BASED Research terminology
On this page you can find definitions of all the key terms used at BASED Research.
Bearish means a decreasing trend in price.
Bullish means an increasing trend in price.
Buy Zone is a price range where it is advantageous to buy an asset because the price is expected to increase based on BASED's proprietary models
Commitment of Traders (CoT) Report is a report published weekly by the Commodity Futures Trading Commission (CFTC). It provides a breakdown of the open interest in futures markets, detailing positions held by different types of traders such as commercial traders (hedgers), non-commercial traders (large speculators), and non-reportable traders (small speculators). The CoT reports offer valuable insight on how the market is positioned.
Contrarian Indicator is a signal used by investors and traders to make decisions that are contrary to prevailing market trends or sentiment. The basic idea behind contrarian indicators is that the majority of investors tend to be wrong at market extremes, so taking the opposite position can be profitable.
Daily and Weekly Charts represent the price movements of a security, commodity, or index over daily and weekly intervals, respectively. They are used to analyze short-term and medium-term trends.
Implied Volatility is a metric derived from options pricing that reflects the market's forecast of the likely movement (volatility) of a security's price. Higher implied volatility indicates expectations of higher price fluctuations.
IV Table shows the implied volatility discount and premium, trend, and Z-score.
Market Positioning describes the aggregate positioning or exposure of traders in a particular market. It can indicate whether traders are generally long or short in a market.
Market Sentiment reflects the overall attitude of investors toward a particular security or market. It can be bullish, bearish, or neutral, and is often gauged through surveys, trading patterns, and analytical tools.
Open Interest refers to the total number of outstanding futures contracts that have not been settled or closed. It represents the total number of contracts that are currently active in the market. Open interest provides insights into market activity and liquidity, helping traders and analysts gauge the strength of a particular futures market.
Key Levels are price levels derived from historical trading data, where there is likely to be support and resistance for the price.
Realized or Historical Volatility measures how much the price of a security, asset, or market index has fluctuated over a past period. It is calculated by determining the standard deviation of the price changes over that period.
Remarks Panel includes comments by BASED about the data provided in the report.
Sell Zone is a price range where it is advantageous to sell an asset because the price is expected to decline based on BASED's proprietary models.
Volume refers to the number of shares or contracts traded in a security or market during a given period. High volume often indicates high interest in a security at its current price, and it can also signify market strength.
Z-score is a statistical measurement that describes a value's relationship to the mean of a group of values. It is expressed in terms of standard deviations from the mean and is helpful for quantifying how unlikely or rare the value is from a statistical perspective.