Reference
Glossary
Every term you'll meet on ByteTrend, in plain English.
The ByteTrend score covers the score mechanics in full; ByteTrend 101 walks through them at a gentler pace.
The score
ByteTrend score
A trend score, from 0–5, reflecting how many of the five yes/no trend tests an asset passes. Calculated daily on two timescales (Daily and Weekly) and two price series (Local and CAPR), giving four scores per asset. See The ByteTrend score.
Trend regime
A five-way classification layered on the score: Leading Trend, Emerging Trend, Weakening Trend, Bear Trend or Neutral. Each of the four scores has its own regime. The named regimes require the series being scored to sit at a high or low of the regime window — the CAPR series for the CAPR regimes, the local price for the Local ones; 30 weeks for Weekly, 30 days for Daily (42 for digital assets) — so they are rare. Most assets, most days, are Neutral. The site shows the Weekly CAPR regime by default. The conditions are tabled on The ByteTrend score and explained in Trend regimes.
Sparkline
The miniature chart beside each score in the asset tables. It plots roughly a year of weekly CAPR — the shape of the asset's relative performance, not the path of its score. The colour reflects whether it is higher (green) or lower (red) than a year ago. For how a score has moved, read the Chg columns (the daily change in each score) and the consecutive-week counts.
Consecutive weeks at 5 / at 0
How long an asset has held the maximum (or minimum) score without interruption. Long streaks at 5 mark durable leadership; long streaks at 0 mark entrenched downtrends.
Div divergence
The Daily score minus the Weekly score, on the same series — one Div column for CAPR, one for Local. Positive means the Daily score is ahead of the Weekly: short-term momentum running ahead of the long-term trend. Negative means the Daily is lagging, often the first sign an established trend is tiring.
Relative performance
CAPR Currency-Adjusted Price Relative
CAPR is a ratio, which reflects the asset's price, converted into dollars (USD), divided by the MSCI World index. Essentially, true relative performance. A rising CAPR means the asset is outperforming the global equity benchmark, a falling CAPR means it's lagging. It is a performance measure, not a valuation measure.
MSCI World
The broad global developed-market equity index ByteTrend uses as its benchmark for all relative (CAPR) calculations.
Under the hood
Windows below are named the way the platform labels them — 30W, 200W and so on — and for stocks, ETFs, futures and FX they count trading weeks. Digital assets scale them to calendar days (×7/5). The exact figures are on The ByteTrend score.
Moving average MA
The average closing price over a fixed historic window, recalculated every day. ByteTrend uses a long/short term pair on each timescale: 200-day and 30-day (Daily), 200-week and 30-week (Weekly). The long average describes the underlying trend; the short average describes recent direction.
Last touch high / low
The fifth scoring rule. Within a rolling window (20 days on the Daily timescale, 20 weeks on the Weekly), did the price or CAPR chart more recently touch the top of its range (a new high) or the bottom (a new low)? Touching the high more recently is trend-confirming.
Adjusted close
The price series after adjusting for corporate actions such as stock splits. All ByteTrend scores, moving averages, highs/lows and drawdowns are computed on adjusted prices, so a 10-for-1 split doesn't masquerade as a 90% crash.
Risk and range
Drawdown
How far price sits below its recent high, as a percentage — e.g. a 52-week drawdown of −20% means the price is a fifth below its highest point of the past year.
% Dev from 30W high / low
The deviation between today's level and the highest (or lowest) level of the past 30 weeks, as a percentage. 0% from the high means the asset is at a 30-week high. This is the condition the trend regimes use. It is shown for both Local and CAPR series.
% Dev from 200W high / 200W MA
These are longer time horizon measures: the distance from the 200-week high and from the 200-week moving average, in local currency or CAPR terms. Useful for judging how extended or depressed an asset is relative to its multi-year range.
Annualised volatility 30W
How much the asset's returns have varied over the past 30 weeks, scaled to an annual rate. Higher volatility means larger day-to-day swings for the same trend — useful for judging position sizing and how much noise to expect in the score.
Vol Cat volatility category
Low, Medium or High — the asset's 30-week volatility ranked against every other asset in its family — all stocks, all digital assets, and so on — not just the rows in the table you are looking at. The bottom decile is Low, the top decile High, everything between Medium. Because each family is ranked separately, a digital asset marked High is high relative to other digital assets, not to equities. It's a relative measure, so the boundaries move with the market.
Market cap USD
The company's total equity value converted to US dollars — the default sorting order of the asset tables, and the ranking behind the top-50, top-200 and other cuts the Free and Signed-up plans see.
On the platform
Breadth
How widely a trend is shared: the share of stocks (or assets) at a score of 5 against the share at 0, or at a high against at a low. The CAPR Overview charts the share of stocks in a Leading or Bear Trend; each dashboard has a Breadth chart of its own.
Relative high / low
A CAPR series at the high (or low) of its regime window — the asset at its best (or worst) relative to the world market in that window. The dashboards' new highs and lows count these on the CAPR scores, and price highs and lows on the Local ones. At a high, an asset scoring above 0 is in a Leading or Emerging Trend; at a low, a Weakening or Bear Trend. A completely flat window is both, and the high wins.
Winners / Losers
Every stock with a score of 5 (Winners) or 0 (Losers), wherever it sits in its range. They always include the Leading and Bear Trend stocks, so they are at least as many. Macro's Winners and Losers pages follow them.
Rising in dollars, or beating stocks?
A dashboard box for digital assets, futures and ETFs comparing the two bases. It counts how many are strong (4–5) on the Local score — in US dollars for digital assets and futures, in the fund's own currency for ETFs — against how many are strong on CAPR, against MSCI World. Then it lists the ones strong on Local but weak (0–1) on CAPR: going up, yet lagging the world's stock market.
Exposure groups ETFs
How the ETF dashboard groups funds: by what a fund is exposed to, not by who issues it. Asset class (Equity, Fixed income, Commodities, Alternatives, Digital assets, Real estate, Multi-asset, Currency); exposure region — a single country, or else a single region, holding at least 80% of the fund's holdings that can be placed in a country, otherwise Global (none when under half the fund can be placed, or for a fund with no geography, such as gold or bitcoin); and, for equity funds, exposure sector — a single sector holding at least 60% of the fund's invested holdings (cash left out), otherwise Theme or Broad. Funds are reclassified monthly.
Futures groups
The six groups the Futures dashboard sorts contracts into: Stock indices, Rates, Dollar, Energy, Metals and Agriculture & livestock.
Market-cap tier digital assets
How the Digital dashboard groups digital assets by size: Large (over $10 billion), Mid ($1–10 billion), Small ($100 million–$1 billion) and Micro (under $100 million).
Plans and universes
Universe
The set of assets a product runs on. ByteTrend runs on the ByteTrend universe — nearly every asset ByteTree tracks — on every plan. Six more belong to ByteTree's other products and research portfolios (BOLD, Whisky, Soda, Quality, Global Opportunities, ByteFolio), scored by the same rules; they are those products' datasets, read through the API, not views inside ByteTrend. See Plans and universes.
Plan
What decides how much of ByteTrend you see: Free, Signed up, Screens ($25 a month) and Analyst (API + MCP) ($100 a month). Below Screens, only the largest stocks, ETFs and digital assets — by market cap — carry scores and stats, and the rest are listed without them; futures and FX are scored on every plan. Not to be confused with a screen in the everyday sense, a filtered shortlist you build yourself. The full table is on Plans and universes.