The Krypton Universe

Every published investment idea. One accountable research record.

An evolving record of the companies and industries covered by Krypton Research, tracking performance from our earliest public research through the latest available market prices.

Companies Covered: 39
Positive Returns: 74.4%
Benchmark Outperformance: 69.2%
Average Return: +23.8%
Average Excess Return: +15.4%
Research Profit Factor: 5.72×

As of Nov 11, 2026

The Krypton Universe is not the Krypton Portfolio. It is an equal-weighted set of individual research observations, each with its own start date. It is not an investable portfolio, a reconstructed NAV, or the return of a rebalanced strategy. Historical returns do not guarantee future performance.

First 50 Trading Days

How our research ideas have performed following publication, aligned by trading session rather than calendar date.

Research set

Based on 28 publicly covered companies with at least 50 completed trading sessions. The same fixed set is used for every day, so the line never changes composition as it advances.

Research Performance Tree & Directory

Company-by-company performance, the searchable research directory, and links to each original piece are included with a Krypton subscription.

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Methodology & Disclosures

How these figures are calculated

Research initiation: Returns begin from the earliest publicly documented Krypton Research coverage of a company. Krypton publishes on weekends, so the starting price is the company's first recorded close — the last close before publication — which can fall just before the publication date. The original publication is linked for every company. Moving a company into another classification never resets its start.
Company performance: Price return from the initiation close to the latest close, or to the terminal close for closed research (the exit date of a closed portfolio position that is no longer followed, or the last day a covered idea had a recorded price). Closed results are frozen and do not continue to update. All prices come from the daily closing prices already used to compute Krypton's portfolio; no live quotes are used.
Benchmarks: Each company is measured against the benchmark assigned to its original research idea — the S&P 500 for flagship portfolio ideas, or the basket's own benchmark (ROBO, IGV, ITA, UFO) — over the identical initiation-to-terminal period.
Excess return: Company price return minus benchmark price return, shown as a simple difference (a +30% return against a +10% benchmark is +20%). It is not risk-adjusted alpha.
Classification: Every company appears once, under its highest classification: Portfolio, then Active Research Coverage (covered companies that belong to no basket and were never portfolio positions), then Thematic Baskets. A portfolio position follows portfolio rules throughout — its benchmark, status, and end date — even if it also appears in a basket, and a closed position remains in Portfolio. The exception is a closed position that Krypton continues to follow: if its prices keep updating after the exit date, it continues as Active Research Coverage from its original start date, measured through the latest close. If a position is later re-opened in the portfolio at a new price, it returns to Portfolio with the same original start date; the new entry price does not reset the research return. Companies in several baskets keep those memberships as secondary tags.
Research Profit Factor: The sum of the research returns of all ideas with a gain, divided by the absolute sum of the returns of all ideas with a loss. It is a descriptive, equal-weighted statistic over individual research ideas that began on different dates and ran for different lengths of time; it is not a trading profit factor and does not reflect realized profits, position sizes, or cash gains. Ideas with a zero return add to neither sum, and the figure is not shown if there are no losing ideas.
Aggregation: Each company contributes exactly one observation to the summary statistics, regardless of overlapping coverage. A company without a valid initiation price, benchmark, or terminal observation is shown but excluded from the statistics; missing data is never counted as a zero return.
First 50 trading days: Only ideas with at least 50 completed trading sessions and a complete price record over those sessions are included, and the same fixed set is used for every day, so the line never changes composition as it advances.
Important distinction: Krypton Universe statistics do not represent the performance of an investable portfolio. They aggregate research observations with different initiation dates, holding periods, and benchmarks. Historical returns do not guarantee future performance. Krypton Research is not a registered investment adviser or broker-dealer, and nothing here is a recommendation to buy or sell any security.