{
  "ticker": {
    "uuid": "c6d67be9-a6e2-4a82-902c-e0a14180d1cd",
    "symbol": "SMIA",
    "name": "UBS SMI ETF CHF acc",
    "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": 4.169,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 3.367,
    "boundary_margin": 0.238194,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.157459,
    "volatility_stability": 0.6546,
    "risk_context": 0.6351,
    "current_regime": {
      "move": 0.008344,
      "interruption": -0.012577,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 89.808,
    "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 23.8% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2026-04-03",
        "close": 3.67,
        "direction_boundary": 10.742,
        "core_momentum": -0.65835,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.158957
      },
      {
        "date": "2026-04-10",
        "close": 3.7435,
        "direction_boundary": 9.691,
        "core_momentum": -0.613714,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.160544
      },
      {
        "date": "2026-04-17",
        "close": 3.8095,
        "direction_boundary": 9.353,
        "core_momentum": -0.592698,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.16192
      },
      {
        "date": "2026-04-24",
        "close": 3.76,
        "direction_boundary": 9.674,
        "core_momentum": -0.611329,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.163028
      },
      {
        "date": "2026-05-01",
        "close": 3.778,
        "direction_boundary": 10.062,
        "core_momentum": -0.624528,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.157495
      },
      {
        "date": "2026-05-08",
        "close": 3.7505,
        "direction_boundary": 10.334,
        "core_momentum": -0.637072,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.158182
      },
      {
        "date": "2026-05-15",
        "close": 3.7835,
        "direction_boundary": 10.164,
        "core_momentum": -0.627755,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.153468
      },
      {
        "date": "2026-05-22",
        "close": 3.869,
        "direction_boundary": 10.28,
        "core_momentum": -0.623638,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.155853
      },
      {
        "date": "2026-05-29",
        "close": 3.8925,
        "direction_boundary": 10.352,
        "core_momentum": -0.623986,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.154811
      },
      {
        "date": "2026-06-05",
        "close": 3.8405,
        "direction_boundary": 10.328,
        "core_momentum": -0.628147,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.156257
      },
      {
        "date": "2026-06-12",
        "close": 3.929,
        "direction_boundary": 10.4,
        "core_momentum": -0.622212,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.158285
      },
      {
        "date": "2026-06-19",
        "close": 3.944,
        "direction_boundary": 10.304,
        "core_momentum": -0.617236,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.156618
      },
      {
        "date": "2026-06-26",
        "close": 4.061,
        "direction_boundary": 10.082,
        "core_momentum": -0.597203,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.160479
      },
      {
        "date": "2026-07-03",
        "close": 4.1345,
        "direction_boundary": 3.364,
        "core_momentum": 0.229043,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.161659
      },
      {
        "date": "2026-07-10",
        "close": 4.0825,
        "direction_boundary": 3.3745,
        "core_momentum": 0.209809,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.162943
      },
      {
        "date": "2026-07-17",
        "close": 4.1075,
        "direction_boundary": 3.37,
        "core_momentum": 0.218843,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.16289
      },
      {
        "date": "2026-07-24",
        "close": 4.1075,
        "direction_boundary": 3.3705,
        "core_momentum": 0.218662,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.159121
      },
      {
        "date": "2026-07-31",
        "close": 4.112,
        "direction_boundary": 3.3475,
        "core_momentum": 0.228379,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.159178
      },
      {
        "date": "2026-08-07",
        "close": 4.169,
        "direction_boundary": 3.367,
        "core_momentum": 0.238194,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.157459
      }
    ],
    "price_history": [
      {
        "date": "2025-03-28",
        "close": 10.742,
        "volume": 3185
      },
      {
        "date": "2025-04-04",
        "close": 9.691,
        "volume": 2566
      },
      {
        "date": "2025-04-11",
        "close": 9.353,
        "volume": 236950
      },
      {
        "date": "2025-04-18",
        "close": 9.674,
        "volume": 110771
      },
      {
        "date": "2025-04-25",
        "close": 10.062,
        "volume": 6510
      },
      {
        "date": "2025-05-02",
        "close": 10.334,
        "volume": 95474
      },
      {
        "date": "2025-05-09",
        "close": 10.164,
        "volume": 115528
      },
      {
        "date": "2025-05-16",
        "close": 10.28,
        "volume": 83107
      },
      {
        "date": "2025-05-23",
        "close": 10.352,
        "volume": 1029981
      },
      {
        "date": "2025-05-30",
        "close": 10.328,
        "volume": 156428
      },
      {
        "date": "2025-06-06",
        "close": 10.4,
        "volume": 4913
      },
      {
        "date": "2025-06-13",
        "close": 10.304,
        "volume": 49466
      },
      {
        "date": "2025-06-20",
        "close": 10.082,
        "volume": 172878
      },
      {
        "date": "2025-06-27",
        "close": 3.364,
        "volume": 7500
      },
      {
        "date": "2025-07-11",
        "close": 3.3745,
        "volume": 104274
      },
      {
        "date": "2025-07-18",
        "close": 3.37,
        "volume": 103029
      },
      {
        "date": "2025-07-25",
        "close": 3.3705,
        "volume": 11982
      },
      {
        "date": "2025-08-01",
        "close": 3.3475,
        "volume": 282481
      },
      {
        "date": "2025-08-08",
        "close": 3.367,
        "volume": 467889
      },
      {
        "date": "2025-08-15",
        "close": 3.3925,
        "volume": 105778
      },
      {
        "date": "2025-08-22",
        "close": 3.447,
        "volume": 134062
      },
      {
        "date": "2025-08-29",
        "close": 3.433,
        "volume": 449446
      },
      {
        "date": "2025-09-05",
        "close": 3.48,
        "volume": 321435
      },
      {
        "date": "2025-09-12",
        "close": 3.4205,
        "volume": 205349
      },
      {
        "date": "2025-09-19",
        "close": 3.3995,
        "volume": 318843
      },
      {
        "date": "2025-09-26",
        "close": 3.3455,
        "volume": 147790
      },
      {
        "date": "2025-10-03",
        "close": 3.5055,
        "volume": 359711
      },
      {
        "date": "2025-10-10",
        "close": 3.541,
        "volume": 96856
      },
      {
        "date": "2025-10-17",
        "close": 3.543,
        "volume": 208098
      },
      {
        "date": "2025-10-24",
        "close": 3.5234,
        "volume": 140188
      },
      {
        "date": "2025-10-31",
        "close": 3.4305,
        "volume": 556688
      },
      {
        "date": "2025-11-07",
        "close": 3.432,
        "volume": 226433
      },
      {
        "date": "2025-11-14",
        "close": 3.539,
        "volume": 270864
      },
      {
        "date": "2025-11-21",
        "close": 3.541,
        "volume": 538887
      },
      {
        "date": "2025-11-28",
        "close": 3.599,
        "volume": 181978
      },
      {
        "date": "2025-12-05",
        "close": 3.629,
        "volume": 374351
      },
      {
        "date": "2025-12-12",
        "close": 3.606,
        "volume": 145904
      },
      {
        "date": "2025-12-19",
        "close": 3.676,
        "volume": 485201
      },
      {
        "date": "2025-12-26",
        "close": 3.719,
        "volume": 175672
      },
      {
        "date": "2026-01-02",
        "close": 3.72,
        "volume": 270658
      },
      {
        "date": "2026-01-09",
        "close": 3.7615,
        "volume": 557509
      },
      {
        "date": "2026-01-16",
        "close": 3.7585,
        "volume": 346999
      },
      {
        "date": "2026-01-23",
        "close": 3.68,
        "volume": 390582
      },
      {
        "date": "2026-01-30",
        "close": 3.6975,
        "volume": 471861
      },
      {
        "date": "2026-02-06",
        "close": 3.784,
        "volume": 406871
      },
      {
        "date": "2026-02-13",
        "close": 3.808,
        "volume": 1065574
      },
      {
        "date": "2026-02-20",
        "close": 3.869,
        "volume": 591608
      },
      {
        "date": "2026-02-27",
        "close": 3.9355,
        "volume": 973964
      },
      {
        "date": "2026-03-06",
        "close": 3.664,
        "volume": 2097747
      },
      {
        "date": "2026-03-13",
        "close": 3.62,
        "volume": 1008001
      },
      {
        "date": "2026-03-20",
        "close": 3.4775,
        "volume": 1887520
      },
      {
        "date": "2026-03-27",
        "close": 3.562,
        "volume": 1577725
      },
      {
        "date": "2026-04-03",
        "close": 3.67,
        "volume": 452616
      },
      {
        "date": "2026-04-10",
        "close": 3.7435,
        "volume": 320957
      },
      {
        "date": "2026-04-17",
        "close": 3.8095,
        "volume": 555478
      },
      {
        "date": "2026-04-24",
        "close": 3.76,
        "volume": 755239
      },
      {
        "date": "2026-05-01",
        "close": 3.778,
        "volume": 607882
      },
      {
        "date": "2026-05-08",
        "close": 3.7505,
        "volume": 859151
      },
      {
        "date": "2026-05-15",
        "close": 3.7835,
        "volume": 428062
      },
      {
        "date": "2026-05-22",
        "close": 3.869,
        "volume": 312924
      },
      {
        "date": "2026-05-29",
        "close": 3.8925,
        "volume": 673731
      },
      {
        "date": "2026-06-05",
        "close": 3.8405,
        "volume": 49181
      },
      {
        "date": "2026-06-12",
        "close": 3.929,
        "volume": 38110
      },
      {
        "date": "2026-06-19",
        "close": 3.944,
        "volume": 240468
      },
      {
        "date": "2026-06-26",
        "close": 4.061,
        "volume": 360829
      },
      {
        "date": "2026-07-03",
        "close": 4.1345,
        "volume": 35132
      },
      {
        "date": "2026-07-10",
        "close": 4.0825,
        "volume": 294873
      },
      {
        "date": "2026-07-17",
        "close": 4.1075,
        "volume": 352275
      },
      {
        "date": "2026-07-24",
        "close": 4.1075,
        "volume": 405436
      },
      {
        "date": "2026-07-31",
        "close": 4.112,
        "volume": 324057
      },
      {
        "date": "2026-08-07",
        "close": 4.169,
        "volume": 1261181
      }
    ],
    "sharemaestro_context": {
      "trend": 3.846667,
      "fair_value": 4.859766,
      "market_activity": 19.343064,
      "market_dynamics": 3.010063,
      "relative_strength": 1.407297
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.005442,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.034431,
        "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": "negative",
        "start": "2026-04-03",
        "end": "2026-06-26",
        "tenure": "Established",
        "return": 0.10654
      },
      {
        "direction": "positive",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.008344
      }
    ]
  }
}