{
  "ticker": {
    "uuid": "9c28c238-b069-42a6-bb04-1646ac1231c2",
    "symbol": "VETH",
    "name": "VanEck Ethereum ETN",
    "exchange": "EBS",
    "country": "CH",
    "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": 9.322,
    "direction": "negative",
    "state": "Negative, Trend views divided",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 19.084,
    "boundary_margin": -0.511528,
    "trend_agreement": "Broadly aligned",
    "persistence": "Established",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.46251,
    "volatility_stability": 0.9167,
    "risk_context": 0.2162,
    "current_regime": {
      "move": -0.127807,
      "interruption": 0.222339,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 80.385,
    "interpretation": {
      "label": "Negative, Trend views divided",
      "headline": "Negative, Trend views divided",
      "body": "The Core Trend remains intact, but faster and slower Trend views disagree. The regime is less settled than a fully aligned trend.",
      "age_context": "The current Core Trend is established.",
      "boundary_context": "The latest close is 51.2% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2026-02-27",
        "close": 9.477,
        "direction_boundary": 12.0,
        "core_momentum": -0.21025,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.678736
      },
      {
        "date": "2026-03-06",
        "close": 9.252,
        "direction_boundary": 11.494,
        "core_momentum": -0.195058,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.678504
      },
      {
        "date": "2026-03-13",
        "close": 10.038,
        "direction_boundary": 10.096,
        "core_momentum": -0.005745,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.687612
      },
      {
        "date": "2026-03-20",
        "close": 10.13,
        "direction_boundary": 10.264,
        "core_momentum": -0.013055,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.689125
      },
      {
        "date": "2026-03-27",
        "close": 9.577,
        "direction_boundary": 10.046,
        "core_momentum": -0.046685,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.677191
      },
      {
        "date": "2026-04-03",
        "close": 9.751,
        "direction_boundary": 8.995,
        "core_momentum": 0.084047,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.647634
      },
      {
        "date": "2026-04-10",
        "close": 10.542,
        "direction_boundary": 7.623,
        "core_momentum": 0.38292,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.660889
      },
      {
        "date": "2026-04-17",
        "close": 11.392,
        "direction_boundary": 7.818,
        "core_momentum": 0.45715,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.661407
      },
      {
        "date": "2026-04-24",
        "close": 10.984,
        "direction_boundary": 8.878,
        "core_momentum": 0.237216,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.652151
      },
      {
        "date": "2026-05-01",
        "close": 10.672,
        "direction_boundary": 9.0,
        "core_momentum": 0.185778,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.651791
      },
      {
        "date": "2026-05-08",
        "close": 10.688,
        "direction_boundary": 11.352,
        "core_momentum": -0.058492,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.621169
      },
      {
        "date": "2026-05-15",
        "close": 10.526,
        "direction_boundary": 13.028,
        "core_momentum": -0.192048,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.616794
      },
      {
        "date": "2026-05-22",
        "close": 10.054,
        "direction_boundary": 12.738,
        "core_momentum": -0.210708,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.603896
      },
      {
        "date": "2026-05-29",
        "close": 9.527,
        "direction_boundary": 12.784,
        "core_momentum": -0.254772,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.586385
      },
      {
        "date": "2026-06-05",
        "close": 7.637,
        "direction_boundary": 12.27,
        "core_momentum": -0.377588,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.646364
      },
      {
        "date": "2026-06-12",
        "close": 7.93,
        "direction_boundary": 12.328,
        "core_momentum": -0.356749,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.652123
      },
      {
        "date": "2026-06-19",
        "close": 8.302,
        "direction_boundary": 12.244,
        "core_momentum": -0.321954,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.657657
      },
      {
        "date": "2026-06-26",
        "close": 7.677,
        "direction_boundary": 11.672,
        "core_momentum": -0.342272,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.6623
      },
      {
        "date": "2026-07-03",
        "close": 8.367,
        "direction_boundary": 11.926,
        "core_momentum": -0.298424,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.678808
      },
      {
        "date": "2026-07-10",
        "close": 8.688,
        "direction_boundary": 14.438,
        "core_momentum": -0.398255,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.674622
      },
      {
        "date": "2026-07-17",
        "close": 8.854,
        "direction_boundary": 17.4,
        "core_momentum": -0.491149,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.667129
      },
      {
        "date": "2026-07-24",
        "close": 9.335,
        "direction_boundary": 17.34,
        "core_momentum": -0.461649,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.654136
      },
      {
        "date": "2026-07-31",
        "close": 9.13,
        "direction_boundary": 18.93,
        "core_momentum": -0.517697,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.643866
      },
      {
        "date": "2026-08-07",
        "close": 9.322,
        "direction_boundary": 19.084,
        "core_momentum": -0.511528,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.46251
      }
    ],
    "price_history": [
      {
        "date": "2025-02-28",
        "close": 12.0,
        "volume": 2005
      },
      {
        "date": "2025-03-07",
        "close": 11.494,
        "volume": 373
      },
      {
        "date": "2025-03-14",
        "close": 10.096,
        "volume": 585
      },
      {
        "date": "2025-03-21",
        "close": 10.264,
        "volume": 3104
      },
      {
        "date": "2025-03-28",
        "close": 10.046,
        "volume": 10052
      },
      {
        "date": "2025-04-04",
        "close": 8.995,
        "volume": 800
      },
      {
        "date": "2025-04-11",
        "close": 7.623,
        "volume": 4567
      },
      {
        "date": "2025-04-18",
        "close": 7.818,
        "volume": 202
      },
      {
        "date": "2025-04-25",
        "close": 8.878,
        "volume": 848
      },
      {
        "date": "2025-05-02",
        "close": 9.0,
        "volume": 1383
      },
      {
        "date": "2025-05-09",
        "close": 11.352,
        "volume": 1179
      },
      {
        "date": "2025-05-16",
        "close": 13.028,
        "volume": 2588
      },
      {
        "date": "2025-05-23",
        "close": 12.738,
        "volume": 808
      },
      {
        "date": "2025-05-30",
        "close": 12.784,
        "volume": 633
      },
      {
        "date": "2025-06-06",
        "close": 12.27,
        "volume": 275
      },
      {
        "date": "2025-06-13",
        "close": 12.328,
        "volume": 617
      },
      {
        "date": "2025-06-20",
        "close": 12.244,
        "volume": 0
      },
      {
        "date": "2025-06-27",
        "close": 11.672,
        "volume": 284
      },
      {
        "date": "2025-07-04",
        "close": 11.926,
        "volume": 800
      },
      {
        "date": "2025-07-11",
        "close": 14.438,
        "volume": 86
      },
      {
        "date": "2025-07-18",
        "close": 17.4,
        "volume": 1929
      },
      {
        "date": "2025-07-25",
        "close": 17.34,
        "volume": 10494
      },
      {
        "date": "2025-08-01",
        "close": 18.93,
        "volume": 607
      },
      {
        "date": "2025-08-08",
        "close": 19.084,
        "volume": 541
      },
      {
        "date": "2025-08-15",
        "close": 21.225,
        "volume": 14543
      },
      {
        "date": "2025-08-22",
        "close": 21.4,
        "volume": 3727
      },
      {
        "date": "2025-08-29",
        "close": 20.895,
        "volume": 1866
      },
      {
        "date": "2025-09-05",
        "close": 20.555,
        "volume": 1623
      },
      {
        "date": "2025-09-12",
        "close": 21.584999,
        "volume": 1951
      },
      {
        "date": "2025-09-19",
        "close": 21.4,
        "volume": 4364
      },
      {
        "date": "2025-09-26",
        "close": 18.938,
        "volume": 3653
      },
      {
        "date": "2025-10-03",
        "close": 21.334999,
        "volume": 24166
      },
      {
        "date": "2025-10-10",
        "close": 19.774,
        "volume": 6543
      },
      {
        "date": "2025-10-17",
        "close": 17.596001,
        "volume": 18544
      },
      {
        "date": "2025-10-24",
        "close": 18.709999,
        "volume": 12981
      },
      {
        "date": "2025-10-31",
        "close": 18.639999,
        "volume": 8157
      },
      {
        "date": "2025-11-07",
        "close": 15.894,
        "volume": 22271
      },
      {
        "date": "2025-11-14",
        "close": 14.874,
        "volume": 12921
      },
      {
        "date": "2025-11-21",
        "close": 13.364,
        "volume": 22607
      },
      {
        "date": "2025-11-28",
        "close": 14.708,
        "volume": 2634
      },
      {
        "date": "2025-12-05",
        "close": 15.184,
        "volume": 7894
      },
      {
        "date": "2025-12-12",
        "close": 15.038,
        "volume": 8065
      },
      {
        "date": "2025-12-19",
        "close": 14.228,
        "volume": 7118
      },
      {
        "date": "2025-12-26",
        "close": 14.06,
        "volume": 711
      },
      {
        "date": "2026-01-02",
        "close": 14.08,
        "volume": 0
      },
      {
        "date": "2026-01-09",
        "close": 14.926,
        "volume": 13712
      },
      {
        "date": "2026-01-16",
        "close": 15.85,
        "volume": 1349
      },
      {
        "date": "2026-01-23",
        "close": 13.836,
        "volume": 1047
      },
      {
        "date": "2026-01-30",
        "close": 12.572,
        "volume": 1908
      },
      {
        "date": "2026-02-06",
        "close": 9.097,
        "volume": 16424
      },
      {
        "date": "2026-02-13",
        "close": 9.459,
        "volume": 5525
      },
      {
        "date": "2026-02-20",
        "close": 9.068,
        "volume": 470
      },
      {
        "date": "2026-02-27",
        "close": 9.477,
        "volume": 18758
      },
      {
        "date": "2026-03-06",
        "close": 9.252,
        "volume": 5684
      },
      {
        "date": "2026-03-13",
        "close": 10.038,
        "volume": 0
      },
      {
        "date": "2026-03-20",
        "close": 10.13,
        "volume": 1102
      },
      {
        "date": "2026-03-27",
        "close": 9.577,
        "volume": 2837
      },
      {
        "date": "2026-04-03",
        "close": 9.751,
        "volume": 716
      },
      {
        "date": "2026-04-10",
        "close": 10.542,
        "volume": 314
      },
      {
        "date": "2026-04-17",
        "close": 11.392,
        "volume": 0
      },
      {
        "date": "2026-04-24",
        "close": 10.984,
        "volume": 917
      },
      {
        "date": "2026-05-01",
        "close": 10.672,
        "volume": 0
      },
      {
        "date": "2026-05-08",
        "close": 10.688,
        "volume": 0
      },
      {
        "date": "2026-05-15",
        "close": 10.526,
        "volume": 0
      },
      {
        "date": "2026-05-22",
        "close": 10.054,
        "volume": 0
      },
      {
        "date": "2026-05-29",
        "close": 9.527,
        "volume": 175
      },
      {
        "date": "2026-06-05",
        "close": 7.637,
        "volume": 0
      },
      {
        "date": "2026-06-12",
        "close": 7.93,
        "volume": 1300
      },
      {
        "date": "2026-06-19",
        "close": 8.302,
        "volume": 0
      },
      {
        "date": "2026-06-26",
        "close": 7.677,
        "volume": 0
      },
      {
        "date": "2026-07-03",
        "close": 8.367,
        "volume": 0
      },
      {
        "date": "2026-07-10",
        "close": 8.688,
        "volume": 1602
      },
      {
        "date": "2026-07-17",
        "close": 8.854,
        "volume": 3
      },
      {
        "date": "2026-07-24",
        "close": 9.335,
        "volume": 2782
      },
      {
        "date": "2026-07-31",
        "close": 9.13,
        "volume": 1100
      },
      {
        "date": "2026-08-07",
        "close": 9.322,
        "volume": 110
      }
    ],
    "sharemaestro_context": {
      "trend": 9.924467,
      "fair_value": 12.893303,
      "market_activity": -17.393954,
      "market_dynamics": 0.155747,
      "relative_strength": -37.266556
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.28546,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.337532,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.127807,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.04675,
        "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": "negative",
        "start": "2026-02-27",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": 0.010552
      },
      {
        "direction": "positive",
        "start": "2026-04-03",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.094452
      },
      {
        "direction": "negative",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.127807
      }
    ]
  }
}