“The market converges on the obvious. We analyse the omitted.”
What the VIX doesn't say: the silence premium
Volatility indices capture noise. We measure what insiders don't trade, the orders never placed, the deals that fail to close – a quantitative framework for absence.
Read the unseenThey don't analyse this
neither do quantsOrders that never arrived
Institutional limit orders placed just off the tape – why the absence of buying is a signal.
DecodeThe discount for gentility
Old-world companies trade at a discount because they don't optimise for short-term metrics.
UncoverDark IP: the value of undisclosed R&D
Firms that intentionally keep innovations off the balance sheet – mapping the stealth innovation discount.
ReadThe GDP of unlisted businesses
We estimate the economic weight of firms that never go public – and why their silence distorts policy.
EstimateThe trustee's diary
Analysis of handwritten notes from bank trust meetings (1900–1950) – sentiment indicators that lead markets by decades.
ViewThe unexercised option
Why wealthy families let options expire – and what that says about their view of future volatility.
Analyse