The Relevance Index

Taste Arbitrage

Where cultural relevance and market performance diverge. The gap between what culture values and what markets reward is the signal.

Brands where cultural relevance and market performance tell different stories

By Mike Litman

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Brands Analysed
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Avg Gap Score
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Max Divergence
Cultural Score vs Financial Momentum — Every Brand Plotted
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Financial Momentum (30d price change)
Cultural Relevance Score

Culturally Hot, Market Sleeping

These brands have high cultural relevance but their stock hasn't caught up. Culture often leads markets — the conversation happens before the quarterly earnings call.

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Market Loves It, Culture Doesn't

Strong financial performance but fading cultural relevance. Markets can run on momentum, but without cultural resonance, the story eventually needs to change.

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How Taste Arbitrage Works

A simple thesis: culture moves faster than markets. By normalising both cultural relevance scores and financial momentum to the same scale, divergences become visible.

01 / Cultural Score

Relevance Index

Each brand's score from The Relevance Index (0–100), combining Attention, Conversation, Creation, Desire, and Zeitgeist.

02 / Financial Momentum

30-Day Price Change

Stock price movement over 30 days, normalised to 0–100. −20% maps to 0, flat maps to 50, +20% maps to 100.

03 / The Gap

Arbitrage Signal

The absolute difference between normalised cultural and financial scores. Larger gaps suggest stronger divergence between cultural narrative and market narrative.

04 / The Split

Direction Matters

Culture > Financial = "Culturally hot, market sleeping." Financial > Culture = "Market loves it, culture doesn't." Each tells a different story.