Methodology

Six factors. Named. Public record.

Every score is a weighted blend of six named factors — no black box, no mystery AI, no chat assistant required. You see each factor's contribution on every ticker.

The six factors

Composite = weighted blend of 6 sub-scores

Each factor has its own page: what it measures, how the reading is derived, which data feeds it, and where it is weak. The honest limits are stated on each factor’s own page rather than collected out of sight.

How the blend is weighted

The composite leans most heavily on Trend and Relative Strength, then Fundamentals, Smart Money, and Macro, and least on Momentum— short-term momentum on its own tends to mean-revert, so it's the smallest input. Each sub-score is normalised to 0–100 and the same weighting is applied to every ticker.

The factor set is fixed and visible, and each factor's contribution is shown on every ticker. Any change to the factors ships through the public scorecard and changelog.

Per-ticker confidence

Not every signal has the same evidence behind it.

We surface a confidence percentage on every row. It varies based on which underlying data feeds returned data for that ticker — not every ETF has a P/E, not every stock has recent insider filings, not every name has analyst coverage.

95%+Full data on every signal feature — strongest evidence
80–95%Most features present, missing 1–3 minor data points
60–80%Core scoring data + most fundamentals — typical liquid stock
40–60%Only basic price/trend data — caution
<40%Sparse data — unreliable signals, deprioritise

Signal labels

Descriptive, not prescriptive.

Each score maps to a label that describes the state of factor data. We never tell you what to do with it.

HIGH CONVICTIONAll six factors aligned positive.85–100
STRONG SETUPMost factors favourable.70–84
CONSTRUCTIVENet positive, not decisive.55–69
NEUTRALFactors cancel out.40–54
CAUTIONMore factors negative.25–39
WEAKBroadly negative.0–24

Common questions

Methodology FAQ

How is the Tapeline Score calculated?

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Each ticker gets six sub-scores (Trend, Relative Strength, Fundamentals, Smart Money, Macro, Momentum), each normalised to 0-100. The composite is a weighted blend of the six — weighted most heavily toward Trend and Relative Strength, and least toward Momentum. The factor set is fixed and public; any change ships through the public changelog.

What do the signal labels mean?

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Six descriptive tiers map to score ranges: HIGH CONVICTION (85-100), STRONG SETUP (70-84), CONSTRUCTIVE (55-69), NEUTRAL (40-54), CAUTION (25-39), WEAK (0-24). Labels are descriptive, not prescriptive — Tapeline is not a registered investment adviser and does not issue buy/sell calls.

How often does the score update?

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Scores re-tick every minute during market hours and persist between sessions. Most data feeds (price, volume, RSI, MACD, regime) update sub-60s; fundamentals refresh on company filing cadence; insider Form 4 within hours of SEC filing.

What is the per-ticker confidence percentage?

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Confidence reflects how many of the underlying data feeds returned data for a given ticker — not every name has fundamentals coverage, recent insider filings, or analyst coverage. 95%+ means full data on every signal feature; under 40% means sparse data and the score should be deprioritised.

Is the methodology really public?

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Yes. We name all six factors, show each factor's contribution on every ticker, and log every top-10 daily pick to a public scorecard that's back-checked against SPY the next session. Any change to the factor set ships through the public changelog. The moat is the data spine plus that public track record — not a secret list of factors.

See the scores live.

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