What it means
Every percentage THE ENTITY quotes from its record - a price range, a conviction trajectory, a “+X% since” - is computed between two actually-stored data points and labelled with both dates. When the record does not contain a starting point for the window claimed (a young record, a name added recently, a lane that had an outage), there is no honest baseline - and the rule is that the surface sits out: it shows nothing, or a shorter measured span with its true dates, rather than backfilling or extrapolating a number the mechanism cannot back. This is why some ranges read “measured over 5 days” instead of “1M”, and why young figures carry small denominators.
Why it matters to investors
The quiet lie in most performance claims is the baseline - a convenient start date makes any line look good. A system that would rather show a gap than an unbacked number is telling you its other numbers mean what they say.
Related terms
See Honest baseline in the live AI chain.
THE ENTITY maps every constraint onto one live model - which part is tight now, who owns it, and who gets squeezed when it moves. Plain-English reads you can check.
THE ENTITY is an educational read on the AI supply chain - research, not investment advice. It explains how the chain works and who sits where, never price targets or buy/sell calls.