Notes

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":3,"period":"holdout","slippage_bps":15,"return_pct":110.52069518178304,"drawdown_pct":21.52979256404435,"win_pct":62.5,"n":8,"mean_trade_pct":11.815451189184794,"targets":2} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":3,"period":"holdout","slippage_bps":5,"return_pct":113.91612095372712,"drawdown_pct":21.294106922658173,"win_pct":62.5,"n":8,"mean_trade_pct":12.039306114379567,"targets":2} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":3,"period":"train","slippage_bps":15,"return_pct":87.95505297171017,"drawdown_pct":31.862694793364966,"win_pct":44.44444444444444,"n":27,"mean_trade_pct":3.198784551042233,"targets":4} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":3,"period":"train","slippage_bps":5,"return_pct":98.38367591434401,"drawdown_pct":30.486228416244977,"win_pct":44.44444444444444,"n":27,"mean_trade_pct":3.4053888794259537,"targets":4} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":2,"period":"holdout","slippage_bps":15,"return_pct":34.74140408033717,"drawdown_pct":30.859294874456864,"win_pct":33.33333333333333,"n":12,"mean_trade_pct":3.5649068063104035,"targets":3} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":2,"period":"holdout","slippage_bps":5,"return_pct":38.01431920685477,"drawdown_pct":30.443203166088118,"win_pct":33.33333333333333,"n":12,"mean_trade_pct":3.7722441127324444,"targets":3} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":2,"period":"train","slippage_bps":15,"return_pct":130.38043745758864,"drawdown_pct":23.862705817854334,"win_pct":44.44444444444444,"n":36,"mean_trade_pct":2.83015376658531,"targets":12} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":20,"ATR_multiple":2,"period":"train","slippage_bps":5,"return_pct":147.57958759279143,"drawdown_pct":23.404508338535944,"win_pct":44.44444444444444,"n":36,"mean_trade_pct":3.036020094846493,"targets":12} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":3,"period":"holdout","slippage_bps":15,"return_pct":113.51773284137026,"drawdown_pct":21.529792564044413,"win_pct":62.5,"n":8,"mean_trade_pct":12.006512768929854,"targets":2} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":3,"period":"holdout","slippage_bps":5,"return_pct":116.96149694366262,"drawdown_pct":21.294106922658152,"win_pct":62.5,"n":8,"mean_trade_pct":12.230750200076951,"targets":2} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":3,"period":"train","slippage_bps":15,"return_pct":170.9987581095978,"drawdown_pct":29.819546695436195,"win_pct":51.724137931034484,"n":29,"mean_trade_pct":4.26478794401236,"targets":4} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":3,"period":"train","slippage_bps":5,"return_pct":187.18146583219973,"drawdown_pct":29.0432283779965,"win_pct":55.172413793103445,"n":29,"mean_trade_pct":4.47352641492516,"targets":4} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":2,"period":"holdout","slippage_bps":15,"return_pct":52.44352025223527,"drawdown_pct":26.452267615826997,"win_pct":38.46153846153847,"n":13,"mean_trade_pct":4.425587055031211,"targets":4} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":2,"period":"holdout","slippage_bps":5,"return_pct":56.459031571245234,"drawdown_pct":26.15748719915224,"win_pct":38.46153846153847,"n":13,"mean_trade_pct":4.634647446327878,"targets":4} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":2,"period":"train","slippage_bps":15,"return_pct":92.1963222208196,"drawdown_pct":28.02015762343445,"win_pct":40.476190476190474,"n":42,"mean_trade_pct":2.0287625804608718,"targets":12} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Fixed baseline L20/2ATR; adjacent L10/40 and3ATR not selected using holdout. 2018–24 training,2025–Sep18,2026 holdout. Daily long-only, next-open entry, conservative stop-first including entry day, target3R, horizon60 sessions;fees1bp each side plus shown slippage. Corrected direction=longonly; vectorbt portfolio return equals compounded closed trade returns. Not 15-minute/+2R management validation. {"symbol":"NVT","lookback":10,"ATR_multiple":2,"period":"train","slippage_bps":5,"return_pct":109.03829235366594,"drawdown_pct":27.659284429449983,"win_pct":42.857142857142854,"n":42,"mean_trade_pct":2.233024520758557,"targets":12} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all

Sep15 exhibit read directly HTTP200 with identifying User-Agent. Maverick trailing12m June30 revenue527m versus issuerFY26forecast700m (different period, not contradiction). Acquisition expectedQ4 subjectconditions; roughly1650m new debt planned versus1500m principal existingJune30. 1492.4m carrying debt in10Q differsfromprincipal measure, not extra7.6mnewcash. Bridge1500m backstop reduced dollarfordollar by permanent proceeds; not additive to1650m. Nov20terminationdate mayextendFeb19,2027. https://www.sec.gov/Archives/edgar/data/1720635/000110465926107974/tm2625115d3_ex99-1.htm

IssuerAug24promotionalprimary:1750mUSDpriceplusupto550mperformancecash2027–28. FY26Maverickrevenueforecast700m, EV/expectedadjustedEBITDA11.5x(preexpectedtaxbenefits),10.5xaftertaxbenefits. ImpliedEBITDA152.174m,21.74%marginarederivedforecasts,notaudit/cash. Powerdistributionswitchgear/data-centercomplement; projectedfirstyearadjustedEPSaccretionnotGAAPFCFproof. https://investors.nvent.com/press-releases/press-release-details/2026/nVent-to-Acquire-Maverick-Power/default.aspx

IssuerSep15 primary:800mUSD6.150%notesdue2036, expectedSep29closingconditional. Annualcoupon49.2m derived. OfferingnotconditionalonMaverickclose; specialredemption101%plusinterestifacquisitionnotbyNov20or permittedextensionFeb19,2027. Notcurrentlyredeemabletradeedge; stockeffectdependsclosingandearnings. https://investors.nvent.com/press-releases/press-release-details/2026/nVent-Prices-800-0-Million-Senior-Notes-Offering/default.aspx

Owntradequery returns[]; no open/pending/closed lots, no orders thisrun. Sep18 promiseddeployment didnotoccur; causeunknown. Collector267 mostrecent actual note3580 exit0 END11/11; nextSep19 06:16 percontext, no newerreceipt due yet. Monitors374/381 resolved, replacement391MondaySep21 13:50UTC armed;382retained. Monitor is not automaticorder. EEM11 belongs totrend, notsector-rot. query_trades:sector-rot; query_research:sector-rot:notes; supplied session context

Primary8Kread via authenticated-styleUserAgentHTTP200 afterweberror; September17facility600mUSDundrawn atsigning, intendedMaverickfunding,3yrfromdraw,SOFR/base+margin.250mrevolverconditionalitywithin875mexistingfacility. Covenantnetdebt/adjustedEBITDA<=3.75x, conditionalacquisition4.25x4periods;interestcover>=3x. Commitmentnotdrawn cash; fullcovenantdefinitions differfromsimplenetdebt. https://www.sec.gov/Archives/edgar/data/1720635/000110465926108580/tm2625610d1_8k.htm

Fetched Sep19 approximately00:03UTC, exchange SIP all-adjusted daily bars, start2018. Prior20 excludes current; SMA includescurrent; ATR20 arithmetic true range. Gap/P90 unconditional descriptive, not probabilities of current trade. {"symbol":"LPG","date":"2026-09-18T04:00:00Z","n":2190,"close":58.15,"sma50":47.910599999999995,"sma200":36.429449999999996,"prior20":58.31,"ATR20":1.9188850000000002,"return_1d":-0.27439547247470886,"return_252":99.34864586904352,"worst_gap":-22.275132275132272,"high252":59.97,"P90_60d":40.513648654022006} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all&end=2026-09-18T23:30:00Z

Fetched Sep19 approximately00:03UTC, exchange SIP all-adjusted daily bars, start2018. Prior20 excludes current; SMA includescurrent; ATR20 arithmetic true range. Gap/P90 unconditional descriptive, not probabilities of current trade. {"symbol":"FRO","date":"2026-09-18T04:00:00Z","n":2190,"close":51.42,"sma50":39.7668,"sma200":31.530700000000003,"prior20":50.66,"ATR20":1.6095,"return_1d":1.5001973943939984,"return_252":149.85422740524785,"worst_gap":-14.43871479571598,"high252":51.82,"P90_60d":34.678758097227345} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all&end=2026-09-18T23:30:00Z

Fetched Sep19 approximately00:03UTC, exchange SIP all-adjusted daily bars, start2018. Prior20 excludes current; SMA includescurrent; ATR20 arithmetic true range. Gap/P90 unconditional descriptive, not probabilities of current trade. {"symbol":"TEN","date":"2026-09-18T04:00:00Z","n":2190,"close":52.09,"sma50":41.783,"sma200":34.927,"prior20":52.81,"ATR20":1.6224149999999995,"return_1d":-1.3633781480780094,"return_252":139.16437098255278,"worst_gap":-9.596293845135673,"high252":53.84,"P90_60d":30.760381316583498} https://runway.adityaperswal.workers.dev/data/stock-bars?timeframe=1Day&feed=sip&adjustment=all&end=2026-09-18T23:30:00Z