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Value investing.
Quantified.
ARVO MARKET TEMPERATURE PROPRIETARY
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Cold · Neutral · Warm · Hot · Peak

The market has a temperature.
Cold markets build fortunes. Hot markets erode them.
Most investors never know which one they're in.
ARVO does. Every trading day.

Universe Scanner
Rank every ticker by discount to intrinsic value
APEX · PRIME · CORE
Three conviction tiers. One decision framework.
Built for long-term investors
Fundamentals, discipline, diversification, and time.
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Scan any ticker · Lite report · AMT score
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ARVO
AMT
Type any ticker → press SCAN
Get an instant value verdict: BUY WATCH SKIP
Discount to intrinsic value · Grade · Full report

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This Feature

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About ARVO

What Is ARVO?

ARVO is a quantitative value-investing scanner built for modern markets. It scans publicly traded companies, evaluates each one through a rigorous multi-factor model, and classifies the stock as a potential buy, watch, or skip.

ARVO does not predict the future. It measures the quality of a business and whether the market may be pricing it below its estimated intrinsic value.

The Philosophy

ARVO applies the core principles of value investing: buy strong businesses at attractive prices, demand a margin of safety, and give the investment time to work.

Its philosophy is influenced by generations of value investors, from Benjamin Graham to Warren Buffett and Charlie Munger, while its analysis is built for modern financial data.

ARVO is designed for long-term investors, not active traders. Use it to discover discounted companies, build a diversified portfolio, monitor whether the underlying investment thesis remains intact, and identify new opportunities as prices and fundamentals change.

The goal is not to trade more often. It is to make better-informed decisions whenever capital is deployed.

No watching charts all day. No chasing short-term momentum. No reacting to every headline. Just fundamentals, discipline, diversification, and time.

How to Use the Scanner

Enter any ticker into the search bar and tap SCAN. ARVO retrieves the company's financial data, runs it through the valuation model, and generates a Lite Report containing its verdict, estimated discount, and overall grade.

Members receive the Full Report, including every metric, score, and data point used to produce the verdict. Scan companies you already own, research new opportunities, save promising names to your Favorites, and return as financial results, valuations, and market conditions change.

The Tiers
APEX

ARVO's highest-conviction tier. APEX companies combine strong fundamentals, a significant estimated discount, a healthy balance sheet, and supportive market signals. These are the companies that most closely satisfy ARVO's full investment criteria.

PRIME

High-quality businesses trading at a moderate estimated discount. PRIME companies have solid fundamentals, but one or two metrics may fall short of the APEX threshold. They may be worth watching closely or holding when already owned, while a new position may require a wider margin of safety.

CORE

Fundamentally sound businesses trading at a more modest estimated discount. CORE companies may not be exceptional in every category, but they can provide diversification within a broader value-oriented portfolio.

Member Features
Browse Universe — Explore the complete ranked universe. Filter by tier or sort by estimated discount, return on invested capital, Piotroski F-Score, or ticker.
Favorites — Save companies and track them across sessions in your personal watchlist. Revisit them as prices, financial results, and ARVO scores change.
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Portfolio Tracker — Log your holdings, track cost basis, and monitor live profit and loss alongside ARVO's current valuations.
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Earnings Calendar — View upcoming earnings dates for every company in your Favorites list. Know when new financial results may affect a company's valuation, score, or investment thesis.
ARVO Market Temperature — A proprietary 0–100 composite signal updated every trading day, giving long-term investors context for when opportunities may be expanding and when caution may be warranted.
ARVO Universum — A curated list of the highest-conviction opportunities surfaced by ARVO's full model run across the broad market. Updated periodically for members.
Weekly APEX Watch — A member-only digest covering the top APEX-tier names, notable score changes, and market context from ARVO. Delivered weekly.

Everything above is included in one membership.

Market Temperature

ARVO MARKET TEMPERATURE PROPRIETARY
PROPRIETARY MARKET-REGIME INDICATOR

A composite measure of market valuation, financial conditions, macroeconomic momentum, risk appetite, and investor positioning.

What It Measures

The ARVO Market Temperature, or AMT, is a daily composite indicator designed to measure the relative attractiveness of the broader equity-market environment. It combines five distinct information sets:

  • Equity valuation and market breadth
  • Credit conditions
  • Risk and volatility
  • Economic growth signals
  • Investor sentiment

Each component is transformed onto a common 0–100 scale, weighted according to its historical relationship with market conditions and forward return distributions, and aggregated into a single reading.

Lower AMT readings generally indicate more favorable prospective conditions for long-term capital deployment. These environments tend to be characterized by lower valuations, wider risk premiums, depressed sentiment, or improving financial conditions.

Higher readings indicate that valuations, positioning, liquidity, and risk appetite are increasingly extended. In these environments, expected returns may be lower, downside sensitivity may be greater, and security selection becomes more important.

The AMT is not a market-timing model and does not forecast a specific price target or market turning point. It is a regime indicator intended to provide context for valuation, portfolio construction, and position sizing.

The Five Components
B — Breadth & Valuation Measures the valuation of the equity market relative to its own history, together with the breadth of participation beneath the index level. Inputs may include traditional price-to-earnings measures, cyclically adjusted earnings multiples, price-to-book relationships, and broad-market participation indicators. The objective is to distinguish between markets supported by widespread fundamental participation and markets whose headline strength is concentrated in a relatively narrow group of securities.
C — Credit Conditions Measures the pricing and availability of credit through corporate bond spreads and related financial-condition indicators. Tight credit spreads generally reflect strong risk appetite and low perceived default risk. Wider spreads indicate increasing risk aversion, deteriorating liquidity, or rising concern about corporate fundamentals. The AMT evaluates both the absolute level of spreads and the direction in which credit conditions are moving.
R — Risk & Volatility Measures implied volatility, realized volatility, and the prevailing equity-market risk regime. Elevated volatility frequently appears during periods of forced selling, uncertainty, and repricing. These conditions can create attractive long-term entry points, although they may also indicate that market stress remains unresolved. Persistently suppressed volatility can reflect stable fundamentals, but at extremes it may also signal complacency, crowded positioning, or underpriced risk.
G — Growth Signals Measures the direction and rate of change of the economic cycle using forward-looking macroeconomic indicators. Inputs may include the shape of the yield curve, industrial activity, business-cycle data, and other measures associated with changes in economic momentum. The purpose of the component is not to forecast gross domestic product precisely. It is to identify whether growth conditions are improving, deteriorating, or approaching a potential inflection point.
S — Sentiment Measures investor expectations, positioning, and risk appetite using survey-based and market-derived indicators. Sentiment is most informative at extremes. Severe pessimism can indicate that substantial risk has already been reflected in prices, while excessive optimism may indicate that expected outcomes have become embedded in valuations. Because sentiment can remain extended for prolonged periods, ARVO treats it as a contextual input rather than a standalone trading signal.
Reading the Score
0 – 25Cold
Market conditions are unusually depressed relative to history. Valuations, sentiment, risk premiums, or financial conditions may reflect significant pessimism. These environments have historically offered more attractive prospective returns for disciplined long-term investors, although near-term volatility may remain elevated. The emphasis is on identifying financially sound businesses whose market prices have become disconnected from normalized fundamentals.
26 – 50Neutral
Market conditions are broadly balanced. Valuations and risk appetite are neither unusually favorable nor materially extended. Broad-market conditions provide limited directional advantage, placing greater importance on company-specific quality, valuation, and margin of safety. Security selection is the primary source of opportunity.
51 – 70Warm
Market conditions are becoming increasingly optimistic. Valuations may be above historical norms, risk premiums may be narrowing, and investor expectations may already reflect favorable outcomes. Opportunities can still exist, but the required standard for business quality, balance-sheet strength, and valuation discipline should increase.
71 – 85Hot
Market conditions are materially extended. Valuations, credit pricing, volatility, and sentiment may indicate reduced compensation for assuming broad-market risk. Forward return distributions have historically become less favorable in comparable environments. Capital deployment should emphasize selectivity, valuation discipline, and position-size control rather than broad exposure.
86 – 100Peak
Multiple components are simultaneously at historically elevated levels. These conditions may reflect extreme valuation, compressed risk premiums, speculative positioning, or unusually strong confidence in continued economic and market outcomes. Comparable historical regimes have occurred near periods such as late 1999, early 2007, and late 2021. These analogs are contextual rather than predictive, and an elevated reading does not imply that a market reversal is imminent. The appropriate response is greater selectivity, lower dependence on broad multiple expansion, and a higher required margin of safety.
How ARVO Uses It

The AMT provides portfolio context. It is not a standalone buy or sell signal. ARVO continues to evaluate individual companies across all market regimes because strong businesses can trade below estimated intrinsic value even when the broader market is expensive.

The AMT helps frame those opportunities by indicating whether the surrounding market environment is likely to provide a tailwind, remain neutral, or create a headwind over a long-term holding period.

A Cold reading combined with a large number of APEX-tier companies may indicate that attractive valuations are widespread and that prospective opportunities are broadening. A Hot reading combined with only a small number of APEX-tier companies communicates a different signal: discounts are scarce, expectations are elevated, and capital should be deployed more selectively.

The AMT does not replace fundamental analysis. It provides the regime context in which that analysis is interpreted.

Portfolio

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