DT-SYS // HYD-03 — WORLD MARKET STRESSALPACA PAPER · DAILY BUILD

Hydra // world markets

Validated signals (drive the score)

History — score & drawdown since 1970 (computed retroactively, point-in-time percentiles)

Background: ■ calm (drawdown > −2%) · ■ pullback (−2% … −8%) · ■ drawdown (≤ −8%) — from this country's own share prices

Context — shown honestly, not in the score