> ## Documentation Index
> Fetch the complete documentation index at: https://docs.forwardmodel.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# What a score means

> A score is our AI agent's call on one stock, on one day: how it expects that stock to do against the other scored stocks over the next 21 trading days.

A score is our AI agent's call on one stock, on one day: how it expects that stock to do against the other scored stocks over the next 21 trading days.

## The scale

* Scores run from **1 to 10**, to two decimals.
* A score is a **position among that day's scored stocks**. A 7.42 means the stock ranks above most of the stocks scored that morning. **Compare scores within the same day**; a 7.42 today and a 7.42 last week sit in different groups of stocks.
* `top_pct` says the same thing in words: a stock in the top 29% of the day's scores has `top_pct` 29.

## The bands

Each score falls in one of five bands, each holding about a fifth of the day's stocks:

| Band | Scores | Where it sits |
| - | - | - |
| Strong | 8.20 and up | the top fifth |
| Above average | 6.40 to 8.19 | the next fifth |
| Middle | 4.60 to 6.39 | the middle fifth |
| Below average | 2.80 to 4.59 | the next fifth |
| Weak | below 2.80 | the bottom fifth |

## The reasons

Each score comes with a one-line `summary` and the main points `for` and `against`, in plain words, and sometimes things to `watch`.

## When scores are set

Every trading day, our AI agent reads what is knowable about each company, weighs the case for and against, and finishes its scores **before the market opens**. Each entry carries three times, in US Eastern time:

| Field | What it means |
| - | - |
| `context_through` | The newest information the score could use. |
| `scored_at` | When our AI agent scored the stock. |
| `set_at` | When the day's scores were locked and published. |

Once published, a day's scores don't change, and everyone gets the same score at the same time. Asking again returns the same answer.

## How the scores are graded

Each day's scores are graded 21 trading days later, by what the market did, after taking out what the market as a whole and common factors explain. The average grade over every graded day is **Forward Skill**, shown on our home page.

## Which stocks are scored

About 3,000 US-listed stocks each trading day, covering most of the market by value. Funds, ETFs and other non-equities aren't scored; ask for one and it comes back under `not_scored`.

## Not investment advice

The scores are the same for everyone and don't know your situation. They aren't personal investment advice.


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