Frog-in-the-pan momentum (12-1 with steady gains)

The paper sorts all stocks by past return, then by how steadily the return came (its 'information discreteness' score). Holding a stock with a positive return and more up days than down days is Be The Puck's single-stock cut-off.

Signals are acted on the first trading day of the next month. Days with no change count as neither up nor down.

The window ends a month before each check, so each month-end's call is already set a month ahead. No price on the day can change it.