Reading LENS

Build a character map of the market — and read its best corner

Updated July 24, 2026

The SYMBOL card reads one stock at a time. LENS reads the whole market at once — you take two of the card's four scores, put one on each axis, and every stock lands somewhere on the resulting map. Where a stock sits tells you its character at a glance, and the four corners of the map are four different kinds of stock.

You build the map yourself. Pick any two of Perform, Persist, Profit, and Pressure — the same four scores at the top of every card — for the X and Y axes, and the whole field replots around your choice.

A quick example: put Perform (price strength) on one axis and Profit (business strength) on the other. The top-right corner is the stocks strong on both — genuine leaders. Top-left is strong business, weak price — overlooked names. Bottom-right is strong price, weak business — froth. Bottom-left is weak on both — laggards. One map, four populations, read in a glance.

How to read a map

Every map is the full 0-to-100 grid, split in four by a crosshair at the middle. A few rules make the corners trustworthy:

Each chip is tinted by its 30-day price change — bright red through white to bright green — so recent momentum reads as color while position reads as character. Two header toggles, High FLOW and Low RISK, thin the field to the sturdiest names; a sector dropdown narrows it further. Hover any chip for its preview card; click to open the full SYMBOL card.

The lit corner, and its Top Picks

The both-strong corner — top-right — is highlighted, and the names in it are ranked into a Top Picks list beside the map, best-fit first. A one-year, equal-weighted backtest of that basket against SPY sits underneath, so you can see how the corner has carried recently. But the real value is reading all four corners and letting the structure pose the question — the lit corner is just where the map points first.

Five pairings worth a look

You can build any of the six pairings, but five stand out — each answers a different question. The tables below pull the top 20 names in each one's lit corner, ranked by how squarely they fit it, with the live price action beside each. Five shortlists, refreshed with the data, that shift as the market does — a starting point for your own digging, not a buy list.

The fit score (0–100) is how squarely a stock sits in the lit corner; the 1D / 1W / 1M / 1Y columns are the price action behind it — context, not the input.

Persist × Perform

Durable trend meets raw outperformance

#TickerNameSectorFit1D1W1M1Y
1SNDKSandiskSandiskInformation Technology100−10.79%−14.18%−26.66%+3359.92%
2CIENCienaCienaInformation Technology99−4.07%−12.23%−10.48%+360.98%
3MUMicron TechnologyMicron TechnologyInformation Technology99−6.99%−1.71%−11.72%+713.13%
4WDCWestern DigitalWestern DigitalInformation Technology99−6.90%−6.44%−27.01%+675.59%
5ALABAstera LabsAstera LabsInformation Technology99−10.82%−19.46%−22.18%+197.68%
6COHRCoherent Corp.Coherent Corp.Information Technology98−9.84%−8.13%−25.46%+181.60%
7LITELumentumLumentumInformation Technology98−8.47%−0.67%−12.30%+643.37%
8AMDAdvanced Micro DevicesAdvanced Micro DevicesInformation Technology98−3.29%−2.33%+1.85%+225.38%
9STXSeagate TechnologySeagate TechnologyInformation Technology98−6.75%−1.04%−20.11%+480.49%
10LRCXLam ResearchLam ResearchInformation Technology97−4.56%−7.49%−18.43%+202.82%
11VRTVertivVertivIndustrials97−4.50%−5.07%−8.57%+121.45%
12AMATApplied MaterialsApplied MaterialsInformation Technology97−4.72%−6.80%−9.56%+178.54%
13TERTeradyneTeradyneInformation Technology97−6.38%+2.58%−14.35%+277.07%
14NBISNebius GroupNebius GroupInformation Technology97−15.02%−10.80%−33.16%+249.73%
15GLWCorning Inc.Corning Inc.Information Technology96−6.01%−19.90%−16.37%+170.63%
16WGMICoinShares Bitcoin Mining ETFCoinShares Bitcoin Mining ETFETF96−8.03%+2.53%−22.04%+99.74%
17INTCIntelIntelInformation Technology96−7.89%−10.47%−23.77%+304.91%
18ALBAlbemarle CorporationAlbemarle CorporationMaterials94−1.76%−8.70%−31.05%+51.64%
19DDOGDatadogDatadogInformation Technology94+1.01%−5.14%+8.93%+72.45%
20EWYiShares MSCI South Korea ETFiShares MSCI South Korea ETFETF94−6.19%−2.93%−20.47%+123.23%

Persist × Profit

Durable trend meets the fundamentals

#TickerNameSectorFit1D1W1M1Y
1SNDKSandiskSandiskInformation Technology99−10.79%−14.18%−26.66%+3359.92%
2ALABAstera LabsAstera LabsInformation Technology99−10.82%−19.46%−22.18%+197.68%
3LITELumentumLumentumInformation Technology98−8.47%−0.67%−12.30%+643.37%
4NBISNebius GroupNebius GroupInformation Technology97−15.02%−10.80%−33.16%+249.73%
5STXSeagate TechnologySeagate TechnologyInformation Technology97−6.75%−1.04%−20.11%+480.49%
6MUMicron TechnologyMicron TechnologyInformation Technology97−6.99%−1.71%−11.72%+713.13%
7CIENCienaCienaInformation Technology97−4.07%−12.23%−10.48%+360.98%
8APPAppLovinAppLovinInformation Technology95−1.72%−11.49%−18.25%+7.75%
9AMDAdvanced Micro DevicesAdvanced Micro DevicesInformation Technology95−3.29%−2.33%+1.85%+225.38%
10VRTVertivVertivIndustrials95−4.50%−5.07%−8.57%+121.45%
11RKLBRocket LabRocket LabIndustrials94−8.69%−16.71%−40.81%+24.51%
12HOODRobinhood MarketsRobinhood MarketsFinancials93−6.57%−13.61%−9.78%−10.00%
13NEMNewmontNewmontMaterials93−1.62%+0.10%−11.81%+60.70%
14PLTRPalantir TechnologiesPalantir TechnologiesInformation Technology93−0.36%−5.48%−5.90%−20.18%
15WDCWestern DigitalWestern DigitalInformation Technology93−6.90%−6.44%−27.01%+675.59%
16LRCXLam ResearchLam ResearchInformation Technology92−4.56%−7.49%−18.43%+202.82%
17WDAYWorkday, Inc.Workday, Inc.Information Technology92+5.84%−6.58%+11.09%−41.38%
18NVDANvidiaNvidiaInformation Technology91−0.85%+1.70%+1.14%+19.65%
19GLWCorning Inc.Corning Inc.Information Technology91−6.01%−19.90%−16.37%+170.63%
20FIXComfort Systems USAComfort Systems USAIndustrials91−5.33%+0.09%−10.26%+214.91%

Unknown disposition: persistence-flow

Perform × Profit

Price leadership meets the fundamentals

#TickerNameSectorFit1D1W1M1Y
1LITELumentumLumentumInformation Technology100−8.47%−0.67%−12.30%+643.37%
2SNDKSandiskSandiskInformation Technology99−10.79%−14.18%−26.66%+3359.92%
3NBISNebius GroupNebius GroupInformation Technology99−15.02%−10.80%−33.16%+249.73%
4ALABAstera LabsAstera LabsInformation Technology99−10.82%−19.46%−22.18%+197.68%
5FIXComfort Systems USAComfort Systems USAIndustrials98−5.33%+0.09%−10.26%+214.91%
6STXSeagate TechnologySeagate TechnologyInformation Technology98−6.75%−1.04%−20.11%+480.49%
7MUMicron TechnologyMicron TechnologyInformation Technology97−6.99%−1.71%−11.72%+713.13%
8CIENCienaCienaInformation Technology96−4.07%−12.23%−10.48%+360.98%
9AMDAdvanced Micro DevicesAdvanced Micro DevicesInformation Technology95−3.29%−2.33%+1.85%+225.38%
10INCYIncyteIncyteHealth Care95+0.84%+0.82%+17.96%+69.97%
11VRTVertivVertivIndustrials95−4.50%−5.07%−8.57%+121.45%
12ARMArm HoldingsArm HoldingsInformation Technology93−8.14%−13.04%−37.93%+65.42%
13WDCWestern DigitalWestern DigitalInformation Technology93−6.90%−6.44%−27.01%+675.59%
14GEVGE VernovaGE VernovaIndustrials93−1.59%−2.67%−3.25%+77.97%
15GLWCorning Inc.Corning Inc.Information Technology93−6.01%−19.90%−16.37%+170.63%
16LRCXLam ResearchLam ResearchInformation Technology93−4.56%−7.49%−18.43%+202.82%
17NEMNewmontNewmontMaterials92−1.62%+0.10%−11.81%+60.70%
18LLYLilly (Eli)Lilly (Eli)Health Care91+0.86%+1.20%+7.56%+57.06%
19APHAmphenolAmphenolInformation Technology91−3.02%−2.13%−5.24%+49.74%
20DELLDell TechnologiesDell TechnologiesInformation Technology91−0.46%+2.44%+4.29%+253.01%

Unknown disposition: marketbeat-flow

Does it actually work?

The honest test: if you held the top names of a map's lit corner for a month and rebalanced, would you beat the market? We ran exactly that over 19 years, on a point-in-time S&P 500 — no hindsight about which companies would survive:

every 4 weeks (~monthly) anchors · 253 samples · 2007-01-192026-05-15 · top 20 equal-weighted · cohort: S&P 500 (point-in-time membership via fmp PIT view)

DispositionX × YCAGR (excess)Sharpe / IRMax DDHit-rate
Surge
High Momentum AND High Amplitude
Momentum × Amplitude+3.8%0.36-30.2%+54.8%
Alpha
Performance AND Persistence
Performance × Persistence+6.9%0.60-21.6%+55.6%
Beats
Market Beat AND Business Beat
Market Beat × Business Beat+4.4%0.45-27.4%+55.2%
Bear
Price Weakness AND Business Weakness — short candidates
Price Weakness × Business Weakness+2.7%0.22-43.8%+52.0%

The four pairings backtested here are the framework's original target-corner dispositions — the lineage of the current five LENS maps (Performance × Persistence + Market Beat × Business Beat → Momentum × Business; Momentum × Amplitude → the hot corner of Risk × Return; Bear → the Laggards corner). Each row: top-20 picks by geometric-mean fit to the target corner of (X, Y) percentile composite, monthly rebalance, equal-weighted, 4-week forward excess vs SPY. Stats on the per-anchor excess series (Sharpe = IR, CAGR = annualized excess). PIT membership via fmp's v_sp500_constituents_pit. The valuation-based dispositions (Bargains, Compound) were dropped, not deferred — LENS axes must be in-box SYMBOL-card metrics.

Evidence regenerated 2026-05-31

Each pairing produces a modest, real edge — not a money machine. The strongest is durable price leadership paired with persistence; price strength gated by business strength comes next, because it filters out the empty-momentum names. These are genuine but sub-spectacular, with real drawdowns — exactly what you'd expect from a tool that narrows the field rather than one that picks winners for you.

What LENS is for (and isn't)

A map is a landscape, not a portfolio. You read all four corners — the leaders, the overlooked, the froth, the laggards — and let the structure point you at the question worth asking right now. Then you open the individual cards and apply your own judgment. That's the opposite of "buy the top 20 mechanically every month."

So LENS is a place to find ideas, not a strategy to run. (Where LENS is the map, SCREEN is the list — the same scores, used to filter instead of to plot.) The strongest pairing here is, in fact, the seed of one of the disciplined strategies we run elsewhere — but turning a good map corner into something you'd actually trade takes far more than the corner itself provides. The map shows you the character; deciding what to own is still your call.

Why there's no bargain map

You might expect a cheap-stocks map — low P/E, high cash-flow yield. There isn't one, on purpose. Every LENS axis has to be a score the SYMBOL card shows, and the card deliberately leaves valuation off (it ranks on character, not raw multiples). A bargain map would light up names that look weak on everything the card does show — the exact disconnect LENS is built to avoid.