{
  "ticker": {
    "uuid": "9bda07c9-8c92-4800-a43c-c690fc884ba3",
    "symbol": "XDEV",
    "name": "Xtrackers MSCI World Value UCITS ETF 1C",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "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": "^FTSE",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 52.278,
    "architecture_energy": 40.105,
    "architecture_maturity": 69.135,
    "architecture_confidence": 94.585,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 28.33,
        "rotation_up": 33.32,
        "upward_expansion": 59.95,
        "deceleration": 91.16,
        "rotation_down": 27.85,
        "downward_expansion": 23.62
      },
      "activity_lines": [
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        5753.169892
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 6162.0,
    "trend_reference": 5469.15,
    "distance_from_trend": 0.126683,
    "trend_direction": "Improving",
    "fair_value": 3980.483013,
    "distance_from_fair_value": 0.548053,
    "fair_value_direction": "Improving",
    "relative_strength": 13.853688,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.239091,
    "excess_performance": 0.187856,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.126683,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.10669,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.548053,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.043369,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.138537,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.056802,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.239091,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.523722,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 84859,
      "relative_activity": 0.814743,
      "balance": 1.523722,
      "dry_up": 1.012867,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.034609,
      "annualized_volatility": 0.161293,
      "from_high_reference": -0.02361,
      "from_low_reference": 0.569936
    },
    "levels": {
      "trend_reference": 5469.15,
      "fair_value_reference": 3980.483013,
      "structural_low": 4677.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.015979,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.004159,
        "regime_survival": 0.357143,
        "best_return": 0.085218,
        "worst_return": -0.022754,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.020192,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.007736,
        "regime_survival": 0.2,
        "best_return": 0.313861,
        "worst_return": -0.053597,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.07327,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.022627,
        "regime_survival": 0.0,
        "best_return": 0.367108,
        "worst_return": 0.000426,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.045095,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.018209,
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        "worst_return": 0.032556,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-16",
        "end": "2024-09-06",
        "tenure": "New",
        "return": -0.017659,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": 0.02539,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.001844,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.037622,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.003266,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-05-09",
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        "return": 0.080482,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": 0.001076,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "end": "2025-11-21",
        "tenure": "Established",
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        "active": false
      },
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        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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        "regime": "deceleration",
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        "active": true
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      {
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 3923.65609,
        "relative_strength": 13.889011,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
        "close": 6079.0,
        "volume": 78209,
        "typical_volume": 106006.35,
        "trend": 5375.816667,
        "fair_value": 3942.431731,
        "relative_strength": 15.211158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-31",
        "close": 5998.0,
        "volume": 153458,
        "typical_volume": 105077.1,
        "trend": 5421.583333,
        "fair_value": 3960.896475,
        "relative_strength": 11.733113,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.709631,
        "energy": 36.955207,
        "activity_lines": [
          6020.2,
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          5705.401075
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      },
      {
        "date": "2026-08-07",
        "close": 6162.0,
        "volume": 84859,
        "typical_volume": 104154.3,
        "trend": 5469.15,
        "fair_value": 3980.483013,
        "relative_strength": 13.853688,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.278299,
        "energy": 40.105053,
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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."
    }
  }
}