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  [
   "2020-01-02",
   324.87
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  [
   "2020-01-03",
   322.41
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  [
   "2020-01-06",
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   "2020-01-07",
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  [
   "2020-01-08",
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   "2020-01-09",
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   "2020-01-10",
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  [
   "2020-01-13",
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  [
   "2020-01-14",
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   "2020-01-15",
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   "2020-01-16",
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   "2020-01-17",
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   "2020-01-21",
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   "2020-01-23",
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   "2020-01-24",
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   "2020-01-27",
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   "2020-01-28",
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   "2020-01-30",
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   "2020-01-31",
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   "2020-02-04",
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   "2020-02-05",
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  [
   "2020-02-06",
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   "2020-02-07",
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   "2020-02-10",
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   "2020-02-11",
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   "2020-02-12",
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   "2020-02-14",
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   "2020-02-19",
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   "2020-02-20",
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   "2020-03-02",
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   "2020-03-04",
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   "2020-03-06",
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      "n": 22,
      "median_net_income_cagr": -3.2187869742875463,
      "median_market_cap_cagr": 10.761655302210027
     },
     {
      "label": "Middle",
      "n": 22,
      "median_net_income_cagr": 12.786845997811024,
      "median_market_cap_cagr": 15.39080449840129
     },
     {
      "label": "High",
      "n": 23,
      "median_net_income_cagr": 29.20688495299406,
      "median_market_cap_cagr": 29.22541111348389
     }
    ]
   },
   "current_quality": {
    "issuers": 91,
    "profitable": 82,
    "cashflow_covered": 87,
    "fcf_positive": 81,
    "buyback_covered": 59,
    "repurchasing": 57,
    "buybacks": 337166041000,
    "buyback_yield": 1.0950360763107776
   },
   "market_bridge": {
    "n": 82,
    "market_cap_x": 2.25401124251652,
    "revenue_x": 1.38188909216672,
    "margin_x": 1.8035566217127323,
    "multiple_x": 0.9043844943979462,
    "revenue_cagr": 11.766708097637846,
    "five_year_n": 72,
    "five_year_revenue_cagr": 10.443121654622335
   },
   "qqq_three_year_x": 2.0139924591537492
  }
 },
 "method": {
  "timing": "Each quarter enters on first_filed \u2014 when the market first saw it. Values are latest-vintage (restated) placed at their original reporting date.",
  "shares": "Cover-page count (dei:EntityCommonStockSharesOutstanding) where tagged, falling back to weighted-average diluted for multi-class issuers.",
  "earnings": "Trailing four quarters of net income, summed across the basket. Loss-makers subtract, as they do in an index-level multiple.",
  "survivorship": "The basket is today's largest US companies, so earlier readings omit both the failures of that era and the high-multiple companies that listed later. Both omissions bias the historical multiple down and overstate the re-rating. The fixed cohort isolates that effect."
 }
}
