Multi-Market Coverage Audit
Generated: 2026-05-16T21:28:40.593Z
TL;DR
- FR: READY (n=25733, span 2249d, 343/mo)
- US: READY (n=6206, span 1836d, 101/mo)
- DE: READY (n=295, span 375d, 24/mo)
- CH: BLOCKED (recent start) (n=226, span 30d, 226/mo)
- UK: BLOCKED (recent start) (n=176, span 5d, 1056/mo)
- CA: SPARSE (n<100) (n=68, span 16d, 128/mo)
Period Overlap Window
Fair comparison window: 2026-05 to 2026-05
- Markets present: 6 (FR, US, DE, CH, UK, CA)
- Total declarations in window: 01430
Per-Market Statistics
| Market | Status | Total | Oldest | Newest | Span | Avg/mo | Issuers | Insiders |
|---|---|---|---|---|---|---|---|---|
| FR | READY | 25733 | 2020-03-17 | 2026-05-14 | 2249d | 343 | 585 | 3411 |
| US | READY | 6206 | 2021-05-05 | 2026-05-15 | 1836d | 101 | 1687 | 4127 |
| DE | READY | 295 | 2025-05-05 | 2026-05-15 | 375d | 24 | 291 | 295 |
| CH | BLOCKED (recent start) | 226 | 2026-04-15 | 2026-05-15 | 30d | 226 | 65 | 82 |
| UK | BLOCKED (recent start) | 176 | 2026-05-12 | 2026-05-16 | 5d | 1056 | 56 | 176 |
| CA | SPARSE (n<100) | 68 | 2026-04-30 | 2026-05-16 | 16d | 128 | 21 | 30 |
Findings
- FR dominance: 25,733 declarations (79% of total). Complete coverage 2020–2026.
- Recent non-FR launches: DE (May 2025), CH (Apr 2026), UK (May 2026), CA (Apr 2026). Limited historical depth.
- Concentration risk: FR top-3 issuers = 2,306 filings (9% of FR total). CH/UK/CA dominated by single issuers.
- Fair backtest window: 2026-05 onwards for combined multi-market. Separate per-market analysis recommended for earlier dates.
Recommendations
- FR: Full 2020–2026 backtest. Robust sample, established patterns.
- US: 2021-05–2026-05 (recent secondary market backfill). Fair comparison with post-2025 FR data only.
- DE: 2025-05–2026-05 (sparse, <1 year). Statistical insufficient. Monitor for stabilization.
- CH: 2026-04–2026-05 (30-day window). Insufficient for backtest. Wait for 12+ months data.
- UK: 2026-05–2026-05 (5-day window). Insufficient. New regime, no historical precedent.
- CA: 2026-04–2026-05 (16-day window). Insufficient. Newly launched.
- Combined strategy: Run 2026-05 data across all 6 markets (1,430 declarations) as proof of concept. Full multi-market backtest only after DE/CH/UK/CA reach ≥12mo maturity.