{ "ticker": { "uuid": "0db37451-0125-4b04-a832-b6da0121a076", "symbol": "PMZ-UN", "name": "Primaris Real Estate Investment Trust", "exchange": "TOR", "country": "CA", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 68.204, "architecture_energy": 68.004, "architecture_maturity": 56.122, "architecture_confidence": 84.398, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 4.03, "rotation_up": 70.58, "upward_expansion": 87.67, "deceleration": 61.24, "rotation_down": 18.43, "downward_expansion": 12.0 }, "activity_lines": [ 22.691387, 22.287673, 21.156487, 20.257927 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 22.290001, "trend_reference": 19.113266, "distance_from_trend": 0.166206, "trend_direction": "Improving", "fair_value": 14.432258, "distance_from_fair_value": 0.544457, "fair_value_direction": "Improving", "relative_strength": 15.218263, "relative_strength_direction": "Improving", "price_momentum": 0.320595, "excess_performance": 0.200173, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.166206, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.131577, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.544457, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.139011, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.152183, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.062089, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.320595, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.395464, "read": "Demand-led" } ], "volume": { "latest": 1441200, "relative_activity": 1.437441, "balance": 1.395464, "dry_up": 1.353311, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.033253, "annualized_volatility": 0.170437, "from_high_reference": -0.042752, "from_low_reference": 0.584155 }, "levels": { "trend_reference": 19.113266, "fair_value_reference": 14.432258, "structural_low": 16.62158, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.020136, "positive_rate": 0.681818, "directional_follow_through": 0.681818, "median_excess_return": -0.004309, "regime_survival": 0.818182, "best_return": 0.097968, "worst_return": -0.079318, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.039225, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.033293, "regime_survival": 0.571429, "best_return": 0.214849, "worst_return": -0.056672, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.104482, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.035877, "regime_survival": 0.333333, "best_return": 0.249487, "worst_return": 0.06668, "sufficient": false }, { "horizon": 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94.909992, "activity_lines": [ 21.680854, 20.887403, 19.885704, 19.152657 ] }, { "date": "2026-07-17", "close": 23.106075, "volume": 1611400, "typical_volume": 1001030.0, "trend": 18.40027, "fair_value": 14.21232, "relative_strength": 24.878555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.587592, "energy": 97.17789, "activity_lines": [ 22.274885, 21.40028, 20.269518, 19.473104 ] }, { "date": "2026-07-24", "close": 22.946587, "volume": 1020500, "typical_volume": 995095.0, "trend": 18.662893, "fair_value": 14.287078, "relative_strength": 23.019598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.68089, "energy": 92.95919, "activity_lines": [ 22.63145, 21.811217, 20.614041, 19.766414 ] }, { "date": "2026-07-31", "close": 22.91, "volume": 1354300, "typical_volume": 1012335.0, "trend": 18.918663, "fair_value": 14.361383, "relative_strength": 22.755263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.102851, "energy": 88.385891, "activity_lines": [ 22.816103, 22.139323, 20.928584, 20.040421 ] }, { "date": "2026-08-07", "close": 22.290001, "volume": 1441200, "typical_volume": 1002615.0, "trend": 19.113266, "fair_value": 14.432258, "relative_strength": 15.218263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.204253, "energy": 68.003712, "activity_lines": [ 22.691387, 22.287673, 21.156487, 20.257927 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }