Equibles is built for decisions, so every number has to be traceable and mean exactly what it says. Here's how the data is sourced and handled.
Sources
Regulatory, fundamental, and trading data comes straight from the source of record — not a downstream aggregator:
- SEC EDGAR — filings (10-K/10-Q/8-K/20-F/6-K/40-F), XBRL company facts, 13F holdings, Form 3/4 insider trades, Form D, NPORT-P / N-CEN funds, Form ADV advisers.
- FINRA — short volume, short interest, and off-exchange (dark-pool) volume.
- FRED, CFTC, CBOE — economic series, futures positioning, and VIX / put-call ratios.
- Congressional disclosures — member trades and net-worth bands.
- USAspending — federal contract awards.
- FDA — the advisory-committee meeting calendar.
- Company webcasts — earnings-call audio, transcribed and speaker-attributed.
Each figure a tool returns carries its provenance — the form, filing date, and period — so you can trace it back to the document it came from.
Prices (daily OHLCV) come from a market-data feed and are end-of-day — there is no intraday or real-time quote stream. Technical indicators are computed from that OHLCV.
No heuristics
We never classify financial data by pattern-matching. A company is a REIT because its SIC code says so; a security is common stock because the filing's security type says so — never because of how a ticker or name looks. When the authoritative field is missing, the value is omitted, never guessed.
As-reported, not estimated
Fundamentals come from tagged XBRL — the company's own numbers. A metric with a missing input is excluded from a calculation rather than filled in. Non-GAAP measures (adjusted EPS, FFO/AFFO) are read from the company's own reconciliation and labelled with its verbatim measure name; they're never compared against GAAP actuals.
As-reported vs derived
Most of what a tool returns is as-reported — the exact figure from a filing, with its provenance. Some outputs are derived on top of that data, and we say so:
- Composite scores — the short-squeeze and insider-sentiment scores are peer-relative 0–100 ranks computed from the underlying figures (short interest, days to cover, net insider buying), not values a company reports.
- Narrative extractions — KPIs, forward guidance, non-GAAP bridges, customer concentration, going-concern flags, and earnings briefs/insights are pulled from filing and transcript text. Each one is checked by an independent verifier before it's published and carries the verbatim source quote, so you can confirm it against the document.
Split adjustment
Prices are split-adjusted daily closes. Share counts and 13F positions are restated onto today's split basis so they're comparable across time — while percentages computed from raw filed counts stay split-invariant.
Fiscal periods
Periods are handled precisely: a trailing-twelve-month (TTM) figure sums the four most recent discrete quarters (not a year-to-date total), and every figure is tagged with its fiscal year and period. The Claude Skill captures the conventions we recommend an agent follow.
Freshness
Data is ingested continuously as it's published — new filings, prices, and disclosures are picked up as they land. A quarter's 13F view stays "combined" (funds that haven't filed yet carry their prior-quarter positions) for the 45 days filers have to report.