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Hi -

Thank you for great commentaries as always. How are the sentiment scores calculated? what are the inputs? Just trying to understand if it is based on soft data (surveys) or some other type of data is involved.

Thank you

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VP’s Sentiment Z-score tracks three distinct sets of normalized inputs: fear/complacency priced into option markets; technical oscillators like RSI; and risk-adjusted trailing performance. These are all normalised using the last 3 years worth of data.

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