{
  "ticker": {
    "uuid": "497a2b73-ebed-4247-9ca7-a8ce9977e04a",
    "symbol": "ETHP",
    "name": "CoinShares Ethereum Staking ETP",
    "exchange": "LSE",
    "country": "GB",
    "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": 43.080002,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 88.089996,
    "boundary_margin": -0.510955,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.451374,
    "volatility_stability": 0.9217,
    "risk_context": 0.2215,
    "current_regime": {
      "move": -0.148111,
      "interruption": 0.193683,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 90.385,
    "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 is established.",
      "boundary_context": "The latest close is 51.1% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2026-02-06",
        "close": 45.049999,
        "direction_boundary": 65.165001,
        "core_momentum": -0.308678,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.665394
      },
      {
        "date": "2026-02-13",
        "close": 45.509998,
        "direction_boundary": 64.455002,
        "core_momentum": -0.293926,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.639488
      },
      {
        "date": "2026-02-20",
        "close": 43.759998,
        "direction_boundary": 64.660004,
        "core_momentum": -0.323229,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.630299
      },
      {
        "date": "2026-02-27",
        "close": 43.555,
        "direction_boundary": 52.395,
        "core_momentum": -0.168718,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.629306
      },
      {
        "date": "2026-03-06",
        "close": 47.060001,
        "direction_boundary": 49.945,
        "core_momentum": -0.057764,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.646233
      },
      {
        "date": "2026-03-13",
        "close": 48.395,
        "direction_boundary": 44.41,
        "core_momentum": 0.089732,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.640795
      },
      {
        "date": "2026-03-20",
        "close": 48.514999,
        "direction_boundary": 45.27,
        "core_momentum": 0.071681,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.641679
      },
      {
        "date": "2026-03-27",
        "close": 45.09,
        "direction_boundary": 43.119999,
        "core_momentum": 0.045686,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.632848
      },
      {
        "date": "2026-04-03",
        "close": 46.924999,
        "direction_boundary": 41.610001,
        "core_momentum": 0.127734,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.605749
      },
      {
        "date": "2026-04-10",
        "close": 50.235001,
        "direction_boundary": 35.715,
        "core_momentum": 0.406552,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.618014
      },
      {
        "date": "2026-04-17",
        "close": 54.535,
        "direction_boundary": 35.564999,
        "core_momentum": 0.53339,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.624186
      },
      {
        "date": "2026-04-24",
        "close": 51.810001,
        "direction_boundary": 40.77,
        "core_momentum": 0.270787,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.622078
      },
      {
        "date": "2026-05-01",
        "close": 51.275002,
        "direction_boundary": 41.305,
        "core_momentum": 0.241375,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.620415
      },
      {
        "date": "2026-05-08",
        "close": 50.57,
        "direction_boundary": 51.764999,
        "core_momentum": -0.023085,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.591137
      },
      {
        "date": "2026-05-15",
        "close": 50.294998,
        "direction_boundary": 58.349998,
        "core_momentum": -0.138046,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.591084
      },
      {
        "date": "2026-05-22",
        "close": 47.705002,
        "direction_boundary": 57.09,
        "core_momentum": -0.16439,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.55118
      },
      {
        "date": "2026-05-29",
        "close": 44.865002,
        "direction_boundary": 58.009998,
        "core_momentum": -0.226599,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.532322
      },
      {
        "date": "2026-06-05",
        "close": 36.09,
        "direction_boundary": 55.52,
        "core_momentum": -0.349964,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.599698
      },
      {
        "date": "2026-06-12",
        "close": 37.959999,
        "direction_boundary": 56.209999,
        "core_momentum": -0.324675,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.607518
      },
      {
        "date": "2026-06-19",
        "close": 38.900002,
        "direction_boundary": 55.490002,
        "core_momentum": -0.298973,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.610817
      },
      {
        "date": "2026-06-26",
        "close": 36.200001,
        "direction_boundary": 53.064999,
        "core_momentum": -0.317818,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.614847
      },
      {
        "date": "2026-07-03",
        "close": 39.32,
        "direction_boundary": 55.105,
        "core_momentum": -0.286453,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.621743
      },
      {
        "date": "2026-07-10",
        "close": 40.52,
        "direction_boundary": 66.214996,
        "core_momentum": -0.388054,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.624103
      },
      {
        "date": "2026-07-17",
        "close": 41.040001,
        "direction_boundary": 78.970001,
        "core_momentum": -0.480309,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.617734
      },
      {
        "date": "2026-07-24",
        "close": 42.360001,
        "direction_boundary": 81.18,
        "core_momentum": -0.478197,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.604816
      },
      {
        "date": "2026-07-31",
        "close": 41.82,
        "direction_boundary": 81.169998,
        "core_momentum": -0.484785,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.596573
      },
      {
        "date": "2026-08-07",
        "close": 43.080002,
        "direction_boundary": 88.089996,
        "core_momentum": -0.510955,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.451374
      }
    ],
    "price_history": [
      {
        "date": "2025-02-07",
        "close": 65.165001,
        "volume": 592
      },
      {
        "date": "2025-02-14",
        "close": 64.455002,
        "volume": 0
      },
      {
        "date": "2025-02-21",
        "close": 64.660004,
        "volume": 430
      },
      {
        "date": "2025-02-28",
        "close": 52.395,
        "volume": 0
      },
      {
        "date": "2025-03-07",
        "close": 49.945,
        "volume": 63
      },
      {
        "date": "2025-03-14",
        "close": 44.41,
        "volume": 2414
      },
      {
        "date": "2025-03-21",
        "close": 45.27,
        "volume": 2542
      },
      {
        "date": "2025-03-28",
        "close": 43.119999,
        "volume": 400
      },
      {
        "date": "2025-04-04",
        "close": 41.610001,
        "volume": 71
      },
      {
        "date": "2025-04-11",
        "close": 35.715,
        "volume": 293
      },
      {
        "date": "2025-04-18",
        "close": 35.564999,
        "volume": 0
      },
      {
        "date": "2025-04-25",
        "close": 40.77,
        "volume": 1271
      },
      {
        "date": "2025-05-02",
        "close": 41.305,
        "volume": 563
      },
      {
        "date": "2025-05-09",
        "close": 51.764999,
        "volume": 713
      },
      {
        "date": "2025-05-16",
        "close": 58.349998,
        "volume": 122
      },
      {
        "date": "2025-05-23",
        "close": 57.09,
        "volume": 421
      },
      {
        "date": "2025-05-30",
        "close": 58.009998,
        "volume": 25
      },
      {
        "date": "2025-06-06",
        "close": 55.52,
        "volume": 159
      },
      {
        "date": "2025-06-13",
        "close": 56.209999,
        "volume": 272
      },
      {
        "date": "2025-06-20",
        "close": 55.490002,
        "volume": 45
      },
      {
        "date": "2025-06-27",
        "close": 53.064999,
        "volume": 43
      },
      {
        "date": "2025-07-04",
        "close": 55.105,
        "volume": 119
      },
      {
        "date": "2025-07-11",
        "close": 66.214996,
        "volume": 404
      },
      {
        "date": "2025-07-18",
        "close": 78.970001,
        "volume": 578
      },
      {
        "date": "2025-07-25",
        "close": 81.18,
        "volume": 976
      },
      {
        "date": "2025-08-01",
        "close": 81.169998,
        "volume": 640
      },
      {
        "date": "2025-08-08",
        "close": 88.089996,
        "volume": 384
      },
      {
        "date": "2025-08-15",
        "close": 98.110001,
        "volume": 1367
      },
      {
        "date": "2025-08-22",
        "close": 102.690002,
        "volume": 2052
      },
      {
        "date": "2025-08-29",
        "close": 95.910004,
        "volume": 884
      },
      {
        "date": "2025-09-05",
        "close": 95.235001,
        "volume": 1393
      },
      {
        "date": "2025-09-12",
        "close": 100.474998,
        "volume": 389
      },
      {
        "date": "2025-09-19",
        "close": 99.57,
        "volume": 3248
      },
      {
        "date": "2025-09-26",
        "close": 88.75,
        "volume": 6353
      },
      {
        "date": "2025-10-03",
        "close": 99.915001,
        "volume": 4575
      },
      {
        "date": "2025-10-10",
        "close": 93.654999,
        "volume": 3312
      },
      {
        "date": "2025-10-17",
        "close": 84.559998,
        "volume": 6394
      },
      {
        "date": "2025-10-24",
        "close": 87.175003,
        "volume": 2323
      },
      {
        "date": "2025-10-31",
        "close": 88.334999,
        "volume": 6594
      },
      {
        "date": "2025-11-07",
        "close": 75.915001,
        "volume": 56398
      },
      {
        "date": "2025-11-14",
        "close": 73.93,
        "volume": 61635
      },
      {
        "date": "2025-11-21",
        "close": 62.445,
        "volume": 57472
      },
      {
        "date": "2025-11-28",
        "close": 68.904999,
        "volume": 41221
      },
      {
        "date": "2025-12-05",
        "close": 69.195,
        "volume": 24212
      },
      {
        "date": "2025-12-12",
        "close": 69.550003,
        "volume": 17443
      },
      {
        "date": "2025-12-19",
        "close": 67.165001,
        "volume": 41530
      },
      {
        "date": "2025-12-26",
        "close": 65.305,
        "volume": 888
      },
      {
        "date": "2026-01-02",
        "close": 69.334999,
        "volume": 1989
      },
      {
        "date": "2026-01-09",
        "close": 70.239998,
        "volume": 1430
      },
      {
        "date": "2026-01-16",
        "close": 73.834999,
        "volume": 800
      },
      {
        "date": "2026-01-23",
        "close": 65.339996,
        "volume": 3366
      },
      {
        "date": "2026-01-30",
        "close": 59.974998,
        "volume": 6210
      },
      {
        "date": "2026-02-06",
        "close": 45.049999,
        "volume": 12592
      },
      {
        "date": "2026-02-13",
        "close": 45.509998,
        "volume": 27763
      },
      {
        "date": "2026-02-20",
        "close": 43.759998,
        "volume": 2796
      },
      {
        "date": "2026-02-27",
        "close": 43.555,
        "volume": 6601
      },
      {
        "date": "2026-03-06",
        "close": 47.060001,
        "volume": 12581
      },
      {
        "date": "2026-03-13",
        "close": 48.395,
        "volume": 8217
      },
      {
        "date": "2026-03-20",
        "close": 48.514999,
        "volume": 8307
      },
      {
        "date": "2026-03-27",
        "close": 45.09,
        "volume": 15860
      },
      {
        "date": "2026-04-03",
        "close": 46.924999,
        "volume": 7337
      },
      {
        "date": "2026-04-10",
        "close": 50.235001,
        "volume": 6002
      },
      {
        "date": "2026-04-17",
        "close": 54.535,
        "volume": 8145
      },
      {
        "date": "2026-04-24",
        "close": 51.810001,
        "volume": 2267
      },
      {
        "date": "2026-05-01",
        "close": 51.275002,
        "volume": 7552
      },
      {
        "date": "2026-05-08",
        "close": 50.57,
        "volume": 3704
      },
      {
        "date": "2026-05-15",
        "close": 50.294998,
        "volume": 7568
      },
      {
        "date": "2026-05-22",
        "close": 47.705002,
        "volume": 943
      },
      {
        "date": "2026-05-29",
        "close": 44.865002,
        "volume": 5833
      },
      {
        "date": "2026-06-05",
        "close": 36.09,
        "volume": 3128
      },
      {
        "date": "2026-06-12",
        "close": 37.959999,
        "volume": 1562
      },
      {
        "date": "2026-06-19",
        "close": 38.900002,
        "volume": 1751
      },
      {
        "date": "2026-06-26",
        "close": 36.200001,
        "volume": 1420
      },
      {
        "date": "2026-07-03",
        "close": 39.32,
        "volume": 711
      },
      {
        "date": "2026-07-10",
        "close": 40.52,
        "volume": 8266
      },
      {
        "date": "2026-07-17",
        "close": 41.040001,
        "volume": 5142
      },
      {
        "date": "2026-07-24",
        "close": 42.360001,
        "volume": 3163
      },
      {
        "date": "2026-07-31",
        "close": 41.82,
        "volume": 6341
      },
      {
        "date": "2026-08-07",
        "close": 43.080002,
        "volume": 6279
      }
    ],
    "sharemaestro_context": {
      "trend": 47.053,
      "fair_value": 60.235063,
      "market_activity": -16.412123,
      "market_dynamics": 0.05048,
      "relative_strength": -37.276937
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.054099,
        "directional_follow_through": 0.25,
        "regime_survival": 0.75,
        "conditional_difference": 0.009482,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.122531,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.305928,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": -0.043729,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.0,
        "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": "negative",
        "start": "2026-02-06",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": 0.044617
      },
      {
        "direction": "positive",
        "start": "2026-03-13",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.05951
      },
      {
        "direction": "negative",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.148111
      }
    ]
  }
}