Northern Technologies International (NTIC)
Market Price (6/24/2026): $8.26 | Market Cap: $78.4 MilSector: Materials | Industry: Specialty Chemicals
Northern Technologies International (NTIC)
Market Price (6/24/2026): $8.26Market Cap: $78.4 MilSector: 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 39% Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Advanced Materials, and Sustainable Resource Management. Themes include Sustainable Packaging Materials, Show more. | Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -89% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.3% Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.1% 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 -4.7% Key risksNTIC key risks include [1] its heavy reliance on a global network of joint ventures, Show more. |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Advanced Materials, and Sustainable Resource Management. Themes include Sustainable Packaging Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -89% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.3% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.1% |
| 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 -4.7% |
| Key risksNTIC key risks include [1] its heavy reliance on a global network of joint ventures, Show more. |
Qualitative Assessment
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Northern Technologies International (NTIC) stock has lost about 5% since 2/28/2026 because of the following key factors:
1. Northern Technologies International Corporation reported a significant decline in net income for its second quarter fiscal 2026, which ended on February 28, 2026. The company reported a net loss of $35,000 for the quarter, a substantial decrease compared to a net income of $434,000 in the same period of fiscal 2025. While consolidated net sales increased by 15.3% year-over-year to $21.997 million, the non-GAAP adjusted net income was only $70,000, or $0.01 per diluted share.
2. The company announced the suspension of its quarterly cash dividend on April 24, 2026. This strategic decision, effective for the third quarter of fiscal 2026, was made to prioritize debt reduction. This followed a prior reduction of the quarterly dividend to $0.01 per share in the third quarter of fiscal 2025.
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Northern Technologies International (NTIC) stock has lost about 5% since 2/28/2026 because of the following key factors:
1. Northern Technologies International Corporation reported a significant decline in net income for its second quarter fiscal 2026, which ended on February 28, 2026. The company reported a net loss of $35,000 for the quarter, a substantial decrease compared to a net income of $434,000 in the same period of fiscal 2025. While consolidated net sales increased by 15.3% year-over-year to $21.997 million, the non-GAAP adjusted net income was only $70,000, or $0.01 per diluted share.
2. The company announced the suspension of its quarterly cash dividend on April 24, 2026. This strategic decision, effective for the third quarter of fiscal 2026, was made to prioritize debt reduction. This followed a prior reduction of the quarterly dividend to $0.01 per share in the third quarter of fiscal 2025.
3. Northern Technologies International has placed a strategic focus on reducing its debt. As of February 28, 2026, the company had outstanding debt of $14.3 million, which included $11.3 million drawn from its revolving line of credit. Management highlighted debt reduction through positive operating cash flow and improved working capital efficiencies as a key priority for fiscal year 2026 and beyond.
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Stock Movement Drivers
Fundamental Drivers
The -7.3% change in NTIC stock from 2/28/2026 to 6/23/2026 was primarily driven by a -10.3% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.90 | 8.25 | -7.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 86 | 89 | 3.4% |
| P/S Multiple | 1.0 | 0.9 | -10.3% |
| Shares Outstanding (Mil) | 9 | 9 | -0.1% |
| Cumulative Contribution | -7.3% |
Market Drivers
2/28/2026 to 6/23/2026| Return | Correlation | |
|---|---|---|
| NTIC | -7.3% | |
| Market (SPY) | 7.2% | -7.6% |
| Sector (XLB) | -4.3% | 0.0% |
Fundamental Drivers
The 11.0% change in NTIC stock from 11/30/2025 to 6/23/2026 was primarily driven by a 5.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.43 | 8.25 | 11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 84 | 89 | 5.8% |
| P/S Multiple | 0.8 | 0.9 | 5.1% |
| Shares Outstanding (Mil) | 9 | 9 | -0.1% |
| Cumulative Contribution | 11.0% |
Market Drivers
11/30/2025 to 6/23/2026| Return | Correlation | |
|---|---|---|
| NTIC | 11.0% | |
| Market (SPY) | 8.0% | -3.0% |
| Sector (XLB) | 14.9% | 3.2% |
Fundamental Drivers
The 14.5% change in NTIC stock from 5/31/2025 to 6/23/2026 was primarily driven by a 8.7% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.20 | 8.25 | 14.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 84 | 89 | 5.5% |
| P/S Multiple | 0.8 | 0.9 | 8.7% |
| Shares Outstanding (Mil) | 9 | 9 | -0.2% |
| Cumulative Contribution | 14.5% |
Market Drivers
5/31/2025 to 6/23/2026| Return | Correlation | |
|---|---|---|
| NTIC | 14.5% | |
| Market (SPY) | 25.9% | 7.0% |
| Sector (XLB) | 20.1% | 12.7% |
Fundamental Drivers
The -23.9% change in NTIC stock from 5/31/2023 to 6/23/2026 was primarily driven by a -33.0% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6232026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.83 | 8.25 | -23.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 77 | 89 | 15.1% |
| P/S Multiple | 1.3 | 0.9 | -33.0% |
| Shares Outstanding (Mil) | 9 | 9 | -1.3% |
| Cumulative Contribution | -23.9% |
Market Drivers
5/31/2023 to 6/23/2026| Return | Correlation | |
|---|---|---|
| NTIC | -23.9% | |
| Market (SPY) | 82.4% | 22.1% |
| Sector (XLB) | 43.8% | 18.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NTIC Return | 47% | -11% | -9% | 17% | -41% | 5% | -15% |
| Peers Return | 15% | -22% | 16% | 12% | 9% | 9% | 40% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| NTIC Win Rate | 67% | 58% | 33% | 50% | 42% | 33% | |
| Peers Win Rate | 50% | 37% | 47% | 53% | 43% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NTIC Max Drawdown | -35% | -39% | -26% | -37% | -49% | -20% | |
| Peers Max Drawdown | -27% | -42% | -29% | -23% | -32% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RPM, KWR, FSI, WDFC, PPG.
[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 6/23/2026 (YTD)
How Low Can It Go
| Event | NTIC | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.0% | -9.5% |
| % Gain to Breakeven | 20.5% | 10.5% |
| Time to Breakeven | 8 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.0% | -6.7% |
| % Gain to Breakeven | 21.9% | 7.1% |
| Time to Breakeven | 37 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -38.0% | -24.5% |
| % Gain to Breakeven | 61.4% | 32.4% |
| Time to Breakeven | 602 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.5% | -33.7% |
| % Gain to Breakeven | 135.6% | 50.9% |
| Time to Breakeven | 302 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.3% | -19.2% |
| % Gain to Breakeven | 30.4% | 23.8% |
| Time to Breakeven | 796 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.6% | -12.2% |
| % Gain to Breakeven | 60.2% | 13.9% |
| Time to Breakeven | 372 days | 62 days |
In The Past
Northern Technologies International's stock fell -17.0% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 20.5% gain to breakeven.
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Asset Allocation
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| Event | NTIC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -38.0% | -24.5% |
| % Gain to Breakeven | 61.4% | 32.4% |
| Time to Breakeven | 602 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -57.5% | -33.7% |
| % Gain to Breakeven | 135.6% | 50.9% |
| Time to Breakeven | 302 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.3% | -19.2% |
| % Gain to Breakeven | 30.4% | 23.8% |
| Time to Breakeven | 796 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.6% | -12.2% |
| % Gain to Breakeven | 60.2% | 13.9% |
| Time to Breakeven | 372 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -52.4% | -6.8% |
| % Gain to Breakeven | 110.3% | 7.3% |
| Time to Breakeven | 670 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -41.5% | -53.4% |
| % Gain to Breakeven | 70.9% | 114.4% |
| Time to Breakeven | 159 days | 1085 days |
In The Past
Northern Technologies International's stock fell -17.0% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 20.5% 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 Northern Technologies International (NTIC)
Northern Technologies International Corporation (NTIC) specializes in developing and marketing solutions to prevent rust and corrosion across various industries globally. Under its primary brand, ZERUST, the company offers a comprehensive range of rust and corrosion inhibiting products. These include specialized plastic and paper packaging, protective liquids and coatings, rust removers, cleaners, and diffusers. ZERUST also provides engineered solutions specifically tailored for the demanding oil and gas industry, along with on-site and technical consulting services to address rust and corrosion challenges for its global clientele.
Beyond its core corrosion prevention business, NTIC diversifies its offerings with the Natur-Tec brand, which provides a portfolio of bio-based and certified compostable polymer resin compounds and finished products. The company's broad product and service portfolio targets a wide array of industrial and commercial markets, including automotive, electronics, electrical, mechanical, military, and retail consumer sectors, in addition to the oil and gas industry. NTIC distributes its solutions internationally across North America, South America, Europe, Asia, and the Middle East through a combination of direct sales, independent distributors, agents, and strategic partners.
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Here are 1-2 brief analogies to describe Northern Technologies International (NTIC):
The 3M for rust and corrosion prevention.
Like a specialized 3M, focused on industrial protection from rust, that also develops eco-friendly, compostable plastics.
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- ZERUST Rust and Corrosion Inhibiting Products: These products include plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions for various industries.
- Natur-Tec Bio-based and Compostable Polymer Products: This portfolio offers environmentally friendly polymer resin compounds and finished products.
- Rust and Corrosion Prevention Consulting: The company provides on-site and technical consulting services for rust and corrosion prevention issues.
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- Automotive companies
- Electronics companies
- Electrical companies
- Mechanical companies
- Military organizations and contractors
- Companies serving the retail consumer market (manufacturers of consumer goods)
- Oil and gas companies
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G. Patrick Lynch, President and Chief Executive Officer
G. Patrick Lynch has served as President of Northern Technologies International Corporation since July 2005 and Chief Executive Officer since January 2006. He was appointed a director of NTIC in February 2004. Mr. Lynch joined NTIC in 1995 and held various positions including Vice President of Strategic Planning, Corporate Secretary, and Project Manager. He also served as President of North American Operations from May 2004 to July 2005. Mr. Lynch is an officer and director of Inter Alia Holding Company, a financial and management consulting firm and a significant stockholder of NTIC. Prior to joining NTIC, he held positions in sales management for Fuji Electric Co., Ltd. in Tokyo, Japan, and programming project management for BMW AG in Munich, Germany. Mr. Lynch earned an M.B.A. degree from the University of Michigan Business School.
Matthew C. Wolsfeld, Chief Financial Officer and Corporate Secretary
Matthew C. Wolsfeld has been Northern Technologies International Corporation's Chief Financial Officer since November 2001 and Corporate Secretary since November 2004. He joined NTIC in February 2001 and served as Controller from May 2001 through November 2001. Before his tenure at NTIC, Mr. Wolsfeld worked in an auditing position with PricewaterhouseCoopers LLP in Minneapolis, Minnesota, from 1997 to 2001. He holds a B.A. degree in Accounting from the University of Notre Dame and an M.B.A. degree from the University of Minnesota, Carlson School of Business, and is a Certified Public Accountant. He was also recognized by the Minneapolis St. Paul Business Journal as one of the "Top 10 Hardest Working CFO's" for a small, public company.
Vineet R. Dalal, Vice President and Director, Global Market Development, Natur-Tec
Vineet R. Dalal serves as the Vice President and Director, Global Market Development for Natur-Tec, a brand of Northern Technologies International Corporation. No additional background information focusing on founding or managing other companies, selling companies, or private equity firm involvement was readily available in the provided search results.
Brian Haglund, Vice President, Operations, North America
Brian Haglund holds the position of Vice President, Operations, North America at Northern Technologies International Corporation. No additional background information focusing on founding or managing other companies, selling companies, or private equity firm involvement was readily available in the provided search results.
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Key Risks to Northern Technologies International (NTIC)
The key risks to Northern Technologies International (NTIC) primarily stem from its extensive global operations, the inherent volatility in its financial performance, particularly concerning its joint ventures, and the ever-present threat of cybersecurity and technology-related issues.- Global Market and Geopolitical Risks: NTIC operates in over 65 countries, maintaining a network of direct sales, distributors, agents, and joint ventures across North America, South America, Europe, Asia, and the Middle East. This global footprint exposes the company to significant geopolitical and macroeconomic risks. The fiscal year 2025 saw ongoing dislocations from the Russia/Ukraine war, shifting U.S./China trade dynamics, and evolving tariff and industrial policy frameworks, all of which disrupted supply chains. Furthermore, strategic decisions, such as NTIC's move to go direct in China, present risks related to the actual market size and the company's ability to capitalize on opportunities, potentially leading to volatility in operating results. Political tensions, such as Germany's dilemma regarding investments in China, can also impact international operations and trade relations.
- Volatility in Financial Performance and Joint Venture Income: The company experienced a significant drop in net income attributable to NTIC in fiscal year 2025, falling to $18,000 from $5.4 million in fiscal 2024. This decline was attributed to investments made to support growth, lower joint venture operating income, a less profitable revenue mix, and a substantial increase in the effective tax rate. The total net sales for NTIC's unconsolidated joint ventures also decreased by 4.9% in fiscal 2025, leading to a reduction in joint venture operating income. This indicates a risk associated with the unpredictable nature of global markets and the performance of its extensive joint venture network, directly impacting overall profitability.
- Cybersecurity and Technology Risks: As a modern, globally integrated company, NTIC faces continuous cybersecurity and technology risks. The company acknowledges that "Maintaining a robust information security system is an ongoing priority for NTIC, and NTIC plans to continue to identify and evaluate new, emerging risks to data protection and cybersecurity". These risks include, but are not limited to, data theft, malware, phishing, ransomware attacks, and other cybersecurity threats that could disrupt operations, compromise sensitive data, and lead to financial losses or reputational damage. The increasing interconnectedness of systems and reliance on technology heighten these operational risks.
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Northern Technologies International Corporation (NTIC) operates in two primary markets through its ZERUST and Natur-Tec brands. The addressable markets for their main products and services are global.
ZERUST Brand (Rust and corrosion inhibiting products and services):
- The global corrosion inhibitors market was estimated at approximately USD 8.93 billion in 2024 and is projected to reach around USD 11.06 billion by 2030. Other estimates suggest the market, valued at over USD 9.3 billion in 2025, is anticipated to cross USD 14.03 billion by 2035.
- A key segment, the global Volatile Corrosion Inhibitors (VCI) market, was valued at approximately USD 700 million in 2023 and is projected to reach around USD 1.2 billion by 2032. More recent data indicates the global VCI market size crossed USD 862.82 million in 2025 and is likely to cross USD 1.5 billion by 2035.
Natur-Tec Brand (Bio-based and certified compostable polymer resin compounds and finished products):
- The global bio-based polymers market, which encompasses Natur-Tec's offerings, was valued at USD 12.08 billion in 2024, grew to USD 14.14 billion in 2025, and is expected to reach approximately USD 58.36 billion by 2034.
- Similarly, the global biodegradable plastics market was valued at USD 5.36 billion in 2025 and is anticipated to reach around USD 19.41 billion by 2034. Another report estimates the global biodegradable plastic market size at USD 10.26 billion in 2025, projected to reach USD 24.86 billion by 2033.
- The global biodegradable polymers market was estimated at USD 8.4 billion in 2024 and is expected to grow from USD 9.6 billion in 2025 to USD 39.3 billion by 2034.
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Northern Technologies International Corporation (NTIC) anticipates several key drivers for its future revenue growth over the next 2-3 years:
- Growth in ZERUST® Oil & Gas and Natur-Tec® Product Lines: The company has a strong pipeline of opportunities in both its ZERUST® oil and gas segment and its Natur-Tec® bio-based and compostable polymer resin compounds. For example, Natur-Tec net sales increased by 47.5% in the second quarter of fiscal 2024, while ZERUST® Oil & Gas net sales grew by 20.1% during the same period. Management expects sequential improvement in ZERUST® oil and gas sales and profitability. The first quarter of fiscal 2026 also showed increased demand and sales for both ZERUST® and Natur-Tec® products.
- Benefits from Strategic Investments in Global Operations: NTIC expects to realize benefits from strategic investments made over the past three years to upgrade its global operations, which are intended to support future growth starting in fiscal year 2026. These investments aim to leverage new employees and facilities across its global operations, contributing to sales growth.
- Expansion and Improved Demand in NTIC China: The company has observed significant growth in its NTIC China subsidiary, with net sales increasing by 27.4% in the third quarter of fiscal 2025 and 23.5% in the first quarter of fiscal 2026. Sales trends in China have stabilized, and management is cautiously optimistic about continued improvement in demand in this region, which should support higher incremental sales and profitability into fiscal 2025 and beyond.
- Increased Demand for ZERUST® Industrial Products: Demand for ZERUST® industrial products remains a consistent growth driver. ZERUST® industrial net sales increased by 7.1% in the third quarter of fiscal 2025 and by 6.9% in the first quarter of fiscal 2026.
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Share Repurchases
- Northern Technologies International Corporation's Board of Directors authorized a stock repurchase program allowing the repurchase of up to $3.0 million of its outstanding common stock.
Share Issuance
- No significant share issuances by the company with specific dollar amounts were identified within the last 3-5 years.
Inbound Investments
- No large inbound investments made in the company by third-parties were identified within the last 3-5 years.
Outbound Investments
- NTIC acquired Harita-NTI Limited, now Zerust India, as a wholly-owned subsidiary effective September 1, 2021.
- Investments in joint ventures totaled $28,612,000 as of August 31, 2025.
- Investments in joint ventures increased to $29,277,000 as of November 30, 2025.
Capital Expenditures
- Capital expenditures amounted to $409,094 during the three months ended November 30, 2022, primarily focused on new equipment and facility improvements.
- The company expected to spend approximately $1,200,000 to $1,500,000 on capital expenditures during fiscal year 2023, primarily for new equipment and facility improvements.
- Adjusted Capital Expenditures for Northern Technologies International Corporation were USD -821.6 thousand in 2025, representing a decrease year-over-year.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Northern Technologies International Earnings Notes | 12/16/2025 | |
| How Low Can Northern Technologies International Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 111.87 |
| Mkt Cap | 2.8 |
| Rev LTM | 1,281 |
| Op Inc LTM | 140 |
| FCF LTM | 87 |
| FCF 3Y Avg | 119 |
| CFO LTM | 116 |
| CFO 3Y Avg | 145 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | 1.6% |
| Rev Chg Q | 9.8% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | -2.7% |
| Op Inc Chg 3Y Avg | 4.9% |
| Op Mgn LTM | 10.7% |
| Op Mgn 3Y Avg | 11.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 8.9% |
| CFO/Rev 3Y Avg | 12.2% |
| FCF/Rev LTM | 6.0% |
| FCF/Rev 3Y Avg | 7.7% |
Price Behavior
| Market Price | $8.25 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 09/13/1993 | |
| Distance from 52W High | -16.5% | |
| 50 Days | 200 Days | |
| DMA Price | $8.02 | $8.13 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 2.9% | 1.5% |
| 3M | 1YR | |
| Volatility | 15.1% | 39.2% |
| Downside Capture | 8.47 | 25.78 |
| Upside Capture | -9.28 | 32.54 |
| Correlation (SPY) | -5.2% | 6.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.39 | 0.09 | -0.05 | -0.04 | 0.28 | 0.65 |
| Up Beta | 0.48 | -0.29 | -0.49 | -0.41 | 0.14 | 0.52 |
| Down Beta | 0.99 | 0.67 | 0.54 | 0.27 | 0.22 | 0.94 |
| Up Capture | 12% | 2% | -20% | 7% | 26% | 17% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 17 | 23 | 54 | 107 | 349 |
| Down Capture | 36% | 76% | 26% | -13% | 40% | 89% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 20 | 35 | 64 | 130 | 381 |
[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 NTIC | |
|---|---|---|---|---|
| NTIC | 12.4% | 39.1% | 0.38 | - |
| Sector ETF (XLB) | 20.1% | 17.5% | 0.89 | 12.7% |
| Equity (SPY) | 24.6% | 12.5% | 1.48 | 6.2% |
| Gold (GLD) | 21.8% | 27.6% | 0.70 | 2.6% |
| Commodities (DBC) | 16.7% | 18.8% | 0.69 | -1.7% |
| Real Estate (VNQ) | 12.3% | 13.8% | 0.60 | 6.7% |
| Bitcoin (BTCUSD) | -38.0% | 42.5% | -1.01 | 7.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTIC | |
|---|---|---|---|---|
| NTIC | -12.0% | 42.0% | -0.18 | - |
| Sector ETF (XLB) | 5.8% | 19.0% | 0.20 | 17.6% |
| Equity (SPY) | 13.1% | 17.1% | 0.59 | 18.4% |
| Gold (GLD) | 16.8% | 18.3% | 0.74 | -0.5% |
| Commodities (DBC) | 7.3% | 19.4% | 0.28 | 8.4% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.03 | 13.5% |
| Bitcoin (BTCUSD) | 9.7% | 54.1% | 0.38 | 8.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTIC | |
|---|---|---|---|---|
| NTIC | 5.4% | 45.2% | 0.28 | - |
| Sector ETF (XLB) | 10.2% | 20.7% | 0.44 | 20.8% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 19.9% |
| Gold (GLD) | 11.9% | 16.1% | 0.61 | -1.5% |
| Commodities (DBC) | 5.9% | 18.0% | 0.25 | 9.5% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 17.5% |
| Bitcoin (BTCUSD) | 57.0% | 66.5% | 0.97 | 9.8% |
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Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/9/2026 | 0.1% | 1.0% | -0.1% |
| 1/8/2026 | -0.6% | 9.4% | 4.1% |
| 11/18/2025 | -5.9% | -5.9% | -1.9% |
| 7/11/2025 | -2.3% | -9.2% | -16.1% |
| 4/10/2025 | -20.9% | -27.9% | -25.3% |
| 1/8/2025 | -2.3% | -3.3% | -16.4% |
| 11/19/2024 | 5.8% | 2.5% | 4.1% |
| 7/11/2024 | -11.0% | -14.5% | -18.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 12 |
| # Negative | 13 | 14 | 12 |
| Median Positive | 5.1% | 14.8% | 11.9% |
| Median Negative | -5.3% | -6.7% | -7.8% |
| Max Positive | 17.4% | 27.9% | 56.8% |
| Max Negative | -20.9% | -27.9% | -25.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/9/2026 | 0.1% | 1.0% | -0.1% |
| 1/8/2026 | -0.6% | 9.4% | 4.1% |
| 11/18/2025 | -5.9% | -5.9% | -1.9% |
| 7/11/2025 | -2.3% | -9.2% | -16.1% |
| 4/10/2025 | -20.9% | -27.9% | -25.3% |
| 1/8/2025 | -2.3% | -3.3% | -16.4% |
| 11/19/2024 | 5.8% | 2.5% | 4.1% |
| 7/11/2024 | -11.0% | -14.5% | -18.2% |
| 4/11/2024 | 13.6% | 27.9% | 56.8% |
| 1/11/2024 | -5.4% | -2.4% | 11.1% |
| 11/21/2023 | -4.2% | -11.0% | 1.2% |
| 7/13/2023 | 17.4% | 15.1% | 20.9% |
| 4/13/2023 | 3.8% | 2.1% | -1.8% |
| 1/12/2023 | 0.4% | -0.2% | -1.6% |
| 11/14/2022 | -5.3% | -4.9% | -4.6% |
| 7/7/2022 | 8.5% | 21.7% | 16.1% |
| 4/7/2022 | -5.6% | -6.9% | -9.9% |
| 1/6/2022 | 5.1% | -6.4% | -5.8% |
| 11/17/2021 | -2.5% | -10.5% | -16.6% |
| 7/8/2021 | 2.7% | 17.6% | 12.7% |
| 4/8/2021 | -1.8% | -0.3% | 0.2% |
| 1/7/2021 | 9.3% | 14.5% | 26.8% |
| 11/12/2020 | -7.3% | -9.6% | 3.6% |
| 7/8/2020 | 3.9% | 15.0% | 27.1% |
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 12 |
| # Negative | 13 | 14 | 12 |
| Median Positive | 5.1% | 14.8% | 11.9% |
| Median Negative | -5.3% | -6.7% | -7.8% |
| Max Positive | 17.4% | 27.9% | 56.8% |
| Max Negative | -20.9% | -27.9% | -25.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/09/2026 | 10-Q |
| 11/30/2025 | 01/08/2026 | 10-Q |
| 08/31/2025 | 11/20/2025 | 10-K |
| 05/31/2025 | 07/11/2025 | 10-Q |
| 02/28/2025 | 04/10/2025 | 10-Q |
| 11/30/2024 | 01/10/2025 | 10-Q |
| 08/31/2024 | 11/19/2024 | 10-K |
| 05/31/2024 | 07/11/2024 | 10-Q |
| 02/29/2024 | 04/11/2024 | 10-Q |
| 11/30/2023 | 01/11/2024 | 10-Q |
| 08/31/2023 | 11/21/2023 | 10-K |
| 05/31/2023 | 07/13/2023 | 10-Q |
| 02/28/2023 | 04/13/2023 | 10-Q |
| 11/30/2022 | 01/12/2023 | 10-Q |
| 08/31/2022 | 11/15/2022 | 10-K |
| 05/31/2022 | 07/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/09/2026 | 10-Q |
| 11/30/2025 | 01/08/2026 | 10-Q |
| 08/31/2025 | 11/20/2025 | 10-K |
| 05/31/2025 | 07/11/2025 | 10-Q |
| 02/28/2025 | 04/10/2025 | 10-Q |
| 11/30/2024 | 01/10/2025 | 10-Q |
| 08/31/2024 | 11/19/2024 | 10-K |
| 05/31/2024 | 07/11/2024 | 10-Q |
| 02/29/2024 | 04/11/2024 | 10-Q |
| 11/30/2023 | 01/11/2024 | 10-Q |
| 08/31/2023 | 11/21/2023 | 10-K |
| 05/31/2023 | 07/13/2023 | 10-Q |
| 02/28/2023 | 04/13/2023 | 10-Q |
| 11/30/2022 | 01/12/2023 | 10-Q |
| 08/31/2022 | 11/15/2022 | 10-K |
| 05/31/2022 | 07/08/2022 | 10-Q |
| 02/28/2022 | 04/08/2022 | 10-Q |
| 11/30/2021 | 01/12/2022 | 10-Q |
| 08/31/2021 | 11/19/2021 | 10-K |
| 05/31/2021 | 07/09/2021 | 10-Q |
| 02/28/2021 | 04/09/2021 | 10-Q |
| 11/30/2020 | 01/08/2021 | 10-Q |
| 08/31/2020 | 11/13/2020 | 10-K |
| 05/31/2020 | 07/09/2020 | 10-Q |
| 02/29/2020 | 04/08/2020 | 10-Q |
| 11/30/2019 | 01/08/2020 | 10-Q |
| 08/31/2019 | 11/13/2019 | 10-K |
| 05/31/2019 | 07/09/2019 | 10-Q |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Specialty Chemicals Resources |
| SpecialChem |
| Chemical Week |
| ICIS |
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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