Scoring Methodology

Signal scores are generated by event-specific, rule-based methodologies — not by AI. AI is used only to interpret raw filings and extract structured data and summaries.

What AI Does

Reads each DART filing, classifies its event type, extracts key figures, and writes a plain-language summary. AI does not decide the score.

What The Score Measures

A fixed, event-specific formula applied to the extracted data — e.g. contract size relative to revenue, dilution rate, dividend yield change. Same inputs always produce the same score.

Evaluation Factors by Event Type

Strategic Contract Evaluation

Contract events are evaluated by measuring business scale, revenue relevance, counterparty quality, and execution visibility.

  • Contract size relative to company revenue
  • Expected revenue impact
  • Counterparty quality
  • Contract duration and execution period

Dividend Evaluation

Dividend events are evaluated by reviewing shareholder return strength, yield, payout consistency, and changes versus prior periods.

  • Dividend increase or decrease
  • Dividend yield
  • Historical consistency
  • Payout timing and sustainability

Share Buyback Evaluation

Share buyback events are evaluated by assessing capital return size, share supply reduction, execution method, and cancellation intent.

  • Buyback size relative to market value
  • Share count impact
  • Acquisition period and method
  • Cancellation or retirement plan

Capital Raise Evaluation

Capital raise events are evaluated by estimating dilution pressure, funding purpose, pricing terms, and impact on existing shareholders.

  • Potential dilution rate
  • Issuance or conversion price
  • Funding purpose
  • Shareholder value impact

Earnings Evaluation

Earnings events are evaluated by comparing profitability, growth, margin direction, and one-off factors against market expectations.

  • Revenue and profit growth
  • Operating margin direction
  • Net income quality
  • One-off gains or losses

Executive Change Evaluation

Executive changes are evaluated by considering role importance, appointment or resignation context, and potential governance impact.

  • Role seniority
  • Appointment, resignation, or replacement
  • Governance implications
  • Continuity of business strategy

M&A / Merger Evaluation

M&A events are evaluated by assessing deal size relative to company scale, strategic rationale, financing structure, and integration risk.

  • Deal size relative to market value
  • Strategic fit and synergy potential
  • Financing structure (cash, stock, debt)
  • Regulatory and integration risk

Legal / Regulatory Evaluation

Legal and regulatory events are evaluated by estimating potential financial exposure, likelihood of adverse outcome, and business disruption.

  • Potential financial exposure
  • Likelihood of adverse outcome
  • Business disruption risk
  • Precedent and regulatory context

Capital Investment Evaluation

Capital investment events are evaluated by measuring investment size relative to company scale, expected return, and funding source.

  • Investment size relative to company assets
  • Expected capacity or revenue impact
  • Funding source and balance sheet impact
  • Execution timeline

Treasury Share Disposal Evaluation

Treasury share disposal events are evaluated by assessing supply impact, disposal method, and stated purpose.

  • Disposal size relative to shares outstanding
  • Disposal method and timing
  • Stated purpose (funding, compensation, etc.)
  • Dilution / supply impact

Corporate Disclosure Evaluation

General corporate disclosures are evaluated using event-agnostic factors — materiality, financial relevance, and market impact.

  • Materiality to company operations
  • Financial relevance
  • Historical market reaction to similar filings
  • Disclosure completeness

Scores are risk-adjusted indicators derived from historical DART filings and are provided for informational purposes only — not investment advice.