The Capitora vocabulary for capital-flow intelligence.
Capitora uses a small, deliberate set of branded terms to describe distinct, measurable phenomena. Each term is defined in primary-source data, scoped narrowly, and used consistently across dashboards, briefs, alerts, and exports. The lexicon is published in full so every reader can audit our language.
Why Capitora maintains a fixed vocabulary.
Institutional research collapses without consistent language. The Capitora lexicon exists so that a Signal Density of 78 in a state brief means the same thing as a Signal Density of 78 in a Hidden Winners dossier or a PDF export.
The terms below are not marketing. They are the units in which Capitora measures capital flow, scores evidence, and classifies severity. Every term resolves to a documented calculation in the methodology and a documented source in the data catalogue.
Branded terms are marked with ™ on first prominent use in a surface (dashboard card, brief masthead, export cover). Subsequent uses in the same surface drop the glyph for readability.
Glossary of Capitora terms.
Every branded term, with its institutional definition, scope, and the surfaces where it appears.
| Term | Code | Definition | Where it appears |
|---|---|---|---|
| Capital Velocity™ | CV | Rate at which committed federal and corporate capital is moving through obligation, qualification, and deployment. | Dashboard · Intel Feed · Briefs · Methodology |
| GeoMomentum™ | GM | State-level acceleration in federal obligations, permitting throughput, and qualified contractor activity. | Dashboard · Briefs · Methodology |
| Infrastructure Pulse™ | IP | Measured velocity of physical buildout — power, grid, semiconductor fab, and data-center energization. | Dashboard · Briefs · Methodology · Exports |
| Signal Density™ | SD | Count, recency, and independence of primary-source evidence supporting a single signal or thesis. | Intel Feed · Hidden Winners · Briefs · Methodology |
| Institutional Flow Drift™ | IFD | Quarter-over-quarter change in institutional positioning relative to peer baskets. | Hidden Winners · Briefs · Methodology |
| Federal Momentum Index™ | FMI | Composite read of obligation cadence, award velocity, and policy signal across federal agencies. | Dashboard · Intel Feed · Briefs · Exports · Methodology |
| Opportunity Density™ | OD | Concentration of independent, corroborating signals within a geography, sector, or corridor. | Dashboard · Briefs · Methodology |
| Capital Rotation Index™ | CRI | Directional read of capital migrating between sectors and state corridors. | Dashboard · Briefs · Exports · Methodology |
| Infrastructure Exposure™ | IE | Degree to which a public company's revenue is tied to federally- or utility-driven infrastructure buildout. | Hidden Winners · Briefs · Methodology · Exports |
| Hidden Winners™ | HW | Lesser-covered public companies, suppliers, and Tier-2 contractors materially exposed to active capital flows. | Hidden Winners · Briefs · Methodology |
| Evidence Density™ | ED | Auditable measure of how many independent primary sources corroborate a signal. | Intel Feed · Briefs · Methodology |
| Coverage Asymmetry™ | CA | Gap between observable backlog / qualification signal and visible sell-side coverage. | Hidden Winners · Briefs |
Capital Velocity™
CVRate at which committed federal and corporate capital is moving through obligation, qualification, and deployment.
Composite of obligation cadence (USAspending), corporate capex commitment (8-K / FERC / IRP), and qualification velocity (state permits). Reported as an index, not a price expectation.
GeoMomentum™
GMState-level acceleration in federal obligations, permitting throughput, and qualified contractor activity.
0–100 index. ≥ 75 = accelerating corridor; 40–74 = active; < 40 = monitoring. Recomputed daily from primary-source feeds.
Infrastructure Pulse™
IPMeasured velocity of physical buildout — power, grid, semiconductor fab, and data-center energization.
Tracks permit-to-energization lag, EPC vendor qualification, and utility IRP commitments. Used to estimate when capex translates to recognized revenue.
Signal Density™
SDCount, recency, and independence of primary-source evidence supporting a single signal or thesis.
0–100 score. Distinct from price conviction — measures evidence breadth, not directionality.
Institutional Flow Drift™
IFDQuarter-over-quarter change in institutional positioning relative to peer baskets.
Derived from 13F deltas, Form 4 insider activity, and ETF flow data. Reported as confirmatory evidence, not a leading indicator.
Federal Momentum Index™
FMIComposite read of obligation cadence, award velocity, and policy signal across federal agencies.
Weights obligations (50%), awards (30%), and policy / RFP issuance (20%). Refreshed daily.
Opportunity Density™
ODConcentration of independent, corroborating signals within a geography, sector, or corridor.
High Opportunity Density indicates multiple unrelated flows converging on the same theme — the structural condition under which Hidden Winners are surfaced.
Capital Rotation Index™
CRIDirectional read of capital migrating between sectors and state corridors.
Composite of GeoMomentum, Federal Momentum, and Institutional Flow Drift. Positive values denote net inbound capital; negative values denote net outbound.
Infrastructure Exposure™
IEDegree to which a public company's revenue is tied to federally- or utility-driven infrastructure buildout.
Computed from qualification filings, EPC vendor lists, supplier disclosures, and permit graph adjacency.
Hidden Winners™
HWLesser-covered public companies, suppliers, and Tier-2 contractors materially exposed to active capital flows.
Surfaced via cross-flow correlation, supplier-graph adjacency, and institutional-drift confirmation. Not a buy list.
Evidence Density™
EDAuditable measure of how many independent primary sources corroborate a signal.
Capitora's confidence scoring. 0–100. Distinct from Signal Density only in scope — Evidence Density is per-signal, Signal Density rolls up to a thesis.
Coverage Asymmetry™
CAGap between observable backlog / qualification signal and visible sell-side coverage.
Higher values indicate stronger informational asymmetry — material signal that has not yet been priced or covered.
How Capitora uses these terms.
The lexicon is governed. Terms are added through methodology review and retired through public changelog.
- Branded terms describe measurements, never recommendations.
- No term implies a price target, a return forecast, or an execution signal.
- Synonyms used historically (e.g. "signal intensity", "state heat") are mapped to a canonical Capitora term in this glossary.
- Definitions are versioned alongside the methodology. Material changes appear in the methodology changelog.