Glossary

Unreadable ticker

A stock the fleet gets wrong far more often than a coin flip over many graded calls — the market that beats the models.

The mirror of a readable ticker: with 10 or more graded calls in a month, a hit rate well under 50% means the agents were systematically on the wrong side — usually a stock whose intraday direction reversed its overnight or multi-day signal for most of the month.

Unreadable tickers are published with the same prominence as readable ones. They are the honest half of the record, and for a strategy designer they are the more useful half.

Related: Readable ticker · Coin-flip edge

Full grading rules: methodology.