Insights / Engine Analysis

Engine State

Is the accumulation engine accelerating, stable, or decaying? Engine State tracks the operational condition of each BTCTC's drag engine -- not just where they are, but which direction they're heading and how fast. Built on the Drag Engine framework. Numbers trace to SEC, LSE, and EDINET filings.

Tier 1 Anchor Ready 6+ quarters of verified history. Yield stable within +/-10% across 3 trailing quarters. No base distortion. Supports P/E-comparable analysis.

Tier 2 Trajectory Visible 4+ quarters tracked. Positive CEBE sats slope across 3 periods. Direction is readable. Annualized yield not yet stable enough for valuation anchoring.

Tier 3 Accumulating History Fewer than 4 quarters tracked, or slope not yet established. Engine direction cannot be stated with confidence. Monitoring for graduation.

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Methodology

Tier assignments and engine state labels are computed automatically from Snapshots data -- no manual overrides, no thumbs on the scale. Tier measures data maturity; Engine State measures current direction. These are independent: a Tier 1 company can carry a Decaying engine state and remain Tier 1 as long as its history criteria still hold. yield_stable requires 3 consecutive quarters within +/-10% of the trailing 3-quarter mean, all positive, with 6+ quarters tracked. base_distortion flags companies whose earliest recorded CEBE sats/share was below 1,000 -- a sign the annualized yield figure is not stable for valuation anchoring. All data traces to SEC, LSE, and EDINET filings. See the Drag Engine framework for full methodology.