Keystone Quantitative

Latest — 08 Aug 2025

Hedge Funds Are Exploiting Earnings Beats, And They're Not Being Subtle

When companies beat earnings, especially by large margins you'd typically expect that stock to moon. Lately though, that rocket has been blowing up on the launch pad. Spoiler alert: retail traders aren't to blame. The play is simple: Hedge funds load up on puts ahead of

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Fake Views, Real Losses: future struggles of ad-based revenue streams

Thesis Companies that rely on ad revenue as their primary source of income (specifically internet ad rev, not billboard companies etc.) are likely going to see a significant decline as bot traffic and AI capabilities increase. acronyms * SMBs: Small & medium businesses * CPM: Cost Per Mille (1k impressions) * ROAS: Return

Betting on AI displacement

The World Economic Forum recently reported that AI is expected to displace (or entirely eliminate) roughly 83 million jobs globally by 2027. At the same time, 69 million new jobs are expected to emerge, representing a net loss of 14 million jobs by 2027. As AI becomes more capable, the

Report: $SPY Prediction Benchmarks

This report provides a detailed quantitative and qualitative analysis of three AI models—GPT-4o, Gemini, and Grok 3—used to predict the closing price of the $SPY ETF from April 22 to May 30, 2025. The objective is to evaluate model accuracy, confidence calibration, reasoning quality, and directional prediction reliability.

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