{
  "ticker": {
    "uuid": "9cf832ff-9797-47b4-8bed-1a10d16223e3",
    "symbol": "CNS",
    "name": "Cohen & Steers 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": 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": 70.828,
    "architecture_energy": 63.199,
    "architecture_maturity": 41.263,
    "architecture_confidence": 81.207,
    "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": 6.28,
        "rotation_up": 71.13,
        "upward_expansion": 86.28,
        "deceleration": 52.2,
        "rotation_down": 15.5,
        "downward_expansion": 10.61
      },
      "activity_lines": [
        82.522,
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        76.993686,
        73.775864
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 83.6,
    "trend_reference": 70.205912,
    "distance_from_trend": 0.190783,
    "trend_direction": "Improving",
    "fair_value": 71.35184,
    "distance_from_fair_value": 0.171659,
    "fair_value_direction": "Improving",
    "relative_strength": 9.177836,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.359531,
    "excess_performance": 0.233906,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.190783,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.084645,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.171659,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.133817,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.091778,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.14491,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.359531,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.772048,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1105992,
      "relative_activity": 0.758921,
      "balance": 1.772048,
      "dry_up": 0.93749,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.059775,
      "annualized_volatility": 0.23833,
      "from_high_reference": -0.023707,
      "from_low_reference": 0.460117
    },
    "levels": {
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      "fair_value_reference": 71.35184,
      "structural_low": 59.61639,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 20,
        "median_return": 0.01465,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.005009,
        "regime_survival": 0.75,
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        "worst_return": -0.107825,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.069915,
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        "horizon": "Full cycle",
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        "worst_return": -0.14435,
        "sufficient": false
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      },
      {
        "date": "2026-04-17",
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      },
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      },
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 70.73454,
        "relative_strength": 3.318478,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1593696.05,
        "trend": 68.36545,
        "fair_value": 70.899245,
        "relative_strength": 14.74521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.077447,
        "energy": 74.033589,
        "activity_lines": [
          80.013333,
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          73.771302,
          71.180207
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      },
      {
        "date": "2026-07-24",
        "close": 81.35,
        "volume": 1444204,
        "typical_volume": 1579948.2,
        "trend": 68.978689,
        "fair_value": 71.04807,
        "relative_strength": 11.02737,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.272636,
        "energy": 58.473213,
        "activity_lines": [
          80.871333,
          78.739636,
          74.833111,
          72.01792
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      },
      {
        "date": "2026-07-31",
        "close": 82.27,
        "volume": 1167070,
        "typical_volume": 1545967.35,
        "trend": 69.643186,
        "fair_value": 71.201692,
        "relative_strength": 11.130305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.12163,
        "energy": 58.593314,
        "activity_lines": [
          81.604667,
          79.736727,
          75.898482,
          72.875424
        ]
      },
      {
        "date": "2026-08-07",
        "close": 83.6,
        "volume": 1105992,
        "typical_volume": 1457321.5,
        "trend": 70.205912,
        "fair_value": 71.35184,
        "relative_strength": 9.177836,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.828087,
        "energy": 63.199095,
        "activity_lines": [
          82.522,
          80.786,
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          73.775864
        ]
      }
    ],
    "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."
    }
  }
}