{
  "run": 557,
  "n_collected": 6463,
  "n_matched": 5111,
  "horizon_trading_days": 126,
  "headline": {
    "description": "mean excess return (stock fwd return - SPY fwd return) across all open-market insider purchases",
    "mean_excess_return_pct": 7.809056056228551,
    "se": 0.9314477260196827,
    "t_stat": 8.383783478219081,
    "p_value": 6.556678373227301e-17,
    "ci95": [
      5.983019542875933,
      9.635092569581168
    ],
    "median_excess_return_pct": -1.3693451649895882,
    "win_rate": 0.4803365290549795,
    "win_count": 2455,
    "win_rate_ci95": [
      0.46655612047242256,
      0.49413941204171397
    ],
    "winsorized_1_99": {
      "mean_excess_return_pct": 5.83342837117141,
      "se": 0.6928745239238161,
      "t_stat": 8.41916995033406,
      "p_value": 4.8704837419510685e-17,
      "ci95": [
        4.475097522844271,
        7.1917592194985485
      ]
    }
  },
  "conviction_regression": {
    "description": "OLS: excess_return_pct ~ log10(dollar_value)",
    "n": 5111,
    "slope": -6.191221673247086,
    "intercept": 36.01896400637832,
    "r_squared": 0.010367025010519164,
    "p_value": 2.9573040918207843e-13,
    "std_err": 0.8462884395069136,
    "ci95_slope": [
      -7.850309585386999,
      -4.532133761107174
    ],
    "spearman_rho": -0.18623875638613327,
    "spearman_p": 4.0981887152878577e-41
  },
  "table_sample_winners": [
    {
      "ticker": "TSSI",
      "issuer": "TSS, Inc.",
      "trans_date": "2024-04-03",
      "dollar_value": 6000.0,
      "excess_return_pct": 969.7892065597032
    },
    {
      "ticker": "PSIX",
      "issuer": "POWER SOLUTIONS INTERNATIONAL, INC.",
      "trans_date": "2024-04-25",
      "dollar_value": 15500.0,
      "excess_return_pct": 902.8013015050902
    },
    {
      "ticker": "MNPR",
      "issuer": "Monopar Therapeutics",
      "trans_date": "2024-06-20",
      "dollar_value": 15175.92,
      "excess_return_pct": 781.890821764955
    },
    {
      "ticker": "NXL",
      "issuer": "Nexalin Technology, Inc.",
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      "excess_return_pct": 545.4943319192732
    },
    {
      "ticker": "NUTX",
      "issuer": "Nutex Health, Inc.",
      "trans_date": "2024-06-12",
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      "excess_return_pct": 504.3049438858754
    },
    {
      "ticker": "HROW",
      "issuer": "HARROW, INC.",
      "trans_date": "2024-04-23",
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      "excess_return_pct": 436.04423198447614
    },
    {
      "ticker": "LUMN",
      "issuer": "Lumen Technologies, Inc.",
      "trans_date": "2024-05-02",
      "dollar_value": 960000.0,
      "excess_return_pct": 382.0438496307143
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    {
      "ticker": "CRVS",
      "issuer": "Corvus Pharmaceuticals, Inc.",
      "trans_date": "2024-05-06",
      "dollar_value": 34600.0,
      "excess_return_pct": 361.2495914027116
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    {
      "ticker": "CTTH",
      "issuer": "CTT PHARMACEUTICAL HOLDINGS, INC.",
      "trans_date": "2024-06-03",
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      "excess_return_pct": 340.2453087029052
    },
    {
      "ticker": "AONC",
      "issuer": "American Oncology Network, Inc.",
      "trans_date": "2024-05-21",
      "dollar_value": 632.4,
      "excess_return_pct": 320.49092534758995
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    {
      "ticker": "WGS",
      "issuer": "GeneDx Holdings Corp.",
      "trans_date": "2024-05-28",
      "dollar_value": 377245.44,
      "excess_return_pct": 278.42139054104007
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    {
      "ticker": "CLOV",
      "issuer": "CLOVER HEALTH INVESTMENTS, CORP. /DE",
      "trans_date": "2024-05-17",
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      "excess_return_pct": 230.2420048408624
    },
    {
      "ticker": "PDYN",
      "issuer": "Palladyne AI Corp.",
      "trans_date": "2024-06-04",
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    },
    {
      "ticker": "AMLX",
      "issuer": "Amylyx Pharmaceuticals, Inc.",
      "trans_date": "2024-05-14",
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      "excess_return_pct": 218.9062392994834
    },
    {
      "ticker": "ACRS",
      "issuer": "Aclaris Therapeutics, Inc.",
      "trans_date": "2024-06-11",
      "dollar_value": 1080000.0,
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    }
  ],
  "table_sample_losers": [
    {
      "ticker": "EDBL",
      "issuer": "Edible Garden AG Inc",
      "trans_date": "2024-04-25",
      "dollar_value": 4277.0,
      "excess_return_pct": -112.32962978897363
    },
    {
      "ticker": "ELYS",
      "issuer": "Elys BMG Group, Inc.",
      "trans_date": "2024-05-07",
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    },
    {
      "ticker": "ARDS",
      "issuer": "Aridis Pharmaceuticals, Inc.",
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    {
      "ticker": "XXII",
      "issuer": "22nd Century Group, Inc.",
      "trans_date": "2024-05-30",
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      "excess_return_pct": -105.67713247030056
    },
    {
      "ticker": "SONX",
      "issuer": "Sonendo, Inc.",
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      "excess_return_pct": -105.45393978021208
    },
    {
      "ticker": "AZTR",
      "issuer": "Azitra, Inc.",
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    {
      "ticker": "KITT",
      "issuer": "Nauticus Robotics, Inc.",
      "trans_date": "2024-04-15",
      "dollar_value": 6546.32,
      "excess_return_pct": -99.99401209518382
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    {
      "ticker": "SOAR",
      "issuer": "Volato Group, Inc.",
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    {
      "ticker": "NCPL",
      "issuer": "Netcapital Inc.",
      "trans_date": "2024-04-24",
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      "excess_return_pct": -99.41640704889711
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    {
      "ticker": "NXMH",
      "issuer": "Next Meats Holdings, Inc.",
      "trans_date": "2024-04-04",
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      "excess_return_pct": -98.69258401261632
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    {
      "ticker": "ROII",
      "issuer": "RiskOn International, Inc.",
      "trans_date": "2024-04-17",
      "dollar_value": 1122.02,
      "excess_return_pct": -97.06530295394528
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    {
      "ticker": "SHWZ",
      "issuer": "Medicine Man Technologies, Inc.",
      "trans_date": "2024-04-11",
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      "excess_return_pct": -96.20877264357746
    },
    {
      "ticker": "ALXO",
      "issuer": "ALX ONCOLOGY HOLDINGS INC",
      "trans_date": "2024-06-13",
      "dollar_value": 102360.0,
      "excess_return_pct": -95.2850808542372
    },
    {
      "ticker": "ALZN",
      "issuer": "Alzamend Neuro, Inc.",
      "trans_date": "2024-04-19",
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      "excess_return_pct": -94.02691186478714
    },
    {
      "ticker": "ASTI",
      "issuer": "Ascent Solar Technologies, Inc.",
      "trans_date": "2024-04-12",
      "dollar_value": 1800.0,
      "excess_return_pct": -93.13841001870942
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  ]
}