How Sagehood works
What Sagehood publishes, how often, how the SA30 index is built, and the limits of what its numbers show.
What Sagehood publishes
Sagehood publishes a research view on the 100 U.S. stocks it covers. The 100 stocks are the members of the S&P 500 index with the highest average daily trading volume, in shares, over the previous 60 calendar days. Sagehood calls this list the Liquid 100; the current list is as of 2026-10-30.
Each view is dated: it uses information up to one market close, and that date is shown with it. A view is Bullish, Neutral or Bearish, read from a research score (50 is balanced): in current research 65 or above is Bullish, 44 or below is Bearish, and anything in between is Neutral. Archived simulations used different cut-offs.
With each view come the reasons for it, the main risk to it (for a Neutral or Bearish view, what argues against it), and a break condition: what would show the view is wrong. When one of these is missing, the page says so instead of filling it in.
How often
Sagehood aims to publish one research update for every U.S. market session. Each update uses information up to one session’s close and is meant for the next session.
Some sessions are missed: Sagehood’s record lists 35 missed sessions so far, most recently 2026-10-20. For a missed session no research was published in time; anything published for it afterwards does not count as on time. Until the next update, the pages keep showing the last research with its date, and a notice at the top of the page says the research is out of date.
Some research is published late. It stays on the site with its date, but it does not count as on time.
What “on time” means
Research counts as on time only when Sagehood’s record confirms it. Among other checks, the record confirms that the research was published before the close of the session it is meant for (4:00 p.m. New York time), and that none of the information it uses is dated after its research date. Research the record cannot confirm does not count as on time.
Pages that say “point-in-time” refer to this same record.
How the SA30 index is built
Sagehood30 (SA30) is an index of 30 stocks chosen from the 100 Sagehood covers.
- Choosing the stocks
- Every covered stock is ranked by what Sagehood’s research specialists conclude about it: the direction they lean counts most, and how confident they are counts less. The 30 highest-ranked stocks make up the index.
- Weighting
- At each rebalance every stock gets an equal share of the index’s value. Between rebalances the shares drift as prices move.
- Rebalancing
- Every 7 sessions until 2026-07-16; since then at each Liquid 100 membership change (40 rebalances; the 2026-10-30 membership change is not yet executed).
- Costs
- Each modeled purchase or sale is charged 5 basis points (0.05%) of the amount traded.
- Comparison
- SA30 is shown next to SPY, a fund that tracks the S&P 500, for market context. SPY is not a like-for-like test of the method.
How the Strategy book is built
The Strategy page follows a smaller book than SA30: the seven stocks with the highest research scores among the 100 Sagehood covers, held in equal weights.
Each dated book takes effect at the next market close and is kept until the next research update replaces it. The book is shown next to SPY for market context.
What “net of modeled costs” means
A return marked “net of modeled costs” has an estimated trading cost already taken out. No trades were placed, so no cost was actually paid: the cost is a flat charge on every modeled purchase and sale; for SA30 it is 0.05% of the amount traded. Taxes are not included, and real trading costs can be higher or lower.
Who writes the research
This research is AI-generated and is not investment advice.
It draws on market prices, company reports and filings, and news, and it can be wrong.
Limits
No real money is invested. The SA30 and Strategy results are calculations of what a book of stocks would have returned; no trades were placed and no one received these returns.
The whole SA30 record is calculated after the fact, starting on 2025-05-01. In its earlier part the picks themselves were also worked out afterwards from past data, rather than published by Sagehood at the time, so that part shows how the method behaves, not what Sagehood said then. The Strategy page labels which of its periods are simulations.
Sagehood has a confirmed record of which stocks were on the list only from 2026-07-21; for earlier dates, past membership is not confirmed.
Data sources
Market prices, company financial data and filings, company research and news are provided by Sugra (sugra.ai).
The S&P 500 candidate list is the version available before the next trading session; it carries no membership history.
Short interest and Reg SHO daily short volume data is owned by and sourced from FINRA (Financial Industry Regulatory Authority). Provided under FINRA's Specific Terms for Equity Data; End Users may not further redistribute this data.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
The list of S&P 500 companies that Sagehood chooses its covered stocks from derives from Wikipedia contributors, “List of S&P 500 companies”, used under the Creative Commons Attribution-ShareAlike 4.0 license (CC BY-SA 4.0). Wikipedia and S&P Global do not endorse Sagehood.