INTELLIGENCE BENEATH THE MARKET
MARKETS
LOOK RANDOM.
They are not always
random in the same way.
CONTEXT FIRST
THEN SIGNAL.
Before studying an individual opportunity, we examine the environment around it. LMData investigates longer-term market regimes to understand how behaviour changes across conditions.
STRUCTURE
INSIDE REGIME.
Within each regime, price tells a different story. We study recurring behaviour, the conditions that precede it, and the points at which an explanation fails.
NOT JUST A VIEW,
BUT A WAY TO INVESTIGATE.
Models need evidence. Our research moves between regime, price behaviour, systematic testing and the data beneath every conclusion.
Regime Detector
Investigate the prevailing market environment. Examine how directional behaviour and volatility distinguish one state from another.
RESEARCH OVERVIEW / PLATFORM MATERIAL TO FOLLOWMEASURE THE COST
OF THE JOURNEY.
A destination is only part of the result. Drawdown, exposure, time and volatility shape the journey required to get there.
LM DATA / EFFICIENCY RESEARCHDrawdown
The depth of a decline from a previous peak, and the recovery required.
PLATFORM VIEW RESERVED FOR VERIFIED LM DATA SCREENSHOTS & DATA.
EVERY CURVE
HAS A HISTORY.
Read the path, not only the endpoint. A real equity curve belongs alongside its test period, costs, assumptions and underlying data.
NQ System
Equity calculated from the original 997-trade ledger using Databento NQ one-minute data. Results include modelled slippage and are before commissions.
Recorded out-of-sample period: 13 Aug 2025–12 Aug 2026. 197 trades; +1,699.75 points. This run retrospectively re-tests the recorded split; it is not a new untouched holdout.
01MEASURE FIRST.
02ASSUME NOTHING.
03TEST EVERYTHING.
04SURVIVE THE REGIME.
A SMALL LAB.
DEEP QUESTIONS.
LMData is an independent financial research and intelligent-systems laboratory.
Our interests span market regimes, quantitative trading research, systematic testing, market structure and risk — supported by intelligent research systems and AI-assisted financial investigation.