Using AI Alpha Engine
What each page is for, and what the words on it mean
This page explains what each part of AI Alpha Engine is for, how to use it, and what the terminology on the screen means. It describes the product itself — it holds no portfolio, account or report data, and nothing on it is personal to you or to anybody else.
Nothing here is investment advice. The product publishes research and analysis; every decision, and every order, remains yours.
Pages and workflows
Home
The front page. It introduces what AI Alpha Engine is, shows the current model-portfolio picks, and points to where to start.
- Read it without an account — nothing on it requires logging in.
- The Today’s Stock Picks panel links straight through to the model portfolio’s own page.
- The left-hand navigation carries the same links everywhere on the site: your portfolios, then a Learn section with How it works, About, Plans and this help page.
It is a summary page. The figures on it are the same figures the underlying pages carry, not a separate calculation.
Today’s Stock Picks
The published model portfolio: what the engine itself would buy with fresh capital today, republished every market day. It is the product’s worked example — visible with no account and no upload.
- Open it from the Home page panel or from the sidebar.
- It is a portfolio like any other in the interface, so it has the same Cockpit, Report, Drivers, Thesis and News pages.
- The allocation is stated against a notional starting amount, which is shown on the panel rather than assumed.
A model portfolio, not advice and not a live account: no orders are placed, no fees or taxes are modelled, and the list changes every market day.
How it works
The methodology page: what the nightly research run does, what goes into a report, and how the results are produced and updated.
- Read it before the Cockpit — most of the vocabulary used on the portfolio pages is introduced here first.
Plans
The plans page: what access levels exist and what each one includes.
- Compare the columns feature by feature — a feature a plan does not include is marked as not included rather than omitted.
- The current price and billing period are stated on that page. This help page deliberately does not repeat them, so there is only ever one place to read them from.
Account and subscription
Your account page: how you sign in, the portfolios you own, your display name, your subscription, and your data rights.
- Linked login methods shows which sign-in routes are attached to the account — an email code and, if connected, Discord. Either reaches the same account.
- Subscription shows the current plan and links out to the payment provider’s portal, which is where a card is changed or a subscription cancelled. Billing details are held there, not here.
- My Portfolios lists the portfolios you own or have been given access to, and is where portfolio display names are changed.
Changing a plan changes which report level is generated for your portfolios from the next run onward. It does not retroactively rewrite reports already produced.
Creating a portfolio
Registers a portfolio for your account so holdings can be imported into it and analysed.
- Use Create portfolio in the sidebar and pick the platform your holdings come from.
- The portfolio’s name is derived from your account and the chosen platform; you are shown the resulting name before you confirm.
- Creating a portfolio requires an active trial or a paid plan.
A newly created portfolio has no holdings and no report until an import has run.
Getting your holdings into the product
How your positions arrive. There are two ways, and which one you use depends on the platform: you either upload a holdings export yourself, or you connect the platform once and let the product fetch your holdings. The product reads positions either way — it never places an order.
- Avanza — upload an export. Open the portfolio’s Update page and choose the holdings export file from Avanza (“Mitt innehav fördelat per konto”); a second account-level export may be supplied alongside it and is optional. The product does not connect to Avanza: it reads only the file you give it.
- Montrose — connect once, then refresh. Connect Montrose from the portfolio’s Update page, which sends you to Montrose to grant permission and returns you here. After that, Refresh portfolio from Montrose fetches your current holdings directly, with no file to export or upload.
- A connection can be reconnected or removed later from the same page, and a refresh that finds an expired connection asks you to reconnect rather than importing anything.
- Importing an exported Montrose snapshot by hand is still available, as a fallback for recovery when a direct refresh is not working.
- Press Import Portfolio (Avanza) or Refresh portfolio from Montrose. The work runs in the background and the page reports its progress.
Each import is recorded as its own snapshot and earlier snapshots are kept unchanged, so importing again adds a new record of your holdings rather than overwriting the previous one. Nothing is deleted by re-importing. A failed fetch or a rejected connection leaves your existing holdings exactly as they were.
Updating your holdings
Keeping the analysis aligned with what you actually own. An update is simply another import of a fresh export.
- Whenever your holdings have changed, re-upload a current export (Avanza) or press Refresh portfolio from Montrose.
- The Report Status panel on that page compares the time of your latest import against the time of your latest report, so you can see whether the analysis has caught up.
Nothing updates your holdings automatically. If you have traded and not re-imported, every page still describes the holdings from your last import.
When research and reports are generated
Three different things run on three different occasions, and the words on the pages distinguish them.
- Nightly market research runs on a schedule across the whole covered universe. It is not about anyone’s portfolio: it refreshes prices, scores, news, analyst actions and the market-wide view that portfolio analysis is then read against.
- Portfolio-specific analysis produces the report for one portfolio, against that portfolio’s imported holdings and the current market research. It runs on the regular schedule for eligible portfolios.
- A holdings-triggered regeneration is the same portfolio analysis, started because your holdings changed: importing an updated export starts a new report automatically, which is what the Update page means by “If your holdings have changed, a new report starts automatically.”
Report generation is queued rather than instant, and one portfolio runs at a time. Until the new report is published, the pages show the previous one — with the Report Status panel marked Stale if your import is newer than it.
Cockpit
The decision-first summary of a portfolio: what changed, what the latest report concluded, and where fresh capital would go. It is the landing page of a portfolio’s AI section.
- Report Status at the top says whether the analysis is current for your latest import.
- “What changed since last report?” lists the differences against the previous run, so a returning reader can skip what they have already read.
- The Fresh Capital section covers new money: which candidates ranked highest and why.
- Holdings — Deployment Guidance covers money already invested, holding by holding.
- The tabs across the top move between the Cockpit, Report, Drivers, Thesis and News pages of the same portfolio.
It presents the latest published report. It is not recalculated as you read it, and it is not personal advice.
Report
The full written analysis for a portfolio, as generated. The Cockpit is the summary of this.
- Read it top to bottom; the sections follow the analysis rather than the interface.
- How much detail a report carries depends on the access level it was generated under, so the same portfolio can produce a fuller report after an upgrade.
A report is a dated document. It describes the holdings and the market as at the time it ran, and it is replaced rather than amended when the next one is generated.
Drivers
How the portfolio is positioned, expressed as economic drivers and themes: which forces the holdings are exposed to, and how those forces are currently performing against the benchmark.
- Portfolio Driver Exposure gives one card per driver represented in the portfolio, ordered by weight, with the holdings in it.
- Leading Driver Alignment states how much of the portfolio sits in the single current market-leading driver. It is not shown on Today’s Stock Picks, where Portfolio Driver Exposure above already names every driver that portfolio holds.
- Holdings in Lagging or Weak Drivers groups holdings by driver for the drivers currently classified as lagging or weak.
- Market Context is the full driver leaderboard, collapsed by default.
Leadership states are observations about relative performance right now, not buy or sell instructions, and they carry no trend or history layer.
Thesis Validation
Whether recent evidence supports the reason each holding is held. Each holding has a stated investment thesis; this page asks what the last period’s news, analyst actions and price behaviour did to it.
- The summary chips at the top count the holdings in each state.
- Holdings are grouped by that state, and each card shows the holding’s theme, its weight, the direction of the evidence and how confident the assessment is.
- A theme-level roll-up below the holdings shows the same question asked of each theme rather than each holding.
It reports alignment between a thesis and recent evidence. It is not a valuation, not a price target, and a thesis that is intact on a quiet week is not a thesis that was confirmed.
News Impact
The evidence layer: what actually happened to the companies you hold, over the recent window, separated by what kind of evidence it is.
- Fresh Catalysts are classified company events with the articles they came from.
- Analyst Actions are ratings and price-target changes by broker.
- Indirect Signals are items that bear on a holding without being about it directly.
- Company News (7d) is the raw recent news for the holdings.
Coverage is uneven by market. European and Nordic listings in particular have far thinner news and analyst coverage in the data sources, so an empty section means no evidence was collected — never that nothing happened.
Holdings
The read-only view of the positions recorded by your latest import: what was in the file, as imported.
- Reach it from the Portfolio section of a portfolio’s navigation.
- Use it to confirm an import landed the way you expected before reading anything that was derived from it.
It shows imported positions, not a live brokerage balance. It is only as current as your last import.
Performance
Every past import valued as though nothing had been traded since: what each recorded snapshot of your holdings would be worth today if you had simply held it.
- The page is an index of your snapshots, newest first; each row opens that snapshot’s own view.
- Use it to compare what you did hold with what you would have held had you changed nothing.
- A snapshot’s own view adds three cross-snapshot comparisons — Value vs latest, Return gap and Return gap (SEK) — and a collapsed “How calculations work” section explaining them.
A hypothetical hold comparison, computed on demand and stored nowhere. The quantities are the ones recorded in the snapshot and are held fixed; prices and exchange rates move between the snapshot’s date and today, so a currency move is part of the result rather than excluded from it. It is not a record of your account’s performance: later trades, cash flows, dividends and fees are excluded, and each snapshot is measured over its own period, from its own date to today.
Terminology
The words below appear on the pages above and are not self-explanatory.
Relative Momentum Score
The system score shown on a ticker’s page. It is a weighted blend of the ticker’s 1-month return (35%), its relative strength against the benchmark over 1 month (45%), and its 1-week return (20%). The value is the approximate weighted momentum percentage itself.
Not the same as: It is not a percentile rank and not a rating out of 100, so a score of 12 does not mean “12th percentile” — it means roughly 12% of blended momentum.
It is a signal, not a recommendation, and it describes recent price behaviour only — nothing about valuation, quality or prospects enters it. A score marked stale means the ticker was not in the most recent scoring run.
Relative strength vs benchmark (RS vs URTH)
How much a ticker outperformed or underperformed the benchmark over the period, in percentage points. URTH is the iShares MSCI World ETF, used as the benchmark throughout the product.
Not the same as: Return is the ticker’s own move; relative strength is that move measured against the world index. A ticker can have a positive return and negative relative strength in the same week.
1w Return / 1m Return
The ticker’s own price return over the trailing week and trailing month, from daily closing prices. Both are counted in trading sessions — 5 closes and 21 closes — which is why the stock page prints the window beside the figure.
Not the same as: Not the return shown beside the price chart. That figure is measured over the chart’s selected range, which is a calendar window — 1M is the last 31 days of history, not the last 21 closes. The two cover different days, so they normally differ, and neither is a rounding of the other.
Economic driver
The underlying economic force a company’s business depends on — the reason a group of otherwise unrelated companies tends to move together. Each ticker carries one.
Not the same as: A driver is the force; a theme is the story being expressed. Drivers are the coarser layer, and a driver usually contains several themes.
Theme
The specific investment story a ticker belongs to. A ticker has one primary theme and may carry up to two secondary themes.
Not the same as: See Economic driver — the two are separate layers of the same classification, and pages that show both are not showing the same thing twice.
Leadership state
How a driver is currently performing against the benchmark. Leading — strong relative strength. Leading but extended — still leading, but stretched against its own recent trend. In-line / stable — no strong directional signal. Lagging — relative strength is negative. Weak / out of favour — materially underperforming.
A snapshot of the present, with no trend or history behind it, and never an instruction to buy or sell.
Extended
Stretched relative to its own recent trend after a strong run — the price has moved a long way above where it has recently been trading.
Not the same as: Extended is a statement about how far and how fast something has moved, not about whether it is expensive: it is derived from price behaviour, not from valuation.
Report Status: Current or Stale
Whether the latest report was generated from your latest import. Current means the analysis reflects the holdings you last imported. Stale means you have imported holdings since the report was produced, so the report describes an earlier set of positions.
Not the same as: Stale is about holdings having moved on, not about the report being wrong or having failed. The panel states which of the two timestamps it compared.
Snapshot
One completed import: the holdings exactly as they were in the file you uploaded, at the moment you uploaded it. Snapshots are kept permanently and are never edited, so each report can be read against the precise holdings it analysed.
Catalyst
A company event judged material enough to matter to the investment case — results, guidance, a major contract, a regulatory decision — recorded together with the articles it was identified from.
Not the same as: A catalyst is a classified event; Company News is the raw article feed those events are identified from. Most news items never become catalysts.
Fresh Catalysts
The News Impact section holding catalysts about your holdings from the recent window, each shown with its source articles.
Analyst Actions
Ratings changes published by brokers: upgrades, downgrades and changes of rating or price target, with the firm named.
A reiteration — a firm restating the view it already held — is recorded but is not treated as a change, because most published analyst actions are reiterations.
Indirect Signals
Evidence that bears on a holding without being about that company directly — an event at a supplier, a customer, a competitor or across its theme.
Thesis states (Aligned, Divergent, Weaker alignment, Mixed, No material change)
How recent evidence sits against a holding’s stated thesis. Aligned — evidence and price action support it. Divergent — they conflict with it. Weaker alignment — support has weakened. Mixed — evidence points both ways. No material change — nothing in the window moved the case either way.
No material change is the ordinary state of a quiet week. It means the thesis was not tested, not that it was confirmed.
Confidence (High, Medium, Low)
How strongly the underlying evidence supports the assessment beside it — a function of how much evidence there was and how clearly it pointed one way.
Not the same as: Confidence describes the evidence, not the size of the expected move. High confidence in a small effect is a normal reading.
Fresh Capital
New money being put to work, as opposed to money already invested. Fresh Capital sections rank candidates for money coming in; deployment guidance covers positions already held.
Deployment guidance
The holding-by-holding part of the Cockpit: what the analysis says about each position you already own, rather than about new candidates.
It describes the analysis’s reading of each holding. It is not an instruction, and no order is ever placed by this product.
Benchmark (URTH)
The reference index every relative figure is measured against: URTH, the iShares MSCI World ETF. When a page says a ticker or driver is leading or lagging, this is what it is leading or lagging.
Model portfolio
A portfolio the engine runs on its own, with no owner and no brokerage account behind it, published so its output can be seen without an account. Today’s Stock Picks is the model portfolio.
Not the same as: Your own portfolio is built from holdings you import. A model portfolio holds nothing real, so it answers “what would be bought today” rather than “what should I do with what I own”.
Access level (Free, Trial, Paying)
What your account may reach. Free covers the public pages and the model portfolio. A trial temporarily grants the paid features to a new account. Paying grants them for as long as the subscription is active, including creating portfolios, importing holdings and receiving portfolio reports.
Not the same as: Access level is what your account may see. Report level is how much detail a generated report contains, and follows from it — so a report produced under an earlier level keeps the detail it was generated with.
Value vs latest
On a snapshot’s own view: what keeping that snapshot’s holdings would be worth today, minus what your latest recorded portfolio is worth today. It answers “would I have more money now if I had changed nothing?” — a positive figure means the older basket would be ahead in kronor.
Not the same as: This is an amount of money. Return gap is a rate, and the two can disagree in sign about the same snapshot.
Both sides include cash, so it is unavailable when a snapshot recorded positions with no cash figure — the comparison would be against an unknown total.
Return gap
The two returns subtracted: how many percentage points more (or less) the snapshot’s basket returned per krona invested than your current portfolio did. It answers “was that a better basket?” rather than “would I have more money?”
It is normalised by each snapshot’s own starting value, which flatters whichever had already fallen furthest: a snapshot taken after a drop starts from a smaller base, so the same recovery looks larger measured against it. That is why a snapshot can show a worse Return gap and a positive Value vs latest at once, and neither figure settles the question on its own.
Return gap (SEK)
The Return gap expressed in kronor: that percentage-point difference applied to the snapshot’s own starting value.
Not the same as: Still the rate comparison, only shown in money. Value vs latest is the outcome comparison — what the two baskets are actually worth today.
Start value / Value today
On a snapshot’s view: what the recorded holdings were worth at the snapshot’s date, and what the same holdings would be worth now. Both include the cash held at the time, less any loan.
The quantities are frozen at what the snapshot recorded. Only prices and exchange rates differ between the two figures.
Derived cash
A cash balance that was not reported by the platform but worked out at import: the account’s reported total less the value of its positions. It is labelled so you can tell it from a figure that was read directly.
Where no cash figure exists at all the total is genuinely unknown, and the row says so rather than assuming zero.
Watchlist
Tickers the system follows and scores without them being held in any portfolio. They can appear as candidates even though nobody owns them.