$ prism-api --info
Behavioral Signal
Infrastructure
A quarterly L/S signal covering 9,100+ US companies, derived from 57 behavioral dimensions scored on SEC filings. Delivered via CSV, API, or S3. +18.83% walk-forward alpha over 20 years.
Flagship
Conduct Risk Index
+18.83% alpha | Sharpe 1.24 | 20 years | 19/20 positive
$ prism-api --query performance
20 Years of Alpha
FF6_ALPHA ........ +18.83%Net of all 6 Fama-French factors. Walk-forward, not in-sample. annualized, walk-forward
SHARPE .......... 1.24Top decile among quantitative signals globally. 236 months OOS
T_STAT .......... +5.59p < 0.001. Survives every standard correction. p < 0.001
DOLLAR_GROWTH .. $22.25$1 invested in 2006 grows to $22.25 by 2025.
MAX_DRAWDOWN ... -22.6%Worst peak-to-trough. Occurred during 2012 formation year.
MKT_BETA ....... -0.33Negative beta = the signal is defensive. Gains when markets fall. defensive
YEARS_POS ...... 19/20Only 2012 was negative (-10%). Every other year positive. 95%
FF6_R2 .......... 18%82% of returns are NOT explained by known factors. This is genuinely new signal. 82% unexplained by known factors
Newey-West autocorrelation-corrected standard errors. Independently audited. Profitability, investment, value, size, and momentum betas all statistically insignificant.
$ prism-api --annual-returns
Every Regime, Every Cycle
'06+25%
'07+3%
'08+13%
'09+4%
'10+14%
'11+37%
'12-10%
'13+23%
'14+9%
'15+40%
'16+26%
'17+6%
'18+9%
'19+11%
'20+48%
'21+16%
'22+10%
'23+27%
'24+19%
'25+22%
19 of 20 positive. Worked through the GFC, taper tantrum, COVID crash, 2022 bear market, and 2024 melt-up.
$ prism-api --methodology
How It Works
SIGNAL Behavioral scores from SEC filings and earnings transcripts
METHOD Proprietary multi-strategy L/S composite
UNIVERSE US public equities (mid/small-cap focus)
REBALANCE Annual
DIMENSIONS 57 proprietary behavioral constructs per company
SOURCES 310,000+ filings (10-K, 10-Q, DEF 14A, 8-K, 20-F, transcripts)
Prism operationalizes "tone from the top" into a quantitative, cross-sectional measure. Conduct risk is a regulator-defined category with $41B+ in US enforcement fines since 2019.
$ prism-api --diligence
Implementation Details
TURNOVER ........ 44% annual, moderate
CAPACITY ........ ~$5.2B break-even AUM after market impact
SECTORS ......... HHI 0.175 diversified, no sector concentration
SHORT_BOOK ...... Fully borrowable
REBALANCE ....... Annual
LIVE_SINCE ...... Aug 2025 paper-portfolio tracking
NEXT_REBALANCE .. Jul 2026
DELIVERY ........ CSV, API, S3 quarterly
UPDATE_CADENCE .. Quarterly scores refresh with new filings
LATENCY ......... <24h from filing to score
$ prism-api --pricing
Access
Evaluation
Sample panel, case study, coverage map, methodology documentation.
Free under NDA
Tier 1 — Conduct Risk Index
Quarterly composite signal with rebalance holdings. API, CSV, or S3.
Annual institutional license
Tier 2 — Raw Panel
Full 57-dimension psychometric panel. Build your own signals.
Premium, auction-based
Listed on Neudata · Eagle Alpha Catalog
Request Evaluation
Sample panel, case study, coverage map, and full validation deck. Free under NDA.