Whale score
Kereon's 0–100 reading of whether insiders, institutions, funds and politicians have been net buyers of this company.
Formula
Whale score = Σ weight × group score ÷ Σ weights of the groups with data Group score = 100 × bought $ ÷ (bought $ + sold $)
Inputs
- Insiders (40%). The insider conviction score.
- Institutions (25%). Net 13F changes, weighted by dollar value.
- Hedge funds and funds (20%). The same, for the fund filers.
- Politicians (15%). Disclosed purchases against sales.
How to read it
50 is balanced; above is net buying. It reports what disclosed holders did, not what they will do.
How to use it
One read of what every kind of disclosed holder has been doing.
Limitations
Rests on late disclosures; with no dollar values on record a group falls back to counting trades.
In Kereon
Whales. Over the last 90 days, four net-direction scores weighted insiders 40%, institutions 25%, hedge funds and funds 20%, politicians 15%. A group with no disclosures drops out and the rest are reweighted; below 35% of the intended weight no score is published.
Also called: whale score.