Methodology
How the Market Signal Score is built and what it does — and does not — represent.
What the score measures
The Market Signal Score (also shown as the Smart Money Score) is a 0–100 indicator of how favorably institutional and insider activity is currently stacked for a given ticker. A higher number means more confirming behavior from the people closest to the company.
How the score is calculated
Each ticker starts at a neutral base of 50. Four components then add or subtract points, and the result is clamped to the 0–100 range.
- Insider buy activity (last 30 days): up to +25 points, scaled to the dollar value of Form 4 BUY filings.
- Insider sell activity (last 30 days): down to −20 points, scaled to the dollar value of Form 4 SELL filings.
- Hedge fund buy activity (last 90 days): up to +15 points, scaled to the dollar value of 13F BUY actions.
- 7-day price momentum: ±20 points, linear to ±10% move.
The breakdown is exposed transparently on every stock detail page so you can see exactly which components drove the score.
Data sources
- Insider trades: SEC EDGAR Form 4 filings, parsed directly from the primary source.
- Hedge fund activity: SEC EDGAR Form 13F-HR holdings, with quarter-over-quarter changes inferred per fund.
- Market data: end-of-day prices and short-term price changes sourced from a third-party market data provider.
What this is not
This is a signal-aggregation tool. It is not a recommendation to buy or sell any security. Insider and 13F filings are public, lagged, and often incomplete. The score should be treated as one additional input alongside your own research, not as a substitute for it.