Behavioral Cluster Drift

Mahalanobis distance from assigned cluster centroid · 755 issuers · 27 weekly snapshots
as of 2026-09-19
Above P95 (chi₃)
48 / 755
67 above P90 · 688 in normal range
Worst drifter
BUENOS D=6.03
ARG · C4 · driver: spread_skewness
Biggest 4w move
SOIAZ +5.24
AZE · now D=5.63
% drifting away
27%
slope > 0 over the last 4 weeks
Cluster heat — click to filter (bar height = # outliers ≥ P90)
Top drifters — composite rank (60% recent slope, 40% latest level)
Top 40 by default · cluster click or search expands · 40 visible thresholds: P90=2.50 · P95=2.79 · P99=3.37 (chi₃)
# Issuer Country Cluster DM Δ 4w 16w path Top driver
1 BUENOS ARG C4 6.03 ▲ +3.00 spread_skewness
2 ZOREN TUR C4 6.27 ▲ +2.57 spread_skewness
3 SOIAZ AZE C1 5.63 ▲ +5.24 spread_skewness
4 MAGELL ARE C6 6.55 ▲ +3.85 spread_skewness
5 RAIZBZ BRA C0 3.99 ▲ +1.37 beta_level
6 NICAU IDN C4 3.56 ▲ +1.37 beta_level
7 TPHLTT TTO C3 3.60 ▲ +2.75 spread_skewness
8 KOREAN KOR C4 2.94 ▲ +1.39 beta_level
9 HANMIL KOR C4 2.96 ▲ +1.06 beta_level
10 HWFPCO KOR C0 3.14 ▲ +2.12 spread_skewness
11 MCBRAC BRA C0 3.57 ▲ +1.68 beta_level
12 SENEGL SEN C5 4.26 ▲ +1.28 beta_level
13 HONDUR HND C0 2.85 ▲ +2.02 spread_skewness
14 ARACEN SAU C8 2.57 ▼ -1.66 beta_level
15 CRHZCH CHN C0 2.46 ▲ +1.51 spread_skewness
16 AHL BMU C0 2.44 ▲ +1.53 spread_skewness
17 JSWINI IND C0 3.28 ▲ +0.16 beta_level
18 SFHOLD CHN C0 2.34 ▲ +1.37 spread_skewness
19 BINHLD ARE C6 2.90 ▲ +0.72 beta_level
20 IRAQ IRQ C3 3.84 ▲ +0.66 spread_skewness
21 CHPWCN CHN C0 2.19 ▲ +0.99 spread_skewness
22 LILAPR PRI C4 2.07 ▼ -0.68 beta_level
23 ZHOSHK CHN C3 3.13 ▲ +0.39 spread_skewness
24 BEXBAH BHR C7 3.33 ▼ -1.67 beta_level
25 GOLLBZ BRA C6 2.72 ▲ +0.64 beta_level
26 AVIASG CYP C3 5.26 ▲ +0.57 spread_skewness
27 METINV UKR C2 2.18 ▼ -0.73 spread_skewness
28 MEDCIJ IDN C1 2.98 ▲ +0.53 beta_level
29 RILIN IND C7 3.01 ▲ +0.20 beta_level
30 AXNTLC MUS C1 2.06 ▲ +0.42 beta_level
31 LNGFOR CHN C3 2.61 ▲ +1.01 beta_level
32 SOBHA ARE C6 2.43 ▲ +0.56 beta_level
33 NHSECS KOR C2 2.09 ▲ +0.54 spread_skewness
34 ICICI IND C0 2.64 ▲ +0.44 spread_skewness
35 AEROMX MEX C1 3.09 ▼ -0.21 beta_level
36 ALINMA SAU C2 1.88 ▲ +0.53 spread_skewness
37 KENINT KEN C1 2.76 ▼ -0.58 beta_level
38 HDFCB IND C0 1.61 ▲ +0.78 spread_skewness
39 IRBIN IND C1 3.42 ▲ +0.10 beta_level
40 GHANA GHA C1 1.99 ▼ -0.82 beta_level