> ## Documentation Index
> Fetch the complete documentation index at: https://auramarkets.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Quant score

> The −100 to +100 number that summarizes how risk-on or risk-off the market is right now.

The **quant score** is one number, between −100 and +100, that summarizes how risk-on or risk-off the market is at a given moment. It updates every five minutes during the trading day.

It's the spine of the [Daily Recap](/macro/daily-recap), the [Market Pulse](/macro/market-pulse) sidebar, and the [day's arc bar](/concepts/days-arc-bar).

## How to read it

| Score           | Meaning                                                                  |
| --------------- | ------------------------------------------------------------------------ |
| **+50 to +100** | Strong risk-on — equities up, vol low, credit tight, breadth wide        |
| **+20 to +50**  | Mild risk-on                                                             |
| **−20 to +20**  | Neutral / mixed                                                          |
| **−50 to −20**  | Mild risk-off                                                            |
| **−100 to −50** | Strong risk-off — equities down, vol up, credit widening, defensives bid |

## What goes into it

Eight buckets, weighted and combined:

* **Equities** — index returns, sector dispersion
* **Volatility** — VIX, MOVE, term structure, [vol regime](/concepts/vol-richness)
* **Credit** — HY spreads (HYG vs SPY)
* **[Breadth](/concepts/breadth)** — A/D, % above moving averages
* **Yields** — front-end vs long-end direction
* **Gold** — defensive haven flow
* **Dollar** — DXY direction
* **Sector tilts** — defensive vs cyclical leadership

No AI in the calculation — it's a deterministic weighted average. AI is layered on top later for the written recap.

## Why a bounded scale

A bounded scale means today's score is directly comparable to last Tuesday's, last quarter's, last year's. The percentile next to the score (e.g., "57th %ile") tells you where today sits in the historical distribution.

<Note>
  Under the hood the score is computed on a −1 to +1 scale and shown ×100 as a clean integer (e.g. **+42**). Same number, friendlier display — it shares the −100..+100 convention with the sentiment score.
</Note>