Notes

A news scan found the data line for ETH/USD on September 11, 2026, at 04:00 UTC. The data shows that the hour ending at 03:00 UTC was completed by 04:00 UTC, and the daily data is only available up to September 10. The details are as follows: the symbol is ETH, the hour ending at 03:00 UTC had a closing price of 2445.725, the highest price in the last 480 hours was 2565.9, and the highest price in the last 20 calendar days was also 2565.9. There were no signals from the rolling or calendar data. The daily closing price was 2436.8075, and the highest price in the last 20 days was 2565.9. The average true range over 14 days was 88.0135, and the risk distance was 7.1973 percent of two average true ranges. The distance to the calendar high was 4.9137 percent. No partial daily bar or 04:00 UTC hour was used. The risk distances are descriptive and not orders, and any target must include cost-aware three times the risk and measured-horizon plausibility. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the headline is not available, but a data line was collected on 2026-09-11 at 04UTC with 18 panels of information. The hour ending at 03UTC was completed by 04UTC, and the daily information is current only through September 10. The data includes information about the symbol BTC, with an hour close of 76864.9 at 2026-09-11 03:00:00+00:00, a rolling high of 82233.502538071, and a calendar high of 82233.502538071, with no signal from the rolling or calendar data. The daily close was 76535.875, with a prior 20-day high of 82233.502538071, an average true range of 2283.5704312907837 over 14 days, and a risk distance of 5.941776887215839 percent based on two times the average true range. The distance to the calendar high is 6.984465650864058 percent. No partial daily bar or 04UTC hour was used. The risk distances are descriptive and not orders, and any target must include cost-aware 3R, which refers to a risk-reward ratio, and measured-horizon plausibility, which refers to the likelihood of meeting a target within a certain time frame. https://runway.adityaperswal.workers.dev/data/crypto-bars

A direct primary public chart API was observed on September 11, showing the latest data for July 2026. The data revealed that in June, the total was 5939 kilotons at a rate of 197.966667 kilotons per day, and in July, the total was 6160 kilotons at a rate of 198.709677 kilotons per day. This represents a monthly increase of 3.721165 percent versus a daily increase of 0.375321 percent. The GCC totals were 276 kilotons in June and 293 kilotons in July, compared to 523 kilotons in July 2025, resulting in a daily increase of 2.734923 percent month-over-month and a decrease of 43.977055 percent year-over-year. The data is based on voluntary producer reports and non-reporter estimates, including China estimates, and only includes molten primary, excluding alloys and recycling. Revisions to the data are possible. The full monthly data from 2025 to July 2026 is stored in the note. It is noted that there is not independent corroboration of every EGA cell, which refers to a type of data cell used for tracking and analysis. https://alvis.international-aluminium.org/api/publication/?publication=primary-aluminium-production

The annual risk factor review for AA R91104 found the following: in the fiscal year 2025, there were concerns about long-term contracts for energy and raw materials, which can limit the ability to adjust capacity. Additionally, non-market capacity policies, substitution, and competitive global alumina prices can affect prices. It was noted that no single supplier's share was quantified, and it was decided not to create one. https://www.sec.gov/Archives/edgar/data/1675149/000119312526077167/aa-20251231.htm

The report includes information about three locations: Sebree, MtHolly, and Grundartangi. Sebree has a capacity of 220kt and produces 3,372,600 MWh per year. MtHolly has a capacity of 230kt and produces 3,504,000 MWh per year. Grundartangi has a capacity of 320kt and produces 4,756,680 MWh per year. The total usage is 11,633,280 MWh per year. There is a discrepancy in the costs sensitivity, with a printed total of 15.9 million USD per 1 million MWh, which does not match the listed total of 3.4 + 3.5 + 4.8 = 11.7 million USD per 1 million MWh, and actual usage of 11.63328 million. The calculations should use the individual row for Sebree, and the full capacity, not the actual production. Additionally, the report mentions that Glencore has an alumina production of 500kt per year through 2028, linked to the London Metal Exchange, and Concord has a production of 540kt per year through 2029, with a mixed formula. https://www.sec.gov/Archives/edgar/data/949157/000162828026013788/cenx-20251231.htm

The issuer reported on August 5 for the quarter that ended on June 30. The Oswego hot mill was restarted in early June and is still ramping up, which resulted in a shipment hit of 33 kilotons. The earnings before interest, tax, depreciation, and amortization, or EBITDA, were 516 million dollars, which includes a net benefit of 18 million dollars from insurance timing. The operating cash flow was negative 455 million dollars, and the adjusted free cash flow was negative 1.1 billion dollars, resulting in a net leverage of 4.5 times. Commissioning is underway at Bay Minette. It is possible to have a positive rent and a negative cash flow in the same quarter. This is an example from an independent company, not a causal stock study, and is separate from CSTM. https://investors.novelis.com/news-events/press-releases/detail/1425/novelis-reports-first-quarter-fiscal-year-2027-results

The issuer's second quarter results for July 2022 show net sales of $1256.6 million, compared to $823.1 million, with hedged alloy metal sales of $819.6 million, up from $448.9 million. Conversion revenue was $437 million, up from $374.2 million. The hedged alloy cost had a direct passthrough of 83% higher. In the first half of the year, the company had working capital funding of $118 million and capital expenditures of $44 million. The full year guidance excludes the continuing metal lag tailwinds. This information contradicts the idea that all customers immediately absorb higher costs, which is a claim made without evidence by some fabricators. https://investors.kaiseraluminum.com/news-events/press-releases/detail/440/kaiser-aluminum-corporation-reports-record-second-quarter-2026-financial-results

A news scan found the headline related to the CSTM R91104 Annual supplier structure. The FY2025 10K report, which is a yearly financial report, shows that the top 10 metal suppliers make up 49% of the purchase volume. The company has annual and multi-year contracts for primary, remelt, scrap, and alloy supplies. The goal is to achieve metal neutrality through a method called passthrough, which means passing on the cost of metal price changes to customers, and hedging, which is a way to manage risk. The company also has specialized relationships with qualified suppliers. Additionally, increasing recycling efforts reduces the need for external slab supplies. However, the report does not provide information on the current share of suppliers from the Emirates Global Aluminium, or EGA, or guarantee that there will be no shortages. https://www.sec.gov/Archives/edgar/data/1563411/000156341126000057/cstm-20251231.htm

The issuer reported on July 29 that the company's adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, for the second quarter was 439 million, which includes 129 million in non-cash metal lag, a term that refers to the delay between when a company buys or sells metal and when it actually pays or receives cash for it. If we exclude this metal lag, the company's EBITDA was 310 million, compared to 165 million in the revised comparative period for 2025. The company shipped 381 thousand tons of metal, which is a 1 percent decrease from the same period last year. The company's cash flow from operations was 161 million and its free cash flow was 90 million. For the first half of the year, the company's free cash flow was 95 million. The company forecasts that its full-year free cash flow will be more than 300 million and its EBITDA, excluding the metal lag, will be between 980 and 1020 million. Management reported that the company benefited from shortages in the automotive industry and from recycling. The company also noted that the price lag, which is the difference between the price of metal when it is bought or sold and the price when it is actually paid for, does not equal the recurring cash, or the cash that the company expects to receive regularly. Additionally, the company stated that the attribution of certain benefits to the Oswego facility is an inference, or a conclusion based on evidence, rather than an actual allocation of funds by the issuer. https://www.sec.gov/Archives/edgar/data/1563411/000156341126000190/a2026-q2xearningspressre.htm

A downloaded PDF's title and abstract were used to identify the correct date as September 2011 only. The earlier phrase'revised April 2013' in observation 24104 was not supported and is withdrawn, so the September 2011 vintage should be used. The core industry decomposition and the 1982–2009 sample remain unchanged. https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr513.pdf

A news scan found the following data line for BFRI BFRI911 computed cash: net working capital source is 2.1609999999999996, pre working capital cash flow is -3.8889999999999993, cash flow excluding related paydown is 1.986, third party accounts payable source is 2.461, cash flow excluding both accounts payable changes is -0.47499999999999987, monthly pre working capital burn is 0.6481666666666666, cash months pre working capital is 7.187966058112626, cash months reported is 16.177083333333332, current ratio is 1.1796793473105018, earnout at 65 is 7.8, earnout at 65 01 is 9.7515, earnout step is 1.9515000000000002, and revenue required offset step is 2.5344155844155845. https://www.sec.gov/Archives/edgar/data/1858685/000149315226037834/form10-q.htm

A data scan found the following backtest results for BFRI BFRI911: the results are presented in a list of four sets of data, each representing a different test scenario. The first scenario, with a window called train and slippage of 25 basis points, had a return of -96.86978389282203 percent, a drawdown of 97.23930879674035 percent, and a win rate of 17.91044776119403 percent, based on 134 samples. The second scenario, also with a train window but with slippage of 45 basis points, had a return of -98.1685732622006 percent, a drawdown of 98.34604521965086 percent, and the same win rate, based on the same number of samples. The third scenario, with a window called holdout and slippage of 25 basis points, had a return of -52.212330001396104 percent, a drawdown of 74.97120068315613 percent, and a win rate of 29.72972972972973 percent, based on 74 samples. The fourth scenario, with a holdout window and slippage of 45 basis points, had a return of -64.45626423131446 percent, a drawdown of 79.87362001939641 percent, and a win rate of 28.37837837837838 percent, also based on 74 samples. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=BFRI&feed=sip&adjustment=all

A news scan found the following data for BFRI: it has 1176 bars, the last update was on 2026-09-10 04:00:00+00:00, the close price is 1.46. The Simple Moving Average, or SMA, which is a calculation to smooth out price data over a certain period, for 20 days is 1.4787499999999998, for 50 days is 1.2745, and for 200 days is 0.9915795. The Relative Strength Index, or RSI, which measures the speed and change of price movements over 14 days is 53.44311231206737. The Average Daily Range, or ADR, which is the average price range over 20 days is 0.11005500000000001. The Average True Range, or ATR, which measures the volatility of an asset over 14 days is 0.10702857142857146. The return over 20 days is 16.799999999999994 percent. The average volume over 20 days is 737403.75, and the average dollar volume is 1079662.7682500002. The Realized Volatility, or RV, which measures the actual price fluctuations over 20 days is 55.823505088018265 percent. The worst gap percentage, which is the largest percentage difference between two consecutive prices, is -21.739130434782606 percent. https://runway.adityaperswal.workers.dev/data/stock-bars?symbols=BFRI&feed=sip&adjustment=all

A news scan found the headline is not available, but a data line was retrieved on September 11 at 04 UTC. The underlying stock closed at 7.54 on September 10. The option is a standard American option with a multiplier of 100 and a size of 100. The catalog dates are September 8 and 9, but the actual data is from September 10 and is a delayed trade, not a current ask or synchronous stock close. The option has a symbol of BB261016C00008000, a strike price of 8, and a premium of 0.51, which is 51 dollars. The bar data shows a close of 0.51, a high of 0.61, a low of 0.48, 44 trades, an open of 0.55, a timestamp of 2026-09-10T04:00:00Z, a volume of 898, and a volume-weighted average of 0.567428. The hurdle percentage is 12.864721485411138, and the coverage is 2, with a train coverage of 1 and a holdout coverage of 1. The intrinsic mean x is 0.586688140797872, and the intrinsic max x is 2.6204763784708507. The intrinsic payoffs are listed as 0, 0, 0, 0.3588235294117652, 0, 1.3364429530201338, 0, 0.48032332563510494, 0.21100702576112518, 0, 0.15943342776203906, and 1.0445011600928087. The gross 4x count is 0, and the affordable 6 pct is true. Fees and spread are excluded from the break-even, and the executable option PnL cannot be claimed. The absolute 6 percent is 51.0594, the conviction 5 percent is 42.5495, and the normal 3 percent is 25.5297. The initial end date-only produced 403, and the explicit 03:30 UTC delayed cutoff succeeded with 200. option_contracts BB catalog ; https://runway.adityaperswal.workers.dev/data/option-bars ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline about a delayed option hurdle and twelve earnings coverage for BB261009P00007500. Retrieved on September 11 at 04 UTC, the underlying stock closed at 7.54 on September 10. The option has a strike price of 7.5 and a premium of 0.57, which is 56.99 dollars. The latest trade data is from September 10 at 04:00 UTC, with a close price of 0.57, high of 0.57, low of 0.52, and volume of 29. The hurdle percentage is 8.09, with an earnings coverage of 3, which is divided into train coverage of 2 and holdout coverage of 1. The intrinsic mean is 0.37 and the intrinsic max is 1.64. The intrinsic payoffs are listed as 0.0392, 0.9163, 0, 0, 0.0194, 0, 0.6473, 0, 0, 0.9352, 0, 0. Fees and spread are excluded from the break-even calculation, and the option PnL is not executable. The absolute values are 51.0594 at 6 percent, 42.5495 at 5 percent conviction, and 25.5297 at 3 percent normal. The initial end date produced 403, and the explicit 03:30 UTC delayed cutoff succeeded with 200. option_contracts BB catalog ; https://runway.adityaperswal.workers.dev/data/option-bars ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline is not available, but a data line was retrieved on September 11 at 04 UTC. The underlying stock closed at 7.54 on September 10. The option is a standard American option with a multiplier of 100 and a size of 100. The catalog dates are September 8 and 9, but the actual data is from September 10 and is a delayed trade, not the current ask price or synchronous stock close. The option has a symbol of BB261002P00007500, a strike price of 7.5, and a premium of 0.52, which is 52 dollars. The bar data for this option on September 10 at 04:00:00 UTC is as follows: the close price was 0.52, the high price was 0.53, the low price was 0.46, there were 11 trades, the open price was 0.51, the volume was 29, and the volume-weighted average price was 0.510345. The hurdle percentage is 7.427055702917773 percent, the earnings coverage is 3, the train coverage is 2, and the holdout coverage is 1. The intrinsic mean is 0.4098248049701551 and the intrinsic maximum is 1.7983656066796954. The intrinsic payoffs are 0.039201680672269035, 0.9162926829268283, 0, 0, 0.01937007874015695, 0, 0.6472922252010722, 0, 0, 0.9351501154734416, 0, and 0. The gross 4x count is 0 and it is not affordable at 6 percent. The break-even points are 51.0594 at 6 percent absolute, 42.5495 at 5 percent conviction, and 25.5297 at 3 percent normal. The initial end date-only produced 403, and the explicit 03:30 UTC delayed cutoff succeeded with 200. option_contracts BB catalog ; https://runway.adityaperswal.workers.dev/data/option-bars ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline is not available, but a data line was retrieved on September 11 at 04 UTC. The underlying stock closed at 7.54 on September 10. The option is an American-style option, which means it can be exercised at any time before expiration, with a multiplier of 100 and a size of 100. The catalog dates are September 8 and 9, but the actual data is from September 10 and is a delayed trade, not the current ask price or synchronous stock close. The option details are as follows: the symbol is BB261002P00007000, the strike price is 7, the premium is 0.32, and the premium in dollars is 32. The bar data shows the close price was 0.32, the high price was 0.32, the low price was 0.28, the number of trades was 7, the open price was 0.28, the timestamp was September 10, 2026, at 04:00:00 UTC, the volume was 106, and the volume-weighted average price was 0.318679. The hurdle percentage is 11.40583554376658, the earnings coverage is 2, the train coverage is 1, and the holdout coverage is 1. The intrinsic mean is 0.2600872457295162, and the intrinsic maximum is 1.359844110854505. The intrinsic payoffs are listed as 0, 0.4162926829268283, 0, 0, 0, 0, 0.1472922252010722, 0, 0, 0.4351501154734416, 0, 0. The gross 4x count is 0, and it is affordable at 6 percent. Fees and spread are excluded from the break-even calculation, and the executable option profit and loss cannot be claimed. The absolute values are 51.0594 at 6 percent, 42.5495 at 5 percent, and 25.5297 at 3 percent. The initial end date produced 403, and the explicit 03:30 UTC delayed cutoff succeeded with 200. option_contracts BB catalog ; https://runway.adityaperswal.workers.dev/data/option-bars ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the following data on September 11 at 04:00 UTC. The underlying stock closed at 7.54 on September 10. The option has a strike price of 8 and a premium of 0.4, which is 40 dollars. The option details are as follows: the option is an American option, which means it can be exercised at any time before expiration, with a multiplier of 100 and a size of 100. The latest trade data available is from September 10, but it is delayed and not current. The trade data shows the option's price was between 0.39 and 0.48, with a close of 0.4, and a volume of 86. The hurdle percentage, which is the percentage return needed to overcome costs, is 11.405835543766582 percent. The earnings coverage, which is the number of times earnings can cover costs, is 3, with 2 from training data and 1 from holdout data. The intrinsic mean and maximum values are 0.7480273795172868 and 3.3411073825503346 respectively. The intrinsic payoffs are listed as follows: 0, 0, 0, 0.3588235294117652, 0, 1.3364429530201338, 0, 0.48032332563510494, 0.21100702576112518, 0, 0.15943342776203906, 1.0445011600928087. The gross 4x count is 0, and the option is affordable at a 6 percent rate. The break-even points are 51.0594 at 6 percent absolute, 42.5495 at 5 percent conviction, and 25.5297 at 3 percent normal. The initial end date produced 403, and the explicit 03:30 UTC delayed cutoff succeeded with 200. option_contracts BB catalog ; https://runway.adityaperswal.workers.dev/data/option-bars ; https://runway.adityaperswal.workers.dev/data/stock-bars

On September 10, the issuer stated that the upcoming earnings date is Thursday, September 24, 2026, at 8:00 a.m. ET, which is the end of the fiscal quarter 2 of the fiscal year 2027, that ended on August 31. This information was retrieved on September 11 at approximately 04 UTC. The issuer plans to schedule the reporting and call together, but based on the prior release on June 25 at 06:58, it is possible that the first news may be released before the call. The default plan is to exit any future position on September 23 during regular trading hours. The expiry date of October 2 is 8 calendar days after the event, which is a minimum of 7 days. The dates of December 17 and April 8 are targets only. A direct issuer archive was found to be empty, with a 200 status code, but a full issuer-distributed Access release was recovered using the web. https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/blackberry-to-announce-fiscal-second-quarter-2027-results-on-sept-1216954

A news scan found the announcement date of Thursday, 25 June 2026 06:58 AM. This is the date the company made an announcement, which is also the end of a fiscal period. The quotes show how the stock price changed during this time. The session is called BMO, which is a type of stock market session. The call, or announcement, is different from the first release of information. The data used to analyze the stock price includes all daily bars from January 2023 to September 10, 2026, with a cutoff time of 03:30 UTC, and no pagination, which means the data is not divided into separate pages. The response to the news was measured from before the news was released to after it was released, and the sensitivity to the opening price was also saved. The stock price changed as follows: on June 24, 2026, the price was 8.62, and on June 25, 2026, the price opened at 9.72 and closed at 10.34, which is a 12.76% increase from the opening price and a 19.95% increase from the previous close. The SPY, which is a type of stock market index, increased by 0.14%. The data was analyzed over 12 consecutive quarters, with the first 8 quarters used for training and the last 4 quarters used for testing. The pre-announcement period in September 2023 was analyzed separately, without using any information that was not available at the time. https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/blackberry-reports-first-quarter-fiscal-year-2027-results-1181857 ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the announcement date for BB's earnings to be Thursday, April 9, 2026, at 07:00 AM. This is the date the company released its financial report, which is also the start of the fiscal period mentioned in the report. The quotes provided show the stock's performance during this time, with the session referred to as BMO, which means before market open, a time when trading happens before the main market opens. The call, or conference call, is a separate event from the initial release of the report. The data used to analyze the stock's performance includes all daily bars, or trading periods, from January 2023 to September 10, 2026, with a cutoff time of 03:30 UTC, and no pagination, meaning all the data is shown at once. The response to the news was measured from before the news was released to after it was released, with a focus on the opening and closing prices. The data shows that on April 9, 2026, the stock's price changed as follows: the pre-close price on April 8, 2026, was 3.53, the post-open price on April 9, 2026, was 3.82, and the post-close price on April 9, 2026, was also 3.82, representing an 8.21529745042493 percent increase in both the open and close prices, compared to a 0.576920224835753 percent change in the SPY, or Standard and Poor's 500 index, which is a measure of the overall stock market. The analysis used 12 consecutive quarters of data, with the first 8 quarters used for training and the last 4 quarters used as a holdout, or test, sample. The pre-announcement period in September 2023 was treated separately, without using any information that was not available at the time, to avoid hindsight bias, which means making decisions based on information that was not available at the time. https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/blackberry-reports-fourth-quarter-and-full-fiscal-year-2026-resul-1155999 ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the announcement date of Thursday, December 18, 2025, at 05:05 PM. This is the date of the earnings release, which is also the fiscal period named in the release. The quotes identify the session as AMC, which means after market close, and this call is distinct from the first release. A SIP adjustment, which refers to a process to adjust stock prices, was made to all daily bars, using full data from 925 bars from January 2023 to September 10, 2026, with a cutoff at 03:30 UTC, and no pagination. The response was fixed before the news close to the first post-news close, and open sensitivity was also saved. The data shows that on December 18, 2025, the pre-close price was 4.33, and on December 19, 2025, the post-open price was 4.08, and the post-close price was 3.77. This represents an open percentage change of -5.77% and a close percentage change of -12.93%, compared to the SPY percentage change of 0.91%. The data was sampled over 12 consecutive quarters, with the first 8 quarters used for training and the last 4 quarters used for holdout. There was a suspected pre-announcement in September 2023, but no hindsight remapping was done. https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/blackberry-reports-third-quarter-fiscal-year-2026-results-1119193 ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the announcement date of Thursday, September 25, 2025, at 07:00 AM. This is the date when the issuer released the information. The quotes show the session, which is called BMO, and this call is different from the first release. The data used for analysis includes all daily bars from January 2023 to September 10, 2026, with a cutoff time of 03:30 UTC, and no pagination was used. The response to the news was fixed before the news closed and after the news closed, and the sensitivity to the open was also saved. The data shows that on September 25, 2025, the pre-close price was 4.27, the post-open price was 4.31, and the post-close price was 4.65. The percentage change from open to close was 0.936768149882905 and 8.899297423887598, while the SPY percentage change was -0.4621438594350491. The analysis used 12 consecutive quarters, with the first 8 quarters used for training and the last 4 quarters used for holdout. A suspected pre-announcement in September 2023 was analyzed separately, without using hindsight to remake the data. https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/blackberry-reports-second-quarter-fiscal-year-2026-results-1078030 ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the announcement date of Tuesday, 24 June 2025, with a distribution timestamp of 05:05 PM. This is the date of the fiscal period mentioned in the release. The quotes are for a specific session, and the call is different from the first release. A Securities Information Processor, which is a system that collects and distributes market data, made an adjustment to all daily bars, using full data from 925 bars from January 2023 to September 10, 2026, with a cutoff time of 03:30 UTC, and no pagination. The response to the news was fixed before the market closed and after the market closed, and the sensitivity to the open was also saved. On June 24, 2025, the session was AMC, and the pre-close price was 4.33. The post-close price on June 24, 2025, and the post-open price on June 25, 2025, were 4.87 and 4.81, respectively. The percentage change from the open was 11.085450346420323 percent and from the close was 12.471131639722866 percent, while the S&P 500, which is a stock market index, changed by 0.0566572237960416 percent. The data was sampled over 12 consecutive quarters, with the first 8 used for training and the last 4 held out. There was a suspected pre-announcement in September 2023, which was treated separately, with no hindsight remapping. https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/blackberry-reports-first-quarter-fiscal-year-2026-results-1042649 ; https://runway.adityaperswal.workers.dev/data/stock-bars