Panamax basis dashboard

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Vs all history (not seasonal)

All history / 1y / 3y: every trading day in that sample, not the same calendar dates. Percentile is where the last print (or the selected-window average) sits in that pile of days. Z is (value − sample mean) ÷ sample stdev of levels, not daily moves. All-history mean mixes old regimes, so 1y and 3y are the more honest centres when the spread has drifted.

Momentum, robust bands, vol, mean reversion

This block ignores seasonality. It asks: vs the last few months, is the market running, stretched, or noisy?

Momentum: how many points the price has moved vs 1, 3 and 6 months ago. Positive = higher than then.
IQR robust bands: the middle 50% of prices over the last year, plus a wide “normal” fence. If price is inside the fence it is not an outlier vs the last year. Robust means a few crazy days do not blow the bands out.
Vol-scaled distance: how far price is from its recent average, measured in typical daily moves. −5 means about five quiet days of selling below that average.
Half-life (days): if the spread is stretched, about how many days until half of that stretch typically fades. Short = snaps back; long = wanders.
Jump risk (σ tail): the rare big day (99th percentile) vs a typical day. ~2.3 would look like a “normal” bell curve; higher means fatter crashes/spikes.
IQR median / band: last year’s middle price, and the wide “still normal vs last year” range.
Jump days / year: how often you get a 3-sigma daily move, scaled to a year.
Excess kurtosis: extra fat tails vs a bell curve (0 = normal). Positive = more extreme days than you’d expect.