{ "ticker": { "uuid": "e40209da-17f1-4551-8148-c5930543df41", "symbol": "APAM", "name": "Artisan Partners Asset Management 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 50.151, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 53.553, "architecture_energy": 64.424, "architecture_maturity": 11.788, "architecture_confidence": 62.638, "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": 25.26, "rotation_up": 73.0, "upward_expansion": 59.28, "deceleration": 24.92, "rotation_down": 18.97, "downward_expansion": 22.28 }, "activity_lines": [ 40.082667, 38.505636, 37.677764, 37.497148 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 42.55, "trend_reference": 37.911538, "distance_from_trend": 0.12235, "trend_direction": "Weakening", "fair_value": 36.82412, "distance_from_fair_value": 0.155493, "fair_value_direction": "Improving", "relative_strength": -3.356014, "relative_strength_direction": "Improving", "price_momentum": -0.001302, "excess_performance": -0.126927, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.12235, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.019672, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.155493, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.125582, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.03356, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.136064, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.001302, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.725583, "read": "Supply-led" } ], "volume": { "latest": 4703684, "relative_activity": 1.183422, "balance": 0.725583, "dry_up": 1.23049, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.056708, "annualized_volatility": 0.235916, "from_high_reference": -0.035854, "from_low_reference": 0.252945 }, "levels": { "trend_reference": 37.911538, "fair_value_reference": 36.82412, "structural_low": 33.96, "invalidation": "A 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"energy": 40.850973, "activity_lines": [ 35.896, 36.249691, 36.377051, 36.976585 ] }, { "date": "2026-07-17", "close": 38.51, "volume": 5764335, "typical_volume": 3970877.75, "trend": 37.888595, "fair_value": 36.638217, "relative_strength": -10.207833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.456866, "energy": 5.815822, "activity_lines": [ 36.784, 36.609636, 36.577598, 37.015239 ] }, { "date": "2026-07-24", "close": 39.34, "volume": 3608552, "typical_volume": 3949848.5, "trend": 37.883615, "fair_value": 36.684165, "relative_strength": -7.293152, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.345965, "energy": 14.680842, "activity_lines": [ 37.773333, 37.097273, 36.861651, 37.108878 ] }, { "date": "2026-07-31", "close": 39.24, "volume": 5486475, "typical_volume": 4025154.45, "trend": 37.888207, "fair_value": 36.742656, "relative_strength": -8.104347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.580544, "energy": 29.138008, "activity_lines": [ 38.498667, 37.513818, 37.122976, 37.196387 ] }, { "date": "2026-08-07", "close": 42.55, "volume": 4703684, "typical_volume": 3974646.0, "trend": 37.911538, "fair_value": 36.82412, "relative_strength": -3.356014, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.553071, "energy": 64.423683, "activity_lines": [ 40.082667, 38.505636, 37.677764, 37.497148 ] } ], "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." } } }