● NOT FOR SETTLEMENT

The experiment

A pre-registered event study: when the divergence regime steps toward crisis, does it carry information about what Hormuz-exposed instruments do next? Signals, instruments, and horizons were fixed before any data (registration PR-0002); outcomes accrue here in the open, one signal at a time. See the methodology.

Framework

Fixed at registration — nothing here can widen after the fact.

Signal
regime↑
Instruments
4
Horizons
3
Signals seen
0
Tests × cells
12

Instruments: TANKER_EW, ITA_RS, GLD, OVX · horizons 5d, 10d, 20d. Two-sided by registration; no inference below n=20 per cell (below that, descriptive only). The multiple-testing denominator counts every registered test ever — 12 cells across 1 test(s) — so it can't shrink by dropping the tries that failed.

Forward return by instrument × horizon

Mean realized forward log-return; n = realized signals in the cell.

instrument5d10d20d
TANKER_EW
ITA_RS
GLD
OVX

Every outcome

The full ledger — each signal's instruments and horizons, realized as they mature.

No outcomes yet. The study opens on the first severity-increasing regime transition on or after 2026-07-12; each such signal opens 4×3 outcome rows.

Signals reference the published, hash-verified record; baselines and realizations use published closes only (no look-ahead). This is a research study, not a settlement benchmark and not investment advice. Machine-readable at /experiment.json.