THE AMERICAN BULLETIN
OF STOCK ANALYSIS

Doctrinal counterweight to the structural fragility of modern financial analysis

Primary Reference Page

ABSA Scale — Structural Resistance Registry

This page is maintained for repeated consultation. It records structural classification across 25 systemic operating constituents: enterprises whose continuity materially conditions economic throughput. The registry is filing-keyed, non-narrative, and minimally disclosed by doctrine.

Clarification Systemic relevance is a selection criterion, not a structural verdict. Constituents may fall anywhere on the ABSA Scale (Class I–V).

Engineering analogy

The ABSA Scale functions analogously to resistance classifications in structural engineering: it does not predict stress events; it records whether a structure can bear load under constraint without recurring external accommodation.

Public disclosure posture

Entries publish class and a minimal doctrinal descriptor. Quantitative substantiation, thresholds, and governance logic are withheld. S.A.V. is withheld by design.

Readers who require independent application may obtain the Lexicon to adopt ABSA across their own holdings: establishing admissibility, classifying structure, and determining Structural Autonomy Value (S.A.V.) under disclosed governance.

Selection doctrine (why these 25)
Inclusion criteria
  • Operating structure: the enterprise must be an operating business with financial statements suitable for structural comparison under ABSA doctrine.
  • Systemic exposure: continuity materially conditions economic throughput (infrastructure, production capacity, energy, health, communications, household provisioning).
  • Scale and relevance: selection favors large, widely-held constituents whose structural condition has broad spillover.
  • Representativeness: the set is maintained to represent load-bearing sectors rather than a single industry narrative.
  • Comparability: constituents are chosen such that structural classification doctrine can be applied consistently.
Exclusions (by doctrine)
  • Banks and bank-like balance sheets: excluded for structural non-comparability under ABSA’s operating doctrine.
  • REITs: excluded due to structurally distinct cash-flow and capitalization constraints.
  • Other excluded structures: omitted where accounting form and capitalization regime break comparability.

Reminder Inclusion is not endorsement. The registry exists precisely to distinguish relevance from resilience.

Registry of record

Constituents (25)

Public rationales are doctrinal descriptors. They are qualitative, non-evidentiary, and intentionally minimal. Quantitative substantiation and operational thresholds are withheld.

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Showing 25
S.A.V. (withheld)

Structural Autonomy Value (S.A.V.) describes the autonomy boundary implied by structure once admissibility and classification are established. It is not a price target. Determination and governance are disclosed exclusively in the Lexicon.

Update discipline

Entries are reviewed exclusively upon availability of the primary annual filing. No revisions are issued in response to market movements, events, or price action.