🧮 Factor Universe Lens

For each of the 8 factors, what fraction of universe-wide last-30-day returns is explained by that factor alone? Factors above the 30% threshold are flagged as CROWDED — bets aligned with them are consensus and may underperform on rotation.

Each tile shows one factor's distribution across the S&P 500. The histogram on the left is the percentile distribution; the top/bottom 5 names are the strongest and weakest on that factor.