{"ticker": {"uuid": "6a1fc852-dc0d-4a1c-baa8-deca8c484218", "symbol": "3168", "name": "MERF Inc.", "exchange": "JPX", "asset_type": "equity"}, "latest_week": "2026-08-07", "summary": "3168 closed the latest completed week at 1,480 JPY. The 4-week return is 15.6% and the 12-week return is -11.3%. The trend backdrop is inactive, with activity pressure at -0.81.", "description": "MERF Inc. engages in the collection, processing, manufacture, and sale of various metals in Japan, South Korea, China rest of Asia, Europe, and internationally. The company operates through two segments, Nonferrous Metals and Arts and Crafts. It recycles and sells industrial materials and metal scraps, as well as produces base metals that are used as raw materials to manufacture electrical wires and semiconductor base plates. The company also recycle, manufactures, and sells copper alloy ingots, which are used in ship propellers, faucets, valves, and various industrial machinery components; and casts and sells works of fine arts, Buddhist statues, ritual articles, and large metal structures. In addition, it is involved in the sale of non-ferrous metals and copper and copper alloy fabricated products, as well as manufacture and sale of aluminum alloys ingots. The company was formerly known as Kurotani Corporation and changed its name to MERF Inc. in January 2025. MERF Inc. was founded in 1870 and is headquartered in Imizu, Japan.", "setup_signature": "Balanced read", "composite_score": "52", "kpis": [{"label": "Latest Close", "value": "1,480 JPY", "hint": "2026-08-07"}, {"label": "1W Return", "value": "16.1%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "15.6%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-11.3%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "92.3%", "hint": "48 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.1x", "hint": "vs 13-week average"}], "classification": {"exchange": "JPX", "country": "JP", "sector": "Basic Materials", "industry": "Other Industrial Metals & Mining", "currency": "JPY", "market_cap": "19.8B"}, "price": {"trend_line": "1,351 JPY", "fair_value": "714.1 JPY", "vs_trend": "9.6%", "vs_fair_value": "107.2%", "high_52": "1,935 JPY", "low_52": "527.0 JPY", "drawdown": 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"return_label": "16.1%", "return_tone": "positive", "volume_height": 17.842309525430654, "volume": "524.1K"}], "insights": [{"label": "Participation", "value": "1.1x", "detail": "Latest volume versus the 13-week average.", "tone": "neutral"}, {"label": "Baseline", "value": "471.5K", "detail": "13-week average volume.", "tone": "neutral"}, {"label": "One-year base", "value": "630.1K", "detail": "52-week average volume.", "tone": "neutral"}]}, "risk": {"volatility_13": "10.2%", "volatility_52": "11.1%", "downside_weeks": 18, "upside_weeks": 31, "downside_breadth": "34.6%", "average_gain": "7.5%", "average_loss": "-5.9%", "distribution_scale": "50%", "return_callouts": [{"label": "Weeks higher", "value": "14 of 26", "detail": "12 weeks finished lower.", "tone": "positive"}, {"label": "Best week", "value": "+49.7%", "detail": "Week of 20 Feb.", "tone": "positive"}, {"label": "Worst week", "value": "-19.7%", "detail": "Week of 12 Jun.", "tone": "negative"}, {"label": "Latest week", "value": "+16.1%", "detail": "Week of 7 Aug.", "tone": "positive"}], "buckets": [{"label": "Strong gains", "count": 10, "share": 38.46153846153847, "share_label": "38.5%", "tone": "positive"}, {"label": "Modest gains", "count": 4, "share": 15.384615384615385, "share_label": "15.4%", "tone": "positive"}, {"label": "Flat weeks", "count": 0, "share": 0.0, "share_label": "0.0%", "tone": "neutral"}, {"label": "Modest losses", "count": 4, "share": 15.384615384615385, "share_label": "15.4%", "tone": "negative"}, {"label": "Sharp losses", "count": 8, "share": 30.76923076923077, "share_label": "30.8%", "tone": "negative"}], "insights": [{"label": "Recent vol", "value": "10.2%", "detail": "13-week weekly-return volatility.", "tone": "neutral"}, {"label": "Base vol", "value": "11.1%", "detail": "52-week weekly-return volatility.", "tone": "neutral"}, {"label": "Up/down split", "value": "31/18", "detail": "Count of positive and negative weeks in the 52-week window.", "tone": "positive"}, {"label": "Average skew", "value": "7.5% / -5.9%", "detail": "Average positive week versus average negative week.", "tone": "neutral"}]}, "signals": [{"label": "Trend backdrop", "value": "Inactive", "tone": "negative"}, {"label": "Activity pressure", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "9.6%", "tone": "positive"}, {"label": "Volume", "value": "1.1x", "tone": "neutral"}], "opportunities": ["Price is above the Trend Line, keeping the weekly tape constructive.", "Price is above Fair Value, showing premium demand versus the model."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Activity pressure is negative, which weakens the current setup.", "Activity pressure is weak, so confirmation is not yet broad enough.", "2 reversal markers appear in the recent smart-money tape.", "The share remains more than 20% below its 52-week high."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-08-07", "close": "1,480 JPY", "return": null, "return_tone": null, "trend_line": "1,351 JPY", "fair_value": "714.1 JPY", "activity_pressure": "-0.81", "relative_leadership": "25.65", "volume": "524.1K", "trend_backdrop": null}, {"week": "2026-07-31", "close": "1,275 JPY", "return": null, "return_tone": null, "trend_line": "1,324 JPY", "fair_value": "708.3 JPY", "activity_pressure": "-1.03", "relative_leadership": "11.44", "volume": "234.3K", "trend_backdrop": null}, {"week": "2026-07-24", "close": "1,233 JPY", "return": null, "return_tone": null, "trend_line": "1,303 JPY", "fair_value": "703.8 JPY", "activity_pressure": "-1.07", "relative_leadership": "8.09", "volume": "451.8K", "trend_backdrop": null}, {"week": "2026-07-17", "close": "1,242 JPY", "return": null, "return_tone": null, "trend_line": "1,284 JPY", "fair_value": "699.4 JPY", "activity_pressure": "-1.13", "relative_leadership": "10.38", "volume": "1.9M", "trend_backdrop": null}, {"week": "2026-07-10", "close": "1,280 JPY", "return": null, "return_tone": null, "trend_line": "1,263 JPY", "fair_value": "695.0 JPY", "activity_pressure": "-1.18", "relative_leadership": "7.12", "volume": "274.5K", "trend_backdrop": null}, {"week": "2026-07-03", "close": "1,300 JPY", "return": null, "return_tone": null, "trend_line": "1,240 JPY", "fair_value": "690.3 JPY", "activity_pressure": "-1.15", "relative_leadership": "7.51", "volume": "106.2K", "trend_backdrop": null}, {"week": "2026-06-26", "close": "1,227 JPY", "return": null, "return_tone": null, "trend_line": "1,216 JPY", "fair_value": "685.6 JPY", "activity_pressure": "-1.01", "relative_leadership": "2.62", "volume": "136.6K", "trend_backdrop": null}, {"week": "2026-06-19", "close": "1,393 JPY", "return": null, "return_tone": null, "trend_line": "1,194 JPY", "fair_value": "681.2 JPY", "activity_pressure": "-0.91", "relative_leadership": "14.00", "volume": "134.4K", "trend_backdrop": null}, {"week": "2026-06-12", "close": "1,314 JPY", "return": null, "return_tone": null, "trend_line": "1,165 JPY", "fair_value": "675.8 JPY", "activity_pressure": "-0.77", "relative_leadership": "16.85", "volume": "87.5K", "trend_backdrop": null}, {"week": "2026-06-05", "close": "1,637 JPY", "return": null, "return_tone": null, "trend_line": "1,140 JPY", "fair_value": "670.8 JPY", "activity_pressure": "-0.48", "relative_leadership": "45.26", "volume": "141.8K", "trend_backdrop": null}, {"week": "2026-05-29", "close": "1,397 JPY", "return": null, "return_tone": null, "trend_line": "1,104 JPY", "fair_value": "663.8 JPY", "activity_pressure": "-0.39", "relative_leadership": "25.94", "volume": "375.4K", "trend_backdrop": null}, {"week": "2026-05-22", "close": "1,499 JPY", "return": null, "return_tone": null, "trend_line": "1,075 JPY", "fair_value": "658.3 JPY", "activity_pressure": "-0.23", "relative_leadership": "42.70", "volume": "671.6K", "trend_backdrop": null}, {"week": "2026-05-15", "close": "1,669 JPY", "return": null, "return_tone": null, "trend_line": "1,044 JPY", "fair_value": "652.1 JPY", "activity_pressure": "-0.17", "relative_leadership": "65.75", "volume": "1.1M", "trend_backdrop": null}, {"week": "2026-05-08", "close": "1,595 JPY", "return": null, "return_tone": null, "trend_line": "1,006 JPY", "fair_value": "644.9 JPY", "activity_pressure": "-0.15", "relative_leadership": "57.56", "volume": "314.9K", "trend_backdrop": null}], "intelligence": {"rating": "Neutral", "rating_tone": "neutral", "overall_score": "49", "primary_driver": {"label": "Sentiment", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "Weighted news tone is neutral across 3 relevant articles.", "detail": "Enterprise value to EBIT forward of MERF Inc. \u2013 TSE:3168", "metric": "50/100", "url": "/sentiment/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 0.95}, "primary_conflict": {"label": "Weekly tape", "score": 49.71902738835955, "score_label": "50", "tone": "neutral", "summary": "Trend, activity pressure, participation, and risk combine to a 50/100 tape read.", "detail": "", "metric": "50/100", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 1.6}, "options_tone": "neutral", "options": null, "evidence": [{"label": "Weekly tape", "score": 49.71902738835955, "score_label": "50", "tone": "neutral", "summary": "Trend, activity pressure, participation, and risk combine to a 50/100 tape read.", "detail": "", "metric": "50/100", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 1.6}, {"label": "Indicator analysis", "score": 47.062499999999986, "score_label": "47", "tone": "neutral", "summary": "Latest 12-week confirmation: trend 8/12, activity pressure 0/12, relative leadership 12/12.", "detail": "Activity pressure 0.39; 2 reversal markers", "metric": "47/100", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 1.45}, {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, {"label": "Sentiment", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "Weighted news tone is neutral across 3 relevant articles.", "detail": "Enterprise value to EBIT forward of MERF Inc. \u2013 TSE:3168", "metric": "50/100", "url": "/sentiment/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 0.95}, {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}], "positives": [], "negatives": [], "conclusion": ["The strongest supporting evidence is sentiment: Weighted news tone is neutral across 3 relevant articles.", "The main constraint is weekly tape: Trend, activity pressure, participation, and risk combine to a 50/100 tape read.", "The combined read is balanced, making the next change in trend, sentiment, or options pressure especially important."], "weekly_changes": [{"label": "Price follow-through", "value": "16.1%", "detail": "Latest completed week; four-week move 15.6%.", "tone": "positive", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}, {"label": "Indicator stack", "value": "51/38", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "News sentiment", "value": "50/100", "detail": "3 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}]}, "investor_view": {"stance": "Mixed setup", "stance_tone": "neutral", "setup_score": "52", "bottom_line": "The weekly trend is not active. Price is 9.6% above the Trend Line and sits at 67.7% of its 52-week range. The latest completed week returned 16.1%, after a 15.6% four-week move. The latest news-sentiment score is 50/100.", "price_summary": "The weekly trend is not active. Price is 9.6% above the Trend Line and sits at 67.7% of its 52-week range. The latest completed week returned 16.1%, after a 15.6% four-week move.", "volume_summary": "Latest weekly volume is 1.1x the 13-week average. Participation is around or above normal and provides reasonable confirmation.", "momentum_summary": "Performance is 15.6% over four weeks, -11.3% over 12 weeks, and 165.4% over one year. The current trend has remained active for 0 consecutive weeks.", "fundamentals": {"available": false, "summary": "A published fundamentals and factor snapshot is not available for this company.", "rank_scores": [], "groups": []}, "weekly_change": [{"label": "Price follow-through", "value": "16.1%", "detail": "Latest completed week; four-week move 15.6%.", "tone": "positive", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}, {"label": "Indicator stack", "value": "51/38", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "News sentiment", "value": "50/100", "detail": "3 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/6a1fc852-dc0d-4a1c-baa8-deca8c484218/"}], "strengths": ["Price is above the Trend Line, keeping the weekly tape constructive.", "Price is above Fair Value, showing premium demand versus the model."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Activity pressure is negative, which weakens the current setup.", "Activity pressure is weak, so confirmation is not yet broad enough.", "2 reversal markers appear in the recent smart-money tape."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "evidence": {"weekly_tape": {"label": "Weekly tape", "score": 49.71902738835955, "score_label": "50", "tone": "neutral", "summary": "Trend, activity pressure, participation, and risk combine to a 50/100 tape read.", "detail": "", "metric": "50/100", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 1.6}, "indicator_analysis": {"label": "Indicator analysis", "score": 47.062499999999986, "score_label": "47", "tone": "neutral", "summary": "Latest 12-week confirmation: trend 8/12, activity pressure 0/12, relative leadership 12/12.", "detail": "Activity pressure 0.39; 2 reversal markers", "metric": "47/100", "url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 1.45}, "factors": {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, "patient_capital": {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, "sentiment": {"label": "Sentiment", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "Weighted news tone is neutral across 3 relevant articles.", "detail": "Enterprise value to EBIT forward of MERF Inc. \u2013 TSE:3168", "metric": "50/100", "url": "/sentiment/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "available": true, "weight": 0.95}, "insiders": {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, "earnings": {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}}, "section_nav": [{"id": "overview", "label": "Overview"}, {"id": "price-action", "label": "Price"}, {"id": "volume-demand", "label": "Volume"}, {"id": "momentum", "label": "Momentum"}, {"id": "fundamentals", "label": "Fundamentals"}, {"id": "ownership-flow", "label": "Ownership & Flow"}, {"id": "catalysts-risk", "label": "Catalysts & Risk"}, {"id": "peer-context", "label": "Peer Context"}, {"id": "weekly-data", "label": "Weekly Data"}]}, "chart_url": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/", "api_path": "/terminal/6a1fc852-dc0d-4a1c-baa8-deca8c484218/report/api/"}