Toppoint (TOPP)
Market Price (9/21/2026): $0.1323 | Market Cap: $2.8 MilSector: Industrials | Industry: Cargo Ground Transportation
Toppoint (TOPP)
Market Price (9/21/2026): $0.1323Market Cap: $2.8 MilSector: IndustrialsIndustry: Cargo Ground Transportation
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 -126% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -81% | Weak multi-year price returns2Y Excs Rtn is -132%, 3Y Excs Rtn is -168% | Penny stockMkt Price is 0.1 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -37% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.9% 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 -233% High stock price volatilityVol 12M is 169% Key risksTOPP key risks include [1] high share price volatility and a "Strong Sell" analyst rating, Show more. |
| 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 -126% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -81% |
| Weak multi-year price returns2Y Excs Rtn is -132%, 3Y Excs Rtn is -168% |
| Penny stockMkt Price is 0.1 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -6.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -37% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.9% |
| 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 -233% |
| High stock price volatilityVol 12M is 169% |
| Key risksTOPP key risks include [1] high share price volatility and a "Strong Sell" analyst rating, Show more. |
Qualitative Assessment
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Toppoint (TOPP) stock has lost about 95% since 5/31/2026 because of the following key factors:
1. Continued Net Losses and Declining Gross Margins in Early Fiscal Q2 2026.
Toppoint reported an 8% year-over-year revenue increase to $4.1 million for fiscal Q1 2026, which ended March 31, 2026. However, the company's net loss widened by 24% year-over-year to $653,732, or $(0.03) per diluted share. Furthermore, the gross profit margin declined significantly to -4% from 3% in fiscal Q1 2025, largely due to increased costs of revenue. The waste paper segment, a primary revenue contributor, experienced a 20.2% decline in revenue during this period.
2. Significant Share Dilution from a Private Placement.
In June 2026, Toppoint completed a private placement, issuing 5,000,000 common shares at $0.83 per share. This transaction generated $4.13 million in net proceeds for the company, but it also resulted in substantial dilution for existing shareholders. The placement price of $0.83 per share was drastically lower than the stock's 52-week high of $3.86, indicating a significant loss of market value prior to and exacerbated by the offering.
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Toppoint (TOPP) stock has lost about 95% since 5/31/2026 because of the following key factors:
1. Continued Net Losses and Declining Gross Margins in Early Fiscal Q2 2026.
Toppoint reported an 8% year-over-year revenue increase to $4.1 million for fiscal Q1 2026, which ended March 31, 2026. However, the company's net loss widened by 24% year-over-year to $653,732, or $(0.03) per diluted share. Furthermore, the gross profit margin declined significantly to -4% from 3% in fiscal Q1 2025, largely due to increased costs of revenue. The waste paper segment, a primary revenue contributor, experienced a 20.2% decline in revenue during this period.
2. Significant Share Dilution from a Private Placement.
In June 2026, Toppoint completed a private placement, issuing 5,000,000 common shares at $0.83 per share. This transaction generated $4.13 million in net proceeds for the company, but it also resulted in substantial dilution for existing shareholders. The placement price of $0.83 per share was drastically lower than the stock's 52-week high of $3.86, indicating a significant loss of market value prior to and exacerbated by the offering.
3. Persistent Unprofitability and Segmental Revenue Pressures.
Despite a 17% year-over-year revenue growth to $4.64 million in fiscal Q2 2026 (ended June 30, 2026), Toppoint remained unprofitable, reporting a net loss of $306,711. While import and metal revenues showed strong growth of 32.8% and 29.7% respectively in Q2, the critical waste paper segment's revenue was down 8.1% for the first half of fiscal 2026, and plastic revenue declined by 41.6% in fiscal Q2 2026. The company also noted that a portion of the import growth was due to non-recurring advanced shipments ahead of anticipated tariff changes.
4. Ongoing Liquidity Concerns and Material Weaknesses.
Toppoint's need for a private placement in June 2026 to boost its cash balance to $4.7 million underscored its liquidity challenges. The company has a $5.0 million loan receivable, which, while a potential source of liquidity, carries collection risks. Management has indicated that additional capital may be required to support growth, and the company has previously disclosed material weaknesses in its internal control over financial reporting, raising concerns about its financial stability and operational oversight.
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Stock Movement Drivers
Fundamental Drivers
The -94.8% change in TOPP stock from 5/31/2026 to 9/20/2026 was primarily driven by a -94.7% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.55 | 0.13 | -94.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17 | 18 | 4.0% |
| P/S Multiple | 3.0 | 0.2 | -94.7% |
| Shares Outstanding (Mil) | 20 | 21 | -6.0% |
| Cumulative Contribution | -94.8% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| TOPP | -94.8% | |
| Market (SPY) | 0.9% | 0.6% |
| Sector (XLI) | -2.0% | 4.4% |
Fundamental Drivers
The -82.9% change in TOPP stock from 2/28/2026 to 9/20/2026 was primarily driven by a -81.5% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.78 | 0.13 | -82.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 18 | 8.5% |
| P/S Multiple | 0.9 | 0.2 | -81.5% |
| Shares Outstanding (Mil) | 18 | 21 | -15.0% |
| Cumulative Contribution | -82.9% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| TOPP | -82.9% | |
| Market (SPY) | 11.6% | 5.9% |
| Sector (XLI) | -3.9% | 3.6% |
Fundamental Drivers
The -93.7% change in TOPP stock from 8/31/2025 to 9/20/2026 was primarily driven by a -93.3% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.10 | 0.13 | -93.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 18 | 13.8% |
| P/S Multiple | 2.4 | 0.2 | -93.3% |
| Shares Outstanding (Mil) | 18 | 21 | -16.5% |
| Cumulative Contribution | -93.7% |
Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| TOPP | -93.7% | |
| Market (SPY) | 19.4% | 3.0% |
| Sector (XLI) | 12.8% | 5.9% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| TOPP | ||
| Market (SPY) | 75.6% | 0.4% |
| Sector (XLI) | 63.4% | 3.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TOPP Return | - | - | - | - | -78% | -80% | -96% |
| Peers Return | 41% | -15% | 54% | 10% | 4% | 22% | 158% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| TOPP Win Rate | - | - | - | - | 42% | 22% | |
| Peers Win Rate | 68% | 40% | 62% | 53% | 57% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| TOPP Max Drawdown | - | - | - | - | - | -95% | |
| Peers Max Drawdown | -16% | -32% | -24% | -21% | -35% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: XPO, R, WERN, ODFL, JBHT.
[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 9/18/2026 (YTD)
How Low Can It Go
| Event | TOPP | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -59.4% | -18.8% |
| % Gain to Breakeven | 146.5% | 23.1% |
| Time to Breakeven | 388 days | 79 days |
In The Past
Toppoint's stock fell -59.4% during the 2025 US Tariff Shock. Such a loss loss requires a 146.5% gain to breakeven.
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Asset Allocation
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| Event | TOPP | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -59.4% | -18.8% |
| % Gain to Breakeven | 146.5% | 23.1% |
| Time to Breakeven | 388 days | 79 days |
In The Past
Toppoint's stock fell -59.4% during the 2025 US Tariff Shock. Such a loss loss requires a 146.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Toppoint (TOPP)
Toppoint (TOPP) is a specialized truckload services and logistics provider focused on the recycling export supply chain. The company's core business involves drayage services for waste paper, where it holds a significant market presence, handling approximately 34% of waste paper export volumes through New Jersey’s ports and 30% through Philadelphia’s ports. Toppoint also transports scrap metal and wooden logs from large waste companies, recycling centers, and commodity traders to these and other major ports. The company has been expanding its footprint, venturing into recycling export transport markets in Florida (Tampa, Jacksonville, Miami), Maryland (Baltimore), and Ensenada, Mexico, with future plans for Canada, the United Kingdom, and Australia.
Toppoint serves a diverse and growing client base, including Fortune 500 waste companies and over 280 recycling centers and commodity traders. These clients rely on Toppoint for "white glove service" to ensure time-sensitive, ultra-high throughput commodities are safely delivered to container ships. The company also offers integrated transportation solutions encompassing loading, transport, port drayage, and unloading. While waste paper is central, Toppoint has diversified into import delivery and occasionally provides trucking services for plastics and logistics brokerage solutions in other U.S. regions. The company primarily operates through a network of approximately 100 independent contractor drivers and 86 owner-operated trucks that bear its DOT identification number, also utilizing "outside trucks" to scale operations and serve national clients.
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Landstar for recycling exports.
A specialized C.H. Robinson for port drayage of recyclables.
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- Waste Paper Export Drayage: Provides truckload transportation services for waste paper from recycling centers to export ports.
- Waste Metal & Forestry Export Drayage: Offers truckload transportation for scrap metal and wooden logs to export ports.
- Import Container Delivery: Manages the pickup and delivery of imported containers from ports to client locations.
- Logistics Brokerage & Other Commodity Transport: Offers trucking services for other commodities like plastics and provides logistics brokerage solutions in various markets.
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Toppoint (TOPP) primarily serves other companies. Its major customers fall into the following categories:
- Largest Fortune 500 waste companies
- Recycling centers
- Commodity traders
The company's client base has grown significantly, indicating a broad reach within these categories rather than reliance on a few named entities. Specific names or public symbols of these customer companies are not provided in the background information.
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Hok C. Chan, Chief Executive Officer, Chairman of the Board of Director, President
Mr. Chan has served as Toppoint's Chief Executive Officer and Chairman since August 16, 2022. He founded and has been the chief executive officer and sole director of Toppoint's operating subsidiary, Toppoint Inc., since its inception in 2014. Prior to that, he entered the recycling industry in 2008 and founded Toppoint International Recycling Co., a recycling plant, in 2010. He successfully led the plant to an exit by selling it to a private equity firm in 2014 for approximately $4 million.
Kah Loong Randy Yeo, Interim Chief Financial Officer
Mr. Yeo was appointed interim Chief Financial Officer on December 19, 2025, succeeding John Feliciano III. He previously served as the company's Controller since November 26, 2025. Mr. Yeo possesses over 20 years of experience in finance, including roles in public accounting, asset management, and investment banking. His prior positions include Chief Financial Officer and Head of Operations at Chiral Global Investors L.P., U.S. Senior Controller at Riskfield Inc., where he helped guide the company through a $300 million IPO, and finance leadership roles at CITIC Securities International USA, LLC and Direct Markets Holdings Corp.
Chung Ming Bruce Hui, Director
Mr. Hui was appointed as a new director on December 19, 2025. He brings over 25 years of experience in Hong Kong's financial industry, specializing in private wealth management, corporate wealth solutions, and wealth succession planning. He is a former Licensed Responsible Officer of an insurance brokerage and Head of Business for a trust company.
Anthony Kwong, Accounting Professional
Mr. Kwong has over 14 years of experience in the accounting profession. He began his career as a business consultant, focusing on corporate service. He previously served at Vistra Group and Intertrust Group (now rebranded as CSC) for six years, where he ascended to Manager at Intertrust, overseeing a major client portfolio of multinational corporations. Mr. Kwong later founded a local professional service firm in Hong Kong.
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- Exposure to Fluctuations in Waste Paper Export Market Volumes and Pricing: Toppoint's business is heavily dependent on the waste paper export supply chain, which is identified as their core commodity. The company experienced a significant revenue and net income decrease in 2023, primarily due to an industry-wide decrease in scrap paper export volume. This reliance makes the business vulnerable to global demand shifts, commodity price volatility, and trade policies affecting waste paper exports.
- Reliance on Independent Contractor Drivers: Toppoint's operational model is highly reliant on owner-operators and other independent contractor drivers, with approximately 100 independent contractor drivers in their network. This dependency exposes the company to risks associated with driver availability, recruitment, retention, and potential regulatory changes impacting the classification or engagement of independent contractors, which could increase operational costs or limit capacity.
- Geographic Concentration in Key Regions: Despite recent expansion into Florida, Maryland, and Mexico, Toppoint maintains a significant market share in the New Jersey and Pennsylvania regional trucking market for waste paper exports. This concentration means that adverse economic conditions, port-specific issues, or increased competition within these critical regions could have a disproportionate impact on the company's financial performance.
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Toppoint (TOPP) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Expansion into New Geographic Markets: Toppoint has recently expanded into the recycling export transport markets of Tampa, Jacksonville, and Miami, FL, and Baltimore, MD in 2023, and Ensenada, Mexico in 2024. The company also intends to explore international markets in Canada, the United Kingdom, and Australia in the near future. These new markets are expected to contribute to increased load volumes and customer acquisition.
- Diversification and Growth in Waste Metal and Import Verticals: Despite a downturn in waste paper exports in 2023, Toppoint's revenues from Waste Metal and Import verticals experienced growth. The company expanded its presence in the metal recycling export market, resulting in a 55% increase in loads in 2023. Continued focus on these growing segments, along with the "Others" vertical where they utilize outside trucks in markets like Illinois and Texas, will help diversify revenue streams and mitigate risks associated with commodity price fluctuations in their core waste paper business.
- Growing Client Base and "White Glove Service" Model: Toppoint's client base has grown significantly, from 10 in 2015 to 303 in 2023, at a CAGR of approximately 53.17%. The company prides itself on providing a "white glove service" to ensure time-sensitive, ultra-high throughput commodities are safely delivered. Maintaining and expanding this client base, driven by their reputation for competitive prices, on-time delivery of large amounts, and fast response, is a fundamental driver of sustained revenue.
- Integrated Transportation Solutions and Leveraging "Outside Trucks": Capitalizing on its logistics expertise, Toppoint offers integrated transportation solutions covering loading, transport, port drayage, and unloading. Additionally, the strategic use of "outside trucks" in emerging markets like Illinois and Texas allows Toppoint to scale operations and serve national clients with low risk, presenting an opportunity for continued growth in areas beyond their owned fleet's immediate reach.
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Peer Outperformance in Cargo Ground Transportation
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.0% | 104.6% | 189.6% | FIX 2338% · STRL 2296% · CDNL 2275% |
| Marine Transportation | 5 | 88.1% | 65.8% | 180.5% | HOS 44163% · MATX 208% · SFL 181% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 11.7% | 58.9% | 128.8% | CAT 364% · ALSN 258% · WAB 236% |
| Aerospace & Defense | 55 | -6.5% | 68.9% | 75.0% | ATI 1076% · FTAI 1008% · HWM 661% |
| Rail Transportation | 7 | 29.3% | 58.4% | 59.0% | FSTR 147% · CSX 70% · RAIL 69% |
| Trading Companies & Distributors | 19 | 4.3% | 37.2% | 50.9% | DXPE 581% · AIT 305% · WCC 222% |
| Industrial Machinery & Supplies & Components | 72 | 9.1% | 51.5% | 43.2% | CRS 1278% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 13.4% | 34.2% | 36.0% | LIME 3498% · TH 459% · WLFC 363% |
| Passenger Ground Transportation | 3 | -28.4% | 46.2% | 31.6% | UBER 59% · CAR 32% · LYFT -72% |
| Cargo Ground Transportation ← | 16 | 34.4% | 2.3% | 27.6% | R 251% · XPO 242% · CVLG 163% |
| Electrical Components & Equipment | 41 | 3.4% | 58.5% | 24.2% | POWL 2383% · BE 1333% · VRT 958% |
| Building Products | 33 | -14.7% | 3.4% | 20.0% | LMB 728% · GFF 398% · PPIH 301% |
| Industrial Conglomerates | 17 | 7.9% | 6.5% | 7.9% | RCMT 524% · CSW 142% · DD 76% |
| Agricultural & Farm Machinery | 17 | 6.4% | 4.5% | -2.4% | BLBD 214% · DE 117% · GENC 58% |
| Environmental & Facilities Services | 29 | -11.1% | 24.2% | -7.2% | CECO 929% · ADUR 404% · NVRI 376% |
| Research & Consulting Services | 13 | -12.7% | -22.8% | -10.5% | HURN 219% · CRAI 92% · GRNQ 67% |
| Data Processing & Outsourced Services | 6 | -33.4% | -14.8% | -24.6% | EXLS 46% · BR 10% · G -23% |
| Passenger Airlines | 11 | 3.2% | 13.3% | -27.7% | LTM 3169% · UAL 145% · SKYW 113% |
| Office Services & Supplies | 9 | 7.4% | 12.6% | -32.7% | PBI 202% · TILE 148% · HNI 51% |
| Human Resource & Employment Services | 22 | 6.5% | -15.5% | -36.3% | BBSI 89% · ADP 54% · PAYX 25% |
| Air Freight & Logistics | 12 | -18.0% | -19.7% | -39.1% | CHRW 97% · EXPD 67% · FDX 66% |
| Security & Alarm Services | 10 | -37.7% | 22.8% | -44.9% | CIX 157% · MG 128% · BCO 68% |
| Airport Services | 3 | -75.1% | -78.7% | -61.9% | JOBY -35% · ASLE -62% · UP -100% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Toppoint Earnings Notes | 12/16/2025 | |
| Can Toppoint Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 173.62 |
| Mkt Cap | 14.8 |
| Rev LTM | 7,088 |
| Op Inc LTM | 899 |
| FCF LTM | 638 |
| FCF 3Y Avg | 2 |
| CFO LTM | 1,241 |
| CFO 3Y Avg | 1,217 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | -0.6% |
| Rev Chg Q | 15.1% |
| QoQ Delta Rev Chg LTM | 3.6% |
| Op Inc Chg LTM | -0.8% |
| Op Inc Chg 3Y Avg | -5.0% |
| Op Mgn LTM | 8.0% |
| Op Mgn 3Y Avg | 7.8% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 12.6% |
| CFO/Rev 3Y Avg | 11.7% |
| FCF/Rev LTM | 6.1% |
| FCF/Rev 3Y Avg | -0.3% |
Price Behavior
| Market Price | $0.13 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 01/22/2025 | |
| Distance from 52W High | -95.2% | |
| 50 Days | 200 Days | |
| DMA Price | $0.37 | $1.10 |
| DMA Trend | down | down |
| Distance from DMA | -64.3% | -87.9% |
| 3M | 1YR | |
| Volatility | 123.0% | 169.7% |
| Downside Capture | 1002.83 | 191.32 |
| Upside Capture | -341.14 | -135.16 |
| Correlation (SPY) | 3.8% | 2.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.32 | 0.83 | 0.09 | 0.87 | 0.42 | -0.18 |
| Up Beta | -1.72 | -1.44 | 2.04 | 0.49 | 0.36 | -0.79 |
| Down Beta | -13.21 | -7.68 | -1.98 | 0.90 | 0.45 | 0.39 |
| Up Capture | -58% | -206% | -310% | -57% | -47% | -6% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 6 | 14 | 22 | 46 | 89 | 155 |
| Down Capture | 1760% | 772% | 415% | 212% | 155% | 85% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 14 | 27 | 40 | 71 | 145 | 223 |
[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 TOPP | |
|---|---|---|---|---|
| TOPP | -91.8% | 169.2% | -0.73 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 6.6% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 3.1% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 3.9% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | -14.1% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 11.5% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | -10.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TOPP | |
|---|---|---|---|---|
| TOPP | -49.4% | 151.4% | -0.69 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 4.0% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 0.5% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 5.2% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | -6.3% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 7.1% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | -7.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TOPP | |
|---|---|---|---|---|
| TOPP | -28.8% | 151.4% | -0.69 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 4.0% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 0.5% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 5.2% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -6.3% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 7.1% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | -7.8% |
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Returns Analyses
Earnings Returns History
Updated 9/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 2.4% | -12.1% | -34.7% |
| 5/14/2026 | -7.8% | -9.7% | 26.0% |
| 3/25/2026 | -6.3% | -7.5% | 8.5% |
| 11/14/2025 | 0.0% | -19.6% | -14.2% |
| 8/14/2025 | -8.5% | -7.6% | -4.5% |
| 5/15/2025 | 2.6% | 0.7% | 7.9% |
| SUMMARY STATS | |||
| # Positive | 3 | 1 | 3 |
| # Negative | 3 | 5 | 3 |
| Median Positive | 2.4% | 0.7% | 8.5% |
| Median Negative | -7.8% | -9.7% | -14.2% |
| Max Positive | 2.6% | 0.7% | 26.0% |
| Max Negative | -8.5% | -19.6% | -34.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 2.4% | -12.1% | -34.7% |
| 5/14/2026 | -7.8% | -9.7% | 26.0% |
| 3/25/2026 | -6.3% | -7.5% | 8.5% |
| 11/14/2025 | 0.0% | -19.6% | -14.2% |
| 8/14/2025 | -8.5% | -7.6% | -4.5% |
| 5/15/2025 | 2.6% | 0.7% | 7.9% |
| SUMMARY STATS | |||
| # Positive | 3 | 1 | 3 |
| # Negative | 3 | 5 | 3 |
| Median Positive | 2.4% | 0.7% | 8.5% |
| Median Negative | -7.8% | -9.7% | -14.2% |
| Max Positive | 2.6% | 0.7% | 26.0% |
| Max Negative | -8.5% | -19.6% | -34.7% |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Cargo Ground Transportation Resources |
| Transport Topics |
| Commercial Carrier Journal (CCJ) |
| FreightWaves |
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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