VOL. I · NO. 119 · standardpoorly.comTHU · MAY 28 · 2026FORWARD HORIZON · 1 d / 1 wk / 1 mo / 3 mo
STANDARD Poorly
"All the correlations that are barely fit to print"
← back to front page·indicator report
StandardcommoditiesSP-2651

Eagle Materials (EXP) stock price

Eagle Materials cement + gypsum wallboard. Cement is the most cycle-sensitive building material, so EXP often leads broader construction equities.

the verdict —
At the 126d horizon, this signal hits in the predicted direction 54% of fires. Mean SPY forward return when it lights: +0.03%. Status: OOS validated. n = 6474. Bullish on the underlying when fired.
What to watch when it fires
DBC

Current state

Latest value · 2026-05-22
199.4
vs ~6 weeks ago
0.0%
vs 60 days ago
12%
vs 7 days ago
0.0%
last 90 observations · 2026-01-14 2026-05-22

The series — full history

Daily readings, every reading we have. Pick a window with the time-period buttons; flip to candles via the global toggle in the masthead (or press C). Toggle the SPY overlay to see how this series and the S&P 500 have moved together.

Eagle Materials (EXP) stock price
214.7 -3.30 (-1.51%) over 1Y
Hover for date + value · Toggle SPY to compare relative move · Switch to Candle for OHLC view
245.0226.3207.7189.0170.3May 25Aug 25Nov 25Feb 26May 26
2025-05-27 → 2026-05-27 · 252 bars

What it has historically predicted

Historically barely better than chance over the next six months. We surface this for transparency, not because we'd trade on it.

49%
−0.03%
1 d
49%
−0.08%
1 wk
51%
−0.07%
1 mo
53%
+0.27%
3 mo
54%
+0.03%
6 mo
54%
+0.95%
1 yr

Beyond SPY — how this signal performs across markets

Same fire days, different forward returns. Each row asks: when this signal fires, what does that asset do? The big number is the average return; underneath is how often the asset moved the same direction as the signal (50% would be a coin flip).

target
1 d
1 wk
1 mo
3 mo
6 mo
1 yr
SPY
S&P 500 ETF
n=6,474
-0.03%
49% same direction
-0.08%
49% same direction
-0.07%
51% same direction
+0.27%
53% same direction
+0.03%
54% same direction
+0.95%
54% same direction
BTC
bitcoin
n=2,877
+0.07%
52% same direction
+0.34%
51% same direction
+0.65%
51% same direction
+4.7%
56% same direction
+8.7%
56% same direction
+6.2%
55% same direction
Analyst · 6 moreWTI · Gold · Copper · DXY · MOVE · VNQ see the full 8-target matrix with bootstrap confidence intervals.Join waitlist →

Each fire in history — when the signal popped, what SPY did next

Each bar is one historical fire — the indicator's value moved 2.5+ standard deviations from its rolling 180 trading-day mean (~9 months), or for monotonic “days since” indicators, crossed an 80th/90th/95th/99th percentile. Bar height = SPY's forward return at the selected horizon, signed by signal direction. Green above zero means the market moved with the signal; red below zero means it moved against.

horizon:
0 fires · 0% positive · avg +0.00%
−5.0%−2.5%0%+2.5%+5.0%
Each bar = one fire day (|z|≥2.5 from 180-day rolling baseline). Bar height = SPY return over the the next six months, signed by signal direction. Dashed line = average across fires.
shaded cell = each row's strongest horizon (green = bullish forward return, red = bearish)“same direction” means the asset moved the same way the signal moved — opposite of a coin flip.