Un registro analítico de cada componente Core y familia de contexto. Documenta independencia de fuentes, transformaciones, cobertura actual, reglas de publicación y revisión, sesgos conocidos y la evidencia exigida para promoción.
VCIX es una señal macro direccional, no una nota de bienestar, un porcentaje de recuperación ni una meta sobre 100.
Actividad: 0 = norma reciente
Cero es la norma causal reciente del crecimiento ajustado por dirección de cada componente. Positivo significa más fuerte que esa norma; negativo, más débil. No tiene año base fijo.
Amplitud: −100 a +100
Va de −100 (todas las señales disponibles de pilares empeoran) a +100 (todas mejoran). Mide participación, no magnitud.
El nivel encadenado 2021=100 se conserva solo para auditoría. No es el titular ni significa porcentaje recuperado.
Panel Core
Siete miembros, cinco pilares, votos iguales entre pilares disponibles y un voto por familia de fuente dentro de cada pilar.
100 × ln(value[t] / value[t−12m]); causal rolling robust z-score (minimum 6, maximum 60 observations, median/MAD with standard-deviation fallback), clipped to ±3.
Regla de agregación
Average available component signals inside each source family, average families inside each pillar, average available pillars equally, then apply a trailing three-month mean to Activity and Breadth.
Evidencia de admisión
The original pre-v1.2 first-eligibility date was not preserved. The dated v1.3 decision on 2026-08-10 retained rigs as the sole Oil member after the staler, highly correlated production series was removed.Admitida: no conservada · Primera elegibilidad: no conservada
Regla de publicación / vigencia
Monthly Baker Hughes international rig workbook; use the latest complete published month. No fixed publication day is asserted.
Regla de revisión
A replayed workbook must reproduce stored history; a changed historical month requires a separately reviewed revision path.
Control de duplicados
One Baker Hughes upstream-activity vote. Oil production is published separately but does not receive a second correlated Core vote.
Sesgo conocido
Rig count measures drilling capacity in use, not barrels produced, productivity, exports, or realized cash flow.
Objetivo de validación
JODI/OPEC output, oil exports, and physical investment activity.
value[t−12m] − value[t] (percentage-point improvement); causal rolling robust z-score (minimum 6, maximum 60 observations, median/MAD with standard-deviation fallback), clipped to ±3.
Regla de agregación
Average available component signals inside each source family, average families inside each pillar, average available pillars equally, then apply a trailing three-month mean to Activity and Breadth.
Evidencia de admisión
The original pre-v1.2 first-eligibility date was not preserved. The series remains an explicit v1.4 member and carries the documented BCV publication lag.
Vigente · último 2 oct. 2026 · 1,800 observaciones
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Transformación del índice
value[t−12m] − value[t] (percentage-point improvement); causal rolling robust z-score (minimum 6, maximum 60 observations, median/MAD with standard-deviation fallback), clipped to ±3.
Regla de agregación
Average available component signals inside each source family, average families inside each pillar, average available pillars equally, then apply a trailing three-month mean to Activity and Breadth.
Evidencia de admisión
Admitted by the frozen v1.4 decision after 1,749 exact publication-to-publication observations cleared depth, freshness, source, direction, methodology, collision, and correlation gates.
100 × ln(value[t] / value[t−12m]); causal rolling robust z-score (minimum 6, maximum 60 observations, median/MAD with standard-deviation fallback), clipped to ±3.
Regla de agregación
Average available component signals inside each source family, average families inside each pillar, average available pillars equally, then apply a trailing three-month mean to Activity and Breadth.
Evidencia de admisión
The original pre-v1.2 first-eligibility date was not preserved. The current panel retains the broad USD composite as the sole BVC market-level Core vote.
Vigente · último 18 sept. 2026 · 259 observaciones
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Transformación del índice
100 × ln(value[t] / value[t−12m]); causal rolling robust z-score (minimum 6, maximum 60 observations, median/MAD with standard-deviation fallback), clipped to ±3.
Regla de agregación
Average available component signals inside each source family, average families inside each pillar, average available pillars equally, then apply a trailing three-month mean to Activity and Breadth.
Evidencia de admisión
The original pre-v1.2 first-eligibility date was not preserved. The v1.2 review retained deposits as the sole BCV balance-sheet Core vote after credit/deposit correlation reached 0.925.
100 × ln(value[t] / value[t−12m]); causal rolling robust z-score (minimum 6, maximum 60 observations, median/MAD with standard-deviation fallback), clipped to ±3.
Regla de agregación
Average available component signals inside each source family, average families inside each pillar, average available pillars equally, then apply a trailing three-month mean to Activity and Breadth.
Evidencia de admisión
The original pre-v1.2 first-eligibility date was not preserved. The current panel admits only the annual partner-reported total, not its component cuts.
100 × ln(value[t] / value[t−12m]); causal rolling robust z-score (minimum 6, maximum 60 observations, median/MAD with standard-deviation fallback), clipped to ±3.
Regla de agregación
Average available component signals inside each source family, average families inside each pillar, average available pillars equally, then apply a trailing three-month mean to Activity and Breadth.
Evidencia de admisión
The v1.2 decision replaced two highly correlated passenger/commercial legs with their exact same-month total so one CAVENEZ release receives one Core vote.
Familias de contexto para lanzamiento
Estas series agregan evidencia macro sin recibir silenciosamente un voto en el índice. Las familias estacionadas no publican resultados numéricos hasta superar su criterio.
Admitida: no conservada · Primera elegibilidad: no conservada
Regla de publicación / vigencia
Monthly BCV INPC release with a 60-day documented publisher-lag allowance; no fictional fixed calendar is assigned.
Regla de revisión
Store only the exact published month and source document. Revisions must remain attributable and may not be interpolated into missing months.
Control de duplicados
One BCV price-stability family vote. Annual inflation derived from the same CPI release is not a second Core member.
Sesgo conocido
An official national CPI may differ from online, regional, imported-goods, or household-specific price experience.
Objetivo de validación
A future continuous multi-retailer matched-item panel and survey evidence.
Admitida: 1.4 · Primera elegibilidad: 12 ago. 2026
Regla de publicación / vigencia
Each new BCV official-rate publication; the observation uses that publication date and is never dailyized across a gap.
Regla de revisión
Recompute only from the exact ordered official-rate inputs and retain both input UUIDs. Divergent stored output blocks rather than overwrites.
Control de duplicados
One BCV official-FX family vote, distinct from the BCV CPI family. P2P spread and trust-gap cuts do not receive additional Core votes.
Sesgo conocido
This is change in the administered reference rate between publications, not an executable parallel-market return or a constant-time daily depreciation rate.
Objetivo de validación
P2P venue dislocation, import pricing, and inflation expectations.
Admitida: no conservada · Primera elegibilidad: no conservada
Regla de publicación / vigencia
Monthly close derived from the published BVC ticker set and exact applicable FX inputs; no claim of intramonth executability.
Regla de revisión
Ticker and FX inputs must remain source-linked. A constituent, splice, or FX-method change requires a versioned methodology decision.
Control de duplicados
One BVC market family vote. Raw tickers, breadth, and the spliced IBC series remain context rather than separate Core votes.
Sesgo conocido
The Caracas market is illiquid; a price-only composite can move on stale or non-executable prints and is not a broad activity measure.
Objetivo de validación
Turnover, bid/ask depth, stale-price incidence, sovereign risk, and USD returns.
Admitida: no conservada · Primera elegibilidad: no conservada
Regla de publicación / vigencia
Weekly BCV bank-balance workbook by exact published date; no nearest-date or carried observation is created.
Regla de revisión
The workbook replay must reconcile every stored input. Changed history blocks the collector for a separately reviewed revision.
Control de duplicados
One BCV banking-balance family vote. Credit and the ratio/growth/USD views remain Indicators.
Sesgo conocido
Nominal VES deposits are affected by inflation, redenomination, administered FX, and financial deepening; they are not real purchasing power or freely convertible USD balances.
Objetivo de validación
Payment counts, real activity, credit intermediation, and matched inflation-adjusted analysis.
Admitida: no conservada · Primera elegibilidad: no conservada
Regla de publicación / vigencia
Annual UN Comtrade partner-reported exports to Venezuela; use only the published reporter panel for that year and disclose panel changes.
Regla de revisión
A changed reporter panel or historical value is a reviewable revision. Growth across incomparable panels is not published.
Control de duplicados
One UN Comtrade family vote. Machinery, vehicles, electrical, and pharmaceutical cuts remain Indicators.
Sesgo conocido
Partner coverage and reporting lags vary by year; the total can change because the reporter panel changes, not only because Venezuelan demand changes.
Objetivo de validación
Stable-reporter trade, payment activity, port entries, and domestic durable demand.
Admitida: 1.2 · Primera elegibilidad: 9 ago. 2026
Regla de publicación / vigencia
Monthly CAVENEZ publication; emit a total only when both passenger and commercial legs exist for the exact same month.
Regla de revisión
Reconcile both source legs to the live CAVENEZ API and retain their UUIDs. Missing or divergent legs block output.
Control de duplicados
One CAVENEZ family vote. Passenger, commercial, composition, and YoY views remain Indicators.
Sesgo conocido
Association-reported new-vehicle sales cover the formal new market, not used vehicles, informal imports, affordability, or total transport investment.
Objetivo de validación
Commercial share, mirror vehicle imports, bank credit, and business survey demand.