Quantamental Intelligence
The gap between what markets perceive and what businesses actually are.
Markets misprice assets because perception and reality diverge. We measure that gap systematically, across a concentrated universe of 40 high-conviction companies. That gap is where the alpha lives.
20+
Companies Covered
8
Dimensions per Analysis
x/40
Scoring Scale
5 Years
Research Horizon
The Method
Universe Screening
Quantitative filters narrow the global listed universe to 100-150 candidates worth deeper attention. Quality signals, size, and liquidity. No mega-caps where information is fully priced.
8-Dimension Scorecard
Each candidate scored 1-5 across business model, management alignment, client quality, organic growth, earnings quality, balance sheet, structural risk, and valuation. No score without written justification.
Semantic Layer
Earnings call transcripts and annual report language processed via Claude pipeline. What management avoids saying matters as much as what they say. Changes in terminology quarter over quarter are signals.
Perceived vs Actual Gap
The proprietary signal. Analyst consensus, media tone, and valuation premium quantified as Perceived Quality. The scorecard is Actual Quality. The gap between them is where the market consistently gets it wrong.
The Signal
Perceived Quality vs Actual Quality
Behavioral finance research from VU Amsterdam shows that investors systematically misprice assets because narrative bias, anchoring, and social proof cause perceived quality to consistently diverge from actual quality.
We quantify both sides. The gap between them is the signal. A large positive gap means the market underestimates quality. A large negative gap means the narrative has run ahead of the fundamentals.
Illustrative Example
Perceived exceeds actual. Narrative premium present. Caution warranted.
Sample Analysis
What subscribers see
Technology Services
Total Score
25/40
8-Dimension Scorecard
Analyst Verdict
The business model remains defensible on the surface, but three years of declining organic growth stripped of acquisition effects tells a different story. Management has successfully obscured this through a series of bolt-on acquisitions that inflate headline revenue while masking the underlying deterioration. The EBITDA margin expansion narrative collapses when you run GAAP earnings. At current multiples, the market is pricing execution that has not happened and may not happen.
Access
Insights
All Substack content and light app access.
- +All published deep dives
- +Universe overview
- +Scorecard teasers
Most Popular
Intelligence
Full platform access. The complete analysis.
- +Full 8-dimension analyses
- +Perceived vs Actual metric
- +Push alerts on thesis changes
- +Insider transaction feed
- +Semantic signal tags
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