{"ticker": {"uuid": "3cfd3dcb-2ca3-422f-99c0-b1db4657429b", "symbol": "WAX", "name": "WAM Research Limited", "exchange": "ASX", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "WAX closed the latest completed week at 1.02 AUD. The 4-week return is -7.3% and the 12-week return is -6.1%. Trend Signal is inactive, Market Dynamics is -0.63.", "description": "WAM Research Limited is a closed-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It makes its investments in companies primarily engaged in the industrial sector. The fund invests in value and growth stocks of small to medium-cap companies. It benchmarks the performance of its portfolio against the S&P/ASX All Ordinaries Accumulation Index. The fund conducts in-house research to make its investments. It was formerly known as Wilson Investment Fund Limited. WAM Research Limited was formed on May 10, 2002 and is domiciled in Australia.", "setup_signature": "Risk-first tape", "composite_score": "31", "kpis": [{"label": "Latest Close", "value": "1.02 AUD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-1.0%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-7.3%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-6.1%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "59.6%", "hint": "31 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.8x", "hint": "vs 13-week average"}], "classification": {"exchange": "ASX", "country": "AU", "sector": "Financial Services", "industry": "Asset Management", "currency": "AUD", "market_cap": "222.0M"}, "price": {"trend_line": "1.13 AUD", "fair_value": "1.01 AUD", "vs_trend": "-9.9%", "vs_fair_value": "1.3%", "high_52": "1.25 AUD", "low_52": "1.01 AUD", "drawdown": "-18.6%", 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"opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "1.02 AUD", "weekly_return": -0.9708737864077678, "weekly_return_label": "-1.0%", "weekly_return_tone": "negative", "trend_line": "1.13 AUD", "fair_value": "1.01 AUD", "market_dynamics": "-0.63", "relative_strength": "-10.58", "volume": "836.6K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "1.03 AUD", "weekly_return": -3.2863849765258144, "weekly_return_label": "-3.3%", 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