Glossary
Every term you'll meet on ByteTrend, in plain English.
The platform's scoring page covers the score mechanics in full; ByteTrend 101 walks through them at a gentler pace.
The score
ByteTrend score
A trend score, from 0–5, reflecting how many of the five yes/no trend tests an asset passes. Calculated daily on two timescales (Daily and Weekly) and two price series (Local and CAPR), giving four scores per asset. See The ByteTrend Score.
Trend regime
A five-way classification layered on the score: Leading Trend, Emerging Trend, Weakening Trend, Bear Trend or Neutral. The named regimes require the asset to sit at a 30-week price high/low, so they are rare. Most assets, most days, are Neutral. Trend regimes are tabled on the scoring page and explained in Trend regimes.
Sparkline
The miniature chart beside each score in the asset tables. It plots roughly a year of weekly CAPR — the shape of the asset's relative performance, not the path of its score. The colour reflects whether it is higher (green) or lower (red) than a year ago. For how a score has moved, read the Chg columns (the daily change in each score) and the consecutive-week counts.
Consecutive weeks at 5 / at 0
How long an asset has held the maximum (or minimum) score without interruption. Long streaks at 5 mark durable leadership; long streaks at 0 mark entrenched downtrends.
Relative performance
CAPR Currency-Adjusted Price Relative
CAPR is a ratio, which reflects the asset's price, converted into dollars (USD), divided by the MSCI World index. Essentially, true relative performance. A rising CAPR means the asset is outperforming the global equity benchmark, a falling CAPR means it's lagging. It is a performance measure, not a valuation measure.
MSCI World
The broad global developed-market equity index ByteTrend uses as its benchmark for all relative (CAPR) calculations.
Under the hood
Moving average MA
The average closing price over a fixed historic window, recalculated every day. ByteTrend uses a long/short term pair on each timescale: 200-day and 30-day (Daily), 200-week and 30-week (Weekly). The long average describes the underlying trend; the short average describes recent direction.
Last touch high / low
The fifth scoring rule. Within a rolling window (20 days on the Daily timescale, 20 weeks on the Weekly), did the price or CAPR chart more recently touch the top of its range (a new high) or the bottom (a new low)? Touching the high more recently is trend-confirming.
Adjusted close
The price series after adjusting for corporate actions such as stock splits. All ByteTrend scores, moving averages, highs/lows and drawdowns are computed on adjusted prices, so a 10-for-1 split doesn't masquerade as a 90% crash.
Risk and range
Drawdown
How far price sits below its recent high, as a percentage — e.g. a 52-week drawdown of −20% means the price is a fifth below its highest point of the past year.
% Dev from 30W high / low
The deviation between today's level and the highest (or lowest) level of the past 30 weeks, as a percentage. 0% from the high means the asset is at a 30-week high. This is the condition the trend regimes use. It is shown for both Local and CAPR series.
% Dev from 200W high / 200W MA
These are longer time horizon measures: the distance from the 200-week high and from the 200-week moving average, in local currency or CAPR terms. Useful for judging how extended or depressed an asset is relative to its multi-year range.
Annualised volatility 30W
How much the asset's returns have varied over the past 30 weeks, scaled to an annual rate. Higher volatility means larger day-to-day swings for the same trend — useful for judging position sizing and how much noise to expect in the score.
Vol Cat volatility category
Low, Medium or High — the asset's 30-week volatility ranked against the other assets in the table you are looking at. The bottom decile is Low, the top decile High, everything between Medium. Because each asset class is listed separately, a digital asset marked High is high relative to other digital assets, not to equities. It's a relative measure, so the boundaries move with the market.
Market cap USD
The company's total equity value converted to US dollars — the default sorting order of the asset tables.