Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.83, read 2026-10-24
Ethical does not pass the values gate
Price93.89 USD
Fair value94.97
Ethical score30.0/100
Our investment reviews on this name
2026-10-26Read Markdown92.81+1.2% to today Accumulation gives way to Markdown first Markdown read since October
2026-10-11Read Accumulation93.32+0.6% to today ✓Markdown gives way to Accumulation
2026-09-19Read Markdown93.58+0.3% to today Markup gives way to Markdown after a 19% rise in 11 weeks
2026-07-02Read Markup78.54+19.5% to today ✓First review on file: Markup
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Acadian Asset Management Inc. holds its Markdown at $93.89. Elevated stress, defensive posture warranted, held for 69 days.
As held on the ledger · 2026-10-27
Phase
Markdown · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 69 days
Price at the screen
$93.89
Valuation
33.29 trailing · 14.83 forward price to earnings
Values screen
FAIL· score 30.0
Beta
1.32
The Workings
Five Screens, Shown in Full
Does not pass. Prohibited keyword in sector/industry: financial services
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Prohibited keyword in sector/industry: financial services
Fail
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
Excluded
Below 5%
of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Acadian Asset Management does not clear the screen at the business-activity stage. It operates in conventional financial services, which the screen treats as interest-based, so the financial ratios are not the deciding factor here.
Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when AAMI's ethical verdict changes
Today AAMI does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Fair value range in USD, drawn from the 2026-10-27 screen. The gold marker is the market price at the same screen. A 1.2% margin of safety to the base estimate.
Third-party analyst targets: 3 covering, consensus Hold. The average target sits +1% from the screen price.
Reading the gap · Our model and the Street both land near the screened price: fairly valued, with no strong edge either way.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-27 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Asset managers hit an ethical wall here
Every month, pay cheques and retirement contributions get funnelled through asset managers that sit at the centre of the financial system. Acadian Asset Management shows strong surface numbers, with revenue up 39 percent, a 14 percent profit margin and a striking 112 percent ROE, yet the business lands on the wrong side of our ethical screen because it operates in financial services.
We pass for that reason alone. The shares trade at a forward multiple of 13.1 times with a 2 percent margin of safety to our fair value, while three analysts carry a hold rating and an $78 median target. High returns on equity look attractive until you weigh the sector restriction that blocks any further consideration.
The real exposure sits in fee pressure and market swings that can shrink assets under management quickly. A low multiple on peak earnings has trapped investors in this industry before. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
AAMI trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-28Markdown$93.89+1.2%Entry 17
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 1.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 36% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-27Markdown$92.81+0.0%Entry 16
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 36% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-26Markdown · changed$92.81+0.0%Entry 15
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 36% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Accumulation$92.81+0.0%Entry 14
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-24Accumulation$92.81+0.0%Entry 13
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-23Accumulation$92.81+0.0%Entry 12
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-22Accumulation$92.81+0.0%Entry 11
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-18Accumulation$92.81-0.5%Entry 10
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 38% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 38% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65.
2026-10-02Markdown$93.32-0.3%Entry 8
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 38% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 143%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (3 analysts) rates it hold, with a mean price target of $65.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
