Runchey Research

Analysis Framework

Our multi-lens committee analysis system. This is how we structure rigorous equity research using multiple AI perspectives and standardized evidence grading.

Analysis Lenses

Signals

Evidence Tiers

Personas

How Our Analysis Works

Each company is analyzed through multiple specialized lenses. Each lens examines the company from a different angle, producing standardized signals with evidence-graded findings. Multiple AI models adopt specialized personas to debate, critique, and refine findings until convergence.

Analysis Lenses

13 specialized perspectives for comprehensive equity analysis

Fugazi Filter

Are the reported numbers trustworthy?

Accounting IntegrityGovernance AlignmentFunding Fragility

Gravy Gauge

Is this revenue durable, or does it depend on conditions that could change?

Revenue DurabilityRegulatory Exposure

Roadkill Radar

Can this distressed company survive and recover?

Funding FragilityOperational Execution

Prospectus Probe

Is this a real business or a liquidity exit?

Revenue DurabilityGovernance AlignmentUnit EconomicsExpectations Priced

Revenue Revealer

Is revenue structurally sound or dependent on fragile conditions?

Revenue DurabilityRegulatory Exposure

Moat Mapper

Is the competitive advantage real and durable?

Competitive Position

Regulatory Reader

Is the company exposed to material regulatory risk?

Regulatory ExposureRevenue Durability

Myth Meter

Is market sentiment detached from operational reality?

Narrative-Reality GapExpectations Priced

Insider Investigator

What are insiders signaling through their actions?

Governance Alignment

Stress Scanner

What breaks first under plausible stress?

Funding FragilityCapital Deployment

Consolidation Calibrator

Is this acquisition strategy creating or destroying value?

Accounting IntegrityCapital DeploymentFunding Fragility

Atomic Auditor

Are the unit economics proven, improving, and repeatable?

Unit EconomicsOperational Execution

Black Swan Beacon

What could go catastrophically wrong that nobody is watching?

tail-risk-severityassumption-fragilityconsensus-fragility

Macro Lenses

11 specialized lenses for macroeconomic analysis

Rate Transmission

How are rate changes propagating to the real economy?

Transmission SpeedDominant Channel

Inflation Regime

What is driving current inflation — demand, supply, or expectations?

Inflation DriverInflation Persistence

Financial Conditions

Are financial conditions tightening or easing beyond what policy rates suggest?

Financial ConditionsCredit Availability

Labor Dynamics

What is the labor market signaling about inflation pressure and growth sustainability?

Labor Market TightnessWage Pressure

Fiscal Interaction

Is fiscal policy reinforcing or counteracting monetary policy?

Fiscal-Monetary AlignmentFiscal Impulse

Global Spillover

How are international dynamics feeding back into US monetary conditions?

External PressureDollar Regime

Monetary Divergence

How is the policy rate divergence between major central banks reshaping cross-border monetary transmission?

Divergence TrajectoryDominant Channel

Trade Transmission

How are trade barriers transmitting through supply chains and prices to the real economy?

Tariff Pass-ThroughSupply Chain Adjustment

Carry Trade Regime

How are BOJ rate normalization and yen appreciation affecting the global carry trade, and at what point does unwinding become self-reinforcing?

Carry Unwind PressureFX Regime Shift

Stimulus Composition

Is China pivoting from supply-side to demand-side stimulus?

Stimulus CompositionPolicy Credibility

Commodity Transmission

How does China's stimulus type drive commodity prices and EM resource currencies?

Commodity Demand RegimeEM Resource Impact

Signal Taxonomy

11 standardized signals produced by our analysis lenses

Accounting Integrity

Can we trust the reported numbers to reflect economic reality?

Governance Alignment

Are incentives aligned and oversight adequate?

Funding Fragility

Can the company survive financial stress and access capital when needed?

Revenue Durability

Is revenue structurally sound or dependent on conditions that could change?

Competitive Position

Can the company defend or grow its market position?

Operational Execution

Is management delivering on stated plans and commitments?

Regulatory Exposure

Are there material legal, regulatory, or policy risks?

Narrative-Reality Gap

Is there divergence between market narrative and operational reality?

Capital Deployment

Does management allocate capital effectively?

Unit Economics

Are per-unit economics proven and improving?

Expectations Priced

What must be true for current price to be rational?

Derived Signals

Additional signals that emerge from analysis based on company-specific findings

Pattern Coherence

Do findings form a coherent manipulation pattern or isolated concerns?

Fugazi FilterCVNA

Securitization Dependency

How reliant is the business on capital markets access?

Gravy GaugeCVNA

Mitigation Credibility

Are stated risk mitigations genuine or illusory?

Gravy GaugeCVNA

Constraint Timeline

If the constraint triggers, how fast does revenue disappear?

Gravy GaugeMOH

Customer Concentration

Is revenue dependent on a small number of customers?

Gravy GaugeMOHPYPL

Litigation Risk

Are there material pending legal proceedings?

Fugazi FilterCVNA

Framework & Methodology

Core processes and meta-thinking about our approach

Evidence Ladder

E0-E3 grading system for evidence quality. Every finding requires a grade.

E0E1E2E3

Analysis Ensemble

13 personas orchestrate the analysis. Analysts, critics, synthesizers, and moderators debate until positions stabilize.

13 personas•6 phases•convergence-driven

LLM-isms

Rhetorical patterns that signal shallow pattern-matching rather than genuine reasoning. When you see them, increase your skepticism.

About This Framework

This is Runchey Research's intellectual property — the multi-lens committee analysis system we use for rigorous equity research. Each lens examines a company from a different angle, producing standardized signals with evidence-graded findings.