{
  "ticker": {
    "uuid": "a29d6d64-33d0-4643-aeb4-9bca4ee40c62",
    "symbol": "7756",
    "name": "DONUTES",
    "exchange": "TWO",
    "country": "TW",
    "assetType": "equity"
  },
  "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": "2026-08-14",
    "latest_close": 38.799999,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 44.906006,
    "boundary_margin": -0.135973,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "High",
    "annualized_volatility": 0.206186,
    "volatility_stability": 0.7805,
    "risk_context": 0.485,
    "current_regime": {
      "move": -0.126373,
      "interruption": 0.042896,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 74.399,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "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 13.6% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is high."
    },
    "chart_path": [
      {
        "date": "2025-08-08",
        "close": 44.906006,
        "direction_boundary": 74.167336,
        "core_momentum": -0.394531,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.313741
      },
      {
        "date": "2025-08-15",
        "close": 46.189034,
        "direction_boundary": 70.078621,
        "core_momentum": -0.340897,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.311194
      },
      {
        "date": "2025-08-22",
        "close": 44.560574,
        "direction_boundary": 68.937584,
        "core_momentum": -0.35361,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.313394
      },
      {
        "date": "2025-08-29",
        "close": 45.399475,
        "direction_boundary": 67.986717,
        "core_momentum": -0.33223,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.311556
      },
      {
        "date": "2025-09-05",
        "close": 46.386421,
        "direction_boundary": 64.848877,
        "core_momentum": -0.2847,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.311042
      },
      {
        "date": "2025-09-12",
        "close": 46.7812,
        "direction_boundary": 57.146881,
        "core_momentum": -0.181387,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.301806
      },
      {
        "date": "2025-09-19",
        "close": 48.853786,
        "direction_boundary": 58.858437,
        "core_momentum": -0.169978,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.30343
      },
      {
        "date": "2025-09-26",
        "close": 51.025066,
        "direction_boundary": 58.953526,
        "core_momentum": -0.134487,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.308849
      },
      {
        "date": "2025-10-03",
        "close": 51.518539,
        "direction_boundary": 59.904385,
        "core_momentum": -0.139987,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.308874
      },
      {
        "date": "2025-10-10",
        "close": 49.051174,
        "direction_boundary": 57.337055,
        "core_momentum": -0.144512,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.263892
      },
      {
        "date": "2025-10-17",
        "close": 50.334202,
        "direction_boundary": 56.576363,
        "core_momentum": -0.110332,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.24346
      },
      {
        "date": "2025-10-24",
        "close": 48.064228,
        "direction_boundary": 56.576363,
        "core_momentum": -0.150454,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.248477
      },
      {
        "date": "2025-10-31",
        "close": 49.34726,
        "direction_boundary": 55.15007,
        "core_momentum": -0.105219,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.241157
      },
      {
        "date": "2025-11-07",
        "close": 49.34726,
        "direction_boundary": 53.5336,
        "core_momentum": -0.0782,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.211482
      },
      {
        "date": "2025-11-14",
        "close": 46.879894,
        "direction_boundary": 52.963085,
        "core_momentum": -0.114857,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.222819
      },
      {
        "date": "2025-11-21",
        "close": 47.768147,
        "direction_boundary": 49.444889,
        "core_momentum": -0.033911,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.223407
      },
      {
        "date": "2025-11-28",
        "close": 50.827675,
        "direction_boundary": 47.352989,
        "core_momentum": 0.073378,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.239827
      },
      {
        "date": "2025-12-05",
        "close": 51.025066,
        "direction_boundary": 47.923508,
        "core_momentum": 0.064719,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.22818
      },
      {
        "date": "2025-12-12",
        "close": 48.360313,
        "direction_boundary": 47.828423,
        "core_momentum": 0.011121,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.239473
      },
      {
        "date": "2025-12-19",
        "close": 46.09034,
        "direction_boundary": 47.162815,
        "core_momentum": -0.02274,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.243855
      },
      {
        "date": "2025-12-26",
        "close": 49.051174,
        "direction_boundary": 48.96946,
        "core_momentum": 0.001669,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.257459
      },
      {
        "date": "2026-01-02",
        "close": 48.607048,
        "direction_boundary": 47.543163,
        "core_momentum": 0.022377,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.255908
      },
      {
        "date": "2026-01-09",
        "close": 48.656395,
        "direction_boundary": 47.543163,
        "core_momentum": 0.023415,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.253111
      },
      {
        "date": "2026-01-16",
        "close": 48.360313,
        "direction_boundary": 47.543163,
        "core_momentum": 0.017188,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.252587
      },
      {
        "date": "2026-01-23",
        "close": 48.557701,
        "direction_boundary": 47.257904,
        "core_momentum": 0.027504,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.246313
      },
      {
        "date": "2026-01-30",
        "close": 46.73185,
        "direction_boundary": 46.116867,
        "core_momentum": 0.013335,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.248626
      },
      {
        "date": "2026-02-06",
        "close": 45.942295,
        "direction_boundary": 49.15963,
        "core_momentum": -0.065447,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.247062
      },
      {
        "date": "2026-02-13",
        "close": 48.26162,
        "direction_boundary": 47.067734,
        "core_momentum": 0.025365,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.253369
      },
      {
        "date": "2026-02-27",
        "close": 44.412533,
        "direction_boundary": 48.018597,
        "core_momentum": -0.075097,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.274923
      },
      {
        "date": "2026-03-06",
        "close": 44.708614,
        "direction_boundary": 49.444889,
        "core_momentum": -0.095789,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.273784
      },
      {
        "date": "2026-03-13",
        "close": 45.69556,
        "direction_boundary": 48.018597,
        "core_momentum": -0.048378,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.273838
      },
      {
        "date": "2026-03-20",
        "close": 45.399475,
        "direction_boundary": 50.585926,
        "core_momentum": -0.102528,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.273635
      },
      {
        "date": "2026-03-27",
        "close": 43.820366,
        "direction_boundary": 48.589111,
        "core_momentum": -0.098144,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.269785
      },
      {
        "date": "2026-04-03",
        "close": 44.116447,
        "direction_boundary": 49.254715,
        "core_momentum": -0.10432,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.261484
      },
      {
        "date": "2026-04-10",
        "close": 44.116447,
        "direction_boundary": 48.96946,
        "core_momentum": -0.099103,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.260703
      },
      {
        "date": "2026-04-17",
        "close": 42.438641,
        "direction_boundary": 43.359364,
        "core_momentum": -0.021235,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.257669
      },
      {
        "date": "2026-04-24",
        "close": 42.586685,
        "direction_boundary": 46.925098,
        "core_momentum": -0.092454,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.254064
      },
      {
        "date": "2026-05-01",
        "close": 42.586685,
        "direction_boundary": 48.494026,
        "core_momentum": -0.121816,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.247613
      },
      {
        "date": "2026-05-08",
        "close": 42.339947,
        "direction_boundary": 46.211952,
        "core_momentum": -0.083788,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.243544
      },
      {
        "date": "2026-05-15",
        "close": 43.425587,
        "direction_boundary": 50.205578,
        "core_momentum": -0.135045,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.247271
      },
      {
        "date": "2026-05-22",
        "close": 42.784069,
        "direction_boundary": 50.205578,
        "core_momentum": -0.147822,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.238616
      },
      {
        "date": "2026-05-29",
        "close": 42.241253,
        "direction_boundary": 49.254715,
        "core_momentum": -0.142392,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.236726
      },
      {
        "date": "2026-06-05",
        "close": 41.451698,
        "direction_boundary": 48.96946,
        "core_momentum": -0.153519,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.216812
      },
      {
        "date": "2026-06-12",
        "close": 39.625851,
        "direction_boundary": 46.592297,
        "core_momentum": -0.149519,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.222074
      },
      {
        "date": "2026-06-19",
        "close": 38.349998,
        "direction_boundary": 45.641438,
        "core_momentum": -0.159755,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.215604
      },
      {
        "date": "2026-06-26",
        "close": 39.5,
        "direction_boundary": 44.024971,
        "core_momentum": -0.102782,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.214276
      },
      {
        "date": "2026-07-03",
        "close": 39.200001,
        "direction_boundary": 43.739712,
        "core_momentum": -0.103789,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.190376
      },
      {
        "date": "2026-07-10",
        "close": 37.299999,
        "direction_boundary": 44.955353,
        "core_momentum": -0.170288,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.198716
      },
      {
        "date": "2026-07-17",
        "close": 37.299999,
        "direction_boundary": 43.91906,
        "core_momentum": -0.15071,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.198606
      },
      {
        "date": "2026-07-24",
        "close": 38.799999,
        "direction_boundary": 43.425587,
        "core_momentum": -0.106518,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.210193
      },
      {
        "date": "2026-07-31",
        "close": 38.5,
        "direction_boundary": 41.945168,
        "core_momentum": -0.082135,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.20942
      },
      {
        "date": "2026-08-07",
        "close": 38.900002,
        "direction_boundary": 43.622976,
        "core_momentum": -0.108268,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.206611
      },
      {
        "date": "2026-08-14",
        "close": 38.799999,
        "direction_boundary": 44.906006,
        "core_momentum": -0.135973,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.206186
      }
    ],
    "price_history": [
      {
        "date": "2024-08-02",
        "close": 74.167336,
        "volume": 171195
      },
      {
        "date": "2024-08-09",
        "close": 70.078621,
        "volume": 81840
      },
      {
        "date": "2024-08-16",
        "close": 68.937584,
        "volume": 34438
      },
      {
        "date": "2024-08-23",
        "close": 67.986717,
        "volume": 63908
      },
      {
        "date": "2024-08-30",
        "close": 64.848877,
        "volume": 75856
      },
      {
        "date": "2024-09-06",
        "close": 57.146881,
        "volume": 67577
      },
      {
        "date": "2024-09-13",
        "close": 58.858437,
        "volume": 11841
      },
      {
        "date": "2024-09-20",
        "close": 58.953526,
        "volume": 6216
      },
      {
        "date": "2024-09-27",
        "close": 59.904385,
        "volume": 6427
      },
      {
        "date": "2024-10-04",
        "close": 57.337055,
        "volume": 10149
      },
      {
        "date": "2024-10-11",
        "close": 56.576363,
        "volume": 13796
      },
      {
        "date": "2024-10-18",
        "close": 56.576363,
        "volume": 36140
      },
      {
        "date": "2024-10-25",
        "close": 55.15007,
        "volume": 5130
      },
      {
        "date": "2024-11-01",
        "close": 53.5336,
        "volume": 23340
      },
      {
        "date": "2024-11-08",
        "close": 52.963085,
        "volume": 21394
      },
      {
        "date": "2024-11-15",
        "close": 49.444889,
        "volume": 9874
      },
      {
        "date": "2024-11-22",
        "close": 47.352989,
        "volume": 15977
      },
      {
        "date": "2024-11-29",
        "close": 47.923508,
        "volume": 25616
      },
      {
        "date": "2024-12-06",
        "close": 47.828423,
        "volume": 16570
      },
      {
        "date": "2024-12-13",
        "close": 47.162815,
        "volume": 25404
      },
      {
        "date": "2024-12-20",
        "close": 48.96946,
        "volume": 12
      },
      {
        "date": "2024-12-27",
        "close": 47.543163,
        "volume": 21897
      },
      {
        "date": "2025-01-03",
        "close": 47.543163,
        "volume": 3010
      },
      {
        "date": "2025-01-10",
        "close": 47.543163,
        "volume": 19295
      },
      {
        "date": "2025-01-17",
        "close": 47.257904,
        "volume": 27174
      },
      {
        "date": "2025-01-24",
        "close": 46.116867,
        "volume": 3420
      },
      {
        "date": "2025-02-07",
        "close": 49.15963,
        "volume": 21068
      },
      {
        "date": "2025-02-14",
        "close": 47.067734,
        "volume": 8158
      },
      {
        "date": "2025-02-21",
        "close": 48.018597,
        "volume": 31381
      },
      {
        "date": "2025-02-28",
        "close": 49.444889,
        "volume": 1
      },
      {
        "date": "2025-03-07",
        "close": 48.018597,
        "volume": 5590
      },
      {
        "date": "2025-03-14",
        "close": 50.585926,
        "volume": 4400
      },
      {
        "date": "2025-03-21",
        "close": 48.589111,
        "volume": 6065
      },
      {
        "date": "2025-03-28",
        "close": 49.254715,
        "volume": 8002
      },
      {
        "date": "2025-04-04",
        "close": 48.96946,
        "volume": 1000
      },
      {
        "date": "2025-04-11",
        "close": 43.359364,
        "volume": 41120
      },
      {
        "date": "2025-04-18",
        "close": 46.925098,
        "volume": 12087
      },
      {
        "date": "2025-04-25",
        "close": 48.494026,
        "volume": 2
      },
      {
        "date": "2025-05-02",
        "close": 46.211952,
        "volume": 3004
      },
      {
        "date": "2025-05-09",
        "close": 50.205578,
        "volume": 57729
      },
      {
        "date": "2025-05-16",
        "close": 50.205578,
        "volume": 5001
      },
      {
        "date": "2025-05-23",
        "close": 49.254715,
        "volume": 1100
      },
      {
        "date": "2025-05-30",
        "close": 48.96946,
        "volume": 2133
      },
      {
        "date": "2025-06-06",
        "close": 46.592297,
        "volume": 8728
      },
      {
        "date": "2025-06-13",
        "close": 45.641438,
        "volume": 9136
      },
      {
        "date": "2025-06-20",
        "close": 44.024971,
        "volume": 23930
      },
      {
        "date": "2025-06-27",
        "close": 43.739712,
        "volume": 3903
      },
      {
        "date": "2025-07-04",
        "close": 44.955353,
        "volume": 10892
      },
      {
        "date": "2025-07-11",
        "close": 43.91906,
        "volume": 3700
      },
      {
        "date": "2025-07-18",
        "close": 43.425587,
        "volume": 7382
      },
      {
        "date": "2025-07-25",
        "close": 41.945168,
        "volume": 17714
      },
      {
        "date": "2025-08-01",
        "close": 43.622976,
        "volume": 5138
      },
      {
        "date": "2025-08-08",
        "close": 44.906006,
        "volume": 2634
      },
      {
        "date": "2025-08-15",
        "close": 46.189034,
        "volume": 6665
      },
      {
        "date": "2025-08-22",
        "close": 44.560574,
        "volume": 11316
      },
      {
        "date": "2025-08-29",
        "close": 45.399475,
        "volume": 11081
      },
      {
        "date": "2025-09-05",
        "close": 46.386421,
        "volume": 28466
      },
      {
        "date": "2025-09-12",
        "close": 46.7812,
        "volume": 16
      },
      {
        "date": "2025-09-19",
        "close": 48.853786,
        "volume": 16437
      },
      {
        "date": "2025-09-26",
        "close": 51.025066,
        "volume": 3046
      },
      {
        "date": "2025-10-03",
        "close": 51.518539,
        "volume": 13344
      },
      {
        "date": "2025-10-10",
        "close": 49.051174,
        "volume": 1598
      },
      {
        "date": "2025-10-17",
        "close": 50.334202,
        "volume": 36055
      },
      {
        "date": "2025-10-24",
        "close": 48.064228,
        "volume": 8908
      },
      {
        "date": "2025-10-31",
        "close": 49.34726,
        "volume": 10129
      },
      {
        "date": "2025-11-07",
        "close": 49.34726,
        "volume": 4517
      },
      {
        "date": "2025-11-14",
        "close": 46.879894,
        "volume": 14446
      },
      {
        "date": "2025-11-21",
        "close": 47.768147,
        "volume": 13362
      },
      {
        "date": "2025-11-28",
        "close": 50.827675,
        "volume": 8455
      },
      {
        "date": "2025-12-05",
        "close": 51.025066,
        "volume": 59
      },
      {
        "date": "2025-12-12",
        "close": 48.360313,
        "volume": 15031
      },
      {
        "date": "2025-12-19",
        "close": 46.09034,
        "volume": 18597
      },
      {
        "date": "2025-12-26",
        "close": 49.051174,
        "volume": 12021
      },
      {
        "date": "2026-01-02",
        "close": 48.607048,
        "volume": 4372
      },
      {
        "date": "2026-01-09",
        "close": 48.656395,
        "volume": 16273
      },
      {
        "date": "2026-01-16",
        "close": 48.360313,
        "volume": 2087
      },
      {
        "date": "2026-01-23",
        "close": 48.557701,
        "volume": 40461
      },
      {
        "date": "2026-01-30",
        "close": 46.73185,
        "volume": 3502
      },
      {
        "date": "2026-02-06",
        "close": 45.942295,
        "volume": 6421
      },
      {
        "date": "2026-02-13",
        "close": 48.26162,
        "volume": 30877
      },
      {
        "date": "2026-02-27",
        "close": 44.412533,
        "volume": 31602
      },
      {
        "date": "2026-03-06",
        "close": 44.708614,
        "volume": 39911
      },
      {
        "date": "2026-03-13",
        "close": 45.69556,
        "volume": 20822
      },
      {
        "date": "2026-03-20",
        "close": 45.399475,
        "volume": 16827
      },
      {
        "date": "2026-03-27",
        "close": 43.820366,
        "volume": 10110
      },
      {
        "date": "2026-04-03",
        "close": 44.116447,
        "volume": 1431
      },
      {
        "date": "2026-04-10",
        "close": 44.116447,
        "volume": 740
      },
      {
        "date": "2026-04-17",
        "close": 42.438641,
        "volume": 31834
      },
      {
        "date": "2026-04-24",
        "close": 42.586685,
        "volume": 18335
      },
      {
        "date": "2026-05-01",
        "close": 42.586685,
        "volume": 13908
      },
      {
        "date": "2026-05-08",
        "close": 42.339947,
        "volume": 31910
      },
      {
        "date": "2026-05-15",
        "close": 43.425587,
        "volume": 61983
      },
      {
        "date": "2026-05-22",
        "close": 42.784069,
        "volume": 44936
      },
      {
        "date": "2026-05-29",
        "close": 42.241253,
        "volume": 19145
      },
      {
        "date": "2026-06-05",
        "close": 41.451698,
        "volume": 7449
      },
      {
        "date": "2026-06-12",
        "close": 39.625851,
        "volume": 19499
      },
      {
        "date": "2026-06-19",
        "close": 38.349998,
        "volume": 12418
      },
      {
        "date": "2026-06-26",
        "close": 39.5,
        "volume": 15224
      },
      {
        "date": "2026-07-03",
        "close": 39.200001,
        "volume": 4841
      },
      {
        "date": "2026-07-10",
        "close": 37.299999,
        "volume": 10475
      },
      {
        "date": "2026-07-17",
        "close": 37.299999,
        "volume": 2383
      },
      {
        "date": "2026-07-24",
        "close": 38.799999,
        "volume": 22275
      },
      {
        "date": "2026-07-31",
        "close": 38.5,
        "volume": 3903
      },
      {
        "date": "2026-08-07",
        "close": 38.900002,
        "volume": 9430
      },
      {
        "date": "2026-08-14",
        "close": 38.799999,
        "volume": 2170
      }
    ],
    "sharemaestro_context": {
      "trend": 42.541788,
      "fair_value": 48.034192,
      "market_activity": -75.060472,
      "market_dynamics": -0.827718,
      "relative_strength": -39.861957
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.004349,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": 0.013372,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.025006,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": 0.096554,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.023077,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.165077,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.135973,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.0,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "negative",
        "start": "2025-08-08",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.063736
      },
      {
        "direction": "positive",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "Brief",
        "return": -0.048544
      },
      {
        "direction": "negative",
        "start": "2025-12-19",
        "end": "2025-12-19",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2025-12-26",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.047284
      },
      {
        "direction": "negative",
        "start": "2026-02-06",
        "end": "2026-02-06",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-02-13",
        "end": "2026-02-13",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2026-02-27",
        "end": "2026-08-14",
        "tenure": "Established",
        "return": -0.126373
      }
    ]
  }
}