Methodology | Trensik Indices

1 · Series overview

The Trensik XRPL Benchmark Series comprises four preview indices over the real-world assets listed on Trensik’s XRPL venue: TXC (Composite, all 48 assets), TXEQ (Equities, 39 WeildX tokenized equities), TXTR (Trackers, 6 Assetiko index and sector tokens), and TXCM (Commodities, 3 Assetiko commodity tokens). “Preview” means: computed once at build from an immutable market snapshot (2026-08-13), never live-calculated, never estimated. Two equal-weight sub-series (TXC-EW, TXEQ-EW) exist as concentration diagnostics, not standalone benchmarks (§4.4).

2 · Universe & eligibility

The universe is the Trensik asset registry: 39 WeildX equities, 6 Assetiko trackers, and 3 commodities. Eligibility requires presence in the registry with a positive market cap and a complete, positive 24-point aligned price series. Result for this series: 48 eligible · 48 included · 0 exclusions. An asset failing eligibility would be excluded and named — absence is stated, never filled.

3 · Data & alignment

The snapshot supplies each asset’s price, market cap, and a downsampled trailing 7-day price series. Series are tail-aligned to the shortest common length — 24 points for every current member. The snapshot carries no per-point timestamps, so points are labeled P0 … P23; the series never fabricates dates.

4 · Weighting

4.1 · Market-cap weights, fixed over the window

Weights are snapshot market caps normalized to 1, fixed across the whole window. No intra-window reweighting occurs; this is disclosed rather than simulated.

4.2 · The 10% cap

while any w[i] > cap:
  excess   = Σ (w[i] - cap) over capped members
  w[i]     = cap                       for capped members
  w[j]    += excess · w[j] / Σ w[j]    for uncapped members

Convergence is reached when no weight exceeds the cap; every pass is recorded and the recorded passes drive the Capping Loom exhibit. Observed in this series: TXC converges immediately (largest raw weight 8.90% — the cap is not binding); TXEQ converges in one pass with its largest member pinned at 10.00%.

4.3 · The Small-Basket Rule

n × cap < 1 ⇒ no capped solution exists ⇒ equal weight applies.

TXTR: 6 × 10% = 60% < 100% → equal weight 16.67%. TXCM: 3 × 10% = 30% < 100% → equal weight 33.33%. The rule is named and printed wherever those weightings appear.

4.4 · Equal-weight sub-series

TXC-EW and TXEQ-EW recompute the parent with equal weights. Their only role is the Divergence Band: the gap between capped and equal-weight levels is the concentration effect, stated in index points.

5 · Calculation

Level(t)        = 1000 · Σᵢ wᵢ · Pᵢ(t) / Pᵢ(0)
IntervalReturn  = Level(t+1) / Level(t) − 1
Contributionᵢ   = 1000 · wᵢ · (Pᵢ(T) / Pᵢ(0) − 1)   [index points]

Base value is 1000.00 at P0 for every index. The Attribution Spine renders the contribution formula verbatim: TXC’s close of 1387.60 decomposes into per-constituent points that sum to the window move.

6 · Rebalancing & events

Tracker constituents carry quarterly rebalance events in the preview schedule (source: Assetiko preview, surfaced via calendar.trensik.com); these are flagged as INDEX EVENTS wherever shown. Equity earnings and dividends are informational context only. No membership changes occur within a preview window. A production corporate-actions policy is future scope and is not simulated here.

7 · Derived statistics

7.1 · Concentration

HHI = Σ wᵢ² · Top-N weight = Σ of the N largest wᵢ.

7.2 · Breadth

Per interval: advancers, decliners, unchanged among members by raw price direction.

7.3 · Best / worst interval

The extreme interval returns of the level series, cited as Pn→Pn+1.

7.4 · Top-mover share

share(t) = maxᵢ |cᵢ(t)| / Σᵢ |cᵢ(t)|, where cᵢ(t) = 1000 · wᵢ · (Pᵢ(t+1) − Pᵢ(t)) / Pᵢ(0).

Bounded and always defined. The Breadth Seismograph’s beacons mark intervals where share > 50% and the index direction disagrees with the breadth majority — single-name dominance, computed, not asserted.

8 · Naming & identifiers

Codes use the TX prefix (TXC, TXEQ, TXTR, TXCM) with the -EW suffix for equal-weight sub-series. Codes deliberately carry no member counts, so they survive universe growth. “TRX” is never used — it is TRON’s ticker; “TNX” is avoided as the CBOE 10-year Treasury yield symbol.

9 · Limitations & disclaimers

Preview data over a 24-point window only. No annualization, no extrapolation, no history before P0, no “since inception” language. No ratings, scores, targets, outlooks, or opinions are published anywhere in the series. Nothing here is investment advice. A verification failure at build time fails the build — a broken computation is never shipped as a number.

10 · Revision history

VERSION	DATE	CHANGE
v1.0-preview	2026-08-13	Initial publication of the four-index preview series.

Preview data — computed at build from the immutable market snapshot of 2026-08-13. Not investment advice; no ratings or opinions are published.

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