iv_term_slope_30_90
CM30 minus CM90. NEGATIVE IS CONTANGO - the normal upward-sloping curve, where longer-dated vol is dearer. POSITIVE IS BACKWARDATION: the near term is bid above the far, which is what stress looks like. Measured across the Core 40, 40.9% of symbol-days are backwardated, so this is not a rare state and a flag keyed to it alone would fire constantly.
value
-8.5 pts
1y percentile
12.9%
3y percentile
12.9%
all percentile
12.9%
robust z
-0.72
rank 1y
17.0%
n
241
2025-09-25241 obs2026-09-18
Every symbol at 2026-09-18
39 of 39 with a reading on or before 2026-09-18. Each row is that name against its own history — core.metric_context(), one query for all of them — not a rank among them.
| symbol | value | 1y pct ↓ | 3y pct | 1y rank | robust z | n |
|---|---|---|---|---|---|---|
| MU | +0.9 pts | 47.3% | 47.3% | 49.4% | -0.06 | 241 |
| META | -3.7 pts | 45.9% | 45.9% | 31.4% | -0.05 | 241 |
| GOOG | -3.6 pts | 42.7% | 42.7% | 32.3% | -0.15 | 241 |
| MRVL | -1.2 pts | 41.3% | 41.3% | 29.5% | -0.15 | 241 |
| XLU | -0.7 pts | 40.2% | 40.2% | 53.8% | -0.19 | 241 |
| XLF | -1.1 pts | 39.6% | 39.6% | 33.3% | -0.29 | 241 |
| INTC | -1.7 pts | 36.3% | 36.3% | 29.2% | -0.22 | 241 |
| XLY | -1.6 pts | 30.5% | 30.5% | 42.3% | -0.54 | 241 |
| LMT | -1.6 pts | 27.0% | 27.0% | 27.6% | -0.40 | 241 |
| SNDK | -3.6 pts | 25.7% | 25.7% | 15.7% | -0.51 | 241 |
| CRSR | -7.6 pts | 24.3% | 24.3% | 33.5% | -0.67 | 239 |
| XLP | -0.9 pts | 24.1% | 24.1% | 37.7% | -0.67 | 241 |
| NVDA | -4.7 pts | 21.6% | 21.6% | 29.5% | -0.59 | 241 |
| XLV | -1.3 pts | 21.0% | 21.0% | 45.7% | -1.01 | 241 |
| WDC | -4.0 pts | 20.5% | 20.5% | 25.2% | -0.67 | 241 |
| XLI | -1.5 pts | 19.9% | 19.9% | 27.4% | -0.76 | 241 |
| SPCX | -4.2 pts | 17.4% | 17.4% | 7.1% | -0.58 | 66 |
| STX | -4.2 pts | 17.2% | 17.2% | 19.8% | -0.72 | 241 |
| AMD | -4.7 pts | 16.8% | 16.8% | 16.9% | -0.71 | 241 |
| MSFT | -4.9 pts | 15.1% | 15.1% | 11.2% | -0.67 | 241 |
| CAT | -4.5 pts | 13.3% | 13.3% | 14.4% | -0.73 | 241 |
| PLTR | -8.5 pts | 12.9% | 12.9% | 17.0% | -0.72 | 241 |
| AAPL | -3.0 pts | 12.7% | 12.7% | 24.7% | -0.78 | 241 |
| XOM | -1.5 pts | 12.7% | 12.7% | 20.3% | -0.98 | 241 |
| SOXX | -2.7 pts | 12.2% | 12.2% | 36.9% | -1.35 | 241 |
| DIA | -1.8 pts | 12.0% | 12.0% | 24.1% | -1.21 | 241 |
| IWM | -1.8 pts | 11.4% | 11.4% | 19.4% | -1.01 | 241 |
| AMZN | -6.2 pts | 10.4% | 10.4% | 11.7% | -0.73 | 241 |
| XLE | -1.3 pts | 10.0% | 10.0% | 17.5% | -1.35 | 241 |
| SMH | -3.3 pts | 6.2% | 6.2% | 22.9% | -1.64 | 241 |
| PANW | -6.7 pts | 6.0% | 6.0% | 7.6% | -0.98 | 241 |
| AVGO | -6.0 pts | 5.8% | 5.8% | 15.3% | -0.95 | 241 |
| CRWD | -6.6 pts | 5.6% | 5.6% | 12.4% | -1.03 | 241 |
| XLK | -3.4 pts | 4.8% | 4.8% | 14.0% | -1.59 | 241 |
| DE | -4.3 pts | 4.6% | 4.6% | 14.8% | -1.01 | 241 |
| ORCL | -7.7 pts | 3.3% | 3.3% | 6.8% | -0.99 | 241 |
| SPY | -2.5 pts | 3.1% | 3.1% | 9.4% | -1.35 | 241 |
| QQQ | -3.2 pts | 1.2% | 1.2% | 7.1% | -2.02 | 241 |
| DELL | -7.4 pts | 1.0% | 1.0% | 2.0% | -1.13 | 241 |
Provenance
- Source
- core.metric_daily
- Cadence
- daily, XNYS sessions
- Read by
- DESIGN.md:159's term-structure slope, and the contango/backwardation state on Page 5's Vol & Dealer Regime
- Point-in-time
- RESTATED — values change as corporate actions arrive. Each row's vintage_ts records when it was computed.