Glossary

Terms used across Midaris reports, in plain words.

updated Sep 12, 2026

EMA 200: the exponential moving average of the last 200 daily closes; price above or below it is a common description of the longer trend.
RSI (14): a 0–100 momentum reading; above 70 / below 30 are conventional "stretched" zones, not signals.
ADX (14): trend strength regardless of direction; above 20–25 usually reads as a trending market.
Point of control (POC): the price level with the most traded volume over the window.
Value area: the range holding about 70% of that volume.
P/E: price divided by earnings per share; compare with the company's own history and peers, not in isolation.
EV/EBITDA: enterprise value over operating cash earnings; useful across companies with different debt.
Free cash flow (FCF): operating cash flow minus capital spending.
DCF: a present-value estimate of future cash flows under stated growth and discount assumptions; a scenario, not a target.
Margin of safety: the gap between a DCF estimate and price, expressed as a percentage.
13F: quarterly SEC filing by institutions managing over $100M, due 45 days after quarter end.
Form 4: an insider's transaction report, due within two business days.
COT (Commitments of Traders): the CFTC's weekly breakdown of futures positions by trader type; "commercial" = hedgers, "non-commercial" = speculators.
Consensus: the average of third-party analyst estimates; Midaris reproduces it as data.
Midaris Market Sentiment: an equal-weight 0–100 composite of five proxies (momentum, volatility, safe-haven demand, junk-bond demand, breadth). Not the CNN index.
Worth a look: a deterministic list of Nasdaq-100 names that crossed their EMA200, traded on unusual volume or moved most today; a description, not a recommendation.
Confidence: how complete and fresh the inputs were for a report; it drops when data is missing or stale.
Data gaps: what a report could not obtain; it says so rather than estimating.