Tearsheet

Trio-Tech International (TRT)


Market Price (2/4/2026): $5.42 | Market Cap: $46.8 Mil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Trio-Tech International (TRT)


Market Price (2/4/2026): $5.42
Market Cap: $46.8 Mil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

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 -32%
Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 77x, P/EPrice/Earnings or Price/(Net Income) is 176x
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more.
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.6%
2  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 -3.5%
3  High stock price volatility
Vol 12M is 125%
4  Key risks
TRT key risks include [1] its reliance on a declining Chinese market impacting its semiconductor business and [2] a profitability squeeze from its strategic pivot to lower-margin AI chip testing.
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 -32%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more.
2 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 77x, P/EPrice/Earnings or Price/(Net Income) is 176x
3 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.6%
4 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 -3.5%
5 High stock price volatility
Vol 12M is 125%
6 Key risks
TRT key risks include [1] its reliance on a declining Chinese market impacting its semiconductor business and [2] a profitability squeeze from its strategic pivot to lower-margin AI chip testing.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Trio-Tech International (TRT) stock has gained about 50% since 10/31/2025 because of the following key factors:

1. Strong Q1 FY2026 Revenue Growth Driven by AI Chip Testing Demand.

Trio-Tech International reported a significant 58% year-over-year revenue growth in its fiscal first quarter ended September 30, 2025, which was announced on November 14, 2025. This substantial increase was primarily fueled by a new contract for AI chip testing services with a leading AI chip manufacturer, widely speculated to be AMD. This development signaled the company's entry into the high-growth AI semiconductor market, exciting investors about its future prospects.

2. 2-for-1 Forward Stock Split to Enhance Liquidity and Attract Broader Investor Base.

On December 19, 2025, Trio-Tech International announced a 2-for-1 forward stock split of its outstanding common stock, which became effective on January 5, 2026. This corporate action aimed to increase the number of outstanding shares and reduce the per-share price, thereby improving stock liquidity and making it more accessible to a broader range of investors. This move is often perceived positively by the market as it can boost trading activity and investor interest.

Show more

Stock Movement Drivers

Fundamental Drivers

The 50.1% change in TRT stock from 10/31/2025 to 2/3/2026 was primarily driven by a 29.9% change in the company's P/S Multiple.
(LTM values as of)103120252032026Change
Stock Price ($)3.695.5450.1%
Change Contribution By: 
Total Revenues ($ Mil)364215.7%
P/S Multiple0.91.129.9%
Shares Outstanding (Mil)99-0.1%
Cumulative Contribution50.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/3/2026
ReturnCorrelation
TRT50.1% 
Market (SPY)1.1%-11.5%
Sector (XLK)-5.5%-2.2%

Fundamental Drivers

The 103.7% change in TRT stock from 7/31/2025 to 2/3/2026 was primarily driven by a 1106.3% change in the company's Net Income Margin (%).
(LTM values as of)73120252032026Change
Stock Price ($)2.725.54103.7%
Change Contribution By: 
Total Revenues ($ Mil)364218.7%
Net Income Margin (%)0.1%0.6%1106.3%
P/E Multiple1,223.1175.7-85.6%
Shares Outstanding (Mil)99-1.0%
Cumulative Contribution103.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/3/2026
ReturnCorrelation
TRT103.7% 
Market (SPY)9.4%-5.4%
Sector (XLK)8.3%0.9%

Fundamental Drivers

The 83.1% change in TRT stock from 1/31/2025 to 2/3/2026 was primarily driven by a 299.0% change in the company's P/E Multiple.
(LTM values as of)13120252032026Change
Stock Price ($)3.035.5483.1%
Change Contribution By: 
Total Revenues ($ Mil)42420.1%
Net Income Margin (%)1.4%0.6%-53.5%
P/E Multiple44.0175.7299.0%
Shares Outstanding (Mil)89-1.5%
Cumulative Contribution83.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 2/3/2026
ReturnCorrelation
TRT83.1% 
Market (SPY)15.6%-0.5%
Sector (XLK)23.7%1.1%

Fundamental Drivers

The 115.1% change in TRT stock from 1/31/2023 to 2/3/2026 was primarily driven by a 1874.8% change in the company's P/E Multiple.
(LTM values as of)13120232032026Change
Stock Price ($)2.585.54115.1%
Change Contribution By: 
Total Revenues ($ Mil)4642-8.0%
Net Income Margin (%)5.1%0.6%-87.5%
P/E Multiple8.9175.71874.8%
Shares Outstanding (Mil)89-5.5%
Cumulative Contribution115.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 2/3/2026
ReturnCorrelation
TRT115.1% 
Market (SPY)75.9%3.2%
Sector (XLK)113.3%4.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TRT Return239%-66%13%15%356%-57%187%
Peers Return38%-32%21%3%40%30%110%
S&P 500 Return27%-19%24%23%16%2%86%

Monthly Win Rates [3]
TRT Win Rate58%50%58%50%67%50% 
Peers Win Rate55%38%58%48%55%100% 
S&P 500 Win Rate75%42%67%75%67%100% 

Max Drawdowns [4]
TRT Max Drawdown-0%-70%-5%-2%-17%-57% 
Peers Max Drawdown-12%-44%-14%-21%-44%0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: COHU, FORM, ASYS, KLIC, TER.
[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 2/3/2026 (YTD)

How Low Can It Go

Unique KeyEventTRTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-69.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven230.8%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven1,192 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven112.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven321 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-70.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven240.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1,051 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-95.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1943.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to COHU, FORM, ASYS, KLIC, TER

In The Past

Trio-Tech International's stock fell -69.8% during the 2022 Inflation Shock from a high on 12/31/2021. A -69.8% loss requires a 230.8% 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 Trio-Tech International (TRT)

Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services. This segment also provides qualification testing services that test small samples of output from manufacturers for qualification of their processes and devices. Its Manufacturing segment manufactures front-end semiconductor test equipment, such as artic temperature-controlled wafer chucks used for test, characterization, and failure analysis of semiconductor wafers and other components; and wet process stations for cleaning, rinsing, and drying semiconductor wafers, flat panel display magnetic disks, and other microelectronic substrates. This segment also manufactures back-end products comprising autoclaves and highly accelerated stress test equipment; burn-in equipment and boards; and component centrifuges and leak detection equipment. The company's Distribution segment distributes complementary products, including environmental chambers, handlers, interface systems, vibration systems, shaker systems, solderability testers, and other semiconductor equipment, as well as components, such as connectors, sockets, LCD display panels, and touch-screen panels. Its Real Estate segment invests in and rents real estate properties. The company primarily serves semiconductor chip manufacturers or testing facilities that purchase testing equipment. The company operates in the United States, Singapore, Malaysia, Thailand, and China. Trio-Tech International was incorporated in 1958 and is headquartered in Van Nuys, California.

AI Analysis | Feedback

  • Trio-Tech is the Applied Materials for semiconductor testing equipment and services.
  • Trio-Tech is like **KLA Corporation** for outsourced semiconductor reliability and test services.

AI Analysis | Feedback

  • Manufacturing and Distribution: Produces and distributes semiconductor manufacturing equipment, parts, and various other industrial products.
  • Testing Services: Provides a range of testing services for semiconductor devices, including burn-in, reliability, and environmental testing.
  • Lab Services: Offers failure analysis, counterfeit detection, and other specialized analytical services for electronic components.

AI Analysis | Feedback

Trio-Tech International (TRT) primarily sells to other companies (B2B) within the global semiconductor and electronics industries. The company's products and services include manufacturing, testing, and distribution for semiconductor components, as well as the production of high-reliability power semiconductors and test equipment.

Based on Trio-Tech International's latest annual report (10-K filing for the fiscal year ended June 30, 2023), no single customer accounted for 10% or more of the company's consolidated revenue. Due to this diversification, Trio-Tech International does not publicly disclose specific "major customer companies" by name, as is typically required for customers representing a material portion of revenue.

Therefore, while TRT serves a broad array of companies involved in semiconductor manufacturing, electronics production, and related industries, no individual customer is identified as "major" in its financial disclosures.

AI Analysis | Feedback

```html

null

```

AI Analysis | Feedback

Here is the management team for Trio-Tech International (TRT):

Siew Wai Yong, President, Chief Executive Officer, and Chairman

Mr. Yong joined Trio-Tech International Pte Ltd in Singapore in 1976 and was appointed as its Managing Director in August 1980. He has served as a director, Chief Executive Officer, and President of the Company since September 1990 and was elected Chairman of the Board in September 2023. Mr. Yong holds a Master's Degree in Business Administration, a Graduate Diploma in Marketing Management, and a Diploma in Industrial Management. His leadership has been instrumental in guiding Trio-Tech through significant growth and technological advancement.

Anitha Srinivasan, Chief Financial Officer

Ms. Srinivasan was appointed as Chief Financial Officer of Trio-Tech International, effective July 1, 2022. She is a Chartered Accountant and a Certified Internal Auditor, possessing over twenty years of diversified experience in audit, finance, and corporate consulting. Prior to her appointment as CFO, Ms. Srinivasan served as a consultant to the Company for more than five years and was the Internal Audit Team Leader. In her role, she oversees all financial operations, including planning, risk management, record-keeping, and financial reporting.

Hwee Poh Lim, Senior Corporate Vice President & Chief Operating Officer of the Testing Group

Mr. Lim is responsible for the strategic direction and operational execution of Trio-Tech’s extensive testing services, overseeing the daily management of the testing divisions to ensure efficiency, quality, and the delivery of advanced solutions to clients. He brings extensive experience in the fields of testing and operations, which has been crucial in driving innovation and optimizing processes within his divisions.

Soon Lee Siew Kuan, Vice-President

Ms. Soon Lee Siew Kuan is a Vice-President at Trio-Tech International, where she contributes her expertise to the company's strategic leadership and operational management.

AI Analysis | Feedback

The key risks to Trio-Tech International's (TRT) business operations are primarily concentrated in geopolitical tensions, profitability challenges from its strategic shift, and ongoing supply chain volatility.

  1. Geopolitical Pressures and China Market Reliance: Trio-Tech International faces significant challenges from geopolitical pressures and a decline in demand within the Chinese market. This has particularly impacted its Semiconductor Back-End Solutions segment, a critical part of its business. Ongoing trade tensions and broader market pressures in China have contributed to a slowdown in demand for testing services. The company's 10-K filings also highlight risks associated with conducting business internationally, especially in Asia, including currency fluctuations, local laws, and political instability.
  2. Margin Squeeze from AI Chip Testing and Profitability: While Trio-Tech International is experiencing a "massive strategic shift" towards AI chip testing, driven by explosive demand, this new venture involves a trade-off of higher volume for lower margins. This strategic pivot has led to a compression of the gross margin, falling to 17% in Q1 Fiscal 2026 due to the lower-margin nature of AI testing services. Despite recent revenue growth in this area, the company recorded a net loss and significantly reduced income from operations in Fiscal Year 2025, indicating a struggle to translate increased revenue into bottom-line profit.
  3. Supply Chain Volatility: The company is exposed to "classic supply chain volatility," which has led to delays that affected the Industrial Electronics segment's revenue in Q3 Fiscal 2025. Broader potential supply chain disruptions in global technology markets, including semiconductor chip shortages and raw material price volatility, remain a critical concern for technology manufacturers like Trio-Tech International.

AI Analysis | Feedback

null

AI Analysis | Feedback

Trio-Tech International (TRT) primarily operates in the semiconductor industry, offering manufacturing of test equipment, testing services, and distribution of semiconductor equipment and electronic components. The core business, heavily focused on semiconductors, accounted for 99.9% of its total revenue for the fiscal years ended June 30, 2023, and 2022.

The addressable markets for Trio-Tech International's main products and services are:

  • Semiconductor Test Equipment Market (Global): This market, which includes automated test equipment (ATE), wafer probing systems, and burn-in equipment, was valued at approximately USD 13.09 billion in 2024. It is projected to grow to about USD 21.72 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.64% during the forecast period. The Asia-Pacific region is a dominant force in this market, holding a significant share of global revenue.

  • Burn-in Test System for Semiconductor Market (Global): A specific segment within semiconductor testing, this market was valued at approximately USD 1.8 billion in 2024 and is anticipated to reach USD 3.2 billion by 2033, demonstrating a CAGR of 6.7% from 2025 to 2033. The Asia-Pacific region leads this market due to a concentration of semiconductor manufacturing facilities, holding over 45% market share.

AI Analysis | Feedback

Trio-Tech International (TRT) is expected to drive future revenue growth over the next two to three years through several strategic initiatives and market opportunities:

  1. Diversification and Growth of the Industrial Electronics (IE) Segment: Trio-Tech International is experiencing strong momentum in its Industrial Electronics segment, which is expanding into both existing and new end markets, including the aerospace channel. The company is also broadening its portfolio as a design-in reseller of advanced camera modules, LCD displays, and touch screen panels, contributing to significant revenue increases in this segment.
  2. Strategic Expansion and Resilience in Semiconductor Back-End Solutions (SBS) in Southeast Asia: Despite headwinds in China, Trio-Tech's Semiconductor Back-End Solutions operations are showing resilience in Singapore, Malaysia, and Thailand. This growth is driven by customers shifting their supply chains to these regions due to tariffs and geopolitical tensions, positioning the company to capitalize on this industry transformation.
  3. Launch and Shipments of Dynamic Tester Systems for SiC and GaN Power Modules: The company has begun shipping dynamic tester systems specifically designed for the growing Silicon Carbide (SiC) and Gallium Nitride (GaN) power module markets. These advanced materials are critical for high-performance applications such as industrial power systems, electric vehicles, and artificial intelligence, representing a new product offering with significant growth potential. Trio-Tech is actively engaging with new customers for these high-efficiency power solutions.
  4. Growth in Value-Added Distribution Services: Trio-Tech's value-added distribution segment saw a 32% increase in revenue in fiscal year 2024, primarily due to strong sales of display products. The company aims to further enhance this segment by positioning itself as a value-added reseller, customizing distributed products through expert engineering, integration, and sub-assembly services, which is expected to drive its recovery and growth.
  5. Securing Mass Production Orders for Next-Generation Systems: Trio-Tech International has secured a mass production order for key components of a third-generation point-of-sale (POS) system for a long-standing customer in the hospitality industry. This demonstrates sustained demand from existing customer relationships and the company's capability to participate in new product cycles.

AI Analysis | Feedback

Share Repurchases

  • Trio-Tech International authorized a share repurchase program of up to $1.0 million over two years, announced on May 13, 2025.
  • As of June 30, 2025, no shares had been repurchased under the authorized program.

Outbound Investments

  • Trio-Tech(Jiangsu) Co. Ltd. was established in January 2022.

Capital Expenditures

  • Capital expenditures totaled $4,584,000 for the fiscal year ended June 30, 2023.
  • Capital expenditures were $1,468,000 for the fiscal year ended June 30, 2022.
  • Fiscal 2023 capital expenditures primarily focused on operations in Singapore, China, Malaysia, and Thailand to enhance testing services for customers.

Better Bets vs. Trio-Tech International (TRT)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select ideas related to TRT.

Unique Key

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TRTCOHUFORMASYSKLICTERMedian
NameTrio-Tec.Cohu FormFact.Amtech S.Kulicke .Teradyne  
Mkt Price5.5429.7774.6917.6057.20282.9843.48
Mkt Cap0.01.45.80.33.044.92.2
Rev LTM42425759796542,860539
Op Inc LTM0-6842-5-31539-2
FCF LTM2-3057964576
FCF 3Y Avg2252008042722
CFO LTM3-10105811467557
CFO 3Y Avg44191310661166

Growth & Margins

TRTCOHUFORMASYSKLICTERMedian
NameTrio-Tec.Cohu FormFact.Amtech S.Kulicke .Teradyne  
Rev Chg LTM0.1%-4.5%2.3%-21.6%-7.4%4.5%-2.2%
Rev Chg 3Y Avg-2.6%-18.4%-0.5%-8.6%-21.0%-4.3%-6.4%
Rev Chg Q58.3%32.4%-2.5%-17.7%-2.1%4.3%1.1%
QoQ Delta Rev Chg LTM15.7%7.8%-0.7%-5.1%-0.6%1.1%0.3%
Op Mgn LTM0.4%-15.9%5.6%-5.8%-4.8%18.8%-2.2%
Op Mgn 3Y Avg2.3%-5.5%3.1%-6.6%-1.1%19.4%0.6%
QoQ Delta Op Mgn LTM-0.4%2.9%0.2%1.9%-0.3%-0.4%-0.1%
CFO/Rev LTM7.5%-2.3%13.9%9.9%17.4%23.6%11.9%
CFO/Rev 3Y Avg8.5%5.9%12.5%4.3%15.0%22.0%10.5%
FCF/Rev LTM5.3%-7.2%0.7%8.7%14.7%16.0%7.0%
FCF/Rev 3Y Avg4.5%2.6%2.7%1.3%11.4%15.4%3.6%

Valuation

TRTCOHUFORMASYSKLICTERMedian
NameTrio-Tec.Cohu FormFact.Amtech S.Kulicke .Teradyne  
Mkt Cap0.01.45.80.33.044.92.2
P/S1.13.37.63.24.515.73.9
P/EBIT77.2-20.774.1-8.9144.485.575.6
P/E175.7-19.0141.5-8.213,971.0101.3121.4
P/CFO15.1-141.154.932.026.266.529.1
Total Yield0.6%-5.3%0.7%-12.2%1.8%1.2%0.6%
Dividend Yield0.0%0.0%0.0%0.0%1.8%0.2%0.0%
FCF Yield 3Y Avg3.4%1.1%0.6%-2.7%2.9%2.0%1.6%
D/E0.00.00.00.10.00.00.0
Net D/E-0.3-0.1-0.00.0-0.2-0.0-0.1

Returns

TRTCOHUFORMASYSKLICTERMedian
NameTrio-Tec.Cohu FormFact.Amtech S.Kulicke .Teradyne  
1M Rtn-55.5%21.0%26.2%35.9%18.3%36.3%23.6%
3M Rtn66.6%31.3%44.4%144.4%49.7%61.2%55.4%
6M Rtn94.0%61.2%156.3%290.2%78.4%165.1%125.2%
12M Rtn80.2%32.5%88.7%252.0%34.9%155.8%84.4%
3Y Rtn112.3%-20.5%150.3%61.0%6.7%165.4%86.6%
1M Excs Rtn-56.4%20.1%25.3%35.0%17.4%35.5%22.7%
3M Excs Rtn49.0%24.0%34.8%120.8%42.8%54.7%45.9%
6M Excs Rtn86.5%48.5%145.6%288.0%66.5%158.9%116.1%
12M Excs Rtn68.6%15.4%72.0%234.0%17.2%130.9%70.3%
3Y Excs Rtn51.7%-87.3%91.8%-7.9%-53.2%107.1%21.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024
Testing Services15 
Manufacturing1513
Distribution53
Real Estate00
Testing services 18
Total3434


Operating Income by Segment
$ Mil20252024
Testing Services1 
Manufacturing0-0
Distribution00
Corporate/Others & Unallocated0 
Real Estate-0-0
Corporate and unallocated -0
Testing services 2
Total11


Assets by Segment
$ Mil20252024
Testing Services20 
Manufacturing86
Real Estate34
Distribution11
Corporate/Others & Unallocated0 
Fabrication Services0 
Corporate and unallocated 0
Fabrication service 0
Testing services 22
Total3232


Price Behavior

Price Behavior
Market Price$5.54 
Market Cap ($ Bil)0.0 
First Trading Date04/24/1995 
Distance from 52W High-60.3% 
   50 Days200 Days
DMA Price$6.25$3.65
DMA Trendupup
Distance from DMA-11.4%51.8%
 3M1YR
Volatility238.6%126.2%
Downside Capture-695.76-103.37
Upside Capture-301.86-26.44
Correlation (SPY)-11.9%-0.5%
TRT Betas & Captures as of 1/31/2026

 1M2M3M6M1Y3Y
Beta-5.03-4.82-2.57-0.93-0.040.17
Up Beta-4.86-2.59-0.400.98-0.080.27
Down Beta-2.791.112.280.510.970.75
Up Capture-1093%-425%-232%-40%-14%0%
Bmk +ve Days11223471142430
Stock +ve Days6213166121360
Down Capture-10%-1755%-1167%-638%-248%-130%
Bmk -ve Days9192754109321
Stock -ve Days14203055116354

[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 TRT
TRT67.6%126.8%0.92-
Sector ETF (XLK)23.8%27.0%0.760.9%
Equity (SPY)15.6%19.2%0.63-0.6%
Gold (GLD)77.2%24.5%2.30-13.8%
Commodities (DBC)10.0%16.5%0.40-11.2%
Real Estate (VNQ)2.9%16.5%-0.001.6%
Bitcoin (BTCUSD)-23.4%40.3%-0.56-3.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TRT
TRT16.6%82.1%0.52-
Sector ETF (XLK)17.6%24.7%0.6415.0%
Equity (SPY)14.5%17.0%0.6813.9%
Gold (GLD)21.5%16.8%1.04-2.3%
Commodities (DBC)12.0%18.9%0.51-0.9%
Real Estate (VNQ)4.8%18.8%0.1612.9%
Bitcoin (BTCUSD)20.9%57.5%0.566.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TRT
TRT14.6%68.2%0.48-
Sector ETF (XLK)22.9%24.2%0.8614.5%
Equity (SPY)15.6%17.9%0.7514.1%
Gold (GLD)15.6%15.5%0.840.4%
Commodities (DBC)8.4%17.6%0.395.1%
Real Estate (VNQ)5.6%20.8%0.2412.3%
Bitcoin (BTCUSD)69.9%66.5%1.095.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date1152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 12312025105.8%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity8.6 Mil
Short % of Basic Shares1.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/19/20253.6%3.6%33.9%
5/13/2025-6.2%-4.5%1.3%
2/13/2025-1.1%-5.3%-0.9%
9/23/20241.1%2.7%25.4%
5/14/2024-4.8%4.8%-1.1%
2/12/20240.0%0.9%1.4%
9/27/2023-23.3%-10.4%-16.2%
5/15/2023-0.7%3.2%14.7%
...
SUMMARY STATS   
# Positive71011
# Negative1187
Median Positive1.1%3.0%11.2%
Median Negative-3.0%-4.7%-3.0%
Max Positive22.1%6.7%33.9%
Max Negative-23.3%-10.4%-22.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/14/202510-Q
06/30/202509/19/202510-K
03/31/202505/13/202510-Q
12/31/202402/13/202510-Q
09/30/202411/12/202410-Q
06/30/202409/23/202410-K
03/31/202405/13/202410-Q
12/31/202302/12/202410-Q
09/30/202311/13/202310-Q
06/30/202309/27/202310-K
03/31/202305/15/202310-Q
12/31/202202/10/202310-Q
09/30/202211/10/202210-Q
06/30/202209/23/202210-K
03/31/202205/16/202210-Q
12/31/202102/14/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Adelman, Jason TDirectSell22820256.883,00020,640185,760Form
2Adelman, Jason TDirectSell22820256.693,00020,070160,560Form
3Adelman, Jason TDirectSell22820257.392,00014,780162,580Form
4Adelman, Jason TDirectSell22820257.322,00014,640146,400Form
5Adelman, Jason TDirectSell22820256.002,00012,000108,000Form