{
  "ticker": {
    "uuid": "33f7d12a-fbbe-4ffe-abff-9073fee2a7e1",
    "symbol": "JABS",
    "name": "JANUS HENDERSON ASSET-BACKED SECURITIES ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "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": 49.82,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 48.297111,
    "boundary_margin": 0.031532,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.016274,
    "volatility_stability": 0.7873,
    "risk_context": 1.5,
    "current_regime": {
      "move": 0.00317,
      "interruption": 0.0,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 91.154,
    "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 remains in its early lifecycle.",
      "boundary_context": "The latest close is 3.2% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-24",
        "close": 49.662571,
        "direction_boundary": 48.057304,
        "core_momentum": 0.033403,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.016567
      },
      {
        "date": "2026-07-31",
        "close": 49.775,
        "direction_boundary": 48.201188,
        "core_momentum": 0.032651,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.016639
      },
      {
        "date": "2026-08-07",
        "close": 49.82,
        "direction_boundary": 48.297111,
        "core_momentum": 0.031532,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.016274
      }
    ],
    "price_history": [
      {
        "date": "2025-07-25",
        "close": 48.057304,
        "volume": 6469
      },
      {
        "date": "2025-08-01",
        "close": 48.201188,
        "volume": 6178
      },
      {
        "date": "2025-08-08",
        "close": 48.297111,
        "volume": 3985
      },
      {
        "date": "2025-08-15",
        "close": 48.338741,
        "volume": 2426
      },
      {
        "date": "2025-08-22",
        "close": 48.466127,
        "volume": 9505
      },
      {
        "date": "2025-08-29",
        "close": 48.493752,
        "volume": 9027
      },
      {
        "date": "2025-09-05",
        "close": 48.607356,
        "volume": 4414
      },
      {
        "date": "2025-09-12",
        "close": 48.640692,
        "volume": 6577
      },
      {
        "date": "2025-09-19",
        "close": 48.694069,
        "volume": 42824
      },
      {
        "date": "2025-09-26",
        "close": 48.534421,
        "volume": 11801
      },
      {
        "date": "2025-10-03",
        "close": 48.622058,
        "volume": 3857
      },
      {
        "date": "2025-10-10",
        "close": 48.626896,
        "volume": 16246
      },
      {
        "date": "2025-10-17",
        "close": 48.801161,
        "volume": 15798
      },
      {
        "date": "2025-10-24",
        "close": 48.728494,
        "volume": 6368
      },
      {
        "date": "2025-10-31",
        "close": 48.709142,
        "volume": 6523
      },
      {
        "date": "2025-11-07",
        "close": 48.781356,
        "volume": 17194
      },
      {
        "date": "2025-11-14",
        "close": 48.825072,
        "volume": 5889
      },
      {
        "date": "2025-11-21",
        "close": 48.984778,
        "volume": 3528
      },
      {
        "date": "2025-11-28",
        "close": 49.009647,
        "volume": 2343
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      {
        "date": "2025-12-05",
        "close": 48.933415,
        "volume": 3372
      },
      {
        "date": "2025-12-12",
        "close": 49.006476,
        "volume": 2386
      },
      {
        "date": "2025-12-19",
        "close": 49.123529,
        "volume": 1688
      },
      {
        "date": "2025-12-26",
        "close": 49.201152,
        "volume": 2344
      },
      {
        "date": "2026-01-02",
        "close": 49.161936,
        "volume": 2610
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      {
        "date": "2026-01-09",
        "close": 49.277427,
        "volume": 9491
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        "date": "2026-01-16",
        "close": 49.313897,
        "volume": 33778
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      {
        "date": "2026-01-23",
        "close": 49.210956,
        "volume": 41968
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      {
        "date": "2026-01-30",
        "close": 49.30524,
        "volume": 5631
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      {
        "date": "2026-02-06",
        "close": 49.445783,
        "volume": 8840
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        "date": "2026-02-13",
        "close": 49.652463,
        "volume": 2676
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      {
        "date": "2026-02-20",
        "close": 49.538494,
        "volume": 1799
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        "date": "2026-02-27",
        "close": 49.695272,
        "volume": 7139
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      {
        "date": "2026-03-06",
        "close": 49.5847,
        "volume": 4565
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      {
        "date": "2026-03-13",
        "close": 49.460592,
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      {
        "date": "2026-03-20",
        "close": 49.322254,
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      {
        "date": "2026-03-27",
        "close": 49.243204,
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      {
        "date": "2026-04-03",
        "close": 49.442512,
        "volume": 14537
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      {
        "date": "2026-04-10",
        "close": 49.541725,
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      {
        "date": "2026-04-17",
        "close": 49.703441,
        "volume": 299008
      },
      {
        "date": "2026-04-24",
        "close": 49.720307,
        "volume": 9134
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      {
        "date": "2026-05-01",
        "close": 49.535842,
        "volume": 19941
      },
      {
        "date": "2026-05-08",
        "close": 49.590413,
        "volume": 3087
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      {
        "date": "2026-05-15",
        "close": 49.520959,
        "volume": 173621
      },
      {
        "date": "2026-05-22",
        "close": 49.542192,
        "volume": 69120
      },
      {
        "date": "2026-05-29",
        "close": 49.663223,
        "volume": 8217
      },
      {
        "date": "2026-06-05",
        "close": 49.648083,
        "volume": 13950
      },
      {
        "date": "2026-06-12",
        "close": 49.797491,
        "volume": 9064
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      {
        "date": "2026-06-19",
        "close": 49.677965,
        "volume": 3781
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      {
        "date": "2026-06-26",
        "close": 49.669757,
        "volume": 5158
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      {
        "date": "2026-07-03",
        "close": 49.662571,
        "volume": 11662
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      {
        "date": "2026-07-10",
        "close": 49.63767,
        "volume": 10109
      },
      {
        "date": "2026-07-17",
        "close": 49.727314,
        "volume": 9607
      },
      {
        "date": "2026-07-24",
        "close": 49.662571,
        "volume": 4454
      },
      {
        "date": "2026-07-31",
        "close": 49.775,
        "volume": 65425
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      {
        "date": "2026-08-07",
        "close": 49.82,
        "volume": 93338
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    ],
    "sharemaestro_context": {
      "trend": 49.570396,
      "fair_value": 49.186094,
      "market_activity": 24.908664,
      "market_dynamics": -0.507302,
      "relative_strength": -9.938458
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "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": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.00317
      }
    ]
  }
}