Markets are complex. Research should be systematic.

Origio

Origio means original

Everyone else is polishing the wheel. We built wings.

Research that begins at the origin, not inside someone else's backtest. Every framework here started with our own question, our own rule and our own money. Founded by Purvang Gandhi.

Deploy our systems

Everyone else: polishing the same wheelOrigio: same destination, with wings

The proof behind the promise

Big claims are cheap. Here is what stands behind this one.

0market seats

0research frameworks

0years of experience

60,000 hours of experience2 papers on SSRNOwn money, alwaysMBA Finance · CA Final (Group 2)

★ Sets up your entire research desk◆ A rare individual

The story in one picture

Three chapters. Three seats. Six frameworks.

1996200620162026

CHAPTER 1 · 1996 TO 2006

Participant

Outside the market

Regime Sequencing

CHAPTER 2 · 2006 TO 2016

Intermediary

In between: knowledge compounding

Top-DownAlpha-Beta

CHAPTER 3 · 2016 TO 2026

Researcher

Inside: intellect compounding into mechanical order

Intellectual growth

AnalyticalDiscretionarySystematicMechanical

1 + 2 + 3 = 6 frameworks

Origio means original.

Open any research report. Same indicators. Same charts. Same borrowed logic, handed down and repainted.

Original is our answer. Each framework began here: a question we asked ourselves, a rule we wrote ourselves, a test we paid for ourselves. We begin with a behaviour (fear at an extreme, a trend that will not quit, a deviation that snaps back), define it, measure it, test it live, and only then turn it into a system.

The wheel is a brilliant invention. Polish it for another century and it still rolls on the same ground. Wings change where you can go. So we stopped polishing.

Six frameworks. Six problems solved.

Each one began as a problem we ran into ourselves. Tap a framework to see the problem, the solution and the rigor behind it.

Regime SequencingFor independent retail

THE PROBLEM

Using the wrong tool for the market. A trend signal fails in a sideways market, and the drawdown follows.

THE SOLUTION

Read the regime first (trending long, trending short, sideways), then pick the method for indices, ETFs and stocks.

THE RIGOR

Each method is tested only inside the regime it was built for, then live-tested, with losses analysed and rules refined.

reading regime

Fig. Illustrative price series. The regime is read first; signals appear only inside it.

Top-Down FrameworkFor the buy-side: Global, Country, Sector, Script

THE PROBLEM

Institutions must pick a few securities from thousands, and need a disciplined way to do it, not instinct.

THE SOLUTION

Start broad and narrow to one security. At each of four levels ask three questions, giving a 12-point matrix that ends in a selection decision.

THE RIGOR

Every cell needs a fundamental trigger, a technical setup and a quantitative signal that reproduces it. Selection is kept separate from trading.

Fig. The 12-point selection matrix, evaluated in sequence until one script remains.

Alpha-Beta FrameworkFor the buy-side: market-neutral positioning

THE PROBLEM

Market direction swamps stock-specific skill. Institutions need to stay market neutral.

THE SOLUTION

Find beta extremes, study how beta is likely to behave next, then trade alpha while managing beta exposure.

THE RIGOR

Beta is measured, not guessed, tested with correlation analysis, then built into a systematic version.

β = Cov(r_s, r_m) / Var(r_m)

Fig. A security's beta over time. At beta extremes the alpha trade is studied while exposure is hedged.

Mechanical trading systemsFor the sell-side: eight stages of evolution

THE PROBLEM

Discretion breaks under pressure, and an idea without defined rules cannot be tested or deployed.

THE SOLUTION

Rule-based systems, intraday and swing, built one layer at a time from a single rule up to money management and extreme deviation.

THE RIGOR

Backtest, then live test, then analyse slippage, cost and loss. One index system took roughly ten years to mature.

Fig. Each stage adds a layer. The grey curve (stage 1) smooths into the orange one. Illustrative.

Maximum Position ExcursionFor the sell-side: published on SSRN

THE PROBLEM

Entries, exits and stops are set by guesswork, with no evidence of how far a trade moves for or against you.

THE SOLUTION

Measure how far a position moves in your favour and against you during its whole life.

MFE = max(Pₜ − P₀) MAE = min(Pₜ − P₀)

THE RIGOR

Documented method, published openly on SSRN so it can be read and challenged.

Fig. One position's path with running favourable (MFE) and adverse (MAE) excursion.

Options theta researchFor the sell-side: in development

THE PROBLEM

Selling options for income looks easy until a bad month. Options can lose heavily.

THE SOLUTION

Probability cones show where price is likely to stay. A mechanical rule set sells outside the cone and exits by rule, not by emotion.

THE RIGOR

In development. Nothing is offered until it passes the same backtest and live-test loop as everything else.

Fig. Illustrative. One run expires inside the cone and the premium decays. The next touches a strike and the rule exits. Options can lose heavily.

Published on SSRNTwo papers, open for anyone to read.Paper 7069978 Paper 7063478

Why we are different.

Six reasons. None of them borrowed.

We trade our own money, so we feel the pain.

A P&L curve cannot be smoothed by someone who has never sat through its drawdown. Without self-pain you cannot smoothen the ride. It is why we study drawdown, execution and money management as seriously as entries.

One illustrative system. The shaded gap is the drawdown, where most people quit.

We have sat in all three seats.

Participant, intermediary and researcher. Because we have been each of them, we can design products for all three: the independent investor, the institution and the trader.

Three seats, one researcher.

We are process oriented.

Research is a loop, not a launch. Losses are data. Every pass leaves the next system better.

Two papers, approved by SSRN.

SSRN is an open research repository used by academics and institutions worldwide. Our papers passed its checks and are now public, dated and permanent.

SSRN approval is a screening for posting, not journal peer review.

Paper 7069978 Paper 7063478

SSRNAbstract ID 7069978

APPROVED

SSRNAbstract ID 7063478

APPROVED

SubmittedApprovedPermanent

Date-stampedOpen to allOpen to challenge

On the public record. Not a claim, a paper.

Serious researchers publish where anyone can check.

Passion is the schedule.

A typical day is the whole day: observe, test, record what failed, refine, repeat. Not a weekend hobby. The job.

A typical day An illustrative lab-notebook entry.

On an unconventional and courageous path

A very rare individual.

Self-funded. Courageous. A mad mechanical thinker, a scientist of the markets, a maverick.

0hours of experience

0%+of career on research

Selffunded, every step

MBA in Finance and CA Final (Group 2), supported by MCFM and B.Com. The real credential is the work.

Six qualities, fused into one.

Our vision

Give the world our best.

Thirty years of evolution. Tomorrow, a better firm than today.

You cannot make the cake and eat it too.

We learnt it the hard way. So we develop. Buy-side, sell-side and retail consume.

WE DEVELOP

THEY CONSUME

DevelopBuy-sideSell-sideRetail

Three jobs, never one.

For Indian markets: a seat for everyone, and a desk of your own.

Buy-side: select and stay neutral
Sell-side: systems that run on rules
Retail: read the regime first
Consultancy: your own research desk

One method, four ways in.

Our best, from India to the world.

No middlemen, no waiting list. Read it. Run it. Anywhere.

Read The Regime Report Get the Expert Advisor on MQL5

From India to readers and traders everywhere.

An ecosystem that keeps growing.

Capital funds research. Research builds systems. Systems bring people and partners. Every turn adds to the ecosystem.

Capital, research, systems, deploy, reinvest, people, and always more.

A lot more in the pipeline.

Failures become data. The pipeline never stops.

Ideas in, evidence out, systems at the end.

Three ventures. One mission.

Academic at heart, for a smarter world.

Research, education and training. All three are academic ventures, giving back an approach for a better and smarter world.

RESEARCHOrigioOriginal research, frameworks and deployable systems.origioresearch.com EDUCATIONIAMBTeaching the way of thinking behind the markets.iamb.club TRAININGMTS InstituteHands-on training in mechanical trading systems.mts.institute

Purvang Gandhi, founder of Origio Research

Purvang GandhiFounder, Origio Research

A note from the founder

Be original. Be Origio.

Markets are complex.

Research should be systematic.

Thank you for taking the time to look around. Whichever seat you sit in, buy-side, sell-side or retail, I would be glad to build something original with you.

Purvang GandhiFounder, Origio Research

Ready to deploy something original?

Tell us which seat you sit in. This opens WhatsApp with your details filled in, straight to Purvang.

From behaviour to research. From research to systems. From systems to an ecosystem.