{
  "ticker": {
    "uuid": "9ae483bf-745b-40c6-830f-af87cc1605f7",
    "symbol": "JHES",
    "name": "Janus Henderson EUR Short Duration Income Active Core UCITS ETF - EUR Accumulating",
    "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": 10.28,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 10.054,
    "boundary_margin": 0.022479,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.005149,
    "volatility_stability": 0.7541,
    "risk_context": 1.5,
    "current_regime": {
      "move": 0.004102,
      "interruption": 0.0,
      "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 2.2% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-06-19",
        "close": 10.238,
        "direction_boundary": 10.012,
        "core_momentum": 0.022573,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005001
      },
      {
        "date": "2026-06-26",
        "close": 10.25,
        "direction_boundary": 10.022,
        "core_momentum": 0.02275,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005124
      },
      {
        "date": "2026-07-03",
        "close": 10.255,
        "direction_boundary": 10.03,
        "core_momentum": 0.022433,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005123
      },
      {
        "date": "2026-07-10",
        "close": 10.257,
        "direction_boundary": 10.034,
        "core_momentum": 0.022224,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005079
      },
      {
        "date": "2026-07-17",
        "close": 10.26,
        "direction_boundary": 10.042,
        "core_momentum": 0.021709,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005066
      },
      {
        "date": "2026-07-24",
        "close": 10.267,
        "direction_boundary": 10.046,
        "core_momentum": 0.021999,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005065
      },
      {
        "date": "2026-07-31",
        "close": 10.268,
        "direction_boundary": 10.058,
        "core_momentum": 0.020879,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005075
      },
      {
        "date": "2026-08-07",
        "close": 10.28,
        "direction_boundary": 10.054,
        "core_momentum": 0.022479,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.005149
      }
    ],
    "price_history": [
      {
        "date": "2025-06-20",
        "close": 10.012,
        "volume": 0
      },
      {
        "date": "2025-06-27",
        "close": 10.022,
        "volume": 0
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        "date": "2025-07-04",
        "close": 10.03,
        "volume": 0
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        "date": "2025-07-11",
        "close": 10.034,
        "volume": 0
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        "date": "2025-07-18",
        "close": 10.042,
        "volume": 0
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        "date": "2025-07-25",
        "close": 10.046,
        "volume": 0
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        "date": "2025-08-01",
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        "date": "2025-08-08",
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        "volume": 0
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        "date": "2025-08-15",
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        "volume": 0
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      {
        "date": "2025-08-22",
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        "volume": 0
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        "date": "2025-08-29",
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        "volume": 0
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        "date": "2025-09-05",
        "close": 10.079,
        "volume": 0
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        "date": "2025-09-12",
        "close": 10.08,
        "volume": 0
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        "date": "2025-09-19",
        "close": 10.088,
        "volume": 0
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        "date": "2025-09-26",
        "close": 10.095,
        "volume": 0
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        "date": "2025-10-03",
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        "volume": 0
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        "date": "2025-10-10",
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        "volume": 0
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        "date": "2025-10-17",
        "close": 10.108,
        "volume": 0
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        "date": "2025-10-24",
        "close": 10.1106,
        "volume": 0
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        "date": "2025-10-31",
        "close": 10.116,
        "volume": 0
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        "date": "2025-11-07",
        "close": 10.118,
        "volume": 0
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      {
        "date": "2025-11-14",
        "close": 10.122,
        "volume": 0
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        "date": "2025-11-21",
        "close": 10.128,
        "volume": 0
      },
      {
        "date": "2025-11-28",
        "close": 10.136,
        "volume": 150
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      {
        "date": "2025-12-05",
        "close": 10.137,
        "volume": 0
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        "date": "2025-12-12",
        "close": 10.138,
        "volume": 0
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      {
        "date": "2025-12-19",
        "close": 10.142,
        "volume": 275
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        "date": "2025-12-26",
        "close": 10.147,
        "volume": 0
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        "date": "2026-01-02",
        "close": 10.152,
        "volume": 10
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        "date": "2026-01-09",
        "close": 10.161,
        "volume": 0
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        "date": "2026-01-16",
        "close": 10.162,
        "volume": 0
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        "date": "2026-01-23",
        "close": 10.169,
        "volume": 0
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        "date": "2026-01-30",
        "close": 10.174,
        "volume": 157
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        "date": "2026-02-06",
        "close": 10.183,
        "volume": 0
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        "date": "2026-02-13",
        "close": 10.188,
        "volume": 0
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        "date": "2026-02-20",
        "close": 10.189,
        "volume": 0
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      {
        "date": "2026-02-27",
        "close": 10.194,
        "volume": 10
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      {
        "date": "2026-03-06",
        "close": 10.178,
        "volume": 0
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      {
        "date": "2026-03-13",
        "close": 10.179,
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      {
        "date": "2026-03-20",
        "close": 10.164,
        "volume": 0
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      {
        "date": "2026-03-27",
        "close": 10.168,
        "volume": 2990
      },
      {
        "date": "2026-04-03",
        "close": 10.18,
        "volume": 6050
      },
      {
        "date": "2026-04-10",
        "close": 10.191,
        "volume": 3050
      },
      {
        "date": "2026-04-17",
        "close": 10.207,
        "volume": 0
      },
      {
        "date": "2026-04-24",
        "close": 10.202,
        "volume": 0
      },
      {
        "date": "2026-05-01",
        "close": 10.206,
        "volume": 10
      },
      {
        "date": "2026-05-08",
        "close": 10.208,
        "volume": 0
      },
      {
        "date": "2026-05-15",
        "close": 10.21,
        "volume": 7000
      },
      {
        "date": "2026-05-22",
        "close": 10.222,
        "volume": 39024
      },
      {
        "date": "2026-05-29",
        "close": 10.228,
        "volume": 2635
      },
      {
        "date": "2026-06-05",
        "close": 10.232,
        "volume": 0
      },
      {
        "date": "2026-06-12",
        "close": 10.239,
        "volume": 0
      },
      {
        "date": "2026-06-19",
        "close": 10.238,
        "volume": 0
      },
      {
        "date": "2026-06-26",
        "close": 10.25,
        "volume": 10
      },
      {
        "date": "2026-07-03",
        "close": 10.255,
        "volume": 1
      },
      {
        "date": "2026-07-10",
        "close": 10.257,
        "volume": 1
      },
      {
        "date": "2026-07-17",
        "close": 10.26,
        "volume": 4251
      },
      {
        "date": "2026-07-24",
        "close": 10.267,
        "volume": 2008
      },
      {
        "date": "2026-07-31",
        "close": 10.268,
        "volume": 0
      },
      {
        "date": "2026-08-07",
        "close": 10.28,
        "volume": 0
      }
    ],
    "sharemaestro_context": {
      "trend": 10.2116,
      "fair_value": 10.15166,
      "market_activity": 87.087546,
      "market_dynamics": 2.011416,
      "relative_strength": -6.595236
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.002149,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.000245,
        "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": 0.004102
      }
    ]
  }
}