Tearsheet

Modular Medical (MODD)


Market Price (3/30/2026): $0.1552 | Market Cap: $10.2 Mil
Sector: Health Care | Industry: Life Sciences Tools & Services

Modular Medical (MODD)


Market Price (3/30/2026): $0.1552
Market Cap: $10.2 Mil
Sector: Health Care
Industry: Life Sciences Tools & Services

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

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23%
Weak multi-year price returns
2Y Excs Rtn is -114%, 3Y Excs Rtn is -153%
Penny stock
Mkt Price is 0.2
1 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Diabetes Management, Wearable Health Devices, Show more.
  Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
2   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -27 Mil
3   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 -258%
4   Key risks
MODD key risks include [1] potential delays in FDA clearance for its Pivot insulin pump, Show more.
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23%
1 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Diabetes Management, Wearable Health Devices, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -114%, 3Y Excs Rtn is -153%
3 Penny stock
Mkt Price is 0.2
4 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -27 Mil
6 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 -258%
7 Key risks
MODD key risks include [1] potential delays in FDA clearance for its Pivot insulin pump, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Modular Medical (MODD) stock has lost about 60% since 11/30/2025 because of the following key factors:

1. Significant Stock Dilution from Public Offerings.

Modular Medical undertook two public offerings within the specified period, substantially diluting existing shareholder value. A $4.68 million public offering was priced in December 2025. This was followed by a larger $12.0 million public offering announced on March 3, 2026, priced at a notably low $0.1762 per share (or pre-funded warrant), alongside accompanying warrants. These offerings likely increased the number of outstanding shares, exerting downward pressure on the stock price.

2. Persistent Negative Earnings and High Cash Burn.

The company has consistently reported substantial losses, with earnings for the trailing 12 months ending December 31, 2025, at -$26.8 million. For Q4 2025, Modular Medical reported an earnings per share (EPS) of -$0.12, missing analysts' estimates by 9.09%. Analysts also do not expect the company to achieve profitability within the current year, indicating ongoing financial challenges and a high rate of cash expenditure.

Show more

Stock Movement Drivers

Fundamental Drivers

The -60.2% change in MODD stock from 11/30/2025 to 3/29/2026 was primarily driven by a -15.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020253292026Change
Stock Price ($)0.390.16-60.2%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)5666-15.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
MODD-60.2% 
Market (SPY)-5.3%6.5%
Sector (XLV)-8.7%-2.5%

Fundamental Drivers

The -78.3% change in MODD stock from 8/31/2025 to 3/29/2026 was primarily driven by a -17.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120253292026Change
Stock Price ($)0.720.16-78.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)5466-17.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
MODD-78.3% 
Market (SPY)0.6%6.0%
Sector (XLV)5.2%-3.3%

Fundamental Drivers

The -81.5% change in MODD stock from 2/28/2025 to 3/29/2026 was primarily driven by a -42.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820253292026Change
Stock Price ($)0.850.16-81.5%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)3866-42.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
MODD-81.5% 
Market (SPY)9.8%17.5%
Sector (XLV)-2.1%7.4%

Fundamental Drivers

The -92.9% change in MODD stock from 2/28/2023 to 3/29/2026 was primarily driven by a -81.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820233292026Change
Stock Price ($)2.200.16-92.9%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple0.0%
Shares Outstanding (Mil)1266-81.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
MODD-92.9% 
Market (SPY)69.4%9.5%
Sector (XLV)18.4%5.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MODD Return0%733%-9%-25%-73%-52%-27%
Peers Return17%-25%-19%14%-11%-12%-36%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
MODD Win Rate0%58%67%33%17%33% 
Peers Win Rate56%49%40%50%40%17% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
MODD Max Drawdown0%0%-57%-37%-77%-57% 
Peers Max Drawdown-15%-38%-45%-26%-34%-19% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PODD, TNDM, MDT, EMBC.
[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 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventMODDS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-84.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven525.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to PODD, TNDM, MDT, EMBC

In The Past

Modular Medical's stock fell -84.0% during the 2022 Inflation Shock from a high on 6/24/2022. A -84.0% loss requires a 525.9% gain to breakeven.

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About Modular Medical (MODD)

Modular Medical, Inc., a development stage medical device company, focuses on the design, development, and commercialization of insulin pumps using technology to enhance pump adoption in the diabetes marketplace. The company is headquartered in San Diego, California.

AI Analysis | Feedback

Here are 1-3 brief analogies for Modular Medical (MODD):

  • A development-stage competitor to Insulet (Omnipod) in the insulin pump market.
  • An innovative startup aiming to revolutionize insulin pumps, similar to an early Tandem Diabetes Care.

AI Analysis | Feedback

  • Insulin Pumps: Medical devices under development designed to deliver insulin to individuals with diabetes, leveraging technology to enhance pump adoption.

AI Analysis | Feedback

Modular Medical, Inc. (MODD) is a development stage medical device company focused on the design, development, and commercialization of insulin pumps. As a development stage company, it has not yet achieved significant commercial sales and, therefore, does not currently have major customers or generate significant product revenue.

However, upon successful commercialization, Modular Medical's insulin pumps are designed for individuals requiring insulin therapy. Consequently, the primary categories of customers it will serve are expected to be:

  • Individuals with Type 1 Diabetes: Patients who require continuous and precise insulin delivery due to the body's inability to produce insulin.
  • Individuals with Insulin-Dependent Type 2 Diabetes: Patients whose Type 2 diabetes has progressed to a stage requiring insulin therapy and who could benefit from the enhanced glycemic management and flexibility offered by an insulin pump.

AI Analysis | Feedback

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AI Analysis | Feedback

James (Jeb) Besser, Chief Executive Officer

James (Jeb) Besser is the Chief Executive Officer of Modular Medical. He has been a Managing Member of Manchester Management LLC for 23 years, which is the largest shareholder of Modular Medical, Inc.. Mr. Besser, a hedge fund manager by trade, also serves as the Portfolio Manager for Manchester Management. He became CEO in February 2022, two weeks after the company uplisted to NASDAQ. Manchester Management has led every financing round into Modular Medical for four years. His compensation is primarily equity-based, as he earns a salary of one dollar per year.

Paul DiPerna, Founder + President

Paul DiPerna is the Founder and President of Modular Medical. He brings 30 years of experience in the medical device industry as a technologist, business executive, and founder of several successful startups. His background includes key roles at Baxter Healthcare in product design, manufacturing, business development, and technical diligence on acquisitions. Mr. DiPerna founded Tandem Diabetes Care, where he created the technology and served as CEO and board member, leading to its $450 million IPO in 2013. He also co-invented the Ivera Medical blood-borne infection control device technology, which was successfully acquired by 3M in 2015. In 2015, he founded Modular Medical, which initially was self-funded before merging into a financed public shell in 2017. He holds over 70 patents, predominantly in blood separation technologies, micro pumping, and diabetes care systems. Mr. DiPerna previously served as President and CEO of Modular Medical Inc. from 2015 to 2022.

James Sullivan, Interim Chief Financial Officer

James Sullivan serves as the Interim Chief Financial Officer of Modular Medical, where he oversees the finance and administrative functions. He possesses over 30 years of experience in financial management and accounting, with significant public-company experience across hardware, software, and cloud-services businesses. Mr. Sullivan has completed more than 15 financings in his career. He has held CFO positions at MoSys, Inc., Apptera, Inc., and 8x8, Inc.. Prior to these roles, he worked in the assurance practice at PricewaterhouseCoopers LLP in New York and Silicon Valley. He is a certified public accountant and holds a Bachelor of Science in Accounting from New York University's Stern School of Business.

Kevin Schmid, Chief Operating Officer

Kevin Schmid is the Chief Operating Officer at Modular Medical. He is an accomplished executive with over four decades of specialized expertise in drug delivery and diabetes management. Before joining Modular Medical, Mr. Schmid was the Vice President of Operations and Business Development at Insulet Corporation and also served as the Chief Executive Officer at Common Sensing. He played a key role in building Insulet's first two facilities.

AI Analysis | Feedback

Key Business Risks for Modular Medical (MODD)

Modular Medical, Inc. (MODD), a development-stage medical device company focused on innovative insulin pump technology, faces several critical risks as it progresses toward commercialization. 1. **Regulatory Approval and Commercialization:** As a pre-revenue company, Modular Medical's entire business strategy and ability to generate revenue hinge on the successful and timely clearance of its Pivot tubeless insulin delivery system by regulatory bodies such as the U.S. Food and Drug Administration (FDA). The Pivot system is currently not cleared for sale by the FDA, and while the company aims for a Q1 2026 commercial launch, this is contingent on a favorable regulatory review. A delay in, or failure to obtain, regulatory approval would prevent the company from selling its primary product, critically impacting its financial viability and future prospects. 2. **Competition and Market Adoption:** The insulin pump market is characterized by established "giants" like Medtronic, Insulet, and Tandem Diabetes Care. Modular Medical aims to differentiate its MODD1 product by focusing on simplicity, affordability, and ease of use, targeting a broader segment of insulin-dependent individuals, particularly "almost-pumpers" who currently rely on multiple daily injections due to the perceived complexity or cost of existing pumps. Despite this strategy, there remains a significant risk that Modular Medical's products may not achieve substantial market acceptance or effectively compete against larger, more entrenched players with extensive distribution networks, brand recognition, and potentially more integrated or advanced device ecosystems. 3. **Financing and Dilution:** As a development-stage company with no material commercial revenue, Modular Medical is heavily reliant on equity financing and capital markets to fund its ongoing research, development, regulatory processes, and eventual commercialization efforts. The company has recently engaged in public offerings of common stock and warrants, which introduces a significant risk of share dilution for existing shareholders. A continuous need for capital, coupled with potential difficulties in securing adequate funding on favorable terms or excessive dilution from future offerings, could impede the company's ability to execute its business plan and sustain operations until profitability.

AI Analysis | Feedback

The rapid advancement and increasing adoption of comprehensive automated insulin delivery (AID) or closed-loop systems by established competitors in the diabetes care market. These systems integrate continuous glucose monitors (CGMs) with insulin pumps and sophisticated algorithms to automate insulin delivery, moving beyond standalone pump functionality towards a more "artificial pancreas" experience. As a development-stage company focused on insulin pumps, Modular Medical's ability to compete and gain adoption could be severely hampered if its technology does not seamlessly integrate into or surpass the advanced, integrated solutions offered by industry leaders.

AI Analysis | Feedback

Modular Medical, Inc. (MODD) operates within the broader insulin pump market, with its primary focus on developing and commercializing innovative insulin pumps, including its MODD1 two-part patch pump and the upcoming tubeless Pivot product.

Modular Medical estimates its addressable market for its specific products, targeting individuals who have not yet adopted insulin pumps due to factors like cost and complexity, to be approximately $3 billion. This market is primarily considered for the U.S. initially, with plans for European expansion.

The overall global and U.S. markets for insulin pumps provide a broader context for Modular Medical's operations:

  • The global insulin pump market was valued at approximately USD 7.05 billion in 2025 and is projected to grow to USD 22.45 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 13.41% from 2026 to 2034.
  • In 2025, North America held the largest share of the global insulin pump market, accounting for 57.34%. The North American market was valued at USD 4.04 billion in 2025.
  • The U.S. insulin pump market alone is projected to reach USD 4.51 billion by 2026 and is expected to grow from USD 2,407.3 million in 2024 to USD 3,943.8 million by 2030, at a CAGR of 8.4% from 2025 to 2030.

AI Analysis | Feedback

Here are the expected drivers of future revenue growth for Modular Medical (MODD) over the next 2-3 years:

  1. Commercial Launch and Adoption of the MODD1 Insulin Pump: Modular Medical received FDA 510(k) clearance for its next-generation MODD1 insulin delivery pump. The company anticipates commencing initial shipments of the MODD1 by October 2025, which is a critical step for generating its first significant revenues.
  2. Introduction and Market Penetration of the Pivot Patch Pump: The company has branded a new-generation patch pump as Pivot, with a 510(k) premarket notification submitted to the FDA in November 2025, and a commercial launch projected for the first quarter of 2026, pending regulatory approval. Modular Medical has also successfully validated its Pivot controller manufacturing line, indicating readiness for high-volume production. This product is designed to be a tubeless, removable 3-milliliter patch pump that targets adult "almost-pumpers" who have avoided traditional pumps due to complexity, cumbersomeness, or cost, thus aiming to expand the overall market for insulin pump therapy.
  3. International Market Expansion: Modular Medical intends to pursue regulatory clearances in the European Union, the United Kingdom, Canada, and other international markets. The company plans to conduct academic and usability studies outside the U.S. in preparation for a full commercial launch in these regions. The appointment of a Head of International Operations further underscores this global expansion strategy.
  4. Potential Development and Partnerships for GLP-1 Delivery: Modular Medical is exploring the application of its pump technology for GLP-1 (weight loss/diabetes management) drugs. The company believes this market could be as substantial as its core insulin pump business if successful, and it aims to partner with a drug manufacturer for clearance and marketing in this potential new segment.

AI Analysis | Feedback

Share Issuance

  • Modular Medical completed its Initial Public Offering (IPO) in February 2022, raising $15 million by issuing 2,500,000 shares at $6.00 per share.
  • In February 2024, the company closed a public offering of 9,090,910 shares of common stock at $1.10 per share, generating approximately $10 million in gross proceeds.
  • Modular Medical priced a public offering in March 2026, which is anticipated to generate approximately $12 million in gross proceeds from the sale of common stock and warrants.

Inbound Investments

  • In March 2025, Modular Medical completed a private placement that raised approximately $12 million.
  • Concurrently with the March 2025 private placement, an additional $0.5 million in capital was raised through a direct private placement with a foreign investor.

Capital Expenditures

  • Net property, plant, and equipment increased by approximately $2.84 million from March 2022 to March 2023.
  • The company's net property, plant, and equipment further increased by approximately $0.91 million from March 2023 to March 2024, and by $1.11 million from March 2024 to March 2025.

Trade Ideas

Select ideas related to MODD.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
QDEL_2282026_Insider_Buying_45D_2Buy_200K02282026QDELQuidelOrthoInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
CHE_2272026_Dip_Buyer_FCFYield02272026CHEChemedDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
LLY_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026LLYEli LillyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
HAE_2202026_Dip_Buyer_FCFYield02202026HAEHaemoneticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.5%3.5%0.0%
IQV_2132026_Dip_Buyer_ValueBuy02132026IQVIQVIADip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
7.1%7.1%-3.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MODDPODDTNDMMDTEMBCMedian
NameModular .Insulet Tandem D.MedtronicEmbecta  
Mkt Price0.16208.2221.0087.148.5721.00
Mkt Cap0.014.71.4111.80.51.4
Rev LTM02,7081,01535,4831,0801,080
Op Inc LTM-27474-1676,611319319
FCF LTM-26350-1085,410206206
FCF 3Y Avg-20228-775,2696868
CFO LTM-22569-107,285214214
CFO 3Y Avg-17382-67,0168484

Growth & Margins

MODDPODDTNDMMDTEMBCMedian
NameModular .Insulet Tandem D.MedtronicEmbecta  
Rev Chg LTM-30.7%7.9%6.9%-2.5%7.4%
Rev Chg 3Y Avg-27.6%9.0%4.9%-1.1%6.9%
Rev Chg Q-31.2%2.7%8.7%-0.3%5.7%
QoQ Delta Rev Chg LTM-7.4%0.8%2.1%-0.1%1.4%
Op Mgn LTM-17.5%-16.5%18.6%29.6%18.1%
Op Mgn 3Y Avg-15.1%-19.4%18.5%22.9%16.8%
QoQ Delta Op Mgn LTM-0.2%1.0%-0.7%2.1%0.6%
CFO/Rev LTM-21.0%-1.0%20.5%19.8%20.2%
CFO/Rev 3Y Avg-16.8%-0.9%20.8%7.7%12.3%
FCF/Rev LTM-12.9%-10.7%15.2%19.1%14.1%
FCF/Rev 3Y Avg-9.8%-9.1%15.7%6.3%8.1%

Valuation

MODDPODDTNDMMDTEMBCMedian
NameModular .Insulet Tandem D.MedtronicEmbecta  
Mkt Cap0.014.71.4111.80.51.4
P/S-5.41.43.10.52.3
P/EBIT-0.436.7-7.417.81.71.7
P/E-0.459.3-7.024.23.63.6
P/CFO-0.525.7-146.915.32.42.4
Total Yield-253.9%1.7%-14.3%7.4%34.7%1.7%
Dividend Yield0.0%0.0%0.0%3.2%7.0%0.0%
FCF Yield 3Y Avg-59.8%1.2%-4.6%4.7%9.7%1.2%
D/E0.00.10.30.32.80.3
Net D/E-0.20.00.10.22.40.1

Returns

MODDPODDTNDMMDTEMBCMedian
NameModular .Insulet Tandem D.MedtronicEmbecta  
1M Rtn-36.5%-15.6%-17.0%-10.0%-16.5%-16.5%
3M Rtn-60.4%-27.9%-6.0%-9.0%-27.6%-27.6%
6M Rtn-77.7%-34.5%75.0%-6.1%-36.6%-34.5%
12M Rtn-85.7%-19.5%8.9%2.6%-26.5%-19.5%
3Y Rtn-89.1%-34.3%-47.4%21.3%-65.3%-47.4%
1M Excs Rtn-57.3%-9.4%-10.8%-1.6%-9.2%-9.4%
3M Excs Rtn-52.9%-19.8%1.5%-0.9%-19.9%-19.8%
6M Excs Rtn-74.2%-32.1%79.2%-1.9%-32.1%-32.1%
12M Excs Rtn-97.9%-32.9%-4.7%-8.8%-39.5%-32.9%
3Y Excs Rtn-152.9%-95.7%-111.1%-40.6%-128.6%-111.1%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Design, development and eventual commercialization of innovative insulin pumps using modernized1471024
Total1471024


Price Behavior

Price Behavior
Market Price$0.16 
Market Cap ($ Bil)0.0 
First Trading Date06/25/2009 
Distance from 52W High-85.7% 
   50 Days200 Days
DMA Price$0.35$0.54
DMA Trenddowndown
Distance from DMA-55.1%-71.2%
 3M1YR
Volatility142.3%98.9%
Downside Capture2.031.59
Upside Capture-134.92-19.04
Correlation (SPY)11.4%17.1%
MODD Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.180.930.160.330.860.55
Up Beta-1.67-2.18-5.02-2.820.350.13
Down Beta2.141.321.001.821.300.76
Up Capture-106%36%-9%-69%23%6%
Bmk +ve Days9203170142431
Stock +ve Days8203150111334
Down Capture566%367%259%189%140%106%
Bmk -ve Days12213054109320
Stock -ve Days13213074136374

[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 MODD
MODD-87.0%98.5%-1.54-
Sector ETF (XLV)0.3%17.6%-0.138.7%
Equity (SPY)14.5%18.9%0.5917.5%
Gold (GLD)50.2%27.7%1.46-9.0%
Commodities (DBC)17.8%17.6%0.85-11.5%
Real Estate (VNQ)0.4%16.4%-0.1513.5%
Bitcoin (BTCUSD)-23.7%44.2%-0.492.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MODD
MODD-47.3%92.0%-0.43-
Sector ETF (XLV)6.0%14.5%0.234.0%
Equity (SPY)11.8%17.0%0.549.3%
Gold (GLD)20.7%17.7%0.96-1.4%
Commodities (DBC)11.6%18.9%0.50-2.2%
Real Estate (VNQ)3.0%18.8%0.079.0%
Bitcoin (BTCUSD)4.0%56.6%0.294.4%

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 MODD
MODD-27.4%92.0%-0.43-
Sector ETF (XLV)9.7%16.5%0.484.0%
Equity (SPY)14.0%17.9%0.679.3%
Gold (GLD)13.3%15.8%0.70-1.4%
Commodities (DBC)8.2%17.6%0.39-2.2%
Real Estate (VNQ)4.7%20.7%0.199.0%
Bitcoin (BTCUSD)66.4%66.8%1.064.4%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity1.6 Mil
Short Interest: % Change Since 2282026412.0%
Average Daily Volume3.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity65.9 Mil
Short % of Basic Shares2.4%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/17/202610-Q
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202506/20/202510-K
12/31/202402/13/202510-Q
09/30/202411/14/202410-Q
06/30/202408/13/202410-Q
03/31/202406/21/202410-K
12/31/202302/13/202410-Q
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202306/26/202310-K
12/31/202202/13/202310-Q
09/30/202211/14/202210-Q
06/30/202208/11/202210-Q
03/31/202206/28/202210-K

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Manchester, Management Co LlcChief Executive OfficerSee footnoteBuy32420251.92520,832999,9977,306,704Form
2Manchester, Management Co LlcChief Executive OfficerDirectBuy32420251.92156,250300,000810,240Form