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I wrote a breakdown of how all of the less explained game mechanics in Star Rail work for my friends and figured I'd share it here in case some people found some value in it. I cover:

• Effect Hit Rates
• Aggro & Taunts
• Speed & Action Advances
• Toughness & Break Effects

There is a TLDR Summary section at the end if you just want a summary of the most important points.
Effect Hit Rate
Any time a character attempts to apply a debuff to an enemy (Freeze, Slow, Pela's Defence Down, Serval's & Sampo's DoT, etc) there is a Base Chance that it gets applied decided by the ability. This is then multiplied by your Effect Hit Rate AND the enemies Effect Resistance to get your ACTUAL chance to apply it. Most bosses have a solid chunk of Effect Resistance, so 100% Base Chance will still not always land.
EG: Pela Ult - 50% bonus Effect Hit Rate - 50% Resist on Target
1x1.5x0.5=0.75 - 75% Chance to inflict Defence Down
The same formula is used for enemies trying to Debuff you. Talent effects like Herta's & Clara's "35% chance to Ignore CC" are a SEPARATE multiplier on the formula to regular Effect Resistance.
Enemy Targeting: Aggro & Taunts
Not every character is weighted equally for how likely they are to be attacked. They have a Base Aggro level that is first decided by their Path:

• 75 - Path of Erudition & the Hunt
• 100 - Path of Harmony, Nihility & Abundance
• 125 - Path of Destruction
• 150 - Path of Preservation

This Base Aggro is then multiplied by any modifiers active - These are:

• 5x - Clara Ult & Technique, March Skill
• 3x - Gepard's A2 Trace
• 2x - Landau's Choice & Moment of Victory Light Cones
• 0.5x - Dan Heng, Seele & Sushang's A2 Traces
• 0.4x - Yanqing Talent

The character's likelihood to be attacked is the percentage of how much of the total Aggro Value of the team is theirs.
So - For a party of March, Preservation Trailblazer w/ March Shield & Landau's Choice, Dan Heng below 50% HP & Natasha it's like this:
March (150) + Trailblazer (150x(5+2)) + Natasha (100) + Dan Heng (75x0.5) = 1337.5 Total Aggro
Trailblazer = 1050/1337.5 = 0.785 = 78.5% Chance
For the party it looks like:

• Trailblazer - 78.5%
• March - 11.2%
• Natasha - 7.4%
• Dan Heng - 2.8%

Taunt's like those applied by the Trailblazer are a Debuff (and thus influenced by Effect Hit Rate) that the Trailblazer applies to the enemy - it forces a debuffed enemy to select the Trailblazer as their primary target on their next turn.
Turn Order: Speed & Action Delay/Advance
Speed is a stat used to generate a characters "Action Value", which is how many units of time must pass before a character gets to take their turn. It is calculated as 10000/Speed, so for a standard Speed 100 Character, their unmodified Action Value is 100.
If their speed is increased by 100, their new Base Action Value would become 50.
ABSOULTELY ESSENTIAL: There is a setting in "Other Settings" that allows you to turn on Action Value so you can see the exact number on the characters turn indicators. This should honestly be on by default so I STRONGLY suggest you turn it on.
So - at the start of a battle everyone is placed in the turn order based on how much Action Value they have to wait. The game subtracts action value from everyone equally until someone hits 0, at which point it becomes their turn. After they complete their turn, they are placed back in the order at their full Base Action Value. This is how turn order works.
Action Advance & Action Delay subtracts or adds a percentage of their BASE Action Value to their current Action Value amount.
Example: Seele has a base speed of 115. Boots add 25 Flat speed and her E adds 25%, so Seele w/ Boots & E Buff has 115*1.25+25=169 Speed. 10000/169 = 59 Action Value. A 50% Action Delay like the Ice Fragmentum Pikemen do when applied to Seele would add approximately 29.5 Action Value to her current Action Value, and a 50% turn advance would subtract the same amount.
As far as I can tell, Action Value ties go in the order they were in BEFORE they became a tie. So a character with 70 Action Value and one with 50 Action Value both get advanced 100% to 0, the one at Action Value 50 will go first - but this point specifically is guesswork from me.
A change to a characters speed will adjust their current action value to be the same % of the new value. So if 100 Speed character (100 Base AV) with 50 AV until their next turn gains 100 Speed their new Base AV becomes 50 and their new Current AV will be 25 (still 50% of their Base AV).
1 Cycle in the Forgotten Hall = 100 Action Value of passed time, except for the first cycle, which is 150 Action Value of passed time.
Toughness & Break Effect:
The Break Effect stat increases the amount of Bonus Damage that the enemy takes when you break their Toughness bar and the power of the Debuff applied when you break it. It does NOT increase how much damage you do TO the Toughness bar with your attacks (that's a different stat called Weakness Break Efficiency that can ONLY be gained from certain Simulated Universe buffs).
The damage dealt by a Weakness Break's has a base value decided by the Character's Level, then their Weakness Break stat and the Max Toughness of the enemy are also factored in (higher Toughness enemies (e.g. Bosses) take much more damage from a Weakness Break). Note that the Max Toughness is only factored into the Initial Damage, NOT the DoT (Except for Quantum).
Each Element has a different multiplier on how much their Weakness Break does up front, and different multiplier for the DoT applied. It works like follows:
Break Effect Table
To go through each individually:
Fire - Largest Upfront Damage, Weaker DoT, 4x Total damage
Physical - Largest Upfront Damage, DoT deals damage based on enemies Max HP (16% for Normal, 7% for Elites & Bosses), Damage over Time ticks cannot exceed the Upfront damage for a max of 6x Total Damage
Wind - High Upfront Damage, DoT applies 1 stack to a normal enemy, but 3 stacks to a Boss or Elite for a total of 3.5x against Normal and 7.5x against Bosses.
Lightning - Mild Upfront Damage, Largest DoT/Turn, 5x Total Damage
Ice - Mild Upfront, Mild 1-turn damage tick. Enemy loses their next turn when Frozen but their following move is Advanced by 50%. Break Effect does not boost the utility of Ice and it has low damage, so BREAK EFFECT IS A VERY WEAK STAT FOR SPECIFICALLY ICE CHARACTERS
Quantum - Tiny Upfront, each subsequent attack adds a stack up to a max of 5. The detonation of the Stacks is effected by the Toughness Multiplier, so the detonation deals MASSIVELY boosted damage against a high toughness enemy like a Boss. Also delays the enemy turn by 20% x Break Effect.
Imaginary - Tiny Upfront, No DoT, Delays the enemy turn by 30% X Break Effect AND reduces their speed by 10%.
Summary:

• Fire - Upfront Damage - General Purpose
• Physical - Anti-High HP DoT - Best Against Bosses
• Wind - High Anti-Boss DoT - Best Against Elites
• Lightning - High DoT - Best AoE DoT
• Ice - Light damage, Does not benefit from Break Effect much - Best Baseline Effect
• Quantum - Huge Boss nuking, slightly delays the enemy. - Best Against Bosses
• Imaginary - Almost 0 damage, hugely delays the enemy. - Best Enemy Delay/CC

Please note that this is an overly simplistic summary - Pros & Cons of Break Effect by Element is extremely nuanced in what is best in what situations and when and I don't want to overload people by going psycho In-Depth.
Final Note:
Whenever you Weakness Break an enemy, irrelevant of Break Effect it will always delays their next action by an additional 50%.
Summary/TLDR:
Effect Hit Rate boosts the chance to apply status effects to the enemy by multiplying their Base Chance. Most Bosses have Effect Resistance that means even 100% Base Chance WON'T always land.
Characters have different Base Aggro based on their Path that can be boosted or decreased by different effects, which is what determines who is MORE LIKELY to be attacked, but it is always still random to some extent unless the enemy are Taunted.
Break Effect increases the damage and potency of debuffs applied by breaking the enemies Toughness bar, but DOES NOT increase the speed you break the bar at. Ice Weakness Break effects scale VERY badly with Break Effect, so it's is a uniquely bad stat on Ice characters.
Speed determines how quickly a character takes turns in combat, both for the player and the enemy. There is a setting in the options menu to SHOW EXACTLY how long until each characters next turn. It should honestly be on by default so I STRONGLY SUGGEST TURNING IT ON. Action Delay & Forward is decided by the characters BASE Action Value, NOT their current (which means it isn't wasted to Advance Forward someone who is only 10 Action Value away from taking their turn if they have a lot of speed OR if its a small Advance Forward).
And Finally:
Buffs and Debuffs tick down at the end of a characters turn, but NOT on Bonus Turns or Ultimates.
Hope this helps and feel free to post any corrections or questions in the comments and I'll try to keep them updated.

Good Morning,
Yesterday seemed to mark the top of this most recent pump as we began to see longer dated call positions OTM pullback in the latter half of the day after failing to breach 4300, despite the 0DTEs being quite robust. Today is a bit light on data aside from an economic outlook survey, and there are no auctions posted from the Treasury till Thursday. If the breakdown from yesterday continues we could see the SPX drop under that critical 4250 level were the rest of the call volume falls off. But stay prepared for call positions to come back in as long as we remain above GN (4188) and MM gamma stays positive.
SPX 1h
GME saw some more covering yesterday in the first half of the day before liquidity reversed in the midday to see prices driven down with the falling market. It seems like they are preparing for earnings at this point, by slowly leeching a little bit of extra liquidity everyday without any significant covering. If GME misses they have enough liquidity to short, if it hits they aren't going to be caught exposed. My expectation is still that EPS could go both ways, cash flows should remain positive, and revenues are likely to decline.
GME 4h
UPST is digging a bit deeper in it's short liquidity and IV is starting to fall off. I'm selling OTM/ATM calls a bit more aggressively now and taking on some shorter dated (30DTE) ATM puts. My downside target is still $20 although I expect a bit of resistance at $25.
UPST 4h
Options Data

GME - 2023-06-05
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DN: 16.12 GN: 6.12 GM: 25.5 VN: 0.61

UPST - 2023-06-05
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DN: 24.61 GN: 22.94 GM: 31.5 VN: 19.07

NVDA - 2023-06-05
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DN: 292.85 GN: 298.74 GM: 450 VN: 264.79

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Our join the community discord https://discord.gg/9ZDgRU7hFk
As always the information will be available here on reddit as well.
You are welcome to check my profile for links to my previous DD
GME Resistance/Support:
13.66, 15.50, 16.00, 17.46, 19.50, 21.40, 22.50, 24.68, 29.83, 30.73, 31.65, 32.90, 33.99, 35, 36.05, 37.50, 40, 42.50, 45, 50, 52.50
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Pre-market Data

Shares to Borrow:
GME:
Fidelity: 80,831 @ 1.75%
IBKR: 80,000 @ 7.678%
UPST:
Fidelity: 0 @ 14.0%
IBKR: 100,000 @ 19.492%
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Arbitrage back to even
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Disclaimer
* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁
*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.
*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.
* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.