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Mag 7 Concentration

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Mag 7 Concentration

What it is

Mag 7 Concentration β€” registry key mag7_weight.

Concentration measures structural fragility, not market direction. Surfaced for situational awareness; not in health score.

Data-pyramid tier

T1 β€” Signal. This metric sits at the signal layer of the platform’s six-tier data pyramid (T0 raw inputs β†’ T5 actionable read). The tier reflects how far the value is from a raw measurement β€” not how strongly it is validated. Abstraction and validation are separate axes: a higher tier is not a claim of stronger evidence.

Horizon & validation

No validated skill horizon is on file for this metric β€” read it as context / a data carrier, not a validated edge. Stamps are added only when a gated research verdict lands.

Source

Source module: breadth
Data source: back_fillable

Fetched directly from app/sources/breadth.py; see source code for the upstream API call and any provider-specific handling.

How it’s computed

Combined market-cap weight of the Magnificent 7 (AAPL, MSFT, GOOG/GOOGL, AMZN, NVDA, META, TSLA) as a percent of the S&P 500: sum(MC[MAG7]) / sum(MC[SPX]) Γ— 100. See app/sources/breadth.py:201.

Where it surfaces

Bands / thresholds

Classifier direction: lower_is_better.

Range Label Dot Implication Points
β€” Normal favorable NEUTRAL β€”
β€” Elevated leaning NEUTRAL β€”
β€” Concentrated cautionary BEARISH β€”
β€” Extreme adverse BEARISH β€”

Health-score / alignment role

Display-only β€” has bands for surface labeling but does not contribute to the health score (scoring is handled by a companion metric).

Release cadence

See also