Filings, Insiders & OwnershipExtended setexperimental liveNew

same-state HQ relative-value reversion

Updated dailyData needs: highlong onlyshort onlylong short

In plain terms

When a company drifts away from other firms based in its home state, it tends to drift back.

How it works

Trades the focal name's dislocation from a basket of companies headquartered in the same US state, de-meaning the shared-state common move and mean-reverting the residual gap. Same-HQ-state spillover has no documented lead-lag basis, so this is an exploratory pure-cross-sectional reversion lane rather than a directional spillover.

Live results

0 times picked on its own · 361 times inside a blend (326 beat the stock) · updated 2026-06-06

This strategy is a frequent ingredient in blends that combine a few strategies on one stock. It has contributed to 361 such blended picks (326 of which beat simply holding the stock). Picking it on its own is only one of the ways it shows up.

How its picks scored vs. buy & hold

Each pick is graded on a recent year it was never tuned on, against simply owning the same stock

Where its edge concentrates

Share of picks in each company-size group that beat buy & hold

How often it trades

Active vs. patient. Bars on the left mean it waits for rare setups; bars on the right mean it trades often

Return vs. buy & hold

How much each pick beat or trailed simply owning the stock over the test year (extreme microcap moves trimmed)

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Data dependencies

Entity graph edges
A data feed this strategy reads, refreshed on its normal schedule.
Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.
Firm hq locations
A data feed this strategy reads, refreshed on its normal schedule.

Expected edge

Idiosyncratic reversion of a stock toward firms sharing its home state; weak/exploratory, served from a pooled cross-sectional row.

Related families

13F co-holder relative-value reversionFilings, Insiders & Ownership

When a stock drifts away from the other companies the same big funds own, it tends to drift back.

same-state HQ reversal spilloverFilings, Insiders & Ownership

Tests whether a stock snaps back when companies in its home state overreact.

TNIC peer relative-value reversionFilings, Insiders & Ownership

When a company drifts away from its closest product-market rivals, it tends to drift back.

Explore same-state HQ relative-value reversion on alphactor.ai

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