{
  "ticker": {
    "uuid": "35fb458e-be4b-4faf-9615-731dd628fbdd",
    "symbol": "HQWA",
    "name": "HSBC Plus World Equity Quant Active UCITS ETF USD Acc",
    "exchange": "MIL",
    "country": "IT",
    "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": 11.438,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 9.042,
    "boundary_margin": 0.264986,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.122175,
    "volatility_stability": 0.8217,
    "risk_context": 0.8185,
    "current_regime": {
      "move": 0.028597,
      "interruption": -0.009127,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 91.538,
    "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 26.5% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-17",
        "close": 11.12,
        "direction_boundary": 8.996,
        "core_momentum": 0.236105,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.11802
      },
      {
        "date": "2026-07-24",
        "close": 11.176,
        "direction_boundary": 9.042,
        "core_momentum": 0.23601,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.11496
      },
      {
        "date": "2026-07-31",
        "close": 11.074,
        "direction_boundary": 9.042,
        "core_momentum": 0.224729,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.115696
      },
      {
        "date": "2026-08-07",
        "close": 11.438,
        "direction_boundary": 9.042,
        "core_momentum": 0.264986,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.122175
      }
    ],
    "price_history": [
      {
        "date": "2025-07-18",
        "close": 8.996,
        "volume": 4118
      },
      {
        "date": "2025-07-25",
        "close": 9.042,
        "volume": 180
      },
      {
        "date": "2025-08-01",
        "close": 9.042,
        "volume": 0
      },
      {
        "date": "2025-08-08",
        "close": 9.042,
        "volume": 0
      },
      {
        "date": "2025-08-15",
        "close": 9.286,
        "volume": 2793
      },
      {
        "date": "2025-08-22",
        "close": 9.237,
        "volume": 4580
      },
      {
        "date": "2025-08-29",
        "close": 9.371,
        "volume": 5719
      },
      {
        "date": "2025-09-05",
        "close": 9.371,
        "volume": 0
      },
      {
        "date": "2025-09-12",
        "close": 9.371,
        "volume": 0
      },
      {
        "date": "2025-09-19",
        "close": 9.479,
        "volume": 486
      },
      {
        "date": "2025-09-26",
        "close": 9.479,
        "volume": 0
      },
      {
        "date": "2025-10-03",
        "close": 9.479,
        "volume": 0
      },
      {
        "date": "2025-10-10",
        "close": 9.748,
        "volume": 100
      },
      {
        "date": "2025-10-17",
        "close": 9.748,
        "volume": 0
      },
      {
        "date": "2025-10-24",
        "close": 9.748,
        "volume": 0
      },
      {
        "date": "2025-10-31",
        "close": 9.748,
        "volume": 0
      },
      {
        "date": "2025-11-07",
        "close": 9.607,
        "volume": 1004
      },
      {
        "date": "2025-11-14",
        "close": 9.607,
        "volume": 0
      },
      {
        "date": "2025-11-21",
        "close": 9.607,
        "volume": 0
      },
      {
        "date": "2025-11-28",
        "close": 9.86,
        "volume": 5728
      },
      {
        "date": "2025-12-05",
        "close": 9.831,
        "volume": 2300
      },
      {
        "date": "2025-12-12",
        "close": 9.916,
        "volume": 3220
      },
      {
        "date": "2025-12-19",
        "close": 9.755,
        "volume": 2262
      },
      {
        "date": "2025-12-26",
        "close": 9.755,
        "volume": 0
      },
      {
        "date": "2026-01-02",
        "close": 9.912,
        "volume": 20
      },
      {
        "date": "2026-01-09",
        "close": 9.912,
        "volume": 0
      },
      {
        "date": "2026-01-16",
        "close": 10.236,
        "volume": 1359
      },
      {
        "date": "2026-01-23",
        "close": 10.08,
        "volume": 550
      },
      {
        "date": "2026-01-30",
        "close": 10.026,
        "volume": 8250
      },
      {
        "date": "2026-02-06",
        "close": 10.11,
        "volume": 133
      },
      {
        "date": "2026-02-13",
        "close": 10.022,
        "volume": 6473
      },
      {
        "date": "2026-02-20",
        "close": 10.14,
        "volume": 4664
      },
      {
        "date": "2026-02-27",
        "close": 10.182,
        "volume": 2946
      },
      {
        "date": "2026-03-06",
        "close": 10.04,
        "volume": 97
      },
      {
        "date": "2026-03-13",
        "close": 10.04,
        "volume": 0
      },
      {
        "date": "2026-03-20",
        "close": 9.97,
        "volume": 8960
      },
      {
        "date": "2026-03-27",
        "close": 9.727,
        "volume": 22710
      },
      {
        "date": "2026-04-03",
        "close": 9.855,
        "volume": 11
      },
      {
        "date": "2026-04-10",
        "close": 9.806,
        "volume": 507
      },
      {
        "date": "2026-04-17",
        "close": 9.806,
        "volume": 0
      },
      {
        "date": "2026-04-24",
        "close": 10.444,
        "volume": 37833
      },
      {
        "date": "2026-05-01",
        "close": 10.464,
        "volume": 2133
      },
      {
        "date": "2026-05-08",
        "close": 10.692,
        "volume": 94
      },
      {
        "date": "2026-05-15",
        "close": 10.63,
        "volume": 6823
      },
      {
        "date": "2026-05-22",
        "close": 10.936,
        "volume": 6734
      },
      {
        "date": "2026-05-29",
        "close": 11.006,
        "volume": 15
      },
      {
        "date": "2026-06-05",
        "close": 11.034,
        "volume": 0
      },
      {
        "date": "2026-06-12",
        "close": 10.948,
        "volume": 970
      },
      {
        "date": "2026-06-19",
        "close": 11.056,
        "volume": 0
      },
      {
        "date": "2026-06-26",
        "close": 11.132,
        "volume": 0
      },
      {
        "date": "2026-07-03",
        "close": 11.132,
        "volume": 0
      },
      {
        "date": "2026-07-10",
        "close": 11.056,
        "volume": 26810
      },
      {
        "date": "2026-07-17",
        "close": 11.12,
        "volume": 931
      },
      {
        "date": "2026-07-24",
        "close": 11.176,
        "volume": 1509
      },
      {
        "date": "2026-07-31",
        "close": 11.074,
        "volume": 950
      },
      {
        "date": "2026-08-07",
        "close": 11.438,
        "volume": 25
      }
    ],
    "sharemaestro_context": {
      "trend": 10.5126,
      "fair_value": 10.059411,
      "market_activity": 52.986718,
      "market_dynamics": 0.688154,
      "relative_strength": -3.117398
    },
    "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": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.028597
      }
    ]
  }
}