CATALYST DOSSIER · UPDATED 2026-11-09
$VALN
biotech · convergence -7 · conviction WATCH
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Why $VALN?
Quantitative
Convergence score : -7 (7 signals firing YoY)
Catalysts
Multi-spoke convergence : 7 convergent signals fired: auto_macro_adp_payrolls, auto_macro_banrep_colombia, auto_macro_bls_employment, auto_macro_durable_goods, auto_macro_fx_rates
Risks
Position-sizing discipline : Conviction WATCH (-7 score) — size accordingly; no specific catalyst-fade risk flagged
Bear case
Multiple compression : If breadth deteriorates, biotech-wide multiples re-rate lower regardless of pick-specific thesis
Sympathy basket (cerebro)
QBTS via tech r=+0.98 sympathetic (score 26)
CIIT via tech r=+0.98 sympathetic (score 24)
HYSR via semis r=+0.88 sympathetic (score 13)
INDI via semis r=+0.88 sympathetic (score 13)
SKYD via comms r=+0.70 sympathetic (score 27)
SNT via comms r=+0.70 sympathetic (score 22)
Signals Firing
auto_macro_adp_payrolls auto_macro_banrep_colombia auto_macro_bls_employment auto_macro_durable_goods auto_macro_fx_rates auto_macro_options_gex auto_macro_yield_curve
Pick Track Record Date List Next-day max run Next-day close Hit +2%? 2026-10-15 sec_top_gappers -0.7% -5.1% — 2026-10-15 sec_top_moat_emerging -0.7% -5.1% — 2026-10-08 sec_top_gappers +2.1% +1.6% ✓ hit 2026-10-08 sec_top_moat_emerging +2.1% +1.6% ✓ hit
Lifetime: 2/4 wins · hit-rate 50.0% on +2% intraday
Sympathy Basket QBTS via tech · score 26 CIIT via tech · score 24 HYSR via semis · score 13 INDI via semis · score 13 SKYD via comms · score 27 SNT via comms · score 22
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