{
  "ticker": {
    "uuid": "fedf0305-4ea1-41ad-87b5-af5e66fa15aa",
    "symbol": "291620",
    "name": "Kiwoom Asset Management - Kosef Kosdaq 150 Futures Inverse ETF",
    "exchange": "KSC",
    "country": "KR",
    "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": "^KS11",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.376,
    "architecture_energy": 55.791,
    "architecture_maturity": 10.936,
    "architecture_confidence": 57.397,
    "architecture_tenure": "New",
    "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": 18.98,
        "rotation_up": 71.99,
        "upward_expansion": 84.56,
        "deceleration": 50.87,
        "rotation_down": 11.07,
        "downward_expansion": 8.89
      },
      "activity_lines": [
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        4141.27957
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 4510.0,
    "trend_reference": 4056.833333,
    "distance_from_trend": 0.111705,
    "trend_direction": "Weakening",
    "fair_value": 6050.064103,
    "distance_from_fair_value": -0.254553,
    "fair_value_direction": "Improving",
    "relative_strength": -28.047096,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.067456,
    "excess_performance": -0.162373,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.111705,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058047,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.254553,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.182074,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.280471,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.386206,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.067456,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.09082,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 279247,
      "relative_activity": 2.044019,
      "balance": 1.09082,
      "dry_up": 1.647177,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.122037,
      "annualized_volatility": 0.384633,
      "from_high_reference": -0.291438,
      "from_low_reference": 0.352324
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    "levels": {
      "trend_reference": 4056.833333,
      "fair_value_reference": 6050.064103,
      "structural_low": 3335.0,
      "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": 13,
        "median_return": -0.040885,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.307692,
        "median_excess_return": -0.046552,
        "regime_survival": 0.615385,
        "best_return": 0.12012,
        "worst_return": -0.095442,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.039219,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.030523,
        "regime_survival": 0.166667,
        "best_return": 0.040201,
        "worst_return": -0.268828,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.008973,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.022108,
        "regime_survival": 0.5,
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        "worst_return": -0.327522,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
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        "best_return": 0.071914,
        "worst_return": -0.274696,
        "sufficient": false
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    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-11-24",
        "end": "2023-12-22",
        "tenure": "Developing",
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        "regime": "rotation_down",
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        "regime": "balance",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-01-24",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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        "date": "2026-05-22",
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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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      },
      {
        "date": "2026-07-17",
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        "volume": 177339,
        "typical_volume": 135855.75,
        "trend": 4078.5,
        "fair_value": 6078.173077,
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        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 54.36941,
        "energy": 73.588042,
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          4537.333333,
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          4019.52381,
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      },
      {
        "date": "2026-07-24",
        "close": 5135.0,
        "volume": 165684,
        "typical_volume": 119988.85,
        "trend": 4075.333333,
        "fair_value": 6070.288462,
        "relative_strength": -26.822519,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 59.670317,
        "energy": 79.080975,
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          4045.247312
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      },
      {
        "date": "2026-07-31",
        "close": 5130.0,
        "volume": 277857,
        "typical_volume": 125413.45,
        "trend": 4076.166667,
        "fair_value": 6062.628205,
        "relative_strength": -24.058392,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 76.51563,
        "energy": 81.125533,
        "activity_lines": [
          4938.333333,
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          4252.666667,
          4113.290323
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      },
      {
        "date": "2026-08-07",
        "close": 4510.0,
        "volume": 279247,
        "typical_volume": 136616.65,
        "trend": 4056.833333,
        "fair_value": 6050.064103,
        "relative_strength": -28.047096,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.3758,
        "energy": 55.791148,
        "activity_lines": [
          4843.0,
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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."
    }
  }
}