PAPER RETURN BOARD
Every STOCK Act disclosure carries a price and a SPY benchmark. The gap between them is excess return — benchmark context after disclosed trades, not a recommendation or proof of motive. Ranked by average excess return across data-linked trades. Minimum 5 qualified trades required.
Congressional Alpha Over Time
Monthly avg excess return vs SPY · all STOCK Act trades with price data
Excess return = stock price change over ~30 days after trade date minus SPY change over the same window. Area shaded gold where Congress outpaced SPY, red where it lagged. Dots colored by monthly result.
Alpha Attribution by Sector
Where does Congress's trading edge (or liability) come from? Avg excess return vs SPY per sector · min 10 trades
Top Paper Returns
Largest Adverse Moves
Excess return = (ticker price change over ~30 days post-transaction) − (SPY change over same window). Only trades with both a resolved ticker price and SPY benchmark are included. 91 members have at least 5 qualified trades. Data updates nightly as new STOCK Act filings are processed.