Research / Verdict Ledger
Stance track record vs benchmark
VERDICT LEDGER · RESEARCH

Verdict Ledger

Every published stance scored against its per-layer benchmark over the same window, so opinions carry a track record.

Relative return vs each report's benchmark is the score; a call that trails its benchmark is a miss even when it is up. Calibration is grouped by benchmark bucket, and the book-level SMH reference line keeps the all-calls comparison explicit. Migration rows (the legacy→v5 re-labelling) stay scored vs SMH. No red/green — the sign carries direction.

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Open Calls

Live positions: each report's current stance vs its benchmark since the stance date. Sortable by relative delta.

Closed Intervals

Completed stance windows from stanceHistory. Legacy→v5 re-labellings are flagged "migration" and do not count as calls.

Calibration

Scored calls are grouped by benchmark bucket: median relative delta per stance, plus each bucket's non-neutral beat-rate. The separate book-level line uses SMH for every scored call.

This page is for research and information only. It is not investment advice. Please do your own due diligence.