Multi-Factor Sentiment Dashboard
Enter today's readings for each indicator. Leave a field blank to exclude it from the composite. Sources: CBOE (put/call, VIX), AAII (weekly survey), FINRA (short interest), CNN Fear & Greed Index.
Dashboard Results
Indicator Detail
| Indicator | Your Reading | Zone | Score (0–100) | Weight |
|---|
How to Use This Dashboard
Gather current readings from the primary sources for each indicator: the CBOE website for VIX and put/call ratios, the AAII website (published Thursday mornings) for the weekly survey, and the CNN Fear & Greed Index page for that composite reading. Short interest data from FINRA is updated twice monthly; use the most recent available figure or a commercial provider for more timely data.
You do not need to enter all fields. The dashboard weights available indicators proportionally. However, the composite score is more reliable when more indicators are included. The score ranges from 0 (Extreme Fear) to 100 (Extreme Greed), with 50 representing neutral historical average conditions. Scores below 25 indicate market-wide fear conditions; scores above 75 indicate widespread greed or complacency.
Use the result as a starting point for analysis, not a trading signal. A score below 25 suggests the environment is favorable for contrarian long setups — it does not mean you should buy immediately. Combine the composite reading with price action confirmation before taking any position. See the Combining Sentiment with Price Action guide for the full framework.
Understanding the Outputs
Each indicator is scored on a 0–100 scale where 0 represents the most fearful historical reading and 100 represents the most greedy reading. The Fear & Greed Index is passed through directly. The VIX is inverted (high VIX = fear = low score). The AAII bearish percentage is inverted (high bearish = fear = low score). The put/call ratio is inverted and rescaled. The VIX term structure maps backwardation to a low (fearful) score and steep contango to a high (greedy) score.
The composite score is a weighted average of the available indicators. The weights reflect the general reliability of each indicator: VIX and put/call ratio are given higher weights because they reflect actual capital at risk. The AAII survey is weighted somewhat lower because it measures stated opinion rather than positioning. Short interest receives a moderate weight because it provides useful context but has a two-week data lag. The CNN Fear & Greed index is weighted at its face value as a useful composite summary.
Zone labels follow these thresholds: Extreme Fear (0–20), Fear (21–40), Neutral (41–59), Greed (60–79), Extreme Greed (80–100). These correspond roughly to the 10th, 25th, 50th, 75th, and 90th percentiles of historical readings for each indicator, though the exact mapping is synthetic since the dashboard uses current user inputs rather than a live data feed.
The interpretation text summarizes the contrarian implication of the current composite: extreme fear readings historically precede above-average six-month forward returns; extreme greed readings historically precede below-average returns. Neutral readings carry no directional implication and should not be acted upon from a sentiment perspective.
Assumptions and Limitations
- This dashboard uses user-entered data, not a live market feed. Readings must be manually updated from primary sources each time you use the tool.
- Historical zone thresholds are approximations based on long-run data; actual percentile thresholds shift over time as market structure evolves.
- Short interest data from FINRA has a two-week reporting lag; the reading you enter may not reflect current positioning in fast-moving markets.
- The composite weighting is a reasonable heuristic but is not derived from a formal quantitative backtest. Different weighting schemes would produce somewhat different scores.
- This tool does not incorporate real-time price action, breadth data, or fundamental indicators — all of which are required for a complete analysis before acting on sentiment readings.
FAQ
Where do I find the CNN Fear & Greed Index?
The CNN Fear & Greed Index is published at money.cnn.com/data/fear-and-greed and updates daily during market hours. It currently incorporates seven sub-indicators including market momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility, and safe haven demand. The index updates in near-real-time during trading hours.
Which put/call ratio should I enter — daily or 21-day average?
The 21-day moving average smooths out single-day noise and provides a more reliable signal. For this dashboard, enter the 21-day moving average of the CBOE equity-only put/call ratio. If you only have the daily reading, enter it with the understanding that a single-day reading carries more noise than the average. The CBOE publishes daily and moving average data at cboe.com/market-statistics/options.
What does a composite score of 50 mean?
A score of 50 represents neutral conditions — the aggregate of the entered indicators is near long-run historical averages with no significant directional bias. Neutral readings do not provide contrarian signal value in either direction. They suggest that sentiment is neither a headwind nor a tailwind, and investment decisions should be driven by other factors (fundamentals, price action, macro).
How often should I update the dashboard?
The update frequency should match the data sources' publication schedules. VIX and put/call are daily (update weekly at minimum); AAII bearish percentage is weekly (update Thursday after publication); CNN Fear & Greed is daily; short interest is bi-monthly (update after each FINRA publication). Running the dashboard once per week after the Thursday AAII update, with the week's latest VIX and put/call readings, gives a good routine cadence.
Can I use this tool for individual stocks?
This dashboard is designed for broad market sentiment analysis. The indicators entered (VIX, AAII, market-wide short interest, CNN index) are all market-level metrics. For individual stock sentiment analysis, the relevant inputs would be the single-stock put/call ratio, the stock's own short interest and days-to-cover, and any available insider activity data. The Contrarian Signal Tracker on this hub is better suited for scoring individual stock setups.
Sources
Disclaimer
This tool is for educational and informational purposes only and does not constitute investment advice. Composite sentiment scores are derived from user-entered data and synthetic historical zone thresholds; they do not represent a backtested trading signal. Past relationships between sentiment readings and market performance do not guarantee future results. Always combine sentiment analysis with price action confirmation and fundamental analysis. Consult a qualified financial professional before making investment decisions.