Insights

Research perspectives, methodology notes, and market analysis.

August 18, 2026Market Structure

The $725B AI Capex Flywheel: Mapping Dependencies Across 7 Layers

An analysis of how $725B in hyperscaler capital expenditure flows through the AI compute supply chain — from cloud revenue through chip fabrication to power infrastructure.

August 11, 2026Methodology

Walk-Forward Validation: Why Most Backtests Lie

The gap between backtested and live performance is a function of overfitting, not bad luck. Walk-forward validation with multiple-testing corrections is standard practice.

July 28, 2026Risk Management

Regime Detection and Conditional Strategy Allocation

Strategies that perform well in trending markets often fail in mean-reverting regimes. We classify market conditions and allocate capital conditionally.

July 14, 2026Methodology

Transaction Cost Modeling: The Hidden Tax on Alpha

Realistic cost modeling is the single most important control in quantitative research. Without it, most strategies with attractive backtested returns are unprofitable live.

June 30, 2026Factor Research

Factor Models and the Cross-Section of Expected Returns

A survey of factor-based approaches to equity returns — from classical multi-factor models to modern machine learning approaches and their out-of-sample degradation.

June 16, 2026Methodology

The Multiple Testing Problem in Strategy Development

When you test hundreds of strategies, some will look good by chance. We address this through statistical corrections and a complete trial registry.

May 26, 2026Portfolio Construction

Position Sizing Under Uncertainty

Optimal position sizing balances expected return against risk of ruin. We examine practical sizing methods and why aggressive approaches fail in real portfolios.

April 20, 2026Strategy Research

Post-Earnings Announcement Drift: Is the Anomaly Still Exploitable?

PEAD has been documented for decades, yet persists. We examine why behavioral biases and institutional constraints preserve this anomaly in modern markets.

March 31, 2026Risk Management

Drawdown Control and Circuit Breakers in Systematic Portfolios

Automated risk controls that reduce exposure during drawdowns can significantly improve risk-adjusted returns. We describe our multi-layer approach.

March 10, 2026Methodology

Building Reproducible Research Pipelines for Quantitative Finance

Research that cannot be reproduced is research that cannot be trusted. Our framework for version-controlled, auditable backtesting pipelines.

February 17, 2026Foundation

First Principles: Our Approach to Systematic Strategy Development

The founding methodology note for Axis Technologies. Our approach to strategy research: start with empirical findings, validate rigorously, deploy cautiously.