Filings, Insiders & OwnershipCore researchlive in productionNew
SEC Comment Letter Drift
Updated dailyData needs: mediumlong onlylong short
In plain terms
When a company receives an SEC comment letter, it tends to underperform for ~12 months.
How it works
Receiving an UPLOAD/CORRESP comment letter predicts ~2-4% negative drift over 12m.
Live results
0 times picked on its own · 139 times inside a blend (124 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 139 such blended picks (124 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 comment letters
A data feed this strategy reads, refreshed on its normal schedule.
Expected edge
- Reported return
- ~2-4% over 12m
CDM 2013: ~2-4% over 12m.
Explore SEC Comment Letter Drift on alphactor.ai
See which tickers this family is currently firing on, with live signals and rankings.