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README.md
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## Limitations and known gaps
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1. **
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other 9 topics). Treat with skepticism.
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2. **Tone has rank-order signal but absolute levels drift.** Quants should normalize
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cross-sectionally rather than thresholding raw values.
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non-US training countries: GB, DE, FR, JP, SE, CH, CN.
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conglomerates with 8h+ analyst days) lose middle content via head+tail truncation.
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the consumer's responsibility.
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## Limitations and known gaps
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1. **Tone has rank-order signal but absolute levels drift.** Quants should normalize
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cross-sectionally rather than thresholding raw values.
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2. **English transcripts only.** Non-English calls (translated) work but degrade. Top
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non-US training countries: GB, DE, FR, JP, SE, CH, CN.
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3. **Truncates at 16,384 tokens.** Covers ~p99 of calls; the very longest (Asian
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conglomerates with 8h+ analyst days) lose middle content via head+tail truncation.
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4. **Pure NLP scorer — not an alpha model.** Outputs are *features*; the trading rule is
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the consumer's responsibility.
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