{ "signal": "certvas-issuer-persistence-v1", "name": "Certvas Issuer Reporting-Persistence Signal", "version": "v1", "sku": "AF-FUND", "label": "Published for research and informational use. Not administered as, and not for use as, a regulated benchmark.", "grain": "issuer", "point_in_time": "Spans are measured over reported period_end; first/latest_observed_at are the earliest and latest vintages the issuer was seen at. No look-ahead: every value is derived from records already in the archive.", "snapshot_hash": "2a014c7bea9d8742", "caveats": [ "This measures persistence of REPORTING IN THE CERTVAS ARCHIVE, which is a lower bound on issuer longevity and not a measurement of it. A short history may mean a young issuer or late-started coverage; the two are indistinguishable from inside the data.", "lindy_expected_additional_years is numerically equal to years_reported by construction. It is a mechanical restatement of observed age under the Lindy heuristic, published so the assumption is visible. It is NOT a forecast, and Certvas does not assert that issuer lifetimes are Lindy-distributed.", "No market capitalisation, adoption or subjective risk term is included. Certvas holds no market-data licence, and weighting real data by asserted constants would present a guess as a computation. No projected future values are published.", "Annual (FY) periods only. An issuer with fewer than 2 distinct annual periods is EXCLUDED rather than scored low, because its span is unmeasured rather than short.", "continuity_ratio = distinct reported years / (calendar years spanned). It falls below 1.0 when a year inside the span is missing, which may be a genuine reporting gap or a Certvas coverage gap \u2014 the signal cannot tell you which." ], "observations": [ { "dataco_id": "DC42CB1D529288D1B0F05EFE0C", "first_period_end": "2015-03-31", "latest_period_end": "2024-03-31", "years_reported": 9.002, "n_annual_periods": 3, "n_facts": 47, "continuity_ratio": 0.3, "max_gap_years": 6, "lindy_expected_additional_years": 9.002, "first_observed_at": "2026-08-24", "latest_observed_at": "2026-08-27" }, { "dataco_id": "DC6A4848A3C67EFA356D9772FB", "first_period_end": "2015-06-30", "latest_period_end": "2023-06-30", "years_reported": 8.0, "n_annual_periods": 4, "n_facts": 56, "continuity_ratio": 0.4444, "max_gap_years": 5, "lindy_expected_additional_years": 8.0, "first_observed_at": "2026-08-11", "latest_observed_at": "2026-08-27" }, { "dataco_id": "DC17ACF450A593947F494063C3", "first_period_end": "2017-03-31", "latest_period_end": "2024-03-31", "years_reported": 7.001, "n_annual_periods": 7, "n_facts": 142, "continuity_ratio": 0.875, "max_gap_years": 1, "lindy_expected_additional_years": 7.001, "first_observed_at": "2026-08-24", "latest_observed_at": "2026-09-14" }, { "dataco_id": "DC323916F715E5B981CA202529", "first_period_end": "2015-09-30", "latest_period_end": "2022-09-30", "years_reported": 7.001, "n_annual_periods": 5, "n_facts": 88, "continuity_ratio": 0.625, "max_gap_years": 2, "lindy_expected_additional_years": 7.001, "first_observed_at": "2026-08-21", "latest_observed_at": "2026-08-29" }, { "dataco_id": "DC33F1B309A6DE174EA129D72F", "first_period_end": "2015-12-31", "latest_period_end": "2022-12-31", "years_reported": 7.001, "n_annual_periods": 4, "n_facts": 70, "continuity_ratio": 0.5, "max_gap_years": 4, "lindy_expected_additional_years": 7.001, "first_observed_at": "2026-08-12", "latest_observed_at": "2026-08-27" }, { "dataco_id": "DC8C2D032787CEE5D400A90CF0", "first_period_end": "2018-12-31", "latest_period_end": "2025-12-31", "years_reported": 7.001, "n_annual_periods": 8, "n_facts": 88, "continuity_ratio": 1.0, "max_gap_years": 0, "lindy_expected_additional_years": 7.001, "first_observed_at": "2026-08-11", "latest_observed_at": "2026-08-27" }, { "dataco_id": "DC3D72AEE893F8A8A983BD3273", "first_period_end": "2018-12-31", "latest_period_end": "2024-12-31", "years_reported": 6.001, "n_annual_periods": 6, "n_facts": 68, "continuity_ratio": 0.8571, "max_gap_years": 1, "lindy_expected_additional_years": 6.001, "first_observed_at": "2026-08-21", "latest_observed_at": "2026-08-29" }, { "dataco_id": "DC36E3F9C8C9C29DE74B389211", "first_period_end": "2017-03-31", "latest_period_end": "2022-03-31", "years_reported": 4.999, "n_annual_periods": 3, "n_facts": 15, "continuity_ratio": 0.5, "max_gap_years": 3, "lindy_expected_additional_years": 4.999, "first_observed_at": "2026-08-21", "latest_observed_at": "2026-08-29" }, { "dataco_id": "DC497EAF35D77C2A0BEC11770B", "first_period_end": "2017-06-30", "latest_period_end": "2022-06-30", "years_reported": 4.999, "n_annual_periods": 5, "n_facts": 99, "continuity_ratio": 0.8333, "max_gap_years": 1, "lindy_expected_additional_years": 4.999, "first_observed_at": "2026-08-24", "latest_observed_at": "2026-08-31" }, { "dataco_id": "DCE7A761F93ED85241FC4B9500", "first_period_end": "2018-12-31", "latest_period_end": "2023-12-31", "years_reported": 4.999, "n_annual_periods": 5, "n_facts": 53, "continuity_ratio": 0.8333, "max_gap_years": 1, "lindy_expected_additional_years": 4.999, "first_observed_at": "2026-08-21", "latest_observed_at": "2026-09-11" }, { "dataco_id": "DC0288E6A1E304761863C05D43", "first_period_end": "2017-12-31", "latest_period_end": "2021-12-31", "years_reported": 4.0, "n_annual_periods": 3, "n_facts": 39, "continuity_ratio": 0.6, "max_gap_years": 1, "lindy_expected_additional_years": 4.0, "first_observed_at": "2026-08-24", "latest_observed_at": "2026-08-31" }, { "dataco_id": "DC13E4DE6F7A548635DE11EDEA", "first_period_end": "2019-06-30", "latest_period_end": "2023-06-30", "years_reported": 4.0, "n_annual_periods": 4, "n_facts": 77, "continuity_ratio": 0.8, "max_gap_years": 1, "lindy_expected_additional_years": 4.0, "first_observed_at": "2026-08-24", "latest_observed_at": "2026-09-10" }, { "dataco_id": "DC4C096C3F1B435F911B501106", "first_period_end": "2021-12-31", "latest_period_end": "2025-12-31", "years_reported": 4.0, "n_annual_periods": 2, "n_facts": 21, "continuity_ratio": 0.4, "max_gap_years": 3, "lindy_expected_additional_years": 4.0, "first_observed_at": "2026-07-21", "latest_observed_at": "2026-09-08" }, { "dataco_id": "DC52EBEFBE0FEFEDB9FB76EF1D", "first_period_end": "2021-12-31", "latest_period_end": "2025-12-31", "years_reported": 4.0, "n_annual_periods": 4, "n_facts": 85, "continuity_ratio": 0.8, "max_gap_years": 1, "lindy_expected_additional_years": 4.0, "first_observed_at": "2026-08-11", "latest_observed_at": "2026-09-11" }, { "dataco_id": "DCA2132D71BC291E127CB6E16C", "first_period_end": "2021-12-31", "latest_period_end": "2025-12-31", "years_reported": 4.0, "n_annual_periods": 5, "n_facts": 104, "continuity_ratio": 1.0, "max_gap_years": 0, "lindy_expected_additional_years": 4.0, "first_observed_at": "2026-08-10", "latest_observed_at": "2026-09-14" }, { "dataco_id": "DC0F5DE1F117EC1F90C55EFE32", "first_period_end": "2023-03-31", "latest_period_end": "2026-03-31", "years_reported": 3.001, "n_annual_periods": 4, "n_facts": 66, "continuity_ratio": 1.0, "max_gap_years": 0, "lindy_expected_additional_years": 3.001, "first_observed_at": "2026-09-01", "latest_observed_at": "2026-09-12" }, { "dataco_id": "DC4E58111491A34CFD8FF62E8A", "first_period_end": "2023-04-30", "latest_period_end": "2026-04-30", "years_reported": 3.001, "n_annual_periods": 4, "n_facts": 73, "continuity_ratio": 1.0, "max_gap_years": 0, "lindy_expected_additional_years": 3.001, "first_observed_at": "2026-09-01", "latest_observed_at": "2026-09-13" }, { "dataco_id": "DC4EBD9B70D8C557E37283E1A0", "first_period_end": 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