---
title: "Swoopr Market X-Ray"
description: "See Swoopr's Market X-Ray, which identifies the largest changes across all Swoopr intelligence dimensions since the prior session or week and attributes them."
canonical: https://www.getswoopr.com/market-intelligence/market-x-ray/
source: "Swoopr Investment: https://www.getswoopr.com"
---

Market Intelligence

# Swoopr Market X-Ray: What Changed?

> Swoopr Market X-Ray: What Changed? is a change-detection and attribution page that explains which Swoopr intelligence dimensions moved, by how much, and what drove the change. It is designed to answer one narrow question: What changed underneath the market since the prior session or prior week? The output is educational market context, not a forecast, recommendation, or promise of future returns.

## Direct Answer

> **Direct answer:** Swoopr Market X-Ray: What Changed? is a change-detection and attribution page that identifies which Swoopr intelligence dimensions shifted since the prior reading, by how much, and what market signals drove the change. It is designed to answer the most practical daily question for an active investor: of all the things that could have changed, what actually moved and why does it matter. The page surfaces only genuine moves above noise thresholds to reduce the cognitive load of monitoring multiple signals simultaneously.

## What It Measures

The central question this tool answers: *What changed underneath the market since the prior session or prior week?*

The evidence model draws from the following component families:

- Fear and Greed delta
- Volatility delta
- Market Health delta
- Breadth delta
- Fragility delta
- Concentration delta
- Liquidity delta
- Cross-Asset Tension delta
- Regime stability delta
- Signal Conviction delta

The objective is not to maximize the number of inputs but to capture independent information. Every component needs an independence rationale in the methodology registry explaining what unique information it adds and where it overlaps with other components.

## How the Score Works

Market X-Ray does not produce a single composite score. Instead it ranks the 10 Swoopr intelligence dimensions by the magnitude of their change since the prior session or prior week. Each dimension is labeled Improved, Deteriorated, Mixed or Stable based on its delta and its component drivers.

Narrative output is suppressed when data coverage for a dimension falls below the documented threshold; the page displays a "Insufficient data" notice for that dimension rather than generating a misleading attribution.

Every reading publishes **coverage** separately from the score. If data are missing, the affected component is excluded, coverage falls, and the page tells the user. Missing data are never converted to a neutral score. The UI uses terms such as **Full coverage**, **Partial coverage**, **Stale component** and **Methodology fallback**.

## Interpretation

Market X-Ray does not use fixed interpretation bands. Instead it ranks dimensions by materiality of change. Dimensions that moved most are listed first. Each entry shows the direction of change (Improved, Deteriorated, Mixed, Stable) and the top component drivers of that change.

The direction labels are communication aids, not natural laws. A small change in a dimension is not a fundamental break in market reality. The page always shows the numeric value, trend, component contributions and the prior reading so context is visible rather than artificial cliffs.

## How to Read It

**Beginner:** The page answers one question: what moved the most since yesterday or last week? Read the top two or three entries to understand what the market's underlying structure did, rather than just what prices did.

**Intermediate:** Each dimension entry shows its delta, direction label and the top two or three component drivers. A dimension marked "Mixed" means some components improved while others deteriorated.

**Advanced:** Update timestamps for each dimension are displayed. Archived snapshots carry their methodology version. The page avoids market-news phrasing ("stocks surged because...") and instead uses attribution from the component formulas.

## Failure Modes and Guardrails

- Data series within each dimension update at different frequencies; the page discloses the timestamp of the most recent update for each dimension.
- Daily narrative cannot imply causal certainty from correlation; component attribution is mechanical, not causal.
- Archived snapshots use the methodology version current at the time; a methodology change may make historical deltas non-comparable.
- Market-news phrasing must be avoided; the page describes what the indicators show, not why prices moved.

If data freshness exceeds the SLA, the component shows **Delayed** or **Unavailable**, preserves the last timestamp, and stops generating "current" language. If a data source changes definition or licensing, the affected component is disabled until it is reviewed.

## Frequently Asked Questions

Is Swoopr Market X-Ray: What Changed? a buy or sell signal?

No. It describes the condition named by the tool and does not recommend a transaction. A high or low reading can persist, and markets can move against the historical pattern associated with any indicator.

How often should it update?

Each intelligence dimension updates at its own cadence. The page displays the timestamp of the most recent update for each dimension and does not imply uniform freshness across all 10 components.

Why use a 0 to 100 scale?

Swoopr Market X-Ray does not use a 0 to 100 scale. It ranks dimensions by magnitude of change and labels them directionally (Improved, Deteriorated, Mixed, Stable) to preserve the information about what moved rather than compressing it into a single composite.

This score is educational market context only. It is not investment advice, a forecast, or a promise of future returns.

## Methodology Version and Source Provenance

### Current Version

| Field | Value |
| --- | --- |
| Version | v1.0 |
| Effective date | 2026-09-30 |
| Methodology policy | [Swoopr Investment: Data & Methodology Policy](https://www.getswoopr.com/legal/data-methodology/) |

### Change Log

| Version | Date | Summary |
| --- | --- | --- |
| v1.0 | 2026-09-30 | Initial published version. Scoring logic, normalization standard, component weights and missing-data rules documented for the first time. |

### Source Series and Provenance

The table below lists the primary input series used in this score. Swoopr does not redistribute or relicense third-party data. Source data is retrieved for internal computation only; third-party terms apply to any direct use of those series.

| Component | Primary source | Series / method | Data type |
| --- | --- | --- | --- |
| Sector performance | S&P Dow Jones Indices | GICS sector daily and rolling returns | Sector returns |
| Factor performance | Composite | Value, growth, momentum, quality, low-volatility factor indices | Factor returns |
| Market internals | NYSE / composite | A/D line, new high-low ratios, volume breadth | Breadth |
| Cross-asset context | FRED / Cboe / composite | NFCI, VIX, Treasury yield curve | Macro conditions |

### Limitations

X-Ray is a snapshot, not a forecast. Sector and factor leadership can reverse quickly. Breadth measures have look-back dependency; short-term readings differ substantially from longer ones.

All scores are for education and general information only. They do not constitute personalized investment advice. See the [Financial Disclaimer](https://www.getswoopr.com/legal/disclaimer/) and [Data & Methodology Policy](https://www.getswoopr.com/legal/data-methodology/) for full terms.

## References

- [Swoopr Investment: Fear and Greed Index](https://www.getswoopr.com/fear-greed/)
- [Cboe: VIX Volatility Products](https://www.cboe.com/tradable-products/vix)
- [Chicago Fed: National Financial Conditions Index via FRED](https://fred.stlouisfed.org/series/NFCI)
- [Federal Reserve: Financial Stability Report May 2026](https://www.federalreserve.gov/publications/2026-may-financial-stability-report-overview.htm)
- [Swoopr Investment: Research Digest](https://www.getswoopr.com/digest/)
- [Swoopr Investment: Evidence and Validation](https://www.getswoopr.com/about/evidence/)