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Model Calibration

How well do our predictions match reality? Calibration metrics show whether models are overconfident, underconfident, or well-calibrated.

2060
Total Markets
166
Resolved
1890
Active

Calibration Results

164
Markets Resolved
0.180
Avg Brier Score
+0.005
Avg Improvement
0.185
Initial
0.180
Final
+0.005
Improvement

Calibration Curve

Predicted probability vs. actual outcome rate across 159 resolved markets. Points on the diagonal line indicate perfect calibration.

Expected Calibration Error:0.085Good
0%0%20%20%40%40%60%60%80%80%100%100%Predicted ProbabilityActual Outcome Raten=5n=13n=21n=14n=14n=34n=28n=15n=12n=3
Actual rate (dot size = sample count)
Perfect calibration
Bucket details
BucketCountAvg PredictedActual RateGap
010%56.6%0.0%-6.6pp
1020%1313.2%15.4%+2.2pp
2030%2123.7%28.6%+4.8pp
3040%1434.5%35.7%+1.2pp
4050%1442.6%57.1%+14.6pp
5060%3455.5%64.7%+9.2pp
6070%2865.6%78.6%+13.0pp
7080%1575.3%86.7%+11.4pp
8090%1283.4%91.7%+8.3pp
90100%390.7%100.0%+9.3pp

Resolved Markets

MarketInitialFinalChange
AAWill Alcoa achieve full restart of San Ciprian smelter by year-end 2026?0.2700.270
AAWill Alcoa report Q1 2026 revenue above $3.0 billion?0.1220.122
AALWill AAL report Q1 2026 total revenue growth at or above 7% YoY (low end of guidance)?0.1600.160
ADBEWill Adobe's Q1 FY2026 revenue exceed the $6.30B high end of guidance?0.1600.160
ADSKWill Autodesk guide FY2027 revenue above $7.80B at the Q4 FY2026 earnings call?0.1020.102
ADSKWill Autodesk report Q4 FY2026 non-GAAP operating margin at or above 38%?0.0480.048
ADSKWill Autodesk's RPO growth exceed revenue growth in Q4 FY2026?0.0900.090
ALKWill ALK report Q1 2026 adjusted EPS above the high end of guidance (-$0.50)?0.1850.185
ALKWill ALK complete the PSS cutover by end of Q2 2026 without a major operational disruption?0.1760.176
AMKRWill Amkor's gross margin exceed 14% in any quarter of H1 2026?0.6080.608
AMKRWill Amkor beat Q1 2026 EPS guidance midpoint of $0.23?0.1940.194
AMZNWill Amazon report AWS remaining performance obligations (backlog) exceeding $300B by Q2 2026 earnings?0.2030.203
ASANWill Asana report dollar-based net retention rate (NRR) of 97% or higher for Q4 FY2026?0.1090.109
ASANWill Asana guide FY2027 revenue growth at 10% or higher?0.1090.109
ASANWill Asana disclose AI-specific revenue or ARR metrics by Q2 FY2027 earnings (September 2026)?0.7570.757
ASANWill Asana report $100K+ customer count growth of 10% or higher YoY in Q4 FY2026?0.0100.010
ASANWill Asana's remaining performance obligations (RPO) YoY growth rate exceed its revenue growth rate in Q4 FY2026?0.0260.026
ASTSWill AST SpaceMobile's H2 2025 total revenue meet or exceed the low end of guidance ($50M)?0.4900.008+0.482
ASTSWill AST SpaceMobile conduct an additional dilutive equity or convertible offering exceeding $200M by December 31, 2026?0.0900.090
BEWill Bloom Energy's Q1 2026 non-GAAP operating margin exceed 10%?0.2810.281
BEWill Bloom Energy's related-party revenue remain below 30% of total revenue through Q2 2026?0.3600.360
BEWill Bloom Energy sustain service gross margin at or above 20% through H1 2026?0.2700.270
BEWill Bloom Energy appoint a permanent CFO by September 30, 2026?0.1760.176
BRK.BWill Greg Abel's first shareholder letter (expected ~Feb 28, 2026) announce a specific capital allocation initiative (buyback resumption, acquisition pipeline, or dividend)?0.0220.022
BROWill Brown & Brown's Q1 2026 organic revenue growth print above 3.0%?0.2700.270
BYNDWill BYND's FY2025 10-K include going concern language from the auditor?0.3020.608-0.306
BYNDWill BYND receive a NASDAQ non-compliance notice for minimum bid price by June 30, 2026?0.0080.008
BYNDWill BYND report Q4 2025 revenue above $70M (YoY decline less than 15%)?0.0170.017
CWill Citigroup's Q1 2026 adjusted ROTCE be above 9%?0.1600.160
CWill Citigroup's Q1 2026 Services segment ROTCE be above 25%?0.0260.026
CWill Citigroup's Q1 2026 branded cards NCL rate be above 4.0%?0.5930.593
CWill Citigroup's Q1 2026 common share repurchases exceed $3.0B?0.0780.078
CARWill Pentwater Capital file a Schedule 13D (rather than 13G) on its CAR position by July 31, 2026?0.0630.063
CCLWill CCL beat consensus EPS estimates for Q1 FY2026 (reported March 25, 2026)?0.1090.109
CLFWill CLF report Q1 2026 adjusted EBITDA above $200M?0.1940.194
CNCWill Centene's Q1 2026 consolidated HBR be below 90%?0.3360.336
COMPWill Compass's first combined quarterly EBITDA (Q1 2026) meet or exceed $150M on a pro forma basis?0.0900.003+0.087
COMPWill Compass report or disclose cumulative synergy realization exceeding $100M within the first 12 months post-merger close?0.2030.032+0.170
COMPWill Compass receive a favorable ruling (or settlement) in the Compass v. Zillow private exclusives lawsuit by September 30, 2026?0.0400.040
COSTWill Costco fail to achieve SG&A leverage for 4+ consecutive quarters by Q4 FY2026 despite comp sales above 5%?0.2500.250
CRMWill Salesforce report Q4 FY2026 revenue growth of 10% or higher (constant currency)?0.5780.578
CRMWill Salesforce disclose AgentForce ARR at or above $1B by Q4 FY2026 earnings?0.0530.053
CRMWill Salesforce's current RPO (cRPO) growth exceed 11% YoY in Q4 FY2026?0.2120.212
CRMWill Salesforce guide FY2027 non-GAAP operating margin at 34% or higher?0.0530.053
CRMWill Salesforce issue new debt specifically to fund share repurchases by Q2 FY2027 (July 2026)?0.3250.325
CSGPWill CoStar exceed Q1 2026 consensus revenue estimates?0.0900.090
CVNAWill Carvana's Q4 2025 'Other' gross profit per unit remain above $420?0.2300.230
CVNAWill Carvana's trailing-twelve-month operating cash flow to net income conversion ratio fall below 50% as of Q4 2025?0.0320.032
DALWill Delta report Q1 2026 EPS at or above $0.50 (low end of guidance)?0.0580.058
DALWill average jet fuel price remain above $3.00/gallon through H1 2026?0.2210.001+0.220
DDOGWill Datadog's Q4 2025 year-over-year revenue growth rate fall below 25%?0.1440.144
DDOGWill Datadog disclose or confirm that a single customer represents more than 5% of total revenue in Q4 2025 earnings or Investor Day?0.0120.006+0.006
DDOGWill Datadog's initial FY2026 full-year revenue guidance imply growth of 22% or above?0.1760.176
DOCUWill DocuSign guide FY2027 revenue growth at or above 10% at the Q4 FY2026 earnings call?0.0400.040
DOCUWill DocuSign report dollar-based net retention (DNR) at or above 103% in Q4 FY2026?0.0630.063
DOCUWill DocuSign report stock-based compensation below 20% of revenue for full-year FY2026?0.0480.048
DOCUWill DocuSign report Q4 FY2026 billings growth of 10% or higher year-over-year?0.4900.490
DOWWill DOW report Q1 2026 operating EBITDA of at least $1.0B?0.0400.040
FCXWill FCX reduce FY2026 copper production guidance below the current range by Q3 2026 reporting?0.3970.397
FCXWill FCX beat consensus EPS estimates for Q1 2026 (reporting April 16)?0.2030.203
FDXWill FedEx Express/Ground (FEC) report Q3 FY2026 adjusted operating margin above 9.0%?0.3360.336
FDXWill FedEx Freight report operating margins below 14% for any quarter in H2 FY2026 (Q3 or Q4)?0.3600.360
FLNCWill FLNC announce an equity offering or convertible note by end of H1 FY2026?0.0060.006
FRMIWill FRMI close its $500M MUFG credit facility by September 30, 2026?0.1850.185
FRMIWill FRMI record an impairment charge on construction in progress by its first 10-K filing?0.0140.014
FRMIWill FRMI publicly disclose its specific nuclear reactor design by December 31, 2026?0.2300.230
FSLYWill Fastly's FY 2025 10-K confirm full remediation of the material weakness in revenue process controls?0.4620.462
GEVWill GEV's Electrification segment revenue exceed $4.0B in Q1 2026?0.4620.462
GEVWill GEV's Q1 2026 revenue exceed $10.5B?0.5330.533
GOOGWill YouTube ads revenue growth remain below 10% YoY in both Q1 and Q2 2026?0.0730.073
GPCWill GPC's independent owner purchases remain flat or negative through H1 2026?0.4620.462
GPCWill ISM Manufacturing PMI remain above 50 for 3+ consecutive months in H1 2026?0.3600.360
GTLBWill GitLab's Q4 FY2026 revenue growth exceed the guided ~19% YoY by 3+ percentage points?0.3360.336
GTLBWill GitLab's non-GAAP operating margin exceed 20% in any quarter by Q2 FY2027?0.1440.144
HIMSWill HIMS report Q4 2025 weight loss specialty revenue below $175M?0.2300.102+0.128
HIMSWill HIMS report Q4 2025 year-over-year subscriber growth below 15%?0.1230.123
HIMSWill HIMS management withdraw or materially reduce its $6.5B 2030 revenue target at Q4 2025 earnings?0.0780.078
HOODWill Robinhood's year-over-year total revenue growth fall below 30% in any quarter by Q2 2026?0.1440.144
HOODWill Robinhood's crypto transaction revenue decline more than 30% quarter-over-quarter in Q4 2025?0.0400.040
IBRXWill any conversion, restructuring, or extension of the $505M NantCapital convertible note be filed by December 31, 2026?0.3020.302
INTCWill Intel's cash + short-term investments drop below $33B in any quarter of 2026?0.4220.422
INTUWill Credit Karma's revenue growth fall below 10% YoY in Q2 FY2026?0.1020.102
INTUWill Intuit report Q2 FY2026 revenue at or above the high end of guidance ($5.25B)?0.1220.122
INTUWill Intuit disclose continued Mailchimp revenue decline through H1 FY2026?0.0530.053
INTUWill Intuit's stock-based compensation exceed 11% of revenue in Q2 FY2026?0.1090.109
JPMWill JPMorgan's Q1 2026 ROTCE be at or above 18%?0.1440.144
JPMWill JPMorgan's Q1 2026 card net charge-off rate be below 3.6%?0.1020.102
JPMWill JPMorgan's Q1 2026 investment banking fees exceed $2.3B?0.1760.176
JPMWill JPMorgan's Q1 2026 standardized CET1 ratio be at or above 14.5%?0.3020.302
KRMNWill KRMN's net leverage ratio exceed 3.5x adjusted EBITDA at FY2025 year-end?0.6720.672
KRMNWill KRMN report Q4 FY2025 revenue growth above 25% year-over-year?0.0170.017
KRMNWill KRMN guide FY2026 revenue growth of 20% or higher at their Q4 FY2025 earnings call?0.0580.058
KSSWill Kohl's report Q4 FY2025 comparable sales worse than -4%?0.3720.372
LGIHWill LGIH report a cancellation rate below 30% in both Q1 and Q2 2026?0.0100.010
LMNDWill LMND report Q4 2025 gross loss ratio below 65%?0.1160.116
LMNDWill LMND report Q4 2025 in-force premium (IFP) growth above 30% YoY?0.2300.230
LUVWill Southwest Airlines Q1 2026 RASM growth exceed +9.5% YoY?0.1220.122
LUVWill Southwest Airlines Q1 2026 adjusted EPS exceed $0.45?0.0780.078
LYBWill LyondellBasell cut its quarterly dividend by 40% or more at the February 2026 Board decision?0.1600.160
MBLYWill Mobileye's Q1 2026 revenue exceed $530M (>15% YoY)?0.0780.078
MDBWill MongoDB's Q4 FY2026 Atlas revenue growth decelerate below 25% year-over-year?0.0400.040
MDBWill MongoDB's initial FY2027 full-year revenue guidance imply growth of 20% or above?0.2700.270
MDBWill MongoDB's FY2026 10-K filing contain any auditor emphasis-of-matter paragraph, accounting policy change, or auditor change?0.0320.020+0.013
MOHWill Molina Healthcare's 2026 full-year diluted EPS guidance midpoint exceed $14.00?0.7230.723
MOHWill Molina Healthcare's Medicaid rate-trend gap widen beyond 200 bps or rates fall below 5% by Q2 2026?0.4490.449
MPWill MP's Materials segment achieve positive EBITDA in any quarter of FY2025?0.2030.203
MPWill MP's Magnetics segment generate revenue in H1 2025?0.1370.137
MRNAWill Moderna report Q4 2025 year-end cash below $7.0B or issue 2026 revenue guidance below $1.5B?0.1020.102
MRVLWill Marvell's Q4 FY2026 revenue fall below $2.09B?0.0080.008
MSWill Morgan Stanley's Q1 2026 Investment Banking revenue grow at least 20% year over year?0.1760.176
MSWill Morgan Stanley report a Q1 2026 Wealth Management pretax margin of at least 29% on a reported basis?0.2020.202
MSWill Morgan Stanley's Q1 2026 reported EPS exceed consensus estimates by at least $0.05?0.1940.194
MSWill Morgan Stanley repurchase at least $2.0B of common stock in Q1 2026?0.1600.160
MSFTWill Microsoft Cloud gross margin be at or above 65% in Q3 FY26?0.1940.194
MSFTWill Azure constant-currency growth be at or above 38% in Q3 FY26?0.1160.116
MUWill Micron's FQ2 FY2026 revenue exceed $18.0B?0.0260.026
NFLXWill the DOJ file suit to block the Netflix-WBD merger by December 31, 2026?0.3250.325
NFLXWill Netflix abandon or withdraw the WBD acquisition by December 31, 2026?0.5180.518
NFLXWill Netflix and DOJ announce consent decree negotiations for the WBD deal by June 30, 2026?0.0400.040
NFLXWill Netflix report Q1 2026 revenue above $12.5B?0.2810.281
NFLXWill Netflix disclose permanent financing terms for the WBD acquisition by June 30, 2026?0.1220.122
NFLXWill the EU Commission open a Phase II investigation into the Netflix-WBD merger by September 30, 2026?0.1370.137
NGDWill the Coeur Mining-New Gold merger close by June 30, 2026?0.0320.032
NGDWill New Gold (or the combined Coeur entity) announce a K-Zone maiden mineral resource by year-end 2026?0.2300.230
NOWWill the ServiceNow-Armis $7.75B acquisition close by December 31, 2026?0.0260.026
NOWWill ServiceNow's organic cRPO growth (constant currency, ex-Moveworks) fall below 18% in Q1 2026?0.0480.048
NOWWill ServiceNow's Q1 2026 subscription revenue growth exceed 19% YoY on a constant currency basis?0.3020.302
NVOWill CagriSema demonstrate >=20% body weight loss in the REDEFINE 4 trial results reported by June 30, 2026?0.3840.384
OKTAWill Okta's Q4 FY2026 cRPO growth come in below the guided ~9% YoY?0.0730.073
OKTAWill Okta's initial FY2027 revenue guidance imply below 10% YoY growth?0.3720.372
ORCLWill Oracle's OCI IaaS revenue growth decelerate below 40% YoY in Q3 FY2026?0.0100.010
ORCLWill Oracle's Q3 FY2026 operating cash flow fall below $3B?0.0900.090
PDWill PagerDuty guide FY2027 revenue above $500M (positive growth vs. FY2026)?0.1600.160
PDWill PagerDuty report dollar-based net retention rate below 100% in Q4 FY2026?0.0780.078
PDWill PagerDuty's Q4 FY2026 revenue meet or exceed the midpoint of guidance (~$128M)?0.1600.160
REZIWill REZI report a goodwill impairment charge in its 2025 10-K?0.1020.102
SWill SentinelOne's Q4 FY2026 revenue exceed $250M?0.0580.058
SWill SentinelOne disclose a quantitative net retention rate at Q4 FY2026 earnings?0.6400.640
SWill SentinelOne's initial FY2027 revenue guidance imply 20%+ YoY growth?0.1760.176
SWill SentinelOne announce a permanent CFO with finance credentials by Q2 FY2027?0.0630.063
SNOWWill Snowflake's initial FY2027 full-year product revenue guidance imply growth below 25%?0.3480.348
TGTWill Target report a 5th consecutive negative comparable sales quarter in Q4 FY2025?0.0480.048
TGTWill Target guide FY2026 adjusted EPS below $8.00 at the March 2026 earnings call?0.3140.314
TGTWill Target guide FY2026 CapEx below $4.0B at the March 2026 Financial Community Meeting?0.0100.010
TWLOWill Twilio report Q4 2025 organic revenue growth below 10% YoY?0.0120.012
TWLOWill Twilio guide FY2026 organic revenue growth at 10% or above?0.4620.462
TWLOWill Twilio's Q4 2025 non-GAAP gross margin fall below 50%?0.1160.116
UALWill United Airlines achieve Q1 2026 adjusted EPS at or above $1.00?0.0320.032
UALWill United report positive main cabin RASM growth in H1 2026?0.0400.040
UAMYWill UAMY's FY2025 revenue meet or exceed the $40M guidance floor?0.3840.384
UAMYWill UAMY maintain $125M FY2026 revenue guidance on the FY2025 earnings call?0.0900.090
UAMYWill UAMY's Montana Thompson Falls expansion be fully operational by Q1 2026?0.3020.302
ULTAWill Ulta Beauty's Q4 FY2025 operating margin fall below 12.0%?0.0900.090
VWill Visa's Value-Added Services revenue exceed 25% of total net revenue in any quarter during FY2026?0.0530.053
VRTWill Vertiv report Q1 2026 revenue above $2.04B (exceeding the high end of guidance by 3%+)?0.2210.221
VRTWill Vertiv's incremental adjusted operating margin fall below 25% in Q1 2026?0.0480.048
WFCWill Wells Fargo's Q1 2026 net interest income be above $12.0B?0.1440.144
WFCWill Wells Fargo's Q1 2026 diluted EPS be above $1.40?0.1300.130
WFCWill Wells Fargo's Q1 2026 investment banking fees be above $775M?0.2030.203
WFCWill Wells Fargo's Q1 2026 average loans be above $950B?0.0400.040
XYZWill Block report Q4 2025 gross profit growth of 15% or higher YoY?0.0200.020
XYZWill Block disclose Borrow loss rates above 3% in Q4 2025 earnings or the FY2025 10-K?0.0220.022
XYZWill Block disclose vintage-level loan cohort data for Borrow in the FY2025 10-K or Q4 2025 earnings?0.0140.014
XYZWill Block report Q4 2025 Square GPV growth of 10% or higher YoY?0.1020.102

Scoring Methodology

Brier Score (Binary)

For binary yes/no predictions, we use the Brier Score:

Brier = (probability - outcome)²
  • 0.00 — Perfect prediction (100% confident and correct)
  • 0.25 — Maximally uncertain (50% prediction)
  • 1.00 — Worst possible (100% confident and wrong)

Calibration Curve

A perfectly calibrated model's predictions should match outcomes:

  • Events predicted at 30% should occur ~30% of the time
  • Events predicted at 70% should occur ~70% of the time

We group predictions into buckets (0-10%, 10-20%, etc.) and compare predicted rates to actual outcomes.

Model Comparison

Each market receives predictions from multiple models:

Opus

Deep reasoning, handles edge cases and complex scenarios

Sonnet

Balanced approach, good at pattern recognition

Haiku

Fast, pattern-focused, captures obvious signals

The aggregate prediction uses the median across all model runs. Model agreement is calculated as 1 minus normalized standard deviation — higher agreement suggests more confidence in the prediction.