Network-1 Technologies (NTIP)
Market Price (4/11/2026): $1.42 | Market Cap: $32.4 MilSector: Industrials | Industry: Trading Companies & Distributors
Network-1 Technologies (NTIP)
Market Price (4/11/2026): $1.42Market Cap: $32.4 MilSector: IndustrialsIndustry: Trading Companies & Distributors
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 -115% Attractive yieldDividend Yield is 7.1% Low stock price volatilityVol 12M is 48% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Telecom Infrastructure, Wireless Services, and Network Equipment. | Weak multi-year price returns2Y Excs Rtn is -54%, 3Y Excs Rtn is -87% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2232% Expensive valuation multiplesP/SPrice/Sales ratio is 216x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -92% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 209% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -665%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -941% 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 -5.0% Key risksNTIP key risks include [1] a "patent cliff" as its core revenue-generating patents expire and [2] the potential for its patented technologies to become obsolete. |
| 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 -115% |
| Attractive yieldDividend Yield is 7.1% |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity. Themes include Telecom Infrastructure, Wireless Services, and Network Equipment. |
| Weak multi-year price returns2Y Excs Rtn is -54%, 3Y Excs Rtn is -87% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2232% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 216x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -92% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 209% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -665%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -941% |
| 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 -5.0% |
| Key risksNTIP key risks include [1] a "patent cliff" as its core revenue-generating patents expire and [2] the potential for its patented technologies to become obsolete. |
Qualitative Assessment
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1. Narrowed Net Loss and Enhanced Liquidity for Fiscal Year 2025.
Network-1 Technologies reported a significant improvement in its financial health for the year ended December 31, 2025, with the net loss decreasing to $2,420,000, or $0.11 per share, compared to a net loss of $3,034,000, or $0.13 per share, in the prior year. This reduction was partly due to a decrease in operating expenses by $265,000. The company also maintained substantial liquidity, ending 2025 with $36,869,000 in cash, cash equivalents, and marketable securities, coupled with realized and unrealized gains on marketable securities of $277,000.
2. Consistent Shareholder Returns through Dividends and Share Repurchases.
Network-1 demonstrated a commitment to returning capital to shareholders by declaring a semi-annual cash dividend of $0.05 per common share on February 27, 2026, which positively impacted the stock price, seeing a 1.50% gain on the announcement day. Additionally, the company continued its share repurchase program, having repurchased 212,262 shares at a cost of approximately $286,617 during 2025, and an extended program authorized to repurchase up to $5,000,000 in shares over a 24-month period, reinforcing investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The 12.2% change in NTIP stock from 12/31/2025 to 4/10/2026 was primarily driven by a 12.2% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.27 | 1.42 | 12.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | 192.5 | 215.9 | 12.2% |
| Shares Outstanding (Mil) | 23 | 23 | 0.0% |
| Cumulative Contribution | 12.2% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| NTIP | 12.2% | |
| Market (SPY) | -5.4% | -7.9% |
| Sector (XLI) | 10.6% | -14.0% |
Fundamental Drivers
The -2.0% change in NTIP stock from 9/30/2025 to 4/10/2026 was primarily driven by a -2.3% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.45 | 1.42 | -2.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | 221.1 | 215.9 | -2.3% |
| Shares Outstanding (Mil) | 23 | 23 | 0.3% |
| Cumulative Contribution | -2.0% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| NTIP | -2.0% | |
| Market (SPY) | -2.9% | -6.0% |
| Sector (XLI) | 11.6% | -4.0% |
Fundamental Drivers
The 16.5% change in NTIP stock from 3/31/2025 to 4/10/2026 was primarily driven by a 50.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.22 | 1.42 | 16.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 50.0% |
| P/S Multiple | 280.2 | 215.9 | -22.9% |
| Shares Outstanding (Mil) | 23 | 23 | 0.8% |
| Cumulative Contribution | 16.5% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| NTIP | 16.5% | |
| Market (SPY) | 16.3% | 8.0% |
| Sector (XLI) | 32.3% | 3.4% |
Fundamental Drivers
The -21.2% change in NTIP stock from 3/31/2023 to 4/10/2026 was primarily driven by a null change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.80 | 1.42 | -21.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 9.2233720368547763E17% |
| P/S Multiple | ∞ | 215.9 | |
| Shares Outstanding (Mil) | 24 | 23 | 4.4% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| NTIP | -21.2% | |
| Market (SPY) | 63.3% | 7.6% |
| Sector (XLI) | 76.8% | 5.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NTIP Return | -21% | -19% | 3% | -36% | 5% | 11% | -50% |
| Peers Return | 26% | -19% | 59% | 16% | 21% | 15% | 160% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| NTIP Win Rate | 33% | 25% | 33% | 17% | 42% | 50% | |
| Peers Win Rate | 54% | 38% | 50% | 52% | 44% | 69% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NTIP Max Drawdown | -26% | -21% | -2% | -39% | -9% | -3% | |
| Peers Max Drawdown | -5% | -40% | -6% | -24% | -28% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IDCC, RMBS, ACTG, XPER.
[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 4/10/2026 (YTD)
How Low Can It Go
| Event | NTIP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.8% | -25.4% |
| % Gain to Breakeven | 78.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -25.7% | -33.9% |
| % Gain to Breakeven | 34.6% | 51.3% |
| Time to Breakeven | 191 days | 148 days |
| 2018 Correction | ||
| % Loss | -57.8% | -19.8% |
| % Gain to Breakeven | 137.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -78.0% | -56.8% |
| % Gain to Breakeven | 355.6% | 131.3% |
| Time to Breakeven | 2,175 days | 1,480 days |
Compare to IDCC, RMBS, ACTG, XPER
In The Past
Network-1 Technologies's stock fell -43.8% during the 2022 Inflation Shock from a high on 6/16/2021. A -43.8% loss requires a 78.0% gain to breakeven.
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About Network-1 Technologies (NTIP)
AI Analysis | Feedback
Here are 1-3 brief analogies for Network-1 Technologies (NTIP):
1. It's like Arm Holdings (ARM), but instead of just CPU architectures, Network-1 licenses patents across a wider spectrum of technologies like media content identification, IoT, and high-frequency trading.
2. Imagine Qualcomm (QCOM), but focused purely on licensing its wide portfolio of technology patents, without the chip manufacturing business.
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- Intellectual Property Licensing: The core service of developing, licensing, and protecting various patent portfolios.
- Cox Patent Portfolio: Patents related to enabling technology for identifying media content on the Internet.
- M2M/IoT Patent Portfolio: Patents covering enabling technology for authenticating, provisioning, and using embedded SIM cards in mobile and IoT devices.
- HFT Patent Portfolio: Patents addressing technological problems associated with speed and latency in high-frequency trading systems.
- Mirror Worlds Patent Portfolio: Patents for foundational technologies enabling unified search, indexing, displaying, and archiving of documents in a computer system.
- Remote Power Patent: Patents covering the delivery of power over Ethernet cables for remotely powering network devices.
AI Analysis | Feedback
Based on the provided description, Network-1 Technologies Inc. (NTIP) primarily operates as a patent licensing company, developing, licensing, and protecting intellectual property assets. Therefore, its major customers are other companies that license its various patent portfolios. While specific names of licensee companies are not provided in the description, based on the nature of its patents, potential major customers would typically belong to the following categories:
- Media and Content Technology Companies: Firms involved in identifying and managing media content on the Internet, including streaming services, content delivery networks, and advertising technology platforms, related to the Cox patent portfolio.
- Telecommunications and Mobile/IoT Device Manufacturers: Companies developing and utilizing embedded SIM cards, M2M/IoT technologies, smartphones, tablets, and computers, drawing from the M2M/IoT patent portfolio. This category includes mobile network operators, device manufacturers, and IoT solution providers.
- Financial Technology (FinTech) and Trading Firms: Institutions and companies engaged in high-frequency trading (HFT) that seek solutions for speed, latency, and efficiency in trading systems, covered by the HFT patent portfolio.
- Enterprise Software and Networking Solutions Providers: Companies offering unified search, indexing, and archiving solutions (from the Mirror Worlds patent portfolio), as well as manufacturers of networking equipment that utilize Power over Ethernet (PoE) for remote device powering (covered by the remote power patent). This includes enterprise content management vendors and network hardware manufacturers.
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Corey M. Horowitz, Chairman and Chief Executive Officer
Corey M. Horowitz became Chairman and Chief Executive Officer of Network-1 Technologies, Inc. in December 2003, having served as Chairman of the Board since January 1996 and a Director since April 1994. He possesses extensive experience in the intellectual property field, including patent acquisition, licensing, and enforcement, coupled with private equity and corporate transactional expertise.
Robert M. Mahan, Chief Financial Officer
Robert M. Mahan assumed the role of Chief Financial Officer in December 2022. He founded Management and Financial Services, Inc., a consulting firm providing general management, financial, and operations consulting services to both private and public companies, in 2011. His prior experience includes serving as Interim Chief Financial Officer of XWELL, Inc. (formerly XpresSpa Group, Inc.) and Chief Financial Officer of SkyBell Technologies, Inc.
Jonathan M. Greene, Executive Vice President
Jonathan M. Greene became Executive Vice President in October 2013. He provided consulting services to Network-1 from December 2004 to March 2013, specializing in technical and marketing analysis for the company's intellectual property portfolio. Mr. Greene's background includes roles as a marketing consultant for Avatier Corporation, a developer of identity management software, and a consultant for Neartek, Inc. and Kavado Inc. He also held positions as Director of Product Management for FalconStor Software, Inc. and Senior Vice President of Marketing and Business Development at Network-1 earlier in his career, as well as Senior Vice President of Marketing for Panacya Inc.
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```htmlKey Risks to Network-1 Technologies (NTIP)
- Patent Cliff and Ability to Acquire New Intellectual Property: Network-1 Technologies' business model is entirely dependent on its portfolio of patents. A significant risk is the eventual expiration of these patents, which would eliminate the ability to license them and generate revenue. The company faces the ongoing challenge of acquiring new, valuable intellectual property to replace expiring patents and sustain its business in the long term. This is analogous to a "patent cliff" where the loss of protection for key assets can severely impact future earnings.
- Patent Validity Challenges and Litigation Outcomes: The value of Network-1 Technologies' intellectual property assets is contingent on the validity and enforceability of its patents. The company faces the continuous risk of third parties challenging the validity of its patents through various legal mechanisms, which, if successful, could invalidate key assets and eliminate associated licensing revenues. Additionally, the company's revenue generation often involves complex and costly patent litigation, where outcomes are inherently uncertain. Unfavorable court decisions, difficulties in proving infringement, or adverse rulings regarding damages could significantly impact financial performance.
- Changes in Patent Law and Enforcement Landscape: Network-1 Technologies operates in an environment highly sensitive to intellectual property laws and regulations. Significant changes in patent law, judicial interpretations of existing laws, or evolving governmental policies regarding patent enforcement (especially concerning "patent assertion entities") could negatively impact the company's ability to assert its patents, negotiate licenses, or successfully litigate infringement claims. Such changes could reduce the value of its existing patent portfolio and make it more difficult to monetize intellectual property in the future.
AI Analysis | Feedback
The clear emerging threat for Network-1 Technologies (NTIP) relates to its M2M/IoT patent portfolio. This portfolio covers enabling technology for "authenticating, provisioning, and using embedded sim cards in next generation IoT, machine-to-machine, and other mobile devices."
A significant emerging threat is the industry's rapid evolution towards alternative, more integrated, and entirely software-defined identity and provisioning solutions for IoT devices. This includes technologies like iSIM (Integrated SIM), where SIM functionality is integrated directly into a device's System on Chip (SoC), and increasingly sophisticated software-based, hardware-agnostic identity management systems. If these alternative approaches become widely adopted and do not fall under the scope of NTIP's patents specifically relating to "embedded sim cards," they could significantly diminish the relevance and licensing potential of this patent portfolio.
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Network-1 Technologies (NTIP) operates in several addressable markets based on its intellectual property assets:
- Identifying Media Content on the Internet (Cox patent portfolio): The global content detection market was estimated at approximately USD 16.8 billion in 2024 and is projected to reach around USD 72.2 billion by 2034. North America held a dominant market position, capturing over 38.4% share, with USD 6.45 billion in revenue in 2024.
- M2M/IoT Embedded SIM Cards (M2M/IoT patent portfolio): The global embedded SIM market, which includes M2M and IoT applications, was valued at approximately USD 9.34 billion in 2024 and is projected to reach USD 19.35 billion by 2034. North America dominates the global embedded SIM market.
- High-Frequency Trading (HFT) (HFT patent portfolio): The global high-frequency trading market is valued at USD 10.36 billion in 2024. North America captures the majority share of the high-frequency trading server market.
- Unified Search and Indexing (Mirror Worlds patent portfolio): The global enterprise search market size was calculated at USD 5.34 billion in 2025 and is predicted to increase to approximately USD 12.71 billion by 2035. North America dominated the enterprise search market, holding approximately 39% market share in 2025.
- Power over Ethernet (PoE) (Remote power patent): The global Power over Ethernet (PoE) solution market size was estimated at USD 2.6 billion in 2024 and is expected to grow to USD 12.4 billion in 2034. North America is the largest market for PoE solutions.
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Network-1 Technologies (NTIP) Future Revenue Growth Drivers
Network-1 Technologies' future revenue growth over the next 2-3 years is primarily anticipated to be driven by the monetization of its diverse intellectual property assets through licensing agreements and successful outcomes of ongoing patent litigation. As the company's historically significant Remote Power Patent is no longer being enforced, Network-1 is shifting its focus to other key patent portfolios. The primary drivers of future revenue growth include:- Monetization of the M2M/IoT Patent Portfolio: Network-1 is actively pursuing licensing opportunities and is engaged in patent litigation related to its M2M/IoT patent portfolio. This portfolio covers enabling technology for authenticating, provisioning, and using embedded SIM cards (eSIMs) in next-generation IoT, machine-to-machine, and other mobile devices, including smartphones, tablets, and computers. A trial date in a lawsuit against Samsung Electronics related to this portfolio is scheduled for June 2027.
- Monetization of the HFT Patent Portfolio: The company is also focused on monetizing its High-Frequency Trading (HFT) patent portfolio, which addresses technological problems associated with speed and latency in trading systems. Network-1, through its subsidiary HFT Solutions, LLC, commenced patent litigation in September 2025 against Optiver US LLC and Optiver Trading US LLC, with a trial date set for June 2027. The patent terms for the HFT portfolio are expected to extend until 2040.
- Monetization of the Cox Patent Portfolio: Future revenue is also dependent on the outcomes of patent suits and a Federal Circuit appeal involving the Cox patent portfolio, which relates to enabling technology for identifying media content on the Internet.
- Monetization of the Smart Home Patent Portfolio: Network-1 acquired a Smart Home Patent Portfolio in March 2025, which includes technology supporting the interoperability of smart home IoT devices. The company plans to monetize this newly acquired portfolio, presenting another potential avenue for revenue growth.
- Strategic Acquisition and Development of New Intellectual Property: Network-1's ongoing strategy involves acquiring high-quality patents that have the potential to generate significant licensing opportunities. The company also seeks to enter into strategic relationships with third parties to develop, commercialize, license, or otherwise monetize their intellectual property. This proactive approach to expanding its patent assets is a continuous driver for potential future revenue streams.
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Share Repurchases
- Network-1 Technologies extended its share repurchase program, authorizing up to $5,000,000 of its common stock to be repurchased over two years, both in June 2021 and again in June 2025.
- As of March 31, 2025, the company had repurchased a total of 10,480,894 shares since the program's inception in August 2011, at an aggregate cost of $20,130,211.
- During 2025, Network-1 repurchased 212,262 shares of its common stock at a cost of approximately $286,617.
Share Issuance
- As of December 31, 2025, Network-1 Technologies had 512,500 securities approved for issuance under equity compensation plans for security holders.
- In early 2026, an executive, Jonathan M. Greene, acquired 7,500 shares through the vesting of restricted stock units, and a director, Niv Harizman, received a grant of 15,000 restricted stock units.
Outbound Investments
- Network-1 Technologies has invested an aggregate of $7,000,000 in ILiAD Biotechnologies, LLC, a privately held clinical-stage biotechnology company.
- The company's stake in ILiAD Biotechnologies was reduced to approximately 3.1% on a non-fully diluted basis after ILiAD's $115,000,000 preferred financing in February 2026, leading to a change in accounting treatment for the investment.
- Network-1 acquired the HFT Patent Portfolio on March 25, 2022, covering technologies related to high-frequency trading.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Network-1 Technologies Earnings Notes | 12/16/2025 | |
| Is Network-1 Technologies Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 5.81 |
| Mkt Cap | 0.5 |
| Rev LTM | 448 |
| Op Inc LTM | 6 |
| FCF LTM | 59 |
| FCF 3Y Avg | -1 |
| CFO LTM | 75 |
| CFO 3Y Avg | 34 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -4.0% |
| Rev Chg 3Y Avg | 24.7% |
| Rev Chg Q | -1.1% |
| QoQ Delta Rev Chg LTM | 0.0% |
| Op Mgn LTM | 2.2% |
| Op Mgn 3Y Avg | -2.6% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 26.4% |
| CFO/Rev 3Y Avg | 16.5% |
| FCF/Rev LTM | 20.5% |
| FCF/Rev 3Y Avg | -7.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.5 |
| P/S | 10.9 |
| P/EBIT | 11.7 |
| P/E | 21.8 |
| P/CFO | 6.3 |
| Total Yield | 1.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -1.7% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.0% |
| 3M Rtn | 14.5% |
| 6M Rtn | 4.1% |
| 12M Rtn | 72.5% |
| 3Y Rtn | 26.0% |
| 1M Excs Rtn | -1.6% |
| 3M Excs Rtn | 16.9% |
| 6M Excs Rtn | 0.0% |
| 12M Excs Rtn | 29.9% |
| 3Y Excs Rtn | -36.3% |
Price Behavior
| Market Price | $1.42 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -20.3% | |
| 50 Days | 200 Days | |
| DMA Price | $1.40 | $1.37 |
| DMA Trend | up | up |
| Distance from DMA | 1.4% | 3.4% |
| 3M | 1YR | |
| Volatility | 40.5% | 48.2% |
| Downside Capture | -0.15 | 0.07 |
| Upside Capture | 48.33 | 40.02 |
| Correlation (SPY) | -6.8% | 10.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.46 | -0.25 | -0.21 | -0.19 | 0.20 | 0.21 |
| Up Beta | -0.32 | -1.66 | -0.90 | -1.15 | -0.04 | 0.08 |
| Down Beta | -0.79 | -0.65 | 0.01 | -0.10 | 0.45 | 0.43 |
| Up Capture | 196% | 69% | 16% | -1% | 23% | 3% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 18 | 28 | 51 | 111 | 320 |
| Down Capture | 58% | -34% | -57% | -2% | 23% | 43% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 10 | 16 | 25 | 57 | 110 | 345 |
[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 NTIP | |
|---|---|---|---|---|
| NTIP | 21.3% | 48.2% | 0.55 | - |
| Sector ETF (XLI) | 49.1% | 17.9% | 2.08 | 1.9% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 6.8% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 6.7% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 5.1% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 10.8% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | 6.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTIP | |
|---|---|---|---|---|
| NTIP | -12.2% | 38.5% | -0.24 | - |
| Sector ETF (XLI) | 13.1% | 17.3% | 0.59 | 7.8% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 10.5% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 7.0% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 7.5% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 9.7% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 5.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTIP | |
|---|---|---|---|---|
| NTIP | 1.1% | 42.2% | 0.18 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 10.4% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 11.3% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 4.8% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 8.0% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 10.5% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 3.3% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/17/2026 | 3.4% | -2.0% | |
| 11/12/2025 | 0.0% | -5.7% | -11.1% |
| 8/12/2025 | -0.4% | -1.4% | 11.3% |
| 5/14/2025 | -0.8% | 0.0% | -0.8% |
| 3/5/2025 | -3.6% | -2.1% | -4.3% |
| 10/28/2024 | -1.5% | -1.5% | 2.3% |
| 8/15/2024 | 3.9% | 0.0% | 2.5% |
| 3/13/2024 | 0.0% | -3.4% | -0.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 8 |
| # Negative | 10 | 11 | 11 |
| Median Positive | 2.6% | 2.8% | 4.4% |
| Median Negative | -1.0% | -2.7% | -1.3% |
| Max Positive | 4.3% | 9.5% | 15.1% |
| Max Negative | -3.6% | -6.8% | -11.1% |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Dividends | 0.1 | 0.0% | Affirmed | Guidance: 0.1 for 2026 | |||
| 2027 Share Repurchases | 5.00 Mil | ||||||
Prior: Q3 2025 Earnings Reported 11/12/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Dividends | 0.1 | 0.0% | Affirmed | Actual: 0.1 for 2025 | |||
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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