feat(universe): separate scanner membership from retained history

bootstrap_universe(prune_missing=True) ran DELETE FROM tickers, cascading OHLCV,
setups, scores and S/R levels away for any symbol that had merely dropped out of
the index. Migration 032's own comment predicted this. The survivorship audit
measured what it costs: 2.09 Sharpe against 1.57 on universe composition alone.

Migration 035 adds untracked_on, the sibling of delisted_on — delisted means the
security stopped trading, untracked means a prune took it out of the scanner.
Nothing is deleted either way.

Migration 036 separates three more things that were still conflated:

  universe_memberships       what the index actually contained, when
  tickers.untracked_on       excluded from scanning by a prune
  tickers.scan_disabled_on   the operator's own "stop scanning this"
  tickers.tracking_source    who owns the row: a bootstrap, or an operator

The operator flag is its own column because with one column serving both
writers, a prune -> re-entry cycle would clear an explicit "off" — re-entry
cannot tell who set it. Re-entry clears untracked_on and never touches
scan_disabled_on.

untracked_on is NOT current index membership. The scheduled sync runs
prune_missing=False, so a symbol can have left the index and still be scanned;
the two legitimately differ and nothing asserts they agree.

Tracking ownership is sticky towards manual: prune touches index-owned rows
only, and a bootstrap never converts manual to index — a hand-added symbol that
joins the index would otherwise lose its protection the moment it left again,
which is exactly when it is needed. An explicit add of an index-owned symbol
claims it as manual without touching either off-switch.

Membership is observed, never asserted. first_seen_on is the first live
sighting; absent_since is the first observation that found the symbol GONE, so
the interval is [first_seen_on, absent_since) — named for what it stores rather
than "last_seen_on", which would have claimed the opposite. Intervals are
append-only, so a symbol that leaves and returns has two and a point-in-time
query for the gap correctly answers "not a member". members_on() implements the
boundary rule once. A date before the first live sync returns empty: that means
"we were not looking", not "the index was empty".

A failed fetch drives nothing. The cache and seed fallbacks mean the live fetch
failed, and the seed lists are ~44 symbols against a ~500-symbol universe — a
regression test caught a seed fallback untracking 2 of 3 tickers. Recording,
pruning and clearing prune flags all require a live source; only adding still
runs, so a cold start can still bootstrap from seeds.

Migration decisions: existing rows become manual (fail-safe — a wrong guess
costs an un-pruned symbol, not one swept out of the scanner), and existing
untracked_on values are copied into scan_disabled_on, since the original writer
is ambiguous and re-entry clears the prune column.

Backtest eligibility is unchanged. _load_backtest_symbols deliberately does not
use active_only, so today's scanner state cannot erase yesterday's candidates,
and untracking a symbol still cannot silence a coverage gap in the report.

Co-Authored-By: Claude Opus 5 <noreply@anthropic.com>
Claude-Session: https://claude.ai/code/session_01HAH7vVtn7qbcn1EVheecHQ

alembic/versions/035_ticker_untracked.py

@@ -0,0 +1,56 @@
+"""Separate scanner membership from retained history
+
+Revision ID: 035
+Revises: 034
+Create Date: 2026-09-07 00:00:00.000000
+
+Migration 032 stopped ``delete_ticker`` and the delisting path from destroying
+history, but left the other half of the problem open — its own comment said so:
+"Pruning a symbol that is merely no longer an index constituent still destroys
+history; that needs a tracked/membership state separate from delisting."
+
+``bootstrap_universe(prune_missing=True)`` still ran ``DELETE FROM tickers``,
+cascading OHLCV, setups and scores away for any symbol that had merely dropped
+out of the index. The survivorship audit measured what that costs: restoring 85
+removed constituents moved the same window from 2.09 Sharpe / 51.6% CAGR to
+1.57 / 38.1%. A prune that deletes is how a universe silently becomes the
+survivors.
+
+``untracked_on`` is the sibling of ``delisted_on``, and the distinction is the
+point:
+
+  delisted_on   the security stopped trading
+  untracked_on  it still trades; we stopped scanning it
+
+Both retain every row. NULL in both means "in the live path" — ``active_only``
+filters on both, so scanning, ranking, scoring, breadth and ingestion skip an
+untracked name, while the backtest's universe query deliberately does not, so
+today's membership cannot erase yesterday's candidates.
+
+Nullable and reversible: a symbol that returns to the index has ``untracked_on``
+cleared by the next bootstrap and rejoins the live path with its history intact.
+"""
+from typing import Sequence, Union
+
+from alembic import op
+import sqlalchemy as sa
+
+
+revision: str = "035"
+down_revision: Union[str, None] = "034"
+branch_labels: Union[str, Sequence[str], None] = None
+depends_on: Union[str, Sequence[str], None] = None
+
+
+def upgrade() -> None:
+    op.add_column("tickers", sa.Column("untracked_on", sa.Date(), nullable=True))
+    # Same reasoning as ix_tickers_delisted_on: the live path tests this
+    # predicate on every universe scan, and untracked rows accumulate.
+    op.create_index("ix_tickers_untracked_on", "tickers", ["untracked_on"])
+
+
+def downgrade() -> None:
+    # Dropping the column re-admits every untracked symbol to the live path.
+    # The rows and their history survive either way; that is the whole point.
+    op.drop_index("ix_tickers_untracked_on", table_name="tickers")
+    op.drop_column("tickers", "untracked_on")

alembic/versions/036_universe_membership.py

@@ -0,0 +1,116 @@
+"""Record universe membership, tracking ownership and operator preference
+
+Revision ID: 036
+Revises: 035
+Create Date: 2026-09-07 00:00:00.000000
+
+Migration 035 separated "stopped trading" from "stopped scanning". This
+separates three more things that were still conflated:
+
+  universe_memberships   which symbols the index actually contained, when
+  tickers.tracking_source who owns the row: a bootstrap, or an operator
+  tickers.scan_disabled_on the operator's own "stop scanning this"
+
+**Why the operator flag is a separate column.** ``untracked_on`` was written by
+both the prune and ``set_tracked``. With one column a prune -> re-entry cycle
+would clear an operator's explicit "off", because re-entry cannot tell which
+writer set it. Splitting them makes the two survivable independently.
+
+**Existing "off" states are carried over, not reinterpreted.** Any row that
+already has ``untracked_on`` set was written by one of those two callers and
+there is no way to tell which. Copying the date into ``scan_disabled_on`` is the
+conservative reading: a later sync clears ``untracked_on`` on re-entry but never
+touches ``scan_disabled_on``, so a symbol someone deliberately switched off
+cannot be reactivated by an automated run.
+
+**Existing rows default to ``manual``.** Provenance cannot be recovered from
+``created_at``, and ``manual`` is the fail-safe value: manual rows are never
+pruned, so a bad guess costs an un-pruned symbol rather than a symbol swept out
+of the scanner. New rows created by a bootstrap are stamped ``index``
+explicitly. Nothing ever converts ``manual`` to ``index`` — a hand-added symbol
+that later joins the index keeps its protection.
+
+Membership history starts at first observation. ``first_seen_on`` is the first
+date a live fetch actually listed the symbol, never a reconstructed index
+effective date; earlier membership is simply unknown.
+"""
+from typing import Sequence, Union
+
+from alembic import op
+import sqlalchemy as sa
+
+
+revision: str = "036"
+down_revision: Union[str, None] = "035"
+branch_labels: Union[str, Sequence[str], None] = None
+depends_on: Union[str, Sequence[str], None] = None
+
+
+def upgrade() -> None:
+    op.add_column("tickers", sa.Column("scan_disabled_on", sa.Date(), nullable=True))
+    op.create_index("ix_tickers_scan_disabled_on", "tickers", ["scan_disabled_on"])
+    op.add_column(
+        "tickers",
+        sa.Column(
+            "tracking_source",
+            sa.String(length=16),
+            nullable=False,
+            server_default="manual",
+        ),
+    )
+
+    # Every pre-existing row is treated as manually tracked: unprunable until a
+    # bootstrap has had a chance to claim the ones it owns.
+    op.execute("UPDATE tickers SET tracking_source = 'manual'")
+    # Preserve any existing "off" so an automated sync cannot reactivate it.
+    op.execute(
+        "UPDATE tickers SET scan_disabled_on = untracked_on "
+        "WHERE untracked_on IS NOT NULL"
+    )
+
+    op.create_table(
+        "universe_memberships",
+        sa.Column("id", sa.Integer(), primary_key=True),
+        sa.Column(
+            "ticker_id",
+            sa.Integer(),
+            sa.ForeignKey("tickers.id", ondelete="CASCADE"),
+            nullable=False,
+        ),
+        sa.Column("universe", sa.String(length=20), nullable=False),
+        sa.Column("first_seen_on", sa.Date(), nullable=False),
+        # NULL == still observed. Closing sets this and retains the row; a
+        # re-entry inserts a new one.
+        sa.Column("absent_since", sa.Date(), nullable=True),
+        sa.Column(
+            "created_at",
+            sa.DateTime(timezone=True),
+            server_default=sa.func.now(),
+            nullable=False,
+        ),
+    )
+    op.create_index(
+        "ix_universe_memberships_ticker_universe",
+        "universe_memberships",
+        ["ticker_id", "universe"],
+    )
+    op.create_index(
+        "ix_universe_memberships_universe_seen",
+        "universe_memberships",
+        ["universe", "absent_since"],
+    )
+
+
+def downgrade() -> None:
+    # Membership history is observation-only and cannot be reconstructed once
+    # dropped; the ticker rows and their price history are untouched either way.
+    op.drop_index(
+        "ix_universe_memberships_universe_seen", table_name="universe_memberships"
+    )
+    op.drop_index(
+        "ix_universe_memberships_ticker_universe", table_name="universe_memberships"
+    )
+    op.drop_table("universe_memberships")
+    op.drop_column("tickers", "tracking_source")
+    op.drop_index("ix_tickers_scan_disabled_on", table_name="tickers")
+    op.drop_column("tickers", "scan_disabled_on")

app/models/__init__.py

@@ -18,6 +18,7 @@ from app.models.regime_fundamental_observation import RegimeFundamentalObservati
 from app.models.benchmark_price import BenchmarkPrice
 from app.models.signal_context_snapshot import SignalContextSnapshot
 from app.models.system_event import SystemEvent
+from app.models.universe_membership import UniverseMembership
 from app.models.sec_filing_gap import SecFilingGap
 from app.models.job_run_state import JobRunState
 
@@ -46,4 +47,5 @@ __all__ = [
     "SystemEvent",
     "SecFilingGap",
     "JobRunState",
+    "UniverseMembership",
 ]

app/models/ticker.py

@@ -28,6 +28,32 @@ class Ticker(Base):
     delisted_on: Mapped[date | None] = mapped_column(Date, nullable=True, index=True)
     # How we learned: "form_25" (SEC confirmed), "manual" (operator).
     delisted_reason: Mapped[str | None] = mapped_column(String(32), nullable=True)
+    # The sibling of delisted_on, and the distinction matters: delisted means the
+    # security stopped trading; untracked means it still trades and a prune took
+    # it out of the scanner. Both retain every row — the delete this replaced
+    # cascaded away exactly the history a survivorship-honest backtest needs.
+    #
+    # This records *exclusion by pruning*, NOT current index membership. The
+    # scheduled sync runs prune_missing=False, so a symbol can have left the
+    # index and still be scanned; the two states legitimately differ. Membership
+    # itself lives in universe_memberships.
+    #
+    # active_only filters on it; the backtest's universe query deliberately does
+    # not, so today's scanner state cannot erase yesterday's candidates.
+    untracked_on: Mapped[date | None] = mapped_column(Date, nullable=True, index=True)
+    # The operator's own "stop scanning this", kept apart from the prune flag on
+    # purpose. If one column served both, a prune -> re-entry cycle would clear
+    # an explicit operator "off", because re-entry cannot tell which writer set
+    # it. Only set_tracked writes this; no bootstrap ever clears it.
+    scan_disabled_on: Mapped[date | None] = mapped_column(Date, nullable=True, index=True)
+    # Who owns this row's tracking: "index" (created by a universe bootstrap) or
+    # "manual" (an operator added it). Pruning only ever touches index-owned
+    # rows. Ownership is sticky towards manual — a bootstrap must never convert
+    # manual to index, or a hand-added symbol that happens to join the index
+    # would lose its protection when it later leaves.
+    tracking_source: Mapped[str] = mapped_column(
+        String(16), nullable=False, server_default="manual", default="manual"
+    )
     created_at: Mapped[datetime] = mapped_column(
         DateTime(timezone=True), default=datetime.utcnow, nullable=False
     )
@@ -43,3 +69,4 @@ class Ticker(Base):
     watchlist_entries = relationship("WatchlistEntry", back_populates="ticker", cascade="all, delete-orphan")
     ingestion_progress = relationship("IngestionProgress", back_populates="ticker", cascade="all, delete-orphan", uselist=False)
     earnings_events = relationship("EarningsEvent", back_populates="ticker", cascade="all, delete-orphan")
+    universe_memberships = relationship("UniverseMembership", back_populates="ticker", cascade="all, delete-orphan")

app/models/universe_membership.py

@@ -0,0 +1,59 @@
+from datetime import date, datetime
+
+from sqlalchemy import Date, DateTime, ForeignKey, Index, String
+from sqlalchemy.orm import Mapped, mapped_column, relationship
+
+from app.database import Base
+
+
+class UniverseMembership(Base):
+    """One observed interval of a symbol's membership in an index universe.
+
+    Append-only. A symbol that leaves and returns has two rows, so a
+    point-in-time query for the gap between them correctly answers "not a
+    member" — reopening the original row would erase that.
+
+    **Observed, not asserted.** ``first_seen_on`` is the first date a live
+    universe fetch actually listed the symbol, not the date it joined the index.
+    Anything earlier is unknown, and this table never guesses: the removals list
+    reconstructed by hand in ``scripts/data/sp500_removals.json`` stays a
+    research artifact rather than a seed.
+
+    Membership is independent of *tracking ownership* (``Ticker.tracking_source``)
+    and of whether the symbol is scanned. A manually added symbol that happens to
+    be an index constituent gets intervals like any other; being untracked or
+    scan-disabled does not close one.
+    """
+
+    __tablename__ = "universe_memberships"
+    __table_args__ = (
+        Index("ix_universe_memberships_ticker_universe", "ticker_id", "universe"),
+        # "Who was a member of U at date D" — the point-in-time query.
+        Index("ix_universe_memberships_universe_seen", "universe", "absent_since"),
+    )
+
+    id: Mapped[int] = mapped_column(primary_key=True)
+    ticker_id: Mapped[int] = mapped_column(
+        ForeignKey("tickers.id", ondelete="CASCADE"), nullable=False
+    )
+    # "sp500" | "nasdaq100" | "nasdaq_all" — a symbol can belong to several.
+    universe: Mapped[str] = mapped_column(String(20), nullable=False)
+    # The first observation that listed this symbol. INCLUSIVE lower bound. Not
+    # the date it joined the index — that is unknown and never guessed.
+    first_seen_on: Mapped[date] = mapped_column(Date, nullable=False)
+    # The first observation that found the symbol ABSENT — hence the name. It is
+    # *not* "last seen present": the symbol was present at every observation
+    # before this one and absent at this one, so it is an EXCLUSIVE upper bound.
+    # NULL means still present at the most recent observation.
+    #
+    #   member on D  <=>  first_seen_on <= D < absent_since (or absent_since IS NULL)
+    #
+    # The real departure lies somewhere in (previous observation, absent_since];
+    # with a daily sync that is a day, and with a missed week it is a week. The
+    # column records when we LOOKED, which is the only thing actually known.
+    absent_since: Mapped[date | None] = mapped_column(Date, nullable=True)
+    created_at: Mapped[datetime] = mapped_column(
+        DateTime(timezone=True), default=datetime.utcnow, nullable=False
+    )
+
+    ticker = relationship("Ticker", back_populates="universe_memberships")

app/routers/tickers.py

@@ -6,7 +6,12 @@ from sqlalchemy.ext.asyncio import AsyncSession
 from app.dependencies import get_db, require_access
 from app.models.user import User
 from app.schemas.common import APIEnvelope
-from app.schemas.ticker import TickerCreate, TickerDelistingUpdate, TickerResponse
+from app.schemas.ticker import (
+    TickerCreate,
+    TickerDelistingUpdate,
+    TickerResponse,
+    TickerTrackingUpdate,
+)
 from app.services import ticker_service
 
 router = APIRouter(tags=["tickers"])
@@ -18,7 +23,23 @@ async def create_ticker(
     _user: User = Depends(require_access),
     db: AsyncSession = Depends(get_db),
 ):
-    """Add a new ticker to the registry."""
+    """Add a ticker to the registry, or claim an existing index-owned one.
+
+    Responses:
+
+    - **New symbol** — created as manually tracked and returned.
+    - **Existing, index-owned** — 200 with the existing row, now marked manually
+      tracked. Not a 409: the operator is saying "keep this stock", and refusing
+      while leaving it prunable would defeat the protection they just asked for.
+      Ownership only ever moves towards manual, so a bootstrap cannot take it
+      back when the symbol next joins the index.
+    - **Existing, already manual** — 409 Duplicate. Nothing left to change.
+
+    Claiming never clears ``scan_disabled_on`` or ``untracked_on``: wanting a
+    stock kept is not the same as asking for it to be scanned, and silently
+    re-enabling something switched off by hand would undo a decision nobody
+    revisited. ``POST /tickers/{symbol}/tracking`` is the explicit control.
+    """
     ticker = await ticker_service.add_ticker(db, body.symbol)
     return APIEnvelope(
         status="success",
@@ -70,6 +91,24 @@ async def mark_ticker_delisted(
     return APIEnvelope(status="success", data={"changed": changed})
 
 
+@router.post("/tickers/{symbol}/tracking", response_model=APIEnvelope)
+async def set_ticker_tracking(
+    symbol: str,
+    body: TickerTrackingUpdate,
+    _user: User = Depends(require_access),
+    db: AsyncSession = Depends(get_db),
+):
+    """Include or exclude one symbol from scanning, keeping its history.
+
+    Untracking is not delisting — the security still trades, we just stop
+    scanning it. The case this exists for: a manually added symbol no provider
+    can serve, which would otherwise sit in the universe forever producing no
+    bars and flagging every backtest as incomplete.
+    """
+    changed = await ticker_service.set_tracked(db, symbol, tracked=body.tracked)
+    return APIEnvelope(status="success", data={"changed": changed})
+
+
 @router.delete("/tickers/{symbol}/delisting", response_model=APIEnvelope)
 async def clear_ticker_delisting(
     symbol: str,

app/schemas/ticker.py

@@ -27,3 +27,13 @@ class TickerDelistingUpdate(BaseModel):
     delisted_on: date = Field(
         ..., description="Effective date the symbol stopped trading"
     )
+
+
+class TickerTrackingUpdate(BaseModel):
+    tracked: bool = Field(
+        ...,
+        description=(
+            "True to scan this symbol, False to exclude it from the live path. "
+            "History is retained either way — this is not a delisting."
+        ),
+    )

app/services/ticker_service.py

@@ -16,6 +16,13 @@ logger = logging.getLogger(__name__)
 REASON_FORM_25 = "form_25"   # SEC Form 25/25-NSE/15 confirmed the exchange exit
 REASON_MANUAL = "manual"     # an operator decided
 
+# Ticker.tracking_source — who owns this row's presence in the tracked set.
+# Ownership is sticky towards manual: a bootstrap creates ``index`` rows and an
+# operator's add claims a row as ``manual``, but nothing ever converts manual
+# back. Only index-owned rows are prunable.
+SOURCE_INDEX = "index"
+SOURCE_MANUAL = "manual"
+
 # How long a symbol must be without bars before we spend an SEC request asking
 # whether it delisted. Guards against a market-data outage probing the whole
 # universe at once; a real delisting is still stale days later.
@@ -43,21 +50,42 @@ def _sec_client_factory():
 
 
 def active_only(stmt, *, as_of: date | None = None):
-    """Restrict a Ticker query to symbols that still trade.
+    """Restrict a Ticker query to symbols in today's live signal path.
+
+    Three independent ways to leave it, and they mean different things:
+
+    ``delisted_on``       the security stopped trading
+    ``untracked_on``      a prune excluded it from scanning
+    ``scan_disabled_on``  an operator switched it off by hand
+
+    Any one of them excludes a symbol here. None deletes anything — the rows and
+    their history stay, which is what a survivorship-honest backtest needs.
+
+    ``untracked_on`` is not "no longer an index constituent": the scheduled sync
+    runs ``prune_missing=False``, so a symbol can have left the index and still
+    be scanned. Membership lives in ``universe_memberships`` and is not consulted
+    here — this stays a pure column filter so it costs nothing on the ~8 live
+    call sites that use it.
 
     Opt-in on purpose rather than folded into a shared getter: list and admin
-    views deliberately keep delisted rows so the delisting is *visible*, which a
+    views deliberately keep both kinds of row so the state is *visible*, which a
     silent default would undo. Apply this on the live signal path — scanning,
-    ranking, scoring, breadth, ingestion — and nowhere else.
+    ranking, scoring, breadth, ingestion — and nowhere else. In particular the
+    backtest's universe query must NOT use it: today's membership would silently
+    erase yesterday's candidates.
 
     ``delisted_on`` is an *effective* date, and a Form 25 is known ten days
     before it takes effect, so a future date must not drop the symbol yet — it
-    is still trading and still worth scanning and ingesting. Compared in SQL
+    is still trading and still worth scanning and ingesting. The other two read
-    against the database's own date; ``as_of`` overrides it for tests.
+    the same way, so ``as_of`` answers "what was in the scanner then?" for all
+    three rather than only one. Compared in SQL against the database's own date;
+    ``as_of`` overrides it for tests.
     """
     cutoff = func.current_date() if as_of is None else as_of
     return stmt.where(
-        or_(Ticker.delisted_on.is_(None), Ticker.delisted_on > cutoff)
+        or_(Ticker.delisted_on.is_(None), Ticker.delisted_on > cutoff),
+        or_(Ticker.untracked_on.is_(None), Ticker.untracked_on > cutoff),
+        or_(Ticker.scan_disabled_on.is_(None), Ticker.scan_disabled_on > cutoff),
     )
 
 
@@ -78,10 +106,27 @@ async def add_ticker(db: AsyncSession, symbol: str) -> Ticker:
         )
 
     result = await db.execute(select(Ticker).where(Ticker.symbol == normalised))
-    if result.scalar_one_or_none() is not None:
+    existing = result.scalar_one_or_none()
-        raise DuplicateError(f"Ticker already exists: {normalised}")
+    if existing is not None:
+        if existing.tracking_source == SOURCE_MANUAL:
+            raise DuplicateError(f"Ticker already exists: {normalised}")
+        # An explicit manual add of an index-owned symbol claims it: the operator
+        # wants this stock kept regardless of the index, so it must stop being
+        # prunable. Ownership only ever moves towards manual — a bootstrap never
+        # moves it back, or the protection would evaporate the moment the symbol
+        # rejoined the index.
+        #
+        # Deliberately does not touch scan_disabled_on or untracked_on: claiming
+        # ownership is not the same as asking for it to be scanned, and silently
+        # re-enabling something switched off by hand would undo a decision
+        # nobody revisited. ``set_tracked`` is the explicit control for that.
+        existing.tracking_source = SOURCE_MANUAL
+        await db.commit()
+        await db.refresh(existing)
+        logger.info("ticker %s claimed as manually tracked", normalised)
+        return existing
 
-    ticker = Ticker(symbol=normalised)
+    ticker = Ticker(symbol=normalised, tracking_source=SOURCE_MANUAL)
     db.add(ticker)
     await db.commit()
     await db.refresh(ticker)
@@ -229,6 +274,45 @@ async def confirm_delisting(
     return known
 
 
+async def set_tracked(db: AsyncSession, symbol: str, *, tracked: bool) -> bool:
+    """Include or exclude one symbol from the live path. True if it changed.
+
+    The per-symbol counterpart to ``bootstrap_universe(prune_missing=True)``,
+    which can only act on the whole universe at once — and would sweep every
+    manually added symbol along with it, since a manual add is by definition not
+    in the fetched constituent list.
+
+    Switching off is not delisting: the security still trades, we just stop
+    scanning it. Use this for a symbol that cannot produce data (no provider
+    coverage) or that an operator simply does not want scanned. The rows and
+    their history stay either way, so a backtest still sees them — untracking is
+    not a way to make a coverage gap disappear from the completeness report.
+
+    Writes ``scan_disabled_on``, never ``untracked_on``: the operator's decision
+    has to survive a prune -> re-entry cycle, which clears the prune flag.
+    """
+    normalised = symbol.strip().upper()
+    result = await db.execute(select(Ticker).where(Ticker.symbol == normalised))
+    ticker = result.scalar_one_or_none()
+    if ticker is None:
+        raise NotFoundError(f"Ticker not found: {normalised}")
+    if (ticker.scan_disabled_on is None) == tracked:
+        return False
+
+    await db.execute(
+        update(Ticker)
+        .where(Ticker.id == ticker.id)
+        # Stamped by the database for the same reason bootstrap_universe does:
+        # active_only compares it against func.current_date().
+        .values(scan_disabled_on=None if tracked else func.current_date())
+    )
+    await db.commit()
+    logger.info(
+        "ticker %s scanning %s", normalised, "enabled" if tracked else "disabled"
+    )
+    return True
+
+
 async def clear_delisted(db: AsyncSession, symbol: str) -> bool:
     """Un-retire a symbol. True if it had been marked.
 

app/services/ticker_universe_service.py

@@ -12,17 +12,18 @@ import logging
 import os
 import re
 from collections.abc import Iterable
-from datetime import datetime, timezone
+from datetime import date, datetime, timezone
 from pathlib import Path
 
 import httpx
-from sqlalchemy import delete, select
+from sqlalchemy import func, or_, select, update
 from sqlalchemy.ext.asyncio import AsyncSession
 
 from app.config import settings
 from app.exceptions import ProviderError, ValidationError
 from app.models.ticker import Ticker
-from app.services import settings_store
+from app.models.universe_membership import UniverseMembership
+from app.services import settings_store, ticker_service
 
 logger = logging.getLogger(__name__)
 
@@ -333,6 +334,114 @@ async def backfill_ticker_names(db: AsyncSession, *, only_missing: bool = True)
     return {"updated": updated, "checked": len(targets), "unmatched": len(targets) - updated}
 
 
+# Sources that represent an actual look at the index today. A ``cache`` or
+# ``seed`` result means the live fetch FAILED — the seed lists are ~44 symbols,
+# so treating one as an observation would close ~460 memberships on a network
+# blip. Membership is only ever recorded from a live read.
+LIVE_UNIVERSE_SOURCES = frozenset({
+    "wikipedia_sp500", "wikipedia_nasdaq100", "nasdaq_trader", "public",
+})
+
+
+async def members_on(db: AsyncSession, universe: str, as_of: date) -> list[str]:
+    """Which symbols were observed in *universe* on *as_of*, alphabetically.
+
+    The point-in-time question item 3 exists to answer, with the interval
+    boundaries written down once as code rather than re-derived at each call
+    site:
+
+        member on D  <=>  first_seen_on <= D < absent_since (or absent_since IS NULL)
+
+    Lower bound inclusive, upper bound exclusive. ``absent_since`` is the first
+    observation that found the symbol *gone*, so on that date it was already
+    absent.
+
+    **This is observation history, not index history.** A date before the first
+    successful live sync returns an empty list — that is "we were not looking",
+    not "the index was empty", and the caller has to know the difference. The
+    reconstructed removals in ``scripts/data/sp500_removals.json`` are research
+    data and deliberately do not seed this table.
+    """
+    rows = await db.execute(
+        select(Ticker.symbol)
+        .join(UniverseMembership, UniverseMembership.ticker_id == Ticker.id)
+        .where(
+            UniverseMembership.universe == universe,
+            UniverseMembership.first_seen_on <= as_of,
+            or_(
+                UniverseMembership.absent_since.is_(None),
+                UniverseMembership.absent_since > as_of,
+            ),
+        )
+        .order_by(Ticker.symbol)
+    )
+    return list(rows.scalars().all())
+
+
+async def _observe_membership(
+    db: AsyncSession, universe: str, present: set[str]
+) -> dict[str, int]:
+    """Record what a live universe fetch just saw. Returns opened/closed counts.
+
+    Runs on every sync, not only when pruning: the scheduled job uses
+    ``prune_missing=False``, so membership recorded only on manual prunes would
+    be full of holes. Recording membership and deciding what to scan are
+    separate concerns, and this is the recording one — it never touches
+    ``untracked_on``, ``scan_disabled_on`` or ``tracking_source``, and it applies
+    to manually tracked symbols exactly as it does to index-owned ones.
+
+    Intervals are append-only. A symbol that leaves and returns gets a second
+    row, so a point-in-time query for the gap answers "not a member"; reopening
+    the first row would erase that.
+
+    Dates come from the database (``current_date``), matching every other date
+    this module writes. ``first_seen_on`` is the first *observation*, not an
+    index effective date — anything earlier is unknown and is not guessed.
+    """
+    rows = (await db.execute(
+        select(Ticker.id, Ticker.symbol).where(Ticker.symbol.in_(present))
+    )).all()
+    ticker_ids = {symbol: tid for tid, symbol in rows}
+
+    open_rows = (await db.execute(
+        select(UniverseMembership.ticker_id, Ticker.symbol)
+        .join(Ticker, Ticker.id == UniverseMembership.ticker_id)
+        .where(
+            UniverseMembership.universe == universe,
+            UniverseMembership.absent_since.is_(None),
+        )
+    )).all()
+    open_symbols = {symbol for _, symbol in open_rows}
+
+    opened = 0
+    for symbol in sorted(present - open_symbols):
+        ticker_id = ticker_ids.get(symbol)
+        if ticker_id is None:
+            continue
+        db.add(UniverseMembership(
+            ticker_id=ticker_id,
+            universe=universe,
+            first_seen_on=func.current_date(),
+        ))
+        opened += 1
+
+    departed_ids = [tid for tid, symbol in open_rows if symbol not in present]
+    closed = 0
+    if departed_ids:
+        result = await db.execute(
+            update(UniverseMembership)
+            .where(
+                UniverseMembership.universe == universe,
+                UniverseMembership.absent_since.is_(None),
+                UniverseMembership.ticker_id.in_(departed_ids),
+            )
+            .values(absent_since=func.current_date())
+        )
+        closed = int(result.rowcount or 0)
+
+    return {"opened": opened, "closed": closed}
+
+
 async def bootstrap_universe(
     db: AsyncSession,
     universe: str,
@@ -341,42 +450,98 @@ async def bootstrap_universe(
 ) -> dict[str, int | str]:
     """Upsert ticker universe into tracked tickers.
 
-    Returns summary counts for added/existing/deleted symbols.
+    ``prune_missing`` marks symbols no longer in the universe as untracked; it
+    never deletes them. "Not in today's scanner" and "not stored for historical
+    analysis" are different states, and conflating them is what makes a universe
+    quietly become the survivors. Symbols that have rejoined the universe have
+    the mark cleared and return to the live path with their history intact.
+
+    Returns summary counts for added / already-tracked / untracked / retracked.
     """
     normalised_universe = _validate_universe(universe)
     symbols, source = await fetch_universe_symbols(db, normalised_universe)
 
+    # A cache or seed result means the live fetch FAILED. The seed lists are ~44
+    # symbols against a ~500-symbol universe, so treating one as the truth would
+    # untrack the entire index on a single network blip. Nothing that acts on
+    # "this symbol is/isn't in the index" may run on fallback data: not pruning,
+    # not clearing a prune flag, not recording membership. Adding is the one
+    # exception — it destroys nothing and is what lets a cold start bootstrap
+    # from seeds.
+    observed = source in LIVE_UNIVERSE_SOURCES
+
     existing_rows = await db.execute(select(Ticker.symbol))
     existing_symbols = set(existing_rows.scalars().all())
     target_symbols = set(symbols)
 
     symbols_to_add = sorted(target_symbols - existing_symbols)
-    symbols_to_delete = sorted(existing_symbols - target_symbols) if prune_missing else []
+
+    # Only index-owned rows are prunable. A manual addition is by definition not
+    # in the constituent list, so without this filter every hand-added symbol
+    # would be swept by any prune.
+    prunable = set() if not (prune_missing and observed) else set((
+        await db.execute(
+            select(Ticker.symbol).where(
+                Ticker.symbol.in_(existing_symbols - target_symbols),
+                Ticker.tracking_source == ticker_service.SOURCE_INDEX,
+            )
+        )
+    ).scalars().all())
+    symbols_to_untrack = sorted(prunable)
+    kept_manual = (
+        sorted((existing_symbols - target_symbols) - prunable)
+        if (prune_missing and observed) else []
+    )
 
     for symbol in symbols_to_add:
-        db.add(Ticker(symbol=symbol))
+        db.add(Ticker(symbol=symbol, tracking_source=ticker_service.SOURCE_INDEX))
 
-    deleted_count = 0
+    # A symbol that has returned to the index must rejoin the live path. It is
-    skipped_delisted: list[str] = []
+    # already in ``existing_symbols``, so it is neither added nor untracked here
-    if symbols_to_delete:
+    # — without this it would keep the flag from its earlier removal and stay
-        # A delisted row was retained on purpose — its price history is exactly
+    # invisible to the scanner forever, with nothing to show why.
-        # what a survivorship-honest backtest needs, and the delete cascades it
+    #
-        # away. Pruning must not undo that. (Pruning a symbol that is merely no
+    # Clears the prune flag ONLY. ``scan_disabled_on`` is the operator's own
-        # longer an index constituent still destroys history; that needs a
+    # decision and no automated run may undo it: a symbol someone switched off
-        # tracked/membership state separate from delisting.)
+    # by hand must stay off across a prune -> re-entry cycle. Nor does this touch
-        protected = (
+    # ``tracking_source`` — a manual row that joins the index stays manual, or it
-            await db.execute(
+    # would lose its protection the next time it left.
-                select(Ticker.symbol).where(
+    retracked_count = 0
-                    Ticker.symbol.in_(symbols_to_delete),
+    if observed:
-                    Ticker.delisted_on.is_not(None),
+        retracked = await db.execute(
-                )
+            update(Ticker)
-            )
+            .where(Ticker.symbol.in_(target_symbols), Ticker.untracked_on.is_not(None))
-        ).scalars().all()
+            .values(untracked_on=None)
-        skipped_delisted = sorted(protected)
+        )
-        deletable = [s for s in symbols_to_delete if s not in set(protected)]
+        retracked_count = int(retracked.rowcount or 0)
-        if deletable:
+
-            result = await db.execute(delete(Ticker).where(Ticker.symbol.in_(deletable)))
+    untracked_count = 0
-            deleted_count = int(result.rowcount or 0)
+    if symbols_to_untrack:
+        # Marked, never deleted. The delete this replaced cascaded through
+        # OHLCV, setups and scores, which is precisely the history a
+        # survivorship-honest backtest needs — see migration 035. Rows already
+        # carrying a mark keep their original date rather than being re-stamped
+        # on every bootstrap.
+        #
+        # Stamped by the database, not date.today(): active_only compares this
+        # against func.current_date(), and a process in a timezone ahead of the
+        # database would otherwise write a date that reads as "effective
+        # tomorrow" and leave the symbol in the scanner for a day. Same clock on
+        # both sides by construction.
+        result = await db.execute(
+            update(Ticker)
+            .where(Ticker.symbol.in_(symbols_to_untrack), Ticker.untracked_on.is_(None))
+            .values(untracked_on=func.current_date())
+        )
+        untracked_count = int(result.rowcount or 0)
+
+    # Membership is observed on every live sync, independent of pruning and of
+    # who owns the row. A failed fetch must never close a membership.
+    membership = (
+        await _observe_membership(db, normalised_universe, target_symbols)
+        if observed
+        else {"opened": 0, "closed": 0}
+    )
 
     await db.commit()
 
@@ -393,10 +558,29 @@ async def bootstrap_universe(
         "total_universe_symbols": len(symbols),
         "added": len(symbols_to_add),
         "already_tracked": len(target_symbols & existing_symbols),
-        "deleted": deleted_count,
+        # Always 0. Kept so a caller reading this key is told plainly that
+        # pruning no longer destroys rows, rather than seeing the old key vanish
+        # and assuming nothing happened — or worse, seeing a count under
+        # "deleted" that now means something else entirely.
+        "deleted": 0,
+        "untracked": untracked_count,
+        "untracked_symbols": symbols_to_untrack[:50],
+        # Symbols that rejoined the index and were returned to the live path.
+        "retracked": retracked_count,
+        # Absent from the universe but manually owned, so a prune left them
+        # alone. The operator asked for these by hand.
+        "kept_manual": kept_manual[:50],
+        "kept_manual_count": len(kept_manual),
         "added_symbols": symbols_to_add[:50],
-        # Delisted rows a prune declined to destroy, so the caller can see the
+        # Membership observation is skipped entirely on a cache/seed fallback,
-        # count did not match what they asked to remove.
+        # so the caller can tell "nothing changed" from "we never looked".
-        "kept_delisted": skipped_delisted[:50],
+        "membership_observed": observed,
-        "kept_delisted_count": len(skipped_delisted),
+        "membership_opened": membership["opened"],
+        "membership_closed": membership["closed"],
+        "prune_note": (
+            "Pruning marks untracked_on and never deletes: the rows keep their "
+            "bars, setups and scores so historical backtests stay honest. "
+            "Untracked symbols leave the scanner, rankings and ingestion. "
+            "Manually added symbols are never pruned."
+        ),
     }

docs/data-reliability.md

@@ -0,0 +1,380 @@
+# Data reliability
+
+Three changes that make the platform's data trustworthy rather than faster or
+more profitable. They came out of the [integrity
+experiments](data-integrity-plan.md), which turned up two problems worth fixing
+on their own:
+
+- Changing the stock universe **materially changes results** — Arm A 2.09 Sharpe
+  / 51.6% CAGR against Arm B 1.57 / 38.1% over the same window, from universe
+  composition alone ([survivorship audit](research/survivorship-audit.md)).
+- **Missing data quietly produces a seemingly successful backtest.** Found while
+  running Step 3a: a snapshot whose schema predated migrations 026/032 made every
+  `_fetch_columns` call raise `no such column: tickers.cik`, both dispatch paths
+  caught the per-ticker exception and continued, and the run wrote a complete
+  report with zero candidates. Nothing in the report or the UI said the run had
+  lost its entire universe.
+
+| # | Change | Status |
+|---|---|---|
+| 1 | Make incomplete backtests visibly incomplete | **done** — 2026-09-07 |
+| 2 | Preserve history when a stock leaves the tracked universe | **done** — 2026-09-07 |
+| 3 | Record universe membership by effective date | **done** — 2026-09-07 |
+
+---
+
+## 1. Make incomplete backtests visibly incomplete — done
+
+The replay loop is deliberately fault-tolerant: one unreadable ticker must not
+abort a 500-symbol run. That is right for the run and wrong for its report,
+which had no way to say how much of the universe it actually covered. A run that
+lost every ticker and a run that honestly found no setups produced the same
+report.
+
+### What the report now carries
+
+`run_backtest` builds a `_DataQuality` ledger
+(`app/services/backtest_service.py`) and emits it as `report["data_quality"]`:
+
+```json
+{
+  "status": "failed",
+  "complete": false,
+  "reasons": ["no symbol was evaluated successfully", "506 symbols failed to load"],
+  "expected": 506, "loaded": 0, "evaluated": 0,
+  "no_data": 0, "no_data_symbols": [], "short_history": 0,
+  "failed": 506,
+  "failures_by_stage": {"fetch": 506},
+  "failures": [{"symbol": "A", "stage": "fetch",
+                "error": "OperationalError: (sqlite3.OperationalError) no such column: tickers.cik"}],
+  "failures_truncated": true,
+  "benchmark": {"symbol": "SPY", "sessions": 1516,
+                "first": "2020-07-06", "last": "2026-07-17",
+                "momentum_basis": "residual", "error": null}
+}
+```
+
+**"Complete" means the processing and coverage checks passed** — every expected
+symbol loaded and evaluated, benchmark present. It does **not** mean the
+underlying prices are proven correct. A complete run over silently wrong bars is
+still complete; splits, adjustment drift and bad vendor prints are a different
+problem, and this ledger must not be read as clearing them. The card says so on
+the page, not only here.
+
+**The counters are self-checking.** Every universe symbol ends in exactly one of
+`no_data`, `failures` or `evaluated`, and `as_report` verifies
+`no_data + failed + evaluated == expected`. A ledger that stops balancing —
+because a counter was missed when a code path was added — reports itself as a
+failure rather than quietly under-counting. `short_history` is a *subset* of
+`evaluated` (loaded, but fewer than `MIN_LOOKBACK + HORIZON` bars, so no outcome
+can resolve), not a fourth bucket.
+
+**Benchmark availability is a separate axis.** Without SPY closes, residual 12-1
+momentum silently falls back to raw 12-1 — the gate stops being the production
+gate. The block records the basis actually used, so the degradation is on the
+report instead of only in a log line.
+
+### Three statuses, because severity differs
+
+| Status | Meaning | UI |
+|---|---|---|
+| `ok` | Every symbol evaluated, benchmark present | Normal |
+| `degraded` | The strategy is intact but ran on less than the whole universe | Tiles shown, banner above |
+| `failed` | The headline can't be read as the strategy it claims to be | **Tiles replaced by the callout** |
+
+`failed` means one of: nothing evaluated, an empty universe, an unbalanced
+ledger, or a missing benchmark. Blanket suppression on a single missing ticker
+would train the reader to ignore the banner, which is the failure mode this is
+supposed to fix.
+
+The callout **replaces** the performance tiles rather than sitting above them.
+A warning over ordinary-looking numbers is precisely how the zero-candidate run
+would still have read as a quiet week.
+
+### Where it shows
+
+- `BacktestDataQualityCard` in the backtest panel, with the failure list behind a
+  disclosure.
+- The "Last run" line now reads `505/506 tickers` — evaluated over expected, not
+  the universe size. "506 tickers" on a run that evaluated none was the
+  misleading part.
+- `productionBaseRates` returns `null` for a failed run, so per-ticker base rates
+  quoted next to a live setup — which carry no caveat of their own — disappear
+  rather than being sourced from a broken replay.
+- `EvaluationPanel` drops a failed run's expectancy as a drift baseline instead
+  of reporting "tracking" or "drift" against it.
+- **A report with no `data_quality` block reads as unknown, not clean.** Old
+  cached reports predate the check; defaulting them to complete would reproduce
+  the exact bug being fixed.
+
+### Acceptance evidence
+
+Both runs used `scripts/run_backtest_snapshot.py`.
+
+| Snapshot | Result |
+|---|---|
+| `survivorship-a.sqlite` (healthy) | `degraded` · 505/506 evaluated · 202,765 candidates · one bar-less row (RHM) |
+| the same file with `tickers.cik` dropped | `failed` · 0/506 evaluated · 506 fetch failures · 0 candidates |
+
+The broken-snapshot run is the one that matters: before this change it wrote a
+report that looked like an ordinary run with no setups.
+
+The healthy run is not `ok`, and that turned out to be correct. It flagged
+`no_data: 1` (RHM) and `short_history: 1` (SPCX, 14 bars), which an independent
+bar-count query confirms. Neither is new — Step 2 already recorded RHM as inert
+in `tr-rank-agreement.md`, which is why Step 3a generated candidates over 505 of
+506 tickers. The ledger derives it independently, from the run rather than from
+a hand-written note, which is the point: the same 506-vs-505 gap now appears on
+the report instead of only in a research write-up someone remembered to make.
+
+`prod.sqlite` has the same bar-less RHM row, so **production runs will report
+`degraded` too** until that universe row is cleared — which is item 2's
+territory. That is deliberate: silencing a bar-less universe row would let a
+wholesale import failure read as clean. The reason names the symbols so it is a
+one-line fix rather than a standing nag.
+
+Tests: `tests/unit/test_backtest_data_quality.py` (10, covering each status, the
+ledger identity, the failure cap, symbol naming and the benchmark axis) and four end-to-end
+cases in `tests/unit/test_backtest_service.py`, including every-ticker-fails and
+missing-benchmark.
+
+---
+
+## 2. Preserve history when a stock leaves the tracked universe — done
+
+`bootstrap_universe(prune_missing=True)` ran `DELETE FROM tickers`, cascading
+OHLCV, setups, scores and S/R levels away for any symbol that had merely dropped
+out of the index. Migration 032's own comment predicted it: *"Pruning a symbol
+that is merely no longer an index constituent still destroys history; that needs
+a tracked/membership state separate from delisting."*
+
+### The two states, kept apart
+
+Migration 035 adds `Ticker.untracked_on`, the sibling of `delisted_on`:
+
+| Column | Meaning |
+|---|---|
+| `delisted_on` | The security stopped trading |
+| `untracked_on` | It still trades; it left the index and we stopped scanning it |
+
+Neither deletes anything. `NULL` in both means "in today's live path".
+`active_only` — the single opt-in choke point already applied to scanning,
+ranking, scoring, breadth and ingestion — now filters on both, and honours
+`as_of` for both, so a historical query can still ask what was in the scanner on
+a given date.
+
+`prune_missing=True` now marks instead of deleting, and **clears the mark for
+symbols that have rejoined the universe**. That last part is the bug this
+refactor could have introduced: a returning name is already tracked, so it is
+neither added nor untracked, and without an explicit clear it would keep the
+flag from its earlier removal and stay invisible to the scanner forever.
+
+The `deleted` return key is now always `0` rather than repurposed — a caller
+reading `deleted: 12` must not be told rows were destroyed when they were not.
+`untracked`, `untracked_symbols` and `retracked` carry the real counts, and the
+admin toast reads "untracked N" instead of "deleted N".
+
+### Historical eligibility stays explicit
+
+The backtest's universe query is now `_load_backtest_symbols`, a named function
+whose docstring states that it deliberately does **not** use `active_only`.
+Today's membership flag must not erase yesterday's candidates: a replay grades
+what the strategy could have selected at each past date, so it must see symbols
+that have since been delisted or dropped out. "Fixing the inconsistency" by
+adding `active_only` there is exactly how survivorship bias gets reintroduced,
+which is why a test asserts the opposite.
+
+The one path that still really deletes is `DELETE /tickers/{symbol}` — an
+explicit operator action asking for exactly that. Pruning is not.
+
+### Untracking one symbol
+
+`POST /tickers/{symbol}/tracking` with `{"tracked": false}` excludes a single
+symbol from the live path, mirroring the delisting pair (both are API-only; no
+UI control exists for either). It exists because `prune_missing=True` can only
+act on the whole universe, and a manually added symbol is by definition *not* in
+the fetched constituent list — so a prune sweeps every manual addition along
+with the genuine leavers. Reversible with `{"tracked": true}`.
+
+The case it was built for: **RHM**. Added by hand on 2026-06-28 out of interest
+in the stock, it has produced zero rows in *every* ticker-linked table in the ten
+weeks since — no bars, no ingestion progress, no scores — and the Alpaca name
+backfill never resolved it. It is the only symbol in the universe that has
+produced nothing at all (BK, CTRA and SATS also lack Alpaca names but carry full
+history, so a missing name alone proves nothing). Rheinmetall is XETRA-listed, so
+a plain US `RHM` is not something the OHLCV provider can serve. An attempt to
+confirm this against Alpaca's asset API returned 401 for the AAPL control too,
+so the *identity* is unverified — the justification is the persistent absence of
+usable data, not a confirmed listing status or a delisting.
+
+**Untracking it does not clear the backtest's `degraded` flag, and must not.**
+The backtest deliberately includes untracked symbols, so RHM stays in the
+universe query, still returns no bars, and still counts in `no_data`. What
+untracking buys is narrower and still worth having: RHM leaves the scanner,
+ingestion and scoring, and the decision is recorded explicitly rather than
+sitting as an unexplained gap. Making the warning go away would mean changing
+historical eligibility to silence a real coverage gap — guarded by
+`test_untracking_does_not_clear_a_data_quality_warning`.
+
+Note what is *not* solved: a manual addition is still indistinguishable from a
+universe member, so a prune untracks it (non-destructively, and visibly via
+`untracked_symbols`, but silently in the sense that nobody asked). Recording
+*why* a symbol is tracked is item 3's job.
+
+### Tests
+
+`tests/unit/test_universe_membership.py` (12) covers the three behaviours
+together:
+
+1. Pruning preserves the symbol's bars **and** its linked records (S/R levels
+   are checked too, so the assertion is about the cascade, not just one table).
+2. The pruned symbol leaves `active_only` while staying visible in the registry.
+3. `_load_backtest_symbols` still returns it.
+
+Plus re-tracking, the mark not being re-stamped on a second prune (which would
+erase when the symbol actually left), and `as_of` working for both columns.
+a row carrying *both* marks (it left the index, then delisted), and a
+compilation guard asserting every `active_only` call site still receives both
+predicates ANDed — including `scheduler.py`'s, which chains `group_by`/`order_by`
+onto the result from outside. `tests/unit/test_migration_035.py` exercises the
+migration's upgrade and downgrade directly, including that existing rows default
+to NULL — an upgrade must not drop the whole universe out of the live path.
+
+One detail worth keeping: `untracked_on` is stamped by the **database**
+(`func.current_date()`), not `date.today()`. `active_only` compares it against
+`func.current_date()`, so a process in a timezone ahead of the database would
+otherwise write a date that reads as "effective tomorrow" and leave the symbol
+in the scanner for a day. Same clock on both sides by construction.
+
+## 3. Record universe membership by effective date — done
+
+Migration 036. Three things that were still conflated are now separate:
+
+| Concept | Where | Written by |
+|---|---|---|
+| Index membership, observed history | `universe_memberships` intervals | every **live** sync |
+| Excluded from scanning by a prune | `Ticker.untracked_on` | prune only |
+| Operator switched it off | `Ticker.scan_disabled_on` | `set_tracked` only |
+| Tracking ownership | `Ticker.tracking_source` | `add_ticker` / bootstrap |
+
+**Why the operator flag is its own column.** With one column serving both
+writers, a prune -> re-entry cycle would clear an explicit operator "off",
+because re-entry cannot tell who set it. Re-entry clears `untracked_on` and
+never touches `scan_disabled_on`.
+
+`active_only` now tests three columns and **stays join-free** — it is on ~8 live
+call sites, and the compilation guard asserts all three predicates land, ANDed,
+including at the call site that chains `group_by`/`order_by` on from outside.
+
+### `untracked_on` is not current membership
+
+It records *exclusion by pruning*. The scheduled sync runs
+`prune_missing=False`, so a symbol can have left the index and still be scanned;
+the two states legitimately differ, and nothing asserts they agree.
+
+### Tracking ownership is sticky towards manual
+
+`tracking_source` is `index` or `manual`. Prune touches only `index` rows, so
+**manual additions survive index pruning** — the RHM case.
+
+A bootstrap **never** converts `manual` to `index`. That direction looks harmless
+and is not: a hand-added symbol that happens to join the index would lose its
+protection the moment it left again, which is exactly when it is needed. Only
+new rows a bootstrap creates are stamped `index`; an explicit `add_ticker` on an
+existing index-owned symbol claims it as `manual`.
+
+`POST /tickers` therefore has three responses:
+
+| Case | Response |
+|---|---|
+| New symbol | Created as manually tracked |
+| Existing, index-owned | **200** with the existing row, now manually tracked |
+| Existing, already manual | 409 Duplicate |
+
+Claiming is not a 409 because the operator is saying "keep this stock", and
+refusing while leaving it prunable would defeat the protection they just asked
+for. It deliberately does not touch `scan_disabled_on` or `untracked_on` —
+wanting a stock kept is not the same as asking for it to be scanned, and
+silently re-enabling something switched off by hand would undo a decision nobody
+revisited. `POST /tickers/{symbol}/tracking` is the explicit control.
+
+### Membership is observed, never asserted
+
+`first_seen_on` is the first date a live fetch actually listed the symbol — not
+an index effective date. Anything earlier is unknown and is not guessed; the
+hand-reconstructed `scripts/data/sp500_removals.json` stays a research artifact.
+
+Intervals are append-only: departure sets `absent_since` and **retains the row**,
+and a re-entry inserts a new one. A symbol that left in March and returned in
+August has two intervals, so a point-in-time query for May correctly answers
+"not a member" — reopening the original row would erase that.
+
+**Boundaries, stated once.** The column is named `absent_since`, not
+`last_seen_on`, because it stores the first observation that found the symbol
+*gone* — on that date it was already absent:
+
+```
+member on D  <=>  first_seen_on <= D < absent_since  (or absent_since IS NULL)
+```
+
+Lower bound inclusive, upper bound exclusive. The real departure lies somewhere
+in `(previous observation, absent_since]` — a day with a daily sync, a week if a
+week was missed. The column records when we *looked*, which is the only thing
+actually known. `members_on(db, universe, as_of)` implements exactly this, so
+the rule lives in one place rather than being re-derived per call site.
+
+**A date before the first successful live sync returns an empty list.** That
+means "we were not looking", not "the index was empty", and a caller has to know
+the difference — answering with today's set would be precisely the survivorship
+error this exists to end.
+
+Recording runs on **every live sync**, independent of pruning and of who owns
+the row: the scheduled job uses `prune_missing=False`, so membership recorded
+only on manual prunes would be full of holes. Manually owned symbols get
+intervals like any other — membership and tracking ownership are independent
+axes. Switching off scanning does not close a membership; the index still
+contains the symbol, we simply stopped looking at it.
+
+**A failed fetch drives nothing at all.** `fetch_universe_symbols` falls back to
+a cached snapshot and then to a built-in seed list of ~44 symbols. Nothing that
+acts on "this symbol is or isn't in the index" may run on that data: not
+recording membership, **not pruning, and not clearing a prune flag**. Skipping
+only the membership write was half a safeguard — a seed fallback would still
+have untracked the rest of the universe, which a regression test caught
+(2 of 3 symbols untracked before the fix). Adding is the one exception: it
+destroys nothing and is what lets a cold start bootstrap from seeds. The summary
+reports `membership_observed: false` so a caller can tell "the index did not
+change" from "we never looked".
+
+### Migration decisions
+
+- **Existing rows become `manual`.** Provenance cannot be recovered from
+  `created_at`, and manual is fail-safe: a wrong guess costs an un-pruned symbol
+  rather than one swept out of the scanner. Bootstraps claim the ones they own
+  as they create them.
+- **Existing "off" states are carried into `scan_disabled_on`.** Whoever wrote an
+  existing `untracked_on` is ambiguous, and re-entry clears that column — so the
+  value is copied to the one no automated run touches. A symbol somebody
+  deliberately switched off cannot be reactivated by a sync.
+- **No history is backfilled.** The table starts empty; history begins at the
+  first observation.
+
+### Tests
+
+`test_universe_membership.py` (19) and `test_universe_membership_intervals.py`
+(14): manual additions survive a prune; a bootstrap never claims a manual row,
+including across a join-then-leave cycle; an explicit add claims an index-owned
+symbol without touching its switches; re-entry clears the prune flag but never
+the operator's; a live sync opens intervals without pruning; departure closes and
+re-entry appends; a cache/seed fallback records nothing, untracks nothing and
+clears no prune flag; membership is recorded for manual rows; switching off
+scanning does not close a membership; and the boundary rules — lower inclusive,
+upper exclusive, gaps are not membership, per-universe scoping, and pre-recording
+dates returning empty. `test_migration_036.py` (4) pins both migration judgement
+calls and the downgrade.
+
+The fixtures pass a **live** source label deliberately: a made-up one would now
+skip pruning entirely and make those tests vacuous.
+
+Backtest eligibility is unchanged — `_load_backtest_symbols` still returns every
+symbol with stored history, and untracking still cannot silence a coverage gap.

frontend/src/hooks/useAdmin.ts

@@ -274,7 +274,16 @@ export function useBootstrapTickers() {
       qc.invalidateQueries({ queryKey: ['admin', 'ticker-universe'] });
       addToast(
         'success',
-        `Bootstrap done (${result.source ?? 'unknown'}): +${result.added}, existing ${result.already_tracked}, deleted ${result.deleted}`
+        // "untracked", not "deleted": pruning leaves the rows and their history
+        // in place and only removes the symbol from the scanner.
+        `Bootstrap done (${result.source ?? 'unknown'}): +${result.added}, existing ${result.already_tracked}, untracked ${result.untracked ?? 0}`
+        + (result.retracked ? `, back in scanner ${result.retracked}` : '')
+        + (result.kept_manual_count ? `, kept manual ${result.kept_manual_count}` : '')
+        // A cache/seed fallback means the live fetch failed: say we never looked
+        // rather than letting it read as "the index did not change".
+        + (result.membership_observed === false
+          ? ' · membership not recorded (live fetch failed)'
+          : '')
         + (result.added_symbols?.length
           ? ` · added ${result.added_symbols.slice(0, 8).join(', ')}${result.added > 8 ? '…' : ''}`
           : ''),

tests/unit/test_migration_035.py

@@ -0,0 +1,86 @@
+"""Migration 035 adds the untracked flag and stays reversible.
+
+The downgrade matters more than usual here: dropping the column re-admits every
+untracked symbol to the live path, and the rows survive either way. A migration
+that could not roll back cleanly would make the prune change hard to undo on a
+deploy that went wrong.
+"""
+
+from __future__ import annotations
+
+import importlib.util
+from pathlib import Path
+
+import sqlalchemy as sa
+from alembic.migration import MigrationContext
+from alembic.operations import Operations
+
+
+def _load_migration_module():
+    path = (
+        Path(__file__).resolve().parents[2]
+        / "alembic"
+        / "versions"
+        / "035_ticker_untracked.py"
+    )
+    spec = importlib.util.spec_from_file_location("migration_035", path)
+    assert spec is not None and spec.loader is not None
+    module = importlib.util.module_from_spec(spec)
+    spec.loader.exec_module(module)
+    return module
+
+
+def _tickers_table(connection: sa.Connection) -> None:
+    connection.execute(sa.text(
+        """
+        CREATE TABLE tickers (
+            id INTEGER PRIMARY KEY,
+            symbol VARCHAR(10) NOT NULL,
+            delisted_on DATE
+        )
+        """
+    ))
+    connection.execute(sa.text(
+        "INSERT INTO tickers (id, symbol, delisted_on) VALUES (1, 'AAPL', NULL)"
+    ))
+
+
+def _columns(connection: sa.Connection) -> set[str]:
+    return {row[1] for row in connection.execute(sa.text("PRAGMA table_info(tickers)"))}
+
+
+def test_upgrade_adds_a_nullable_untracked_column_and_keeps_existing_rows():
+    migration = _load_migration_module()
+    engine = sa.create_engine("sqlite://")
+
+    with engine.begin() as connection:
+        _tickers_table(connection)
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.upgrade()
+
+        assert "untracked_on" in _columns(connection)
+        # Existing rows default to NULL, i.e. still in the scanner — an upgrade
+        # must not silently drop the whole universe out of the live path.
+        rows = connection.execute(
+            sa.text("SELECT symbol, untracked_on FROM tickers")
+        ).all()
+        assert rows == [("AAPL", None)]
+
+
+def test_downgrade_removes_the_column_without_touching_the_rows():
+    migration = _load_migration_module()
+    engine = sa.create_engine("sqlite://")
+
+    with engine.begin() as connection:
+        _tickers_table(connection)
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.upgrade()
+        connection.execute(sa.text(
+            "UPDATE tickers SET untracked_on = '2026-09-07' WHERE symbol = 'AAPL'"
+        ))
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.downgrade()
+
+        assert "untracked_on" not in _columns(connection)
+        # The ticker itself survives the rollback with its identity intact.
+        assert connection.execute(sa.text("SELECT symbol FROM tickers")).all() == [("AAPL",)]

tests/unit/test_migration_036.py

@@ -0,0 +1,132 @@
+"""Migration 036: provenance, the operator switch, and membership intervals.
+
+The migration makes two irreversible-feeling judgement calls, and both need to
+be pinned:
+
+1. **Existing rows become ``manual``.** Provenance cannot be recovered from
+   ``created_at``, and manual is the fail-safe guess — manual rows are never
+   pruned, so a wrong guess costs an un-pruned symbol rather than one swept out
+   of the scanner.
+2. **Existing "off" states are carried into ``scan_disabled_on``.** Whoever set
+   ``untracked_on`` is ambiguous, and re-entry clears the prune flag. Copying it
+   is what stops an automated sync reactivating something switched off by hand.
+"""
+
+from __future__ import annotations
+
+import importlib.util
+from pathlib import Path
+
+import sqlalchemy as sa
+from alembic.migration import MigrationContext
+from alembic.operations import Operations
+
+
+def _load_migration_module():
+    path = (
+        Path(__file__).resolve().parents[2]
+        / "alembic"
+        / "versions"
+        / "036_universe_membership.py"
+    )
+    spec = importlib.util.spec_from_file_location("migration_036", path)
+    assert spec is not None and spec.loader is not None
+    module = importlib.util.module_from_spec(spec)
+    spec.loader.exec_module(module)
+    return module
+
+
+def _tickers_table(connection: sa.Connection) -> None:
+    """The schema as migration 035 leaves it."""
+    connection.execute(sa.text(
+        """
+        CREATE TABLE tickers (
+            id INTEGER PRIMARY KEY,
+            symbol VARCHAR(10) NOT NULL,
+            delisted_on DATE,
+            untracked_on DATE
+        )
+        """
+    ))
+    connection.execute(sa.text(
+        "INSERT INTO tickers (id, symbol, delisted_on, untracked_on) VALUES "
+        "(1, 'AAPL', NULL, NULL), "
+        "(2, 'OFF', NULL, '2026-08-01')"
+    ))
+
+
+def _columns(connection: sa.Connection, table: str) -> set[str]:
+    return {row[1] for row in connection.execute(sa.text(f"PRAGMA table_info({table})"))}
+
+
+def test_upgrade_defaults_existing_rows_to_manual():
+    migration = _load_migration_module()
+    engine = sa.create_engine("sqlite://")
+
+    with engine.begin() as connection:
+        _tickers_table(connection)
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.upgrade()
+
+        rows = dict(connection.execute(
+            sa.text("SELECT symbol, tracking_source FROM tickers")
+        ).all())
+        assert rows == {"AAPL": "manual", "OFF": "manual"}
+
+
+def test_upgrade_carries_an_existing_off_state_into_the_operator_switch():
+    migration = _load_migration_module()
+    engine = sa.create_engine("sqlite://")
+
+    with engine.begin() as connection:
+        _tickers_table(connection)
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.upgrade()
+
+        rows = dict(connection.execute(
+            sa.text("SELECT symbol, scan_disabled_on FROM tickers")
+        ).all())
+        # The ambiguous existing "off" is preserved on the column no sync clears.
+        assert rows["OFF"] == "2026-08-01"
+        # A row that was never off stays on.
+        assert rows["AAPL"] is None
+
+
+def test_upgrade_creates_the_membership_table_empty():
+    migration = _load_migration_module()
+    engine = sa.create_engine("sqlite://")
+
+    with engine.begin() as connection:
+        _tickers_table(connection)
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.upgrade()
+
+        assert {"ticker_id", "universe", "first_seen_on", "absent_since"} <= _columns(
+            connection, "universe_memberships"
+        )
+        # History starts at first observation — the migration invents none.
+        count = connection.execute(
+            sa.text("SELECT COUNT(*) FROM universe_memberships")
+        ).scalar_one()
+        assert count == 0
+
+
+def test_downgrade_removes_the_new_state_and_keeps_the_tickers():
+    migration = _load_migration_module()
+    engine = sa.create_engine("sqlite://")
+
+    with engine.begin() as connection:
+        _tickers_table(connection)
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.upgrade()
+        with Operations.context(MigrationContext.configure(connection)):
+            migration.downgrade()
+
+        columns = _columns(connection, "tickers")
+        assert "tracking_source" not in columns
+        assert "scan_disabled_on" not in columns
+        # 035's column and the rows themselves are untouched.
+        assert "untracked_on" in columns
+        assert connection.execute(
+            sa.text("SELECT symbol FROM tickers ORDER BY symbol")
+        ).all() == [("AAPL",), ("OFF",)]

tests/unit/test_ticker_delisting.py

@@ -347,26 +347,37 @@ def test_common_stock_classification(description: str, expected: bool):
     assert _is_common_stock(description) is expected
 
 
-async def test_prune_keeps_delisted_rows(session: AsyncSession, monkeypatch):
+async def test_prune_keeps_every_row(session: AsyncSession, monkeypatch):
-    """A prune must not destroy rows the delisting flow deliberately retained —
+    """A prune destroys nothing at all now — not the delisted row it always
-    their price history is the whole reason those rows still exist."""
+    protected, and not the ex-constituent it used to delete outright."""
     from app.services import ticker_universe_service as tus
 
-    session.add_all([Ticker(symbol="AAPL"), Ticker(symbol="EA"), Ticker(symbol="GONE")])
+    session.add_all([
+        Ticker(symbol=s, tracking_source=ticker_service.SOURCE_INDEX)
+        for s in ("AAPL", "EA", "GONE")
+    ])
     await session.commit()
     await ticker_service.mark_delisted(session, "EA", delisted_on=date(2026, 8, 14))
 
     async def fake_fetch(db, universe):
-        return ["AAPL"], "test"
+        # A live source label: pruning only acts on a successful fetch.
+        return ["AAPL"], "wikipedia_sp500"
 
     monkeypatch.setattr(tus, "fetch_universe_symbols", fake_fetch)
 
     summary = await tus.bootstrap_universe(session, "sp500", prune_missing=True)
 
     remaining = sorted(t.symbol for t in await ticker_service.list_tickers(session))
-    assert remaining == ["AAPL", "EA"]  # GONE pruned, EA protected
+    assert remaining == ["AAPL", "EA", "GONE"]
-    assert summary["deleted"] == 1
+    assert summary["deleted"] == 0
-    assert summary["kept_delisted"] == ["EA"]
+    assert summary["untracked"] == 2
+
+    # Both leave the live path, by different routes: EA stopped trading, GONE
+    # merely left the index.
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL"]
 
 
 async def test_a_future_effective_date_keeps_the_symbol_live(session: AsyncSession):

tests/unit/test_ticker_universe_service.py

@@ -12,7 +12,7 @@ from sqlalchemy.ext.asyncio import AsyncSession, async_sessionmaker, create_asyn
 from app.database import Base
 from app.models.settings import SystemSetting
 from app.models.ticker import Ticker
-from app.services import ticker_universe_service
+from app.services import ticker_service, ticker_universe_service
 from app.services.ticker_universe_service import _extract_wiki_symbols, _normalise_symbols
 
 _engine = create_async_engine("sqlite+aiosqlite://", echo=False)
@@ -58,11 +58,17 @@ async def test_bootstrap_universe_adds_missing_symbols(session: AsyncSession, mo
 
 @pytest.mark.asyncio
 async def test_bootstrap_universe_prunes_missing_symbols(session: AsyncSession, monkeypatch: pytest.MonkeyPatch):
-    session.add_all([Ticker(symbol="AAPL"), Ticker(symbol="MSFT"), Ticker(symbol="TSLA")])
+    # Index-owned: a row defaults to manual, and manual rows are never pruned.
+    session.add_all([
+        Ticker(symbol=s, tracking_source=ticker_service.SOURCE_INDEX)
+        for s in ("AAPL", "MSFT", "TSLA")
+    ])
     await session.commit()
 
     async def _fake_fetch(_db: AsyncSession, _universe: str) -> tuple[list[str], str]:
-        return ["AAPL", "MSFT"], "test"
+        # A live source label: a fallback result must not drive pruning, so a
+        # made-up label would make this test vacuous.
+        return ["AAPL", "MSFT"], "wikipedia_sp500"
 
     monkeypatch.setattr(ticker_universe_service, "fetch_universe_symbols", _fake_fetch)
 
@@ -74,10 +80,18 @@ async def test_bootstrap_universe_prunes_missing_symbols(session: AsyncSession,
 
     assert result["added"] == 0
     assert result["already_tracked"] == 2
-    assert result["deleted"] == 1
+    assert result["untracked"] == 1
+    assert result["untracked_symbols"] == ["TSLA"]
+    # Nothing is destroyed any more, and the key says so rather than vanishing.
+    assert result["deleted"] == 0
 
+    # The row survives the prune; only its scanner membership changed.
     rows = await session.execute(select(Ticker.symbol).order_by(Ticker.symbol.asc()))
-    assert list(rows.scalars().all()) == ["AAPL", "MSFT"]
+    assert list(rows.scalars().all()) == ["AAPL", "MSFT", "TSLA"]
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol.asc()))
+    )
+    assert list(live.scalars().all()) == ["AAPL", "MSFT"]
 
 
 @pytest.mark.asyncio

tests/unit/test_universe_membership.py

@@ -0,0 +1,477 @@
+"""Scanner membership and retained history are separate states.
+
+`bootstrap_universe(prune_missing=True)` used to run `DELETE FROM tickers`,
+cascading OHLCV, setups and scores away for any symbol that had merely dropped
+out of the index. The survivorship audit measured the cost of that: restoring 85
+removed constituents moved the same window from 2.09 Sharpe / 51.6% CAGR to 1.57
+/ 38.1%.
+
+Three properties have to hold together, and the third is the one nobody would
+think to check:
+
+1. Pruning preserves the symbol's bars and its linked records.
+2. The pruned symbol leaves today's scanner and rankings.
+3. The backtest's universe query still returns it — today's membership flag must
+   not silently erase yesterday's candidates.
+"""
+
+from __future__ import annotations
+
+from collections.abc import AsyncGenerator
+from datetime import date, timedelta
+
+import pytest
+from sqlalchemy import select
+from sqlalchemy.ext.asyncio import AsyncSession, async_sessionmaker, create_async_engine
+
+from app.database import Base
+from app.models.ohlcv import OHLCVRecord
+from app.models.sr_level import SRLevel
+from app.models.ticker import Ticker
+from app.services import ticker_service
+from app.services import ticker_universe_service as tus
+
+# Own engine, like the sibling delisting tests: these exercise schema-level
+# behaviour (a new column, a cascade that must NOT fire) and want a clean slate.
+_engine = create_async_engine("sqlite+aiosqlite://", echo=False)
+_session_factory = async_sessionmaker(_engine, class_=AsyncSession, expire_on_commit=False)
+
+
+@pytest.fixture(autouse=True)
+async def _setup_tables() -> AsyncGenerator[None, None]:
+    async with _engine.begin() as conn:
+        await conn.run_sync(Base.metadata.create_all)
+    yield
+    async with _engine.begin() as conn:
+        await conn.run_sync(Base.metadata.drop_all)
+
+
+@pytest.fixture
+async def session() -> AsyncGenerator[AsyncSession, None]:
+    async with _session_factory() as s:
+        yield s
+
+
+async def _seed(session: AsyncSession) -> None:
+    """Two index-owned constituents, one about to leave with history.
+
+    ``tracking_source`` is explicit: a row defaults to ``manual``, and manual
+    rows are never pruned, so a fixture that omitted it would silently test
+    nothing.
+    """
+    session.add_all([
+        Ticker(symbol="AAPL", tracking_source=ticker_service.SOURCE_INDEX),
+        Ticker(symbol="LEAVER", tracking_source=ticker_service.SOURCE_INDEX),
+    ])
+    await session.flush()
+
+    leaver = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "LEAVER"))
+    ).scalar_one()
+    start = date(2026, 1, 5)
+    for i in range(10):
+        session.add(OHLCVRecord(
+            ticker_id=leaver.id,
+            date=start + timedelta(days=i),
+            open=100.0, high=101.0, low=99.0, close=100.5, volume=1_000_000,
+        ))
+    session.add(SRLevel(
+        ticker_id=leaver.id, price_level=95.0, type="support", strength=70,
+        detection_method="swing",
+    ))
+    await session.commit()
+
+
+async def _prune_to(session: AsyncSession, monkeypatch, keep: list[str]) -> dict:
+    async def fake_fetch(db, universe):
+        # A LIVE source label: pruning and re-entry act only on a successful
+        # fetch, so a made-up label would silently make these tests vacuous.
+        return keep, "wikipedia_sp500"
+
+    monkeypatch.setattr(tus, "fetch_universe_symbols", fake_fetch)
+    return await tus.bootstrap_universe(session, "sp500", prune_missing=True)
+
+
+async def test_pruning_preserves_bars_and_linked_records(session: AsyncSession, monkeypatch):
+    await _seed(session)
+    summary = await _prune_to(session, monkeypatch, ["AAPL"])
+
+    assert summary["untracked"] == 1
+    assert summary["untracked_symbols"] == ["LEAVER"]
+    assert summary["deleted"] == 0
+
+    leaver = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "LEAVER"))
+    ).scalar_one_or_none()
+    assert leaver is not None, "the row itself must survive the prune"
+    # The database stamps this (see bootstrap_universe), and SQLite's
+    # CURRENT_DATE is UTC while date.today() is local — so allow the one-day
+    # window rather than making this fail around midnight.
+    assert leaver.untracked_on is not None
+    assert abs((leaver.untracked_on - date.today()).days) <= 1
+    # Untracked is not delisted: the security still trades.
+    assert leaver.delisted_on is None
+
+    bars = (await session.execute(
+        select(OHLCVRecord).where(OHLCVRecord.ticker_id == leaver.id)
+    )).scalars().all()
+    assert len(bars) == 10, "the delete used to cascade these away"
+
+    levels = (await session.execute(
+        select(SRLevel).where(SRLevel.ticker_id == leaver.id)
+    )).scalars().all()
+    assert len(levels) == 1, "every cascade relationship must survive, not just bars"
+
+
+async def test_a_pruned_symbol_leaves_the_live_path(session: AsyncSession, monkeypatch):
+    await _seed(session)
+    await _prune_to(session, monkeypatch, ["AAPL"])
+
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL"]
+
+    # ...while the registry still shows it, so the state is visible rather than
+    # silently absent.
+    everything = await session.execute(select(Ticker.symbol).order_by(Ticker.symbol))
+    assert list(everything.scalars().all()) == ["AAPL", "LEAVER"]
+
+
+async def test_todays_membership_does_not_erase_yesterdays_candidates(
+    session: AsyncSession, monkeypatch
+):
+    """The backtest replays stored history, so it must see every symbol that has
+    bars — including ones that have since left the index. This guards
+    ``backtest_service``'s bare universe query: "fixing the inconsistency" by
+    adding ``active_only`` there is exactly how survivorship bias gets
+    reintroduced.
+    """
+    await _seed(session)
+    await _prune_to(session, monkeypatch, ["AAPL"])
+
+    from app.services import backtest_service as bt
+
+    symbols = await bt._load_backtest_symbols(session)
+    assert "LEAVER" in symbols, (
+        "the backtest universe must include untracked symbols — their bars are "
+        "exactly the history that keeps a replay survivorship-honest"
+    )
+    assert symbols == ["AAPL", "LEAVER"]
+
+
+async def test_a_symbol_returning_to_the_index_rejoins_the_scanner(
+    session: AsyncSession, monkeypatch
+):
+    """Re-tracking is the failure this refactor could introduce: a returning
+    symbol is already tracked, so it is neither added nor untracked, and without
+    an explicit clear it would keep its old mark and stay invisible forever."""
+    await _seed(session)
+    await _prune_to(session, monkeypatch, ["AAPL"])
+
+    summary = await _prune_to(session, monkeypatch, ["AAPL", "LEAVER"])
+    assert summary["retracked"] == 1
+    assert summary["added"] == 0, "the row was never deleted, so there is nothing to add"
+
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL", "LEAVER"]
+
+    leaver = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "LEAVER"))
+    ).scalar_one()
+    assert leaver.untracked_on is None
+    bars = (await session.execute(
+        select(OHLCVRecord).where(OHLCVRecord.ticker_id == leaver.id)
+    )).scalars().all()
+    assert len(bars) == 10, "it rejoins with its history, not as a blank new row"
+
+
+async def test_a_second_prune_does_not_restamp_the_date(session: AsyncSession, monkeypatch):
+    """The mark records when the symbol left, so a daily bootstrap must not keep
+    moving it forward — that would erase the only record of when it happened."""
+    await _seed(session)
+    await _prune_to(session, monkeypatch, ["AAPL"])
+
+    leaver = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "LEAVER"))
+    ).scalar_one()
+    leaver.untracked_on = date(2026, 1, 15)
+    await session.commit()
+
+    summary = await _prune_to(session, monkeypatch, ["AAPL"])
+    assert summary["untracked"] == 0, "already-marked rows are not re-marked"
+
+    await session.refresh(leaver)
+    assert leaver.untracked_on == date(2026, 1, 15)
+
+
+@pytest.mark.parametrize("column", ["delisted_on", "untracked_on", "scan_disabled_on"])
+async def test_as_of_answers_what_was_live_then_for_both_columns(
+    session: AsyncSession, column: str
+):
+    """``as_of`` exists so a historical query can ask what was live at a date.
+    An untracked clause that ignored it would break that for the new column."""
+    session.add(Ticker(symbol="AAPL"))
+    session.add(Ticker(symbol="LEFT", **{column: date(2026, 6, 1)}))
+    await session.commit()
+
+    before = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol), as_of=date(2026, 5, 1))
+    )
+    assert sorted(before.scalars().all()) == ["AAPL", "LEFT"]
+
+    after = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol), as_of=date(2026, 7, 1))
+    )
+    assert sorted(after.scalars().all()) == ["AAPL"]
+
+
+async def test_a_symbol_can_be_both_untracked_and_delisted(session: AsyncSession):
+    """The state a name reaches when it leaves the index and later stops
+    trading. The two clauses are independent, so this must not double-count or
+    resurrect it."""
+    session.add(Ticker(
+        symbol="BOTH", untracked_on=date(2026, 3, 1), delisted_on=date(2026, 6, 1)
+    ))
+    session.add(Ticker(symbol="AAPL"))
+    await session.commit()
+
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol), as_of=date(2026, 7, 1))
+    )
+    assert sorted(live.scalars().all()) == ["AAPL"]
+
+    # Before either date it was still in the live path.
+    early = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol), as_of=date(2026, 1, 1))
+    )
+    assert sorted(early.scalars().all()) == ["AAPL", "BOTH"]
+
+    # Between them: out of the scanner already, but not yet delisted.
+    between = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol), as_of=date(2026, 4, 1))
+    )
+    assert sorted(between.scalars().all()) == ["AAPL"]
+
+
+def test_every_active_only_call_site_carries_both_predicates():
+    """``active_only`` grew from one ``.where()`` to two. Call sites that chain
+    ``group_by``/``order_by`` onto its result, or pass multi-column selects,
+    must still get both clauses ANDed — a silently dropped predicate would put
+    untracked symbols back in the live path with nothing to show for it.
+    """
+    from sqlalchemy import case, func
+    from sqlalchemy.dialects import postgresql
+
+    from app.models.ohlcv import OHLCVRecord
+
+    latest = func.max(OHLCVRecord.date)
+    call_sites = {
+        # scheduler.py _get_all_tickers
+        "plain": select(Ticker.symbol).order_by(Ticker.symbol),
+        # sec_universe.py — multi-column select
+        "multi_column": select(Ticker.id, Ticker.symbol, Ticker.cik),
+        # rr_scanner_service.py — whole-entity select
+        "entity": select(Ticker).order_by(Ticker.symbol),
+    }
+    compiled = {
+        name: " ".join(str(
+            ticker_service.active_only(stmt).compile(dialect=postgresql.dialect())
+        ).split())
+        for name, stmt in call_sites.items()
+    }
+    # scheduler.py _get_ohlcv_priority_tickers chains OUTSIDE the call.
+    compiled["chained"] = " ".join(str(
+        ticker_service.active_only(
+            select(Ticker.symbol).outerjoin(OHLCVRecord, OHLCVRecord.ticker_id == Ticker.id)
+        )
+        .group_by(Ticker.id, Ticker.symbol)
+        .order_by(case((latest.is_(None), 0), else_=1).asc(), Ticker.symbol.asc())
+        .compile(dialect=postgresql.dialect())
+    ).split())
+
+    for name, sql in compiled.items():
+        assert "tickers.delisted_on IS NULL" in sql, name
+        assert "tickers.untracked_on IS NULL" in sql, name
+        assert "tickers.scan_disabled_on IS NULL" in sql, name
+        # ANDed together, not collapsed into one OR that would let either alone
+        # re-admit the symbol.
+        assert ") AND (" in sql[sql.index("WHERE"):], name
+
+
+async def test_a_symbol_can_be_untracked_individually(session: AsyncSession):
+    """The case RHM is: a manually added symbol no provider can serve. Without a
+    per-symbol control the only way to untrack it is a whole-universe prune,
+    which would sweep every other manual addition with it."""
+    await _seed(session)
+
+    changed = await ticker_service.set_tracked(session, "LEAVER", tracked=False)
+    assert changed is True
+
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL"]
+
+    leaver = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "LEAVER"))
+    ).scalar_one()
+    # The operator's switch, not the prune flag: it has to survive a
+    # prune -> re-entry cycle, which clears untracked_on.
+    assert leaver.scan_disabled_on is not None
+    assert leaver.untracked_on is None
+    # Switching off is not delisting; the security still trades.
+    assert leaver.delisted_on is None
+    bars = (await session.execute(
+        select(OHLCVRecord).where(OHLCVRecord.ticker_id == leaver.id)
+    )).scalars().all()
+    assert len(bars) == 10
+
+
+async def test_setting_tracking_is_idempotent_and_reversible(session: AsyncSession):
+    await _seed(session)
+
+    assert await ticker_service.set_tracked(session, "LEAVER", tracked=False) is True
+    assert await ticker_service.set_tracked(session, "LEAVER", tracked=False) is False
+
+    assert await ticker_service.set_tracked(session, "LEAVER", tracked=True) is True
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL", "LEAVER"]
+
+
+async def test_untracking_an_unknown_symbol_raises(session: AsyncSession):
+    from app.exceptions import NotFoundError
+
+    with pytest.raises(NotFoundError):
+        await ticker_service.set_tracked(session, "NOPE", tracked=False)
+
+
+async def test_untracking_does_not_clear_a_data_quality_warning(session: AsyncSession):
+    """Untracking is not a way to silence the completeness check.
+
+    The backtest deliberately includes untracked symbols, so an untracked ticker
+    with no bars still counts in ``no_data`` and still reports ``degraded``. If
+    it did not, "untrack it" would become a way to make coverage gaps disappear
+    from the report — which is the exact failure the ledger exists to prevent.
+    """
+    from app.services import backtest_service as bt
+
+    session.add_all([Ticker(symbol="AAPL"), Ticker(symbol="NOBARS")])
+    await session.commit()
+    await ticker_service.set_tracked(session, "NOBARS", tracked=False)
+
+    # Still in the backtest universe...
+    assert await bt._load_backtest_symbols(session) == ["AAPL", "NOBARS"]
+    # ...and still unreadable, so still a coverage gap.
+    assert await bt._fetch_columns(session, "NOBARS") is None
+
+    quality = bt._DataQuality(expected=2, evaluated=1)
+    quality.no_data_symbols.append("NOBARS")
+    quality.record_benchmark({date(2026, 1, 5): 470.0}, None)
+    report = quality.as_report()
+
+    assert report["status"] == "degraded"
+    assert report["no_data_symbols"] == ["NOBARS"]
+    assert "1 symbol had no stored bars (NOBARS)" in report["reasons"]
+
+
+# ---------------------------------------------------------------------------
+# Tracking ownership (item 3)
+# ---------------------------------------------------------------------------
+
+
+async def test_a_manual_addition_survives_index_pruning(session: AsyncSession, monkeypatch):
+    """The RHM case. A hand-added symbol is by definition absent from the
+    constituent list, so without the ownership filter every prune would sweep
+    it."""
+    await _seed(session)
+    session.add(Ticker(symbol="MINE", tracking_source=ticker_service.SOURCE_MANUAL))
+    await session.commit()
+
+    summary = await _prune_to(session, monkeypatch, ["AAPL"])
+
+    assert summary["untracked_symbols"] == ["LEAVER"]
+    assert summary["kept_manual"] == ["MINE"]
+    assert summary["kept_manual_count"] == 1
+
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL", "MINE"]
+
+
+async def test_a_bootstrap_never_converts_a_manual_row_to_index_owned(
+    session: AsyncSession, monkeypatch
+):
+    """Ownership is sticky towards manual. If a bootstrap could claim a manual
+    row just because the symbol joined the index, the protection would vanish
+    the moment it left again — which is exactly when it is needed."""
+    await _seed(session)
+    session.add(Ticker(symbol="MINE", tracking_source=ticker_service.SOURCE_MANUAL))
+    await session.commit()
+
+    # MINE joins the index.
+    await _prune_to(session, monkeypatch, ["AAPL", "MINE"])
+    mine = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "MINE"))
+    ).scalar_one()
+    assert mine.tracking_source == ticker_service.SOURCE_MANUAL
+
+    # ...and later leaves it again. Still protected.
+    summary = await _prune_to(session, monkeypatch, ["AAPL"])
+    assert summary["kept_manual"] == ["MINE"]
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL", "MINE"]
+
+
+async def test_a_manual_add_claims_an_index_owned_symbol(session: AsyncSession):
+    """An explicit "I want this stock" has to stop it being prunable."""
+    await _seed(session)
+
+    claimed = await ticker_service.add_ticker(session, "leaver")
+    assert claimed.tracking_source == ticker_service.SOURCE_MANUAL
+
+    # Claiming ownership is not the same as asking for it to be scanned, so the
+    # off-switches are left exactly as they were.
+    assert claimed.scan_disabled_on is None
+    assert claimed.untracked_on is None
+
+
+async def test_adding_an_already_manual_symbol_still_raises(session: AsyncSession):
+    from app.exceptions import DuplicateError
+
+    await _seed(session)
+    await ticker_service.add_ticker(session, "LEAVER")
+    with pytest.raises(DuplicateError):
+        await ticker_service.add_ticker(session, "LEAVER")
+
+
+async def test_re_entry_clears_the_prune_flag_but_never_the_operator_switch(
+    session: AsyncSession, monkeypatch
+):
+    """The conflation bug the extra column exists to prevent: one column serving
+    both writers means a prune -> re-entry cycle silently re-enables a symbol
+    somebody deliberately switched off."""
+    await _seed(session)
+    await ticker_service.set_tracked(session, "LEAVER", tracked=False)
+
+    await _prune_to(session, monkeypatch, ["AAPL"])          # leaves the index
+    summary = await _prune_to(session, monkeypatch, ["AAPL", "LEAVER"])  # returns
+
+    assert summary["retracked"] == 1
+    leaver = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "LEAVER"))
+    ).scalar_one()
+    assert leaver.untracked_on is None, "the prune flag is cleared by re-entry"
+    assert leaver.scan_disabled_on is not None, "the operator's switch is not"
+
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL"]

tests/unit/test_universe_membership_intervals.py

@@ -0,0 +1,284 @@
+"""Observed membership intervals.
+
+The table answers "what could the strategy actually have selected on date D?"
+Three properties make that answer trustworthy:
+
+1. History starts at the first *observation*. Nothing invents an index effective
+   date for a symbol that was already tracked when recording began.
+2. Intervals are append-only. Leaving and returning produces two rows, so a
+   point-in-time query for the gap correctly answers "not a member".
+3. A failed universe fetch records nothing. The seed fallback is ~44 symbols, so
+   treating it as an observation would close ~460 memberships on a network blip.
+"""
+
+from __future__ import annotations
+
+from collections.abc import AsyncGenerator
+from datetime import date
+
+import pytest
+from sqlalchemy import select
+from sqlalchemy.ext.asyncio import AsyncSession, async_sessionmaker, create_async_engine
+
+from app.database import Base
+from app.models.ticker import Ticker
+from app.models.universe_membership import UniverseMembership
+from app.services import ticker_service
+from app.services import ticker_universe_service as tus
+
+_engine = create_async_engine("sqlite+aiosqlite://", echo=False)
+_session_factory = async_sessionmaker(_engine, class_=AsyncSession, expire_on_commit=False)
+
+
+@pytest.fixture(autouse=True)
+async def _setup_tables() -> AsyncGenerator[None, None]:
+    async with _engine.begin() as conn:
+        await conn.run_sync(Base.metadata.create_all)
+    yield
+    async with _engine.begin() as conn:
+        await conn.run_sync(Base.metadata.drop_all)
+
+
+@pytest.fixture
+async def session() -> AsyncGenerator[AsyncSession, None]:
+    async with _session_factory() as s:
+        yield s
+
+
+async def _sync(session, monkeypatch, symbols: list[str], *, source: str = "wikipedia_sp500",
+                prune: bool = False) -> dict:
+    async def fake_fetch(db, universe):
+        return symbols, source
+
+    monkeypatch.setattr(tus, "fetch_universe_symbols", fake_fetch)
+    return await tus.bootstrap_universe(session, "sp500", prune_missing=prune)
+
+
+async def _intervals(session, symbol: str) -> list[tuple]:
+    rows = (await session.execute(
+        select(UniverseMembership.first_seen_on, UniverseMembership.absent_since)
+        .join(Ticker, Ticker.id == UniverseMembership.ticker_id)
+        .where(Ticker.symbol == symbol)
+        .order_by(UniverseMembership.id)
+    )).all()
+    return [tuple(r) for r in rows]
+
+
+async def test_a_live_sync_opens_intervals_without_pruning(session: AsyncSession, monkeypatch):
+    """The scheduled job runs prune_missing=False. If membership were only
+    recorded on prunes the history would be full of holes."""
+    summary = await _sync(session, monkeypatch, ["AAPL", "MSFT"])
+
+    assert summary["membership_observed"] is True
+    assert summary["membership_opened"] == 2
+    assert summary["membership_closed"] == 0
+    assert summary["untracked"] == 0, "recording membership is not pruning"
+
+    intervals = await _intervals(session, "AAPL")
+    assert len(intervals) == 1
+    first_seen, last_seen = intervals[0]
+    assert last_seen is None, "an open interval means still observed"
+    assert abs((first_seen - date.today()).days) <= 1
+
+
+async def test_a_second_sync_does_not_duplicate_an_open_interval(
+    session: AsyncSession, monkeypatch
+):
+    await _sync(session, monkeypatch, ["AAPL"])
+    summary = await _sync(session, monkeypatch, ["AAPL"])
+
+    assert summary["membership_opened"] == 0
+    assert len(await _intervals(session, "AAPL")) == 1
+
+
+async def test_leaving_closes_the_interval_and_returning_opens_a_new_one(
+    session: AsyncSession, monkeypatch
+):
+    await _sync(session, monkeypatch, ["AAPL", "LEAVER"])
+    closing = await _sync(session, monkeypatch, ["AAPL"])
+    assert closing["membership_closed"] == 1
+
+    intervals = await _intervals(session, "LEAVER")
+    assert len(intervals) == 1
+    assert intervals[0][1] is not None, "departure closes the interval"
+
+    returning = await _sync(session, monkeypatch, ["AAPL", "LEAVER"])
+    assert returning["membership_opened"] == 1
+
+    intervals = await _intervals(session, "LEAVER")
+    assert len(intervals) == 2, "re-entry appends; it does not reopen"
+    assert intervals[0][1] is not None, "the earlier interval keeps its end date"
+    assert intervals[1][1] is None
+
+
+async def test_a_failed_fetch_records_nothing(session: AsyncSession, monkeypatch):
+    """A cache or seed result means the live fetch failed. The seed list is a
+    fraction of the real universe — closing memberships from it would rewrite
+    history on a network blip."""
+    await _sync(session, monkeypatch, ["AAPL", "MSFT"])
+
+    for failed_source in ("cache", "seed"):
+        summary = await _sync(session, monkeypatch, ["AAPL"], source=failed_source)
+        assert summary["membership_observed"] is False
+        assert summary["membership_closed"] == 0
+        assert summary["membership_opened"] == 0
+
+    # MSFT's membership is untouched: we never looked, so we know nothing new.
+    msft = await _intervals(session, "MSFT")
+    assert len(msft) == 1
+    assert msft[0][1] is None, "still open — a failed fetch is not a departure"
+
+
+async def test_membership_is_recorded_for_manual_rows_too(session: AsyncSession, monkeypatch):
+    """Membership and tracking ownership are independent axes: a manually owned
+    symbol that is genuinely in the index still gets intervals."""
+    session.add(Ticker(symbol="MINE", tracking_source=ticker_service.SOURCE_MANUAL))
+    await session.commit()
+
+    await _sync(session, monkeypatch, ["AAPL", "MINE"])
+
+    mine = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "MINE"))
+    ).scalar_one()
+    assert mine.tracking_source == ticker_service.SOURCE_MANUAL
+    assert len(await _intervals(session, "MINE")) == 1
+
+
+async def test_switching_off_scanning_does_not_close_a_membership(
+    session: AsyncSession, monkeypatch
+):
+    """The index still contains the symbol; we simply stopped looking at it.
+    Conflating those would corrupt the point-in-time answer."""
+    await _sync(session, monkeypatch, ["AAPL", "MSFT"])
+    await ticker_service.set_tracked(session, "MSFT", tracked=False)
+
+    summary = await _sync(session, monkeypatch, ["AAPL", "MSFT"])
+    assert summary["membership_closed"] == 0
+    assert (await _intervals(session, "MSFT"))[0][1] is None
+
+
+async def test_pruning_does_not_close_a_membership_by_itself(
+    session: AsyncSession, monkeypatch
+):
+    """Closing happens because the symbol was absent from a live list, not
+    because a prune ran — the two just usually coincide."""
+    await _sync(session, monkeypatch, ["AAPL", "LEAVER"])
+    session.add(Ticker(symbol="MINE", tracking_source=ticker_service.SOURCE_MANUAL))
+    await session.commit()
+
+    summary = await _sync(session, monkeypatch, ["AAPL"], prune=True)
+    # LEAVER closed because it was absent; MINE never had an interval to close.
+    assert summary["membership_closed"] == 1
+    assert await _intervals(session, "MINE") == []
+
+
+async def test_a_failed_fetch_does_not_untrack_anything(session: AsyncSession, monkeypatch):
+    """The seed fallback is ~44 symbols against a ~500-symbol universe. Pruning
+    from it would untrack the entire index on a single network blip — skipping
+    membership recording is only half the safeguard."""
+    session.add_all([
+        Ticker(symbol=s, tracking_source=ticker_service.SOURCE_INDEX)
+        for s in ("AAPL", "MSFT", "NVDA")
+    ])
+    await session.commit()
+
+    summary = await _sync(session, monkeypatch, ["AAPL"], source="seed", prune=True)
+
+    assert summary["untracked"] == 0, "a failed fetch must not drive pruning"
+    live = await session.execute(
+        ticker_service.active_only(select(Ticker.symbol).order_by(Ticker.symbol))
+    )
+    assert list(live.scalars().all()) == ["AAPL", "MSFT", "NVDA"]
+
+
+async def test_a_failed_fetch_does_not_clear_a_prune_flag(session: AsyncSession, monkeypatch):
+    """Re-entry is a claim about the index. A cache fallback is not evidence the
+    symbol rejoined it."""
+    session.add_all([
+        Ticker(symbol=s, tracking_source=ticker_service.SOURCE_INDEX)
+        for s in ("AAPL", "LEAVER")
+    ])
+    await session.commit()
+    await _sync(session, monkeypatch, ["AAPL"], prune=True)  # LEAVER untracked
+
+    summary = await _sync(session, monkeypatch, ["AAPL", "LEAVER"], source="cache")
+    assert summary["retracked"] == 0, "stale data must not re-admit a symbol"
+
+    leaver = (
+        await session.execute(select(Ticker).where(Ticker.symbol == "LEAVER"))
+    ).scalar_one()
+    assert leaver.untracked_on is not None
+
+
+# ---------------------------------------------------------------------------
+# Interval boundaries, stated as executable rules
+# ---------------------------------------------------------------------------
+
+
+async def _interval(session, symbol: str, universe: str, first: date, absent: date | None):
+    """Write one interval directly, so boundary tests don't depend on today."""
+    ticker = (
+        await session.execute(select(Ticker).where(Ticker.symbol == symbol))
+    ).scalar_one_or_none()
+    if ticker is None:
+        ticker = Ticker(symbol=symbol, tracking_source=ticker_service.SOURCE_INDEX)
+        session.add(ticker)
+        await session.flush()
+    session.add(UniverseMembership(
+        ticker_id=ticker.id, universe=universe,
+        first_seen_on=first, absent_since=absent,
+    ))
+    await session.commit()
+
+
+async def test_membership_bounds_are_lower_inclusive_upper_exclusive(session: AsyncSession):
+    """``absent_since`` is the first observation that found the symbol GONE, so
+    on that date it is already absent. ``first_seen_on`` is the first that found
+    it present, so on that date it is already a member."""
+    await _interval(session, "EDGE", "sp500", date(2026, 3, 10), date(2026, 8, 20))
+
+    async def members(d: date) -> list[str]:
+        return await tus.members_on(session, "sp500", d)
+
+    assert await members(date(2026, 3, 9)) == [], "the day before first observation"
+    assert await members(date(2026, 3, 10)) == ["EDGE"], "lower bound is inclusive"
+    assert await members(date(2026, 8, 19)) == ["EDGE"], "still present the day before"
+    assert await members(date(2026, 8, 20)) == [], "upper bound is exclusive"
+
+
+async def test_an_open_interval_has_no_upper_bound(session: AsyncSession):
+    await _interval(session, "OPEN", "sp500", date(2026, 3, 10), None)
+    assert await tus.members_on(session, "sp500", date(2030, 1, 1)) == ["OPEN"]
+
+
+async def test_a_gap_between_two_intervals_is_not_membership(session: AsyncSession):
+    """The reason re-entry appends instead of reopening."""
+    await _interval(session, "GAP", "sp500", date(2026, 1, 5), date(2026, 3, 2))
+    await _interval(session, "GAP", "sp500", date(2026, 8, 3), None)
+
+    assert await tus.members_on(session, "sp500", date(2026, 2, 1)) == ["GAP"]
+    assert await tus.members_on(session, "sp500", date(2026, 5, 1)) == []
+    assert await tus.members_on(session, "sp500", date(2026, 9, 1)) == ["GAP"]
+
+
+async def test_membership_is_scoped_per_universe(session: AsyncSession):
+    await _interval(session, "BOTH", "sp500", date(2026, 1, 5), None)
+    await _interval(session, "BOTH", "nasdaq100", date(2026, 6, 1), None)
+    await _interval(session, "SPONLY", "sp500", date(2026, 1, 5), None)
+
+    assert await tus.members_on(session, "sp500", date(2026, 7, 1)) == ["BOTH", "SPONLY"]
+    assert await tus.members_on(session, "nasdaq100", date(2026, 7, 1)) == ["BOTH"]
+    # Before it joined the Nasdaq-100 it was only an S&P name.
+    assert await tus.members_on(session, "nasdaq100", date(2026, 5, 1)) == []
+
+
+async def test_before_recording_began_returns_empty_not_the_current_set(
+    session: AsyncSession, monkeypatch
+):
+    """The honest limit of this table: a date before the first successful live
+    sync means "we were not looking", not "the index was empty". Answering with
+    today's set would be exactly the survivorship error item 3 exists to end."""
+    await _sync(session, monkeypatch, ["AAPL", "MSFT"])
+
+    assert await tus.members_on(session, "sp500", date(2020, 1, 2)) == []
+    assert await tus.members_on(session, "sp500", date.today()) == ["AAPL", "MSFT"]