Notes

A news scan found the following data: return quantiles are -5.5692638135587815, -2.90819758376313, -1.877084229595373, -0.9174798387983794, 1.4646816689854945, 5.142323052617001, and 8.439139984070207 percent. The average number of holding sessions is 3.6784313725490194. There were 9 target hits. The number of same day final exits is 30. The number of first day partial or exit is 31. The maximum consecutive losses is 7. The mean win loss ratio is 1.223636910941089. This data was measured on September 11 and is an empirical inference, not a forecast, with a seed of 9110400 where applicable. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/inference.json

A news scan found the data line: {"sample":255,"loser_mean_pct":0.12845222076228352,"equal9_mean_pct":0.1728131376096291,"SPY_mean_pct":0.2129085260807241,"selection_delta_pct":-0.04436091684734559,"delta_monthCI95_pct":[-0.3057229194494373,0.21663306668883373]} Measured on September 11; this is an empirical inference, not a forecast; the seed used was 9110400 where applicable. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/inference.json

A news scan found the following data: a sample of 220, with a loser mean percentage of 0.038392820430310864, an equal 9 mean percentage of 0.19287854103787888, and an SPY mean percentage of 0.23269504627282164. The selection delta percentage is -0.154485720607568, and the delta month confidence interval 95 percentage is between -0.39215081873220897 and 0.07309952569503261. This was measured on September 11, using empirical inference, not a forecast, with a seed of 9110400 where applicable. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/inference.json

A news scan found the headline 'REV9110400 simulation'. The simulation has the following results: it used 10000 paths and 21 block sessions. The fund started with 187.22 dollars. The median and 95th percentile losses and gains over 21 sessions in dollars were -13.13, -1.06, and 14.39. The probability of loss over 21 sessions was 55.84 percent. The probability of a gain of 349.01 dollars over 21 sessions was 0 percent. The median and 95th percentile returns over 252 sessions were -25.72, -3.98, and 24.47 percent. The median and 95th percentile drawdowns over 252 sessions were 17.17 and 30.95 percent. The half Kelly live value was 0. This was measured on September 11 and is an empirical inference, not a forecast, with a seed of 9110400 where applicable. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/inference.json

A technical and capacity panel for XLY was completed on September 10, 2026, at 04:00:00. The closing price of XLY on this date was 111.96. The 5-day return percentage was -2.5248%. The Average True Range, a measure of price volatility, over 20 days was 1.531. The 20-day average daily volume in US dollars was 630,330,183.08. The whole-shares fund had 1 share. The closing price is not a live quote. The next weekly entry requires a completed rank on September 11. There will be no midweek catch-up. The whole-shares fund uses 187.22 before fees, and a quarter partial is not considered a whole share if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline 'XLV REV9110400 completed Sep10 technical and capacity panel'. On September 10, 2026, at 04:00:00, the XLV symbol had a close price of 165.66. The return over the last 5 days was -4.215091066782306 percent. The Average True Range, which is a measure of price volatility, over the last 20 days was 2.556244999999997. The average daily volume in US dollars over the last 20 days was 1,318,497,134.688. The whole-shares fund had a value of 1. This is not a live quote, but rather a descriptive close. The next weekly entry requires a completed rank by September 11. There will be no midweek catch-up. The whole-shares fund uses a value of 187.22 before fees, and a quarter partial is not considered a whole share if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A technical and capacity panel for XLU was completed on September 10, 2026, at 04:00:00. The closing price of XLU on this date was 42.52. The 5-day return percentage was -0.35153503632527894. The Average True Range, which is a measure of price volatility, over 20 days was 0.6112849999999991. The 20-day average daily volume in US dollars was 859619236.6274999. There were 4 whole shares in the fund. The closing price is not a live quote. The next weekly entry requires a completed rank by September 11. There will be no midweek catch-up. The whole-shares strategy uses 187.22 of the fund before fees, and a quarter of the shares is not considered a whole share if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A technical and capacity panel for XLP was completed on September 10, 2026, at 04:00:00. The closing price of XLP on this date was 83.09. The 5-day return percentage was -2.85280018706886. The Average True Range, a measure of price volatility, over 20 days was 1.0217500000000002. The 20-day average daily trading volume in US dollars was 819544903.2465. The whole-shares fund held 2 shares. The closing price is not a live quote. The next weekly entry requires a completed rank by September 11. There will be no midweek catch-up. The whole-shares strategy uses a fund value of 187.22 before fees, and a quarter of the shares is not considered a whole share if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A technical and capacity panel for XLK was completed on September 10, 2026, at 04:00:00. The closing price of XLK on this date was 185.22. The 5-day return percentage was 0.8823529411764675, the 20-day average true range, a measure of price volatility, was 3.046499999999999, and the 20-day average daily trading volume in US dollars was 1,128,009,348.7475. The whole-shares fund had a value of 1. Note that the closing price is not a live quote. The next weekly entry requires a completed rank by September 11. There will be no mid-week catch-up. The whole-shares fund uses a price of 187.22 before fees, and quarter-partial sales are not considered whole-share sales if they are below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline 'XLI REV9110400 completed Sep10 technical and capacity panel'. On September 10, 2026, at 04:00:00, the XLI symbol had a close price of 170.55. The return over the last 5 days was -1.29 percent. ATR20, which stands for Average True Range over 20 days, was 2.20. ADV20_USD, which means Average Daily Volume over 20 days in US dollars, was 1,191,224,224.43. The whole-shares fund had a value of 1. This is not a live quote, but rather a descriptive close. The next weekly entry requires a completed rank by September 11. There will be no midweek catchup. The whole-shares fund uses a price of 187.22 before fees, and a quarter partial is not considered a whole share if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A technical and capacity panel for XLF was completed on September 10, 2026, at 04:00:00. The closing price of XLF on this date was 56.87. The 5-day return percentage was -1.3701. The Average True Range, a measure of price volatility, over 20 days was 0.6361. The 20-day average daily volume in US dollars was 1,673,633,275.19. The whole-shares fund held 3 shares. The closing price is not a live quote. The next weekly entry requires a completed rank by September 11. There will be no midweek catch-up. The whole-shares strategy uses a fund value of 187.22 before fees, and a quarter partial position is not considered a whole-share position if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline 'XLE REV9110400 completed Sep10 technical and capacity panel'. On September 10, 2026, at 04:00:00, the XLE symbol had a close price of 64.93. The return over 5 days was -0.26113671274959893 percent. The Average True Range, which is a measure of price volatility, over 20 days was 1.1404750000000008. The average daily volume in US dollars over 20 days was 1,672,349,391.3630002. The whole-shares fund had 2 shares. The close price is not a live quote. The next weekly entry requires a completed rank by September 11. There will be no midweek catch-up. The whole-shares strategy uses 187.22 from the fund before fees, and a quarter of a share is not considered a whole share if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the data line for XLB, which is a stock symbol, on September 10, 2026, at 04:00:00. The closing price was 50.76. The return over the last 5 days was -4.135977337110486 percent. The Average True Range, or ATR, over 20 days was 0.7939999999999994, which is a measure of price volatility. The average daily volume in US dollars over 20 days was 571823526.034. The whole shares fund had 3 shares. This data is not a live quote, but rather a recorded close. The next weekly entry requires a completed rank by September 11. There will be no midweek catchup. The whole-shares strategy uses 187.22 from the fund before fees, and a quarter partial is not considered a whole share if it is below 4 shares. https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the diagnostic test results for REV9110400. The test used a model called long_nextopen for a period labeled as test. The cost of a one-way trade was 16 basis points. Over 1427 days, the return was -51.73507572660889 percent. The maximum drawdown was 60.169141599781064 percent. The average daily return was -4.379603598794521 basis points. The annualized Sharpe ratio was -0.5785826087774396. The mean turnover was 0.6406163688318725. The break-even point for a one-way trade was 9.16345349279713 basis points. There were 234 high-volatility days with an average daily return of -11.44605108347127 basis points. On normal-volatility days, the average daily return was -2.993561091322302 basis points. The average gross exposure was 1. This test used a linear turnover cost approximation, which is a simple way to estimate trading costs, and did not consider financing, borrowing, or terminal liquidation costs. The test also did not create an executable portfolio, meaning it was not a real investment strategy. Additionally, the overlay net gross can be less than 2, and individual lag portfolios were normalized to be long 1 and short 1, which means they were balanced to have equal weights. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic long_nextopen test 6bp'. The test results for the long_nextopen model are as follows: the test period had a return of 20.48242946153458 percent, with a maximum drawdown of 30.638462571964364 percent. The mean daily return was 2.0265600895242026 basis points, and the annualized Sharpe ratio was 0.2682603496200744. The mean turnover was 0.6406163688318725, and the break-even one-way cost was 9.16345349279713 basis points. There were 234 high-volatility days, with a mean daily return of -5.2884868243683325 basis points, and 1193 normal-volatility days, with a mean daily return of 3.4613639267839287 basis points. The mean gross exposure was 1. This test used a linear turnover cost approximation, omitted LS financing, borrow, and terminal liquidation, and was not executable as a portfolio. The overlay net gross can be less than 2, and individual lag portfolios were normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic long_nextopen test 0bp'. The test results are for a model called 'long_nextopen' over a test period, with a one-way cost of 0 basis points. The test ran for 1427 days and had a return of 108.52%. The maximum drawdown was 24.17%. The average daily return was 5.87 basis points. The annualized Sharpe ratio was 0.78. The mean turnover was 0.64. The break-even one-way cost was 9.16 basis points. There were 234 high-volatility days with an average daily return of -1.59 basis points. On normal-volatility days, the average daily return was 7.34 basis points. The average gross exposure was 1. This test used a linear turnover cost approximation, omitted certain costs like financing and borrowing, and is not an executable portfolio. It also used an overlay net gross that can be less than 2 and individual lag portfolios that are normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic long_nextopen train 16bp'. The model is called long_nextopen and it is in the training period. The cost of a one-way trade is 16 basis points. The model was trained on 1239 days of data and had a return of -42.0592 percent. The maximum drawdown was 71.0141 percent. The mean daily return was -3.5055 basis points. The annualized Sharpe ratio was -0.4163. The mean turnover was 0.6539. The break-even point for a one-way trade was 10.6397 basis points. There were 260 high-volatility days. The mean daily return on high-volatility days was 9.7284 basis points. The mean daily return on normal-volatility days was -7.0201 basis points. The mean gross exposure was 1. This model uses a linear turnover cost approximation, which is a simple way to estimate trading costs. It does not include financing, borrowing, or terminal liquidation costs, and it is not an executable portfolio, meaning it is not a real investment portfolio. The overlay net gross can be less than 2, and individual lag portfolios are normalized to be long 1 or short 1, which means they are adjusted to have a standard size. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the diagnostic results for the long_nextopen train model. The model has a one-way cost of 6 basis points. Over 1239 days, it had a return of 30.31562082340189 percent and a maximum drawdown of 47.23368714007916 percent. The mean daily return was 3.0341913006948174 basis points, and the annualized Sharpe ratio was 0.3605480514339773. The model had a mean turnover of 0.6539656113675676 and a break-even one-way cost of 10.639680203290418 basis points. There were 260 high-volatility days with a mean daily return of 16.432922700180818 basis points, and normal-volatility days had a mean daily return of -0.5242051894648952 basis points. The mean gross exposure was 1. This model uses a linear turnover cost approximation, omitting certain costs like financing and borrowing, and is not executable as a portfolio. It also uses an overlay net gross that can be less than 2, and individual lag portfolios are normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic long_nextopen train 0bp'. The model used is called long_nextopen, which is being trained. The cost of a one-way trade is 0 basis points. The training period is 1239 days. The return is 111.86912248161916 percent. The maximum drawdown is 42.1697965941919 percent. The average daily return is 6.957984968900225 basis points. The annualized Sharpe ratio is 0.8268555170979248. The average turnover is 0.6539656113675676. The break-even point for a one-way trade is 10.639680203290418 basis points. There are 260 high-volatility days. The average daily return on high-volatility days is 20.455662283158155 basis points. The average daily return on normal-volatility days is 3.373310707708129 basis points. The average gross exposure is 1. This is based on a linear turnover cost approximation, which is a simple way to estimate trading costs. It does not include financing, borrowing, or terminal liquidation costs, and the portfolio is not executable. The overlay net gross can be less than 2, and individual lag portfolios are normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic LS_nextopen test 16bp'. The test results are as follows: the model used was LS_nextopen, the period was a test, and the one-way cost was 16 basis points, which is a measure of the cost of a trade. The test ran for 1427 days and resulted in a return of -70.74961935749128 percent. The maximum drawdown, which is the largest loss from a peak to a trough, was 72.79720109273885 percent. The mean daily return was -8.46213807344943 basis points. The annualized Sharpe ratio, which is a measure of risk-adjusted return, was -2.4631756348966833. The mean turnover, which is the rate at which the portfolio is bought and sold, was 0.5527233041833065. The break-even one-way cost was 0.6901007983498685 basis points. There were 234 high-volatility days, with a mean daily return of -10.014329344172067 basis points on those days. On normal-volatility days, the mean daily return was -8.157684798219673 basis points. The mean gross exposure, which is the average amount of money invested, was 0.8709899522642088. The test used a linear turnover cost approximation, which is a simplified way of estimating trading costs, and omitted certain costs such as financing and borrowing costs, as well as the cost of liquidating the portfolio at the end. The test also assumed that the portfolio was not executable, meaning it was a hypothetical portfolio. Additionally, the test used an overlay net gross, which can be less than 2, and individual lag portfolios were normalized to be long 1 and short 1, which means they were balanced to have equal weights. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic LS_nextopen test 6bp'. The test results are as follows: the model used was LS_nextopen, and the period was a test. The one-way cost was 6 basis points, which is a measure of the cost of buying or selling a security. The test ran for 1427 days and resulted in a return of -35.60085974524184 percent. The maximum drawdown, which is the largest loss from peak to trough, was 42.60979063487112 percent. The mean daily return was -2.9349050316163625 basis points. The annualized Sharpe ratio, which is a measure of risk-adjusted return, was -0.8542552095802547. The mean turnover, which is the frequency of buying and selling, was 0.5527233041833065. The break-even one-way cost was 0.6901007983498685 basis points. There were 234 high-volatility days, with a mean daily return of -4.609853406121374 basis points. On normal-volatility days, the mean daily return was -2.606373665619571 basis points. The mean gross exposure, which is the average amount of capital invested, was 0.8709899522642088. The results are based on a linear turnover cost approximation, and do not include financing, borrowing, or terminal liquidation costs. The portfolio is not executable. The overlay net gross can be less than 2, and individual lag portfolios are normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic LS_nextopen test 0bp'. The test results are as follows: the model used was LS_nextopen, the period was a test, and the one-way cost was 0 basis points. The test ran for 1427 days and had a return of 3.379 percent. The maximum drawdown was 14.568 percent. The mean daily return was 0.381 basis points, and the annualized Sharpe ratio was 0.111. The mean turnover was 0.553, and the break-even one-way cost was 0.690 basis points. There were 234 high-volatility days with a mean daily return of -1.367 basis points, and the mean daily return on normal-volatility days was 0.724 basis points. The mean gross exposure was 0.871. This test used a linear turnover cost approximation, omitted LS financing, borrow, and terminal liquidation, and was not executable as a portfolio. The overlay net gross can be less than 2, and individual lag portfolios were normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the diagnostic report for the LS_nextopen train model, which showed the following results: the model was trained over 1239 days and had a return of -59.26690558408395 percent. The maximum drawdown was 65.11986473232494 percent. The mean daily return was -7.130051003396575 basis points. The annualized Sharpe ratio was -2.3449620564586313. The mean turnover was 0.5554803146297939. The break-even one-way cost was 3.1641697903399533 basis points. There were 260 high-volatility days, with a mean daily return of 0.5831479073845467 basis points on those days. On normal-volatility days, the mean daily return was -9.17850015232721 basis points. The mean gross exposure was 0.8658738360652186. This report is based on a linear turnover cost approximation and does not include financing, borrowing, or terminal liquidation costs for the LS model. It also notes that the portfolio is not executable and that the overlay net gross can be less than 2. Individual lag portfolios are normalized to be long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the diagnostic report for the LS_nextopen train model. The report shows the model's performance over 1239 days with a return of -18.91 percent and a maximum drawdown of 39.23 percent. The mean daily return was -1.575 basis points and the annualized Sharpe ratio was -0.52. The model had a mean turnover of 0.56 and a break-even one-way cost of 3.16 basis points. There were 260 high-volatility days with a mean daily return of 6.10 basis points, and normal-volatility days had a mean daily return of -3.61 basis points. The mean gross exposure was 0.87. The report notes that this is an identification only, using a linear turnover cost approximation, and omits LS financing, borrow, and terminal liquidation costs. It also states that the portfolio is not executable and that overlay net gross can be less than 2, with individual lag portfolios normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json

A news scan found the headline 'REV9110400 diagnostic LS_nextopen train 0bp'. The diagnostic report for the LS_nextopen model, which is in the training period, shows the following results: the model has a return of 22.55416477497465 percent, a maximum drawdown of 15.541875258373727 percent, and a mean daily return of 1.7576340306801261 basis points. The annualized Sharpe ratio is 0.5781720004523797. The model has a mean turnover of 0.5554803146297939 and a break-even one-way cost of 3.1641697903399533 basis points. There were 260 high-volatility days with a mean daily return of 9.40719639250784 basis points, and the mean daily return on normal-volatility days was -0.2739147068839244 basis points. The mean gross exposure was 0.8658738360652186. This report uses a linear turnover cost approximation, omits LS financing, borrow, and terminal liquidation costs, and is not an executable portfolio. The overlay net gross can be less than 2, and individual lag portfolios are normalized to long 1 and short 1. https://runway.adityaperswal.workers.dev/data/stock-bars ; research/diagnostic.json