Credential · honest fail · 2026-08-08

Microsoft, buy-and-hold

FAIL — published anyway

A track record judged by the MIZAN gate inside a zero-knowledge proof: returns after costs, the out-of-sample split and the overfitting corrections recomputed in-circuit, the strategy never revealed. Anyone can verify this credential offline. Every verdict on the registry is published, including this one.

Disclosed metrics
0.56Sharpe
0.78OOS Sharpe
13.6%CAGR
+3,717.0%Net return
70.0%Max drawdown

Microsoft, buy-and-hold (Momentum(1), threshold −100000 bps: always long). Net +3,717.04% — refused. Sharpe 0.56 against the 1.20 bar, drawdown 70.0%, 1 trades, independence 0%. The dataset is a licensed commercial feed and is not redistributed; the canonical Merkle root is published above so any holder of the same data re-derives it and verifies offline.

Verify it yourself

Download the bundle, run the verifier with the network off. The verdict recomputes on your machine in about 81 ms.

./mizan-verifier-v11-macos-arm64 legend_msft_buyhold_20260808.bundle msft.csv
The record
DatasetUS:MSFT · daily OHLC · licensed commercial library feed, split+div adjusted (7,184 bars)
Minted (UTC)2026-08-08T00:00:00Z
VerdictFAIL — published anyway
Kindhonest_fail
Engine erav11 · both-schools validation-complete
Engine statuslive
Credential hash57643ccfc97fd478
Anchor SHA-25657643ccfc97fd4782d8b3de595be69c0848f1cb6350eb1a78fd503765ba03ab4
Timestamp (TSA)Aug 8 16:05:15 2026 GMT
Bitcoin / OTSpending confirmation
Data root13eb22b9d5c8be7cebab7c8db01391eb014d9618b80f0838209898a8543bf046
Registry leaf906ca0380f3a713d39892de9cc3a607297440123e507a4c400b5cc9580e15220
Leaf index43
Registry rootf878bf4d24bda7d7e90d09c9345418b9c77ec4ac866df57ac76eff8ee44c5f26
Proof size220 KB
IssuerMIZAN

What a verdict means: what a PASS asserts · what we refuse to certify · reading a verdict · the VTR-1 standard.