Learning library
How to read a multi-agent equity research report
A practical order for reading evidence modules, Bull/Bear debate, risk review and the Portfolio Manager five-tier rating.
TradingAgents Report editorial team ·
Start with the date and the instrument
Read the company, ticker, exchange and analysis date before reading the conclusion. A report is evidence bounded to a specific instrument and time, not a timeless statement about a business.
If the identity or date is unclear, treat the rest of the report as incomplete. Do not infer a listing from a provider-specific symbol or assume the latest price was available to a historical analysis.
Read the evidence before the stance
Market, Fundamentals, News and Sentiment modules answer different questions. Look for where their evidence agrees, where it conflicts, and what is missing. A strong headline does not compensate for weak or absent support. Modules that did not run should stay marked unavailable.
The Portfolio Manager five-tier rating (Buy, Overweight, Hold, Underweight, Sell) is a compact synthesis. It is useful as an index of the report, but it should not be the first or only input to a decision. Do not confuse it with the intermediate Trader Buy/Hold/Sell proposal.
Use the debate to find assumptions
Bull and Bear research is most useful when it exposes the assumptions that move the conclusion. Read both sides for the evidence each side relies on and for claims that would change the conclusion if disproved.
A debate is not a vote and it is not a forecast. Its value is to make disagreement visible before the Research Manager plan, Trader proposal, and risk review compress it into a single Portfolio Manager rating.
Keep the boundary visible
The report is research reference material. It does not execute trades, connect to a brokerage, or provide personalized investment advice. Verify important facts with primary filings and market sources appropriate to your own decision process.