away at Lightspeed's market share in these specialized areas.
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Lightspeed Commerce (LSPD) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Growth in Customer Locations and Acquisition of High-Value Customers: Lightspeed is strategically focused on expanding its customer base, particularly by attracting larger, more sophisticated merchants in its core growth areas: North American retail and European hospitality. The company reported a 7% year-over-year increase in customer locations. It projects a compound annual growth rate (CAGR) of approximately 10-15% for customer locations within these target markets between fiscal years 2025 and 2028. This growth is driven by expanding location counts and targeted outbound sales efforts.
- Increase in Average Revenue Per User (ARPU) and Payments Penetration: A significant driver is the continued increase in Average Revenue Per User (ARPU), which grew by 10% year-over-year in software. This is attributed to attracting larger customers, introducing new software releases, and the benefit of price increases implemented in the previous year. Furthermore, Lightspeed is seeing substantial growth in Gross Payment Volume (GPV), which rose 22% year-over-year, and an improved payments penetration rate. There are still considerable opportunities to grow payments revenue in existing markets where penetration is currently lower. The company's strategy involves selling its point-of-sale (POS) and payment solutions as a unified platform.
- Launch of New Products and AI-Powered Innovations: Lightspeed is consistently rolling out new and innovative features to its platform. Recent introductions include AI-powered tools such as an AI showroom and AI-generated product descriptions for retailers. The company is also developing "Lightspeed AI," an AI assistant designed to help merchants access insights and make decisions directly within their POS system, enhancing omnichannel capabilities and sales productivity.
- Strategic Focus on Core Growth Engines: Lightspeed has refined its strategy to concentrate on two primary growth engines: retail in North America and hospitality in Europe. This focused approach is yielding strong results, with Gross Transaction Volume (GTV) growing 15% year-over-year and software revenue increasing by 20% in these specific areas. This prioritization allows Lightspeed to direct resources to markets where it has a proven ability to succeed and accelerate growth.
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Capital Allocation Decisions for Lightspeed Commerce (LSPD)
Share Repurchases
- Lightspeed repurchased approximately 18.7 million shares for around $219 million over the 12 months leading up to May 22, 2025, representing about 12% of total shares outstanding.
- In Fiscal 2025, the company completed a share repurchase program, buying back approximately 9.7 million shares for about $134.2 million.
- An additional share repurchase program of up to $300 million has been authorized, bringing the total authorized buyback to $430 million. This program allows for the repurchase of up to 9,013,953 subordinate voting shares over a twelve-month period commencing April 5, 2025.
Share Issuance
- In November 2020, Lightspeed issued 7,437,397 subordinate voting shares as part of the consideration for the acquisition of ShopKeep.
- In September 2020, Lightspeed launched its initial public offering in the United States, involving a public offering of its subordinate voting shares aimed at strengthening its financial position and supporting growth strategies.
Outbound Investments
- Lightspeed acquired Ecwid for $500 million at the end of 2021, integrating it with Lightspeed Retail POS to build the Lightspeed eCom (E-Series) and strengthen its global market position.
- In November 2020, the company acquired ShopKeep for $440 million, expanding its reach in the US point-of-sale market. The acquisition included $145.2 million in cash and 7,437,397 subordinate voting shares.
- Lightspeed acquired Upserve for $430 million in December 2020 to develop its Lightspeed Restaurant (U-Series) offering.
Capital Expenditures
- Lightspeed's capital expenditures were $18 million in Fiscal 2021, $13 million in Fiscal 2022, $11 million in Fiscal 2023, $1.79 million in Fiscal 2024, and $3.61 million in Fiscal 2025.
- The company plans to make over $50 million in incremental investment in its product and technology roadmap in Fiscal 2026.
- Lightspeed intends to continue making deliberate investments to drive future growth, including in Lightspeed NuORDER, expanding market share among retail and hospitality customers, and enhancing customer experience.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.43 |
| Mkt Cap | 1.4 |
| Rev LTM | 1,157 |
| Op Inc LTM | 1 |
| FCF LTM | -1 |
| FCF 3Y Avg | 806 |
| CFO LTM | 31 |
| CFO 3Y Avg | 856 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.6% |
| Rev Chg 3Y Avg | 16.5% |
| Rev Chg Q | 18.0% |
| QoQ Delta Rev Chg LTM | 4.3% |
| Op Mgn LTM | 4.5% |
| Op Mgn 3Y Avg | 1.9% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 7.0% |
| CFO/Rev 3Y Avg | 11.4% |
| FCF/Rev LTM | -0.8% |
| FCF/Rev 3Y Avg | 9.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.4 |
| P/S | 1.9 |
| P/EBIT | 29.8 |
| P/E | 41.6 |
| P/CFO | 27.8 |
| Total Yield | 2.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -0.0% |
| D/E | 0.0 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -16.0% |
| 3M Rtn | -32.8% |
| 6M Rtn | -45.4% |
| 12M Rtn | -58.3% |
| 3Y Rtn | -58.9% |
| 1M Excs Rtn | -15.7% |
| 3M Excs Rtn | -37.9% |
| 6M Excs Rtn | -55.4% |
| 12M Excs Rtn | -73.0% |
| 3Y Excs Rtn | -130.2% |
Price Behavior
| Market Price | $10.10 | |
| Market Cap ($ Bil) | 1.4 | |
| First Trading Date | 08/14/2019 | |
| Distance from 52W High | -30.3% | |
| 50 Days | 200 Days | |
| DMA Price | $11.62 | $11.63 |
| DMA Trend | up | down |
| Distance from DMA | -13.1% | -13.2% |
| 3M | 1YR | |
| Volatility | 50.5% | 48.1% |
| Downside Capture | 195.62 | 155.06 |
| Upside Capture | 100.89 | 95.86 |
| Correlation (SPY) | 34.4% | 52.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.49 | 2.38 | 1.52 | 1.75 | 1.31 | 1.57 |
| Up Beta | 0.92 | 2.31 | 1.72 | 2.04 | 1.46 | 1.65 |
| Down Beta | 2.46 | 2.16 | 1.34 | 2.01 | 1.14 | 1.53 |
| Up Capture | 129% | 218% | 120% | 116% | 102% | 203% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 9 | 18 | 26 | 61 | 126 | 365 |
| Down Capture | 452% | 280% | 183% | 180% | 128% | 111% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 11 | 23 | 35 | 63 | 123 | 383 |
[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 LSPD | |
|---|---|---|---|---|
| LSPD | -26.9% | 48.3% | -0.50 | - |
| Sector ETF (XLK) | 22.0% | 27.1% | 0.71 | 51.4% |
| Equity (SPY) | 15.9% | 19.2% | 0.64 | 52.6% |
| Gold (GLD) | 76.1% | 24.5% | 2.27 | 0.5% |
| Commodities (DBC) | 9.3% | 16.5% | 0.36 | 15.1% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 32.7% |
| Bitcoin (BTCUSD) | -24.7% | 40.5% | -0.60 | 27.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LSPD | |
|---|---|---|---|---|
| LSPD | -31.7% | 63.4% | -0.34 | - |
| Sector ETF (XLK) | 16.8% | 24.7% | 0.61 | 53.6% |
| Equity (SPY) | 14.2% | 17.0% | 0.66 | 56.1% |
| Gold (GLD) | 21.5% | 16.8% | 1.04 | 9.5% |
| Commodities (DBC) | 12.1% | 18.9% | 0.52 | 14.1% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 42.9% |
| Bitcoin (BTCUSD) | 18.0% | 57.4% | 0.52 | 28.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LSPD | |
|---|---|---|---|---|
| LSPD | -18.4% | 69.1% | -0.21 | - |
| Sector ETF (XLK) | 22.8% | 24.2% | 0.86 | 55.0% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 57.9% |
| Gold (GLD) | 15.6% | 15.5% | 0.84 | 11.9% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 19.1% |
| Real Estate (VNQ) | 5.9% | 20.8% | 0.25 | 47.6% |
| Bitcoin (BTCUSD) | 69.3% | 66.5% | 1.09 | 29.2% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 6-K |
| 06/30/2025 | 07/31/2025 | 6-K |
| 03/31/2025 | 05/22/2025 | 40-F |
| 12/31/2024 | 02/06/2025 | 6-K |
| 09/30/2024 | 11/07/2024 | 6-K |
| 06/30/2024 | 08/01/2024 | 6-K |
| 03/31/2024 | 05/16/2024 | 40-F |
| 12/31/2023 | 02/08/2024 | 6-K |
| 09/30/2023 | 11/02/2023 | 6-K |
| 06/30/2023 | 08/03/2023 | 6-K |
| 03/31/2023 | 05/18/2023 | 40-F |
| 12/31/2022 | 02/02/2023 | 6-K |
| 09/30/2022 | 11/03/2022 | 6-K |
| 06/30/2022 | 08/04/2022 | 6-K |
| 03/31/2022 | 05/19/2022 | 40-F |
| 12/31/2021 | 02/03/2022 | 6-K |
External Quote Links
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