FORECANDLE
CALIBRATION

Did the impact scores mean anything?

Every scored headline schedules a set of price measurements on the assets it was tagged with. This is what those measurements found. It is an observation about what followed a headline, not a claim that the headline caused it, and not a trading result.

The denominators are published alongside every number, including the measurements that could not be taken. A rate without its denominator is a marketing statistic.

WINDOW