How to Read Meridian's Conviction Score

What the Conviction Score Represents

The Meridian Conviction Score is a compact ranking of publicly available signal records associated with a ticker. It helps users sort a large universe and open the underlying evidence. The number is not an estimate of intrinsic value, expected return, or the confidence of any identified investor.

Observable Facts Versus Interpretation

An observable fact might be that a Form 4 purchase was filed, a fund reported a holding, or off-exchange volume changed. Calling the record bullish, bearish, or notable is an interpretation. Meridian keeps the source details available so users can distinguish those layers and judge whether the interpretation is reasonable.

Freshness and Missing Data

Signals update on different schedules. A delayed filing can remain relevant for historical research while being too old for a current-market claim. Missing data is shown as unavailable rather than silently converted into a neutral or favorable signal. Always review the event date and latest source timestamp.

How to Use the Ranking

Use the ranking to select a research queue, then inspect each source record. Compare independent sources, look for conflicts, and check business fundamentals and market context. Do not infer a trade, position size, or risk limit from the displayed number.

What the Public Methodology Does Not Expose

Meridian does not publish internal calibration or activation rules. The durable public contract is the source provenance, timestamp, availability state, and displayed explanation. This keeps the product auditable without turning private mechanics into a trading recipe.

Key Takeaways

• The score ranks disclosed evidence; it is not a return probability.
• Source details and timestamps matter more than the aggregate number.
• Missing or stale inputs must remain visible.
• Use the ranking to prioritize research, not to automate an investment decision.