{
  "ticker": {
    "uuid": "48d15107-fc96-4ee7-ba57-2c5db554b974",
    "symbol": "218A",
    "name": "LIBERAWARE CO LTD",
    "exchange": "JPX",
    "country": "JP",
    "assetType": "equity"
  },
  "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": 1055.0,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 1887.0,
    "boundary_margin": -0.440911,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.646251,
    "volatility_stability": 1.1336,
    "risk_context": 0.1547,
    "current_regime": {
      "move": -0.160032,
      "interruption": 0.453571,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 82.199,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "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 44.1% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2025-08-01",
        "close": 1680.0,
        "direction_boundary": 410.0,
        "core_momentum": 3.097561,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.928069
      },
      {
        "date": "2025-08-08",
        "close": 1887.0,
        "direction_boundary": 390.0,
        "core_momentum": 3.838462,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.924258
      },
      {
        "date": "2025-08-15",
        "close": 2007.0,
        "direction_boundary": 382.0,
        "core_momentum": 4.253927,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.915438
      },
      {
        "date": "2025-08-22",
        "close": 1919.0,
        "direction_boundary": 396.0,
        "core_momentum": 3.84596,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.884652
      },
      {
        "date": "2025-08-29",
        "close": 2154.0,
        "direction_boundary": 427.0,
        "core_momentum": 4.044496,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.879715
      },
      {
        "date": "2025-09-05",
        "close": 2245.0,
        "direction_boundary": 403.0,
        "core_momentum": 4.57072,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.860858
      },
      {
        "date": "2025-09-12",
        "close": 2274.0,
        "direction_boundary": 420.0,
        "core_momentum": 4.414286,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.837607
      },
      {
        "date": "2025-09-19",
        "close": 2635.0,
        "direction_boundary": 525.0,
        "core_momentum": 4.019048,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.782448
      },
      {
        "date": "2025-09-26",
        "close": 2631.0,
        "direction_boundary": 660.0,
        "core_momentum": 2.986364,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.779126
      },
      {
        "date": "2025-10-03",
        "close": 2416.0,
        "direction_boundary": 745.0,
        "core_momentum": 2.242953,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.740587
      },
      {
        "date": "2025-10-10",
        "close": 1717.0,
        "direction_boundary": 596.0,
        "core_momentum": 1.880872,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.890632
      },
      {
        "date": "2025-10-17",
        "close": 1717.0,
        "direction_boundary": 478.0,
        "core_momentum": 2.59205,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.890755
      },
      {
        "date": "2025-10-24",
        "close": 1790.0,
        "direction_boundary": 437.0,
        "core_momentum": 3.09611,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.869835
      },
      {
        "date": "2025-10-31",
        "close": 1805.0,
        "direction_boundary": 441.0,
        "core_momentum": 3.092971,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.85967
      },
      {
        "date": "2025-11-07",
        "close": 1647.0,
        "direction_boundary": 423.0,
        "core_momentum": 2.893617,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.871173
      },
      {
        "date": "2025-11-14",
        "close": 1585.0,
        "direction_boundary": 426.0,
        "core_momentum": 2.720657,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.87201
      },
      {
        "date": "2025-11-21",
        "close": 1376.0,
        "direction_boundary": 431.0,
        "core_momentum": 2.192575,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.826863
      },
      {
        "date": "2025-11-28",
        "close": 1398.0,
        "direction_boundary": 445.0,
        "core_momentum": 2.141573,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.816533
      },
      {
        "date": "2025-12-05",
        "close": 1341.0,
        "direction_boundary": 399.0,
        "core_momentum": 2.360902,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.817944
      },
      {
        "date": "2025-12-12",
        "close": 1262.0,
        "direction_boundary": 416.0,
        "core_momentum": 2.033654,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.721697
      },
      {
        "date": "2025-12-19",
        "close": 1119.0,
        "direction_boundary": 469.0,
        "core_momentum": 1.385928,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.736792
      },
      {
        "date": "2025-12-26",
        "close": 1262.0,
        "direction_boundary": 430.0,
        "core_momentum": 1.934884,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.734311
      },
      {
        "date": "2026-01-02",
        "close": 1244.0,
        "direction_boundary": 450.0,
        "core_momentum": 1.764444,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.729366
      },
      {
        "date": "2026-01-09",
        "close": 1480.0,
        "direction_boundary": 415.0,
        "core_momentum": 2.566265,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.755334
      },
      {
        "date": "2026-01-16",
        "close": 1535.0,
        "direction_boundary": 404.0,
        "core_momentum": 2.799505,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.756084
      },
      {
        "date": "2026-01-23",
        "close": 1482.0,
        "direction_boundary": 413.0,
        "core_momentum": 2.588378,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.751897
      },
      {
        "date": "2026-01-30",
        "close": 1400.0,
        "direction_boundary": 471.0,
        "core_momentum": 1.972399,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.750105
      },
      {
        "date": "2026-02-06",
        "close": 1411.0,
        "direction_boundary": 541.0,
        "core_momentum": 1.608133,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.72927
      },
      {
        "date": "2026-02-13",
        "close": 1381.0,
        "direction_boundary": 621.0,
        "core_momentum": 1.223833,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.721739
      },
      {
        "date": "2026-02-20",
        "close": 1398.0,
        "direction_boundary": 779.0,
        "core_momentum": 0.794608,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.721261
      },
      {
        "date": "2026-02-27",
        "close": 1519.0,
        "direction_boundary": 731.0,
        "core_momentum": 1.077975,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.711085
      },
      {
        "date": "2026-03-06",
        "close": 1517.0,
        "direction_boundary": 672.0,
        "core_momentum": 1.25744,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.706956
      },
      {
        "date": "2026-03-13",
        "close": 1570.0,
        "direction_boundary": 810.0,
        "core_momentum": 0.938272,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.709279
      },
      {
        "date": "2026-03-20",
        "close": 1492.0,
        "direction_boundary": 1067.0,
        "core_momentum": 0.398313,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.671211
      },
      {
        "date": "2026-03-27",
        "close": 1446.0,
        "direction_boundary": 1038.0,
        "core_momentum": 0.393064,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.670675
      },
      {
        "date": "2026-04-03",
        "close": 1385.0,
        "direction_boundary": 873.0,
        "core_momentum": 0.586483,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.665379
      },
      {
        "date": "2026-04-10",
        "close": 1303.0,
        "direction_boundary": 1018.0,
        "core_momentum": 0.279961,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.48461
      },
      {
        "date": "2026-04-17",
        "close": 1200.0,
        "direction_boundary": 1021.0,
        "core_momentum": 0.175318,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.49436
      },
      {
        "date": "2026-04-24",
        "close": 1385.0,
        "direction_boundary": 911.0,
        "core_momentum": 0.520307,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.535584
      },
      {
        "date": "2026-05-01",
        "close": 1432.0,
        "direction_boundary": 1026.0,
        "core_momentum": 0.395712,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.538403
      },
      {
        "date": "2026-05-08",
        "close": 1515.0,
        "direction_boundary": 995.0,
        "core_momentum": 0.522613,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.532005
      },
      {
        "date": "2026-05-15",
        "close": 1457.0,
        "direction_boundary": 964.0,
        "core_momentum": 0.511411,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.532094
      },
      {
        "date": "2026-05-22",
        "close": 1368.0,
        "direction_boundary": 1250.0,
        "core_momentum": 0.0944,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.50162
      },
      {
        "date": "2026-05-29",
        "close": 1256.0,
        "direction_boundary": 1375.0,
        "core_momentum": -0.086545,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.514618
      },
      {
        "date": "2026-06-05",
        "close": 1169.0,
        "direction_boundary": 1342.0,
        "core_momentum": -0.128912,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.520677
      },
      {
        "date": "2026-06-12",
        "close": 1038.0,
        "direction_boundary": 1760.0,
        "core_momentum": -0.410227,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.538977
      },
      {
        "date": "2026-06-19",
        "close": 840.0,
        "direction_boundary": 1749.0,
        "core_momentum": -0.519726,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.589721
      },
      {
        "date": "2026-06-26",
        "close": 898.0,
        "direction_boundary": 1504.0,
        "core_momentum": -0.402926,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.570246
      },
      {
        "date": "2026-07-03",
        "close": 1030.0,
        "direction_boundary": 1585.0,
        "core_momentum": -0.350158,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.607084
      },
      {
        "date": "2026-07-10",
        "close": 1221.0,
        "direction_boundary": 1768.0,
        "core_momentum": -0.309389,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.604955
      },
      {
        "date": "2026-07-17",
        "close": 1028.0,
        "direction_boundary": 1699.0,
        "core_momentum": -0.394938,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.642648
      },
      {
        "date": "2026-07-24",
        "close": 1022.0,
        "direction_boundary": 1800.0,
        "core_momentum": -0.432222,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.642133
      },
      {
        "date": "2026-07-31",
        "close": 1082.0,
        "direction_boundary": 1680.0,
        "core_momentum": -0.355952,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.646438
      },
      {
        "date": "2026-08-07",
        "close": 1055.0,
        "direction_boundary": 1887.0,
        "core_momentum": -0.440911,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.646251
      }
    ],
    "price_history": [
      {
        "date": "2024-08-02",
        "close": 410.0,
        "volume": 8616300
      },
      {
        "date": "2024-08-09",
        "close": 390.0,
        "volume": 1897800
      },
      {
        "date": "2024-08-16",
        "close": 382.0,
        "volume": 735000
      },
      {
        "date": "2024-08-23",
        "close": 396.0,
        "volume": 2710000
      },
      {
        "date": "2024-08-30",
        "close": 427.0,
        "volume": 1169000
      },
      {
        "date": "2024-09-06",
        "close": 403.0,
        "volume": 2922200
      },
      {
        "date": "2024-09-13",
        "close": 420.0,
        "volume": 474300
      },
      {
        "date": "2024-09-20",
        "close": 525.0,
        "volume": 19880700
      },
      {
        "date": "2024-09-27",
        "close": 660.0,
        "volume": 16973000
      },
      {
        "date": "2024-10-04",
        "close": 745.0,
        "volume": 24282100
      },
      {
        "date": "2024-10-11",
        "close": 596.0,
        "volume": 9135200
      },
      {
        "date": "2024-10-18",
        "close": 478.0,
        "volume": 3707000
      },
      {
        "date": "2024-10-25",
        "close": 437.0,
        "volume": 3676800
      },
      {
        "date": "2024-11-01",
        "close": 441.0,
        "volume": 2877500
      },
      {
        "date": "2024-11-08",
        "close": 423.0,
        "volume": 2154100
      },
      {
        "date": "2024-11-15",
        "close": 426.0,
        "volume": 1049500
      },
      {
        "date": "2024-11-22",
        "close": 431.0,
        "volume": 1461100
      },
      {
        "date": "2024-11-29",
        "close": 445.0,
        "volume": 2514600
      },
      {
        "date": "2024-12-06",
        "close": 399.0,
        "volume": 1277800
      },
      {
        "date": "2024-12-13",
        "close": 416.0,
        "volume": 1227700
      },
      {
        "date": "2024-12-20",
        "close": 469.0,
        "volume": 5034100
      },
      {
        "date": "2024-12-27",
        "close": 430.0,
        "volume": 1007500
      },
      {
        "date": "2025-01-03",
        "close": 450.0,
        "volume": 236100
      },
      {
        "date": "2025-01-10",
        "close": 415.0,
        "volume": 1001200
      },
      {
        "date": "2025-01-17",
        "close": 404.0,
        "volume": 459900
      },
      {
        "date": "2025-01-24",
        "close": 413.0,
        "volume": 500600
      },
      {
        "date": "2025-01-31",
        "close": 471.0,
        "volume": 7598300
      },
      {
        "date": "2025-02-07",
        "close": 541.0,
        "volume": 9769700
      },
      {
        "date": "2025-02-14",
        "close": 621.0,
        "volume": 23574400
      },
      {
        "date": "2025-02-21",
        "close": 779.0,
        "volume": 32929100
      },
      {
        "date": "2025-02-28",
        "close": 731.0,
        "volume": 16280800
      },
      {
        "date": "2025-03-07",
        "close": 672.0,
        "volume": 7875700
      },
      {
        "date": "2025-03-14",
        "close": 810.0,
        "volume": 6108800
      },
      {
        "date": "2025-03-21",
        "close": 1067.0,
        "volume": 15645300
      },
      {
        "date": "2025-03-28",
        "close": 1038.0,
        "volume": 4186900
      },
      {
        "date": "2025-04-04",
        "close": 873.0,
        "volume": 6179600
      },
      {
        "date": "2025-04-11",
        "close": 1018.0,
        "volume": 7673100
      },
      {
        "date": "2025-04-18",
        "close": 1021.0,
        "volume": 10452300
      },
      {
        "date": "2025-04-25",
        "close": 911.0,
        "volume": 5219400
      },
      {
        "date": "2025-05-02",
        "close": 1026.0,
        "volume": 10503500
      },
      {
        "date": "2025-05-09",
        "close": 995.0,
        "volume": 3372100
      },
      {
        "date": "2025-05-16",
        "close": 964.0,
        "volume": 3383000
      },
      {
        "date": "2025-05-23",
        "close": 1250.0,
        "volume": 17080500
      },
      {
        "date": "2025-05-30",
        "close": 1375.0,
        "volume": 14832100
      },
      {
        "date": "2025-06-06",
        "close": 1342.0,
        "volume": 13165800
      },
      {
        "date": "2025-06-13",
        "close": 1760.0,
        "volume": 28416200
      },
      {
        "date": "2025-06-20",
        "close": 1749.0,
        "volume": 16904700
      },
      {
        "date": "2025-06-27",
        "close": 1504.0,
        "volume": 9320500
      },
      {
        "date": "2025-07-04",
        "close": 1585.0,
        "volume": 16296400
      },
      {
        "date": "2025-07-11",
        "close": 1768.0,
        "volume": 27451300
      },
      {
        "date": "2025-07-18",
        "close": 1699.0,
        "volume": 5502800
      },
      {
        "date": "2025-07-25",
        "close": 1800.0,
        "volume": 4029000
      },
      {
        "date": "2025-08-01",
        "close": 1680.0,
        "volume": 6639400
      },
      {
        "date": "2025-08-08",
        "close": 1887.0,
        "volume": 12987700
      },
      {
        "date": "2025-08-15",
        "close": 2007.0,
        "volume": 15351500
      },
      {
        "date": "2025-08-22",
        "close": 1919.0,
        "volume": 10940900
      },
      {
        "date": "2025-08-29",
        "close": 2154.0,
        "volume": 10290500
      },
      {
        "date": "2025-09-05",
        "close": 2245.0,
        "volume": 12130000
      },
      {
        "date": "2025-09-12",
        "close": 2274.0,
        "volume": 9945500
      },
      {
        "date": "2025-09-19",
        "close": 2635.0,
        "volume": 14833800
      },
      {
        "date": "2025-09-26",
        "close": 2631.0,
        "volume": 6676600
      },
      {
        "date": "2025-10-03",
        "close": 2416.0,
        "volume": 4728400
      },
      {
        "date": "2025-10-10",
        "close": 1717.0,
        "volume": 10702400
      },
      {
        "date": "2025-10-17",
        "close": 1717.0,
        "volume": 6872000
      },
      {
        "date": "2025-10-24",
        "close": 1790.0,
        "volume": 6952300
      },
      {
        "date": "2025-10-31",
        "close": 1805.0,
        "volume": 3800100
      },
      {
        "date": "2025-11-07",
        "close": 1647.0,
        "volume": 2399500
      },
      {
        "date": "2025-11-14",
        "close": 1585.0,
        "volume": 1827400
      },
      {
        "date": "2025-11-21",
        "close": 1376.0,
        "volume": 5065000
      },
      {
        "date": "2025-11-28",
        "close": 1398.0,
        "volume": 3366600
      },
      {
        "date": "2025-12-05",
        "close": 1341.0,
        "volume": 4539500
      },
      {
        "date": "2025-12-12",
        "close": 1262.0,
        "volume": 13038000
      },
      {
        "date": "2025-12-19",
        "close": 1119.0,
        "volume": 2889800
      },
      {
        "date": "2025-12-26",
        "close": 1262.0,
        "volume": 3651500
      },
      {
        "date": "2026-01-02",
        "close": 1244.0,
        "volume": 1540200
      },
      {
        "date": "2026-01-09",
        "close": 1480.0,
        "volume": 18489600
      },
      {
        "date": "2026-01-16",
        "close": 1535.0,
        "volume": 4110200
      },
      {
        "date": "2026-01-23",
        "close": 1482.0,
        "volume": 2894300
      },
      {
        "date": "2026-01-30",
        "close": 1400.0,
        "volume": 1772500
      },
      {
        "date": "2026-02-06",
        "close": 1411.0,
        "volume": 1586900
      },
      {
        "date": "2026-02-13",
        "close": 1381.0,
        "volume": 1732400
      },
      {
        "date": "2026-02-20",
        "close": 1398.0,
        "volume": 1518000
      },
      {
        "date": "2026-02-27",
        "close": 1519.0,
        "volume": 1552200
      },
      {
        "date": "2026-03-06",
        "close": 1517.0,
        "volume": 2893300
      },
      {
        "date": "2026-03-13",
        "close": 1570.0,
        "volume": 3898000
      },
      {
        "date": "2026-03-20",
        "close": 1492.0,
        "volume": 1817300
      },
      {
        "date": "2026-03-27",
        "close": 1446.0,
        "volume": 1852400
      },
      {
        "date": "2026-04-03",
        "close": 1385.0,
        "volume": 1344100
      },
      {
        "date": "2026-04-10",
        "close": 1303.0,
        "volume": 1443500
      },
      {
        "date": "2026-04-17",
        "close": 1200.0,
        "volume": 2314900
      },
      {
        "date": "2026-04-24",
        "close": 1385.0,
        "volume": 6048800
      },
      {
        "date": "2026-05-01",
        "close": 1432.0,
        "volume": 2963600
      },
      {
        "date": "2026-05-08",
        "close": 1515.0,
        "volume": 1637500
      },
      {
        "date": "2026-05-15",
        "close": 1457.0,
        "volume": 6965800
      },
      {
        "date": "2026-05-22",
        "close": 1368.0,
        "volume": 1756400
      },
      {
        "date": "2026-05-29",
        "close": 1256.0,
        "volume": 1192300
      },
      {
        "date": "2026-06-05",
        "close": 1169.0,
        "volume": 213800
      },
      {
        "date": "2026-06-12",
        "close": 1038.0,
        "volume": 288400
      },
      {
        "date": "2026-06-19",
        "close": 840.0,
        "volume": 428600
      },
      {
        "date": "2026-06-26",
        "close": 898.0,
        "volume": 357200
      },
      {
        "date": "2026-07-03",
        "close": 1030.0,
        "volume": 172200
      },
      {
        "date": "2026-07-10",
        "close": 1221.0,
        "volume": 8484700
      },
      {
        "date": "2026-07-17",
        "close": 1028.0,
        "volume": 3137700
      },
      {
        "date": "2026-07-24",
        "close": 1022.0,
        "volume": 1257900
      },
      {
        "date": "2026-07-31",
        "close": 1082.0,
        "volume": 1282300
      },
      {
        "date": "2026-08-07",
        "close": 1055.0,
        "volume": 593900
      }
    ],
    "sharemaestro_context": {
      "trend": 1294.5,
      "fair_value": 1156.858491,
      "market_activity": -11.906429,
      "market_dynamics": -0.555106,
      "relative_strength": -43.644937
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.073474,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": -0.026134,
        "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": "2025-08-01",
        "end": "2026-05-22",
        "tenure": "Extended",
        "return": -0.185714
      },
      {
        "direction": "negative",
        "start": "2026-05-29",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.160032
      }
    ]
  }
}