RuncheyResearch
All Concepts
Signal

Narrative-Reality Gap

Is there divergence between market narrative and operational reality?

Assessment Spectrum

ALIGNED
DIVERGING
DISCONNECTED
INVERTED
BestWorst
How This Signal Affects Analysis
This signal provides a standardized assessment that makes it easy to compare across different companies. When multiple lenses produce this signal, disagreements surface where the evidence is ambiguous.

Assessment Labels

Every analysis assigns one of 4 categorical labels to this signal. Labels represent a spectrum from best to worst assessment.

ALIGNEDBest outcome

Market narrative accurately reflects operational reality. Sentiment and fundamentals are in sync.

DIVERGINGPositive outcome

Some gap between narrative and reality. Market may be ahead of or behind fundamentals in some areas.

DISCONNECTEDConcerning outcome

Material disconnect between what market believes and what numbers show. Narrative is driving price, not fundamentals.

INVERTEDWorst outcome

Market narrative is opposite to operational reality. Perceived as growth when declining, or distressed when healthy.

What This Signal Captures

Sentiment vs. fundamentalsRetail concentrationShort interest dynamicsAnalyst estimate drift

Lenses That Produce This Signal

Multiple lenses can assess the same signal independently. When lenses disagree, we surface the conflict rather than hiding it.

Myth Meter

Is market sentiment detached from operational reality?

All ConceptsLearn about Evidence Levels