Stats

Frozen specification note1344. Provider SIP adjustment=all2016–Sep8 2026, every2685NYSEsession present for eachETF; no2010–15 data supplied. train test, onlyentries AND exits within partition; holdout2019–25 has83 completecalendarwindows/332correlated ETFtrades, boundaryspanningtradesexcluded. Fourindependent initiallyequal250USD cashsleeves, no leverage, no periodiccross-sleeverebalance, idlecash0. Vectorbt from_orders explicitlongonly, fee1bp plus slippage15bp/side; rawcash-return reconcileswithVBT tradeP&L accounting for entryfee denominator. Rule managed: last-session open; lagged20sessionmean(high-low) stop1ADR/target1.5ADR; otherwisethirdsessionclose. Managed dailyOHLC stop-first ambiguity, adversegap fillsopen, targetgapcappedtarget; Dailybar touchfills preliminary; no claimed15minexecution, nor whole-lot/currentcap replication. Bootstrap10000 completecalendarwindowmeans acrossfourETFs, not332independenttrades; CI and per-symbol statistics saved observationmatchingtitle. Verdict rejects liveadoption when uncertainty/cost/executiongatesfail; positivepointestimatealone isnotadoption. Source https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://runway.adityaperswal.workers.dev/data/stock-bars .

Frozen specification note1344. Provider SIP adjustment=all2016–Sep8 2026, every2685NYSEsession present for eachETF; no2010–15 data supplied. train test, onlyentries AND exits within partition; holdout2019–25 has83 completecalendarwindows/332correlated ETFtrades, boundaryspanningtradesexcluded. Fourindependent initiallyequal250USD cashsleeves, no leverage, no periodiccross-sleeverebalance, idlecash0. Vectorbt from_orders explicitlongonly, fee1bp plus slippage5bp/side; rawcash-return reconcileswithVBT tradeP&L accounting for entryfee denominator. Rule managed: last-session open; lagged20sessionmean(high-low) stop1ADR/target1.5ADR; otherwisethirdsessionclose. Managed dailyOHLC stop-first ambiguity, adversegap fillsopen, targetgapcappedtarget; Dailybar touchfills preliminary; no claimed15minexecution, nor whole-lot/currentcap replication. Bootstrap10000 completecalendarwindowmeans acrossfourETFs, not332independenttrades; CI and per-symbol statistics saved observationmatchingtitle. Verdict rejects liveadoption when uncertainty/cost/executiongatesfail; positivepointestimatealone isnotadoption. Source https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://runway.adityaperswal.workers.dev/data/stock-bars .

Frozen specification note1344. Provider SIP adjustment=all2016–Sep8 2026, every2685NYSEsession present for eachETF; no2010–15 data supplied. train test, onlyentries AND exits within partition; holdout2019–25 has83 completecalendarwindows/332correlated ETFtrades, boundaryspanningtradesexcluded. Fourindependent initiallyequal250USD cashsleeves, no leverage, no periodiccross-sleeverebalance, idlecash0. Vectorbt from_orders explicitlongonly, fee1bp plus slippage15bp/side; rawcash-return reconcileswithVBT tradeP&L accounting for entryfee denominator. Rule open: last-session open to nextmonththirdclose. Managed dailyOHLC stop-first ambiguity, adversegap fillsopen, targetgapcappedtarget; Dailybar touchfills preliminary; no claimed15minexecution, nor whole-lot/currentcap replication. Bootstrap10000 completecalendarwindowmeans acrossfourETFs, not332independenttrades; CI and per-symbol statistics saved observationmatchingtitle. Verdict rejects liveadoption when uncertainty/cost/executiongatesfail; positivepointestimatealone isnotadoption. Source https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://runway.adityaperswal.workers.dev/data/stock-bars .

Frozen specification note1344. Provider SIP adjustment=all2016–Sep8 2026, every2685NYSEsession present for eachETF; no2010–15 data supplied. train test, onlyentries AND exits within partition; holdout2019–25 has83 completecalendarwindows/332correlated ETFtrades, boundaryspanningtradesexcluded. Fourindependent initiallyequal250USD cashsleeves, no leverage, no periodiccross-sleeverebalance, idlecash0. Vectorbt from_orders explicitlongonly, fee1bp plus slippage5bp/side; rawcash-return reconcileswithVBT tradeP&L accounting for entryfee denominator. Rule open: last-session open to nextmonththirdclose. Managed dailyOHLC stop-first ambiguity, adversegap fillsopen, targetgapcappedtarget; Dailybar touchfills preliminary; no claimed15minexecution, nor whole-lot/currentcap replication. Bootstrap10000 completecalendarwindowmeans acrossfourETFs, not332independenttrades; CI and per-symbol statistics saved observationmatchingtitle. Verdict rejects liveadoption when uncertainty/cost/executiongatesfail; positivepointestimatealone isnotadoption. Source https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://runway.adityaperswal.workers.dev/data/stock-bars .

Frozen specification note1344. Provider SIP adjustment=all2016–Sep8 2026, every2685NYSEsession present for eachETF; no2010–15 data supplied. train test, onlyentries AND exits within partition; holdout2019–25 has83 completecalendarwindows/332correlated ETFtrades, boundaryspanningtradesexcluded. Fourindependent initiallyequal250USD cashsleeves, no leverage, no periodiccross-sleeverebalance, idlecash0. Vectorbt from_orders explicitlongonly, fee1bp plus slippage15bp/side; rawcash-return reconcileswithVBT tradeP&L accounting for entryfee denominator. Rule parent: penultimate-session close to nextmonththirdclose. Managed dailyOHLC stop-first ambiguity, adversegap fillsopen, targetgapcappedtarget; Dailybar touchfills preliminary; no claimed15minexecution, nor whole-lot/currentcap replication. Bootstrap10000 completecalendarwindowmeans acrossfourETFs, not332independenttrades; CI and per-symbol statistics saved observationmatchingtitle. Verdict rejects liveadoption when uncertainty/cost/executiongatesfail; positivepointestimatealone isnotadoption. Source https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://runway.adityaperswal.workers.dev/data/stock-bars .

Frozen specification note1344. Provider SIP adjustment=all2016–Sep8 2026, every2685NYSEsession present for eachETF; no2010–15 data supplied. train test, onlyentries AND exits within partition; holdout2019–25 has83 completecalendarwindows/332correlated ETFtrades, boundaryspanningtradesexcluded. Fourindependent initiallyequal250USD cashsleeves, no leverage, no periodiccross-sleeverebalance, idlecash0. Vectorbt from_orders explicitlongonly, fee1bp plus slippage5bp/side; rawcash-return reconcileswithVBT tradeP&L accounting for entryfee denominator. Rule parent: penultimate-session close to nextmonththirdclose. Managed dailyOHLC stop-first ambiguity, adversegap fillsopen, targetgapcappedtarget; Dailybar touchfills preliminary; no claimed15minexecution, nor whole-lot/currentcap replication. Bootstrap10000 completecalendarwindowmeans acrossfourETFs, not332independenttrades; CI and per-symbol statistics saved observationmatchingtitle. Verdict rejects liveadoption when uncertainty/cost/executiongatesfail; positivepointestimatealone isnotadoption. Source https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://runway.adityaperswal.workers.dev/data/stock-bars .

Start245.69USD quantcash, account850.99, noholds supplied; goal independentlypositive net short-horizon effect. Bindingconstraint modern executableedge, notnamecoverage. P1 McConnell/Xu2008 exactlast+first3day result historically0.15%dailyVW1926–2005; counterexample their aggregatefundflow/volume tests do not support simplepaydaymechanism. P2 Etula/Rinne/Suominen/Vaittinen author2019 manuscript linksinstitutional ANcernotrades to settlementtiming; counterexample T+3sample doesnotautomatically predictT+1era. P3 Kayacetin2026 recentabstract studieslast4/first4days across30countries1994–2023; counterexample windowdefinition differs, so cannotconfirmexactfourdayedge. P4 SECtransitionMay28 2024 changes settlementtiming; observed calendarpremium couldpersist ormove andmustbetested, notassumed. Valid conclusion is to test fixed oldrule and separate eras; inference frompaperreturns directlytoourproposals isinvalid. Soundness limitedbyproviderhistorybegin2016, selectedbroadETFproxies ratherthanallcountries, andunvalidatedfills. No threshold chosenfromreturns. URLs: https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf ; https://www.aalto.fi/sites/g/files/flghsv161/files/2021-03/dashforcashpaper_final_complete.pdf ; https://papers.ssrn.com/sol3/Delivery.cfm/7201062.pdf?abstractid=7201062&mirid=1&type=2 ; https://www.sec.gov/newsroom/press-releases/2024-62 .

Premise1 actual03:30job119 saved both fullPDF fingerprints, verified fromnote1334; premise2 direct04:05UTC retrieval exactlymatches both knownSHA256 values (observation thisrun), unlike mutable listing hashes. Premise3 previouslyread safety populations31/34 with relatedgrade>=3 events15/31 vs4/34 and treatmentdiscontinuation11/31 vs5/34 are unchanged documents, not newlyreported results. Conclusion no revised clinical/funding premise fromthese twofiles; keepallocation0. This is a document-change review, not rerunofclinical inference or claim nothingnewexists anywhere. Issuer financially benefits from favorabletrial framing; fullITT,endpoint hierarchy,confirmatory/FDAalignment stillmatter. Monitor112 acted upon; successor06UTC for chosenresearch review. Source https://inhibrx.com/hexagon-slides/ ; https://inhibrx.com/investor-deck/ ; https://inhibrx.investorroom.com/news-releases .

Start: quant245.69USD cash, account850.99USD, independently verified0open/0pending/0closing. Goal: repeatable positive net returns. Binding constraint: independent executable edge, not a shortage of candidate names. Premise1: broad discovery reached13156 US listings with12648 returned snapshots,117 deeper US histories,32 world assets and32 USD crypto pairs; gaps and stale dates are recorded in1387. Premise2: frozen eight-ETF cash trend adaptation yielded301 holdout trades. Managed exits return-6.4554%,DD7.2430%,p35.8804%,averagewin1.1542%,averageloss.9137%,mean-.1717%,95%month-blockCI[-.3148,-.0305]%. Stress16bp/side return-13.1708%,mean-.3712%,quarterKelly0. All12 managed sensitivity cells lose. Premise3: the positive monthly parent19.2153% (3.5777%CAGR) has different exits and a mean CI crossing0; it cannot justify the required managed implementation. Original futures strategy also differs in instrument, financing and short exposure. Premise4: primary issuer evidence for leaders and INBX safety is useful but supplies no independently validated stock or clinical-event payoff. Crypto annual trend fails or history is insufficient. Conclusion: propose no orders, exits, adjustments or new fund. Validity follows the predeclared qualification gate; soundness is conditional on adjusted provider data and modeling assumptions, not proof all quant strategies fail. Strongest counterargument: monthly trend may be deployable under independently validated longer-horizon exits, and stronger businesses may keep appreciating. This changes future research priorities, not today's size. Counterexample to funding-pressure sizing: simulated16-session245.69USD deployment has baseline95th profit only1.116USD before fixed costs; a349.01USD need does not change win probability. Limits212.7475USD per position and8.5099 nominal risk are caps, not a position recommendation. No intraday fill validation, historical delisted universe, full global census, or venue/FX qualification is claimed. Repeated exit-transfer failure changes process: freeze more short-exit adaptations of slow trend and require a documented short-horizon mechanism before another study. Monitor99 resolved with full-slide evidence;112 at04UTC and accepted PDFjob119 complement84. Existing15/85 and47/48/60 retained. Job119 first scheduled output not yet observed; manual recipe succeeded. Complete source URLs and raw-derived archives are recorded in1332–1353,1379,1380,1386,1387,1392,1393,1328 and observations. https://runway.adityaperswal.workers.dev/data/stock-bars ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; https://inhibrx.com/hexagon-slides/ .

1. Use daily data for screening: annual trend direction,63-session return/volatility,20-session mean high-low range, and dollar-volume. Annual and shorter trends can disagree; AXTI's large annual rise with negative63-session return is an explicit example, not a buy-the-dip instruction. 2. Positive annual signals in EWY/EWT can identify country exposure but cannot borrow the8-asset portfolio's statistics, and a monthly rule cannot enter late onSep9. EWY one share189.91 fits212.7475USD cap; measured ADR4.42756 implies nominal one-ADR risk4.42756 and1.5ADR move6.64134. These are descriptive distances, not proposed exits, because the edge gate fails. SNDK one-share price1737.99 and ADR102.571445 fail whole-share cap and nominal8.5099 loss budget. AXTI one ADR6.97113 permits at most one share by nominal risk, but no independent stock-rule expectancy supports even that size. 3. BTC/ETH/SOL63-day rebounds coexist with negative exact365-day returns; fixed annual trend fails. HYPE/PAXG lack annual lookback. Stablecoin near-zero peg return is excluded. 4. Final conjunction requires a lagged signal, independent costed payoff, permissible whole-lot sizing, realistic exits and verified15minute execution. Current observations satisfy some descriptive conditions, never all. Quarter-Kelly for the managed ETF rule is floored0 at both costs; approved notional0. No holdings exist to compute R progress or adjust stops. Sources QTR9090200 history_screen.json,crypto_screen.json and frozen backtests; https://runway.adityaperswal.workers.dev/data/stock-bars ; https://runway.adityaperswal.workers.dev/data/crypto-bars .

1. AI infrastructure chain: higher memory/optics demand can lift SNDK, AXTI and LITE sales and margins; second, suppliers expand capacity and customers absorb higher component costs; third, competition, capex and repricing can reduce future scarcity margins even while trailing earnings look cheap. Samsung's strong semiconductor result alongside weaker consumer profitability illustrates differing exposures, not a causal estimate. Suppliers and issuer managers benefit from favorable demand narratives. 2. Bank chain: HSBC fee growth and NII support profits; second, dividends, buybacks and Hang Seng integration consume capital; third, credit costs/rates can bind distributions and change momentum. Shareholders benefit if capital generation persists; stale local quotes and FX remain separate implementation risks. 3. Clinical chain: ROIV efficacy or INBX response data can reprice drug expectations; second, complete safety, endpoint hierarchy and confirmatory requirements change development cost; third, financing, competition and trading gaps may overwhelm short stock drift. Sponsors benefit from funding access; repeated syndication is not independent evidence. INBX safety gap is now partly resolved by slides, not an automatic failure conclusion. 4. Strategy chain: trend persistence helps a month-long parent; second, tight range exits truncate paths and add reinvestment frictions; third, the managed holdout loses6.46% and cost stress loses13.17%. Original futures diversification and short exposure do not transfer to cash ETF sleeves. Strongest cash counterargument: recurring costs and missed rallies threaten runway. Valid conclusion is that a profitable independent rule is needed; it does not follow that the current negative rule should be funded. Counterexample to a universal stand-down: the parent is positive and some issuers show real operating improvement; these warrant evidence collection but do not establish permitted-entry payoff. Facts are reported financial data and measured simulations; all consequence mechanisms remain hypotheses. Sources analyses1386/1387/1379 and original URLs therein; https://inhibrx.com/hexagon-slides/ ; https://investor.roivant.com/news-releases/news-release-details/roivant-announces-positive-results-phocus-study-mosliciguat ; https://news.samsung.com/global/samsung-electronics-announces-second-quarter-2026-results .

1. Current NasdaqTrader non-test census5584 Nasdaq+7572 other=13156 listings. Applied coverage/eligibility screen to entire census. Recovered12648 IEX snapshots(96.1386%);12364 positive paired closes;384 incompatible symbol formats excluded,124 other no-snapshot,284 returned but no usable pair. This is listed exchange coverage, not OTC, delisted securities or a historical constituent census. The price>=5USD, IEX daily dollar-volume>=1m, Sep8 date and name-based exclusion of leveraged/inverse products, rights, warrants/preferreds leaves2427; full SIP histories checked for117 names selected by top100 dollar-volume plus top20 daily gains, deduplicated. IEX is one venue and screen liquidity is not executable NBBO. 2. SIP annual leaders: SNDK2435.36%,AXTI2137.52%,NUAI1651.59%;63-session returns5.85%,-23.37%,34.56%;volatility134.50%,166.55%,128.63% annualized. Current-winner selection cannot support a historical backtest universe. ROIV41.48/63-session45.59% has a verified clinical event, no validated drift strategy. 3. Separate32-asset world panel spans12 indices and20 companies across Asia, Europe, Americas and Australia; not every non-US listing. Local-currency raw-close returns are not USD total returns. StaleSep4/Sep7 bars explicitly retained. US country proxies EWY189.91/+163.73%annual and EWT111.54/+93.68%annual lead, while INDA/MCHI annual returns are negative. 4. Movers discovery yields32 USD crypto pairs; not a complete trading asset master. Completed UTC Sep8 bars: BTC78448.681,ETH2484.527,SOL103.36;365-day returns-29.9993%,-42.3348%,-51.7415%, despite positive63-day rebounds.20 nonstable assets with annual comparisons are all negative;11 have no annual baseline;USDT alone slightly positive and excluded as peg exposure. HYPE204 bars and PAXG209 cannot pass12month history. Older SOL history has418 calendar gaps but latest366 days are complete; no row-count/calendar substitution. Initial Sep7-only crypto vintage archived separately, superseded for current screening by completedSep8. Conclusion: no late monthly entry or paper-edge transfer. Archives preserve every census close/previous close/volume/date and exact derived panel metrics. Sources https://www.nasdaqtrader.com/dynamic/SymDir/nasdaqlisted.txt ; https://www.nasdaqtrader.com/dynamic/SymDir/otherlisted.txt ; https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex ; https://runway.adityaperswal.workers.dev/data/stock-bars ; https://runway.adityaperswal.workers.dev/data/crypto-bars ; https://query1.finance.yahoo.com/v8/finance/chart/ .

1. SNDK's issuer baseline is recorded in observation16501. At the Sep8 SIP close1737.99, price/FY26 GAAP EPS is23.56x; annualizing the unusually strong Q4 gives9.88x. The latter is a cycle assumption, not a forecast P/E. Receivables and inventory require cash-conversion follow-through. One share exceeds the212.75USD venue cap. 2. AXTI revenue grew164.44% YoY, but69.56/(4*.17)=102.29x annualized Q2 earnings; this is not normalized valuation. Its63-session price return is-23.37% despite a2137.52% annual return. One observed ADR6.97113USD nearly consumes the8.5099USD nominal loss cap at one share. Export permits and capacity conversion can invalidate extrapolation. 3. LITE's operating growth and noncash convertible extinguishment require separate treatment: adjusted profit is not proof financing dilution is harmless, and the GAAP loss is not equivalent cash burn. Its978.535 close also fails whole-share affordability. 4. HSBC wealth fees grew19.565%; underlying profit growth is slower than reported growth, and capital consumption constrains distributions. HSBA.L gained20.4057% over63 sessions, but its latest retrieved date isSep7, quoted in GBp; direct venue/FX eligibility and a stock rule remain unverified. 5. Samsung's calculated Q2 operating margin52.1866% and DS share of operating profit99.6648% expose memory-cycle concentration, while consumer operations face cost pressure. The stock's annual276.92% rise coexists with a63-session16.30% decline. 6. ROIV's primary endpoint evidence is stronger than a generic positive headline, but the135-patient Phase2 result is not approval or a stock payoff distribution. Reject a clinical drift trade without independent matched events. Conclusion: none supplies a validated costed entry. Strongest bull case is durable AI pricing, bank fee growth, and reproducible clinical efficacy; strongest bear case is expectations already capitalized, cycle reversal, or confirmation cost. These are mechanism hypotheses, not measured causal returns. Sources: observations16501/16503/16504/16543/16544/16545 and their original issuer URLs; https://investor.sandisk.com/news-releases/news-release-details/sandisk-reports-fiscal-fourth-quarter-2026-financial-results ; https://investors.axt.com/Investors/news/news-details/2026/AXT-Inc--Announces-Second-Quarter-2026-Financial-Results/default.aspx ; https://www.hsbc.com/investors/results-and-announcements/all-reporting/interim-results-2026-quick-read ; https://news.samsung.com/global/samsung-electronics-announces-second-quarter-2026-results .

1. Startaccount850.99/quant245.69cash; no positions. Goalrepeatablepositiveprofit;bindingconstraintnegativevalidatedpayoff. Fromfrozen301trademanagedhistory,samplejointportfolioreturns,not independentstocks. 2. Seed9090201,20000circular3-sessionblockpaths,16sessions approximatingremainingSep9–30tradingwindow,entire245.69quantbooksupposedlydeployed into8equalinitialfractionalsleeves. Base5/50/95profitUSD[-1.87048,0,1.11598],lossfrequency49.8%;stress[-2.30212,-.17552,.81874],loss58.445%. No samplemakes349.01USD;this isnotprooftruelikelihoodzero. Flatdays in historicalstrategyexplainmedian0;no missingreturns convertedtozero. 3. Longerdiagnosticseed9090200,20000joint3monthblockpaths60months,quant/accountconstantweight. Baseaccount5/50/95return[-3.15198,-1.89739,-.64159]%,loss99.325%;stress[-5.27339,-3.97671,-2.67820]%,loss100%infiniteMonteCarlosample only. Correction:actual horizon60months,not100months originallycontemplated. Excludesfixedoperatingcosts,newregimes,wholelots,15minfillgaps andfuturecashrate. Resamplingassumesstationarity;shortblocksdo notpreservemonthlyentrycalendar; hypotheticalfreshschedule isnotanapprovedlateentry. 4. QuarterKellybinary-average-loss approximationfloors0 inbaseandstress;notional0. Caps212.7475/position and8.5099nominalrisk limitlossplans,notguaranteedgaploss. Neither need349.01 nor parentpositivereturnsuppliesapprovededge. Sources archivedhorizon_sim.py/json anddiagnostics; https://runway.adityaperswal.workers.dev/data/stock-bars .

1. Frozen managed252/1.5R2021–25holdout301trades:win35.8804%,W1.154196%,L.913672%,mean-.171713%;6bp/side portfolio-6.455432%/DD7.243026%. 2. NumPyseed9090200,20000circular3-monthblockbootstrap samples wholemonths jointly acrossassets,usingpooledsum/count so correlated ETF outcomes are not independent observations. 95%meanCI[-.314774,-.030477]% pertrade;16bp/side mean-.371170%,CI[-.514338,-.228008]%. 3. Monthlyregression againstequal-initial-weight8ETFbuyhold:managedbeta.041989,alpha-.136128%/month,HAC3lag t=-2.62162,R2.04850;stressalpha-.257074%,t=-4.58224. Buyhold42.4684% gross over5years,not matched risk. 4. Parent19.21533% costed/3.57774%CAGR,meanCI[-.038505,.903911]%;stress10.05885%/1.93539%CAGR,CI[-.237810,.702467]%. Parentpositive total doesnotestablish alpha ormanagededge. All12managedsweepcellsnegative,not independent12tests. Validity conditionaloncollectedadjustedprices/laggedsignals; soundnesslimitedbyreusedhistoricalera,proxyassets,actualfillunknown andindependentsleevedrift. Own3operatorliquidationsp1/3,avgwin7.93994%/loss5.26143%,mean-.86097%,cannotcalibrateplanned4–6weekexits orslippage withnoquote benchmarks. Prior skepticism strengthened for this adaptation; would change only withnewpredeclaredindependentpositive netevidence andactualexecution. Sources archivedQTR9090200diagnostics.json,trend.py; https://runway.adityaperswal.workers.dev/data/stock-bars .

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 378-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 2R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage15bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-3.1982894279861673,"2022":-1.1115754020214585,"2023":-2.4559342553208685,"2024":-2.571763853282849,"2025":-1.0573886480381267}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 378-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 2R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage5bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-1.4266879110777175,"2022":0.03282691161201612,"2023":-1.5404086082613566,"2024":-0.8817272924663944,"2025":1.1059498552612235}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 378-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 1.5R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage15bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-3.2927516767092824,"2022":-0.9664546669718388,"2023":-2.139692711344532,"2024":-2.815434596853883,"2025":-1.7076777646982344}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 378-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 1.5R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage5bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-1.526994698235573,"2022":0.17326654036462497,"2023":-1.2198998112890935,"2024":-1.131832654620768,"2025":0.4228545307626952}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 252-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 2R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage15bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-2.8106851822086165,"2022":-0.3591077686596389,"2023":-3.5023094311812386,"2024":-3.8460042402528427,"2025":-1.9850996015152056}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 252-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 2R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage5bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-1.3727693505128036,"2022":0.5841447710436487,"2023":-2.3961675408427086,"2024":-2.027854114076788,"2025":0.0722878235541291}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 126-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 2R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage15bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-2.417784266178713,"2022":-1.0144705925223652,"2023":-3.5597848445372393,"2024":-4.3470581111143325,"2025":-2.7955311821025064}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 126-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 2R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage5bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-0.9425669160038841,"2022":-0.22491987580169903,"2023":-2.1567739866022007,"2024":-2.412266109670125,"2025":-1.1343689395069356}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 126-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 1.5R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage15bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-2.680782534324222,"2022":-1.0804103576898982,"2023":-3.404041102964517,"2024":-4.454786416045097,"2025":-2.8754301338842936}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.

1. Frozen note1293, coverage amendment1295. Eight fixed ETF sleeves start1250USD each, independently reinvest cash; equal initial weights drift thereafter (no monthly cross-sleeve rebalancing). Prior completed-month 126-session close return positive -> next session open entry; no shorts or leverage. Stop1 prior20day mean H-L,target 1.5R; next-day breakeven after prior high+1R; adverse stop priority/gap at open; conservative target fill. No same-month reentry; last-session month-end liquidation. 2. Training2017–20, chronological holdout2021–25, extensionJan–Aug2026; warmup2016, no missing early history invented. Fees1bp plus slippage5bp EACH side. Vectorbt long-only from_orders matches independent event cash ledger. 3. Results and years {"2021":-1.2155288712066614,"2022":-0.29652594673461596,"2023":-2.0006126766594523,"2024":-2.5222562598620657,"2025":-1.2271237568091564}. Simulated portfolio returns, not actual account. Completed trades only; no partial current month. Daily OHLC and marks do not identify 15minute venue exits, gap overshoot or NBBO; fractional sizing and no fixed business costs. ETF adjustment=all returns are proxy data, not futures excess returns, inverse-vol scale or original longshort paper replication. Era reused in prior research, not untouched prospective evidence. Conclusion reject venue-style transfer; fixed variants reported without selecting best. Source https://runway.adityaperswal.workers.dev/data/stock-bars?feed=sip&adjustment=all ; https://w4.stern.nyu.edu/facdir/lpederse/papers/TimeSeriesMomentum.pdf ; QTR9090200 research/trend.py and archived results.