# The score against the market.

Every receipt against its own market: Bitcoin for crypto, SPY for stocks. [How to read this](https://tickerz.com/methodology#evidence)

## Result

36 of 134 beat BTC · p < 0.01 · record since Aug 31 2026

After Tickerz opens an event, the median crypto asset lags BTC by about 11.2% over the next 30 days.

## Excess return by horizon

| Horizon | Class | Measured against | Events | Mean excess | Median excess | Beat benchmark | Significance |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 24h | crypto | BTC | 290 | +71,393.99% | +0.03% | 148 of 290 | p = 0.77, not distinguishable from chance |
| 24h | equity | SPY | 45 | -0.42% | +0.44% | 25 of 45 | p = 0.55, not distinguishable from chance |
| 7d | crypto | BTC | 260 | +0.33% | -2.04% | 111 of 260 | p = 0.022 |
| 7d | equity | SPY | 40 | -1.08% | -0.19% | 19 of 40 | p = 0.87, not distinguishable from chance |
| 30d | crypto | BTC | 134 | -5.10% | -11.21% | 36 of 134 | p < 0.01 |
| 30d | equity | SPY | 11 | -0.97% | -3.12% | 5 of 11 | p = 1.00, not distinguishable from chance |
| 7d | crypto, ordinary day | BTC | 12494 | · | -1.26% | 43% | the comparison |
| 7d | equity, ordinary day | SPY | 1324 | · | -0.62% | 44% | the comparison |

Updated 2026-11-12 08:42 UTC [The record](https://tickerz.com/receipts) [Attention fades · 3,213 spikes since 2022](https://tickerz.com/research/attention-fades)