Equities Purpose Analyze equity securities including individual stocks, equity indices, and equity portfolios. This skill covers factor models, valuation ratios, index construction methodologies, style analysis, earnings mechanics, and sector classification frameworks essential for equity market analysis. Layer 2 — Asset Classes Direction both When to Use - User asks about stocks, equity securities, or equity portfolio analysis - User asks about equity factor models (CAPM, Fama-French, momentum, quality, low vol) - User asks about index weighting methodologies (cap-weighted, equal-weighted, f…