Handelsavisen has updated its investment thesis for Metalpha Technology Holding Ltd (MATH.O) following an internal data audit that corrected sector classification errors.
The revision stems from a sector-fix batch process executed on July 13, which re-routed the company’s classification through a direct GICS path to resolve contamination issues in the previous dataset.
The data correction prompted a full re-analysis of the company’s fundamentals.
Handelsavisen’s proprietary scoring model now assigns Metalpha a composite score of 31.32 out of 100, reflecting a cautious outlook.
This low score underscores persistent structural concerns within the firm’s current operational framework, as identified by the updated analytical parameters.
The audit highlights the importance of precise sector tagging for accurate peer comparison and valuation modeling.