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.
Rank and percentile disagree by 25 points. rank 35% sits far below percentile 60%, both over the trailing year: one violent spike stretched the range, so this reading looks low against the high while being high against almost every other reading in it
40 of 40 with a reading on or before 2026-09-25. Each row is that name against its own history — core.metric_context(), one query for all of them — not a rank among them.
2025-09-25246 obs2026-09-25
| +4.2 pts |
| 70.2% | 69.9% | 56.2% | 0.81 |
| 246 |
| LMT | +1.1 pts | 65.3% | 65.0% | 50.9% | 0.42 | 246 |
| META | -0.4 pts | 64.5% | 64.6% | 48.5% | 0.81 | 246 |
| GOOG | -1.5 pts | 62.4% | 62.2% | 45.6% | 0.54 | 246 |
| MSFT | -1.5 pts | 60.2% | 60.4% | 35.0% | 0.29 | 246 |
| AMZN | -2.7 pts | 59.0% | 58.7% | 32.2% | 0.26 | 246 |
| CAT | -1.3 pts | 56.7% | 56.9% | 37.4% | 0.21 | 246 |
| XLV | -0.3 pts | 53.5% | 53.3% | 60.0% | 0.11 | 246 |
| XLY | -0.7 pts | 53.1% | 53.3% | 53.8% | 0.07 | 246 |
| MU | +1.5 pts | 52.4% | 52.6% | 51.9% | 0.04 | 246 |
| XLP | -0.5 pts | 45.3% | 45.5% | 45.3% | -0.13 | 246 |
| XLF | -1.0 pts | 43.9% | 44.1% | 34.8% | -0.19 | 246 |
| STX | -1.2 pts | 40.2% | 40.0% | 32.8% | -0.27 | 246 |
| IWM | -1.0 pts | 36.9% | 36.8% | 30.6% | -0.34 | 246 |
| SNDK | -2.3 pts | 35.5% | 35.4% | 19.1% | -0.31 | 246 |
| MRVL | -2.1 pts | 31.6% | 31.5% | 26.3% | -0.29 | 246 |
| WDC | -2.8 pts | 30.6% | 30.5% | 30.4% | -0.48 | 246 |
| AAPL | -2.1 pts | 28.8% | 28.7% | 34.4% | -0.28 | 246 |
| XLE | -0.6 pts | 25.1% | 25.0% | 29.8% | -0.67 | 246 |
| CRSR | -7.4 pts | 24.9% | 24.8% | 33.8% | -0.64 | 244 |
| XOM | -0.9 pts | 24.3% | 24.6% | 28.4% | -0.61 | 246 |
| XLK | -1.9 pts | 23.3% | 23.2% | 29.0% | -0.67 | 246 |
| AMD | -4.2 pts | 23.1% | 23.0% | 19.4% | -0.61 | 246 |
| DIA | -1.5 pts | 21.4% | 21.3% | 29.6% | -0.81 | 246 |
| SPY | -1.9 pts | 20.8% | 20.7% | 20.8% | -0.67 | 246 |
| SPCX | -4.3 pts | 19.0% | 19.0% | 6.8% | -0.57 | 71 |
| SOXX | -2.0 pts | 19.0% | 18.9% | 41.6% | -0.97 | 246 |
| NVDA | -5.2 pts | 14.1% | 14.0% | 26.5% | -0.70 | 246 |
| PANW | -5.5 pts | 13.5% | 13.4% | 13.0% | -0.79 | 246 |
| ORCL | -6.1 pts | 11.8% | 11.8% | 13.3% | -0.71 | 246 |
| PLTR | -8.6 pts | 11.4% | 11.4% | 16.7% | -0.74 | 246 |
| QQQ | -2.4 pts | 10.6% | 10.6% | 18.6% | -1.19 | 246 |
| DE | -3.7 pts | 8.4% | 8.3% | 19.5% | -0.81 | 246 |
| CRWD | -7.0 pts | 4.3% | 4.3% | 10.5% | -1.09 | 246 |
| SMH | -3.8 pts | 3.7% | 3.7% | 18.1% | -1.76 | 246 |
| AVGO | -7.3 pts | 3.3% | 3.3% | 8.9% | -1.25 | 246 |
| DELL | -6.6 pts | 2.9% | 2.8% | 6.0% | -0.98 | 246 |
| XLI | -2.6 pts | 1.6% | 1.6% | 9.7% | -1.69 | 246 |
| RSP | -1.9 pts | insufficient data (n=1) | insufficient data (n=1) | insufficient data (n=1) | insufficient data (n=1) | 1 |
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