{
  "ticker": {
    "uuid": "a5bf3ee1-7381-45e3-b1d3-7659978e9c9c",
    "symbol": "CTWO",
    "name": "COTWO ADVISORS PHYSICAL EUROPEAN CARBON ALLOWANCE TRUST",
    "exchange": "NYSEARCA",
    "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": 18.325,
    "direction": "positive",
    "state": "Positive, Trend views divided",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 16.725,
    "boundary_margin": 0.095665,
    "trend_agreement": "Divided",
    "persistence": "Early",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.285864,
    "volatility_stability": 0.7584,
    "risk_context": 0.3498,
    "current_regime": {
      "move": 0.081121,
      "interruption": -0.026962,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 50.232,
    "interpretation": {
      "label": "Positive, Trend views divided",
      "headline": "Positive, 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 remains in its early lifecycle.",
      "boundary_context": "The latest close is 9.6% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2026-06-19",
        "close": 17.1,
        "direction_boundary": 17.1449,
        "core_momentum": -0.002619,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.34664
      },
      {
        "date": "2026-06-26",
        "close": 16.95,
        "direction_boundary": 16.625,
        "core_momentum": 0.019549,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.345089
      },
      {
        "date": "2026-07-03",
        "close": 17.0,
        "direction_boundary": 16.855,
        "core_momentum": 0.008603,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.344968
      },
      {
        "date": "2026-07-10",
        "close": 16.85,
        "direction_boundary": 16.4,
        "core_momentum": 0.027439,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.344868
      },
      {
        "date": "2026-07-17",
        "close": 18.26,
        "direction_boundary": 16.355,
        "core_momentum": 0.116478,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.325102
      },
      {
        "date": "2026-07-24",
        "close": 18.73,
        "direction_boundary": 16.46,
        "core_momentum": 0.13791,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.32378
      },
      {
        "date": "2026-07-31",
        "close": 18.225,
        "direction_boundary": 16.35,
        "core_momentum": 0.114679,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.324591
      },
      {
        "date": "2026-08-07",
        "close": 18.325,
        "direction_boundary": 16.725,
        "core_momentum": 0.095665,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.285864
      }
    ],
    "price_history": [
      {
        "date": "2025-06-20",
        "close": 17.1449,
        "volume": 7211
      },
      {
        "date": "2025-06-27",
        "close": 16.625,
        "volume": 7118
      },
      {
        "date": "2025-07-04",
        "close": 16.855,
        "volume": 1749
      },
      {
        "date": "2025-07-11",
        "close": 16.4,
        "volume": 2718
      },
      {
        "date": "2025-07-18",
        "close": 16.355,
        "volume": 5279
      },
      {
        "date": "2025-07-25",
        "close": 16.46,
        "volume": 9263
      },
      {
        "date": "2025-08-01",
        "close": 16.35,
        "volume": 6684
      },
      {
        "date": "2025-08-08",
        "close": 16.725,
        "volume": 3611
      },
      {
        "date": "2025-08-15",
        "close": 16.51,
        "volume": 1780
      },
      {
        "date": "2025-08-22",
        "close": 16.725,
        "volume": 797
      },
      {
        "date": "2025-08-29",
        "close": 16.825,
        "volume": 2580
      },
      {
        "date": "2025-09-05",
        "close": 17.725,
        "volume": 9806
      },
      {
        "date": "2025-09-12",
        "close": 17.675,
        "volume": 9763
      },
      {
        "date": "2025-09-19",
        "close": 18.015,
        "volume": 2283
      },
      {
        "date": "2025-09-26",
        "close": 17.6,
        "volume": 1466
      },
      {
        "date": "2025-10-03",
        "close": 18.3751,
        "volume": 3841
      },
      {
        "date": "2025-10-10",
        "close": 18.47,
        "volume": 7609
      },
      {
        "date": "2025-10-17",
        "close": 18.4,
        "volume": 5574
      },
      {
        "date": "2025-10-24",
        "close": 18.225,
        "volume": 1751
      },
      {
        "date": "2025-10-31",
        "close": 18.225,
        "volume": 6686
      },
      {
        "date": "2025-11-07",
        "close": 18.45,
        "volume": 6388
      },
      {
        "date": "2025-11-14",
        "close": 18.75,
        "volume": 2341
      },
      {
        "date": "2025-11-21",
        "close": 18.45,
        "volume": 1886
      },
      {
        "date": "2025-11-28",
        "close": 19.1,
        "volume": 2526
      },
      {
        "date": "2025-12-05",
        "close": 19.025,
        "volume": 549
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      {
        "date": "2025-12-12",
        "close": 19.48,
        "volume": 724
      },
      {
        "date": "2025-12-19",
        "close": 19.525,
        "volume": 2424
      },
      {
        "date": "2025-12-26",
        "close": 19.875,
        "volume": 500
      },
      {
        "date": "2026-01-02",
        "close": 19.975,
        "volume": 134
      },
      {
        "date": "2026-01-09",
        "close": 19.975,
        "volume": 314
      },
      {
        "date": "2026-01-16",
        "close": 22.35,
        "volume": 26704
      },
      {
        "date": "2026-01-23",
        "close": 21.379,
        "volume": 28441
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        "date": "2026-01-30",
        "close": 21.56,
        "volume": 32155
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        "date": "2026-02-06",
        "close": 19.25,
        "volume": 9174
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        "date": "2026-02-13",
        "close": 19.8,
        "volume": 13005
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      {
        "date": "2026-02-20",
        "close": 20.235,
        "volume": 22816
      },
      {
        "date": "2026-02-27",
        "close": 18.8,
        "volume": 13260
      },
      {
        "date": "2026-03-06",
        "close": 17.03,
        "volume": 13020
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      {
        "date": "2026-03-13",
        "close": 17.375,
        "volume": 1117
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      {
        "date": "2026-03-20",
        "close": 15.75,
        "volume": 13178
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      {
        "date": "2026-03-27",
        "close": 15.75,
        "volume": 2817
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      {
        "date": "2026-04-03",
        "close": 15.675,
        "volume": 2527
      },
      {
        "date": "2026-04-10",
        "close": 16.325,
        "volume": 1207
      },
      {
        "date": "2026-04-17",
        "close": 16.75,
        "volume": 546
      },
      {
        "date": "2026-04-24",
        "close": 16.95,
        "volume": 460
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      {
        "date": "2026-05-01",
        "close": 16.75,
        "volume": 304
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      {
        "date": "2026-05-08",
        "close": 16.6415,
        "volume": 222
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      {
        "date": "2026-05-15",
        "close": 16.575,
        "volume": 263
      },
      {
        "date": "2026-05-22",
        "close": 16.95,
        "volume": 2030
      },
      {
        "date": "2026-05-29",
        "close": 17.575,
        "volume": 1012
      },
      {
        "date": "2026-06-05",
        "close": 17.225,
        "volume": 1113
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      {
        "date": "2026-06-12",
        "close": 16.7,
        "volume": 521
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      {
        "date": "2026-06-19",
        "close": 17.1,
        "volume": 462
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      {
        "date": "2026-06-26",
        "close": 16.95,
        "volume": 226
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      {
        "date": "2026-07-03",
        "close": 17.0,
        "volume": 164
      },
      {
        "date": "2026-07-10",
        "close": 16.85,
        "volume": 43
      },
      {
        "date": "2026-07-17",
        "close": 18.26,
        "volume": 23325
      },
      {
        "date": "2026-07-24",
        "close": 18.73,
        "volume": 39154
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        "date": "2026-07-31",
        "close": 18.225,
        "volume": 6737
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      {
        "date": "2026-08-07",
        "close": 18.325,
        "volume": 57
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    ],
    "sharemaestro_context": {
      "trend": 17.82785,
      "fair_value": 17.885425,
      "market_activity": 40.064585,
      "market_dynamics": 1.024021,
      "relative_strength": -9.823978
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.105015,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.025217,
        "sufficient": false
      },
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        "horizon": "Intermediate",
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        "median_return": null,
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        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
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        "horizon": "Longer term",
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        "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": "2026-06-19",
        "end": "2026-06-19",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.081121
      }
    ]
  }
}