Claim Extraction Gym: assertions

⚠ Unjudged candidates — all scores are 0.0. Run judge to score these candidates against references.
No scored results yet.

About This Gym

Task: Extract structured claims from documents — entities, atoms (raw facts), assertions (interpretations), and relationships (influence links between claims). Models receive a document and a prompt variant, and must return structured JSON with typed, sourced claims.

Evaluation: An Opus judge scores each candidate (0–100) against a reference extraction on six criteria: entity coverage, atom completeness, assertion quality, relationship accuracy, precision (no hallucinated claims), and source grounding (accurate quotes). Criteria are weighted and combined into an overall score.

Matrix: 5 models × 3 prompt variants × 3 documents = 45 candidates total.

Score Matrix (model × prompt)

Model \ Promptdefaulttightverbose
flash0.00.00.0
gpt0.00.00.0
grok-fast0.00.00.0
haiku0.00.00.0
sonnet0.00.00.0

Extraction Volume

Model Avg Claims Avg Entities Avg Relationships Avg Atoms Avg Assertions Avg Score
flash 12.1 6.3 2.8 5.3 4.0 0.0
gpt 46.9 11.2 3.8 29.7 13.4 0.0
grok-fast 33.3 13.4 2.9 22.9 7.4 0.0
haiku 49.9 9.6 1.6 33.6 14.8 0.0
sonnet 47.9 12.8 4.4 31.2 12.2 0.0

Category Breakdown (avg subscores per model)

Modelassertion_qualityatom_completenessentity_coverageprecisionrelationship_accuracysource_grounding
flash53.927.356.380.650.674.8
gpt64.966.764.467.463.971.3
grok-fast60.067.773.781.151.983.0
haiku76.780.077.979.265.185.6
sonnet85.187.084.986.277.290.2

Failure Taxonomy

Candidates scoring <20 are auto-classified by failure type.

Failure TypeCount% of Scored
Task failure (wrong extraction)45100%

Detail Cards (top 10 + bottom 5)

haiku default 3417 0
The candidate extraction is comprehensive and well-structured. It captures nearly all key entities, atoms, and assertions from the document, with good source grounding. The relationships are thoughtful and mostly accurate, though some minor issues exist with classification (e.g., c29 about German financial stocks is more of an atom than assertion). The candidate actually adds some useful claims the reference missed (e.g., US roadshow, Q3 results as separate atoms) and includes more relationships with reasonable influence weights.
Claims: 36 · Relationships: 0 · Entities: 5 · Atoms: 21 · Assertions: 15
entity_coverage
90.0
atom_completeness
90.0
assertion_quality
80.0
relationship_accuracy
82.0
precision
85.0
source_grounding
90.0
Content preview (14956 chars) 
```json
{
  "entities": [
    {
      "id": "e1",
      "name": "Heliad Equity Partners",
      "type": "company"
    },
    {
      "id": "e2",
      "name": "Andreas Lange",
      "type": "person"
    },
    {
      "id": "e3",
      "name": "GreenPark Investments",
      "type": "company"
    },
    {
      "id": "e4",
      "name": "German small-caps",
      "type": "market_segment"
    },
    {
      "id": "e5",
      "name": "German financial stocks",
      "type": "market_segment"
    }
  ],
  "claims": [
    {
      "id": "c1",
      "claim_type": "atom",
      "text": "Heliad Equity Partners has a market cap of 37M Euro",
      "confidence": 0.95,
      "source_quote": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro",
      "subject": "e1"
    },
    {
      "id": "c2",
      "claim_type": "atom",
      "text": "Heliad started making investments in 2006",
      "confidence": 0.95,
      "source_quote": "Heliad started making investments in 2006",
      "subject": "e1"
    },
    {
      "id": "c3",
      "claim_type": "atom",
      "text": "Three exits to date have generated IRRs in excess of 25%",
      "confidence": 0.95,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%",
      "subject": "e1"
    },
    {
      "id": "c4",
      "claim_type": "atom",
      "text": "Heliad's stated net asset value is 1.20 Euro per share",
      "confidence": 0.95,
      "source_quote": "the company's stated net asset value is 1.20 Euro",
      "subject": "e1"
    },
    {
      "id": "c5",
      "claim_type": "atom",
      "text": "Current Heliad share price is 0.53 Euro",
      "confidence": 0.95,
      "source_quote": "current share price 0.53 Euro",
      "subject": "e1"
    },
    {
      "id": "c6",
      "claim_type": "atom",
      "text": "Andreas Lange is in his mid 30s",
      "confidence": 0.95,
      "source_quote": "Andreas Lange, a mid 30s executive",
      "subject": "e2"
    },
    {
      "id": "c7",
      "claim_type": "atom",
      "text": "Management plans to exit almost all current investments in 2009 and 2010",
      "confidence": 0.95,
      "source_quote": "management plans to exit almost all of their current investments in 2009 and 2010",
      "subject": "e1"
    },
    {
      "id": "c8",
      "claim_type": "atom",
      "text": "German accounting regulations preclude Heliad from marking much of its portfolio up to fair market value",
      "confidence": 0.95,
      "source_quote": "German accounting regulations preclude Heliad from marking much of its portfolio up to fair market value given the recent vintage of the investments",
      "subject": "e1"
    },
    {
      "id": "c9",
      "claim_type": "atom",
      "text": "Heliad sold half of its current portfolio to GreenPark Investments at a valuation of 1.32 Euro",
      "confidence": 0.95,
      "source_quote": "they sold half of their current portfolio to GreenPark Investments (a $
haiku tight 3417 0
Good entity coverage and solid atom extraction, but missing several key assertions and relationships. Some atoms are miscategorized as assertions and vice versa. No relationships between claims are identified. A few important claims are missing (e.g., 100%+ upside, US roadshow catalyst, 20-30% compounding potential, long-term thesis).
Claims: 17 · Relationships: 0 · Entities: 4 · Atoms: 11 · Assertions: 6
entity_coverage
90.0
atom_completeness
72.0
assertion_quality
55.0
relationship_accuracy
20.0
precision
78.0
source_grounding
88.0
Content preview (5982 chars) 
```json
{
  "entities": [
    {"id": "heliad", "type": "entity", "name": "Heliad Equity Partners", "context": "German investment firm"},
    {"id": "lange", "type": "entity", "name": "Andreas Lange", "context": "CEO/management"},
    {"id": "greenpark", "type": "entity", "name": "GreenPark Investments", "context": "London-based investment firm"},
    {"id": "german_market", "type": "entity", "name": "German financial stocks market", "context": "market context"}
  ],
  "claims": [
    {
      "id": "c1",
      "claim_type": "atom",
      "text": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro",
      "confidence": 0.95,
      "source_quote": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro",
      "subject": "heliad"
    },
    {
      "id": "c2",
      "claim_type": "atom",
      "text": "Current share price is 0.53 Euro",
      "confidence": 0.95,
      "source_quote": "current share price 0.53 Euro",
      "subject": "heliad"
    },
    {
      "id": "c3",
      "claim_type": "atom",
      "text": "Heliad started making investments in 2006",
      "confidence": 0.95,
      "source_quote": "Heliad started making investments in 2006",
      "subject": "heliad"
    },
    {
      "id": "c4",
      "claim_type": "atom",
      "text": "Three exits to date have generated IRRs in excess of 25%",
      "confidence": 0.9,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%",
      "subject": "heliad"
    },
    {
      "id": "c5",
      "claim_type": "atom",
      "text": "Management plans to exit almost all current investments in 2009 and 2010",
      "confidence": 0.9,
      "source_quote": "management plans to exit almost all of their current investments in 2009 and 2010",
      "subject": "heliad"
    },
    {
      "id": "c6",
      "claim_type": "atom",
      "text": "Company's stated net asset value is 1.20 Euro",
      "confidence": 0.95,
      "source_quote": "the company's stated net asset value is 1.20 Euro",
      "subject": "heliad"
    },
    {
      "id": "c7",
      "claim_type": "assertion",
      "text": "Actual fair market value is closer to 1.35 Euro per share",
      "confidence": 0.6,
      "source_quote": "the actual FMV is my opinion is closer to 1.35 Euro",
      "subject": "heliad"
    },
    {
      "id": "c8",
      "claim_type": "assertion",
      "text": "Andreas Lange is a mid 30s executive considered a rising star in German private equity",
      "confidence": 0.65,
      "source_quote": "Andreas Lange, a mid 30s executive who is considered to be a rising star in the German private equity community",
      "subject": "lange"
    },
    {
      "id": "c9",
      "claim_type": "atom",
      "text": "Heliad sold half of current portfolio to GreenPark Investments at valuation of 1.32 Euro",
      "confidence": 0.95,
      "source_quote": "they sold half of their current portfolio to GreenP
haiku verbose 3417 0
The candidate extraction is comprehensive, covering nearly all key entities, atoms, and assertions from the document. It adds some useful entities (Heliad Portfolio, VIC members) and captures catalysts explicitly. Relationships are reasonable though some self-referential ones (E1→E1) are awkward. Minor issues: A12 conflates German financial stocks with German small-caps (source mismatch), and some subject assignments are debatable (e.g., A4 assigned to E2 instead of E1). Overall strong extraction with good source grounding.
Claims: 32 · Relationships: 0 · Entities: 7 · Atoms: 21 · Assertions: 11
entity_coverage
85.0
atom_completeness
88.0
assertion_quality
82.0
relationship_accuracy
72.0
precision
78.0
source_grounding
85.0
Content preview (15357 chars) 
```json
{
  "entities": [
    {
      "id": "E1",
      "type": "entity",
      "name": "Heliad Equity Partners",
      "description": "Publicly traded German investment firm"
    },
    {
      "id": "E2",
      "type": "entity",
      "name": "Andreas Lange",
      "description": "CEO/Management, mid-30s executive"
    },
    {
      "id": "E3",
      "type": "entity",
      "name": "GreenPark Investments",
      "description": "$2 billion London-based investment firm"
    },
    {
      "id": "E4",
      "type": "entity",
      "name": "Heliad Portfolio",
      "description": "Collection of portfolio investments"
    },
    {
      "id": "E5",
      "type": "entity",
      "name": "German small-cap market",
      "description": "German small-cap equities market"
    },
    {
      "id": "E6",
      "type": "entity",
      "name": "German financial stocks",
      "description": "German financial sector equities"
    },
    {
      "id": "E7",
      "type": "entity",
      "name": "VIC members",
      "description": "Target investment audience"
    }
  ],
  "claims": [
    {
      "id": "A1",
      "claim_type": "atom",
      "text": "Heliad Equity Partners has a market cap of 37M Euro",
      "confidence": 0.95,
      "source_quote": "publicly traded investment firm in Germany with a market cap of 37M Euro",
      "subject": "E1",
      "direction": "neutral"
    },
    {
      "id": "A2",
      "claim_type": "atom",
      "text": "Heliad started making investments in 2006",
      "confidence": 0.95,
      "source_quote": "Heliad started making investments in 2006",
      "subject": "E1",
      "direction": "neutral"
    },
    {
      "id": "A3",
      "claim_type": "atom",
      "text": "Three exits to date have generated IRRs in excess of 25%",
      "confidence": 0.90,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%",
      "subject": "E4",
      "direction": "bullish"
    },
    {
      "id": "A4",
      "claim_type": "atom",
      "text": "Management plans to exit almost all current investments in 2009 and 2010",
      "confidence": 0.90,
      "source_quote": "management plans to exit almost all of their current investments in 2009 and 2010",
      "subject": "E2",
      "direction": "bullish"
    },
    {
      "id": "A5",
      "claim_type": "atom",
      "text": "Heliad's stated net asset value is 1.20 Euro per share",
      "confidence": 0.95,
      "source_quote": "the company's stated net asset value is 1.20 Euro",
      "subject": "E1",
      "direction": "neutral"
    },
    {
      "id": "A6",
      "claim_type": "atom",
      "text": "Current share price is 0.53 Euro",
      "confidence": 0.95,
      "source_quote": "current share price 0.53 Euro",
      "subject": "E1",
      "direction": "neutral"
    },
    {
      "id": "A7",
      "claim_type": "assertion",
      "text": "Actual fair market value is closer to 1.35 Euro per share",
      "confidence": 0.70,
      "source_quote": "the actu
sonnet default 3417 0
The candidate extraction is comprehensive, covering nearly all key entities, atoms, and assertions from the document. It includes well-structured relationships that the reference lacks explicitly. Minor issues include classifying some atoms as assertions (e.g., c25 leverage fact) and missing the German small-cap market entity, but overall it's thorough and well-grounded.
Claims: 35 · Relationships: 5 · Entities: 6 · Atoms: 17 · Assertions: 13
entity_coverage
78.0
atom_completeness
90.0
assertion_quality
82.0
relationship_accuracy
85.0
precision
85.0
source_grounding
92.0
Content preview (13399 chars) 
```json
{
  "entities": [
    {"id": "e1", "name": "Heliad Equity Partners", "type": "company"},
    {"id": "e2", "name": "Andreas Lange", "type": "person"},
    {"id": "e3", "name": "GreenPark Investments", "type": "company"},
    {"id": "e4", "name": "VIC members", "type": "entity"},
    {"id": "e5", "name": "German private equity market", "type": "concept"},
    {"id": "e6", "name": "Heliad portfolio companies", "type": "entity"}
  ],
  "claims": [
    {
      "id": "c1",
      "claim_type": "atom",
      "text": "Heliad Equity Partners has a market cap of 37M Euro",
      "confidence": 0.95,
      "source_quote": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro.",
      "subject": "e1"
    },
    {
      "id": "c2",
      "claim_type": "atom",
      "text": "Heliad's current share price is 0.53 Euro",
      "confidence": 0.95,
      "source_quote": "the company's stated net asset value is 1.20 Euro (current share price 0.53 Euro)",
      "subject": "e1"
    },
    {
      "id": "c3",
      "claim_type": "atom",
      "text": "Heliad's stated net asset value is 1.20 Euro per share",
      "confidence": 0.95,
      "source_quote": "the company's stated net asset value is 1.20 Euro (current share price 0.53 Euro)",
      "subject": "e1"
    },
    {
      "id": "c4",
      "claim_type": "atom",
      "text": "Heliad started making investments in 2006",
      "confidence": 0.95,
      "source_quote": "Heliad started making investments in 2006, so given the typical private equity 3-5 year time frame there have been few exits to date.",
      "subject": "e1"
    },
    {
      "id": "c5",
      "claim_type": "atom",
      "text": "Heliad's three exits to date have generated IRRs in excess of 25%",
      "confidence": 0.90,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%",
      "subject": "e1"
    },
    {
      "id": "c6",
      "claim_type": "atom",
      "text": "GreenPark Investments is a $2 billion London-based investment firm",
      "confidence": 0.95,
      "source_quote": "they sold half of their current portfolio to GreenPark Investments (a $2 billion London-based investment firm)",
      "subject": "e3"
    },
    {
      "id": "c7",
      "claim_type": "atom",
      "text": "Heliad sold 50% of each portfolio company to GreenPark at a valuation of 1.32 Euro per share",
      "confidence": 0.95,
      "source_quote": "this past summer they sold half of their current portfolio to GreenPark Investments (a $2 billion London-based investment firm) at a valuation of 1.32 Euro.",
      "subject": "e1"
    },
    {
      "id": "c8",
      "claim_type": "atom",
      "text": "The GreenPark transaction results in Heliad receiving approximately 0.65 Euro per share in cash",
      "confidence": 0.90,
      "source_quote": "Heliad will receive nearly 0.65 per share in cash (minimal tax leakage)",
      "subject": "e1"
    },
    {
      "id": "c9",
      "claim_t
sonnet tight 3417 0
The candidate extraction is comprehensive, covering nearly all key facts and assertions from the document. It identifies more entities than the reference (though some like 'Heliad share price' as a separate entity are questionable). Atoms and assertions are well-formed and well-grounded. The relationship claims are reasonable though somewhat unusual in structure. Minor issues include missing the 'German small-cap market' entity and the explicit '100%+ upside within three months' assertion, and some entity assignments are debatable (e.g., assigning atoms to 'e7' GreenPark transaction event rather than to Heliad directly).
Claims: 32 · Relationships: 2 · Entities: 7 · Atoms: 21 · Assertions: 9
entity_coverage
78.0
atom_completeness
90.0
assertion_quality
82.0
relationship_accuracy
75.0
precision
88.0
source_grounding
92.0
Content preview (13113 chars) 
```json
{
  "entities": [
    {"id": "e1", "name": "Heliad Equity Partners", "type": "organization"},
    {"id": "e2", "name": "Andreas Lange", "type": "person"},
    {"id": "e3", "name": "GreenPark Investments", "type": "organization"},
    {"id": "e4", "name": "German accounting regulations", "type": "concept"},
    {"id": "e5", "name": "Heliad share price", "type": "financial_metric"},
    {"id": "e6", "name": "Heliad NAV", "type": "financial_metric"},
    {"id": "e7", "name": "GreenPark transaction", "type": "event"}
  ],
  "claims": [
    {
      "id": "c1",
      "claim_type": "atom",
      "text": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro.",
      "confidence": 0.95,
      "source_quote": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro.",
      "subject": "e1"
    },
    {
      "id": "c2",
      "claim_type": "atom",
      "text": "Heliad's current share price is 0.53 Euro.",
      "confidence": 0.95,
      "source_quote": "current share price 0.53 Euro",
      "subject": "e5"
    },
    {
      "id": "c3",
      "claim_type": "atom",
      "text": "Heliad's stated net asset value is 1.20 Euro per share.",
      "confidence": 0.95,
      "source_quote": "the company's stated net asset value is 1.20 Euro (current share price 0.53 Euro)",
      "subject": "e6"
    },
    {
      "id": "c4",
      "claim_type": "assertion",
      "text": "The actual fair market value of Heliad's NAV is closer to 1.35 Euro per share.",
      "confidence": 0.7,
      "source_quote": "the actual FMV is my opinion is closer to 1.35 Euro",
      "subject": "e6",
      "evidence": ["c3"]
    },
    {
      "id": "c5",
      "claim_type": "atom",
      "text": "Heliad started making investments in 2006.",
      "confidence": 0.95,
      "source_quote": "Heliad started making investments in 2006",
      "subject": "e1"
    },
    {
      "id": "c6",
      "claim_type": "atom",
      "text": "Heliad's three exits to date have generated IRRs in excess of 25%.",
      "confidence": 0.9,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%",
      "subject": "e1"
    },
    {
      "id": "c7",
      "claim_type": "atom",
      "text": "Heliad management plans to exit almost all of their current investments in 2009 and 2010.",
      "confidence": 0.9,
      "source_quote": "management plans to exit almost all of their current investments in 2009 and 2010",
      "subject": "e1"
    },
    {
      "id": "c8",
      "claim_type": "atom",
      "text": "Andreas Lange is a mid-30s executive considered a rising star in the German private equity community.",
      "confidence": 0.85,
      "source_quote": "Heliad is run by Andreas Lange, a mid 30s executive who is considered to be a rising star in the German private equity community",
      "subject": "e2"
    },
    {
      "id": "c9",
      "claim_type": "atom",
      "text": "Germa
sonnet verbose 3417 0
The candidate extraction is thorough and comprehensive, capturing virtually all key facts and assertions from the document. It identifies more entities than the reference (though some are arguably over-granular as metrics/events), extracts more claims with good source grounding, and includes well-structured relationships. Minor issues include some entity over-proliferation (metrics as entities) and a few claims with slightly interpretive framing not directly in the text.
Claims: 52 · Relationships: 5 · Entities: 18 · Atoms: 28 · Assertions: 19
entity_coverage
88.0
atom_completeness
92.0
assertion_quality
85.0
relationship_accuracy
78.0
precision
80.0
source_grounding
90.0
Content preview (25106 chars) 
```json
{
  "entities": [
    {
      "id": "E1",
      "name": "Heliad Equity Partners",
      "type": "organization",
      "description": "Publicly traded investment firm in Germany"
    },
    {
      "id": "E2",
      "name": "Andreas Lange",
      "type": "person",
      "description": "Mid-30s executive running Heliad Equity Partners"
    },
    {
      "id": "E3",
      "name": "GreenPark Investments",
      "type": "organization",
      "description": "$2 billion London-based investment firm"
    },
    {
      "id": "E4",
      "name": "Heliad Share Price",
      "type": "metric",
      "description": "Current share price of Heliad Equity Partners: 0.53 Euro"
    },
    {
      "id": "E5",
      "name": "Heliad NAV (Stated)",
      "type": "metric",
      "description": "Company's stated net asset value of 1.20 Euro per share"
    },
    {
      "id": "E6",
      "name": "Heliad FMV (Estimated)",
      "type": "metric",
      "description": "Author's estimated fair market value of 1.35 Euro per share"
    },
    {
      "id": "E7",
      "name": "Heliad Market Cap",
      "type": "metric",
      "description": "Market capitalization of 37M Euro"
    },
    {
      "id": "E8",
      "name": "Heliad Portfolio",
      "type": "asset",
      "description": "Heliad's portfolio of private equity investments"
    },
    {
      "id": "E9",
      "name": "GreenPark Transaction",
      "type": "event",
      "description": "Sale of 50% of Heliad's portfolio to GreenPark Investments at 1.32 Euro valuation"
    },
    {
      "id": "E10",
      "name": "German Accounting Regulations",
      "type": "regulatory_framework",
      "description": "Regulations precluding Heliad from marking portfolio to fair market value"
    },
    {
      "id": "E11",
      "name": "German Small-Cap Market",
      "type": "market",
      "description": "German small-cap stock market environment"
    },
    {
      "id": "E12",
      "name": "Heliad Cash Position",
      "type": "metric",
      "description": "Expected net cash per share of approximately 0.65 Euro post-GreenPark transaction"
    },
    {
      "id": "E13",
      "name": "GreenPark Receivable",
      "type": "asset",
      "description": "Outstanding receivable of approximately 12M Euro (0.15 per share) from GreenPark"
    },
    {
      "id": "E14",
      "name": "Heliad Total NAV",
      "type": "metric",
      "description": "Current NAV of Heliad approximately 84M Euro"
    },
    {
      "id": "E15",
      "name": "Q308 Earnings Report",
      "type": "event",
      "description": "Heliad's Q3 2008 financial results report"
    },
    {
      "id": "E16",
      "name": "US Roadshow",
      "type": "event",
      "description": "Heliad's first-ever US investor roadshow planned for late October"
    },
    {
      "id": "E17",
      "name": "VIC Members",
      "type": "audience",
      "description": "Value Investors Club members, the intended audience of this write-up"
    },
    {
      "id": "E1
flash default 3417 0
The candidate captures the core thesis and key data points but misses many important atoms (investments started 2006, exit plans for 2009-2010, German accounting regulations, GreenPark details like $2B AUM and 6 months due diligence, receivable details, NAV of 84M Euro, non-recourse leverage, etc.). Entity coverage misses the German small-cap market. Relationships are reasonable but limited. Some atoms are misclassified as assertions (c9 on leverage is a factual statement).
Claims: 13 · Relationships: 3 · Entities: 4 · Atoms: 5 · Assertions: 5
entity_coverage
60.0
atom_completeness
35.0
assertion_quality
55.0
relationship_accuracy
65.0
precision
75.0
source_grounding
80.0
Content preview (4618 chars) 
{
  "entities": [
    {"id": "e1", "name": "Heliad Equity Partners", "type": "company"},
    {"id": "e2", "name": "Andreas Lange", "type": "person"},
    {"id": "e3", "name": "GreenPark Investments", "type": "company"},
    {"id": "e4", "name": "German Private Equity Community", "type": "concept"}
  ],
  "claims": [
    {
      "id": "c1",
      "claim_type": "atom",
      "text": "Heliad Equity Partners has a market cap of 37M Euro",
      "confidence": 1.0,
      "source_quote": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro.",
      "subject": "e1"
    },
    {
      "id": "c2",
      "claim_type": "atom",
      "text": "The company's stated net asset value is 1.20 Euro while share price is 0.53 Euro",
      "confidence": 1.0,
      "source_quote": "the company's stated net asset value is 1.20 Euro (current share price 0.53 Euro)",
      "subject": "e1"
    },
    {
      "id": "c3",
      "claim_type": "assertion",
      "text": "Heliad is a great long-term investment under a stellar management team",
      "confidence": 0.8,
      "direction": "bullish",
      "source_quote": "I will make the argument that this is a great long-term investment under a stellar but young management team.",
      "subject": "e1"
    },
    {
      "id": "c4",
      "claim_type": "assertion",
      "text": "There is 100% + upside potential within three months",
      "confidence": 0.7,
      "direction": "bullish",
      "source_quote": "it may be an even better short-term trade with 100% + upside potential within three months.",
      "subject": "e1"
    },
    {
      "id": "c5",
      "claim_type": "atom",
      "text": "Heliad's three exits to date have generated IRRs in excess of 25%",
      "confidence": 0.95,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%.",
      "subject": "e1"
    },
    {
      "id": "c6",
      "claim_type": "assertion",
      "text": "The actual fair market value is closer to 1.35 Euro",
      "confidence": 0.65,
      "direction": "bullish",
      "source_quote": "the actual FMV is my opinion is closer to 1.35 Euro.",
      "subject": "e1"
    },
    {
      "id": "c7",
      "claim_type": "atom",
      "text": "Heliad sold 50% of its portfolio to GreenPark Investments at a 1.32 Euro valuation",
      "confidence": 1.0,
      "source_quote": "this past summer they sold half of their current portfolio to GreenPark Investments... at a valuation of 1.32 Euro.",
      "subject": "e1"
    },
    {
      "id": "c8",
      "claim_type": "atom",
      "text": "Heliad has already received 0.50 Euro per share in cash from the GreenPark sale",
      "confidence": 0.9,
      "source_quote": "Of the 0.65 per share in cash to be paid by GreenPark, Heliad mgmt indicates they have received 0.50 already.",
      "subject": "e1"
    },
    {
      "id": "c9",
      "claim_type": "assertion",
      "text": "Heliad employs very limited leverage at the hold co or
flash tight 3417 0
The candidate extraction captures some key entities and claims but misses many important atoms and assertions from the document. Entity coverage lacks the German small-cap market entity. Many critical data points (NAV of 1.20, share price 0.53, investment start in 2006, exit plans for 2009-2010, 0.65 Euro total cash per share, 12M receivable, 84M NAV, non-recourse leverage, 50% of each company sold, remaining 0.15 receivable) are omitted. Only one relationship is identified and it's somewhat awkwardly structured. Assertions miss key interpretive claims about discount to intrinsic value, compounding potential, and low deal risk.
Claims: 9 · Relationships: 1 · Entities: 3 · Atoms: 5 · Assertions: 3
entity_coverage
60.0
atom_completeness
30.0
assertion_quality
40.0
relationship_accuracy
35.0
precision
80.0
source_grounding
70.0
Content preview (3275 chars) 
```json
{
  "entities": [
    {
      "id": "heliad",
      "name": "Heliad Equity Partners",
      "type": "Investment Firm"
    },
    {
      "id": "andreas_lange",
      "name": "Andreas Lange",
      "type": "Person"
    },
    {
      "id": "greenpark",
      "name": "GreenPark Investments",
      "type": "Investment Firm"
    }
  ],
  "claims": [
    {
      "id": "c1",
      "claim_type": "atom",
      "text": "Heliad has a market capitalization of 37 million Euro.",
      "confidence": 1.0,
      "source_quote": "market cap of 37M Euro",
      "subject": "heliad"
    },
    {
      "id": "c2",
      "claim_type": "assertion",
      "text": "Andreas Lange is a rising star in the German private equity community.",
      "confidence": 0.8,
      "source_quote": "considered to be a rising star in the German private equity community",
      "subject": "andreas_lange"
    },
    {
      "id": "c3",
      "claim_type": "atom",
      "text": "Heliad's three exits to date generated IRRs exceeding 25%.",
      "confidence": 1.0,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%",
      "subject": "heliad"
    },
    {
      "id": "c4",
      "claim_type": "assertion",
      "text": "Heliad's actual Fair Market Value is approximately 1.35 Euro per share.",
      "confidence": 0.7,
      "source_quote": "the actual FMV is my opinion is closer to 1.35 Euro",
      "subject": "heliad"
    },
    {
      "id": "c5",
      "claim_type": "atom",
      "text": "Heliad employs very limited leverage at the holding or portfolio company level.",
      "confidence": 0.95,
      "source_quote": "Heliad employs very limited leverage either at the hold co level or at the portfolio company level",
      "subject": "heliad"
    },
    {
      "id": "c6",
      "claim_type": "relationship",
      "text": "GreenPark Investments purchased 50% of Heliad's portfolio at a valuation of 1.32 Euro per share.",
      "confidence": 1.0,
      "source_quote": "sold half of their current portfolio to GreenPark Investments... at a valuation of 1.32 Euro",
      "subject": "greenpark",
      "influences": [
        {
          "from": "greenpark",
          "influence": 0.65,
          "slot": "liquidity/cash position"
        }
      ]
    },
    {
      "id": "c7",
      "claim_type": "atom",
      "text": "Heliad has already received 0.50 Euro per share in cash from the GreenPark transaction.",
      "confidence": 0.9,
      "source_quote": "Heliad mgmt indicates they have received 0.50 already",
      "subject": "heliad"
    },
    {
      "id": "c8",
      "claim_type": "assertion",
      "text": "Heliad is expected to trade at 100%+ upside within three months due to cash realization and US roadshow.",
      "confidence": 0.6,
      "source_quote": "better short-term trade with 100% + upside potential within three months",
      "subject": "heliad"
    },
    {
      "id": "c9",
      "claim_type": "atom",
      "text": "German accounting re
flash verbose 3417 0
The candidate captures the main narrative and key entities but misses many important atoms (investment start date, accounting regulations, non-recourse leverage, cherry-pick detail, receivable details, NAV of 84M Euro, GreenPark's $2B size, 18-month receivable timeline). Assertions are reasonable but fewer than reference. Relationships are present but sparse. Some atoms are mislabeled (a4 mixes atom with assertion). Precision is generally good with no hallucinations.
Claims: 14 · Relationships: 2 · Entities: 5 · Atoms: 7 · Assertions: 5
entity_coverage
75.0
atom_completeness
42.0
assertion_quality
60.0
relationship_accuracy
55.0
precision
80.0
source_grounding
78.0
Content preview (5529 chars) 
```json
{
  "entities": [
    { "id": "e1", "name": "Heliad Equity Partners", "type": "organization" },
    { "id": "e2", "name": "Andreas Lange", "type": "person" },
    { "id": "e3", "name": "GreenPark Investments", "type": "organization" },
    { "id": "e4", "name": "German Private Equity Market", "type": "market" },
    { "id": "e5", "name": "VIC Members", "type": "group" }
  ],
  "claims": [
    {
      "id": "a1",
      "claim_type": "atom",
      "text": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro.",
      "confidence": 1.0,
      "source_quote": "Heliad Equity Partners is a publicly traded investment firm in Germany with a market cap of 37M Euro.",
      "subject": "e1",
      "direction": "neutral"
    },
    {
      "id": "a2",
      "claim_type": "assertion",
      "text": "Heliad is a great long-term investment under a stellar management team.",
      "confidence": 0.9,
      "source_quote": "I will make the argument that this is a great long-term investment under a stellar but young management team.",
      "subject": "e1",
      "direction": "bullish"
    },
    {
      "id": "a3",
      "claim_type": "assertion",
      "text": "Heliad represents a high-potential short-term trade with over 100% upside within three months.",
      "confidence": 0.85,
      "source_quote": "it may be an even better short-term trade with 100% + upside potential within three months.",
      "subject": "e1",
      "direction": "bullish"
    },
    {
      "id": "a4",
      "claim_type": "atom",
      "text": "Heliad's CEO Andreas Lange is a rising star in the German PE community.",
      "confidence": 0.95,
      "source_quote": "Heliad is run by Andreas Lange... considered to be a rising star in the German private equity community",
      "subject": "e2",
      "direction": "bullish"
    },
    {
      "id": "a5",
      "claim_type": "atom",
      "text": "Historical exits have generated IRRs exceeding 25%.",
      "confidence": 1.0,
      "source_quote": "the three exits to date have generated IRRs in excess of 25%.",
      "subject": "e1",
      "direction": "bullish"
    },
    {
      "id": "a6",
      "claim_type": "atom",
      "text": "Stated NAV is 1.20 Euro while the share price is 0.53 Euro.",
      "confidence": 1.0,
      "source_quote": "the company's stated net asset value is 1.20 Euro (current share price 0.53 Euro)",
      "subject": "e1",
      "direction": "bullish"
    },
    {
      "id": "a7",
      "claim_type": "assertion",
      "text": "Actual Fair Market Value (FMV) is approximately 1.35 Euro per share.",
      "confidence": 0.8,
      "source_quote": "the actual FMV is my opinion is closer to 1.35 Euro.",
      "subject": "e1",
      "direction": "bullish"
    },
    {
      "id": "a8",
      "claim_type": "atom",
      "text": "Heliad employs very limited leverage at both the holding and portfolio levels.",
      "confidence": 0.95,
      "source_quote": "Heliad employ
grok-fast default 3417 0
Good coverage of key facts and assertions with accurate source grounding, but missing several important atoms (leverage details, non-recourse basis, German accounting regulations, cherry-pick detail, receivable timeline) and has limited relationship extraction compared to reference. Entity coverage misses German small-cap market entity.
Claims: 27 · Relationships: 3 · Entities: 4 · Atoms: 13 · Assertions: 11
entity_coverage
70.0
atom_completeness
65.0
assertion_quality
75.0
relationship_accuracy
60.0
precision
85.0
source_grounding
85.0
Content preview (8972 chars) 
```json
{
  "entities": [
    {"id": "e1", "name": "Heliad Equity Partners", "type": "company"},
    {"id": "e2", "name": "Andreas Lange", "type": "person"},
    {"id": "e3", "name": "GreenPark Investments", "type": "company"},
    {"id": "e4", "name": "German private equity community", "type": "group"}
  ],
  "claims": [
    {
      "id": "c1",
      "claim_type": "atom",
      "text": "market cap of 37M Euro",
      "confidence": 1.0,
      "source_quote": "publicly traded investment firm in Germany with a market cap of 37M Euro",
      "subject": "e1"
    },
    {
      "id": "c2",
      "claim_type": "atom",
      "text": "current share price 0.53 Euro",
      "confidence": 1.0,
      "source_quote": "current share price 0.53 Euro",
      "subject": "e1"
    },
    {
      "id": "c3",
      "claim_type": "atom",
      "text": "stated net asset value is 1.20 Euro",
      "confidence": 1.0,
      "source_quote": "the company's stated net asset value is 1.20 Euro",
      "subject": "e1"
    },
    {
      "id": "c4",
      "claim_type": "atom",
      "text": "sold half of their current portfolio to GreenPark Investments at a valuation of 1.32 Euro",
      "confidence": 1.0,
      "source_quote": "they sold half of their current portfolio to GreenPark Investments (a $2 billion London-based investment firm) at a valuation of 1.32 Euro",
      "subject": "e1"
    },
    {
      "id": "c5",
      "claim_type": "atom",
      "text": "Heliad will receive nearly 0.65 per share in cash",
      "confidence": 0.95,
      "source_quote": "This means Heliad will receive nearly 0.65 per share in cash (minimal tax leakage)",
      "subject": "e1"
    },
    {
      "id": "c6",
      "claim_type": "atom",
      "text": "received 0.50 already",
      "confidence": 1.0,
      "source_quote": "Of the 0.65 per share in cash to be paid by GreenPark, Heliad mgmt indicates they have received 0.50 already",
      "subject": "e1"
    },
    {
      "id": "c7",
      "claim_type": "atom",
      "text": "remaining 0.15 will be a receivable",
      "confidence": 1.0,
      "source_quote": "The remaining 0.15 will be a receivable on Heliad’s balance sheet",
      "subject": "e1"
    },
    {
      "id": "c8",
      "claim_type": "atom",
      "text": "NAV of Heliad is currently 84M Euro",
      "confidence": 1.0,
      "source_quote": "the NAV of Heliad is currently 84M Euro which means GreenPark’s portion is 42M Euro",
      "subject": "e1"
    },
    {
      "id": "c9",
      "claim_type": "atom",
      "text": "GreenPark Investments is a $2 billion London-based investment firm",
      "confidence": 1.0,
      "source_quote": "GreenPark Investments (a $2 billion London-based investment firm)",
      "subject": "e3"
    },
    {
      "id": "c10",
      "claim_type": "atom",
      "text": "Heliad started making investments in 2006",
      "confidence": 1.0,
      "source_quote": "Heliad started making investments in 2006",
      "subject": "e1"
    },
    {
      "id": "c
grok-fast tight 5159562350 0
Good coverage of key atoms and entities, but the extraction is heavily atom-focused with minimal assertions and only one relationship. Entity format is non-standard (flat strings instead of typed objects). Missing some important atoms from the reference (e.g., TCJA tax cut impact, average water bill, $130mm as 42% of invested capital, Chester lawsuit details, liquidity). Assertions and relationships are underdeveloped compared to reference.
Claims: 32 · Relationships: 1 · Entities: 15 · Atoms: 28 · Assertions: 3
entity_coverage
78.0
atom_completeness
72.0
assertion_quality
55.0
relationship_accuracy
50.0
precision
90.0
source_grounding
88.0
Content preview (10011 chars) 
```json
{
  "entities": [
    "ARTNA",
    "Delaware",
    "New Castle county",
    "Sussex county",
    "Pennsylvania (PA)",
    "Maryland (MD)",
    "DEPSC",
    "MSEX",
    "YORW",
    "Tidewater Utilities",
    "Allen Harim",
    "Chester Water Authority",
    "Taylor family",
    "Dian Taylor",
    "Nicki Taylor"
  ],
  "claims": [
    {
      "id": "1",
      "claim_type": "atom",
      "text": "ARTNA services New Castle and Sussex counties in Delaware",
      "confidence": 1.0,
      "source_quote": "ARTNA is a small cap water & wastewater utility company in Delaware servicing New Castle and Sussex counties.",
      "subject": "ARTNA"
    },
    {
      "id": "2",
      "claim_type": "atom",
      "text": "Since 2014, ARTNA has increased corporate ROE from 7.7% to 9.5%",
      "confidence": 1.0,
      "source_quote": "Since 2014, ARTNA has maintained a conservative balance sheet, increased corporate ROE from 7.7% to 9.5%",
      "subject": "ARTNA"
    },
    {
      "id": "3",
      "claim_type": "atom",
      "text": "ARTNA increased TBV/share at a 4% CAGR",
      "confidence": 1.0,
      "source_quote": "increased TBV/share at a 4% CAGR",
      "subject": "ARTNA"
    },
    {
      "id": "4",
      "claim_type": "atom",
      "text": "ARTNA grown EPS at an 8% CAGR",
      "confidence": 1.0,
      "source_quote": "grown EPS at an 8% CAGR",
      "subject": "ARTNA"
    },
    {
      "id": "5",
      "claim_type": "atom",
      "text": "ARTNA pays a dividend equal to ~60% of earnings",
      "confidence": 0.95,
      "source_quote": "paying a dividend equal to ~60% of earnings",
      "subject": "ARTNA"
    },
    {
      "id": "6",
      "claim_type": "atom",
      "text": "ARTNA trades at ~20x LTM P/E",
      "confidence": 1.0,
      "source_quote": "~20x LTM P/E",
      "subject": "ARTNA"
    },
    {
      "id": "7",
      "claim_type": "atom",
      "text": "ARTNA has 3% dividend yield",
      "confidence": 1.0,
      "source_quote": "3% dividend yield",
      "subject": "ARTNA"
    },
    {
      "id": "8",
      "claim_type": "atom",
      "text": "ARTNA trades at ~2.0x TBV",
      "confidence": 1.0,
      "source_quote": "~2.0x TBV",
      "subject": "ARTNA"
    },
    {
      "id": "9",
      "claim_type": "atom",
      "text": "95% of Corporate EBITDA generated by regulated side",
      "confidence": 1.0,
      "source_quote": "95% of Corporate EBITDA is generated by the regulated side of the business.",
      "subject": "ARTNA"
    },
    {
      "id": "10",
      "claim_type": "atom",
      "text": "Regulated revenue ~93% water sales and ~7% wastewater",
      "confidence": 1.0,
      "source_quote": "Regulated revenue is ~93% water sales and ~7% wastewater treatment and disposal.",
      "subject": "ARTNA"
    },
    {
      "id": "11",
      "claim_type": "atom",
      "text": "Regulated business allowed ROE of ~9.75%",
      "confidence": 1.0,
      "source_quote": "The regulated business has an allowed ROE of ~9.75%",
grok-fast verbose 5159562350 0
Good coverage of key facts and reasonable assertions/relationships, but entity structure is non-standard (flat list of strings instead of typed objects with IDs), subjects on claims often point to generic concepts rather than proper entities, and some atoms blur the line with assertions. Relationships are reasonable but somewhat simplistic.
Claims: 46 · Relationships: 5 · Entities: 29 · Atoms: 33 · Assertions: 8
entity_coverage
75.0
atom_completeness
82.0
assertion_quality
72.0
relationship_accuracy
65.0
precision
78.0
source_grounding
85.0
Content preview (17590 chars) 
```json
{
  "entities": [
    "ARTNA",
    "Delaware",
    "New Castle County",
    "Sussex County",
    "Pennsylvania (PA)",
    "Maryland (MD)",
    "DEPSC",
    "Philadelphia",
    "MSEX",
    "YORW",
    "Chester Water Authority",
    "Allen Harim",
    "Taylor family",
    "Dian Taylor",
    "Nicki Taylor",
    "Tidewater Utilities",
    "ARTNB",
    "ARTNA Class A shares",
    "Regulated water utility business",
    "Unregulated businesses",
    "SLP plans",
    "Water sales revenue",
    "Wastewater treatment",
    "Corporate ROE",
    "TBV/share",
    "EPS",
    "Dividend",
    "LTM P/E",
    "Liquidity"
  ],
  "claims": [
    {
      "id": "atom1",
      "claim_type": "atom",
      "text": "ARTNA is a small cap water & wastewater utility company in Delaware servicing New Castle and Sussex counties.",
      "confidence": 1.0,
      "source_quote": "ARTNA is a small cap water & wastewater utility company in Delaware servicing New Castle and Sussex counties.",
      "subject": "ARTNA",
      "direction": "neutral"
    },
    {
      "id": "atom2",
      "claim_type": "atom",
      "text": "One of the lowest risk 9% IRR's with reasonable probability of 20%+ IRR over next two years.",
      "confidence": 0.9,
      "source_quote": "one of the lowest risk 9% IRR's with a reasonable probability of 20%+ IRR over the next two years that I am aware of.",
      "subject": "ARTNA",
      "direction": "bullish"
    },
    {
      "id": "atom3",
      "claim_type": "atom",
      "text": "Since 2014, ARTNA has maintained conservative balance sheet.",
      "confidence": 1.0,
      "source_quote": "Since 2014, ARTNA has maintained a conservative balance sheet",
      "subject": "ARTNA",
      "direction": "bullish"
    },
    {
      "id": "atom4",
      "claim_type": "atom",
      "text": "Corporate ROE increased from 7.7% to 9.5%.",
      "confidence": 1.0,
      "source_quote": "increased corporate ROE from 7.7% to 9.5%",
      "subject": "Corporate ROE",
      "direction": "bullish"
    },
    {
      "id": "atom5",
      "claim_type": "atom",
      "text": "TBV/share increased at 4% CAGR.",
      "confidence": 1.0,
      "source_quote": "increased TBV/share at a 4% CAGR",
      "subject": "TBV/share",
      "direction": "bullish"
    },
    {
      "id": "atom6",
      "claim_type": "atom",
      "text": "EPS grown at 8% CAGR while paying dividend equal to ~60% of earnings.",
      "confidence": 1.0,
      "source_quote": "grown EPS at an 8% CAGR while paying a dividend equal to ~60% of earnings.",
      "subject": "EPS",
      "direction": "bullish"
    },
    {
      "id": "atom7",
      "claim_type": "atom",
      "text": "ARTNA trades at ~20x LTM P/E; 3% dividend yield; ~2.0x TBV.",
      "confidence": 1.0,
      "source_quote": "~20x LTM P/E; 3% dividend yield; ~2.0x TBV",
      "subject": "ARTNA",
      "direction": "neutral"
    },
    {
      "id": "atom8",
      "claim_type": "atom",
      "text": "Trades at historically wide discount to c
gpt default 5159562350 0
Excellent extraction with comprehensive entity coverage, thorough atom and assertion capture, well-structured relationships, and strong source grounding. Minor issues include some redundancy and the reference's ARTNB entity being folded into a claim rather than a separate entity, but overall very high quality.
Claims: 80 · Relationships: 5 · Entities: 19 · Atoms: 43 · Assertions: 32
entity_coverage
90.0
atom_completeness
90.0
assertion_quality
90.0
relationship_accuracy
85.0
precision
85.0
source_grounding
92.0
Content preview (29118 chars) 
{"entities":[{"id":"e1","name":"ARTNA","type":"company"},{"id":"e2","name":"Artesian","type":"company"},{"id":"e3","name":"Delaware Public Service Commission","type":"regulator"},{"id":"e4","name":"New Castle County","type":"place"},{"id":"e5","name":"Sussex County","type":"place"},{"id":"e6","name":"Pennsylvania","type":"place"},{"id":"e7","name":"Maryland","type":"place"},{"id":"e8","name":"Philadelphia","type":"place"},{"id":"e9","name":"MSEX","type":"company"},{"id":"e10","name":"YORW","type":"company"},{"id":"e11","name":"Tidewater Utilities","type":"company"},{"id":"e12","name":"Allen Harim","type":"company"},{"id":"e13","name":"Chester Water Authority","type":"company"},{"id":"e14","name":"Taylor family","type":"group"},{"id":"e15","name":"Dian Taylor","type":"person"},{"id":"e16","name":"Nicki Taylor","type":"person"},{"id":"e17","name":"Covid-19","type":"event"},{"id":"e18","name":"TCJA corporate tax cut","type":"policy"},{"id":"e19","name":"Delaware","type":"place"}],"claims":[{"id":"c1","claim_type":"atom","text":"ARTNA is a small cap water and wastewater utility company in Delaware servicing New Castle and Sussex counties.","confidence":0.99,"source_quote":"ARTNA is a small cap water & wastewater utility company in Delaware servicing New Castle and Sussex counties.","subject":"e1"},{"id":"c2","claim_type":"assertion","text":"ARTNA is one of the lowest risk 9% IRR opportunities the author is aware of, with a reasonable probability of 20%+ IRR over the next two years.","confidence":0.84,"direction":"bullish","source_quote":"It is one of the lowest risk 9% IRR’s with a reasonable probability of 20%+ IRR over the next two years that I am aware of.","subject":"e1"},{"id":"c3","claim_type":"atom","text":"Since 2014, ARTNA has maintained a conservative balance sheet.","confidence":0.92,"source_quote":"Since 2014, ARTNA has maintained a conservative balance sheet","subject":"e1"},{"id":"c4","claim_type":"atom","text":"Since 2014, ARTNA increased corporate ROE from 7.7% to 9.5%.","confidence":0.97,"source_quote":"increased corporate ROE from 7.7% to 9.5%","subject":"e1"},{"id":"c5","claim_type":"atom","text":"Since 2014, ARTNA increased TBV per share at a 4% CAGR.","confidence":0.97,"source_quote":"increased TBV/share at a 4% CAGR","subject":"e1"},{"id":"c6","claim_type":"atom","text":"Since 2014, ARTNA grew EPS at an 8% CAGR while paying a dividend equal to about 60% of earnings.","confidence":0.97,"source_quote":"grown EPS at an 8% CAGR while paying a dividend equal to ~60% of earnings","subject":"e1"},{"id":"c7","claim_type":"assertion","text":"ARTNA remains reasonably priced given the stability and growth of the business.","confidence":0.88,"direction":"bullish","source_quote":"Despite these accomplishments, ARTNA remains reasonably priced given the stability and growth of the business (~20x LTM P/E; 3% dividend yield; ~2.0x TBV)","subject":"e1","evidence":["c4","c5","c6","c8","c9","c10"]},{"id":"c8","claim_type":"atom","text":"ARTNA trade
gpt tight 5159562350 0
The candidate extraction is thorough with good entity coverage, strong atom completeness covering most key data points, well-formed assertions, and accurate source grounding. It misses a few atoms from the reference (e.g., population growth stats, $130mm as 42% of YE2019 invested capital, average residential water bill ~$45/month, TCJA tax cut impact, unregulated business ROE ceiling detail) and some entities like Tidewater Utilities. Relationships are reasonable but somewhat sparse and the influence modeling is adequate though not deeply developed. Precision is high with no hallucinated claims.
Claims: 47 · Relationships: 3 · Entities: 13 · Atoms: 36 · Assertions: 8
entity_coverage
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relationship_accuracy
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precision
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source_grounding
93.0
Content preview (14839 chars) 
{"entities":[{"id":"e1","name":"ARTNA","type":"company"},{"id":"e2","name":"Delaware Public Service Commission","type":"regulator"},{"id":"e3","name":"New Castle County","type":"region"},{"id":"e4","name":"Sussex County","type":"region"},{"id":"e5","name":"MSEX","type":"company"},{"id":"e6","name":"YORW","type":"company"},{"id":"e7","name":"Allen Harim","type":"company"},{"id":"e8","name":"Chester Water Authority","type":"organization"},{"id":"e9","name":"Taylor family","type":"group"},{"id":"e10","name":"Dian Taylor","type":"person"},{"id":"e11","name":"Nicki Taylor","type":"person"},{"id":"e12","name":"ARTNB","type":"share_class"},{"id":"e13","name":"ARTNA Class A shares","type":"share_class"}],"claims":[{"id":"c1","claim_type":"atom","text":"ARTNA is a small cap water and wastewater utility company in Delaware servicing New Castle and Sussex counties.","confidence":0.99,"source_quote":"ARTNA is a small cap water & wastewater utility company in Delaware servicing New Castle and Sussex counties.","subject":"e1"},{"id":"c2","claim_type":"atom","text":"Since 2014, ARTNA has maintained a conservative balance sheet.","confidence":0.91,"source_quote":"Since 2014, ARTNA has maintained a conservative balance sheet","subject":"e1"},{"id":"c3","claim_type":"atom","text":"Since 2014, ARTNA increased corporate ROE from 7.7% to 9.5%.","confidence":0.98,"source_quote":"increased corporate ROE from 7.7% to 9.5%","subject":"e1"},{"id":"c4","claim_type":"atom","text":"Since 2014, ARTNA increased TBV per share at a 4% CAGR.","confidence":0.97,"source_quote":"increased TBV/share at a 4% CAGR","subject":"e1"},{"id":"c5","claim_type":"atom","text":"Since 2014, ARTNA grew EPS at an 8% CAGR while paying a dividend equal to about 60% of earnings.","confidence":0.97,"source_quote":"grown EPS at an 8% CAGR while paying a dividend equal to ~60% of earnings","subject":"e1"},{"id":"c6","claim_type":"atom","text":"ARTNA trades at about 20x LTM P/E, with a 3% dividend yield and about 2.0x TBV.","confidence":0.97,"source_quote":"(~20x LTM P/E; 3% dividend yield; ~2.0x TBV)","subject":"e1"},{"id":"c7","claim_type":"atom","text":"Liquidity in ARTNA is about $900k per day.","confidence":0.96,"source_quote":"Liquidity is ~$900k/day.","subject":"e1"},{"id":"c8","claim_type":"atom","text":"The vast majority of ARTNA's assets are in Delaware and are regulated by the DEPSC.","confidence":0.98,"source_quote":"The vast majority of ARTNA’s assets are in the state of Delaware and are regulated by the DEPSC.","subject":"e1"},{"id":"c9","claim_type":"atom","text":"95% of ARTNA corporate EBITDA is generated by the regulated side of the business.","confidence":0.99,"source_quote":"95% of Corporate EBITDA is generated by the regulated side of the business.","subject":"e1"},{"id":"c10","claim_type":"atom","text":"ARTNA's regulated revenue is about 93% water sales and about 7% wastewater treatment and disposal.","confidence":0.99,"source_quote":"Regulated revenue is ~93% water sales and ~7% was
gpt verbose 5159562350 0
The candidate extraction is completely empty (ERROR), containing no entities, claims, or any content whatsoever.
entity_coverage
0.0
atom_completeness
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assertion_quality
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relationship_accuracy
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precision
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source_grounding
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Content preview (7 chars) 
ERROR:

Generated 20260311_220047 — 45 candidates