Notes

On April 24, 2025, the issuer of NOK, a type of stock called an American Depositary Receipt or ADR, released its earnings report at 08:00 EEST, before the US regular trading hours or RTH. The Securities Information Processor or SIP, which helps manage stock prices, made an adjustment to account for the same-day reaction to the news, using the previous day's closing price as a baseline. The numbers for that day were: the previous day's close was $5.18, the stock opened at $4.829, and closed at $4.741, which means there was a gap of -6.78% and a move of -8.47% compared to the previous day, with the overall market moving 2.10% and the excess or extra movement beyond the market average being -10.58%. This information comes directly from the issuer, which is promoting its financial results, and is part of a series of 11 scheduled releases from 2024 to July 2026, with the prices reflecting actual stock prices, not option fills. https://www.nokia.com/newsroom/nokia-corporation-interim-report-for-q1-2025/ ; https://runway.adityaperswal.workers.dev/data/stock-bars

On January 30, 2025, at 08:00 EET, before the US regular trading hours, the issuer of NOK released earnings information. The reaction to this news was measured on September 12, 2026. The same-day reaction was calculated using the previous close as a baseline, with all SIP adjustments included. The numbers show that on January 30, 2025, the stock opened at 4.688, closed at 4.567, and had a gap of 8.67% and a move of 5.86%. The market moved 0.54% and the excess move was 5.33%. This information comes directly from the issuer and is part of a promotional financial narrative, with this being the 11th consecutive scheduled earnings release since 2024, and continuing until July 2026. The prices mentioned are actual prices, not option fills. https://www.nokia.com/newsroom/nokia-corporation-financial-report-for-q4-and-full-year-2024/ ; https://runway.adityaperswal.workers.dev/data/stock-bars

On October 17, 2024, the issuer of NOK, which is a type of stock, released its earnings report at 08:00 EEST, before the US regular trading hours, or RTH, began. The report was measured as of September 12, 2026. The reaction to the report was calculated based on the same-day change in stock price, using the previous day's close as a baseline. The numbers show that on October 17, 2024, the stock opened at 4.079, closed at 4.2, and had a gap of -5.49% and a move of -2.69% compared to the previous day's close of 4.316. The market as a whole changed by 0.009% on that day, so the excess change in NOK stock was -2.70%. This information comes directly from the issuer and is part of a series of 11 scheduled earnings releases from 2024 to July 2026. The prices mentioned are actual stock prices, not the prices of options, which are contracts to buy or sell stocks at a certain price. https://www.nokia.com/newsroom/nokia-corporation-interim-report-for-q3-2024/ ; https://runway.adityaperswal.workers.dev/data/stock-bars

On July 18, 2024, at 08:00 EEST, before the US regular trading hours, the issuer of NOK released earnings. The reaction was measured as of September 12, 2026. The same-day reaction was calculated with a SIP adjustment, using the prior close as a baseline. The numbers show that on July 18, 2024, the stock opened at 3.59, closed at 3.485, with a gap of -4.37% and a move of -7.17%, while the market moved -0.77%. The excess move, which is the move minus the market move, was -6.40%. This information comes directly from the issuer, who has set 11 consecutive scheduled releases from 2024 to July 2026, and the prices are not based on option fills. https://www.nokia.com/newsroom/nokia-corporation-report-for-q2-and-half-year-2024/ ; https://runway.adityaperswal.workers.dev/data/stock-bars

On April 18, 2024, Nokia's earnings were released at 08:00 EEST, before the US regular trading hours. The reaction to the earnings was measured, with the stock opening at $3.215 and closing at $3.291, compared to the previous close of $3.177. This represents a gap of 1.1960969468051583% and a move of 3.588290840415476%. The market as a whole moved -0.2051787106569835%, so the excess move due to the earnings was 3.793469551072459%. The source of this information is the issuer, Nokia, and the earnings release is part of a scheduled series of 11 releases from 2024 to July 2026. A SIP adjustment was made, which means the reaction was measured on the same day as the earnings release, using the prior close as a baseline. https://www.nokia.com/newsroom/nokia-corporation-interim-report-for-q1-2024/ ; https://runway.adityaperswal.workers.dev/data/stock-bars

On January 25, 2024, the issuer of NOK announced its earnings at 08:00 EET, before the US regular trading hours. The reaction to the earnings was measured, with the stock opening at 3.508 and closing at 3.603. This represents a gap of 8.51% and a move of 11.44% from the previous close of 3.233. The market as a whole moved 0.55% on this day, so the excess move of NOK was 10.90%. The earnings release was part of a scheduled series of 11 releases from 2024 to July 2026. The source of this information is the issuer itself, and the prices mentioned are actual prices, not option fills. A same-day reaction was observed, with the SIP adjustment set to all, using the prior close as a baseline. https://www.nokia.com/newsroom/nokia-corporation-financial-report-for-q4-and-full-year-2023/ ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the trade details for BTC/USD on September 12, which showed an entry price of 81614.8 and an exit price of 81548.7. The trade was opened on September 3 at 19:42:24.677 UTC and closed at 20:30:20.345 UTC due to operator liquidation, which means the trade was closed by the operator. The notional value of the trade was 137.2644226836. The price return was -0.08099%, with 0 wins out of 1 trade, and 0 stop or target exits. It is not possible to estimate the strategy's win or loss odds or order type slippage from this one trade, which was terminated externally and did not have a synchronous pre-trade quote. Currently, there are no open or pending cryptocurrency lots, and the fund has 153.18 in cash. query_trades fund=crypto trade10

On September 12, at 04:03 UTC, the primary venue fee table showed that for a 30-day volume of 0-100,000 USD, the maker fee was 0.15% and the taker fee was 0.25%. The fee was charged on the received asset, which means that when buying ETH/USD, the fee was charged in ETH, and when selling, it was charged in USD. The model used a fee of 25 basis points per side, which is a measure of the fee as a percentage of the transaction value, with 1 basis point being equal to 0.01%. The buy quantity was calculated as cash multiplied by 1 minus 0.0025, divided by the slipped entry, and the sell proceeds quantity was calculated as quantity multiplied by the slipped exit, multiplied by 1 minus 0.0025. However, an actual account activity fee audit was not available, and the assumptions of 10/30 basis points slip were not measured fills. The maker status depends on liquidity, and a marketable limit is considered a taker, where a marketable limit is an order that can be filled immediately at the current market price. https://docs.alpaca.markets/us/docs/crypto-fees

A news scan found the following data: Measured on September 12, 2026, at 04:03 UTC, the ETH/USD daily fixed momentum signal was completed. The source of this data is venue-routed Alpaca aggregates from one upstream source, using only completed bars and excluding the partial data from September 12 for crypto. The signal uses a 12-month period, which is 252 out of 365 return intervals, and requires 253 out of 366 closes. The Average True Range, or ATR, is a measure of volatility, and ATR20 is the simple mean true range over 20 days. The five-year rolling 60-day gains, including losses, are at the 90th percentile over all observations. The levels are indicative at the last close, and no orders have been placed. The data includes the symbol ETH/USD, 2080 bars, a date of September 11, 2026, a close of 2516.066, a 12-month return of -43.62278628330868 percent, a simple moving average of 2052.4675781083274 over 200 days, an ATR20 of 98.98817058315004, and the price is above the signal, with a 90th percentile of 42.97560686769694 percent over 60 days, and 1826 observations. The stop is 2318.0896588336996, the target is 3597.360632691787, the risk percentage is 7.868487597952521, and the reward to risk ratio is 5.461736621263751. The high over 20 days is 2664.8535, the data is not excluded, the rank is 7, the proposed notional is 0, and the estimated quantity is 0. https://runway.adityaperswal.workers.dev/data/crypto-bars?symbols=ETH%2FUSD&timeframe=1Day

On September 12, 2026, at 04:03 UTC, a daily fixed momentum signal for BTC/USD was completed. The data used came from Alpaca aggregates, which gets its information from one source. Only complete trading days were considered, excluding the partial day of September 12 for crypto. The signal looks at returns over 12 months, which is 252 out of 365 days, and needs 253 out of 366 closing prices. ATR20, or average true range over 20 days, is a measure of price volatility. The five-year rolling 60-day gains, including losses, are compared to all observations to find the 90th percentile. As of the last closing price, the signal gives indicative levels but does not generate orders. The details are as follows: the symbol is BTC/USD, there were 2080 trading days considered, the date of the data is September 11, 2026, the closing price was 77212.8315, the 12-month return is -33.1666%, the simple moving average over 200 days is 70029.0427, the average true range over 20 days is 2437.1412, the price is above a certain level, the 90th percentile of 60-day gains is 37.3025%, there are 1826 observations for this percentile, the stop loss is 72338.5490, the target price is 106015.1482, the risk percentage is 6.3128%, the reward to risk ratio is 5.9090, the highest price over 20 days is 82233.5025, this signal is not excluded, it ranks 6th, the proposed notional value is 0, and the estimated quantity is 0. https://runway.adityaperswal.workers.dev/data/crypto-bars?symbols=BTC%2FUSD&timeframe=1Day

A news scan found the data line for TLT, a type of investment, measured on 2026-09-12 at 04:03 UTC. The source of this data is Alpaca aggregates, which is a type of financial data provider. The data only includes complete trading days, and excludes partial data from September 12 for investments in cryptocurrency. The return over 12 months is calculated over 252 or 365 days, and needs 253 or 366 closing prices to be complete. The average true range, or ATR20, is a measure of how much the price of an investment moves, and is calculated as the simple mean of the true range over 20 days. The five-year rolling 60-day gains include both gains and losses, and the percentile 90 is the level below which 90% of all observations fall. The levels given are based on the last closing price, and no orders have been placed. The data for TLT includes the following information: symbol, number of trading days, date, closing price, 12-month return, simple moving average over 200 days, average true range over 20 days, whether the price is above a certain level, the 90th percentile of 60-day gains, the number of observations, stop loss price, target price, risk percentage, reward to risk ratio, highest price over 20 days, whether the data is excluded, rank, proposed notional value, and estimated quantity. The specific values are: symbol TLT, 1579 trading days, date 2026-09-11, closing price 80.87, 12-month return -5.7569%, simple moving average 84.50, average true range 0.6911, price is not above the level, 90th percentile of 60-day gains 6.1506%, 1255 observations, stop loss 79.49, target 85.84, risk 1.7092%, reward to risk ratio 3.5984, highest price 83.28, data is not excluded, no rank, proposed notional value 0, and estimated quantity 0. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=TLT&timeframe=1Day&feed=sip&adjustment=all

A news scan found the following data line: Measured on September 12, 2026, at 04:03 UTC, the GLD completed a daily fixed momentum signal. The source of this data is venue-routed Alpaca aggregates from one upstream source, using only completed bars and excluding the partial crypto data from September 12. The signal is based on a 12-month period with 252 return intervals out of 365 days, requiring 253 out of 366 closes. The true range, or the difference between the high and low prices, is averaged over 20 days, referred to as ATR20. The five-year rolling 60-day gains, including losses, are at the 90th percentile over all observations. The levels are indicative at the last close, with no orders. The details are as follows: the symbol is GLD, with 1579 bars, a close of 398.77 on September 11, 2026, a 12-month return of 18.94%, a simple moving average of 415.93 over 200 days, an ATR20 of 7.95, and the price is not above the indicated level. The 90th percentile of 60-day gains is 16.78%, with 1255 observations, a stop at 382.87, a target at 465.69, a risk percentage of 3.99%, and a reward to risk ratio of 4.21. The high over 20 days is 429.42, and the data is not excluded. The proposed notional and estimated quantity are both 0. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=GLD&timeframe=1Day&feed=sip&adjustment=all

A news scan found the following data: Measured on 2026-09-12 at 04:03UTC, the EEM daily fixed momentum signal was completed. The source of this data is venue-routed Alpaca aggregates from one upstream source, using only completed bars and excluding the partial crypto data from September 12. The signal uses 12-month return intervals, which need 253 out of 366 closes, and a simple mean true range, called ATR20. It also uses a five-year rolling 60-day gain, including losses, and the 90th percentile over all observations. The levels are indicative at the last close, with no orders. The data includes the symbol EEM, 1579 bars, a close of 67.84 on 2026-09-11, and other technical indicators. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=EEM&timeframe=1Day&feed=sip&adjustment=all

A measurement was taken on September 12, 2026, at 04:03 UTC. The source of this data is Alpaca aggregates from one venue. Only completed bars were considered, excluding partial crypto data from September 12. The calculation used 12-month return intervals, which require 253 out of 366 closing prices. ATR20 refers to the average true range over 20 days, and the five-year rolling 60-day gains include losses, with a 90th percentile calculated over all observations. The levels are based on the last closing price and do not include any orders. The data for the symbol EFA includes a close of 106.7 on September 11, 2026, a 12-month return of 19.46%, and a simple moving average of 100.67 over 200 days. The average true range over 20 days is 0.88, and the price is above this level. The 90th percentile over 60 days is 9.63%, and the proposed notional allocation is 48.23, with an estimated quantity of 0.45. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=EFA&timeframe=1Day&feed=sip&adjustment=all

A news scan found the following data: Measured on September 12, 2026, at 04:03 UTC, the IWM signal was completed. The source of this data is venue-routed Alpaca aggregates from one upstream source, using only completed bars and excluding partial crypto data from September 12. The signal uses a 12-month return interval, which requires 253 out of 366 closes, and an ATR20, which is the simple mean true range over 20 days, a type of volatility measure. The data also includes a five-year rolling 60-day gain, which includes losses, and a percentile 90 value, which means 90% of observations are below this value. The levels are indicative of the last close, with no orders placed. The data includes the following information: the symbol is IWM, there are 1579 bars, the date is September 11, 2026, the close is 288.89, the 12-month return percentage is 23.46%, the simple moving average over 200 days is 273.17, the ATR20 is 3.07, the price is above a certain level, the percentile 90 value over 60 days is 12.82%, there are 1255 observations, the stop loss is 282.75, the target price is 325.94, the risk percentage is 2.13%, the reward to risk ratio is 6.03, the high over 20 days is 305.18, the data is not excluded, the rank is 3, the proposed notional allocation is 48.22, and the estimated quantity is 0.167. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=IWM&timeframe=1Day&feed=sip&adjustment=all

A news scan found the data line for QQQ, which is a type of investment fund, measured on 2026-09-12 at 04:03 UTC. The data came from Alpaca aggregates, which is a source of financial data, and only included complete trading days, excluding partial data from September 12 for cryptocurrency. The data looked at 12-month periods, which is 252 or 365 days, and needed 253 or 366 closing prices. ATR20, which means Average True Range over 20 days, was calculated as the simple mean true range. The data also included a five-year rolling gain, which includes both gains and losses, and the 90th percentile, which means 90% of the data points were below this level, over all observations. The levels given are based on the last closing price and do not include any orders. The data for QQQ included the following details: symbol QQQ, 1579 trading days, date 2026-09-11, close price 714.88, 12-month return 23.69878183831673%, simple moving average over 200 days 659.2565, ATR20 7.868424999999997, price above a certain level, 90th percentile over 60 days 16.16958533244174, number of observations 1255, stop price 699.14315, target price 830.4731316245595, risk percentage 2.2013274955237234, reward to risk ratio 7.3453792610693736, highest price over 20 days 734.58, not excluded, rank 2, proposed investment amount 48.22, and estimated quantity 0.06745188003581021. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=QQQ&timeframe=1Day&feed=sip&adjustment=all

A news scan found the following data: Measured on September 12, 2026, at 04:03 UTC, the SPY signal was completed. The source of this data is venue-routed Alpaca aggregates from one upstream source, using only completed bars and excluding partial crypto data from September 12. The signal uses a 12-month period with 252 return intervals out of 365 days, requiring 253 out of 366 closes. The Average True Range, or ATR, is a measure of volatility, calculated over 20 days. The five-year rolling 60-day gains include losses and are measured at the 90th percentile over all observations. The levels are indicative at the last close, with no orders placed. The data includes the symbol SPY, 1579 bars, a date of September 11, 2026, a close of 764.29, a 12-month return of 18.49%, a simple moving average of 712.05, an ATR of 5.45, and other technical indicators. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=SPY&timeframe=1Day&feed=sip&adjustment=all

A news scan found the filing: Aug 18 8-K. On August 3, a proposed 10-year contract for 40 million annual revenue with a possible backlog of 400 million was announced, with an increase of up to 40 megawatts within a 400 megawatt project. The Oversight Board revoked approval on August 14. PREPA then held all work on August 17. As of the filing, there was no formal termination notice. This means there is no assurance of revenue. On September 9, chemistry guidance was not proof of a power restart. The issuer reported on authority actions, which is not a fresh update as of September 12, but rather a preservation of the period. https://www.sec.gov/Archives/edgar/data/928054/000092805426000082/ftk-20260817.htm

A September 9 issuer presentation stated that for the first half of the year, international sales were 12.6 million, with a forecast of over 40 million for the second half. The company claims to be the primary fluid chemistry supplier for unconventional operations in Saudi Arabia, with an extended supply operation through mid-2027. The presentation also mentioned a DAQ2 Montana project valued at 5.9 million, with a potential annual value of 3.1 to 5.5 million per 40 megawatts, resulting in a 6 to 10 times return on investment for the customer, and 14 days of zero downtime. The company reported that 89 units were deployed or on order, compared to 25 active units at the end of 2025, although the units are measured in different ways. However, the terms of the deal with Saudi Arabia, including identity, exclusivity, price, volume, and payment, have not been fully disclosed, and the generic portal used by Aramco does not serve as proof of the FTK contract. https://www.sec.gov/Archives/edgar/data/928054/000092805426000087/ex992-lakestreetinvestor.htm

A news scan found the headline of ProFrac's Q2 '26 release, which reported debt of 1.10 billion and net debt of 1.08 billion, with liquidity of 72 million, including 14 million in cash, excluding FTK, and 58 million in Asset-Backed Loan, or ABL, which is a type of loan backed by assets. On July 1, a refinance of 300 million in ABL was made, with 243 million eligible and 173 million in borrowings, leaving about 71 million available. The parent company's report stated that 58 percent of FTK's Q2 revenue was intercompany, meaning it was between different parts of the same company. FTK's standalone revenue was computed to be 56.5 percent, which may reflect the consolidation basis, or the way the company combines its financial statements, and not an independent exact match. An affiliated source, which is not independent of FTK, said that the liquidity and refinance counter the assumption of an imminent default. https://ir.pfholdingscorp.com/sec-filings/all-sec-filings/content/0001104659-26-091463/tm2622356d1_ex99-1.htm

A document filed on March 16, 2026, for the year 2025, lists annual risk factors for FTK R91204. Traditional competitors and wholesalers selling directly to customers and low barriers to entry may lead to price competition. The company's raw materials can be sourced from multiple suppliers, but prices can be affected by tariffs, weather, and war, and suppliers may allocate their products, which means the company may not be able to pass on price increases and does not have protection against commodity price changes, known as commodity hedges. Some technical components from Verax DA are sole-sourced, meaning they can only be bought from one supplier, and are not easily replaceable. Although the company is trying to find multiple sources for some components, this does not change the fact that some components are sole-sourced. Currently, there are no notices of outages, long lead times, or allocation issues. https://www.sec.gov/Archives/edgar/data/928054/000092805426000020/ftk-20251231.htm

As of August 3, there were 36,220,429 common shares outstanding. In June 2022, warrants for 2,184,140 shares were issued with a nominal strike price plus a $4.5 million exercise fee. Six million warrants from April 2025 were already exercised on March 13, 2026, and should not be double counted. On June 30, the Asset-Based Loan, or ABL, was $10.4 million, with $4.402 million in cash and $6.6 million available. By August 3, availability was approximately $15 million. An amendment was made in July to extend the maturity date to October 31, 2026, with a 12-month extension option that requires at least 30 days' notice. The ABL has a $20 million cap, with 85% of eligible accounts receivable and 60% of inventory and real estate, at a prime rate plus 2%. The weighted average interest rate for the second quarter was 8.75%. An acquired asset was purchased for $107.5 million, compared to its book value of $15.1 million under common control, resulting in a $92.4 million reduction in equity. No conclusion was made regarding valuation fairness. https://www.sec.gov/Archives/edgar/data/928054/000092805426000080/ftk-20260630.htm

A March 12, 2026 agreement settles the 2025 shortfall. The gross amount is 27.4 million, which is less a 7.2 million offset and minor adjustments, resulting in 19.7 million. This includes 7.2 million in cash, with 5 million received in the first quarter and 2.2 million received in April, and a 12.5 million equipment credit. A credit of 3.0 million was used in the first half of the year, with the remainder expected in the second half and carryover allowed into 2027. The shortfall revenue for the first half of 2026 was 3.9 million, compared to 15.2 million in the prior period, and the 2026 minimums are not expected to be met. The ProFrac contract is for 10 years, with a minimum of greater than 70 percent of requirements for the first 30 fleets, and damages of 25 percent of purchase shortfall. The rental is fixed for the first 5 years and at market rate for the sixth year, with a contracted rental of 104.938 million through April 2030. ProFrac has 61 percent beneficial ownership, including warrants. https://www.sec.gov/Archives/edgar/data/928054/000092805426000080/ftk-20260630.htm

As of June 30, 2026, the company's revenue for the first half of the year was 63.8% from related customers. The accounts receivable, which is the amount of money customers owe the company, was 70.711 million from related parties and 43.415 million from external parties, compared to 64.204 million and 19.043 million, respectively, as of December 31. The company also had 9.521 million in equipment credit and 26.626 million in net inventory, compared to 10.629 million previously. There was no credit allowance for related parties. The external accounts receivable were mostly from customer A, which owed 14.894 million, or 34.3%, and customer C, which owed 8.528 million, or 19.6%. However, one counterparty from Saudi Arabia was anonymized and could not be identified. In terms of suppliers, the company spent 23.624 million, or 33.7%, with supplier A, and 7.808 million, or 11.2%, with supplier B in the second quarter. For the first half of the year, the company's purchases were 25.1% from supplier A, 12.4% from supplier B, and 11.8% from supplier D. This information is based on the closest issuer record. https://www.sec.gov/Archives/edgar/data/928054/000092805426000080/ftk-20260630.htm

The company FTK reported its revenue margins for the second quarter and the first half of the year. In the second quarter, the total revenue was 99.367 million US dollars, with 43.225 million US dollars coming from external sources and 56.142 million US dollars coming from related sources. The cost of goods sold, or COGS, which is the cost of producing the goods sold, was 75.584 million US dollars, resulting in a gross profit, or GP, of 23.783 million US dollars. For the first half of the year, the total revenue was 169.418 million US dollars, with 61.390 million US dollars coming from external sources and 108.028 million US dollars coming from related sources, resulting in a gross profit of 39.324 million US dollars. In comparison, for the second quarter of 2025, the total revenue was 58.350 million US dollars, with a gross profit of 14.407 million US dollars, and for the first half of 2025, the total revenue was 113.712 million US dollars, with a gross profit of 26.856 million US dollars. The gross margin percentages, which is the percentage of revenue that is gross profit, were 23.9 percent for the second quarter, compared to 24.7 percent, and 23.2 percent for the first half of the year, compared to 23.6 percent. The period ended on June 30 and the filing was made on August 4. https://www.sec.gov/Archives/edgar/data/928054/000092805426000080/ftk-20260630.htm