{
  "ticker": {
    "uuid": "9c75c7a3-cbe1-44b8-956a-28b0483846fb",
    "symbol": "SCDS",
    "name": "JPMorgan Fundamental Data Science Small Core ETF",
    "exchange": "NASDAQ",
    "country": "US",
    "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": 77.4458,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 54.217173,
    "boundary_margin": 0.428437,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.154797,
    "volatility_stability": 0.8382,
    "risk_context": 0.646,
    "current_regime": {
      "move": 0.284365,
      "interruption": -0.08379,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 95.0,
    "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 42.8% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2025-08-08",
        "close": 54.217173,
        "direction_boundary": 50.457205,
        "core_momentum": 0.074518,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.220056
      },
      {
        "date": "2025-08-15",
        "close": 55.702742,
        "direction_boundary": 51.99161,
        "core_momentum": 0.071379,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.223575
      },
      {
        "date": "2025-08-22",
        "close": 57.676991,
        "direction_boundary": 53.979473,
        "core_momentum": 0.068499,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.222541
      },
      {
        "date": "2025-08-29",
        "close": 57.804762,
        "direction_boundary": 54.165891,
        "core_momentum": 0.06718,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.221156
      },
      {
        "date": "2025-09-05",
        "close": 58.516471,
        "direction_boundary": 51.144472,
        "core_momentum": 0.144141,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.211397
      },
      {
        "date": "2025-09-12",
        "close": 58.439749,
        "direction_boundary": 53.181005,
        "core_momentum": 0.098884,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.208884
      },
      {
        "date": "2025-09-19",
        "close": 59.056399,
        "direction_boundary": 54.07809,
        "core_momentum": 0.092058,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.208987
      },
      {
        "date": "2025-09-26",
        "close": 58.441771,
        "direction_boundary": 53.927394,
        "core_momentum": 0.083712,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.207598
      },
      {
        "date": "2025-10-03",
        "close": 58.868492,
        "direction_boundary": 53.539707,
        "core_momentum": 0.09953,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.141763
      },
      {
        "date": "2025-10-10",
        "close": 56.550412,
        "direction_boundary": 54.14692,
        "core_momentum": 0.044388,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.15785
      },
      {
        "date": "2025-10-17",
        "close": 58.146516,
        "direction_boundary": 54.879983,
        "core_momentum": 0.059521,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.160162
      },
      {
        "date": "2025-10-24",
        "close": 59.626468,
        "direction_boundary": 53.16058,
        "core_momentum": 0.121629,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.156725
      },
      {
        "date": "2025-10-31",
        "close": 59.226497,
        "direction_boundary": 53.606519,
        "core_momentum": 0.104838,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.152906
      },
      {
        "date": "2025-11-07",
        "close": 58.464842,
        "direction_boundary": 58.231706,
        "core_momentum": 0.004004,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.155279
      },
      {
        "date": "2025-11-14",
        "close": 57.546262,
        "direction_boundary": 55.730041,
        "core_momentum": 0.03259,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151517
      },
      {
        "date": "2025-11-21",
        "close": 57.36537,
        "direction_boundary": 58.257979,
        "core_momentum": -0.015322,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.139979
      },
      {
        "date": "2025-11-28",
        "close": 60.29892,
        "direction_boundary": 58.794148,
        "core_momentum": 0.025594,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.152587
      },
      {
        "date": "2025-12-05",
        "close": 60.692327,
        "direction_boundary": 58.436472,
        "core_momentum": 0.038604,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.149963
      },
      {
        "date": "2025-12-12",
        "close": 61.364083,
        "direction_boundary": 57.094523,
        "core_momentum": 0.074781,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.147336
      },
      {
        "date": "2025-12-19",
        "close": 61.049979,
        "direction_boundary": 54.275427,
        "core_momentum": 0.124818,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.148266
      },
      {
        "date": "2025-12-26",
        "close": 61.289578,
        "direction_boundary": 54.116551,
        "core_momentum": 0.132548,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.143874
      },
      {
        "date": "2026-01-02",
        "close": 60.375547,
        "direction_boundary": 54.684078,
        "core_momentum": 0.104079,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.140656
      },
      {
        "date": "2026-01-09",
        "close": 63.136522,
        "direction_boundary": 53.264568,
        "core_momentum": 0.185338,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151168
      },
      {
        "date": "2026-01-16",
        "close": 64.235297,
        "direction_boundary": 56.01996,
        "core_momentum": 0.14665,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151385
      },
      {
        "date": "2026-01-23",
        "close": 64.075531,
        "direction_boundary": 56.906698,
        "core_momentum": 0.125975,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151836
      },
      {
        "date": "2026-01-30",
        "close": 63.770988,
        "direction_boundary": 56.252185,
        "core_momentum": 0.133662,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.142529
      },
      {
        "date": "2026-02-06",
        "close": 65.197586,
        "direction_boundary": 56.28684,
        "core_momentum": 0.15831,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.143472
      },
      {
        "date": "2026-02-13",
        "close": 64.328718,
        "direction_boundary": 56.28457,
        "core_momentum": 0.142919,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.143194
      },
      {
        "date": "2026-02-20",
        "close": 65.018537,
        "direction_boundary": 54.286374,
        "core_momentum": 0.197695,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.1371
      },
      {
        "date": "2026-02-27",
        "close": 63.842527,
        "direction_boundary": 53.484648,
        "core_momentum": 0.193661,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.140705
      },
      {
        "date": "2026-03-06",
        "close": 61.307463,
        "direction_boundary": 51.252846,
        "core_momentum": 0.196177,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.152886
      },
      {
        "date": "2026-03-13",
        "close": 60.519926,
        "direction_boundary": 50.312397,
        "core_momentum": 0.202883,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.154201
      },
      {
        "date": "2026-03-20",
        "close": 59.734687,
        "direction_boundary": 50.609293,
        "core_momentum": 0.180311,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.154863
      },
      {
        "date": "2026-03-27",
        "close": 60.3108,
        "direction_boundary": 49.723884,
        "core_momentum": 0.212914,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.154537
      },
      {
        "date": "2026-04-03",
        "close": 62.1165,
        "direction_boundary": 45.03768,
        "core_momentum": 0.379212,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.159282
      },
      {
        "date": "2026-04-10",
        "close": 64.6738,
        "direction_boundary": 45.713549,
        "core_momentum": 0.414762,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.155674
      },
      {
        "date": "2026-04-17",
        "close": 68.0768,
        "direction_boundary": 46.216324,
        "core_momentum": 0.473003,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.165584
      },
      {
        "date": "2026-04-24",
        "close": 68.969941,
        "direction_boundary": 47.967929,
        "core_momentum": 0.437834,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.163635
      },
      {
        "date": "2026-05-01",
        "close": 69.596833,
        "direction_boundary": 49.713801,
        "core_momentum": 0.39995,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.162718
      },
      {
        "date": "2026-05-08",
        "close": 71.339299,
        "direction_boundary": 49.882546,
        "core_momentum": 0.430146,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.162237
      },
      {
        "date": "2026-05-15",
        "close": 70.188299,
        "direction_boundary": 51.76029,
        "core_momentum": 0.356026,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.162362
      },
      {
        "date": "2026-05-22",
        "close": 72.254789,
        "direction_boundary": 49.87869,
        "core_momentum": 0.44861,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.164205
      },
      {
        "date": "2026-05-29",
        "close": 73.336433,
        "direction_boundary": 50.620397,
        "core_momentum": 0.448753,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.153554
      },
      {
        "date": "2026-06-05",
        "close": 72.03395,
        "direction_boundary": 51.967884,
        "core_momentum": 0.386124,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.157563
      },
      {
        "date": "2026-06-12",
        "close": 74.802774,
        "direction_boundary": 51.253758,
        "core_momentum": 0.459459,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.16331
      },
      {
        "date": "2026-06-19",
        "close": 75.764169,
        "direction_boundary": 51.665389,
        "core_momentum": 0.46644,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.1624
      },
      {
        "date": "2026-06-26",
        "close": 76.0839,
        "direction_boundary": 53.308108,
        "core_momentum": 0.427248,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.162384
      },
      {
        "date": "2026-07-03",
        "close": 75.6577,
        "direction_boundary": 55.116424,
        "core_momentum": 0.372689,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.160189
      },
      {
        "date": "2026-07-10",
        "close": 75.6881,
        "direction_boundary": 54.849484,
        "core_momentum": 0.379924,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151819
      },
      {
        "date": "2026-07-17",
        "close": 75.6003,
        "direction_boundary": 54.626653,
        "core_momentum": 0.383945,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151473
      },
      {
        "date": "2026-07-24",
        "close": 74.8994,
        "direction_boundary": 55.069539,
        "core_momentum": 0.360088,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.152553
      },
      {
        "date": "2026-07-31",
        "close": 74.966,
        "direction_boundary": 53.319705,
        "core_momentum": 0.405972,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151956
      },
      {
        "date": "2026-08-07",
        "close": 77.4458,
        "direction_boundary": 54.217173,
        "core_momentum": 0.428437,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.154797
      }
    ],
    "price_history": [
      {
        "date": "2024-08-09",
        "close": 50.457205,
        "volume": 62
      },
      {
        "date": "2024-08-16",
        "close": 51.99161,
        "volume": 75
      },
      {
        "date": "2024-08-23",
        "close": 53.979473,
        "volume": 773
      },
      {
        "date": "2024-08-30",
        "close": 54.165891,
        "volume": 374
      },
      {
        "date": "2024-09-06",
        "close": 51.144472,
        "volume": 259
      },
      {
        "date": "2024-09-13",
        "close": 53.181005,
        "volume": 119
      },
      {
        "date": "2024-09-20",
        "close": 54.07809,
        "volume": 254
      },
      {
        "date": "2024-09-27",
        "close": 53.927394,
        "volume": 55
      },
      {
        "date": "2024-10-04",
        "close": 53.539707,
        "volume": 63
      },
      {
        "date": "2024-10-11",
        "close": 54.14692,
        "volume": 112
      },
      {
        "date": "2024-10-18",
        "close": 54.879983,
        "volume": 14
      },
      {
        "date": "2024-10-25",
        "close": 53.16058,
        "volume": 16
      },
      {
        "date": "2024-11-01",
        "close": 53.606519,
        "volume": 242
      },
      {
        "date": "2024-11-08",
        "close": 58.231706,
        "volume": 1302
      },
      {
        "date": "2024-11-15",
        "close": 55.730041,
        "volume": 614
      },
      {
        "date": "2024-11-22",
        "close": 58.257979,
        "volume": 200
      },
      {
        "date": "2024-11-29",
        "close": 58.794148,
        "volume": 385
      },
      {
        "date": "2024-12-06",
        "close": 58.436472,
        "volume": 101
      },
      {
        "date": "2024-12-13",
        "close": 57.094523,
        "volume": 226
      },
      {
        "date": "2024-12-20",
        "close": 54.275427,
        "volume": 15045
      },
      {
        "date": "2024-12-27",
        "close": 54.116551,
        "volume": 345
      },
      {
        "date": "2025-01-03",
        "close": 54.684078,
        "volume": 36
      },
      {
        "date": "2025-01-10",
        "close": 53.264568,
        "volume": 272
      },
      {
        "date": "2025-01-17",
        "close": 56.01996,
        "volume": 1139
      },
      {
        "date": "2025-01-24",
        "close": 56.906698,
        "volume": 1117
      },
      {
        "date": "2025-01-31",
        "close": 56.252185,
        "volume": 32
      },
      {
        "date": "2025-02-07",
        "close": 56.28684,
        "volume": 1043
      },
      {
        "date": "2025-02-14",
        "close": 56.28457,
        "volume": 224
      },
      {
        "date": "2025-02-21",
        "close": 54.286374,
        "volume": 72
      },
      {
        "date": "2025-02-28",
        "close": 53.484648,
        "volume": 450
      },
      {
        "date": "2025-03-07",
        "close": 51.252846,
        "volume": 242
      },
      {
        "date": "2025-03-14",
        "close": 50.312397,
        "volume": 526
      },
      {
        "date": "2025-03-21",
        "close": 50.609293,
        "volume": 727
      },
      {
        "date": "2025-03-28",
        "close": 49.723884,
        "volume": 1029
      },
      {
        "date": "2025-04-04",
        "close": 45.03768,
        "volume": 7896
      },
      {
        "date": "2025-04-11",
        "close": 45.713549,
        "volume": 5001
      },
      {
        "date": "2025-04-18",
        "close": 46.216324,
        "volume": 5553
      },
      {
        "date": "2025-04-25",
        "close": 47.967929,
        "volume": 2666
      },
      {
        "date": "2025-05-02",
        "close": 49.713801,
        "volume": 27
      },
      {
        "date": "2025-05-09",
        "close": 49.882546,
        "volume": 25
      },
      {
        "date": "2025-05-16",
        "close": 51.76029,
        "volume": 1572
      },
      {
        "date": "2025-05-23",
        "close": 49.87869,
        "volume": 1428
      },
      {
        "date": "2025-05-30",
        "close": 50.620397,
        "volume": 289
      },
      {
        "date": "2025-06-06",
        "close": 51.967884,
        "volume": 767
      },
      {
        "date": "2025-06-13",
        "close": 51.253758,
        "volume": 531
      },
      {
        "date": "2025-06-20",
        "close": 51.665389,
        "volume": 31
      },
      {
        "date": "2025-06-27",
        "close": 53.308108,
        "volume": 490
      },
      {
        "date": "2025-07-04",
        "close": 55.116424,
        "volume": 327
      },
      {
        "date": "2025-07-11",
        "close": 54.849484,
        "volume": 287
      },
      {
        "date": "2025-07-18",
        "close": 54.626653,
        "volume": 947
      },
      {
        "date": "2025-07-25",
        "close": 55.069539,
        "volume": 16
      },
      {
        "date": "2025-08-01",
        "close": 53.319705,
        "volume": 20
      },
      {
        "date": "2025-08-08",
        "close": 54.217173,
        "volume": 117
      },
      {
        "date": "2025-08-15",
        "close": 55.702742,
        "volume": 1413
      },
      {
        "date": "2025-08-22",
        "close": 57.676991,
        "volume": 7481
      },
      {
        "date": "2025-08-29",
        "close": 57.804762,
        "volume": 6098
      },
      {
        "date": "2025-09-05",
        "close": 58.516471,
        "volume": 11417
      },
      {
        "date": "2025-09-12",
        "close": 58.439749,
        "volume": 2140
      },
      {
        "date": "2025-09-19",
        "close": 59.056399,
        "volume": 12694
      },
      {
        "date": "2025-09-26",
        "close": 58.441771,
        "volume": 997
      },
      {
        "date": "2025-10-03",
        "close": 58.868492,
        "volume": 515
      },
      {
        "date": "2025-10-10",
        "close": 56.550412,
        "volume": 11422
      },
      {
        "date": "2025-10-17",
        "close": 58.146516,
        "volume": 16453
      },
      {
        "date": "2025-10-24",
        "close": 59.626468,
        "volume": 7358
      },
      {
        "date": "2025-10-31",
        "close": 59.226497,
        "volume": 45
      },
      {
        "date": "2025-11-07",
        "close": 58.464842,
        "volume": 128
      },
      {
        "date": "2025-11-14",
        "close": 57.546262,
        "volume": 9457
      },
      {
        "date": "2025-11-21",
        "close": 57.36537,
        "volume": 9000
      },
      {
        "date": "2025-11-28",
        "close": 60.29892,
        "volume": 6011
      },
      {
        "date": "2025-12-05",
        "close": 60.692327,
        "volume": 1719
      },
      {
        "date": "2025-12-12",
        "close": 61.364083,
        "volume": 18
      },
      {
        "date": "2025-12-19",
        "close": 61.049979,
        "volume": 39
      },
      {
        "date": "2025-12-26",
        "close": 61.289578,
        "volume": 205
      },
      {
        "date": "2026-01-02",
        "close": 60.375547,
        "volume": 448
      },
      {
        "date": "2026-01-09",
        "close": 63.136522,
        "volume": 0
      },
      {
        "date": "2026-01-16",
        "close": 64.235297,
        "volume": 272
      },
      {
        "date": "2026-01-23",
        "close": 64.075531,
        "volume": 123
      },
      {
        "date": "2026-01-30",
        "close": 63.770988,
        "volume": 75
      },
      {
        "date": "2026-02-06",
        "close": 65.197586,
        "volume": 124
      },
      {
        "date": "2026-02-13",
        "close": 64.328718,
        "volume": 105
      },
      {
        "date": "2026-02-20",
        "close": 65.018537,
        "volume": 24
      },
      {
        "date": "2026-02-27",
        "close": 63.842527,
        "volume": 6307
      },
      {
        "date": "2026-03-06",
        "close": 61.307463,
        "volume": 8789
      },
      {
        "date": "2026-03-13",
        "close": 60.519926,
        "volume": 1043
      },
      {
        "date": "2026-03-20",
        "close": 59.734687,
        "volume": 201
      },
      {
        "date": "2026-03-27",
        "close": 60.3108,
        "volume": 4
      },
      {
        "date": "2026-04-03",
        "close": 62.1165,
        "volume": 5
      },
      {
        "date": "2026-04-10",
        "close": 64.6738,
        "volume": 230
      },
      {
        "date": "2026-04-17",
        "close": 68.0768,
        "volume": 169
      },
      {
        "date": "2026-04-24",
        "close": 68.969941,
        "volume": 171
      },
      {
        "date": "2026-05-01",
        "close": 69.596833,
        "volume": 781
      },
      {
        "date": "2026-05-08",
        "close": 71.339299,
        "volume": 177
      },
      {
        "date": "2026-05-15",
        "close": 70.188299,
        "volume": 35
      },
      {
        "date": "2026-05-22",
        "close": 72.254789,
        "volume": 59
      },
      {
        "date": "2026-05-29",
        "close": 73.336433,
        "volume": 359
      },
      {
        "date": "2026-06-05",
        "close": 72.03395,
        "volume": 299
      },
      {
        "date": "2026-06-12",
        "close": 74.802774,
        "volume": 20603
      },
      {
        "date": "2026-06-19",
        "close": 75.764169,
        "volume": 33609
      },
      {
        "date": "2026-06-26",
        "close": 76.0839,
        "volume": 8237
      },
      {
        "date": "2026-07-03",
        "close": 75.6577,
        "volume": 1725
      },
      {
        "date": "2026-07-10",
        "close": 75.6881,
        "volume": 458
      },
      {
        "date": "2026-07-17",
        "close": 75.6003,
        "volume": 2310
      },
      {
        "date": "2026-07-24",
        "close": 74.8994,
        "volume": 8827
      },
      {
        "date": "2026-07-31",
        "close": 74.966,
        "volume": 11743
      },
      {
        "date": "2026-08-07",
        "close": 77.4458,
        "volume": 5679
      }
    ],
    "sharemaestro_context": {
      "trend": 68.861228,
      "fair_value": 58.897399,
      "market_activity": 47.46128,
      "market_dynamics": 0.607529,
      "relative_strength": 5.168941
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.016429,
        "directional_follow_through": 0.8182,
        "regime_survival": 1.0,
        "conditional_difference": -0.006794,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.037184,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.040562,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.047696,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.127854,
        "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": "2025-08-08",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": 0.061403
      },
      {
        "direction": "negative",
        "start": "2025-11-21",
        "end": "2025-11-21",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2025-11-28",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.284365
      }
    ]
  }
}