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Market relationships

How markets move against each other — measured, with the sample size, the controls each result survived, and the condition that would overturn it. Every number on these pages comes from Apex’s own testing.

Most published market relationships are stated without a sample size and without a way to be wrong. These pages carry both. Several of them conclude that the relationship, while real, cannot be traded — that is the most common honest result, and it is published for the same reason the others are. See also the research register, where twelve of the findings are marked FAILED and shown anyway.

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