ZenaTech (ZENA)
Market Price (7/28/2026): $1.35 | Market Cap: $72.6 MilSector: Information Technology | Industry: Systems Software
ZenaTech (ZENA)
Market Price (7/28/2026): $1.35Market Cap: $72.6 MilSector: Information TechnologyIndustry: Systems Software
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 705% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% Megatrend and thematic driversMegatrends include Automation & Robotics, and Artificial Intelligence. Themes include Factory Automation, Industrial Robotics, Show more. | Weak multi-year price returns2Y Excs Rtn is -118%, 3Y Excs Rtn is -148% Meaningful short interestShort 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 14% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -218% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 56% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -245%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -304% 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 -95% Key risksZENA key risks include [1] its ongoing struggle to achieve sustainable profitability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 705% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -52% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Artificial Intelligence. Themes include Factory Automation, Industrial Robotics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -118%, 3Y Excs Rtn is -148% |
| Meaningful short interestShort 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 14% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -44 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -218% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 56% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -245%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -304% |
| 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 -95% |
| Key risksZENA key risks include [1] its ongoing struggle to achieve sustainable profitability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
ZenaTech (ZENA) stock has lost about 40% since 3/31/2026 because of the following key factors:
1. ZenaTech reported a significant earnings per share (EPS) miss for fiscal Q1 2026. The company announced its fiscal Q1 2026 results on June 3, 2026, reporting an EPS of -$0.36, which missed analysts' consensus estimates of -$0.16 by $0.20. This underperformance in profitability likely contributed to the stock's decline following the report within the specified period.
2. Persistent unprofitability overshadowed strong revenue growth and strategic expansions. Despite ZenaTech reporting strong quarterly revenue of $6.04 million for fiscal Q1 2026, exceeding analysts' expectations of $4.53 million, and experiencing significant year-over-year revenue growth (Q1 2026 revenue up approximately 640% year-over-year), the company continued to post negative EPS. This sustained lack of profitability, with a trailing EPS of -$1.42, likely raised investor concerns regarding the company's financial health and its path to sustainable earnings, even amidst numerous positive announcements related to acquisitions and defense drone engagements.
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ZenaTech (ZENA) stock has lost about 40% since 3/31/2026 because of the following key factors:
1. ZenaTech reported a significant earnings per share (EPS) miss for fiscal Q1 2026. The company announced its fiscal Q1 2026 results on June 3, 2026, reporting an EPS of -$0.36, which missed analysts' consensus estimates of -$0.16 by $0.20. This underperformance in profitability likely contributed to the stock's decline following the report within the specified period.
2. Persistent unprofitability overshadowed strong revenue growth and strategic expansions. Despite ZenaTech reporting strong quarterly revenue of $6.04 million for fiscal Q1 2026, exceeding analysts' expectations of $4.53 million, and experiencing significant year-over-year revenue growth (Q1 2026 revenue up approximately 640% year-over-year), the company continued to post negative EPS. This sustained lack of profitability, with a trailing EPS of -$1.42, likely raised investor concerns regarding the company's financial health and its path to sustainable earnings, even amidst numerous positive announcements related to acquisitions and defense drone engagements.
3. Market skepticism persisted despite optimistic analyst ratings and high price targets. As of July 27, 2026, analysts maintained a "Strong Buy" or "Buy" consensus rating for ZenaTech, with an average price target of $4.50, representing a potential upside of approximately 228% from the current stock price. However, the stock experienced a decline of 35.21% over the last three months, indicating a disconnect between analyst sentiment and the market's valuation of the company during this period. This suggests that investors may be factoring in concerns not fully captured by analyst models, such as the company's ongoing unprofitability, despite its growth initiatives.
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Stock Movement Drivers
Fundamental Drivers
The -40.2% change in ZENA stock from 3/31/2026 to 7/27/2026 was primarily driven by a -63.4% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.29 | 1.37 | -40.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 20 | 140.3% |
| P/S Multiple | 10.0 | 3.7 | -63.4% |
| Shares Outstanding (Mil) | 37 | 54 | -32.0% |
| Cumulative Contribution | -40.2% |
Market Drivers
3/31/2026 to 7/27/2026| Return | Correlation | |
|---|---|---|
| ZENA | -40.2% | |
| Market (SPY) | 13.6% | 16.2% |
| Sector (XLK) | 31.2% | 12.8% |
Fundamental Drivers
The -57.2% change in ZENA stock from 12/31/2025 to 7/27/2026 was primarily driven by a -73.8% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.20 | 1.37 | -57.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 20 | 140.3% |
| P/S Multiple | 13.9 | 3.7 | -73.8% |
| Shares Outstanding (Mil) | 37 | 54 | -32.0% |
| Cumulative Contribution | -57.2% |
Market Drivers
12/31/2025 to 7/27/2026| Return | Correlation | |
|---|---|---|
| ZENA | -57.2% | |
| Market (SPY) | 8.7% | 29.4% |
| Sector (XLK) | 21.2% | 23.2% |
Fundamental Drivers
The -62.7% change in ZENA stock from 6/30/2025 to 7/27/2026 was primarily driven by a -86.5% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.67 | 1.37 | -62.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 20 | 704.6% |
| P/S Multiple | 27.0 | 3.7 | -86.5% |
| Shares Outstanding (Mil) | 18 | 54 | -65.7% |
| Cumulative Contribution | -62.7% |
Market Drivers
6/30/2025 to 7/27/2026| Return | Correlation | |
|---|---|---|
| ZENA | -62.7% | |
| Market (SPY) | 20.6% | 28.5% |
| Sector (XLK) | 38.2% | 23.7% |
Fundamental Drivers
nullnull
Market Drivers
6/30/2023 to 7/27/2026| Return | Correlation | |
|---|---|---|
| ZENA | ||
| Market (SPY) | 72.6% | 13.6% |
| Sector (XLK) | 104.3% | 11.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ZENA Return | - | - | - | -13% | -58% | -57% | -84% |
| Peers Return | 8% | -42% | 55% | 11% | -5% | -5% | -2% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| ZENA Win Rate | - | - | - | 33% | 33% | 14% | |
| Peers Win Rate | 52% | 35% | 60% | 62% | 54% | 37% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| ZENA Max Drawdown | - | - | - | - | -74% | -75% | |
| Peers Max Drawdown | -22% | -53% | -30% | -35% | -34% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEN, CVLT, PATH, S, AIBZ.
[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 7/27/2026 (YTD)
How Low Can It Go
| Event | ZENA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -59.3% | -18.8% |
| % Gain to Breakeven | 145.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
In The Past
ZenaTech's stock fell -59.3% during the 2025 US Tariff Shock. Such a loss loss requires a 145.5% gain to breakeven.
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Asset Allocation
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| Event | ZENA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -59.3% | -18.8% |
| % Gain to Breakeven | 145.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
In The Past
ZenaTech's stock fell -59.3% during the 2025 US Tariff Shock. Such a loss loss requires a 145.5% 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 ZenaTech (ZENA)
ZenaTech, Inc. (ZENA) is an enterprise software technology company specializing in mission-critical cloud-based applications, often integrated with smart hardware. Through its various subsidiaries such as PacePlus, SystemView, ZigVoice, WorkAware, TillerStack, and PsPortals, ZenaTech provides a comprehensive range of software solutions. These include electronic health records and medical billing, SCADA and facility management, contact center suites, safety and compliance management, field service management, and law enforcement applications. The company currently generates revenue from approximately 115 paying corporate clients across the United States, Canada, Ireland, United Arab Emirates, and Germany.
Complementing its established software business, ZenaTech is actively developing and commercializing an Unmanned Vehicle Systems (drone) business. This initiative involves the development and testing of a high-quality drone with unique features, supported by subsidiaries like ZenaDrone, Inc. for manufacturing and sales in regions including the USA, EU, and the Middle East. The drone technology is designed to integrate with specialized software offerings such as Plant Tracker and Smart Farming solutions. ZenaTech has already secured five pilot program agreements for its drone technology and anticipates this emerging business will become a significant revenue driver, enhancing its overall portfolio.
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Here are 1-3 brief analogies to describe ZenaTech:
- It's like a smaller scale Constellation Software, managing a diverse portfolio of niche enterprise software, but with a major new venture into industrial drone manufacturing and sales.
- Think of it as an enterprise software provider (like a specialized ServiceNow for various industries) that is also becoming a manufacturer of smart industrial drones.
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- Medical Records Software: Provides Electronic Health Record and medical billing solutions for healthcare providers.
- Automated Facility Management Software: Offers SCADA, maintenance, reporting, energy management, and video surveillance tools for industrial and facility operations.
- Contact Center Software: Delivers multiplatform communication, traffic analysis, and help desk solutions for customer interaction management.
- Safety and Compliance Management Software: A platform designed to support businesses in maintaining safety standards and managing risks across industries.
- Field Service Management Software: Optimizes field operations through scheduling, real-time tracking, and remote assistance for various industries.
- Law Enforcement Software: A secure platform designed for case management, evidence tracking, and streamlined communication for public safety agencies.
- Unmanned Vehicle Systems (Drones): Involves the development, manufacturing, sales, and distribution of high-quality drones with unique features.
- Agricultural/Drone Software Suite: Cloud-based applications, including Plant Tracker, Smart Farming, Compliance, and Plant Recognition Technology, integrated with drone operations for agricultural efficiency.
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ZenaTech (ZENA) primarily sells its software solutions and emerging drone technology to other companies and organizations, rather than to individuals. The provided text indicates the company has "approximately 115 paying corporate clients" and has signed "five pilot program agreements" with organizations for its drone technology. No specific names of these customer companies are mentioned in the background information.
Based on the various software products and the industries they serve, ZenaTech's major customer categories include:
- Enterprise and Industrial Clients: This broad category covers businesses in diverse sectors such as healthcare (e.g., medical practices using EHR and medical billing software), industrial processes, automated facility management, energy management, security, and any industry requiring field service management, safety, and compliance solutions.
- Public Safety Agencies: Specifically law enforcement agencies, which utilize PsPortals' specialized software for case management and communication.
- Agricultural Businesses: Farmers and agricultural enterprises are targeted customers for ZenaDrone's specialized software suite (e.g., Plant Tracker, Smart Farming, Compliance Software, Plant Recognition Technology) which is designed to integrate with their drone business.
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Shaun Passley, PhD - Chairman and CEO
Shaun Passley was appointed CEO in August 2017 and is the founder of ZenaTech. He has over 25 years of expertise in the software industry, with more than 10 years leading public companies. He holds a PhD in Business Management and an MBA from Benedictine University, as well as three other Master's Degrees: a Master of Law from Northwestern University, a Master of Science in Information Technology from DePaul University, and a Master of Science in Product Design from Northwestern University.
James Sherman - CPA, CFO
James Sherman has 30 years of experience as a Certified Public Accountant (CPA) and is an honors graduate from Northern Illinois University. He began his career at a Fortune 500 telecommunications firm and rose through various finance roles. Mr. Sherman served as Acting Treasurer for a $3.5 billion division of Sprint Corporation, where he led a $50 million cost-saving initiative. He was also CFO of a $90 million national transportation and distribution company, leading it from potential bankruptcy to a sale-ready state, and served as CFO for a $250 million division of Mitsubishi Corporation.
Sajjad Asif - Chief Technology Officer
Sajjad Asif was promoted to Chief Technology Officer in October 2024. He previously served as ZenaTech's Vice President of Technology and has held various leadership roles within the ZenaTech group of companies. Mr. Asif has 18 years of professional experience specializing in software and drone technologies, including CTO roles for several European technology companies. He holds a Master of Science in Software Engineering from Blekinge Tekniska Högskola (BTH) in Sweden, an MBA from AIOU in Pakistan, and a BS in Computer Science from PUCIT in Pakistan.
Craig Passley - Corporate Secretary
Craig Passley was appointed Company Secretary in October 2024. He is currently a construction management executive at M/I Homes. Previously, he served as Corporate Secretary for the publicly traded company Epazz from 2005 to 2016, and for FlexFridge. Mr. Passley holds a bachelor's degree in engineering from Bradley University, a master's degree in project management from the Keller Graduate School of Management, and an MBA from Lake Forest School of Management.
Linda Montgomery - Vice President of Corporate Development
Linda Montgomery joined ZenaTech in October 2024 to lead corporate development. She brings over 20 years of professional experience in investor relations, business development, and marketing for international technology companies. Ms. Montgomery has led investor relations for five IPOs. She holds two degrees in business and marketing from the University of Manitoba and the University of Winnipeg, and an investor relations professional accreditation (CPIR) from the Ivey School of Business at Western University.
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Strategic Dependence on Unproven Drone Business: ZenaTech currently generates all its income from its established software business. However, the company is heavily investing in and strategically pivoting towards a new drone manufacturing, sales, and distribution business, with the future commercialization of several key non-revenue-generating software products (such as the ZenaPay suite) explicitly contingent upon the drone business generating revenue. The drone business is nascent, with only five pilot program agreements signed, indicating a high-risk growth strategy dependent on a yet-to-be-proven market entry and revenue generation from this new venture.
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Limited Customer Base and Customer Acquisition Challenges: The company's existing software business relies on approximately 115 paying corporate clients across all its released software products, which is a relatively small and concentrated customer base for an enterprise software company operating in diverse industries. Furthermore, the success of the new and critical drone business is currently dependent on converting a very small number of pilot program agreements (five) into paying customers, highlighting significant customer acquisition challenges and a potentially fragile revenue pipeline for its future growth driver.
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Intense Competition in Diverse Markets: ZenaTech operates in highly competitive markets for both enterprise software solutions and the emerging drone manufacturing and services industry. The company's diverse portfolio of in-house developed software products and its new drone offering face competition from established players with potentially greater resources, market share, and brand recognition. The description does not clearly articulate sustained competitive advantages that would ensure significant market penetration or long-term growth against these competitors.
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- EHR Software: null
- Medical Billing Software: The global medical billing software market was estimated at approximately USD 16.95 billion in 2025.
- SystemView Scada HMI Software: null
- MaintenanceView Software: null
- ReportView Software: null
- EnergyView Software: The global energy management software market was approximately USD 42.69 billion in 2025.
- Strand Video Surveillance Software: null
- Multiplatform Contact Center Suite (MCCS): The global contact center software market was valued at approximately USD 50.78 billion in 2024.
- Traffic Calculator: null
- Zinergy Help Desk Software: The global help desk software market was valued at approximately USD 28.17 billion in 2024.
- Safety and Compliance Management Software: null
- Field Service Management Software: The global field service management market was approximately USD 5.10 billion in 2025.
- Law Enforcement Software: The global law enforcement software market was estimated at approximately USD 18.26 billion in 2025.
- On-site Remote Assistance: The global clientless remote support software market was valued at approximately USD 11.29 billion in 2024.
- Drones (Commercial/Enterprise): The global commercial drone market was calculated at approximately USD 83.97 billion in 2025.
- Drones (Agricultural): The global agricultural drones market was estimated to be valued at approximately USD 5.86 billion in 2025.
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Expected Drivers of Future Revenue Growth for ZenaTech (ZENA)
- Commercialization and Global Expansion of the ZenaDrone Business: ZenaTech plans to significantly expand its business into Unmanned Vehicle Systems (drones). This involves the manufacturing, sales, and distribution of its high-quality drone with unique features across the United States (via ZenaDrone, Inc. and ZenaDrone Manufacturing, Inc.), the European Union (via ZenaDrone Limited), and the Middle East (via ZenaDrone Trading LLC and ZenaDrone Manufacturing (FZE)). This represents a major new revenue stream for the company.
- Conversion of Drone Pilot Programs into Paying Customers: The company has successfully signed five pilot program agreements to evaluate its drone technology, which it explicitly expects to convert into paying customers. This conversion will directly contribute to immediate revenue growth in the drone segment.
- Monetization of Drone-Integrated Software Products: ZenaTech intends to introduce and generate revenue from its currently non-generating software suite, such as Plant Tracker, Smart Farming, Compliance Software, and Plant Recognition Technology. These products are designed to integrate with the drone business, and the Plant Tracker, for instance, will be introduced as an add-in service once the drone business begins generating revenue.
- Growth and Expansion of Existing Enterprise Software Client Base: ZenaTech currently generates all its income from its established software business, serving approximately 115 paying corporate clients with products in medical records, SCADA & HMI, video surveillance, call center, safety and compliance management, and field service management. The company anticipates no changes to the use of these existing software products, implying continued efforts to grow its client base and expand its presence in existing software markets across the United States, Canada, Ireland, United Arab Emirates, and Germany.
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Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold ZenaTech Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.88 |
| Mkt Cap | 6.1 |
| Rev LTM | 1,184 |
| Op Inc LTM | 101 |
| FCF LTM | 237 |
| FCF 3Y Avg | 276 |
| CFO LTM | 245 |
| CFO 3Y Avg | 285 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.4% |
| Rev Chg 3Y Avg | 15.1% |
| Rev Chg Q | 20.8% |
| QoQ Delta Rev Chg LTM | 4.8% |
| Op Inc Chg LTM | 19.0% |
| Op Inc Chg 3Y Avg | 21.1% |
| Op Mgn LTM | 6.0% |
| Op Mgn 3Y Avg | -5.1% |
| QoQ Delta Op Mgn LTM | 1.7% |
| CFO/Rev LTM | 20.7% |
| CFO/Rev 3Y Avg | 22.8% |
| FCF/Rev LTM | 20.0% |
| FCF/Rev 3Y Avg | 22.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Drone as a Service | 10 | ||
| Enterprise Software | 3 | ||
| Corporate Unallocated | 0 | ||
| Software licensing and subscription agreements, software support and maintenance, and technology | 2 | 2 | |
| Total | 13 | 2 | 2 |
| $ Mil | 2025 |
|---|---|
| Drone as a Service | -0 |
| Enterprise Software | -4 |
| Corporate Unallocated | -21 |
| Total | -25 |
Price Behavior
| Market Price | $1.37 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/01/2024 | |
| Distance from 52W High | -79.5% | |
| 50 Days | 200 Days | |
| DMA Price | $1.50 | $2.82 |
| DMA Trend | down | down |
| Distance from DMA | -9.0% | -51.4% |
| 3M | 1YR | |
| Volatility | 102.3% | 93.8% |
| Downside Capture | 348.65 | 379.10 |
| Upside Capture | 87.01 | 141.53 |
| Correlation (SPY) | 18.4% | 30.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.54 | 0.79 | 1.53 | 2.16 | 2.26 | 0.30 |
| Up Beta | 0.46 | -1.90 | 0.96 | 1.58 | 1.78 | -2.77 |
| Down Beta | 2.05 | 1.79 | 1.59 | 2.37 | 1.77 | 0.83 |
| Up Capture | -197% | -24% | 64% | 134% | 267% | 130% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 17 | 27 | 50 | 106 | 180 |
| Down Capture | -123% | 263% | 301% | 236% | 189% | 112% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 21 | 32 | 70 | 139 | 246 |
[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 ZENA | |
|---|---|---|---|---|
| ZENA | -77.3% | 93.9% | -1.15 | - |
| Sector ETF (XLK) | 34.1% | 24.8% | 1.13 | 25.6% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | 30.3% |
| Gold (GLD) | 20.8% | 28.1% | 0.66 | 17.2% |
| Commodities (DBC) | 29.6% | 19.5% | 1.21 | 3.1% |
| Real Estate (VNQ) | 13.9% | 14.1% | 0.69 | 11.5% |
| Bitcoin (BTCUSD) | -46.0% | 43.0% | -1.31 | 30.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZENA | |
|---|---|---|---|---|
| ZENA | -30.3% | 240.4% | 0.27 | - |
| Sector ETF (XLK) | 19.5% | 25.6% | 0.68 | 11.8% |
| Equity (SPY) | 13.2% | 17.1% | 0.59 | 13.6% |
| Gold (GLD) | 17.2% | 18.4% | 0.75 | -1.8% |
| Commodities (DBC) | 9.7% | 19.5% | 0.38 | -1.7% |
| Real Estate (VNQ) | 3.3% | 18.9% | 0.07 | 12.6% |
| Bitcoin (BTCUSD) | 15.8% | 53.5% | 0.47 | 1.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZENA | |
|---|---|---|---|---|
| ZENA | -16.5% | 240.4% | 0.27 | - |
| Sector ETF (XLK) | 24.0% | 24.8% | 0.88 | 11.8% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 13.6% |
| Gold (GLD) | 11.4% | 16.1% | 0.58 | -1.8% |
| Commodities (DBC) | 6.9% | 18.0% | 0.30 | -1.7% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 12.6% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 1.0% |
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Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Systems Software Resources |
| CNET |
| ZDNet |
| Gartner |
| Software Development Times |
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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