{
  "ticker": {
    "uuid": "8177e59e-bbd8-4a77-88fb-e271e3beba98",
    "symbol": "QUS5",
    "name": "State Street SPDR ETFs Europe I plc - SPDR S&P 500 Quality Aristocrats UCITS ETF USD Unh (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": 11.53,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 9.499,
    "boundary_margin": 0.213812,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.118914,
    "volatility_stability": 0.9562,
    "risk_context": 0.8409,
    "current_regime": {
      "move": 0.154848,
      "interruption": -0.065316,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 96.731,
    "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 is established.",
      "boundary_context": "The latest close is 21.4% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2025-12-12",
        "close": 10.13,
        "direction_boundary": 9.623,
        "core_momentum": 0.052686,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.081551
      },
      {
        "date": "2025-12-19",
        "close": 10.144,
        "direction_boundary": 9.591,
        "core_momentum": 0.057658,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.077635
      },
      {
        "date": "2025-12-26",
        "close": 10.194,
        "direction_boundary": 9.616,
        "core_momentum": 0.060108,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.074948
      },
      {
        "date": "2026-01-02",
        "close": 10.118,
        "direction_boundary": 9.686,
        "core_momentum": 0.0446,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.076622
      },
      {
        "date": "2026-01-09",
        "close": 10.342,
        "direction_boundary": 9.56,
        "core_momentum": 0.081799,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.080683
      },
      {
        "date": "2026-01-16",
        "close": 10.32,
        "direction_boundary": 9.832,
        "core_momentum": 0.049634,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.080898
      },
      {
        "date": "2026-01-23",
        "close": 10.12,
        "direction_boundary": 9.786,
        "core_momentum": 0.03413,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.087183
      },
      {
        "date": "2026-01-30",
        "close": 10.076,
        "direction_boundary": 9.915,
        "core_momentum": 0.016238,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.087705
      },
      {
        "date": "2026-02-06",
        "close": 10.056,
        "direction_boundary": 9.946,
        "core_momentum": 0.01106,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.08746
      },
      {
        "date": "2026-02-13",
        "close": 9.91,
        "direction_boundary": 9.992,
        "core_momentum": -0.008207,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.090191
      },
      {
        "date": "2026-02-20",
        "close": 10.01,
        "direction_boundary": 10.01,
        "core_momentum": 0.0,
        "direction": "neutral",
        "trend_agreement": 0,
        "volatility": 0.090942
      },
      {
        "date": "2026-02-27",
        "close": 9.984,
        "direction_boundary": 9.699,
        "core_momentum": 0.029384,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.090978
      },
      {
        "date": "2026-03-06",
        "close": 10.12,
        "direction_boundary": 9.104,
        "core_momentum": 0.111599,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.092276
      },
      {
        "date": "2026-03-13",
        "close": 9.97,
        "direction_boundary": 8.894,
        "core_momentum": 0.12098,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.09251
      },
      {
        "date": "2026-03-20",
        "close": 9.683,
        "direction_boundary": 8.958,
        "core_momentum": 0.080933,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.101313
      },
      {
        "date": "2026-03-27",
        "close": 9.459,
        "direction_boundary": 8.853,
        "core_momentum": 0.068451,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.106157
      },
      {
        "date": "2026-04-03",
        "close": 9.653,
        "direction_boundary": 8.165,
        "core_momentum": 0.182241,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.108645
      },
      {
        "date": "2026-04-10",
        "close": 9.817,
        "direction_boundary": 8.008,
        "core_momentum": 0.225899,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.110999
      },
      {
        "date": "2026-04-17",
        "close": 10.186,
        "direction_boundary": 8.022,
        "core_momentum": 0.269758,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.122298
      },
      {
        "date": "2026-04-24",
        "close": 10.228,
        "direction_boundary": 8.378,
        "core_momentum": 0.220816,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118814
      },
      {
        "date": "2026-05-01",
        "close": 10.234,
        "direction_boundary": 8.714,
        "core_momentum": 0.174432,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118443
      },
      {
        "date": "2026-05-08",
        "close": 10.394,
        "direction_boundary": 8.779,
        "core_momentum": 0.183962,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.112883
      },
      {
        "date": "2026-05-15",
        "close": 10.696,
        "direction_boundary": 9.286,
        "core_momentum": 0.151841,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.117746
      },
      {
        "date": "2026-05-22",
        "close": 10.854,
        "direction_boundary": 8.979,
        "core_momentum": 0.208821,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118358
      },
      {
        "date": "2026-05-29",
        "close": 10.892,
        "direction_boundary": 9.112,
        "core_momentum": 0.195347,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.113528
      },
      {
        "date": "2026-06-05",
        "close": 10.896,
        "direction_boundary": 9.289,
        "core_momentum": 0.173,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.113558
      },
      {
        "date": "2026-06-12",
        "close": 10.81,
        "direction_boundary": 9.099,
        "core_momentum": 0.188043,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.112819
      },
      {
        "date": "2026-06-19",
        "close": 10.912,
        "direction_boundary": 8.977,
        "core_momentum": 0.215551,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.113207
      },
      {
        "date": "2026-06-26",
        "close": 10.92,
        "direction_boundary": 9.147,
        "core_momentum": 0.193834,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.113199
      },
      {
        "date": "2026-07-03",
        "close": 11.25,
        "direction_boundary": 9.199,
        "core_momentum": 0.222959,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118211
      },
      {
        "date": "2026-07-10",
        "close": 11.302,
        "direction_boundary": 9.247,
        "core_momentum": 0.222234,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.115396
      },
      {
        "date": "2026-07-17",
        "close": 11.298,
        "direction_boundary": 9.328,
        "core_momentum": 0.211192,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.115252
      },
      {
        "date": "2026-07-24",
        "close": 11.222,
        "direction_boundary": 9.368,
        "core_momentum": 0.197908,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.111431
      },
      {
        "date": "2026-07-31",
        "close": 11.146,
        "direction_boundary": 9.416,
        "core_momentum": 0.18373,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.111847
      },
      {
        "date": "2026-08-07",
        "close": 11.53,
        "direction_boundary": 9.499,
        "core_momentum": 0.213812,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118914
      }
    ],
    "price_history": [
      {
        "date": "2024-12-13",
        "close": 9.623,
        "volume": 120
      },
      {
        "date": "2024-12-20",
        "close": 9.591,
        "volume": 19042
      },
      {
        "date": "2024-12-27",
        "close": 9.616,
        "volume": 3934
      },
      {
        "date": "2025-01-03",
        "close": 9.686,
        "volume": 1897
      },
      {
        "date": "2025-01-10",
        "close": 9.56,
        "volume": 21729
      },
      {
        "date": "2025-01-17",
        "close": 9.832,
        "volume": 14141
      },
      {
        "date": "2025-01-24",
        "close": 9.786,
        "volume": 4560
      },
      {
        "date": "2025-01-31",
        "close": 9.915,
        "volume": 538
      },
      {
        "date": "2025-02-07",
        "close": 9.946,
        "volume": 4874
      },
      {
        "date": "2025-02-14",
        "close": 9.992,
        "volume": 14541
      },
      {
        "date": "2025-02-21",
        "close": 10.01,
        "volume": 6744
      },
      {
        "date": "2025-02-28",
        "close": 9.699,
        "volume": 4966
      },
      {
        "date": "2025-03-07",
        "close": 9.104,
        "volume": 11353
      },
      {
        "date": "2025-03-14",
        "close": 8.894,
        "volume": 10656
      },
      {
        "date": "2025-03-21",
        "close": 8.958,
        "volume": 4736
      },
      {
        "date": "2025-03-28",
        "close": 8.853,
        "volume": 9492
      },
      {
        "date": "2025-04-04",
        "close": 8.165,
        "volume": 5604
      },
      {
        "date": "2025-04-11",
        "close": 8.008,
        "volume": 5060
      },
      {
        "date": "2025-04-18",
        "close": 8.022,
        "volume": 3519
      },
      {
        "date": "2025-04-25",
        "close": 8.378,
        "volume": 1361
      },
      {
        "date": "2025-05-02",
        "close": 8.714,
        "volume": 5779
      },
      {
        "date": "2025-05-09",
        "close": 8.779,
        "volume": 26782
      },
      {
        "date": "2025-05-16",
        "close": 9.286,
        "volume": 1692
      },
      {
        "date": "2025-05-23",
        "close": 8.979,
        "volume": 1058
      },
      {
        "date": "2025-05-30",
        "close": 9.112,
        "volume": 5222
      },
      {
        "date": "2025-06-06",
        "close": 9.289,
        "volume": 1930
      },
      {
        "date": "2025-06-13",
        "close": 9.099,
        "volume": 3763
      },
      {
        "date": "2025-06-20",
        "close": 8.977,
        "volume": 1607
      },
      {
        "date": "2025-06-27",
        "close": 9.147,
        "volume": 345
      },
      {
        "date": "2025-07-04",
        "close": 9.199,
        "volume": 5140
      },
      {
        "date": "2025-07-11",
        "close": 9.247,
        "volume": 1510
      },
      {
        "date": "2025-07-18",
        "close": 9.328,
        "volume": 4545
      },
      {
        "date": "2025-07-25",
        "close": 9.368,
        "volume": 775
      },
      {
        "date": "2025-08-01",
        "close": 9.416,
        "volume": 440
      },
      {
        "date": "2025-08-08",
        "close": 9.499,
        "volume": 744
      },
      {
        "date": "2025-08-15",
        "close": 9.565,
        "volume": 4519
      },
      {
        "date": "2025-08-22",
        "close": 9.601,
        "volume": 4397
      },
      {
        "date": "2025-08-29",
        "close": 9.58,
        "volume": 2280
      },
      {
        "date": "2025-09-05",
        "close": 9.64,
        "volume": 2756
      },
      {
        "date": "2025-09-12",
        "close": 9.803,
        "volume": 97395
      },
      {
        "date": "2025-09-19",
        "close": 9.821,
        "volume": 64654
      },
      {
        "date": "2025-09-26",
        "close": 9.799,
        "volume": 32455
      },
      {
        "date": "2025-10-03",
        "close": 9.925,
        "volume": 30922
      },
      {
        "date": "2025-10-10",
        "close": 9.852,
        "volume": 69733
      },
      {
        "date": "2025-10-17",
        "close": 9.848,
        "volume": 170121
      },
      {
        "date": "2025-10-24",
        "close": 10.064,
        "volume": 146668
      },
      {
        "date": "2025-10-31",
        "close": 10.136,
        "volume": 250739
      },
      {
        "date": "2025-11-07",
        "close": 9.857,
        "volume": 62472
      },
      {
        "date": "2025-11-14",
        "close": 9.994,
        "volume": 74309
      },
      {
        "date": "2025-11-21",
        "close": 9.944,
        "volume": 52016
      },
      {
        "date": "2025-11-28",
        "close": 10.212,
        "volume": 29534
      },
      {
        "date": "2025-12-05",
        "close": 10.246,
        "volume": 66373
      },
      {
        "date": "2025-12-12",
        "close": 10.13,
        "volume": 87843
      },
      {
        "date": "2025-12-19",
        "close": 10.144,
        "volume": 37651
      },
      {
        "date": "2025-12-26",
        "close": 10.194,
        "volume": 20833
      },
      {
        "date": "2026-01-02",
        "close": 10.118,
        "volume": 67273
      },
      {
        "date": "2026-01-09",
        "close": 10.342,
        "volume": 125906
      },
      {
        "date": "2026-01-16",
        "close": 10.32,
        "volume": 92126
      },
      {
        "date": "2026-01-23",
        "close": 10.12,
        "volume": 99947
      },
      {
        "date": "2026-01-30",
        "close": 10.076,
        "volume": 222691
      },
      {
        "date": "2026-02-06",
        "close": 10.056,
        "volume": 106601
      },
      {
        "date": "2026-02-13",
        "close": 9.91,
        "volume": 72529
      },
      {
        "date": "2026-02-20",
        "close": 10.01,
        "volume": 85861
      },
      {
        "date": "2026-02-27",
        "close": 9.984,
        "volume": 89154
      },
      {
        "date": "2026-03-06",
        "close": 10.12,
        "volume": 25427
      },
      {
        "date": "2026-03-13",
        "close": 9.97,
        "volume": 66470
      },
      {
        "date": "2026-03-20",
        "close": 9.683,
        "volume": 80968
      },
      {
        "date": "2026-03-27",
        "close": 9.459,
        "volume": 131386
      },
      {
        "date": "2026-04-03",
        "close": 9.653,
        "volume": 88862
      },
      {
        "date": "2026-04-10",
        "close": 9.817,
        "volume": 73716
      },
      {
        "date": "2026-04-17",
        "close": 10.186,
        "volume": 123006
      },
      {
        "date": "2026-04-24",
        "close": 10.228,
        "volume": 161713
      },
      {
        "date": "2026-05-01",
        "close": 10.234,
        "volume": 264709
      },
      {
        "date": "2026-05-08",
        "close": 10.394,
        "volume": 66444
      },
      {
        "date": "2026-05-15",
        "close": 10.696,
        "volume": 123479
      },
      {
        "date": "2026-05-22",
        "close": 10.854,
        "volume": 56275
      },
      {
        "date": "2026-05-29",
        "close": 10.892,
        "volume": 115458
      },
      {
        "date": "2026-06-05",
        "close": 10.896,
        "volume": 49138
      },
      {
        "date": "2026-06-12",
        "close": 10.81,
        "volume": 10614
      },
      {
        "date": "2026-06-19",
        "close": 10.912,
        "volume": 32681
      },
      {
        "date": "2026-06-26",
        "close": 10.92,
        "volume": 35634
      },
      {
        "date": "2026-07-03",
        "close": 11.25,
        "volume": 6300
      },
      {
        "date": "2026-07-10",
        "close": 11.302,
        "volume": 50710
      },
      {
        "date": "2026-07-17",
        "close": 11.298,
        "volume": 79613
      },
      {
        "date": "2026-07-24",
        "close": 11.222,
        "volume": 43432
      },
      {
        "date": "2026-07-31",
        "close": 11.146,
        "volume": 79638
      },
      {
        "date": "2026-08-07",
        "close": 11.53,
        "volume": 54426
      }
    ],
    "sharemaestro_context": {
      "trend": 10.464933,
      "fair_value": 9.837241,
      "market_activity": 83.166507,
      "market_dynamics": 1.41564,
      "relative_strength": 4.091833
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.013646,
        "directional_follow_through": 0.8333,
        "regime_survival": 1.0,
        "conditional_difference": 0.002988,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.040695,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": -0.041089,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.067127,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.02764,
        "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": "2025-12-12",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.007305
      },
      {
        "direction": "negative",
        "start": "2026-02-13",
        "end": "2026-02-13",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "neutral",
        "start": "2026-02-20",
        "end": "2026-02-20",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-02-27",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.154848
      }
    ]
  }
}