{
  "ticker": {
    "uuid": "56322cb5-5bfa-4ed4-91c0-f9a60fcc1c37",
    "symbol": "H41Z",
    "name": "HSBC PLUS USA Equity Quant Active UCITS ETF USD Acc",
    "exchange": "GER",
    "country": "DE",
    "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": 11.636,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 9.248,
    "boundary_margin": 0.258218,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.117217,
    "volatility_stability": 0.9227,
    "risk_context": 0.8531,
    "current_regime": {
      "move": 0.030282,
      "interruption": -0.017895,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 93.077,
    "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 25.8% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-06-19",
        "close": 11.294,
        "direction_boundary": 8.76,
        "core_momentum": 0.289269,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.110245
      },
      {
        "date": "2026-06-26",
        "close": 11.166,
        "direction_boundary": 8.892,
        "core_momentum": 0.255735,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.112472
      },
      {
        "date": "2026-07-03",
        "close": 11.308,
        "direction_boundary": 8.923,
        "core_momentum": 0.267287,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.112512
      },
      {
        "date": "2026-07-10",
        "close": 11.4,
        "direction_boundary": 9.026,
        "core_momentum": 0.263018,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.108843
      },
      {
        "date": "2026-07-17",
        "close": 11.284,
        "direction_boundary": 9.099,
        "core_momentum": 0.240136,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.110598
      },
      {
        "date": "2026-07-24",
        "close": 11.324,
        "direction_boundary": 9.158,
        "core_momentum": 0.236515,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.105852
      },
      {
        "date": "2026-07-31",
        "close": 11.196,
        "direction_boundary": 9.114,
        "core_momentum": 0.22844,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.107046
      },
      {
        "date": "2026-08-07",
        "close": 11.636,
        "direction_boundary": 9.248,
        "core_momentum": 0.258218,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.117217
      }
    ],
    "price_history": [
      {
        "date": "2025-06-20",
        "close": 8.76,
        "volume": 602
      },
      {
        "date": "2025-06-27",
        "close": 8.892,
        "volume": 0
      },
      {
        "date": "2025-07-04",
        "close": 8.923,
        "volume": 0
      },
      {
        "date": "2025-07-11",
        "close": 9.026,
        "volume": 2350
      },
      {
        "date": "2025-07-18",
        "close": 9.099,
        "volume": 1548
      },
      {
        "date": "2025-07-25",
        "close": 9.158,
        "volume": 1000
      },
      {
        "date": "2025-08-01",
        "close": 9.114,
        "volume": 0
      },
      {
        "date": "2025-08-08",
        "close": 9.248,
        "volume": 0
      },
      {
        "date": "2025-08-15",
        "close": 9.339,
        "volume": 0
      },
      {
        "date": "2025-08-22",
        "close": 9.374,
        "volume": 2320
      },
      {
        "date": "2025-08-29",
        "close": 9.367,
        "volume": 0
      },
      {
        "date": "2025-09-05",
        "close": 9.364,
        "volume": 0
      },
      {
        "date": "2025-09-12",
        "close": 9.547,
        "volume": 0
      },
      {
        "date": "2025-09-19",
        "close": 9.581,
        "volume": 800
      },
      {
        "date": "2025-09-26",
        "close": 9.607,
        "volume": 0
      },
      {
        "date": "2025-10-03",
        "close": 9.734,
        "volume": 1600
      },
      {
        "date": "2025-10-10",
        "close": 9.669,
        "volume": 10724
      },
      {
        "date": "2025-10-17",
        "close": 9.606,
        "volume": 30
      },
      {
        "date": "2025-10-24",
        "close": 9.823,
        "volume": 0
      },
      {
        "date": "2025-10-31",
        "close": 10.072,
        "volume": 583
      },
      {
        "date": "2025-11-07",
        "close": 9.771,
        "volume": 4
      },
      {
        "date": "2025-11-14",
        "close": 9.913,
        "volume": 60
      },
      {
        "date": "2025-11-21",
        "close": 9.762,
        "volume": 0
      },
      {
        "date": "2025-11-28",
        "close": 10.072,
        "volume": 69
      },
      {
        "date": "2025-12-05",
        "close": 10.088,
        "volume": 0
      },
      {
        "date": "2025-12-12",
        "close": 9.956,
        "volume": 2240
      },
      {
        "date": "2025-12-19",
        "close": 9.987,
        "volume": 5
      },
      {
        "date": "2025-12-26",
        "close": 10.044,
        "volume": 150
      },
      {
        "date": "2026-01-02",
        "close": 10.008,
        "volume": 0
      },
      {
        "date": "2026-01-09",
        "close": 10.26,
        "volume": 22
      },
      {
        "date": "2026-01-16",
        "close": 10.316,
        "volume": 0
      },
      {
        "date": "2026-01-23",
        "close": 10.124,
        "volume": 0
      },
      {
        "date": "2026-01-30",
        "close": 10.058,
        "volume": 5
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      {
        "date": "2026-02-06",
        "close": 10.104,
        "volume": 0
      },
      {
        "date": "2026-02-13",
        "close": 9.977,
        "volume": 0
      },
      {
        "date": "2026-02-20",
        "close": 10.1,
        "volume": 7109
      },
      {
        "date": "2026-02-27",
        "close": 10.04,
        "volume": 10
      },
      {
        "date": "2026-03-06",
        "close": 10.172,
        "volume": 0
      },
      {
        "date": "2026-03-13",
        "close": 10.042,
        "volume": 1500
      },
      {
        "date": "2026-03-20",
        "close": 9.778,
        "volume": 0
      },
      {
        "date": "2026-03-27",
        "close": 9.627,
        "volume": 2857
      },
      {
        "date": "2026-04-03",
        "close": 9.849,
        "volume": 0
      },
      {
        "date": "2026-04-10",
        "close": 10.096,
        "volume": 0
      },
      {
        "date": "2026-04-17",
        "close": 10.458,
        "volume": 1
      },
      {
        "date": "2026-04-24",
        "close": 10.572,
        "volume": 0
      },
      {
        "date": "2026-05-01",
        "close": 10.578,
        "volume": 1
      },
      {
        "date": "2026-05-08",
        "close": 10.822,
        "volume": 2
      },
      {
        "date": "2026-05-15",
        "close": 11.028,
        "volume": 5
      },
      {
        "date": "2026-05-22",
        "close": 11.138,
        "volume": 1
      },
      {
        "date": "2026-05-29",
        "close": 11.194,
        "volume": 1326
      },
      {
        "date": "2026-06-05",
        "close": 11.184,
        "volume": 0
      },
      {
        "date": "2026-06-12",
        "close": 11.086,
        "volume": 5
      },
      {
        "date": "2026-06-19",
        "close": 11.294,
        "volume": 0
      },
      {
        "date": "2026-06-26",
        "close": 11.166,
        "volume": 0
      },
      {
        "date": "2026-07-03",
        "close": 11.308,
        "volume": 11001
      },
      {
        "date": "2026-07-10",
        "close": 11.4,
        "volume": 1202
      },
      {
        "date": "2026-07-17",
        "close": 11.284,
        "volume": 920
      },
      {
        "date": "2026-07-24",
        "close": 11.324,
        "volume": 0
      },
      {
        "date": "2026-07-31",
        "close": 11.196,
        "volume": 0
      },
      {
        "date": "2026-08-07",
        "close": 11.636,
        "volume": 0
      }
    ],
    "sharemaestro_context": {
      "trend": 10.6317,
      "fair_value": 10.101917,
      "market_activity": 52.572982,
      "market_dynamics": 0.477223,
      "relative_strength": 4.839723
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.000885,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.007518,
        "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": "2026-06-19",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.030282
      }
    ]
  }
}