Tearsheet

Network-1 Technologies (NTIP)


Market Price (2/5/2026): $1.3 | Market Cap: $29.7 Mil
Sector: Industrials | Industry: Diversified Support Services

Network-1 Technologies (NTIP)


Market Price (2/5/2026): $1.3
Market Cap: $29.7 Mil
Sector: Industrials
Industry: Diversified Support 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 -124%
Weak multi-year price returns
2Y Excs Rtn is -74%, 3Y Excs Rtn is -101%
Not profitable at operating income level
Op 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%
1 Attractive yield
Dividend Yield is 7.7%
  Expensive valuation multiples
P/SPrice/Sales ratio is 199x
2 Low stock price volatility
Vol 12M is 46%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -92%
3 Megatrend and thematic drivers
Megatrends include 5G & Advanced Connectivity. Themes include Telecom Infrastructure, Wireless Services, and Network Equipment.
  Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 209%
4   Not cash flow generative
CFO/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%
5   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 -4.8%
6   Key risks
NTIP 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.
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 -124%
1 Attractive yield
Dividend Yield is 7.7%
2 Low stock price volatility
Vol 12M is 46%
3 Megatrend and thematic drivers
Megatrends include 5G & Advanced Connectivity. Themes include Telecom Infrastructure, Wireless Services, and Network Equipment.
4 Weak multi-year price returns
2Y Excs Rtn is -74%, 3Y Excs Rtn is -101%
5 Not profitable at operating income level
Op 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%
6 Expensive valuation multiples
P/SPrice/Sales ratio is 199x
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -92%
8 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 209%
9 Not cash flow generative
CFO/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%
10 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 -4.8%
11 Key risks
NTIP 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.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Network-1 Technologies (NTIP) stock has lost about 15% since 10/31/2025 because of the following key factors:

1. Continued Lack of Revenue from Patent Monetization

Network-1 Technologies' core business, which involves the acquisition, development, licensing, and monetization of intellectual property, failed to generate significant revenue during the period. The company's financial results for the third quarter ended September 30, 2025, reported on November 6, 2025, indicated no revenue for that three-month period from patent licensing activities. This ongoing challenge in generating revenue from its primary business model contributed to investor concerns.

2. Sustained Net Losses in Financial Reporting

The company consistently reported net losses, signaling financial struggles. Network-1 Technologies announced a net loss of $560,000, or $0.02 per share, for the three months ended September 30, 2025. This followed a net loss of $463,000, or $0.02 per share, for the three months ended June 30, 2025. These repeated losses, without substantial offsetting revenue, likely eroded investor confidence during the period.

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Stock Movement Drivers

Fundamental Drivers

The -12.7% change in NTIP stock from 10/31/2025 to 2/4/2026 was primarily driven by a -12.9% change in the company's P/S Multiple.
(LTM values as of)103120252042026Change
Stock Price ($)1.501.31-12.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple228.7199.2-12.9%
Shares Outstanding (Mil)23230.3%
Cumulative Contribution-12.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/4/2026
ReturnCorrelation
NTIP-12.7% 
Market (SPY)0.6%0.8%
Sector (XLI)9.2%8.8%

Fundamental Drivers

The -3.5% change in NTIP stock from 7/31/2025 to 2/4/2026 was primarily driven by a -40.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120252042026Change
Stock Price ($)1.361.31-3.5%
Change Contribution By: 
Total Revenues ($ Mil)00-40.0%
P/S Multiple124.5199.260.0%
Shares Outstanding (Mil)23230.5%
Cumulative Contribution-3.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/4/2026
ReturnCorrelation
NTIP-3.5% 
Market (SPY)8.9%-2.5%
Sector (XLI)11.9%-4.7%

Fundamental Drivers

The 3.1% change in NTIP stock from 1/31/2025 to 2/4/2026 was primarily driven by a 1174.9% change in the company's P/S Multiple.
(LTM values as of)13120252042026Change
Stock Price ($)1.271.313.1%
Change Contribution By: 
Total Revenues ($ Mil)20-92.0%
P/S Multiple15.6199.21174.9%
Shares Outstanding (Mil)23231.4%
Cumulative Contribution3.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 2/4/2026
ReturnCorrelation
NTIP3.1% 
Market (SPY)15.0%11.7%
Sector (XLI)23.7%8.4%

Fundamental Drivers

The -30.7% change in NTIP stock from 1/31/2023 to 2/4/2026 was primarily driven by a -55.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120232042026Change
Stock Price ($)1.891.31-30.7%
Change Contribution By: 
Total Revenues ($ Mil)00-55.5%
P/S Multiple133.3199.249.5%
Shares Outstanding (Mil)24234.2%
Cumulative Contribution-30.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 2/4/2026
ReturnCorrelation
NTIP-30.7% 
Market (SPY)75.1%8.6%
Sector (XLI)73.6%6.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NTIP Return-21%-19%3%-36%5%-1%-55%
Peers Return26%-19%59%16%21%1%129%
S&P 500 Return27%-19%24%23%16%1%84%

Monthly Win Rates [3]
NTIP Win Rate33%25%33%17%42%0% 
Peers Win Rate54%38%50%52%44%38% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
NTIP Max Drawdown-26%-21%-2%-39%-9%-1% 
Peers Max Drawdown-5%-40%-6%-24%-28%-5% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[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 2/4/2026 (YTD)

How Low Can It Go

Unique KeyEventNTIPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-43.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven78.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-25.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven34.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven191 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-57.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven137.0%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-78.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven355.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,175 days1,480 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)

Network-1 Technologies, Inc. develops, licenses, and protects intellectual property assets. The company owns 95 patents, including the Cox patent portfolio relating to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim cards in next generation IoT, machine-to-machine, and other mobile devices, including smartphones, tablets, and computers; and HFT patent portfolio covering technologies relating to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems. Its patents also comprise the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system; and the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network-based cameras. The company was formerly known as Network-1 Security Solutions, Inc. and changed its name to Network-1 Technologies, Inc. in October 2013. Network-1 Technologies, Inc. was incorporated in 1990 and is headquartered in New Canaan, Connecticut.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Network-1 Technologies (NTIP):

  • Network-1 Technologies is like **Xperi Corporation (XPER) focused purely on patent licensing across diverse technologies.**
  • Network-1 Technologies is like **InterDigital (IDCC) for acquiring and licensing a broader portfolio of technology patents.**
  • Network-1 Technologies is like a **Real Estate Investment Trust (REIT) for intellectual property.**

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  • Patent Acquisitions: The service of identifying, evaluating, and purchasing patents from third-party inventors or companies.
  • Patent Licensing: The service of granting legal permission to other entities to use their acquired patents in exchange for royalties or fees.
  • Patent Enforcement: The service of protecting their patent rights against infringement, often involving legal actions to secure licensing revenues or damages.

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Major Customers of Network-1 Technologies (NTIP)

Network-1 Technologies (NTIP) primarily operates as an intellectual property (IP) licensing and enforcement company. Its "customers" are typically other companies that license its patents, often following negotiation or litigation.

According to its public filings, Network-1 Technologies frequently enters into confidential licensing agreements, meaning the identities of some of its major current licensees are not publicly disclosed. However, the company has publicly identified certain companies as licensees for specific patent portfolios, particularly its M2M/IoT patent portfolio.

Based on its latest SEC filings (e.g., its Annual Report on Form 10-K), examples of companies that have entered into license agreements with Network-1 Technologies include:

  • AT&T Inc. (NYSE: T)
  • T-Mobile US, Inc. (NASDAQ: TMUS) (as successor to Sprint Corporation)
  • Verizon Communications Inc. (NYSE: VZ)

These companies represent major players in the telecommunications and technology sectors, which are the primary target market for Network-1's IP licensing efforts. Other past licensees have included various large technology companies, although these are not consistently listed as current "major customers" in ongoing reports due to the nature of IP licensing (often one-time or term-limited agreements).

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Corey M. Horowitz, Chairman and Chief Executive Officer

Corey M. Horowitz became the Chairman and Chief Executive Officer of Network-1 Technologies in December 2003. He has also served as Chairman of the Board of Directors since January 1996 and has been a member of the Board since April 1994. Mr. Horowitz possesses significant experience and expertise in the intellectual property field, with a strong understanding of patent acquisition, licensing, and enforcement, combined with private equity and corporate transactional experience. Since December 2018, he has also served as a Member of the Board of Managers at ILiAD Biotechnologies, LLC.

Robert M. Mahan, Chief Financial Officer

Robert M. Mahan was appointed Chief Financial Officer of Network-1 Technologies in December 2022. He is the founder and President of Management and Financial Services, Inc., a consulting firm established in 2011 that offers general management, financial, and operations consulting to both private and public companies. Since March 2023, he has also held the position of Chief Financial Officer for Back Office Staffing Solutions, LLC, a private company. Previously, Mr. Mahan served as Interim Chief Financial Officer of XWELL, Inc. (formerly XpresSpa Group, Inc.) from May 2021 to February 2022. From November 2016 through April 2019, he was the Chief Financial Officer of SkyBell Technologies, Inc.

Jonathan M. Greene, Executive Vice President

Jonathan M. Greene became Executive Vice President of Network-1 Technologies in October 2013. Prior to this, he worked as a consultant for the company from December 2004 to March 2013, focusing on technical and marketing analysis for its intellectual property portfolio. His earlier experience includes serving as a marketing consultant for Avatier Corporation (April 2006 to February 2009), a consultant for Neartek, Inc. and Kavado Inc. (August 2003 to December 2004), and Director of Product Management for FalconStor Software, Inc. (January 2003 to July 2003). He also served as Senior Vice President of Marketing and Business Development for Network-1 from December 2001 to December 2002, and Senior Vice President of Marketing for Panacya Inc. from December 1999 to September 2001.

AI Analysis | Feedback

The key risks to Network-1 Technologies (NTIP) are:

  1. Dependence on Patent Licensing Revenue and "Patent Cliff" Risk: Network-1 Technologies' business model is fundamentally reliant on the acquisition, licensing, and enforcement of its intellectual property. The company's revenue is directly tied to the successful licensing of its patents and the outcomes of often uncertain patent litigation. A significant risk is the finite life of patents, which leads to a "patent cliff" effect; as core revenue-generating patents, like the Remote Power Patent, expire, the company faces the continuous challenge of acquiring and monetizing new valuable intellectual property to sustain its operations. Recent financial reports indicate minimal revenue generated from a litigation settlement tied to an expired patent, underscoring the difficulty in replacing revenue streams from maturing patent portfolios.
  2. Risk of Technology Obsolescence: As a company whose primary assets are technology patents, Network-1 Technologies faces the inherent risk that the technologies covered by its patents could become obsolete. This obsolescence would diminish the value and licensing potential of its intellectual property, directly impacting the company's ability to generate future revenue.
  3. Low Trading Volume and Liquidity Risk: Network-1 Technologies' stock can experience periods of low trading volume, which contributes to increased general risk for investors. Low liquidity can result in higher price volatility and may hinder investors' ability to buy or sell shares efficiently at desired prices.

AI Analysis | Feedback

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AI Analysis | Feedback

Network-1 Technologies (NTIP) operates primarily in the intellectual property (IP) development, licensing, and protection sector, with its main services revolving around patent monetization through licensing agreements and enforcement.

The addressable market for Network-1 Technologies can be identified within the broader global intellectual property licensing market and, more specifically, the global patent licensing market.

  • The **global intellectual property licensing market** was valued at approximately USD 340 billion in 2024 and is anticipated to reach USD 580 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2025 to 2033. North America is a leading region in this market, holding approximately 40% market share.

  • Within the intellectual property licensing market, **patents** represent the largest category, accounting for approximately 65% of total licensing transactions and revenues globally. Based on the broader IP licensing market, this would suggest a global patent licensing market of roughly USD 221 billion in 2024.

  • Other estimates for the **global patent licensing market** specifically project it to reach USD 150 billion by 2024. The United States accounts for a significant portion, representing 35% of global patent licensing deals.

  • The **global patent monetization market** was identified at USD 180 billion in 2020 and is expected to grow at a CAGR of 21.9% from 2021 to 2028.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Network-1 Technologies (NTIP) over the next 2-3 years:
  1. Successful Enforcement and Licensing of Existing Patent Portfolios: Network-1 Technologies' primary business model revolves around enforcing and licensing its patent portfolio. Revenue is generated through negotiated licensing agreements and, when necessary, litigation to protect its patents. The company's patent assets include those related to Power over Ethernet (PoE), network security, and the High-Frequency Trading (HFT) Patent Portfolio. Recent revenue has stemmed from litigation settlements related to its Remote Power Patent. Continued success in these efforts, including ongoing legal cases and potential new suits, will be a key revenue driver.
  2. Monetization of Recently Acquired Patent Portfolios: The company actively seeks strategic acquisitions of complementary patent portfolios to expand its licensing opportunities. A notable recent acquisition was the "Smart Home Patent Portfolio" in March 2025, which includes U.S. and international patents and pending applications related to enabling technology for the interoperability of smart home IoT devices. Successful licensing and enforcement of this new portfolio are expected to contribute to future revenue growth.
  3. Strategic Acquisition of Additional Complementary Patent Portfolios: Network-1's management team continuously evaluates its portfolio for enforcement and licensing prospects and actively explores new patent assets to strengthen its licensing platform. Future revenue growth will also be driven by the identification and acquisition of additional intellectual property assets that can be monetized through licensing or litigation.
  4. Expansion of Global Licensing Arrangements: The company has a history of securing licensing arrangements across various geographies, including North America, Europe, and Asia. Expanding these existing relationships and establishing new licensing agreements with manufacturers and distributors of networking and power delivery equipment on a global basis will be a significant factor in driving revenue growth.

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Share Repurchases

  • Network-1 Technologies' Board of Directors extended its share repurchase program on June 17, 2025, authorizing the repurchase of up to an additional $5 million of common stock over the next two years.
  • As of September 30, 2025, the remaining dollar value of shares that could be repurchased under the program was $4,916,425.
  • During the nine months ended September 30, 2025, Network-1 repurchased 208,178 shares of its common stock at an aggregate cost of $280,623.

Outbound Investments

  • Network-1 Technologies' core strategy involves acquiring and investing in high-quality patents that have the potential to generate significant licensing opportunities.
  • In 2025, Network-1 acquired a Smart Home Patent Portfolio for $400,000, plus contingent terms. This acquisition expanded its patent portfolio to include smart home IoT patents.

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Unique Key

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Peer Comparisons

Peers to compare with:

Financials

NTIPIDCCRMBSACTGXPERMedian
NameNetwork-.InterDig.Rambus Acacia R.Xperi  
Mkt Price1.31313.87100.844.045.425.42
Mkt Cap0.08.110.90.40.30.4
Rev LTM0929678284454454
Op Inc LTM-35762474-424
FCF LTM-159029228-2228
FCF 3Y Avg-1383220-38-42-1
CFO LTM-167331942-342
CFO 3Y Avg-144124622-2622

Growth & Margins

NTIPIDCCRMBSACTGXPERMedian
NameNetwork-.InterDig.Rambus Acacia R.Xperi  
Rev Chg LTM-92.0%28.8%31.0%71.3%-10.7%28.8%
Rev Chg 3Y Avg60.2%27.1%17.3%91.4%-2.4%27.1%
Rev Chg Q-28.0%22.7%155.0%-16.0%25.3%
QoQ Delta Rev Chg LTM0.0%4.0%5.1%14.6%-4.5%4.0%
Op Mgn LTM-2,232.0%62.0%36.5%1.3%-9.2%1.3%
Op Mgn 3Y Avg-931.1%48.6%27.8%-27.7%-18.7%-18.7%
QoQ Delta Op Mgn LTM64.0%1.6%0.2%1.4%3.2%1.6%
CFO/Rev LTM-664.7%72.5%47.0%14.7%-0.7%14.7%
CFO/Rev 3Y Avg-255.5%62.0%44.2%-12.1%-5.0%-5.0%
FCF/Rev LTM-941.3%63.6%43.1%9.9%-4.9%9.9%
FCF/Rev 3Y Avg-347.7%54.2%39.3%-47.2%-8.3%-8.3%

Valuation

NTIPIDCCRMBSACTGXPERMedian
NameNetwork-.InterDig.Rambus Acacia R.Xperi  
Mkt Cap0.08.110.90.40.30.4
P/S199.28.716.01.40.68.7
P/EBIT-8.913.240.419.67.013.2
P/E-11.816.347.480.636.036.0
P/CFO-30.012.034.09.3-74.19.3
Total Yield-0.8%6.8%2.1%1.2%2.8%2.1%
Dividend Yield7.7%0.7%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-1.8%8.9%2.9%-8.8%-10.0%-1.8%
D/E0.00.10.00.30.30.1
Net D/E-1.2-0.1-0.1-0.7-0.1-0.1

Returns

NTIPIDCCRMBSACTGXPERMedian
NameNetwork-.InterDig.Rambus Acacia R.Xperi  
1M Rtn-0.4%-6.3%3.4%11.3%-12.2%-0.4%
3M Rtn-14.4%-18.5%-7.1%11.6%-19.6%-14.4%
6M Rtn-3.5%16.6%40.9%23.9%-4.7%16.6%
12M Rtn3.1%71.8%56.5%-6.0%-40.6%3.1%
3Y Rtn-29.4%358.4%131.2%-5.2%-47.5%-5.2%
1M Excs Rtn-0.1%-6.1%3.7%11.6%-11.9%-0.1%
3M Excs Rtn-14.3%-21.1%-5.1%23.5%-18.3%-14.3%
6M Excs Rtn-14.2%7.7%27.4%3.3%-14.7%3.3%
12M Excs Rtn-12.5%59.4%52.3%-19.5%-54.5%-12.5%
3Y Excs Rtn-101.0%302.1%73.5%-75.6%-116.9%-75.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment    3
Total    3


Assets by Segment
$ Mil20242023202220212020
Single Segment52586551 
Total52586551 


Price Behavior

Price Behavior
Market Price$1.31 
Market Cap ($ Bil)0.0 
First Trading Date12/29/2006 
Distance from 52W High-28.9% 
   50 Days200 Days
DMA Price$1.35$1.36
DMA Trendindeterminatedown
Distance from DMA-2.8%-4.0%
 3M1YR
Volatility40.4%46.2%
Downside Capture63.2033.67
Upside Capture-32.5131.81
Correlation (SPY)-0.4%11.8%
NTIP Betas & Captures as of 1/31/2026

 1M2M3M6M1Y3Y
Beta0.010.770.06-0.080.280.24
Up Beta0.28-0.15-2.29-1.05-0.020.11
Down Beta1.171.530.720.260.600.47
Up Capture-84%7%-8%-5%22%2%
Bmk +ve Days11223471142430
Stock +ve Days10182751111321
Down Capture-129%93%78%11%44%52%
Bmk -ve Days9192754109321
Stock -ve Days8182860114353

[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
NTIP2.3%46.2%0.18-
Sector ETF (XLI)25.0%18.9%1.058.5%
Equity (SPY)15.9%19.2%0.6411.7%
Gold (GLD)76.1%24.5%2.276.1%
Commodities (DBC)9.3%16.5%0.366.3%
Real Estate (VNQ)4.6%16.5%0.1013.5%
Bitcoin (BTCUSD)-24.7%40.5%-0.6010.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NTIP
NTIP-14.9%39.1%-0.31-
Sector ETF (XLI)16.0%17.2%0.759.0%
Equity (SPY)14.2%17.0%0.6610.7%
Gold (GLD)21.5%16.8%1.047.5%
Commodities (DBC)12.1%18.9%0.525.9%
Real Estate (VNQ)5.0%18.8%0.1710.1%
Bitcoin (BTCUSD)18.0%57.4%0.526.3%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NTIP
NTIP-0.7%42.2%0.13-
Sector ETF (XLI)15.3%19.8%0.6810.9%
Equity (SPY)15.7%17.9%0.7511.6%
Gold (GLD)15.6%15.5%0.844.0%
Commodities (DBC)8.3%17.6%0.398.2%
Real Estate (VNQ)5.9%20.8%0.2510.6%
Bitcoin (BTCUSD)69.3%66.5%1.093.4%

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Short Interest

Short Interest: As Of Date1152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 12312025-41.3%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity22.8 Mil
Short % of Basic Shares0.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/12/20250.0%-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%
8/15/20243.9%0.0%2.5%
3/13/20240.0%-3.4%-0.5%
11/7/20231.9%3.3%4.2%
...
SUMMARY STATS   
# Positive998
# Negative101011
Median Positive2.6%2.8%4.4%
Median Negative-1.0%-2.7%-1.3%
Max Positive4.3%9.6%15.1%
Max Negative-3.6%-6.8%-11.1%