{
  "ticker": {
    "uuid": "1bd030bd-52f6-4ba5-a6fc-07d8ed555fcd",
    "symbol": "KNSL",
    "name": "Kinsale Capital Group Inc",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 38.986,
    "architecture_energy": 50.718,
    "architecture_maturity": 9.853,
    "architecture_confidence": 67.004,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 23.53,
        "rotation_up": 72.23,
        "upward_expansion": 55.91,
        "deceleration": 14.26,
        "rotation_down": 15.02,
        "downward_expansion": 23.91
      },
      "activity_lines": [
        358.022,
        347.871455,
        335.336454,
        338.072477
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 373.76,
    "trend_reference": 348.277755,
    "distance_from_trend": 0.073166,
    "trend_direction": "Weakening",
    "fair_value": 415.427135,
    "distance_from_fair_value": -0.1003,
    "fair_value_direction": "Improving",
    "relative_strength": -12.230898,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.096093,
    "excess_performance": -0.221718,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.073166,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.046466,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.1003,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.170066,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.122309,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.224471,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.096093,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.0295,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1453973,
      "relative_activity": 0.964671,
      "balance": 3.0295,
      "dry_up": 1.107671,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.068303,
      "annualized_volatility": 0.342229,
      "from_high_reference": -0.22789,
      "from_low_reference": 0.301393
    },
    "levels": {
      "trend_reference": 348.277755,
      "fair_value_reference": 415.427135,
      "structural_low": 287.2,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.006826,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.023602,
        "regime_survival": 0.4,
        "best_return": 0.30757,
        "worst_return": -0.069231,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.033453,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.070955,
        "regime_survival": 0.0,
        "best_return": 0.145047,
        "worst_return": -0.03743,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.067868,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.047156,
        "regime_survival": 0.0,
        "best_return": 0.132003,
        "worst_return": -0.070052,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.341191,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.238971,
        "regime_survival": 0.0,
        "best_return": 0.564143,
        "worst_return": 0.118239,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-12",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.198131,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-08-16",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": -0.045416,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.044483,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-06",
        "end": "2024-12-27",
        "tenure": "New",
        "return": -0.102133,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.027643,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": -0.00848,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.107684,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": 0.069447,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.068838,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.006767,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-22",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.004919,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": -0.058608,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-26",
        "end": "2026-07-24",
        "tenure": "Extended",
        "return": -0.165893,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.04865,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 802368.45,
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      },
      {
        "date": "2023-08-25",
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      },
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      },
      {
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      },
      {
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "stage": 4,
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        "energy": 19.229383,
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      },
      {
        "date": "2026-07-24",
        "close": 349.1,
        "volume": 1932437,
        "typical_volume": 1467532.55,
        "trend": 350.230213,
        "fair_value": 415.480193,
        "relative_strength": -15.556321,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": 3.414737,
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          345.42,
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      },
      {
        "date": "2026-07-31",
        "close": 356.42,
        "volume": 1844953,
        "typical_volume": 1506665.85,
        "trend": 349.048029,
        "fair_value": 415.384885,
        "relative_strength": -13.998985,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 26.578604,
        "energy": 30.331993,
        "activity_lines": [
          349.764,
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      },
      {
        "date": "2026-08-07",
        "close": 373.76,
        "volume": 1453973,
        "typical_volume": 1507222.0,
        "trend": 348.277755,
        "fair_value": 415.427135,
        "relative_strength": -12.230898,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 38.986316,
        "energy": 50.71761,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}