Psyence Biomedical (PBM)


Market Price (10/9/2026): $5.04 | Market Cap: $1.2 MilSector: Health Care | Industry: Biotechnology

Psyence Biomedical (PBM)


Market Price (10/9/2026): $5.04
Market Cap: $1.2 Mil
Sector: Health Care
Industry: Biotechnology

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 -589%

Megatrend and thematic drivers
Megatrends include Mental Health Innovation. Themes include Psychedelic-Assisted Therapy Development, Neuropsychiatric Drug Discovery, and Palliative Care Solutions.

Weak multi-year price returns
2Y Excs Rtn is -136%, 3Y Excs Rtn is -184%

Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.1 Mil

Stock price has recently run up significantly
6M Rtn6 month market price return is 105%

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 -100%

High stock price volatility
Vol 12M is 182%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%

Key risks
PBM key risks include [1] potential delays in its pivotal Phase IIb clinical trials and [2] maintaining Nasdaq listing compliance given its substantial quarterly losses and lack of revenue.

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 -589%
1 Megatrend and thematic drivers
Megatrends include Mental Health Innovation. Themes include Psychedelic-Assisted Therapy Development, Neuropsychiatric Drug Discovery, and Palliative Care Solutions.
2 Weak multi-year price returns
2Y Excs Rtn is -136%, 3Y Excs Rtn is -184%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.1 Mil
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 105%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -100%
7 High stock price volatility
Vol 12M is 182%
8 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%
9 Key risks
PBM key risks include [1] potential delays in its pivotal Phase IIb clinical trials and [2] maintaining Nasdaq listing compliance given its substantial quarterly losses and lack of revenue.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 10/8/2026

Psyence Biomedical (PBM) stock has gained about 65% since 6/30/2026 because of the following key factors:

1. Favorable U.S. regulatory advancements in ibogaine development. In fiscal Q2 2027 (August 2026), the U.S. Administration welcomed accelerated ibogaine development, including the announcement that the University of Miami provided its 1994 ibogaine Investigational New Drug (IND) application, which could help accelerate its development as a medical treatment. This macroeconomic factor provided a significant positive tailwind for Psyence Biomedical, which has strategically positioned itself as a key player in pharmaceutical-grade ibogaine supply through its investment in PsyLabs.

2. Strategic expansion and exclusive licensing for U.S. ibogaine development. Building on the positive regulatory environment, Psyence BioMed established the Texas Ibogaine Research Corporation (TIRC) in fiscal Q2 2027 (September 2026) to advance its U.S. ibogaine development efforts. Subsequently, TIRC signed a binding term sheet for an exclusive U.S. license, supply, and wholesale distribution arrangement for PsyLabs' pharmaceutical-grade ibogaine, further solidifying the company's pathway for regulated ibogaine development in the United States.

Show more
Updated on 10/8/2026

Psyence Biomedical (PBM) stock has gained about 65% since 6/30/2026 because of the following key factors:

1. Favorable U.S. regulatory advancements in ibogaine development. In fiscal Q2 2027 (August 2026), the U.S. Administration welcomed accelerated ibogaine development, including the announcement that the University of Miami provided its 1994 ibogaine Investigational New Drug (IND) application, which could help accelerate its development as a medical treatment. This macroeconomic factor provided a significant positive tailwind for Psyence Biomedical, which has strategically positioned itself as a key player in pharmaceutical-grade ibogaine supply through its investment in PsyLabs.

2. Strategic expansion and exclusive licensing for U.S. ibogaine development. Building on the positive regulatory environment, Psyence BioMed established the Texas Ibogaine Research Corporation (TIRC) in fiscal Q2 2027 (September 2026) to advance its U.S. ibogaine development efforts. Subsequently, TIRC signed a binding term sheet for an exclusive U.S. license, supply, and wholesale distribution arrangement for PsyLabs' pharmaceutical-grade ibogaine, further solidifying the company's pathway for regulated ibogaine development in the United States.

3. Strengthening of vertical integration through a significant strategic investment. In fiscal Q2 2027 (September 2026), Psyence BioMed bolstered its vertically integrated model by agreeing to invest up to US$5 million in PsyLabs, with US$2.4 million already committed, to support scientific development and pharmaceutical-grade manufacturing capabilities. Furthermore, the company engaged in an approximately US$9 million value-matched share exchange with PsyLabs, reinforcing its capabilities in both ibogaine and psilocybin development.

4. Sustained progress in the Phase IIb psilocybin clinical trial. While patient dosing for the Phase IIb clinical trial evaluating NPX-5 (nature-derived psilocybin) for Adjustment Disorder in cancer patients commenced in fiscal Q1 2027 (April 2026), the ongoing nature of this trial, with top-line results anticipated in late fiscal year 2027 (late 2026), has likely maintained positive investor sentiment regarding the company's psilocybin pipeline.

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Stock Movement Drivers

Fundamental Drivers

The 67.3% change in PBM stock from 6/30/2026 to 10/8/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610082026Change
Stock Price ($)3.065.1267.3%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)000.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/8/2026
ReturnCorrelation
PBM67.3% 
Market (SPY)3.6%7.2%
Sector (XLV)6.0%4.4%

Fundamental Drivers

The 108.1% change in PBM stock from 3/31/2026 to 10/8/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610082026Change
Stock Price ($)2.465.12108.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)000.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/8/2026
ReturnCorrelation
PBM108.1% 
Market (SPY)19.3%9.5%
Sector (XLV)15.2%1.2%

Fundamental Drivers

The -95.9% change in PBM stock from 9/30/2025 to 10/8/2026 was primarily driven by a -97.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510082026Change
Stock Price ($)125.005.12-95.9%
Change Contribution By: 
Total Revenues ($ Mil)�00.0%
P/S Multiple�∞0.0%
Shares Outstanding (Mil)00-97.7%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/8/2026
ReturnCorrelation
PBM-95.9% 
Market (SPY)17.1%6.9%
Sector (XLV)22.4%-2.5%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/8/2026
ReturnCorrelation
PBM  
Market (SPY)87.3%11.9%
Sector (XLV)36.8%5.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PBM Return----99%-96%-83%-100%
Peers Return-70%-86%-49%1173%11%-46%-84%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
PBM Win Rate---17%25%40% 
Peers Win Rate12%25%29%38%46%45% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PBM Max Drawdown-----96%-93% 
Peers Max Drawdown-81%-87%-73%-68%-73%-63% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DRUG, ENVB.
[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 10/8/2026 (YTD)

How Low Can It Go

EventPBMS&P 500
2025 US Tariff Shock
  % Loss-70.5%-18.8%
  % Gain to Breakeven238.6%23.1%
  Time to Breakeven95 days79 days

Compare to DRUG, ENVB

In The Past

Psyence Biomedical's stock fell -70.5% during the 2025 US Tariff Shock. Such a loss loss requires a 238.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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EventPBMS&P 500
2025 US Tariff Shock
  % Loss-70.5%-18.8%
  % Gain to Breakeven238.6%23.1%
  Time to Breakeven95 days79 days

Compare to DRUG, ENVB

In The Past

Psyence Biomedical's stock fell -70.5% during the 2025 US Tariff Shock. Such a loss loss requires a 238.6% 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 Psyence Biomedical (PBM)

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Jody Aufrichtig Chief Executive Officer

Jody Aufrichtig is an award-winning entrepreneur, business builder, impact investor, and philanthropist. A Chartered Accountant by training, he has built significant shareholder value in 19 businesses across various sectors including cannabis, private equity, travel and tourism, and sport and leisure. He previously headed Canopy Growth's African operations and has 25 years of private equity experience. He was awarded Entrepreneur of the Year in 2023.

Warwick Corden-Lloyd Chief Financial Officer

Warwick Corden-Lloyd is a Chartered Accountant and Certified Project Manager with over 17 years of experience in the United Kingdom, the USA, and South Africa. His experience spans advising boards of publicly traded companies and designing strategies for start-ups. He previously served as VP Operations and Finance for Canopy Growth Africa and, before that, was the Head of Financial Accounting for Capitec Bank. He is experienced in IPOs, capital raises, M&A, regulatory affairs, compliance, and corporate governance.

Dr. Neil Maresky Global Head Clinical Development

Dr. Neil Maresky, a trained MD in Emergency Medicine and Family Practice, is the Chief Executive Officer of Psyence Group and previously served as CEO of Psyence Biomedical Ltd. He has over 17 years of experience in research-based pharmaceuticals, having held positions with Wyeth, Bayer, and Novartis, and was the Vice President Scientific Affairs at AstraZeneca, Canada Inc. Dr. Maresky also served as Director of Drug Safety and Pharmaco-epidemiology. He has over 25 years of experience leading Research and Development for large pharmaceutical companies.

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Key Risks to Psyence Biomedical (PBM)

  1. Clinical Trial Failure and Inability to Obtain Regulatory Approvals: As a biopharmaceutical company specializing in psychedelic-based therapeutics, Psyence Biomedical's core business relies heavily on the successful outcome of its clinical trials and subsequent regulatory approvals. The company's products are currently in the preclinical or clinical development phases, including an ongoing Phase IIb clinical trial for psilocybin. There is a high rate of failure for product candidates in clinical trials. Delays in, or the failure to obtain, necessary regulatory approvals (such as from the FDA or similar authorities) for its proposed psilocybin-based medicines would severely impede the commercial success of its products and materially adversely affect the company's business, prospects, financial condition, and results of operations. Even if regulatory approvals are initially secured, there is a risk that a proposed drug could later be found ineffective or unsafe, potentially leading to its withdrawal from the market. Furthermore, the efficacy and safety of psychedelic compounds for medical use have not been definitively confirmed by extensive authorized clinical research.
  2. Lack of Revenue and Sustained Losses: Psyence Biomedical has a limited operating history and has not generated any revenue to date, incurring losses since its inception. The company expects to continue incurring significant losses for the foreseeable future and there is no assurance that it will ever be profitable or successfully commercialize marketable products. While the company may exhibit strong liquidity, its reliance on debt and the absence of profitable operations pose significant financial challenges, making it difficult to predict its future performance.
  3. Evolving and Uncertain Regulatory Landscape and Market Acceptance: Psyence Biomedical operates within the nascent and highly regulated psychedelic therapy industry. There is no guarantee that this industry and market will continue to exist and grow as currently estimated or anticipated, or that it will evolve in a manner consistent with management's expectations. Any event or circumstance that negatively affects the psychedelic therapy industry and market, including changes in laws, regulations, or public perception, could have a material adverse effect on Psyence's business. The company must also make significant investments to build brand awareness, operational capacity, and ensure compliance with complex and evolving regulations in this specialized market.

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Psyence Biomedical (PBM) focuses on developing nature-derived psilocybin-based and ibogaine-based psychedelic medicines for mental health disorders, particularly within the context of palliative care, targeting conditions such as anxiety, depression, and adjustment disorder. The addressable markets for their main products and services fall under the broader psychedelic drugs market and the more specific psilocybin-assisted therapy market.

  • Global Psychedelic Drugs Market: This market was valued at approximately USD 4.08 billion in 2025 and is estimated to grow from USD 4.63 billion in 2026 to reach USD 8.75 billion by 2031, demonstrating a Compound Annual Growth Rate (CAGR) of 13.55% during this forecast period. North America leads this market, holding a 51.60% share in 2025. Another projection indicates the global psychedelic drugs market size was USD 1.82 billion in 2025 and is projected to grow from USD 2.04 billion in 2026 to USD 5.16 billion by 2034, at a CAGR of 12.27%. Psilocybin alone holds approximately 34% of the psychedelic drugs market share. The market is estimated to grow from USD 2.77 billion in 2024 to USD 3.19 billion in 2025 and is expected to reach USD 12.89 billion by 2035, growing at a CAGR of 15%.
  • Global Psilocybin Assisted Therapy Market: This market was valued at USD 3.1 billion in 2025 and is projected to reach USD 11.8 billion by the end of 2035, with a CAGR of 15.8% during the period of 2026-2035. In 2026, the market size for psilocybin-assisted therapy is estimated at USD 3.6 billion. North America is anticipated to command a 55.3% share of this market by 2035.

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Expected Drivers of Future Revenue Growth for Psyence Biomedical (PBM)

Psyence Biomedical (PBM) is a life science biotechnology company focused on developing botanical psilocybin-based psychedelic medicines, particularly for mental health disorders within palliative care, and is also advancing ibogaine-based therapies. As the company currently reports no meaningful revenue, its future revenue growth over the next 2-3 years will primarily be driven by the successful progression and commercialization of its pipeline products and strategic initiatives.

  1. Successful Clinical Trials and Commercialization of PEX010: A primary driver of future revenue growth will be the successful completion of the Phase IIb clinical study for its lead product candidate, PEX010. PEX010 is a capsule containing naturally sourced psilocybin aimed at treating adjustment disorder, anxiety, and depression in patients with incurable cancer in a palliative care context. Positive trial results and subsequent regulatory approvals will be crucial for market entry and revenue generation.
  2. Expansion of Product Pipeline with Ibogaine Therapies: Psyence Biomedical is actively developing ibogaine-based psychedelic medicines. The company has secured GMP-compliant supplies of pharmaceutical-grade ibogaine through its partnership with PsyLabs. Advancing these ibogaine therapies through clinical development and towards commercialization represents a significant additional revenue stream beyond psilocybin.
  3. Strategic Partnerships and Collaborations: Ongoing and new strategic partnerships, such as those with iNGENu Pty Ltd for clinical trials and PsyLabs for manufacturing and supply, are expected to facilitate product development and market access. These collaborations could lead to licensing agreements, joint ventures, or expanded distribution channels, contributing to revenue growth.
  4. Geographic Market Expansion: While current clinical trials for PEX010 are focused in Australia, successful outcomes could enable the company to expand into other international markets. Entering new geographies would broaden the potential patient base and market share for its psychedelic-based therapeutics.
  5. Advancements in AI-driven Drug Development: Psyence Biomedical has expressed interest in AI-driven drug development initiatives and neuroscience research. Should these initiatives lead to the discovery of new product candidates or significantly accelerate the development timeline of existing ones, it could provide a substantial long-term driver for revenue growth by expanding the company's therapeutic offerings.
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Share Repurchases

  • On January 12, 2026, Psyence Biomedical Ltd. announced a share repurchase program, with no specified expiration date, aimed at protecting and enhancing shareholder value.

Share Issuance

  • The company completed a business combination agreement with Newcourt Acquisition Corp. (a SPAC) on January 25, 2024, leading to PBM's listing on NASDAQ.
  • Psyence Biomedical has conducted multiple reverse stock splits to maintain its Nasdaq listing, including a 1-for-75 consolidation on November 26, 2024, a 1-for-7.97 consolidation on May 5, 2025, and a 1-for-6.25 reverse stock split effective February 2, 2026, reducing outstanding shares from 6,388,604 to approximately 1,022,177.
  • On February 25, 2026, the company issued 1,146,159 common shares in a share-for-share exchange with Psyence Labs Ltd. for an equivalent value of US$5,000,000, significantly diluting existing shareholders and making Psyence Labs the dominant shareholder.

Inbound Investments

  • Psyence has financed its operations primarily through the sale of equity securities and convertible debt financings since its inception.
  • The share-for-share exchange completed on February 25, 2026, involved Psyence Biomedical issuing shares in return for Psyence Labs Ltd.'s ordinary shares valued at US$5,000,000, securing strategic supply and strengthening the commercialization pathway.

Outbound Investments

  • Psyence BioMed made a "multi-million-dollar follow-on investment in PsyLabs" to secure GMP nature-derived psilocybin and ibogaine supply for its clinical programs.
  • The company holds a strategic equity stake in PsyLabs and has secured a right of first refusal to acquire exclusive rights to a dedicated supply of Ibogaine.

Capital Expenditures

  • Capital expenditures were approximately -$3,677 for the 12 months prior to March 11, 2026.
  • Annual cash flow statements show capital expenditures of -$0.01 million for the fiscal year ended March 31, 2025, and -$0.006 million for the fiscal year ended March 31, 2024.
  • The primary focus of the company's capital allocation, while not necessarily categorized as capital expenditures, is on developing nature-derived psilocybin-based psychedelic medicine and advancing its Phase IIb clinical trial in Australia.

Peer Outperformance in Biotechnology

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Share of Biotechnology constituents that PBM has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
2%
of 454 industry peers · -97.0% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is PBM's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 13.9%45.7%94.9% CAH 443% · MCK 376% · COR 184%
Health Care Services 20 21.0%35.1%10.5% HIMS 280% · RDNT 141% · DGX 79%
Health Care Facilities 24 -0.8%5.1%4.8% THC 321% · NHC 279% · ENSG 139%
Managed Health Care 8 22.1%-7.9%-0.1% OSCR 123% · HQY 44% · ELV 12%
Health Care Equipment 50 -8.0%-3.8%-17.3% POCI 11563% · UFPT 346% · GKOS 257%
Pharmaceuticals 62 -10.6%0.2%-30.4% INDV 1090% · ETON 997% · LQDA 926%
Health Care Supplies 12 20.5%-8.5%-37.1% LNTH 322% · HAE 77% · MMSI 18%
Life Sciences Tools & Services 109 -10.9%-14.7%-64.2% SNWV 2286% · NTRA 243% · MEDP 219%
Biotechnology ← 364 -22.1%-23.8%-80.1% CELZ 1129% · DNTH 1093% · TRVI 969%
Health Care Technology 21 -38.6%-60.0%-82.5% SPOK 80% · HSTM 16% · VEEV -1%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PBMDRUGENVBMedian
NamePsyence .Bright M.Enveric . 
Mkt Price4.9854.811.484.98
Mkt Cap0.00.50.00.0
Rev LTM0000
Op Inc LTM-3-39-9-9
FCF LTM--25-9-17
FCF 3Y Avg--12-8-10
CFO LTM--25-9-17
CFO 3Y Avg--12-8-10

Growth & Margins

PBMDRUGENVBMedian
NamePsyence .Bright M.Enveric . 
Rev Chg LTM----
Rev Chg 3Y Avg----
Rev Chg Q----
QoQ Delta Rev Chg LTM----
Op Inc Chg LTM--333.8%12.4%-160.7%
Op Inc Chg 3Y Avg--142.0%24.2%-58.9%
Op Mgn LTM----
Op Mgn 3Y Avg----
QoQ Delta Op Mgn LTM----
CFO/Rev LTM----
CFO/Rev 3Y Avg----
FCF/Rev LTM----
FCF/Rev 3Y Avg----

Valuation

PBMDRUGENVBMedian
NamePsyence .Bright M.Enveric . 
Mkt Cap0.00.50.00.0
P/S----
P/Op Inc-0.4-13.7-0.7-0.7
P/EBIT-1.0-13.7-0.7-1.0
P/E-1.0-22.0-0.7-1.0
P/CFO--21.8-0.7-11.3
Total Yield-96.1%-4.8%-144.0%-96.1%
Dividend Yield0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg--18.8%-271.6%-145.2%
D/E0.00.00.00.0
Net D/E-6.1-0.6-1.4-1.4

Returns

PBMDRUGENVBMedian
NamePsyence .Bright M.Enveric . 
1M Rtn5.1%-18.1%4.2%4.2%
3M Rtn70.0%-29.9%3.5%3.5%
6M Rtn99.2%-36.2%-27.5%-27.5%
12M Rtn-97.1%-0.7%-82.1%-82.1%
3Y Rtn-100.0%3,628.6%-99.6%-99.6%
1M Excs Rtn1.2%-17.5%0.1%0.1%
3M Excs Rtn65.2%-32.2%7.2%7.2%
6M Excs Rtn85.8%-50.7%-40.9%-40.9%
12M Excs Rtn-111.6%-8.7%-97.5%-97.5%
3Y Excs Rtn-181.3%3,133.7%-181.1%-181.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20232022
Single Segment00
Total00


Assets by Segment
$ Mil2025202420232022
Single Segment7122
Total7122


Price Behavior

Price Behavior
Market Price$5.12 
Market Cap ($ Bil)0.0 
First Trading Date01/26/2024 
Distance from 52W High-97.0% 
   50 Days200 Days
DMA Price$4.65$6.61
DMA Trenddownup
Distance from DMA10.0%-22.5%
 3M1YR
Volatility84.4%181.1%
Downside Capture-168.67501.47
Upside Capture155.535.32
Correlation (SPY)7.7%6.9%
PBM Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.02-0.550.851.601.000.14
Up Beta2.711.371.900.51-0.435.31
Down Beta-9.41-9.06-0.611.881.782.28
Up Capture205%164%238%313%-50%-6%
Bmk +ve Days6162766132424
Stock +ve Days15253964110258
Down Capture-259%-455%-136%85%169%113%
Bmk -ve Days16263760120328
Stock -ve Days6162460134397

[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 PBM
PBM-82.4%164.9%-0.39-
Sector ETF (XLV)18.2%15.7%0.863.2%
Equity (SPY)16.7%13.0%0.9111.9%
Gold (GLD)3.4%29.6%0.115.9%
Commodities (DBC)45.0%20.9%1.672.4%
Real Estate (VNQ)2.8%13.7%-0.059.6%
Bitcoin (BTCUSD)-31.7%44.2%-0.7316.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PBM
PBM-78.6%182.3%-0.78-
Sector ETF (XLV)7.4%15.2%0.298.0%
Equity (SPY)14.0%17.1%0.6313.4%
Gold (GLD)18.2%18.9%0.785.0%
Commodities (DBC)10.3%19.6%0.404.0%
Real Estate (VNQ)1.3%18.8%-0.0411.9%
Bitcoin (BTCUSD)13.7%52.2%0.438.0%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PBM
PBM-53.8%182.3%-0.78-
Sector ETF (XLV)10.6%16.7%0.518.0%
Equity (SPY)15.4%17.9%0.7313.4%
Gold (GLD)11.6%16.4%0.585.0%
Commodities (DBC)8.3%18.1%0.374.0%
Real Estate (VNQ)4.2%20.7%0.1611.9%
Bitcoin (BTCUSD)63.6%66.2%1.038.0%

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Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 8312026245.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity0.2 Mil
Short % of Basic Shares20.3%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/20/20256-K
03/31/202506/25/202520-F
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