Training Example: Altimetry – Review the Data, Give Your Score & Compare to the Real AI Evaluation

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[H2] We see what Wall Street doesn’t
Altimetry is a world-renowned financial research and publishing firm. We use our patented approach to identify accounting inconsistencies in thousands of public companies, helping everyday people gain a huge advantage in the market.

[H2] "Give my regrets to Wall Street"

Moments like this are exactly why our founder, Joel Litman, built the Altimeter – his proprietary stock-picking system.
Joel has spent over 30 years in finance both on and off Wall Street, working at firms like Deloitte, Credit Suisse First Boston, and PriceWaterhouseCoopers.
He saw firsthand how Wall Street “experts” hoard their favorite moneymaking opportunities, making them seem too complex, expensive, and technical for regular people to understand… let alone profit from.
So he left it all behind and created the Altimeter… to give regular, everyday folks the edge Wall Street will never offer.
Instead of using traditional Wall Street analysis, Joel and his team start by deconstructing the data. They reassemble it using their own Uniform Adjusted Financial Reporting Standards (“UAFRS”) – or Uniform Accounting, for short. This process shows them the true picture of a company’s potential.
Then, they combine Uniform Accounting with deep forensic analysis to find mispriced companies poised for massive growth.
In the aftermath of the Great Recession, Joel used this method to recommend retailer Liz Claiborne for his institutional clients… before it shot up 878%.
He did the same with footwear company Skechers (SKX) before it soared 1,566%.
And in the early months of the pandemic, Joel recommended a little-known real estate stock called eXp World Holdings (EXPI)… right before it skyrocketed more than 800%.
Watch the video below to learn more about Joel Litman and his unconventional research methods.

[H2] A "Stock Truth Detector" for the average Joe
Bottom line: By uncovering a company's true numbers through Uniform Accounting, you can pick up on some of the biggest stock moves... well before the story appears in the press. The Altimeter runs this EXACT kind of analysis so you can easily see whether any company is in a good position – or if you should stay away.

Step 1: Type the stock into the Altimeter Pro…
and instantly see detailed data for any one of the more than 4,500 companies we cover. With the Altimeter, you can…
Set special alerts on any stock you want – and be notified any time there’s a major move in the financials
Evaluate any stock with a simple grade from A to F
Upload your entire portfolio into the system
Create lists of all your favorite stocks

Step 2:See where Wall Street gets it wrong
The Altimeter gives you a clear picture of a company’s return on assets – or its “earning power.” It’s a measure of how effectively the company generates cash.
This tell-tale indicator shows you the company’s TRUE earning numbers (blue bar) compared with the publicly reported numbers from Wall Street (orange bar), by year, side by side… so you can get the REAL financial picture other investors aren’t seeing.

Step 3:Know which stocks to own or avoid immediately
The Altimeter assigns a simple letter grade – from A to F – to each of the stocks it analyzes.
This grade measures performance, valuation, risk levels and all the other metrics an investor should analyze before buying or selling a stock. You’re left with an instant snapshot of a company’s financials… whether they’re good, mediocre, or completely out of touch with reality.

[H2] Meet the visionaries powering this innovation
Altimetry was born from Wall Street's repeated rejection of transparent financial reporting. Co-founders Joel Litman and Rob Spivey are committed to providing subscribers with a best-in-class financial education through their Uniform Accounting research and easy-to-use tools. They strive to empower subscribers to navigate any market – be it bull, bear, or sideways – with confidence.

Joel Litman, CPA

Professor Joel Litman is a forensic accountant and chief investment strategist of Altimetry and his institutional arm, Valens Research.
Joel’s uncanny ability to read the market – he famously predicted both the 2008 and 2020 crashes months in advance – has earned him attention from the highest levels of government, business, and academia. He’s lectured at Harvard Business School, Wharton, and at CFA societies around the world. He’s also a regular consultant for the FBI and the Pentagon.
Joel’s institutional business counts all of the 10 biggest money managers in the world as clients, along with hundreds of elite funds and asset managers – professionals who pay as much as $100,000 a month for his insights.

Get to know Joel Litman

Rob Spivey, CFA

Rob Spivey is the director of research at Altimetry and Valens Research. He leads a team using our proprietary Uniform Accounting framework to deliver equity, credit, and macro research… often leading to market-beating returns you won’t find anywhere else.
Rob’s rich background spans his time as a hedge-fund analyst to advising some of the largest investment managers in the world. He has appeared on CNBC, and been quoted in Barron’s, Bloomberg, U.S. News & World Report, and Forbes. He has presented at Northeastern University, DePaul University, and HULT International Business School, and been a judge at the CFA Institute Research Challenge.
Rob and his team have rolled up their sleeves to identify bond ideas, analyze bond holdings, and design special portfolios for a number of hedge-fund clients. In 2015, he tapped into a lucrative bond opportunity in the oil sector. The result? An impressive 87% win rate with gains as high as 114% in two months – despite the oil market plummeting more than 50%.

Get to know Rob Spivey

[H2] Professional-grade research, built for individuals
The FBI, the Pentagon, and more than half of the 300 biggest money managers in the world follow Rob and Joel's research… and their corporate clients pay as much as $100,000 per month for their coverage of 6,566 companies and ETFs. With Altimetry, they're putting their research directly in the hands of individuals. They have over 170,000 readers to date. And the results these folks are reporting are incredible...

Companies and ETFs covered
6,566

Largest Gain on a Closed Position
293%

Total Readers
176k+

Significant gains in my portfolio

Some of the stock ideas that [Joel Litman and his team] have recommended are really incredible with huge upside, and long before the rest of the Street sees it. [This] research has brought me significant gains in my portfolio.

Matt Rakowski
former Goldman Sachs Vice President

The investment results described in these testimonials are not typical; investing in securities carries a high degree of risk; you may lose some or all of the investment.

I can’t imagine investing without that advice

My personal and family retirement portfolios are up more than 50% as a direct result of Joel Litman’s analysis and investment strategies. I can’t imagine investing without that advice.

Tom Gerencer
award-winning journalist

You won't see anything like this

Professor Litman has built the world’s best database for investors. Unless you’re planning on running billions of dollars and can hire the best talent and build it yourself, you won’t see anything like this. The data is unbelievable!

John Sviokla
author and former Harvard Business School professor

The investment results described in these testimonials are not typical; investing in securities carries a high degree of risk; you may lose some or all of the investment.

My priority reads each morning

Thank you for the daily reviews and updates. They are one of my priority reads each morning. The Hidden Alpha reports also illuminate values that I would never find on my own.

Jim M.
Subscriber

Stone-cold moneymaker

I made an incredible 735% in just over six months. I closed out three different trades on EXPI with gains of 735%, 363% and 111%. Joel is a stone-cold moneymaker!

Paul M.

It's like having X-ray vision

I need to tell you how thrilled I am with your new grading system in [The] Altimeter. It has completely changed my trading performance… It’s like having X-ray vision! I feel it’s possible to improve even more as I hone my strategy. Keep up the good work!

Steve P.

[H2] What Wall Street can't… and won't tell you
Every weekday, Joel and Rob publish their forensic accounting and financial research insights in Altimetry Daily Authority. Here, you'll get world-class analysis and market commentary you simply cannot find anywhere else. Browse the latest articles below to learn something new.

[H4] Latest Articles

The Chip King's Next Move

By Joel Litman
Thursday, June 18, 2026

Nvidia is cashing in on the next great AI bottleneck…
Read the article

By Joel Litman
Thursday, June 18, 2026

Solar's Newest Customer Is Right On Time

By Rob Spivey
|
Wednesday, June 17, 2026

The Fed Is Beginning a Delicate Exit

By Joel Litman
|
Tuesday, June 16, 2026

One Winner as the Grid Threatens to Fracture

By Joel Litman
|
Monday, June 15, 2026

Growth Mode Is Back

By Rob Spivey
|
Friday, June 12, 2026

[H1] Privacy Policy

[H2]

The following is the Privacy Policy for VRSH, LLC (“Altimetry,” “we,” “our,” and/or “us”) which is located at https://altimetry.com. Altimetry is a MarketWise company.
Contact Us:
If you have questions, comments, or concerns about this Privacy Policy or Altimetry’s practices, please contact us at: (800) 701-9346, [email protected], or by mail at the following address below.
Altimetry
110 Cambridge St.
Cambridge, MA 02141
[H5] Updated: August 28, 2024
This Privacy Policy applies to information we collect from all sources in connection with the provision of our Services, including in connection with our website and affiliated websites (collectively, the "Sites"), any mobile or other website operated by us, the software applications made available by us for use on or through computers and mobile devices (the "Apps"), and our publications, newsletters, memberships, portfolio solutions, webinars, conference calls, e-letters, blogs, books, electronic communications, widgets, conferences and events (collectively with Sites and Apps, the "Services"). This Privacy Policy does not apply to information collected for our own employment and human resources purposes. By providing personal information to us or by using our Services, you agree to this Privacy Policy. Please read the Privacy Policy carefully before using or submitting information via our Services.
I. Information Collection
When you use our Services, we collect personal information that you voluntarily provide to us, including your name, postal address (including billing and shipping address, telephone number, email address, and any other information that you choose to provide to us). Examples of when we collect this information, include, but are not limited to, when you join our email list, sign up for text alerts, create an account, sign up for webinars, contact us, or interact with us for any other purpose. We may also collect your mailing and billing information when you place an order with us.
We may also collect technical information relating to your interactions with us and our Services, such as IP address, cookie identifiers, mobile device identifiers, browser and device type, time and date of visit, and pages visited and other activities on the Services. We may use cookies or similar technologies to collect such information for advertising and other purposes. Please see Section IV. Digital Advertising & Analytics of this Privacy Policy to learn more about the use of this information and the choices available to you.
When you use the Apps that we offer, we may request permission to access certain functions such as your camera, photos, location, and geolocation information. We may use this information to provide our products and services to you. If you do not want us to access this information, please use the settings available on your mobile device to deny these permissions. Please note that if you prevent us from accessing these functions, certain features of the App may not work.
II. Information Use
We may use the information we collect for any lawful purpose, including the following:
To maintain, operate, customize, and improve our Services, including for analytics purposes;
To provide and improve our Services, including Services we may develop in the future;
To respond to your inquiries or contact you as you request;
To send updates, promotions, and marketing materials that may be of interest to you;
To comply with the law and maintain the security of our Services; and/or
For any other purpose for which you have given your consent, or for any other purpose disclosed at the time of collection.
III. Information Sharing
We may share the information we collect with other parties, including the following:
With third-party vendors that perform services on our behalf, such as hosting providers, e-mail service providers, and payment processors;
With any affiliates or joint venture parties we may have business relationships with currently or in the future;
As part of a corporate sale, merger, or acquisition, or other transfer of all or part of our assets, including as part of a bankruptcy proceeding;
Pursuant to a subpoena, court order, governmental inquiry, or other legal process or as otherwise required by law, or to protect our rights or the rights of third parties; or
With your consent or as otherwise disclosed at the time of data collection or sharing.
We may share information that has been de-identified (“anonymized”), without limitation.
IV. Digital Advertising & Analytics
We may partner with ad networks and other ad serving providers (“Advertising Providers”) who serve ads on behalf of us and others on non-affiliated sites. Some of those ads may be personalized, meaning they are intended to be relevant to you based on information Advertising Providers collect about your visits to our Services and other non-affiliated sites or applications over time, including information about the possible relationships among different browsers and devices. This type of advertising is known as interest-based advertising.
MarketWise companies adhere to the Digital Advertising Alliance (“DAA”) Self-Regulatory Principles in connection with this interest-based advertising activity and to the European Digital Advertising Alliance (“EDAA”) Principles in the European Union (“EU”) in connection with this interest-based advertising activity. You may visit www.aboutads.info/choices or http://youronlinechoices.eu (if you are located in the EU) to learn more about this type of advertising and how to opt-out of this advertising on your browser by companies participating in this industry choice tool. If you wish to opt-out of interest-based advertising in mobile apps on your device by companies that participate in the Digital Advertising Alliance’s (“DAA”) AppChoices app, you may download the app onto your device and exercise your choice.
AppChoices is available at the links below:
DAA AppChoices iOSDAA AppChoices Android
Note that electing to opt-out will not stop advertising from appearing in your browser or applications. It may make the ads you see less relevant to your interests. If you use a different browser or device, you should renew your opt-out choice on each browser or device. You may also be able to use browser settings to block cookies by activating a setting on your browser that allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block some or all cookies, our Services may not function as intended. We may also work with other third parties that collect data about your use of the Services over time for non-advertising purposes. We use Google Analytics and other third-party services to improve the performance of our Services and for analytics and marketing purposes. For more information about how Google Analytics collects and uses data when you use our Services visit https://www.google.com/policies/privacy/partners.To opt-out of Google Analytics visit https://tools.google.com/dlpage/gaoptout/. Additionally, your browser may offer tools to limit the use of cookies or to delete cookies; however, if you use these tools, our Sites may not function as intended. V. Third-Party Links and Tools
We may provide links on our Services to websites or applications maintained by third parties, including links to social media sites. These websites and applications are independent from MarketWise companies and have their own privacy policies. MarketWise companies do not control the privacy practices of those websites or applications, and they are not covered by this Privacy Policy. You should review the privacy policies of other websites or applications that you use to learn about their data practices.
Our Services may also include integrated social media tools or “plug-ins,” such as social networking tools offered by third parties. If you use these tools to share personal information or you otherwise interact with these features on our Services, those third parties may collect information about you and may use and share such information in accordance with your account settings, including by sharing such information with the general public. Your interactions with these third parties and the use of their features are governed by their privacy notices. We encourage you to carefully read the privacy notices of any accounts you create and use.
VI. Cookies
Some of our Services use cookies and similar technologies. A cookie is a small file of letters and numbers that we store on your browser or the hard drive of your computer if you agree. You can find more information about the individual cookies and similar technologies used in our Services and for the purposes for which they are used on our Cookie Policy.
VII. Your Choices
If you decide that you no longer wish to receive marketing emails from us, you can unsubscribe from our email distribution list by clicking the “unsubscribe” link located at the bottom of each promotional email or by using the contact information listed below. Please allow us up to 10 days to complete your unsubscribe request. After you opt-out, we may continue to send you emails related to our relationship or transactions with you, such as responding to your questions. With your consent, we may send marketing-related and/or transactional SMS text messages to your mobile device. You can opt-out of these messages at any time by replying with the word “STOP” to each SMS shortcode to which you are subscribed. To the extent you receive notifications from any of our Services, you may opt-out of receiving push notifications on your mobile device through your device and account settings. Personal information collected through the short code program won’t be sold or rented to, or shared with third parties for their own marketing purposes.For choices with respect to third-party interest-based advertising activities, please see Section IV. Digital Advertising & Analytics above. VIII. US Privacy Rights
This section contains disclosures required under certain US state laws. The rights described below apply to residents of states with comprehensive data privacy laws, such as California, Colorado, Connecticut, Montana, Oregon, Utah, Texas, and Virginia, regardless of the applicability of particular state laws to us and notwithstanding the fact that certain state laws may, in fact, not be applicable. We reserve the right to discontinue this policy at any time at our sole discretion, and to limit the rights described in this section to only residents of states with applicable data privacy laws.
A. Personal Information We Collect or Maintain. In the preceding 12 months, we collected or maintained the following categories of personal information about US consumers.
Categories of Personal Information
Disclosed  to the following categories of third parties:
Shared for cross-context behavior advertising/targeted advertising or sold to the following categories of third parties:
Personal and online identifiers (such as first and last name, email address, or unique online identifiers)
Vendors;
Related affiliates;
Advertising networks;
Data analytics providers;
Operating systems and platforms;
Financial services companies;
Marketing data companies; and
Social networks
Related affiliates;
Advertising networks;
Marketing data companies;
Data analytics providers;
Operating systems and platforms;
Financial services companies; and
Social networks.
Categories of information described in Section 1798.80(e) of the California Civil Code (such as physical characteristics or description, insurance policy number, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information)
Vendors;
Related affiliates;
Financial services companies; and
Marketing data companies.
Financial services companies.
Commercial or transactions information (such as records of personal property or products or services purchased, obtained or considered)
Vendors;
Related affiliates;
Operating systems and platforms; and
Financial services companies.
Operating systems and platforms;
Financial services companies;
Related affiliates.
Internet or other electronic network activity information (such as browsing history, search history, interactions with a website, email, application, or advertisement)
Vendors;
Related affiliates;
Advertising networks;
Data analytics providers;
Operating systems and platforms;
Financial services companies;
Marketing data companies; and
Social networks.
Related affiliates;
Advertising networks;
Marketing data companies;
Data analytics providers;
Operating systems and platforms;
Financial services companies; and
Social networks.
Geolocation information
Advertising networks;
Data analytics providers;
Operating systems and platforms; and
Marketing data companies.
Advertising networks;
Data analytics providers;
Operating systems and platforms; and
Financial services companies.
Inferences drawn from the above information about your predicted characteristics and preferences
Vendors;
Related affiliates;
Data analytics providers; and
Operating systems and platforms.
Advertising networks;
Data analytics providers; and
Operating systems and platforms;
(I) Categories of Sources. We may collect personal information from the following categories of sources:
Consumers
Data analytics providers
Third-party data providers
Operating systems and platforms, and
Related affiliates
(ii) Why We Collect, Use, and Share Personal Information. We may use and disclose the personal information we collect for our commercial and business purposes, as further described in this Privacy Policy.  These commercial and business purposes include, without limitation:
Our commercial purposes, including marketing, advertising, and enabling commercial transactions.
Our business purposes include, but are not limited to:
Auditing related to our interactions with you;
Legal compliance;
Detecting and protecting against security incidents, fraud, and illegal activity;
Debugging;
Performing services (for us or our service provider) such as account servicing, processing orders and payments, and analytics;
Internal research for technological improvement;
Internal operations;
Activities to maintain and improve our services.
B. Retention of Personal Information. All of the above categories of personal information are stored by us and/or our service providers for as long as necessary to fulfill the specific purpose(s) described herein and to the extent permitted by applicable law. When we no longer have a legitimate commercial or business purpose for retaining your personal information, or when you request that we delete your personal information (subject to certain exceptions), we will remove such information from our systems and records and direct our service providers to do the same, which includes taking steps to anonymize it so that you can no longer be ident

[H1] About

[H2] The story behind Altimetry Research

"Altimetry" is the study of height or measuring altitude. Said differently, it's the study of things that go up. And in the investment world, who doesn't like things that go up?
Altimetry Research is a boutique financial research and publishing firm providing individual investors with unique, unbiased investment recommendations and analytics.
As the consumer arm of Valens Research, we leverage the same underlying datasets, investment philosophy, and strategies.
Primarily, we're guided by the knowledge that U.S. accounting guidelines – which American public companies are forced to follow – obscure the true results of a company's profitability, misleading investors. And we're not alone with these concerns...
Warren Buffett: "The net earnings figure... is not representative of the business at all."
Forbes: "Why GAAP Accounting Rules May Be Damaging to Investors."
Billionaire hedge-fund manager Seth Klarman: "Analysis of reported earnings can mislead investors as to the real profitability of a business."
Instead of using traditional Wall Street analyses, we deconstruct them and reassemble them using our own Uniform Adjusted Financial Reporting Standards (UAFRS) – or Uniform Accounting, for short. This process shows us the true picture of a company's potential.
Then we combine Uniform Accounting with additional deep forensic analysis to consistently find mispriced companies poised for massive growth, which we detail for our subscribers.

Altimetry's Hidden Alpha is our flagship newsletter... and a must-have for anybody interested in starting their Uniform Accounting journey.
This monthly research service focuses on lower risk large-cap companies... whose real profits and earnings are hidden from 99% of "average Joes" looking to invest.
Using our proprietary Uniform Accounting data, we target well-known stocks with the goal of finding low-risk, 100%-plus gains.
With our approach to uncovering true earnings, we've been able to lock in gains like...

78% on eBay (EBAY)
94% on Chegg (CHGG)
119% on Lam Research (LRCX)
132% on Ford Motor (F)
80% on Capital One Financial (COF)
92% on Alphabet (GOOGL)
69% on Facebook (META)
206% on D. R. Horton (DHI)
112% on PayPal (PYPL)
And MANY more

Every month in Hidden Alpha, we'll send you an investing opportunity with the same potential.
But it’s important to remember that while Hidden Alpha is about supplying you with a steady flow of chances to beat the market…
Our overarching goal with this service is to make sure you always have the information you need. We want to help you make the best decisions possible... to make sure your wealth continues to grow.
Whether you're a retiree managing your money for the later stages of life... or you're still dealing with your 401(k)... or you're wondering how much you should be putting in an IRA…
This is what the research we share in Hidden Alpha is really meant to help you with.
It's a complete investing philosophy designed to keep you on the right path – no matter what's happening in the market.

Click here to subscribe to Altimetry's Hidden Alpha

[H4] Top Gains

206%
in DHI

132%
in F

119%
in LRCX

[H4] Publication Details

Publishing Schedule
1st Monday of each month

Required Capital
Approximately $10,000

Type of Investments
Well-known large-cap stocks that you can feel comfortable investing more of your portfolio and/or taking larger positions in

Typical Holding Period
Approximately 18 months