{
  "ticker": {
    "uuid": "05ae7440-7587-4ab4-adb5-cc775cd46907",
    "symbol": "257A",
    "name": "SMT ETF Selected Japan Equity Active",
    "exchange": "JPX",
    "country": "JP",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 3379.0,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 2372.655518,
    "boundary_margin": 0.424143,
    "trend_agreement": "Fully aligned",
    "persistence": "Mature",
    "direction_turnover": "Low",
    "annualized_volatility": 0.191338,
    "volatility_stability": 0.5996,
    "risk_context": 0.5226,
    "current_regime": {
      "move": 0.365114,
      "interruption": -0.17781,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 100.0,
    "interpretation": {
      "label": "Positive across all Trend views",
      "headline": "All measured Trend views are positive",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend has persisted into a mature lifecycle.",
      "boundary_context": "The latest close is 42.4% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-09-19",
        "close": 2475.251465,
        "direction_boundary": 1977.707764,
        "core_momentum": 0.251576,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.224799
      },
      {
        "date": "2025-09-26",
        "close": 2503.141602,
        "direction_boundary": 2112.191895,
        "core_momentum": 0.185092,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.22181
      },
      {
        "date": "2025-10-03",
        "close": 2500.15332,
        "direction_boundary": 2054.838379,
        "core_momentum": 0.216715,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118183
      },
      {
        "date": "2025-10-10",
        "close": 2591.79248,
        "direction_boundary": 2089.447998,
        "core_momentum": 0.24042,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.120795
      },
      {
        "date": "2025-10-17",
        "close": 2544.976807,
        "direction_boundary": 2061.760498,
        "core_momentum": 0.234371,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.126314
      },
      {
        "date": "2025-10-24",
        "close": 2588.804199,
        "direction_boundary": 1978.696533,
        "core_momentum": 0.308338,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.120632
      },
      {
        "date": "2025-10-31",
        "close": 2712.317871,
        "direction_boundary": 2017.261963,
        "core_momentum": 0.344554,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.127467
      },
      {
        "date": "2025-11-07",
        "close": 2672.474854,
        "direction_boundary": 2111.202881,
        "core_momentum": 0.265854,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.131056
      },
      {
        "date": "2025-11-14",
        "close": 2790.011963,
        "direction_boundary": 2088.459473,
        "core_momentum": 0.335919,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.137416
      },
      {
        "date": "2025-11-21",
        "close": 2607.729736,
        "direction_boundary": 2064.727051,
        "core_momentum": 0.26299,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.175256
      },
      {
        "date": "2025-11-28",
        "close": 2677.455078,
        "direction_boundary": 2024.183838,
        "core_momentum": 0.322733,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.17556
      },
      {
        "date": "2025-12-05",
        "close": 2700.36499,
        "direction_boundary": 2096.370117,
        "core_momentum": 0.288115,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.17392
      },
      {
        "date": "2025-12-12",
        "close": 2715.306152,
        "direction_boundary": 2105.27002,
        "core_momentum": 0.289766,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.173337
      },
      {
        "date": "2025-12-19",
        "close": 2673.470947,
        "direction_boundary": 2087.470459,
        "core_momentum": 0.280723,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176231
      },
      {
        "date": "2025-12-26",
        "close": 2703.353027,
        "direction_boundary": 2184.378418,
        "core_momentum": 0.237585,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.171973
      },
      {
        "date": "2026-01-02",
        "close": 2684.427734,
        "direction_boundary": 2155.701416,
        "core_momentum": 0.245269,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.170643
      },
      {
        "date": "2026-01-09",
        "close": 2793.0,
        "direction_boundary": 2143.835205,
        "core_momentum": 0.302805,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.175093
      },
      {
        "date": "2026-01-16",
        "close": 3470.0,
        "direction_boundary": 2099.192627,
        "core_momentum": 0.653016,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.337881
      },
      {
        "date": "2026-01-23",
        "close": 2884.0,
        "direction_boundary": 2167.644531,
        "core_momentum": 0.330476,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.437297
      },
      {
        "date": "2026-01-30",
        "close": 2853.0,
        "direction_boundary": 2142.843018,
        "core_momentum": 0.331409,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.437762
      },
      {
        "date": "2026-02-06",
        "close": 2940.0,
        "direction_boundary": 2099.192627,
        "core_momentum": 0.400538,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.438443
      },
      {
        "date": "2026-02-13",
        "close": 3104.0,
        "direction_boundary": 2107.12915,
        "core_momentum": 0.473094,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.442551
      },
      {
        "date": "2026-02-20",
        "close": 3114.0,
        "direction_boundary": 2085.303711,
        "core_momentum": 0.493308,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.441326
      },
      {
        "date": "2026-02-27",
        "close": 3102.0,
        "direction_boundary": 1994.034546,
        "core_momentum": 0.55564,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.441475
      },
      {
        "date": "2026-03-06",
        "close": 3083.0,
        "direction_boundary": 2013.87561,
        "core_momentum": 0.530879,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.441815
      },
      {
        "date": "2026-03-13",
        "close": 2997.0,
        "direction_boundary": 2041.653198,
        "core_momentum": 0.467928,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.443562
      },
      {
        "date": "2026-03-20",
        "close": 3015.0,
        "direction_boundary": 2093.240234,
        "core_momentum": 0.440351,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.443466
      },
      {
        "date": "2026-03-27",
        "close": 2960.0,
        "direction_boundary": 2053.557861,
        "core_momentum": 0.441401,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.444882
      },
      {
        "date": "2026-04-03",
        "close": 3000.0,
        "direction_boundary": 1815.464355,
        "core_momentum": 0.65247,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.444842
      },
      {
        "date": "2026-04-10",
        "close": 3143.0,
        "direction_boundary": 1812.488159,
        "core_momentum": 0.73408,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.446458
      },
      {
        "date": "2026-04-17",
        "close": 3205.0,
        "direction_boundary": 1867.05127,
        "core_momentum": 0.716611,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.445189
      },
      {
        "date": "2026-04-24",
        "close": 3180.0,
        "direction_boundary": 1940.463501,
        "core_momentum": 0.638784,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.44561
      },
      {
        "date": "2026-05-01",
        "close": 3166.0,
        "direction_boundary": 2001.971069,
        "core_momentum": 0.581441,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.442354
      },
      {
        "date": "2026-05-08",
        "close": 3300.0,
        "direction_boundary": 2052.566162,
        "core_momentum": 0.607744,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.443953
      },
      {
        "date": "2026-05-15",
        "close": 3257.0,
        "direction_boundary": 2104.152832,
        "core_momentum": 0.547891,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.441942
      },
      {
        "date": "2026-05-22",
        "close": 3338.0,
        "direction_boundary": 2125.978271,
        "core_momentum": 0.570101,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.429584
      },
      {
        "date": "2026-05-29",
        "close": 3423.0,
        "direction_boundary": 2179.549316,
        "core_momentum": 0.570508,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.42949
      },
      {
        "date": "2026-06-05",
        "close": 3407.0,
        "direction_boundary": 2160.700195,
        "core_momentum": 0.576804,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.429937
      },
      {
        "date": "2026-06-12",
        "close": 3354.404053,
        "direction_boundary": 2156.731934,
        "core_momentum": 0.555318,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.431264
      },
      {
        "date": "2026-06-19",
        "close": 3567.603271,
        "direction_boundary": 2191.453857,
        "core_momentum": 0.627962,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.436044
      },
      {
        "date": "2026-06-26",
        "close": 3469.969971,
        "direction_boundary": 2268.834473,
        "core_momentum": 0.529406,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.439359
      },
      {
        "date": "2026-07-03",
        "close": 3502.846436,
        "direction_boundary": 2238.080566,
        "core_momentum": 0.565112,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.438705
      },
      {
        "date": "2026-07-10",
        "close": 3475.0,
        "direction_boundary": 2221.251953,
        "core_momentum": 0.564433,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.437288
      },
      {
        "date": "2026-07-17",
        "close": 3293.0,
        "direction_boundary": 2257.110596,
        "core_momentum": 0.458945,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.325973
      },
      {
        "date": "2026-07-24",
        "close": 3399.0,
        "direction_boundary": 2331.816406,
        "core_momentum": 0.457662,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.194854
      },
      {
        "date": "2026-07-31",
        "close": 3376.0,
        "direction_boundary": 2321.855713,
        "core_momentum": 0.454009,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.194226
      },
      {
        "date": "2026-08-07",
        "close": 3379.0,
        "direction_boundary": 2372.655518,
        "core_momentum": 0.424143,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.191338
      }
    ],
    "price_history": [
      {
        "date": "2024-09-20",
        "close": 1977.707764,
        "volume": 0
      },
      {
        "date": "2024-09-27",
        "close": 2112.191895,
        "volume": 6931
      },
      {
        "date": "2024-10-04",
        "close": 2054.838379,
        "volume": 6345
      },
      {
        "date": "2024-10-11",
        "close": 2089.447998,
        "volume": 872
      },
      {
        "date": "2024-10-18",
        "close": 2061.760498,
        "volume": 6215
      },
      {
        "date": "2024-10-25",
        "close": 1978.696533,
        "volume": 511
      },
      {
        "date": "2024-11-01",
        "close": 2017.261963,
        "volume": 6834
      },
      {
        "date": "2024-11-08",
        "close": 2111.202881,
        "volume": 1483
      },
      {
        "date": "2024-11-15",
        "close": 2088.459473,
        "volume": 292
      },
      {
        "date": "2024-11-22",
        "close": 2064.727051,
        "volume": 1145
      },
      {
        "date": "2024-11-29",
        "close": 2024.183838,
        "volume": 6307
      },
      {
        "date": "2024-12-06",
        "close": 2096.370117,
        "volume": 1368
      },
      {
        "date": "2024-12-13",
        "close": 2105.27002,
        "volume": 681
      },
      {
        "date": "2024-12-20",
        "close": 2087.470459,
        "volume": 361
      },
      {
        "date": "2024-12-27",
        "close": 2184.378418,
        "volume": 4759
      },
      {
        "date": "2025-01-03",
        "close": 2155.701416,
        "volume": 625
      },
      {
        "date": "2025-01-10",
        "close": 2143.835205,
        "volume": 28353
      },
      {
        "date": "2025-01-17",
        "close": 2099.192627,
        "volume": 29417
      },
      {
        "date": "2025-01-24",
        "close": 2167.644531,
        "volume": 16434
      },
      {
        "date": "2025-01-31",
        "close": 2142.843018,
        "volume": 15077
      },
      {
        "date": "2025-02-07",
        "close": 2099.192627,
        "volume": 25984
      },
      {
        "date": "2025-02-14",
        "close": 2107.12915,
        "volume": 583
      },
      {
        "date": "2025-02-21",
        "close": 2085.303711,
        "volume": 815
      },
      {
        "date": "2025-02-28",
        "close": 1994.034546,
        "volume": 5591
      },
      {
        "date": "2025-03-07",
        "close": 2013.87561,
        "volume": 11988
      },
      {
        "date": "2025-03-14",
        "close": 2041.653198,
        "volume": 782
      },
      {
        "date": "2025-03-21",
        "close": 2093.240234,
        "volume": 4605
      },
      {
        "date": "2025-03-28",
        "close": 2053.557861,
        "volume": 111
      },
      {
        "date": "2025-04-04",
        "close": 1815.464355,
        "volume": 956
      },
      {
        "date": "2025-04-11",
        "close": 1812.488159,
        "volume": 14602
      },
      {
        "date": "2025-04-18",
        "close": 1867.05127,
        "volume": 287
      },
      {
        "date": "2025-04-25",
        "close": 1940.463501,
        "volume": 169
      },
      {
        "date": "2025-05-02",
        "close": 2001.971069,
        "volume": 10055
      },
      {
        "date": "2025-05-09",
        "close": 2052.566162,
        "volume": 21
      },
      {
        "date": "2025-05-16",
        "close": 2104.152832,
        "volume": 738
      },
      {
        "date": "2025-05-23",
        "close": 2125.978271,
        "volume": 64
      },
      {
        "date": "2025-05-30",
        "close": 2179.549316,
        "volume": 1557
      },
      {
        "date": "2025-06-06",
        "close": 2160.700195,
        "volume": 1178
      },
      {
        "date": "2025-06-13",
        "close": 2156.731934,
        "volume": 142
      },
      {
        "date": "2025-06-20",
        "close": 2191.453857,
        "volume": 1173
      },
      {
        "date": "2025-06-27",
        "close": 2268.834473,
        "volume": 536
      },
      {
        "date": "2025-07-04",
        "close": 2238.080566,
        "volume": 233
      },
      {
        "date": "2025-07-11",
        "close": 2221.251953,
        "volume": 67
      },
      {
        "date": "2025-07-18",
        "close": 2257.110596,
        "volume": 193
      },
      {
        "date": "2025-07-25",
        "close": 2331.816406,
        "volume": 239
      },
      {
        "date": "2025-08-01",
        "close": 2321.855713,
        "volume": 344
      },
      {
        "date": "2025-08-08",
        "close": 2372.655518,
        "volume": 793
      },
      {
        "date": "2025-08-15",
        "close": 2432.420166,
        "volume": 2186
      },
      {
        "date": "2025-08-22",
        "close": 2397.557373,
        "volume": 1241
      },
      {
        "date": "2025-08-29",
        "close": 2394.569336,
        "volume": 1100
      },
      {
        "date": "2025-09-05",
        "close": 2393.573242,
        "volume": 108
      },
      {
        "date": "2025-09-12",
        "close": 2473.259277,
        "volume": 1561
      },
      {
        "date": "2025-09-19",
        "close": 2475.251465,
        "volume": 1818
      },
      {
        "date": "2025-09-26",
        "close": 2503.141602,
        "volume": 230
      },
      {
        "date": "2025-10-03",
        "close": 2500.15332,
        "volume": 607
      },
      {
        "date": "2025-10-10",
        "close": 2591.79248,
        "volume": 4040
      },
      {
        "date": "2025-10-17",
        "close": 2544.976807,
        "volume": 393
      },
      {
        "date": "2025-10-24",
        "close": 2588.804199,
        "volume": 285
      },
      {
        "date": "2025-10-31",
        "close": 2712.317871,
        "volume": 1950
      },
      {
        "date": "2025-11-07",
        "close": 2672.474854,
        "volume": 3086
      },
      {
        "date": "2025-11-14",
        "close": 2790.011963,
        "volume": 1081
      },
      {
        "date": "2025-11-21",
        "close": 2607.729736,
        "volume": 1595
      },
      {
        "date": "2025-11-28",
        "close": 2677.455078,
        "volume": 314
      },
      {
        "date": "2025-12-05",
        "close": 2700.36499,
        "volume": 856
      },
      {
        "date": "2025-12-12",
        "close": 2715.306152,
        "volume": 766
      },
      {
        "date": "2025-12-19",
        "close": 2673.470947,
        "volume": 587
      },
      {
        "date": "2025-12-26",
        "close": 2703.353027,
        "volume": 990
      },
      {
        "date": "2026-01-02",
        "close": 2684.427734,
        "volume": 303
      },
      {
        "date": "2026-01-09",
        "close": 2793.0,
        "volume": 1129
      },
      {
        "date": "2026-01-16",
        "close": 3470.0,
        "volume": 1320
      },
      {
        "date": "2026-01-23",
        "close": 2884.0,
        "volume": 55994
      },
      {
        "date": "2026-01-30",
        "close": 2853.0,
        "volume": 4769
      },
      {
        "date": "2026-02-06",
        "close": 2940.0,
        "volume": 22664
      },
      {
        "date": "2026-02-13",
        "close": 3104.0,
        "volume": 6428
      },
      {
        "date": "2026-02-20",
        "close": 3114.0,
        "volume": 19066
      },
      {
        "date": "2026-02-27",
        "close": 3102.0,
        "volume": 4000
      },
      {
        "date": "2026-03-06",
        "close": 3083.0,
        "volume": 2802
      },
      {
        "date": "2026-03-13",
        "close": 2997.0,
        "volume": 2405
      },
      {
        "date": "2026-03-20",
        "close": 3015.0,
        "volume": 734
      },
      {
        "date": "2026-03-27",
        "close": 2960.0,
        "volume": 1081
      },
      {
        "date": "2026-04-03",
        "close": 3000.0,
        "volume": 2198
      },
      {
        "date": "2026-04-10",
        "close": 3143.0,
        "volume": 1116
      },
      {
        "date": "2026-04-17",
        "close": 3205.0,
        "volume": 2943
      },
      {
        "date": "2026-04-24",
        "close": 3180.0,
        "volume": 1026
      },
      {
        "date": "2026-05-01",
        "close": 3166.0,
        "volume": 271
      },
      {
        "date": "2026-05-08",
        "close": 3300.0,
        "volume": 605
      },
      {
        "date": "2026-05-15",
        "close": 3257.0,
        "volume": 2064
      },
      {
        "date": "2026-05-22",
        "close": 3338.0,
        "volume": 1103
      },
      {
        "date": "2026-05-29",
        "close": 3423.0,
        "volume": 2204
      },
      {
        "date": "2026-06-05",
        "close": 3407.0,
        "volume": 709
      },
      {
        "date": "2026-06-12",
        "close": 3354.404053,
        "volume": 564
      },
      {
        "date": "2026-06-19",
        "close": 3567.603271,
        "volume": 1065
      },
      {
        "date": "2026-06-26",
        "close": 3469.969971,
        "volume": 298
      },
      {
        "date": "2026-07-03",
        "close": 3502.846436,
        "volume": 105
      },
      {
        "date": "2026-07-10",
        "close": 3475.0,
        "volume": 3485
      },
      {
        "date": "2026-07-17",
        "close": 3293.0,
        "volume": 1233
      },
      {
        "date": "2026-07-24",
        "close": 3399.0,
        "volume": 2454
      },
      {
        "date": "2026-07-31",
        "close": 3376.0,
        "volume": 1552
      },
      {
        "date": "2026-08-07",
        "close": 3379.0,
        "volume": 735
      }
    ],
    "sharemaestro_context": {
      "trend": 3225.260791,
      "fair_value": 2550.046288,
      "market_activity": 13.357721,
      "market_dynamics": -0.437533,
      "relative_strength": -4.241913
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.028613,
        "directional_follow_through": 0.7273,
        "regime_survival": 1.0,
        "conditional_difference": -0.001293,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.127747,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.02333,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.218058,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.010308,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2025-09-19",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.365114
      }
    ]
  }
}