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Risk Factor 10K Item1a Delta
Updated dailyData needs: mediumlong onlylong short
In plain terms
Spike in Item 1A risk-factor changes predicts ~2% underperformance over the next quarter.
How it works
Y/Y change in Item 1A (Risk Factors) text predicts negative drift; distinct from filing_text_delta.
Live results
0 times picked on its own · 2 times inside a blend (2 beat the stock) · updated 2026-06-06This strategy is a frequent ingredient in blends that combine a few strategies on one stock. It has contributed to 2 such blended picks (2 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)
Loading substrate evidence…
Data dependencies
- SEC 10k sections
A data feed this strategy reads, refreshed on its normal schedule.
Expected edge
- Reported return
- ~2% over 3m
Campbell et al 2014: ~2% over 3m on top-decile delta.
Explore Risk Factor 10K Item1a Delta on alphactor.ai
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