Scan says short Europe’s slow bleeders: book -6.0% to -4.9%, only 1.1pt wide, median conf 78. Thin signal despite high confidence. Common drag: negative momentum plus illiquidity/downside risk. Financ

Wise Group plc ($WISE.L) -6.0%, conf 78, Tech univ 0%/sec 3%: ↓6mo/12mo momentum, ↓illiquidity. Serco Group plc ($SRP.L) -5.5%, conf 79, Industrials univ 0%/sec 1%: ↓6mo momentum, ↓illiquidity, ↓downside risk. Imperial Brands PLC ($IMB.L) -5.4%, conf 78, Defensive univ 0%/sec 2%: ↓12mo/6mo momentum, ↓illiquidity. Same drag, different sectors. Aviva plc ($AV.L) -5.4%, conf 79, Financials univ 1%/sec 1%: ↓illiquidity first, then ↓12mo/6mo momentum. Babcock International Group PLC ($BAB.L) -5.3%, conf 79, Industrials univ 1%/sec 1%: ↓illiquidity, ↓12mo/6mo momentum. Hexagon AB (publ) ($HEXA-B.ST) -5.1%, conf 76, Tech univ 1%/sec 6%: ↓downside risk, ↓12mo/6mo momentum. Hexagon is the odd one—lower conf, no illiquidity headline. Whitbread plc ($WTB.L) -5.0%, conf 79, Cyclical univ 1%/sec 2%: ↓12mo momentum, ↓illiquidity, ↓downside risk. BAYERISCHE MOTOREN WERKE AG S ($BMW.DE) -4.9%, conf 78, Cyclical univ 1%/sec 3%: ↓6mo/12mo momentum, ↓6mo alpha vs SPY. Auto + hotels both getting the same

Wise Group plc ($WISE.L) -6.0%, conf 78, Tech univ 0%/sec 3%: ↓6mo/12mo momentum, ↓illiquidity. Serco Group plc ($SRP.L) -5.5%, conf 79, Industrials univ 0%/sec 1%: ↓6mo momentum, ↓illiquidity, ↓downs