Learning library
Portfolio Manager five-tier ratings explained
What Buy, Overweight, Hold, Underweight, and Sell mean on TradingAgents Report public pages—and how they differ from the Trader’s intermediate action.
TradingAgents Report editorial team ·
What a Portfolio Manager rating is
A Portfolio Manager five-tier rating is the final research assessment published for one listing on a specific analysis date. On TradingAgents Report public pages, that rating is the product conclusion: Buy, Overweight, Hold, Underweight, or Sell.
It summarizes the multi-agent path—evidence, debate, planning, and risk review—into a compact index. It is a research reference for that date, not a brokerage order, portfolio instruction, or personalized investment advice.
How to read the five tiers
Buy expresses the strongest constructive stance in the five-tier scale for the stated horizon and evidence boundary. Overweight still leans constructive but with less conviction or more constraints than Buy.
Hold is a disciplined middle outcome: keep existing exposure as research context while evidence remains mixed, incomplete, or waiting for confirmation. Underweight leans cautious without requiring an immediate exit narrative. Sell expresses the strongest cautious or exit-leaning research stance in the scale.
These labels are relative research stances inside one report, not guarantees of price direction and not position-sizing rules for every reader.
Do not confuse it with the Trader action
After Bull/Bear debate and the Research Manager plan, the Trader may propose an intermediate Buy, Hold, or Sell action. That proposal is an input to risk review, not the public product rating.
Public report cards and the final decision brief use the Portfolio Manager five-tier rating only. If a page shows Hold while an intermediate Trader note also says Hold, treat them as different steps in the same workflow, not interchangeable labels.
What to check before using a rating
Read the analysis date, instrument identity (company, ticker, exchange), conviction or time horizon if present, invalidation conditions, and the bull/bear or risk notes that accompany the rating.
Compare ratings across dates only after confirming they cover the same listing and that later evidence could not have been available to an earlier date. Verify material facts with primary filings and current market sources before any personal decision.