Convexa Daily seeks to publish financial information in a manner that allows readers to distinguish clearly between facts, calculations, interpretation and scenario analysis.
These standards define the principal editorial rules governing Convexa Daily research and reporting.
1. Editorial Independence
Convexa Daily is a private research publication.
Editorial conclusions are based on available data, stated methodology and analytical judgment.
Materials should not be altered in the interest of:
- a broker;
- data provider;
- issuer;
- advertiser;
- prospective investor;
- third-party financial organization.
2. Facts and Interpretation
Convexa Daily seeks to distinguish three information categories:
Observed Fact
A fact or numerical value obtained from an external source.
Calculated Estimate
A measure calculated by Convexa Daily using underlying data.
Analytical Interpretation
An explanation, judgment, conclusion or scenario interpretation.
Fact should not be presented as opinion, and opinion should not be presented as established fact.
3. Sources
Material factual assertions should, where reasonably possible, rely on reliable sources.
Priority is given to:
- official government sources;
- exchanges;
- brokerage data;
- corporate filings and releases;
- primary sources;
- established financial news organizations.
Secondary sources should not replace an available and unambiguous primary source without reason.
4. Data Verification
Before publication, key figures should be reviewed for:
- correct date;
- measurement interval;
- units;
- source;
- sign;
- trading-session consistency;
- benchmark comparability.
Particular attention should be given to:
- Performance;
- SPY benchmark;
- NAV;
- P&L;
- volatility metrics;
- economic-event timing;
- corporate events.
5. Consistent Time Frame
A daily issue should use a clear and consistent temporal reference.
Prior-session closing information should not be mixed with current intraday data without explicit labeling.
If current-day information is used, this should be stated clearly.
6. Strategy Performance
Actual Convexa performance is published separately from analytical interpretation.
Strategy results should not be edited or framed in a manner intended to:
- hide a losing period;
- visually minimize a drawdown;
- change a comparison window;
- select a benchmark retrospectively;
- replace an unfavorable metric with a more favorable one.
Positive and negative periods are reported under the same methodology.
7. Benchmark
SPY is used as comparative context rather than as an equivalent strategy.
Benchmark measurement periods should match Convexa measurement periods.
The benchmark should not be changed retrospectively merely because another index would create a more favorable comparison.
8. Technical Analysis
Technical Analysis should rely on observable market data and a defined methodology.
A technical signal should not be presented as a guaranteed forecast of future price action.
A signal describes market conditions rather than a required trading action.
9. Fundamental Analysis
Fundamental Analysis should distinguish among:
- corporate facts;
- earnings expectations;
- revisions;
- valuation;
- macroeconomic conditions;
- credit conditions;
- analytical interpretation.
A fundamental assessment should not be presented as a mathematically precise probability of future returns unless such a probability is actually derived from a defined model.
10. Volatility Analysis
Volatility Analysis is an independent analytical discipline within Convexa Daily.
It should distinguish:
- volatility level;
- term structure;
- skew;
- wings;
- realized volatility;
- implied volatility;
- volatility risk premium;
- event volatility;
- analytical interpretation.
A change in implied volatility should not automatically be interpreted as a directional market signal.
11. Weekly Risk Map
The Weekly Risk Map evaluates the concentration of event risk.
Labels such as:
- LOW;
- MODERATE;
- HIGH;
- CRITICAL;
are editorial classifications of potential market significance.
They are not statistical probabilities of market gains or losses.
A CRITICAL event may occur without producing a material market move.
12. Scenario Analysis
Scenarios should be written conditionally.
Preferred language includes:
- if;
- under;
- in the event of;
- potential reaction;
- possible transmission channel.
A scenario should not be written as though the outcome is already known.
For example:
Preferred:
A renewed rise in Treasury yields could pressure long-duration technology equities.
Avoid:
Technology stocks will fall.
13. Stress Tests
A stress test is a model of portfolio behavior under stated assumptions.
It is not a forecast.
Each stress test should make it possible to identify:
- movement in the underlying;
- assumed volatility change;
- time horizon;
- positions included;
- material assumptions.
Stress tests using different assumptions should not be presented as directly comparable without appropriate explanation.
14. Probabilities
A numerical probability should be published only where there is a defined methodology supporting that probability.
Subjective analytical judgment should not be disguised as statistical precision.
Qualitative descriptions such as:
elevated risk
or
higher probability
may be used when the surrounding context makes clear that they represent analytical judgment rather than a statistical model.
15. Avoiding Sensationalism
Convexa Daily should not use sensational language solely to attract attention.
Avoid headlines such as:
- crash is coming;
- guaranteed rally;
- market collapse;
- easy profit;
- risk-free;
- certain outcome.
Exceptional market conditions should be demonstrated through data rather than emotional language.
16. No Promises
Convexa Daily does not publish:
- return guarantees;
- guaranteed targets;
- promises of no loss;
- claims of inevitable benchmark outperformance.
Historical results are reported as historical facts.
17. Economic Interest
The Convexa strategy may have economic exposure to markets and instruments discussed in the publication.
Readers should consider this when interpreting the material.
Convexa Daily is not required to disclose every current position, but it should not create a false impression that no economic interest exists where one does.
18. Position Changes
Publication of research does not create an obligation to maintain a corresponding trading position.
The strategy may:
- open;
- close;
- reduce;
- increase;
- hedge;
a position after publication without additional public notice.
19. No Audience Front-Running
Convexa Daily should not use publication as a means of encouraging readers to transact in a way designed to improve the strategy’s own position.
Content should not artificially encourage demand or supply in a specific instrument for the benefit of Convexa.
20. Paid Influence
If Convexa Daily later receives:
- compensation;
- sponsorship;
- payment;
- free products or services;
- another material benefit;
in connection with coverage of a company, instrument or service, the conflict should be clearly disclosed.
Where no such relationship exists, there is no need to disclose nonexistent compensation.
21. News Information
News facts and Convexa Daily analytical interpretation should remain distinguishable.
Do not:
- present rumor as confirmed fact;
- present an anonymous-source report as an official statement;
- hide material uncertainty.
Preliminary information should be labeled accordingly.
22. Political Events
Political and geopolitical events are analyzed solely through their potential effect on:
- markets;
- yields;
- currencies;
- volatility;
- corporate earnings;
- trade restrictions;
- economic policy.
Convexa Daily is not a political publication and does not take partisan positions.
23. Corporate Events
When analyzing earnings, guidance or other corporate events, distinguish:
- the company’s reported result;
- market expectations;
- price reaction;
- Convexa Daily interpretation.
A price move following an earnings release should not automatically be treated as proof of the quality or weakness of the underlying report.
24. AI and Automation
Where automated systems or artificial-intelligence models assist in preparing Convexa Daily materials, the final publication remains subject to the same standards of accuracy, sourcing and editorial responsibility.
Use of automation does not remove responsibility for published content.
Model-generated output should not be presented as verified fact without appropriate verification.
25. Quotations and Third-Party Material
Limited quotation may be used for research and context subject to applicable rules and appropriate attribution.
Convexa Daily should not reproduce substantial protected material merely because it is publicly accessible online.
Preference should be given to summarizing facts and providing original analysis.
26. Corrections
Errors are handled in accordance with the:
Corrections & Record Integrity Policy.
A material error should not remain uncorrected merely because correcting it would worsen the strategy’s reported performance or weaken an analytical conclusion.
27. Historical Archive
Historical publications are preserved as records of their time.
Convexa Daily should not routinely rewrite old analysis based on information that became available only later.
A historical issue should reflect the information and judgment available at the time of publication.
28. Editorial Clarity
Financial complexity is not a justification for deliberately complicated language.
Convexa Daily seeks to explain complex subjects:
- accurately;
- concisely;
- professionally;
- without artificial simplification;
- without unnecessary jargon.
29. Visual Integrity
Data visualization should not mislead the reader.
Avoid:
- truncated scales that distort magnitude;
- incomparable periods without explanation;
- disproportionate visual emphasis on positive results;
- concealment of negative periods;
- chart scales selected solely to improve the appearance of performance.
30. Core Editorial Principle
Convexa Daily seeks to make it possible for the reader to distinguish:
what happened; what was calculated; how Convexa interprets it; what remains unknown.
Trust in the publication is more important than the impact of any individual headline or result.