Minimed (MMED)


Market Price (10/19/2026): $17.83 | Market Cap: $5.0 BilSector: Health Care | Industry: Health Care Equipment

Minimed (MMED)


Market Price (10/19/2026): $17.83
Market Cap: $5.0 Bil
Sector: Health Care
Industry: Health Care Equipment

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

0

Megatrend and thematic drivers
Megatrends include Psychedelic & Neurological Therapeutics. Themes include Psychedelic-Assisted Therapy, Novel Mental Health Treatments, and Neuroplasticity Research.

Weak multi-year price returns
2Y Excs Rtn is -37%, 3Y Excs Rtn is -80%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -188 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.8%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.8%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%

Key risks
MMED key risks include [1] navigating significant regulatory hurdles for its Schedule I lead candidate, Show more.

0 Megatrend and thematic drivers
Megatrends include Psychedelic & Neurological Therapeutics. Themes include Psychedelic-Assisted Therapy, Novel Mental Health Treatments, and Neuroplasticity Research.
1 Weak multi-year price returns
2Y Excs Rtn is -37%, 3Y Excs Rtn is -80%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -188 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.8%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.8%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%
5 Key risks
MMED key risks include [1] navigating significant regulatory hurdles for its Schedule I lead candidate, Show more.

MMED in ETFs

Weight = MMED's share of each fund

ITOT0.01%
IWM0.17%
VTWO0.02%
ONEQ0.01%
SCHA0.01%
IWN0.00%
IWV0.00%
SCHB0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/15/2026

Minimed (MMED) stock has gained about 15% since 6/30/2026 because of the following key factors:

1. Strong Fiscal Q1 2027 Financial Performance and Upgraded Outlook.

MiniMed Group (MMED) reported robust results for its fiscal Q1 2027, which ended on July 31, 2026, on September 1, 2026. The company announced net sales of $843 million, representing a 17% increase as reported and 16% organically, surpassing market expectations. U.S. net sales growth specifically accelerated to 13%. Following these results, MiniMed raised its fiscal year 2027 organic revenue growth guidance to approximately 10.5% from the previous estimate of 10%. The stock price jumped by 5.06% to $21.29 after this announcement.

2. Advancement of Key Product Pipeline and Market Access.

The company made significant progress in its product pipeline and expanded market access for its diabetes management solutions. This included expanded U.S. Medicare access to the MiniMed Flex system and the commencement of commercial U.S. shipments for Abbott's Instinct sensor. Furthermore, MiniMed submitted its MiniMed Fit™ patch pump to the U.S. FDA ahead of its fall target and received CE Mark for MiniMed Flex™, with a commercial launch anticipated in November. The company also completed enrollment for the Vivera™ fully-closed loop U.S. pivotal trial and secured IDE approval for its next-generation extended wear MiniMed sensor.

Show more
Updated on 10/15/2026

Minimed (MMED) stock has gained about 15% since 6/30/2026 because of the following key factors:

1. Strong Fiscal Q1 2027 Financial Performance and Upgraded Outlook.

MiniMed Group (MMED) reported robust results for its fiscal Q1 2027, which ended on July 31, 2026, on September 1, 2026. The company announced net sales of $843 million, representing a 17% increase as reported and 16% organically, surpassing market expectations. U.S. net sales growth specifically accelerated to 13%. Following these results, MiniMed raised its fiscal year 2027 organic revenue growth guidance to approximately 10.5% from the previous estimate of 10%. The stock price jumped by 5.06% to $21.29 after this announcement.

2. Advancement of Key Product Pipeline and Market Access.

The company made significant progress in its product pipeline and expanded market access for its diabetes management solutions. This included expanded U.S. Medicare access to the MiniMed Flex system and the commencement of commercial U.S. shipments for Abbott's Instinct sensor. Furthermore, MiniMed submitted its MiniMed Fit™ patch pump to the U.S. FDA ahead of its fall target and received CE Mark for MiniMed Flex™, with a commercial launch anticipated in November. The company also completed enrollment for the Vivera™ fully-closed loop U.S. pivotal trial and secured IDE approval for its next-generation extended wear MiniMed sensor.

3. Positive Analyst Sentiment and Increased Price Targets.

Analyst coverage reflected a bullish outlook for MMED during this period, contributing to investor confidence. The Wall Street consensus maintained a "Strong Buy" average rating with an average price target near $21.36. Multiple research firms issued positive reports and raised their price targets in September and October 2026. For example, Mizuho increased its target price from $26.00 to $28.00 with an "outperform" rating, and Truist Financial initiated coverage with a "buy" rating and a $29.00 price objective. Citigroup and Bank of America also boosted their price targets to $26.00 and $28.00, respectively, both with "buy" ratings.

4. Completion of Separation from Medtronic.

MiniMed Group completed its separation from Medtronic plc on October 15, 2026. This process involved Medtronic exchanging all of its remaining 252,813,348 shares of MiniMed common stock through an oversubscribed exchange offer that concluded on October 9, 2026. This finalizes MiniMed's independence, providing clarity on its standalone market position and operations.

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Stock Movement Drivers

Fundamental Drivers

The 17.0% change in MMED stock from 6/30/2026 to 10/18/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610182026Change
Stock Price ($)14.9517.4917.0%
Change Contribution By: 
Total Revenues ($ Mil)3,102�0.0%
P/S Multiple1.4�0.0%
Shares Outstanding (Mil)2812810.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/18/2026
ReturnCorrelation
MMED17.0% 
Market (SPY)2.2%-3.6%
Sector (XLV)11.4%17.1%

Fundamental Drivers

The 17.2% change in MMED stock from 3/31/2026 to 10/18/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)331202610182026Change
Stock Price ($)14.9217.4917.2%
Change Contribution By: 
Total Revenues ($ Mil)��0.0%
Net Income Margin (%)��0.0%
P/E Multiple��0.0%
Shares Outstanding (Mil)2812810.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/18/2026
ReturnCorrelation
MMED17.2% 
Market (SPY)17.7%8.7%
Sector (XLV)21.1%24.5%

Fundamental Drivers

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Market Drivers

9/30/2025 to 10/18/2026
ReturnCorrelation
MMED  
Market (SPY)15.5%18.9%
Sector (XLV)28.6%26.6%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/18/2026
ReturnCorrelation
MMED  
Market (SPY)84.7%18.9%
Sector (XLV)43.7%26.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MMED Return------3%-3%
Peers Return34%-24%-12%2%-8%-15%-28%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
MMED Win Rate-----38% 
Peers Win Rate62%46%42%50%50%48% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
MMED Max Drawdown------ 
Peers Max Drawdown-23%-48%-49%-36%-36%-42% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DXCM, PODD, TNDM, ABT.
[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 10/16/2026 (YTD)

How Low Can It Go

MMED has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2025 US Tariff Shock
  % Loss-11.7%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven142 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.8%-24.5%
  % Gain to Breakeven15.9%32.4%
  Time to Breakeven166 days427 days
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.0%-19.2%
  % Gain to Breakeven17.6%23.8%
  Time to Breakeven191 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.9%-12.2%
  % Gain to Breakeven18.9%13.9%
  Time to Breakeven165 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-15.8%-17.9%
  % Gain to Breakeven18.8%21.8%
  Time to Breakeven153 days123 days

Compare to DXCM, PODD, TNDM, ABT

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% 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.

MMED has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-37.9%-53.4%
  % Gain to Breakeven61.1%114.4%
  Time to Breakeven767 days1085 days

Compare to DXCM, PODD, TNDM, ABT

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% 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 Minimed (MMED)

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The company trading under the symbol MMED is MindMed Inc., a clinical-stage biopharmaceutical company focused on developing psychedelic-inspired therapies for psychiatric and neurological disorders. It appears there may be a slight discrepancy with the name "Minimed" provided in the background, as "MiniMed" is a brand associated with Medtronic (MDT).

As a clinical-stage biopharmaceutical company, MindMed Inc. does not currently have approved products available for commercial sale. Therefore, it does not have major customers in the traditional sense of companies or individuals purchasing its products.

Should MindMed Inc. successfully develop and receive regulatory approval for its therapies in the future, its major customers would primarily be other companies within the healthcare ecosystem. These would typically include:

  • Pharmaceutical Distributors and Wholesalers: Companies that manage the distribution of pharmaceutical products from manufacturers to pharmacies and hospitals. Examples of such public companies include Cardinal Health (CAH), McKesson Corporation (MCK), and AmerisourceBergen (ABC).
  • Healthcare Providers and Systems: Hospitals, clinics, and large integrated health systems that would purchase and administer the therapies to patients.
  • Pharmacies: Retail and institutional pharmacies that would dispense the prescribed medications to patients.

The ultimate end-users for these therapies would be individual patients suffering from psychiatric and neurological disorders, who would receive the treatments through prescriptions and care from healthcare professionals.

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Que Dallara, Chief Executive Officer

Que Dallara serves as the Chief Executive Officer and a Director of Minimed Group, Inc. since March 2026. Prior to leading MiniMed as a standalone public company following its spin-off from Medtronic, Ms. Dallara was the Executive Vice President and President of the Diabetes Operating Unit at Medtronic plc.

Chad Spooner, EVP, Chief Financial Officer

Chad Spooner was appointed Chief Financial Officer of MiniMed Group, Inc., effective March 6, 2026, in connection with the company's separation from Medtronic plc. He joined MiniMed in July 2025 in anticipation of the separation. Mr. Spooner brings over 25 years of financial leadership experience across healthcare, consumer, and industrial sectors. His previous roles include serving as CFO at BIC, a publicly traded global consumer goods company, and holding CFO roles at Raffaela Apparel Group (a Cerberus Capital Management portfolio company) and Slingshot Health. He also co-founded Tenex Capital Management, a middle-market private equity firm where he held senior operational finance roles.

Ali Dianaty, EVP, Chief Product & Technology Officer

Ali Dianaty is the Executive Vice President, Chief Product & Technology Officer for MiniMed Group, Inc.

Courtney Nelson Wills, SVP, General Counsel and Corporate Secretary

Courtney Nelson Wills serves as the Senior Vice President, General Counsel and Corporate Secretary for MiniMed Group, Inc.

Gillian Chandrasena, SVP, Chief Human Resources Officer

Gillian Chandrasena is the Senior Vice President, Chief Human Resources Officer at MiniMed Group, Inc.

AI Analysis | Feedback

MiniMed Group Inc. (NASDAQ: MMED) faces several key business risks, primarily centered around its financial performance, its relationship with its former parent company, and the competitive landscape of the medical device industry for diabetes management. The most significant risk to MiniMed is its **struggle with persistent operating losses**. Despite achieving 10-15% annual revenue growth, the company has been unable to turn a profit. This ongoing unprofitability raises concerns about its long-term financial viability and ability to generate positive returns for investors. Further highlighting these financial challenges, MiniMed's initial public offering (IPO) priced below its suggested range. Another key risk stems from **Medtronic's substantial retained ownership** in MiniMed. Following the IPO, Medtronic plc, the former parent company, still holds approximately 90% of MiniMed's shares. While the spin-off was intended to allow MiniMed to operate with greater agility, this high level of ownership by Medtronic could lead to potential conflicts of interest or limit MiniMed's complete strategic and operational independence. Finally, MiniMed operates in a **highly competitive market for diabetes management devices**. As a provider of insulin delivery systems and continuous glucose monitors, the company is susceptible to pressures from existing competitors and new entrants, as well as rapid technological advancements. The persistent operating losses, even with revenue growth, suggest that MiniMed may be facing significant pricing pressures or high costs associated with maintaining its competitive position in this dynamic industry.

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Minimed (MMED) Addressable Market Sizes

Minimed Group Inc. (MMED) is a medical technology company focused on diabetes management solutions, including automated insulin delivery (AID) systems and continuous glucose monitoring (CGM) devices.

Addressable Markets for Minimed's Main Products and Services (Global)

Automated Insulin Delivery (AID) Systems

The global market for Automated Insulin Delivery (AID) systems, which includes products like Minimed's 780G system, was valued at approximately USD 3.29 billion in 2024. This market is projected to reach about USD 7.83 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 11.43% from 2025 to 2032. Another estimate places the AID system market at USD 5.56 billion in 2026, with an anticipated growth to USD 16.32 billion by 2035, at a CAGR of 12.7% from 2026 to 2035.

Continuous Glucose Monitoring (CGM) Devices

The global Continuous Glucose Monitoring (CGM) market, which encompasses products like Minimed's Simplera Sync CGM sensor, was valued at approximately USD 10.9 billion in 2024. This market is projected to grow from USD 12.4 billion in 2025 to USD 47.1 billion by 2034, with a CAGR of 16% during this forecast period. Other estimates indicate the CGM market was valued at USD 1.27 billion in 2025, expected to reach USD 4.08 billion by 2033 with a 15.7% CAGR, or USD 13.28 billion in 2025, estimated to grow to USD 31.38 billion by 2031 at a CAGR of 15.42%.

Smart Multiple Daily Injection (MDI) Systems (Smart Insulin Pens)

The global market for Smart Insulin Pens, which aligns with Minimed's Smart Multiple Daily Injection (MDI) System, was valued at approximately USD 877.26 million in 2024. This market is expected to grow to USD 1.82 billion by 2032, at a CAGR of 9.57% from 2025 to 2032. Another source states the smart insulin pens market size in 2026 is estimated at USD 1.03 billion, growing to USD 1.85 billion by 2031 with a 12.32% CAGR. A more optimistic projection indicates a market size of USD 4.31 billion in 2024, reaching USD 10.36 billion by 2035, exhibiting a CAGR of 8.30%.

AI Analysis | Feedback

Minimed Group Inc. (Nasdaq: MMED), a medical technology company specializing in diabetes management devices, is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Growing User Base and Increased Adoption of Diabetes Management Systems: The company has a significant and expanding user base for its insulin pumps, continuous glucose monitors (CGMs), and integrated diabetes management solutions. As of October 2025, MiniMed's user base for insulin pumps exceeded 640,000 individuals, demonstrating increasing market penetration in diabetes management. The rising CGM attachment rate, reaching 65% in the six months ending October 2025, further indicates growing adoption of its integrated systems. This growth in its installed base provides a foundation for continued revenue generation from both initial device sales and recurring consumables.
  2. Launch and Commercialization of New and Enhanced Products: MiniMed has recently launched and is actively expanding the commercial availability of new products and integrated systems. The broad U.S. commercial launch of the MiniMed™ 780G system integrated with the Instinct™ sensor, made by Abbott, in December 2025, is a significant driver. Additionally, the Simplera Sync and Instinct sensors have shown to drive acceleration in the U.S. market. The FDA approval of the MiniMed™ 780G system for integration with Abbott's Instinct sensor and its expanded use in type 2 diabetes patients also opens up new market opportunities and is expected to boost access to CGMs.
  3. Advancement of its Product Pipeline and Innovation: The company is focused on continuous innovation in its diabetes management technology. MiniMed is actively developing new products, such as its MiniMed Fit patch pump, which it aims to file for FDA approval by the fall of calendar year 2026. This commitment to developing next-generation sensors (CGM), intelligent dosing systems, and improving the overall user experience is crucial for maintaining a competitive edge and capturing new market share.
  4. Expansion in International Markets: International markets represent a significant growth opportunity for MiniMed. In a February 2026 earnings call, the company reported double-digit strength in international markets, contributing to its overall organic growth. With approximately two-thirds of its sales generated abroad, continued expansion and increased market penetration in these regions will be a key revenue driver.
  5. Leveraging a Recurring Revenue Model: A substantial portion of MiniMed's revenue comes from a recurring sales model. Approximately 83% of its total revenue is generated by CGMs, other consumables, software, and services. As the company expands its installed base of insulin pumps and continuous glucose monitors globally, the recurring sales of associated consumables and services are expected to provide a stable and growing revenue stream.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
Mkt Price17.8385.90141.0916.25104.7885.90
Mkt Cap5.032.89.81.1182.49.8
Rev LTM3,2224,9693,0541,04146,5853,222
Op Inc LTM-1881,139516-467,346516
FCF LTM-3161,405266-627,824266
FCF 3Y Avg-880277-746,751579
CFO LTM-1051,749511-69,905511
CFO 3Y Avg-1,209434-58,947822

Growth & Margins

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
Rev Chg LTM-15.5%29.4%4.0%8.1%11.8%
Rev Chg 3Y Avg-16.0%27.7%10.2%5.1%13.1%
Rev Chg Q16.6%13.1%23.5%5.8%13.0%13.1%
QoQ Delta Rev Chg LTM3.9%3.1%5.3%1.4%3.2%3.2%
Op Inc Chg LTM-65.8%26.7%74.5%-2.2%46.2%
Op Inc Chg 3Y Avg-39.5%98.7%28.5%6.5%34.0%
Op Mgn LTM-5.8%22.9%16.9%-4.4%15.8%15.8%
Op Mgn 3Y Avg-18.7%16.2%-13.3%16.4%16.3%
QoQ Delta Op Mgn LTM0.2%1.5%-0.6%1.8%-1.3%0.2%
CFO/Rev LTM-3.3%35.2%16.7%-0.5%21.3%16.7%
CFO/Rev 3Y Avg-26.9%17.8%-0.7%20.5%19.2%
FCF/Rev LTM-9.8%28.3%8.7%-5.9%16.8%8.7%
FCF/Rev 3Y Avg-19.5%11.5%-8.2%15.5%13.5%

Valuation

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
Mkt Cap5.032.89.81.1182.49.8
P/S1.66.63.21.13.93.2
P/Op Inc-26.728.819.0-24.524.819.0
P/EBIT-26.725.417.7-20.522.017.7
P/E-15.132.826.1-17.733.626.1
P/CFO-47.718.819.1-203.018.418.4
Total Yield-6.7%3.0%3.8%-5.6%5.3%3.0%
Dividend Yield0.0%0.0%0.0%0.0%2.3%0.0%
FCF Yield 3Y Avg-3.0%1.8%-4.7%3.4%2.4%
D/E0.00.00.10.70.20.1
Net D/E-0.0-0.00.00.30.10.0

Returns

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
1M Rtn-18.2%-3.9%0.3%-3.7%2.7%-3.7%
3M Rtn5.3%12.1%-14.0%-4.9%4.7%4.7%
6M Rtn23.5%34.3%-30.7%-21.2%9.7%9.7%
12M Rtn-3.6%29.0%-55.7%9.9%-16.5%-3.6%
3Y Rtn-3.6%-0.2%-2.9%-16.7%16.9%-2.9%
1M Excs Rtn-19.4%-2.6%-0.6%-6.0%2.8%-2.6%
3M Excs Rtn2.4%10.6%-18.6%-13.1%0.8%0.8%
6M Excs Rtn15.8%26.8%-38.2%-28.6%2.2%2.2%
12M Excs Rtn-18.7%16.5%-69.7%-4.7%-31.8%-18.7%
3Y Excs Rtn-80.0%-66.1%-69.3%-84.2%-53.8%-69.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
Continuous glucose monitoring (CGM)1,3131,117958
Consumables854777760
Pumps541540477
Other63450
Total2,7142,4682,245


Price Behavior

Price Behavior
Market Price$17.49 
Market Cap ($ Bil)4.9 
First Trading Date04/12/2010 
Distance from 52W High-26.6% 
   50 Days200 Days
DMA Price$20.45 
DMA Trendup 
Distance from DMA-14.5% 
 3M1YR
Volatility52.2%58.0%
Downside Capture124.35 
Upside Capture123.18 
Correlation (S&P 500)6.5% 
MMED Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta-0.840.23-0.690.23-0.680.61
Up Beta-5.12-1.73-1.850.86-1.350.06
Down Beta-4.75-2.47-3.39-0.750.04-0.00
Up Capture-11%131%82%46%29%3%
Bmk +ve Days6162766132424
Stock +ve Days102032636969
Down Capture40%80%-78%-10%48%28%
Bmk -ve Days16263760120328
Stock -ve Days122231627373

[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 MMED
MMED-5.4%58.0%0.05-
Sector ETF (XLV)25.7%16.1%1.2226.6%
Equity (SPY)15.8%12.7%0.8618.9%
Gold (GLD)-1.4%29.4%-0.0513.2%
Commodities (DBC)52.4%20.7%1.92-9.5%
Real Estate (VNQ)4.8%13.7%0.0923.1%
Bitcoin (BTCUSD)-26.5%43.6%-0.59-4.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MMED
MMED-1.1%58.0%0.05-
Sector ETF (XLV)8.5%15.2%0.3626.6%
Equity (SPY)13.2%17.1%0.5918.9%
Gold (GLD)18.4%18.9%0.7913.2%
Commodities (DBC)9.9%19.5%0.39-9.5%
Real Estate (VNQ)1.6%18.8%-0.0223.1%
Bitcoin (BTCUSD)8.6%51.8%0.34-4.1%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MMED
MMED-0.6%58.0%0.05-
Sector ETF (XLV)11.3%16.7%0.5526.6%
Equity (SPY)15.2%17.9%0.7218.9%
Gold (GLD)12.3%16.4%0.6113.2%
Commodities (DBC)8.3%18.1%0.37-9.5%
Real Estate (VNQ)5.2%20.7%0.2123.1%
Bitcoin (BTCUSD)63.1%66.2%1.03-4.1%

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

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity18.2 Mil
Short Interest: % Change Since 915202633.9%
Average Daily Volume3.1 Mil
Days-to-Cover Short Interest5.9 days
Basic Shares Quantity281.0 Mil
Short % of Basic Shares6.5%

Earnings Returns History

Updated 10/13/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/1/202610.7%15.1%-3.9%
6/3/202615.9%22.9%26.7%
SUMMARY STATS   
# Positive221
# Negative001
Median Positive13.3%19.0%26.7%
Median Negative  -3.9%
Max Positive15.9%22.9%26.7%
Max Negative  -3.9%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/1/202610.7%15.1%-3.9%
6/3/202615.9%22.9%26.7%
SUMMARY STATS   
# Positive221
# Negative001
Median Positive13.3%19.0%26.7%
Median Negative  -3.9%
Max Positive15.9%22.9%26.7%
Max Negative  -3.9%

SEC Filings

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Report DateFiling DateFiling
07/31/202609/08/202610-Q
04/30/202606/29/202610-K
01/31/202604/17/202610-Q
10/31/202503/06/2026424B4
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Report DateFiling DateFiling
07/31/202609/08/202610-Q
04/30/202606/29/202610-K
01/31/202604/17/202610-Q
10/31/202503/06/2026424B4

Recent Forward Guidance

Updated 10/4/2026

Latest: Q1 2027 Earnings Reported 9/1/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Organic Revenue GrowthReported 10.5%  0.5%RaisedGuidance: 10.0% for 2027
2027 Adjusted EBITDA MarginReported 16.0%  0.0%AffirmedGuidance: 16.0% for 2027

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Investor Activity (13F)

Updated Oct 19, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$29.8 Mil0.6%31New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$29.8 Mil0.6%31New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$29.8 Mil0.6%31New13F
Core Cache Last Updated: 10/18/2026