Deep dive · NYSE: U
Unity Software Inc. stock analysis
Everything behind the call on Unity Software Inc. 6 sections, ordered the way risk stacks up: survival first, quality and price in the middle, context last. The Beacon gives you the read. This is where you check the work.
The five reads
Why the reads disagreeread this before the sections
Street and Risk are pulling against each other and one side is clearly ahead. The net lands at +8 over 30d, a moderate reading on a dispersion of 0.15, which makes this a question of size rather than of direction.
Leans up · and why
analyst moves, earnings vote up. 3 of 5 independent evidence families agree.
Leans down · and why
insider flow, sentiment vote down. 2 of 5 families lean the other way. The conflict that matters is Street against Risk.
What it changes
Size, not direction. dealers are long gamma, so their hedging absorbs moves rather than amplifying them; separately, the tail model puts a very bad day at −8.8%; and the binding position cap is 3.3% — the tail cap is the one that binds.
Global tapeOverseas lean-0.38%
MéxicoU*0.00%⏱FrankfurtUS3-1.15%⏱ZurichU0.00%⏱
Where else this company trades. A closed venue shows its last close, marked ⏱ — not a live price. Overseas lean is the average move across the 3 overseas venues listed above, excluding the home listing — a read on overnight sentiment rather than a signal.
The bottom linestart hereAs of 2026-09-18
Wall Street rating
Buy
+18% to the average target
85% buy · 15% hold · 0% sell
median target $49
median target $49
Chart pattern
Above both averages
The 50-day sits above the 200-day
50-day $38.94 · +6.3%
200-day $32.16 · +28.7%
200-day $32.16 · +28.7%
Earnings
In 47 days
4 Nov 2026 · options imply ±7.7%
beat 7–8 of the last 8
cohort P(beat) 80% · n=35,425
cohort P(beat) 80% · n=35,425
Valuation
23.8× forward
Against consensus earnings
FCF yield 2.20%
Dividend
0.00%
A rounding error against cash — this is a capital-gains position
Risk flags
3 on watch
5 checks run, 2 clear
beta 2.15 · vol 30% ann.
worst drawdown -65%
worst drawdown -65%
New to this? Every metric carries a plain-English read beside it, and an ⓘ next to a label opens the definition. Anything unfamiliar is also defined at the foot of the page under Glossary.
NYSE · USDApplication Software
$41.40-0.44 · -1.05%AH · vol 14.28M
52-week range↑ 147% off low · ↓ 20.6% off high
$16.78now $41.40$52.15
After-hours
$41.20-0.48%
Sep 18, 2026 · 7:06 PM ET
Quote Sep 18, 2026 · 4:00 PM ET
Tape 2026-09-17
Factors 2026-09-18
Tape 2026-09-17
Factors 2026-09-18
01Ratios · Jul 7, 2026SOLVENCY IN QUESTION
Survival & solvency
Altman-Z of 1.8 against a 3.0 safe threshold, and 2 of 5 forensic checks clear.
↳ Plain EnglishBefore anything else: can this company pay its bills? These blocks check the balance sheet, whether your slice of ownership is being diluted, and whether the accounting looks honest.
Bankruptcy risk (Altman-Z)
1.84GREY ZONE
Distress<1.8
Grey1.8–3.0
Safe>3.0
Profitability, leverage and liquidity combined into one number. Above 3.0 is the safe band.
Balance sheetJul 7, 2026
Distance to default (Merton)THIN
3.9σ
How many standard deviations of asset value sit between the company and its debt. Above 4σ is comfortable.
Piotroski F-scoreWATCH
F 6/9
Piotroski F-score 6 of 9. Nine pass/fail tests covering profitability, leverage and operating efficiency; seven or more is strong.
Solvency and liquidity ratios
Current ratioshort-term assets against short-term bills1.84×healthy >2
Debt / equityborrowings against shareholder capital0.69
Net debtborrowings in excess of cash on hand$179.51M
Your ownership stake
Share-count growth vs peersHIGH DILUTION
77th pctile
Where this name's share-count growth ranks among peers. Lower is less dilutive.
Net buyback yieldISSUING
0.00%
Buybacks less new issuance, as a share of market value.
Buyback yieldGROSS
0.00%
Repurchases as a share of market value, before new issuance is netted off.
Stock-based comp / revenueELEVATED
20.8%
Stock comp is the dilution pressure a buyback has to outrun. We read up to 5% of revenue as modest and above 12% as heavy — our own reading band, not a measured peer statistic.
SBC / operating cash flowFALLING
91%
How much of the cash the business generates is being handed to employees as stock. The higher it runs, the more of a buyback is just offsetting it.
Diluted vs basic share gapTHIN OVERHANG
0.00%
Options and awards already granted, expressed as the gap between the diluted and basic counts.
Accounting forensicsSEC filings
Red-flag x-rayGRADE B
70 / 100
0 critical · 3 watch · 2 clear of 5 scored tests
Red-flag x-ray · every check, passes included
CheckStatusValueWhat it looks for
Bankruptcy distressWATCHZ 1.84Altman-Z in the Grey · fundamentals
Earnings manipulationCLEARM -2.96M-score in range · fundamentals
LeverageCLEARLTD/E 0.48long-term debt 0.48× equity · fundamentals
Profitability qualityWATCHF 6/9Piotroski F-score 6 of 9 · fundamentals
Filing forensicsWATCH2 flags2 filing red flags on the latest 10-K · forensic
5 checks, 2 clear and 3 watch. The passes are shown because a score built from five checks means something different from one built from three.
02Refreshed · Sep 18, 2026FAIR · 42/100
Business quality
-22% net margin, -12% return on equity, +2% revenue growth, and capital earning -10% against a 12% cost.
↳ Plain EnglishMargins tell you how much of each sales dollar the company keeps. Return on capital tells you whether reinvesting that money creates value. Both are read against what the filings support, not against a target.
Quality score
42 / 100FAIR
Profitability, growth and balance strength scored separately, then blended.
ProfitabilityRefreshed · Sep 18, 2026
Net marginOF EVERY SALES DOLLAR
-21.8%
The share of revenue that survives every cost and becomes profit.
Gross marginPRICING POWER
74.2%
What is left of a sales dollar before overhead — the clearest read on pricing power.
Operating marginAFTER RUNNING COSTS
-25.9%
What survives the cost of running the whole business.
Return on equityPER $1 OF EQUITY
-12.4%
Annual return on each dollar of shareholder equity.
ROIC − WACC spreadDESTROYS VALUE
-22.6pp
Earns -10% on invested capital that costs about 12%. A positive spread means every retained dollar compounds rather than leaks.
Asset growth vs peersIN LINE
43rd pctile
The balance sheet grew +2% on the year. Fast asset growth is usually a ramp; occasionally it is the start of an inventory problem.
Growth & relative strength
Trailing return by period
1 month-11.2%
3 months+52.3%
6 months+42.3%
Year to date+43.2%
1 year+44.4%
Revenue growth (YoY)GROWING
+2.0%
Revenue against the same period a year ago.
12-1 momentumEX LAST MONTH
+1.8%
Return over the last year excluding the most recent month — the standard momentum factor, which drops the short-term reversal.
Relative-strength rankTOP 5%
95 / 100
Where this name's 3-month return against the S&P 500 ranks across the market — a quarter's standing, not the year's.
Around earningsAug 6, 2026
P(beat next quarter)COHORT BASE RATE
80%
survivor-tilted universe (currently-listed names; large-cap-skewed coverage)
Beat rate · this nameBEAT 7–8 OF THE LAST 8
7 of 8
Its own record against consensus. 8 prints is a small sample, which is why the cohort rate above carries the probability.
Fell after a beatP(FELL | BEAT)
64%
A beat is not a plan: this share of them still closed lower on the day.
Typical earnings moveMEDIAN ABSOLUTE
±32.7%
Unsigned magnitudes from its own prints. Direction is not part of this read.
Reaction: beat vs missASYMMETRIC
-12.5% / -32.7%
The average day-one move after a beat and after a miss. A miss dropping the stock further than a beat lifts it is the asymmetry worth sizing for.
Sells the newsON THE PRINT
Yes
It has a habit of closing lower on a good report, because by report day the beat is already expected.
Dividends & income
Data unavailableThis company does not pay a dividend. There is no yield, payout ratio or ex-dividend date to show, and the return case rests entirely on capital gains.
Signal
Not an income position.
No dividend is declared, so nothing here contributes to total return except the price. That is a fact about the security, not a criticism of it.
Inventory ledger
Data unavailableNo inventory detail is tagged in this company's filings. The ledger needs the XBRL inventory components, which a business without physical goods does not report.
Segments & geography
Data unavailableRevenue by segment and region is not on file for this name, so product and geographic concentration are not shown.
Pattern reliability · platform-wide cohortSnapshot · Sep 18, 2026
Uptrend · leans bullish
HorizonHigherMedianObservations
10d47%-0.1%1,125,547
21d47%-0.2%529,218
63d48%-0.9%169,468
slope +0.33 over 40 bars
Three black crows · leans bearish
HorizonHigherMedianObservations
10d51%+0.1%310,689
21d50%0.0%146,312
63d49%-0.4%46,362
three falling red bars
0323.8× FORWARD
Price & timing
Price $41.40, 23.8× forward earnings, RSI 48, and dealers long gamma.
↳ Plain EnglishA multiple is what the market charges for a dollar of this company's earnings, cash or revenue; the trend and the options tape say what the price is doing around it. Together they are the timing picture, not the quality one.
Trend
Above 50 & 2002 OF 3 AVERAGES
50-day $38.94 · 200-day $32.16. Price above both is the structural definition of an uptrend.
The setup right now
Price · 504 sessions2021-10-14 → 2026-09-17
price50-day200-daylevel
How to read this
Down 1.05% on the session.
Follow the solid line: each point is a session close. Compare it to the 50-day average — while price stays above it the short-term trend is up, and a drop below is the first structural warning.
The dashed levels are the strikes the options chain is most committed to. They are the same numbers the gamma block states; nothing here is drawn that no section derives.
Momentum (RSI-14)COOL
48
030 oversold70 hot100
Where momentum sits on a 0–100 scale. Above 70 is overbought, below 30 oversold; the middle says the move has room either way.
Typical day (ATR-14)±4.1%
$1.72
The average true range — how far this stock moves on an ordinary day. It sets the scale a stop has to clear.
MACDBELOW SIGNAL
-0.50
The short-term trend against its own signal line. The sign is the read; the size is not a target.
Bollinger position23% OF RANGE
Mid band
Where price sits inside its own volatility band. The edges are where a move is stretched, not where it reverses.
20-day VWAPPRICE BELOW
$43.44
The volume-weighted average of the last month. Price above it means recent buyers are, on average, in profit.
Chandelier exitBROKEN
$43.31
A volatility-based trailing stop, set a few average ranges below the recent high.
4 Nov 2026 · in 47 daysNext earningsThe next scheduled catalyst. The forward guide usually moves the tape more than the printed number. Date as the vendor last stated it on 28 Aug; companies confirm about three weeks ahead, so it can still move.
2026-09-25 · in 7 daysConsumer SentimentA scheduled macro release. It moves this stock independently of anything the company does.
Setup & oddsNightly
Direction oddsnext 12m
46 / 53cohort n=3,948
A lean, not a forecast. These are the cohort's odds — comparable names over the window — not this stock's own history.
Pullback riskoverstretch read
In line1.02× segment rate · n=7,908
Historically, large names in this tape state saw a ≥10% pullback within 63 trading days in 68% of cases (n=7,908).
Overstretchvs the 20-day mean
-0.8σ
How many standard deviations price sits from its 20-day mean. Beyond 2σ is genuinely stretched; inside it is ordinary.
Bottom zoneif it breaks down
$39 – $422 supports
Where prior demand appeared: S1 at $41.41, Pivot low at $40.22.
Slide scorefalling-knife check
27 / 100Neutral
A composite of consecutive down days, gap risk and volume expansion. Low means any decline is orderly.
Signal
The odds lean, the stretch qualifies it.
Historically, names tripping 2 validated red flags finished lower 12 months later in 53% of cases (n=3,948) — a survivor-biased floor, not a forecast.
Valuation
Net cash per shareNET DEBT
$-0.41
Cash less every borrowing, per share. It is the part of the price that is not a claim on future profits.
Multiples
Forward P/Eearnings expected over the next 12 months23.8×
Trailing P/EThe company lost money over the trailing year, so there are no earnings for the price to be a multiple of.Not meaningful
Price / salesprice against revenue, before any of it becomes profit9.9×5yr median 7.3×
Price / bookprice against the accounting value of the assets5.6×
EV / EBITDAthe multiple an acquirer would pay205.0×
EV / free cash flowenterprise value against the cash the business throws off45.9×
FCF yieldfree cash flow per dollar of market value2.20%
4 of the 6 priced multiples above sit in the richer half of its band. 1 is marked not meaningful because the figure it divides into is negative — shown as absent rather than as a low, cheap-looking number. Each priced multiple is read against this stock's own history where a five-year range is on file, so the question is whether today is dear for this name rather than for the market. The multiples are computed separately from the quote above and are not re-priced as it moves, so they can lag it.
Price horizon & timingSep 17, 2026
Entryzone of pivot low + S1
$41.63In zone
Where the composer's entry sits, on its own stated basis.
Target52-week high
$52.15$52–$53
A zone, not a price. It is where the composer expects supply, not a forecast.
Stop2× ATR below entry
$38.20risk $3.43/sh
The level that says the setup is wrong, on the basis named beside it.
Risk / rewardtarget vs stop
3.06:1
Reward against risk on the composer's own levels.
Measure from a price$
To the 50-day
-6.0%
short-term trend line · $38.94
To the 200-day
-22.3%
primary trend line · $32.16
To the put wall
-3.4%
heaviest put open interest · $40.00
To the call wall
+8.7%
heaviest call open interest · $45.00
To the composer's target
+26.0%
52-week high · set Sep 17, 2026 · $52.15
To the composer's stop
-7.7%
2× ATR below entry · set Sep 17, 2026 · $38.20
To the 52-week high
+26.0%
highest print of the past year · $52.15
To the 52-week low
-59.5%
lowest print of the past year · $16.78
Options-implied week ±7.7%
$38.23 – $44.57
what the chain prices for the week
A typical day (ATR)
$39.68 – $43.12
±$1.72 average true range
Type any price to re-measure every distance from it. Each row is a level this page already states somewhere else, so nothing here is a new number — and none of it is a recommendation to trade at that price.
Signal
The levels line up.
Entry $41.63 · stop $38.20 · target $52.15, a 3.06:1 ratio. The composer flagged: fair-value reference.
Gamma mapChain · Sep 18, 2026
Signal
Long gamma — moves get absorbed.
Dealers hedge against the move, which damps volatility around the current strikes. It makes the tape quieter without saying anything about which way it goes.
Options tapeFront expiry 2026-09-18 · Chain · Sep 18, 2026
Max pain-3.2%
$42.00
The strike where most open options expire worthless. Price often drifts toward it into expiry.
Put / call ratio (OI)PUT-HEAVY
1.07
48% calls
52% puts
Open interest in puts against calls. Heavy call interest often caps how far price can run before expiry.
Put / call ratio (volume)TODAY'S FLOW
0.22
Today's traded flow rather than the standing position. It moves faster and means less.
Expected move (1-week)≈ $3.32
±7.7%
What the chain prices for the week. A range the market is charging for, not a forecast.
Largest open interest · front expiry
StrikeTypeOpen interest
$45.00CALL4,875
$40.00PUT3,186
$40.00CALL1,724
$39.00PUT1,585
$47.00CALL1,382
$46.00CALL1,262
Large call interest above the price acts as a magnet and a ceiling; large put interest below is a floor of hedges. The biggest strike is the level the market is most committed to defending into the next expiry.
Open interest by strikeexpires 2026-09-18CallsPutsMax pain $42.00
407
$47.50
81k
$47.00
935245
$46.50
01k
$46.00
839189
$45.50
165k
$45.00
343514
$44.50
42675
$44.00
948233
$43.50
1681k
$43.00
409114
$42.50
60219
$42.00
77798
$41.50
276336
$41.00
3212k
$40.00
3k171
$39.00
2k
The shaded row is the strike nearest the price. Heavy call interest above acts as a ceiling; heavy put interest below is a floor of hedges.
↑ 52-week high$52.15+20.2%The highest print of the past year.Old highs draw profit-taking on the first attempt.
↑ Call wall$45.00+3.7%Heaviest call open interest on the front expiry.Acts as a ceiling into expiry; a close above usually needs a catalyst.
◇ Max pain$42.00-3.2%Where most open options expire worthless.Price often drifts toward it into the close of the expiry week.
↓ 50-day average$38.94-10.3%The line the short-term trend is measured against.A close beneath it is the first structural warning.
↓ Put wall$40.00-7.8%Heaviest put open interest — a floor of hedges.Dealer buying tends to build as price approaches.
0413F quarterly · Form 4 dailyNET SIGNAL +8
Ownership & flow
Institutions hold 87%, short interest is 9.74% of float, and 21 analysts average $49.
↳ Plain EnglishWho is buying and selling, and what they had to disclose. Institutions file 13F 45 days after quarter end, executives file Form 4 within two days, and Congress discloses under the STOCK Act with a 30–45 day legal lag. Every one of those is a look backwards.
Net signal
+8MODERATE · 30d
2 bull / 2 bear factors. The points sum to the net beside the label; nothing here is weighted after the fact.
The QTick signalNightly
Analyst moves90D · TIMING
+7
4 analyst upgrades in 90d
Earnings4 QUARTERS · TIMING
+3
latest EPS beat by 12%
Insider flow120D · TIMING
-1
net insider selling ($10,274,972 across 17 sells) in 120d
Sentiment1–30D · TIMING
-1
7d sentiment depressed (17/100)
Signal
2 bull / 2 bear factors
Independent factors scored and netted to +8 over 30d, a moderate reading. 4 of 9 factors carried a direction; the others scored zero and do not vote. The signal describes where the data leans, not what to do about it.
Cross-category readSep 18, 2026
Signal
3 of 5 families lean up.
Descriptive only — a decorrelated read of where the evidence agrees and conflicts, not a forecast and not advice. Patterns are condition lists, not outcome predictions, and are not yet validated to the proof bar. Dispersion of 0.15 means the disagreement is real but not a split decision.
Wall Street21 covering firms
Consensus rating21 ANALYSTS
Buy
85% buy · 15% hold · 0% sell, as a share of the 21 covering firms.
Median price target+18%
$49
$35now $41$55
A $35–$55 spread across the panel. A twelve-month view, and a wide spread means real disagreement rather than a consensus.
Forward EPS estimateCONSENSUS
$1.74
What the panel expects the company to earn per share.
Recent analyst moves · last 90 days
FirmTargetDirectionRank
Citigroup$48↑48/100
UBS$48↑50/100
Piper Sandler$55↑48/100
Benchmark—↑47/100
HSBC—↑45/100
Oppenheimer$47↑49/100
Citizens$45↑48/100
Wells Fargo$48↑49/100
Upgrades, downgrades and target changes from covering firms. A cluster of moves in one direction matters more than any single target; the rank is the firm's own credibility score, or a dash below the scoring floor.
Who owns it13F quarterly · Form 4 daily
Institutional ownershipINSTITUTIONALLY HELD
86.6%
The share held by 13F filers. It describes last quarter's positioning, not today's — filings land up to 45 days after quarter end.
Insider ownershipOFFICERS & DIRECTORS
3.4%
The share held by the people running the company.
Short interest (float)LIGHT
9.74%
Rising — shares short changed +1.6% over 30 days. A crowded short is fuel in both directions.
Free float82% OF SHARES
357.95M
Shares actually available to trade, excluding insider and restricted holdings.
Dollar volume (ADV)96th PCTILE
$390.55M/day
At this depth, position size is not a constraint for a retail account.
Borrow feeData unavailableWe do not license securities-lending data, so the annualized cost of borrowing shares to short is not something we can show. Short interest and days-to-cover above are the closest read we can source.
Insider filings · Form 4
InsiderTradeAmountPlanTraded
Blum Alexander · SVP, Chief Operating OfficerSell$1.4M—28 Aug
Blum Alexander · SVP, Chief Operating OfficerSell$523,995—28 Aug
Blum Alexander · SVP, Chief Operating OfficerSell$88,007—27 Aug
Blum Alexander · SVP, Chief Operating OfficerSell$880,728—25 Aug
Blum Alexander · SVP, Chief Operating OfficerSell$52,360—25 Aug
Yahes Jarrod · SVP, Chief Financial OfficerSell$55,140—25 Aug
Executives must file within two business days. Sales on pre-set 10b5-1 plans are scheduled months ahead and carry little signal; tax withholding, exercises and awards are compensation mechanics, not trades; the open-market lines are the ones to read.
The story · news & sentimentRolling window
Why it moved todayPEER COMOVE
-1.05%
U fell −1.05% in after-hours trading alongside 3 of 3 peers (median 1.97%) — a sector/market move, not company-specific.
News tone · 7-day—
17 / 100
Headline polarity over the window, scored from news articles. Above 60 leans positive, below 40 negative. Colour, not a signal.
Newswire · 49 stories
WhenHeadlineSourceTone
WedUnity Software Inc. (U) Sees a More Significant Dip Than Broader Market: Some Facts to Know - Yahoo FinanceYahoo Financenot scored
WedUnity Software Inc. (U) Sees a More Significant Dip Than Broader Market: Some Facts to KnowZacksnot scored
TueUnity (U) Stock Could Be Worth More Than Its Price TodaySimply Wall St.not scored
TueUnity (U) Stock Could Be Worth More Than Its Price Today - Yahoo Finance UKYahoo Finance UKnot scored
TueUnity (U) Stock Could Be Worth More Than Its Price Today - Yahoo FinanceYahoo Financenot scored
SatUnity Software (U) Climbed, But What Is Drawing Attention Now? - simplywall.stsimplywall.stnot scored
Sep 113 Reasons U is Risky and 1 Stock to Buy InsteadStockStorynot scored
Sep 11Why Unity Software (U) Stock Is Up Today - Quiver QuantitativeQuiver Quantitativenot scored
Coverage published around the move, newest first. Nothing here measures causation — only the why-it-moved card above is matched to the tape by timestamp.
CongressSTOCK Act · 30–45d lag
Signal
Net selling.
1 of 3 disclosures are buys and 2 are sales. Lawmakers disclose on a 30–45 day legal lag, so this describes what was done weeks ago, not what is being done now.
0510 graded callsORDINARY VOLATILITY
Risk & track record
Beta 2.15, 30% annual volatility, a -65% worst drawdown, and 3 of 8 risk surfaces clear.
↳ Plain EnglishWhat owning it does to a portfolio, what the model votes against, and how often our own calls have been right. Every call is graded when it resolves, and the ones still open stay visible.
A very bad day (EVT)
−8.8%1-IN-200 DAY
Fitted to the tail of the return distribution rather than assuming a bell curve. Size the position so a day like this is survivable.
What it does to a portfolio5-year window
Beyond the tail (ES)1-IN-1,000 DAY
−17.7%
The average loss on a 1-in-1,000 day or worse — deeper in the tail than the 1-in-200 figure above and further than the measured history reaches, so it reads as the scale of a crash, not a forecast of one.
Tail understatementNEAR-NORMAL
1.2×
The tail runs close to what a normal curve would predict, so volatility is a reasonable proxy for risk here — which is not true of every name.
Max drawdownIT CAN HALVE
-65.4%
The deepest peak-to-trough fall in the measured window. Only hold a position you can watch do this.
Beta (vs the market)AMPLIFIES
2.15
Moves about 2.1× the market over the past year.
Annualized volatilityORDINARY
30%
How far it swings over a year, from its own realized returns.
Tactical phaseNIGHTLY READ
Neutral
Selling pressure67
Buying pressure0
Overheat3
State: neutral — No dominant short-horizon pressure in the tape.
What votes againstNightly
LowInsider flownet insider selling ($10,274,972 across 17 sells) in 120d120d · -1
LowSentiment7d sentiment depressed (17/100)1–30d · -1
Signal
2 of 9 factors vote against.
Ranked by the size of each factor's own point contribution to the net signal — these are the model's stated reasons, not a written bear case. Each one is scored from the source named beside it.
Failure modes · by company type
Data unavailableFailure modes are routed per company type, and only the bank-run and crypto-treasury rulebooks are validated so far. This name routes as growth, so there is no cohort-specific checklist to run. A generic list would read as analysis without being any.
The risk case · why not to buy8 surfaces · nightly
Suggested position capmax defensible size
3.3%tail cap binds
max defensible size 3.3% - tail binds
Avoid score6-month distress
13.9%1.5× its cohort · most-traded mega-caps
Observational 6-month large-drawdown risk ranking — not a forecast, not alpha. Historical distress rate for this most-traded mega-caps segment: 9.3%. This name reads 1.5× that base rate.
LowDistress screenThe distress model did not score this name in the latest run, so this surface is unmeasured rather than clear.Not scored
MedPosition size, not conviction, is the binding constrainthalf-Kelly 44.3% · tail cap 3.3% · category cap 90.1%. The tail cap binds, so 3.4% is the number (n=25,762). We show which one binds rather than the friendliest.Sizing
LowLottery-ticket behaviourIts best 21-day return sits at 4.5% against a 8.7% cohort 90th-percentile threshold — below the line where forward returns have historically turned negative.Behaviour
LowCash runwayNon-burner: catastrophe rate 6.1% (n=297414).Solvency
MedPost-earnings driftMove already priced: after jumps this large, measured drift edge is zero.Timing
LowDividend riskNot scored for this name.Not scored
LowRestatement historyFiling history is not deep enough to check for restatements.Not scored
LowCrowded shortNot in a warn state: the crowded-short model only publishes when short interest and thin liquidity coincide, and neither condition is met here.Not scored
Signal
3 of 8 surfaces clear.
8 surfaces checked, 3 clear. The binding constraint is position size — the tail cap is the one that binds. Each row states which surface it is and what it measured; a surface that could not be scored says so rather than counting as clear.
Who should skip it
Skip it if any of these is you
You can't sit through -65%
That is this name's deepest measured fall, on 30% annualized volatility. A drawdown of that size is normal here, not exceptional.
You want income
A 0.00% yield is a rounding error against cash. This is a capital-gains position.
You're already heavy in this market
A 2.15 beta means you would be stacking the same bet rather than spreading it.
Our track record10 resolved
Track recordBUILDING IN THE OPEN
30 logged
30 calls logged on this name, 10 resolved so far. Calls are logged the moment they are made, so the open ones are public before anyone knows how they turn out, and a hit-rate is not published until enough of them resolve.
Calls on UTHIS NAME
30
This name's own call count. Too few have resolved to publish a rate over them, so none is shown rather than a rate over 10.
0610-K disclosed linksAPPLICATION SOFTWARE
The wider context
5 mapped peers, 4 connections.
↳ Plain EnglishCompanies do not trade alone. This is the peer set, the supply chain that has to deliver, and the macro variables that move the stock regardless of company news.
Next macro catalyst
Consumer SentimentIN 7 DAYS
2026-09-25. A scheduled release that moves this stock independently of anything the company does.
Versus peersLatest session
Peer set · 5 names
SymbolRelationshipPriceSession
SAPGFPeer$209.85-1.92%
SAPPeer$209.45-1.97%
CRMPeer$237.92-2.03%
SHOPPeer$128.50-0.08%
UBERPeer$70.50-0.52%
The mapped peer set and how each traded in the latest session. A peer moving with this name says the move is the sector's; one moving against it says the move is this company's.
Time machineHistory from 2026-06-02
Signal
Every backward window is positive.
That is the definition of a stock that has already worked, and it says nothing about the next window. What it does tell you is what a drawdown would be measured against.
Macro driversRolling window
Events · what moves this stockSep 15, 2026
Initial jobless claimsUsually helps when more people file for benefits than expected
Rising joblessness pushes the Fed toward lower rates, which lifts growth-priced tech.
Typical for the Technology sector
On the day +1.4% · A week later +5.3% · Two weeks later +8.7% · Rose on 9 of 17 report days
Across the last 17 Initial jobless claims reports since Jun 8, 2023, U moved +1.4% on average on the day and was 8.7% higher two weeks later. The S&P 500 moved +0.4% on those days.
Core PCE (the Fed's gauge) is due in 12 days.
Core PCE (the Fed's gauge)Usually hurts when inflation runs hotter than expectedSoftware companies' value is mostly future profits, which are worth less when rates rise.
Typical for the Application Software industry
On the day +1.2% · A week later +3.6% · Two weeks later +11.9% · Rose on 3 of 4 report days
Only 4 reports on file, so treat this as a sketch, not a pattern. Across the last 4 Core PCE (the Fed's gauge) reports since Jun 28, 2023, U moved +1.2% on average on the day and was 11.9% higher two weeks later. The S&P 500 moved 0.0% on those days.
Core inflation (core CPI)Usually hurts when inflation runs hotter than expected
Software companies' value is mostly future profits, which are worth less when rates rise.
Typical for the Application Software industry
On the day +0.5% · A week later +3.9% · Two weeks later +5.6% · Rose on 2 of 4 report days
Only 4 reports on file, so treat this as a sketch, not a pattern. Across the last 4 Core inflation (core CPI) reports since Jun 12, 2023, U moved +0.5% on average on the day and was 5.6% higher two weeks later. The S&P 500 moved +0.2% on those days.
Inflation (CPI)Usually hurts when inflation runs hotter than expected
Software companies' value is mostly future profits, which are worth less when rates rise.
Typical for the Application Software industry
On the day +0.5% · A week later +3.9% · Two weeks later +5.6% · Rose on 2 of 4 report days
Only 4 reports on file, so treat this as a sketch, not a pattern. Across the last 4 Inflation (CPI) reports since Jun 12, 2023, U moved +0.5% on average on the day and was 5.6% higher two weeks later. The S&P 500 moved +0.2% on those days.
PCE inflation is due in 12 days.
PCE inflationUsually hurts when inflation runs hotter than expectedSoftware companies' value is mostly future profits, which are worth less when rates rise.
Typical for the Application Software industry
On the day +1.2% · A week later +3.6% · Two weeks later +11.9% · Rose on 3 of 4 report days
Only 4 reports on file, so treat this as a sketch, not a pattern. Across the last 4 PCE inflation reports since Jun 28, 2023, U moved +1.2% on average on the day and was 11.9% higher two weeks later. The S&P 500 moved 0.0% on those days.
Bank of Japan decision is due today.
Bank of Japan decisionUsually hurts when the Bank of Japan sounds more hawkish than expectedInvestors who borrowed cheap yen to buy US tech stocks sell them first when Japan raises rates.
Typical for the Technology sector
No price history on file yet for U around this report. The read above is for its sector as a whole.
Export-control or entity-list actionUsually hurts when export controls are tightened
Chip and equipment makers lose sales to the restricted country.
Typical for the Technology sector
No price history on file yet for U around this report. The read above is for its sector as a whole.
FOMC decisionUsually hurts when the Fed sounds more hawkish than expected
Software profits are mostly far in the future and worth less at higher rates.
Typical for the Application Software industry
No price history on file yet for U around this report. The read above is for its sector as a whole.
Customer momentum
Data unavailableCustomer momentum needs listed customers that disclose a revenue dependence on this company, and none is on file. The connections below are a different map: competitors and partners, most of them curated rather than filed.
Connections4 links · 1 confirmed
Direct connections · 4 edges
CompanyRelationSessionProvenance
APP · Competitorcompetitor-4.21%Confirmed · manual
AAPL · Partnerpartner-0.26%Rumored · manual
GOOGL · Partnerpartner+0.64%Rumored · manual
AMZN · Suppliersupplier+1.00%Rumored · manual
1 of 4 edges are named in a filing; the rest come from reporting we have not matched to one yet, and are labelled as such.
Glossary · every term on this page
Survival
Altman Z
Bankruptcy-risk score. Above 3.0 is the safe band.
Piotroski F
Nine pass/fail health tests; 7 or more is strong.
Beneish M
Accrual and growth pattern screen. Clear below −2.22, watch to −1.78, elevated above; a year of very fast revenue growth lifts it by construction.
Merton DTD
Standard deviations of asset value between the company and its debt.
EDF
Default frequency calibrated on what actually happened to similar names.
Price & tape
RSI-14
Momentum gauge 0–100. Above 70 is overbought, below 30 oversold.
ATR
Average true range — the size of a typical day.
VWAP
20-day volume-weighted average price — the average paid over the last month; the page shows no intraday VWAP.
Supertrend
A trend-following stop line. A close through it flips the read.
Chandelier
A trailing stop set a few average ranges below the recent high.
Options & flow
Gamma / GEX
Dealer hedging pressure. Negative gamma amplifies moves both ways.
Call / put wall
The strikes with the heaviest open interest; they act as ceiling and floor.
Max pain
The strike where most options expire worthless.
13F · Form 4
Institutional filings, 45 days after quarter end. Insider trades, within two days.
Scoring
Composite signal
Independent factors scored and netted into one number.
Hit-rate
Share of past calls that resolved in the direction stated.
Brier score
Calibration measure. Lower means stated probabilities track reality.
HHI
Concentration 0–10,000. Above 2,500 means one segment carries the company.
EVT
Fits the tail rather than assuming a bell curve, so bad days are not understated.