Screen

Momentum Consistency (MC): + if that lookback is > 0; otherwise -.

Relative Momentum Consistency (RMC) vs a benchmark: + if the stock lookback is strictly greater than the benchmark for the same period; otherwise -. Missing data counts as -. Missing index lookbacks therefore count as RMC - and can contribute to MARKET LAG or REDUCE CANDIDATE. A REDUCE CANDIDATE signal can therefore partly reflect unavailable benchmark data rather than observed underperformance.

Pattern order is 1M, 3M, 6M, 1Y with no spaces.

MC% and RMC% are the weighted sum of the + periods using weights 20/30/30/20.

A stock can be MC + and RMC - for the same lookback when the stock has risen but has underperformed the benchmark.

Momentum State is determined by the temporal shape of the pattern, not by MC% or RMC%:

• +---, ++-- → RECOVERING
• +++- → TURNAROUND
• ++++ → STRONG
• +-++, ++-+ → PULLBACK
• -+++, --++, ---+ → FADING
• ---- → WEAK
• all other patterns → MIXED

Therefore, patterns with the same percentage can carry different states. For example:

++-- → 50% → RECOVERING
--++ → 50% → FADING

Allocation Signal is a single interpretation of the screened universe derived from MC plus index and sector RMC. It is not a reading of the Agentic portfolio. Gold is ignored. It is an annotation, not a screen gate.

Allocation Signals are directional: CONFIRMED LEADER and EMERGING LEADER are the only positive purchase-oriented signals; REDUCE CANDIDATE identifies a potential source of capital and must not be interpreted as a purchase candidate. MARKET LAG, SECTOR LAG, and NO SIGNAL are non-purchase conclusions unless other evidence supports them.

Precedence:

1. REDUCE CANDIDATE
2. CONFIRMED LEADER
3. MARKET LAG
4. SECTOR LAG
5. EMERGING LEADER
6. NO SIGNAL

• REDUCE CANDIDATE — MC is FADING or WEAK, and index RMC is FADING or WEAK. A holding that may be reduced or exited to release capital for reallocation to stronger opportunities. It is not a buy or add signal.
• CONFIRMED LEADER — MC is STRONG, index RMC is STRONG, and sector RMC is STRONG or absent. Primary potential destination for capital; may be considered for adding or holding.
• MARKET LAG — MC is STRONG and index RMC is not STRONG. Absolute strength without market-relative confirmation.
• SECTOR LAG — MC is STRONG, index RMC is STRONG, and sector RMC is present but not STRONG. Stock and market strength are confirmed, but sector-relative strength is not.
• EMERGING LEADER — MC is RECOVERING or TURNAROUND, and index or sector RMC is RECOVERING, TURNAROUND, or STRONG. Potential rotation destination; may be considered as a new or increased allocation.
• NO SIGNAL — none of the above conditions apply.

PULLBACK represents a negative intermediate lookback within an otherwise positive momentum structure. It is not, by itself, a reduce or exit signal.

Magnitude is the weighted size of the 1-month, 3-month, 6-month, and 1-year returns, using weights 20/30/30/20. It is shown beside the allocation signal and is the order of the list.