NextTrip (NTRP)
Market Price (3/30/2026): $2.67 | Market Cap: $23.9 MilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines
NextTrip (NTRP)
Market Price (3/30/2026): $2.67Market Cap: $23.9 MilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 289% | Weak multi-year price returns2Y Excs Rtn is -63%, 3Y Excs Rtn is -135% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -649% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% | Expensive valuation multiplesP/SPrice/Sales ratio is 11x | |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 116% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -202%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -210% | ||
| 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 -68% | ||
| High stock price volatilityVol 12M is 107% | ||
| Key risksNTRP key risks include [1] substantial doubt about its ability to continue as a going concern due to financial instability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 289% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -63%, 3Y Excs Rtn is -135% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -649% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 11x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 116% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -202%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -210% |
| 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 -68% |
| High stock price volatilityVol 12M is 107% |
| Key risksNTRP key risks include [1] substantial doubt about its ability to continue as a going concern due to financial instability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Significant Earnings Miss in Q3 2025. NextTrip reported a substantial earnings per share (EPS) miss for Q3 2025, for the period ending November 30, 2025. The company posted an EPS of -$0.37 against analysts' expectations of -$0.16, missing by 131.25%. This financial underperformance led to a notable negative market reaction, with the stock declining 11.69% on January 14, 2026, the day the earnings were reported.
2. Persistent Operating Losses and High Burn Rate. NextTrip continues to experience significant operating losses and anticipates ongoing net losses and negative cash flows. For Q3 2025, the company reported an operating loss of $3.08 million, marking a 74% increase year-over-year. Management has indicated that at least $5.5 million in additional funding will be required to sustain operations for the next twelve months.
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Stock Movement Drivers
Fundamental Drivers
The -28.8% change in NTRP stock from 11/30/2025 to 3/29/2026 was primarily driven by a -61.0% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.72 | 2.65 | -28.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 2 | 106.7% |
| P/S Multiple | 28.0 | 10.9 | -61.0% |
| Shares Outstanding (Mil) | 8 | 9 | -11.6% |
| Cumulative Contribution | -28.8% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NTRP | -28.8% | |
| Market (SPY) | -5.3% | 24.7% |
| Sector (XLY) | -10.4% | 4.6% |
Fundamental Drivers
The -30.8% change in NTRP stock from 8/31/2025 to 3/29/2026 was primarily driven by a -80.5% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.83 | 2.65 | -30.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 2 | 382.9% |
| P/S Multiple | 55.9 | 10.9 | -80.5% |
| Shares Outstanding (Mil) | 7 | 9 | -26.5% |
| Cumulative Contribution | -30.8% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NTRP | -30.8% | |
| Market (SPY) | 0.6% | 22.1% |
| Sector (XLY) | -8.5% | 4.7% |
Fundamental Drivers
The -33.4% change in NTRP stock from 2/28/2025 to 3/29/2026 was primarily driven by a -73.6% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.98 | 2.65 | -33.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 2 | 289.4% |
| P/S Multiple | 41.3 | 10.9 | -73.6% |
| Shares Outstanding (Mil) | 6 | 9 | -35.2% |
| Cumulative Contribution | -33.4% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NTRP | -33.4% | |
| Market (SPY) | 9.8% | 13.4% |
| Sector (XLY) | -1.3% | 11.0% |
Fundamental Drivers
The -77.7% change in NTRP stock from 2/28/2023 to 3/29/2026 was primarily driven by a -94.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.90 | 2.65 | -77.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 2 | 163.9% |
| P/S Multiple | 7.6 | 10.9 | 44.1% |
| Shares Outstanding (Mil) | 1 | 9 | -94.1% |
| Cumulative Contribution | -77.7% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NTRP | -77.7% | |
| Market (SPY) | 69.4% | 2.7% |
| Sector (XLY) | 49.0% | -0.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NTRP Return | -46% | -78% | -62% | 99% | -46% | -32% | -97% |
| Peers Return | 11% | -37% | 78% | 22% | 17% | -15% | 51% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| NTRP Win Rate | 42% | 25% | 25% | 50% | 58% | 0% | |
| Peers Win Rate | 52% | 42% | 62% | 58% | 52% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| NTRP Max Drawdown | -48% | -78% | -70% | -50% | -72% | -32% | |
| Peers Max Drawdown | -13% | -46% | -5% | -20% | -22% | -23% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EXPE, BKNG, TRIP, ABNB, RCL.
[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
| Event | NTRP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -98.4% | -25.4% |
| % Gain to Breakeven | 6214.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -80.4% | -33.9% |
| % Gain to Breakeven | 409.9% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -92.8% | -19.8% |
| % Gain to Breakeven | 1280.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to EXPE, BKNG, TRIP, ABNB, RCL
In The Past
NextTrip's stock fell -98.4% during the 2022 Inflation Shock from a high on 3/15/2021. A -98.4% loss requires a 6214.0% gain to breakeven.
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About NextTrip (NTRP)
AI Analysis | Feedback
Here are 1-3 brief analogies for NextTrip (NTRP):
- Like a mini-Expedia that also licenses its booking engine technology to other travel companies.
- A travel technology platform for other distributors and an online travel agency, similar to a smaller blend of Sabre and Expedia.
AI Analysis | Feedback
- NXT2.0 Platform: A booking engine technology platform providing travel distributors access to an inventory of travel services.
- Online Leisure Travel Agency Services: Services enabling consumers to book hotels, flights, and curated vacations directly.
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NextTrip (NTRP) serves major customers falling into the following categories:
- Leisure Travelers: These are individual consumers and families who utilize NextTrip's online leisure travel agency services to book hotels, flights, and curated vacation packages for personal travel.
- Travel Distributors: This category includes other businesses in the travel industry, such as online travel agencies (OTAs), traditional travel agencies, and tour operators. These companies leverage NextTrip's NXT2.0 booking engine technology platform to access travel inventory and manage their booking operations.
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William Kerby, Chief Executive Officer and Director
Appointed CEO in December 2023, William Kerby is the founder of NextTrip. He possesses over two decades of experience in the travel and media industries, alongside approximately a decade in the financial sector. Kerby has a history of guiding companies into public markets on both the TSX and Nasdaq, having served as CEO for various travel and media companies, including Maupintour, Extraordinary Vacations, Travelbyus, and Leisure Canada. He holds a significant 17.48% stake in NextTrip.
Frank D. Orzechowski, Chief Financial Officer, Treasurer, Principal Accounting Officer and Corporate Secretary
Frank D. Orzechowski has served as the Chief Financial Officer of NextTrip, Inc. since July 1, 2019. His current employment agreement, effective February 10, 2026, includes an annual base salary of $250,000. Prior to NextTrip, he held CFO roles at StormHarbour Partners and senior finance leadership positions at Nikko Americas. Orzechowski is a Certified Public Accountant (1984) and earned a B.S. in Business Administration (Accounting) from Georgetown University (1982). He also launched and operated two Cartridge World franchise units in Connecticut.
John McMahon, Chief Operating Officer, Travel Division
John McMahon holds the position of Chief Operating Officer for the Travel Division at NextTrip.
Donald P. Monaco, Chairman of the Board and Director
As Chairman of the Board, Donald P. Monaco plays a key role in the strategic direction of NextTrip. He is also the largest individual shareholder, holding a 19.0% stake in the company as of August 15, 2025.
David Jiang, Director
David Jiang serves as a Director for NextTrip and is a founding investor in the company, having made substantial direct and indirect investments. He previously held the position of CEO at PineBridge Investments, where he managed $75 billion in assets across over 20 countries. Earlier in his career, Jiang managed multi-billion-dollar portfolios as a Senior Portfolio Manager at Mellon Capital Management. He has co-founded software and hardware technology companies and holds multiple patents. His investment focus includes disruptive technologies in ClimateTech, BioTech, FinTech, and AI.
AI Analysis | Feedback
Here are the key risks to NextTrip (NTRP):
- Financial Health and Going Concern: NextTrip faces significant financial challenges, including substantial and growing losses, negative cash flow from operations, and a working capital deficit. The company has explicitly stated that there is substantial doubt about its ability to continue as a going concern without additional funding. NextTrip has also reported an accumulated deficit and high debt levels, with an Altman Z-Score indicating a high risk of bankruptcy.
- Intense Competition in the Online Travel Market: The online travel agency (OTA) and travel technology sector is highly competitive, with established giants such as Expedia and Booking.com. NextTrip, as a smaller player, faces challenges related to price competition, the need for significant marketing and advertising expenditure to acquire customers, and the difficulty in differentiating its offerings. Many travel suppliers also sell directly to customers, further intensifying the competitive landscape.
- Technology Dependence and Cybersecurity Threats: As a technology-driven travel company, NextTrip is heavily reliant on its proprietary NXT2.0 booking engine and other digital platforms. This creates risks related to cybersecurity, including data breaches, ransomware attacks, and phishing schemes, especially given the sensitive customer information handled. Maintaining an intuitive, user-friendly, and secure booking experience is crucial. Furthermore, the company faces potential delisting risk from NASDAQ if it does not meet market capitalization and trading volume requirements.
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A clear emerging threat to NextTrip is the potential for major technology companies, such as Google, to deeply integrate advanced generative AI into their travel platforms. This could manifest as AI-powered travel agents capable of end-to-end trip planning and booking, allowing users to articulate complex travel preferences in natural language and receive a fully researched and booked itinerary without needing to browse traditional online travel agency (OTA) websites or utilize separate booking engines. This shift could disintermediate NextTrip's online leisure travel agency services and reduce the demand for third-party booking engine technology platforms like NXT2.0 by offering a more seamless, integrated, and personalized user experience directly from a dominant tech ecosystem.
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NextTrip, Inc. (NTRP) operates in the expansive travel technology and online travel agency sectors. The addressable markets for its main products and services are substantial on a global scale.
Booking Engine Technology Platform (NXT2.0)
For its booking engine technology platform, NXT2.0, which provides travel distributors access to inventory, NextTrip addresses the global travel technology and travel distribution system markets. The global travel distribution system market was estimated at approximately USD 10 billion in 2023 and is projected to grow to about USD 16.5 billion by 2032. More specifically, the travel and tourism segment of the reservation and booking software market, a core component of travel technology platforms, was valued at USD 3.5 billion in 2024 and is expected to reach USD 10.0 billion by 2035. The global online travel agencies software market, which includes booking engines, was valued at USD 3.2 billion in 2024 and is forecast to reach USD 13.5 billion by 2034, growing at a compound annual growth rate (CAGR) of 15.5%.
Online Leisure Travel Agency Services
For its online leisure travel agency services, encompassing hotels, flights, and curated vacations, NextTrip operates within the global online travel agencies (OTA) market and the broader leisure travel market. The global online travel agencies market was valued at USD 663.70 billion in 2025 and is projected to reach USD 1,316.67 billion by 2033, demonstrating a CAGR of 9.0% from 2026 to 2033. Another estimate places the global online travel agent market size at approximately USD 1,020 billion in 2024, with a projection to reach nearly USD 1,673.32 billion by 2030. The global leisure travel market itself was valued at USD 993.8 billion in 2025 and is estimated to reach USD 1,735.4 billion by 2034, exhibiting a CAGR of 6.39% from 2026-2034. Online platforms are a dominant force in this market, accounting for around 78.8% of the market share in 2025.
Overall Global Travel Market
An investor report positions NextTrip's integrated platform to address a comprehensive global travel market estimated at $1.5 trillion.
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NextTrip, Inc. (NTRP) is strategically positioning itself for future revenue growth over the next two to three years by leveraging its integrated media and travel commerce ecosystem, expanding its market reach, and enhancing its service offerings. Key drivers of this anticipated growth include:
-
Expansion of Media-to-Commerce Model: NextTrip's "Watch. Scan. Book. Go." strategy, which integrates video-driven travel content with direct booking capabilities through platforms like JOURNY and Travel Magazine 2.0, is expected to significantly increase booking conversion rates. As the JOURNY distribution network targets an audience of 250 million viewers globally, this growing viewership forms the foundation for increased high-margin advertising and sponsorship revenue.
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International Market Expansion: The company's joint venture with KC Global Media is a significant catalyst for international expansion, specifically across Southeast Asia, India, Australia, and New Zealand. This partnership provides a scalable gateway into high-growth travel markets, aiming to accelerate NextTrip's global media relevance and reach.
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Growth in High-Margin Travel Segments: NextTrip is expanding its presence in lucrative, higher-margin travel segments through strategic acquisitions and new product launches. This includes strengthening its position in luxury travel with the acquisition of Five Star Alliance, enhancing group travel capabilities through TA Pipeline, and launching NextTrip Cruise to provide access to extensive cruise offerings.
-
Development of Travel Agent Booking Platform: The beta launch and ongoing development of its next-generation Travel Agent Booking Platform are designed to empower independent travel agents by streamlining their operations and providing advanced tools. This initiative aims to expand NextTrip's travel agent network and, consequently, drive growth in bookings facilitated through these agents.
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Share Issuance
- NextTrip, Inc. (formerly Sigma Additive Solutions, Inc.) increased the number of authorized shares of common stock from 1,200,000 to 250,000,000 shares in March 2024.
- This increase in authorized shares was primarily to accommodate the company's new 2023 Equity Incentive Plan.
- Restricted shares valued at $350,000 were issued as part of the consideration for the acquisition of select GoUSA TV assets in February 2026.
Inbound Investments
- Sigma Additive Solutions, the former entity of NextTrip, raised a total of $1.14 million in funding over two rounds, with its first funding round occurring on December 29, 2023.
- Founders, board, and senior management committed more than $15 million in capital through direct and indirect investment in NextTrip as of July 2025.
Outbound Investments
- In December 2023, Sigma Additive Solutions completed the acquisition of NextTrip Holdings, Inc. through a share exchange, which led to the corporate name and ticker symbol change in March 2024.
- NextTrip completed the acquisition of the remaining 51% stake in luxury online travel agency Five Star Alliance in March 2026, making NextTrip the sole owner.
- In February 2026, NextTrip acquired select content, brand rights, and distribution assets of GoUSA TV for an aggregate consideration of $350,000 in cash and $350,000 in restricted shares, along with future royalties.
- The company also acquired TA Pipeline, integrating a group and destination travel booking platform into its NXT2.0 architecture.
Capital Expenditures
- Capital expenditures were -$300,000 in the last 12 months (up to an unspecified date, likely early 2026).
- In 2022, Sigma Additive Solutions used $389,000 for purchases of fixed assets and investment in its patent portfolio.
- In Q4 2022, capital expenditures for Sigma Additive Solutions were $81,000.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| NextTrip Earnings Notes | 12/16/2025 | |
| Is NextTrip Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to NTRP.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | MBLY | Mobileye Global | Dip Buy | DB | Cash/EquityDip Buyer with High Net Cash % EquityBuying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation | 0.0% | 0.0% | 0.0% |
| 02202026 | SAH | Sonic Automotive | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -5.9% | -5.9% | -6.1% |
| 02132026 | TRIP | Tripadvisor | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | 0.0% |
| 02132026 | MAT | Mattel | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 2.9% | 2.9% | 0.0% |
| 02132026 | SONO | Sonos | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.7% | -0.7% | -4.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 174.34 |
| Mkt Cap | 49.3 |
| Rev LTM | 13,487 |
| Op Inc LTM | 2,354 |
| FCF LTM | 2,173 |
| FCF 3Y Avg | 1,849 |
| CFO LTM | 4,263 |
| CFO 3Y Avg | 3,784 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.5% |
| Rev Chg 3Y Avg | 15.0% |
| Rev Chg Q | 12.6% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.3% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 30.6% |
| CFO/Rev 3Y Avg | 28.3% |
| FCF/Rev LTM | 14.9% |
| FCF/Rev 3Y Avg | 12.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 49.3 |
| P/S | 4.4 |
| P/EBIT | 13.9 |
| P/E | 22.8 |
| P/CFO | 9.1 |
| Total Yield | 4.2% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.8% |
| 3M Rtn | -23.2% |
| 6M Rtn | -20.5% |
| 12M Rtn | -4.9% |
| 3Y Rtn | 29.5% |
| 1M Excs Rtn | 0.9% |
| 3M Excs Rtn | -15.0% |
| 6M Excs Rtn | -16.8% |
| 12M Excs Rtn | -20.8% |
| 3Y Excs Rtn | -30.2% |
Price Behavior
| Market Price | $2.65 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/14/2010 | |
| Distance from 52W High | -55.8% | |
| 50 Days | 200 Days | |
| DMA Price | $2.95 | $3.57 |
| DMA Trend | up | down |
| Distance from DMA | -10.2% | -25.7% |
| 3M | 1YR | |
| Volatility | 88.9% | 107.5% |
| Downside Capture | 0.57 | 1.28 |
| Upside Capture | -82.66 | 72.44 |
| Correlation (SPY) | 17.5% | 9.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.94 | 1.48 | 2.80 | 2.14 | 0.74 | 0.25 |
| Up Beta | 2.30 | 3.91 | 5.05 | 1.98 | -0.38 | -0.38 |
| Down Beta | 4.22 | 1.73 | 1.52 | 1.01 | 0.78 | 1.05 |
| Up Capture | 63% | -15% | 214% | 243% | 206% | 2% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 8 | 16 | 26 | 53 | 116 | 338 |
| Down Capture | 175% | 155% | 308% | 242% | 149% | 79% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 21 | 31 | 66 | 127 | 388 |
[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 NTRP | |
|---|---|---|---|---|
| NTRP | -55.6% | 107.1% | -0.28 | - |
| Sector ETF (XLY) | 4.6% | 23.6% | 0.13 | 6.7% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 9.4% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 4.7% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 4.1% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | -0.5% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 14.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTRP | |
|---|---|---|---|---|
| NTRP | -51.0% | 128.1% | -0.04 | - |
| Sector ETF (XLY) | 5.6% | 23.7% | 0.20 | 8.4% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 8.7% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 3.1% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 4.1% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 4.8% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 6.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NTRP | |
|---|---|---|---|---|
| NTRP | -49.1% | 135.9% | 0.04 | - |
| Sector ETF (XLY) | 11.6% | 21.9% | 0.49 | 10.5% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 10.2% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 3.4% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 4.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 8.7% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 2.4% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2023 | -3.2% | -28.7% | -28.5% |
| 8/14/2023 | -10.9% | 2.2% | -17.0% |
| 3/30/2023 | -9.6% | 0.7% | -15.8% |
| 11/14/2022 | 2.8% | -1.7% | -10.5% |
| 8/5/2022 | -11.4% | -15.9% | -25.8% |
| 3/24/2022 | -11.9% | -2.9% | -12.4% |
| 10/21/2021 | -10.2% | -18.8% | -30.7% |
| 7/22/2021 | -8.5% | 9.6% | -10.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 4 | 0 |
| # Negative | 9 | 8 | 12 |
| Median Positive | 2.8% | 3.2% | |
| Median Negative | -10.2% | -14.9% | -16.4% |
| Max Positive | 8.3% | 9.6% | |
| Max Negative | -15.9% | -28.7% | -30.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 11/30/2025 | 01/14/2026 | 10-Q |
| 08/31/2025 | 10/15/2025 | 10-Q |
| 05/31/2025 | 07/15/2025 | 10-Q |
| 02/28/2025 | 05/29/2025 | 10-K |
| 11/30/2024 | 01/14/2025 | 10-Q |
| 08/31/2024 | 10/15/2024 | 10-Q |
| 05/31/2024 | 09/16/2024 | 10-Q |
| 02/29/2024 | 09/04/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 04/26/2022 | 10-Q |
| 12/31/2021 | 03/24/2022 | 10-K |
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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