Credential · honest fail · 2026-08-08

Microsoft, 12-month momentum

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
0.44Sharpe
0.71OOS Sharpe
7.5%CAGR
+696.4%Net return
57.2%Max drawdown

Microsoft, 12-month momentum (Momentum(252) > 0). Net +696.35% — refused. Sharpe 0.44 against the 1.20 bar, drawdown 57.2%, 81 trades, independence 35%. 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_momentum12m_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 hashf97819d4ba658733
Anchor SHA-256f97819d4ba65873340b34119374437987d703c2658c5fa62442c7aaa6ddb93e8
Timestamp (TSA)Aug 8 16:05:24 2026 GMT
Bitcoin / OTSpending confirmation
Data root13eb22b9d5c8be7cebab7c8db01391eb014d9618b80f0838209898a8543bf046
Registry leaf29b1027591fd0170fb92c528f2e2c0b2d670ce73d7e6e0c3c0a729c5dcf9728e
Leaf index11
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.