Burning Shadows Index
A chain-linked barometer of the Burning Shadows chase cards with a fair-value overlay and an S&P 500 comparison. Descriptive — is this set rich or cheap versus what its cards are worth?
The Burning Shadows Raw Index · base 1,000
Index level, not a dollar price · 53 chase cards · history since 2026-02-07
Market vs fair value
The basket is trading above fair value. Descriptive of where the market sits today — not a forecast.
Basket
- Basket market value
- $1,512
- Cards in the index
- 53
- Typical card
- $11.13
- Breadth · up in 7d
- 55%
What's in the index
Showing 24 of 53 · sorted by price
How this works
The chase cards of Burning Shadows that the model prices. A set needs at least five tracked chase cards before it gets an index at all — below that the level is one or two cards wearing a set's name.
Equal-weighted and chain-linked from a base of 1,000: each day the level moves by the trimmed-mean daily return of its cards, dropping the top and bottom 2.5% and rejecting any single-day jump over 50%. Curated cuts pick their constituents by recent median price, so one thin sale cannot crown the wrong card.
The gauge is the basket’s average gap to modeled fair value — positive means the market trades rich, negative means cheap. It describes the present; it does not predict.
53 CARDS IN THE BASKET · HISTORY SINCE 2026-02-07 · S&P 500 OVERLAY REBASED TO THE WINDOW START