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Ownership + Capital Flows + Institutional Force = IC-VMSI

June 25, 2026

Matthew Krumholz

Markets are governed by core capital.
Priced by marginal capital.
Most investors study price.
IC-VMSI studies ownership, capital flows, and institutional force.

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IC-VMSI™ Asks One Question

Markets often look different.IC-VMSI™ asks one question:Has the underlying institutional force changed?Everything else follows.

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IC-VMSI Measures Capital.

Price is visible.Capital is not.IC-VMSI measures the difference.

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IC-VMSI™ Studies Capital

Most analysis studies companies.IC-VMSI™ studies capital.

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