SonaR is a private research practice based in Scotland. It studies how information moves through public markets — what is disclosed, who it reaches, and how much of it is already in the price.
I
What we study
Every corporate event has a first owner: the company in the headline. It is rarely the last. Revenue, supply and competition tie companies together, and news travels along those ties at different speeds.
We study that travel. When something is disclosed, we ask who else it touches, by how much, and whether their prices have noticed.
II
How we work
We write the question down before we look at the answer.
Every hypothesis is registered before it is tested. Every record carries the moment it became known, so nothing is judged with knowledge it could not have had. Part of the evidence is kept sealed until the end. What fails is recorded as carefully as what holds.
The method is mathematical. The reasons are economic. Neither is allowed to stand without the other.
III
What we read
Primary sources only: company filings, public disclosures, and the public record of attention around them. Not commentary. Not the retelling.
IV
What we are not
SonaR is not an investment adviser and does not manage money for others. It does not sell signals, publish recommendations, or report performance. Nothing on this site is an offer or a solicitation.
Research, not advice.
At a glance
- Established
- 2026
- Based
- Scotland
- Focus
- US-listed equities
- Sources
- Public filings and disclosures
- Status
- Private research
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