{
  "ticker": {
    "uuid": "fd59c4c6-5672-4a15-8b81-1b8b26e74499",
    "symbol": "FETH",
    "name": "Fidelity Ethereum Fund",
    "exchange": "CBOE",
    "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": 19.1,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 40.61,
    "boundary_margin": -0.529672,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "High",
    "annualized_volatility": 0.483506,
    "volatility_stability": 1.0082,
    "risk_context": 0.2068,
    "current_regime": {
      "move": -0.172444,
      "interruption": 0.218112,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 87.885,
    "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 53.0% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is high."
    },
    "chart_path": [
      {
        "date": "2025-07-25",
        "close": 36.42,
        "direction_boundary": 32.79,
        "core_momentum": 0.110704,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.748596
      },
      {
        "date": "2025-08-01",
        "close": 34.97,
        "direction_boundary": 30.12,
        "core_momentum": 0.161023,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.751032
      },
      {
        "date": "2025-08-08",
        "close": 40.61,
        "direction_boundary": 25.94,
        "core_momentum": 0.565536,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.684576
      },
      {
        "date": "2025-08-15",
        "close": 43.8,
        "direction_boundary": 26.23,
        "core_momentum": 0.669844,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.687361
      },
      {
        "date": "2025-08-22",
        "close": 48.4,
        "direction_boundary": 27.52,
        "core_momentum": 0.758721,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.691343
      },
      {
        "date": "2025-08-29",
        "close": 43.33,
        "direction_boundary": 25.06,
        "core_momentum": 0.72905,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.661124
      },
      {
        "date": "2025-09-05",
        "close": 43.27,
        "direction_boundary": 22.22,
        "core_momentum": 0.947345,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.657899
      },
      {
        "date": "2025-09-12",
        "close": 46.66,
        "direction_boundary": 24.24,
        "core_momentum": 0.924917,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.631125
      },
      {
        "date": "2025-09-19",
        "close": 44.34,
        "direction_boundary": 25.44,
        "core_momentum": 0.742925,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.641832
      },
      {
        "date": "2025-09-26",
        "close": 40.23,
        "direction_boundary": 27.03,
        "core_momentum": 0.488346,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.656321
      },
      {
        "date": "2025-10-03",
        "close": 45.2,
        "direction_boundary": 24.32,
        "core_momentum": 0.858553,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.660326
      },
      {
        "date": "2025-10-10",
        "close": 39.88,
        "direction_boundary": 24.61,
        "core_momentum": 0.620479,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.651044
      },
      {
        "date": "2025-10-17",
        "close": 38.22,
        "direction_boundary": 26.53,
        "core_momentum": 0.440633,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.659218
      },
      {
        "date": "2025-10-24",
        "close": 39.22,
        "direction_boundary": 24.73,
        "core_momentum": 0.585928,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.643915
      },
      {
        "date": "2025-10-31",
        "close": 38.78,
        "direction_boundary": 25.14,
        "core_momentum": 0.542562,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.646309
      },
      {
        "date": "2025-11-07",
        "close": 34.57,
        "direction_boundary": 29.49,
        "core_momentum": 0.172262,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.601521
      },
      {
        "date": "2025-11-14",
        "close": 31.29,
        "direction_boundary": 30.9,
        "core_momentum": 0.012621,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.607087
      },
      {
        "date": "2025-11-21",
        "close": 27.31,
        "direction_boundary": 32.92,
        "core_momentum": -0.170413,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.638446
      },
      {
        "date": "2025-11-28",
        "close": 30.3,
        "direction_boundary": 35.88,
        "core_momentum": -0.155518,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.653767
      },
      {
        "date": "2025-12-05",
        "close": 30.16,
        "direction_boundary": 40.64,
        "core_momentum": -0.257874,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.651204
      },
      {
        "date": "2025-12-12",
        "close": 30.75,
        "direction_boundary": 39.26,
        "core_momentum": -0.21676,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.651276
      },
      {
        "date": "2025-12-19",
        "close": 29.87,
        "direction_boundary": 34.43,
        "core_momentum": -0.132443,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.648806
      },
      {
        "date": "2025-12-26",
        "close": 29.24,
        "direction_boundary": 33.36,
        "core_momentum": -0.123501,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.650038
      },
      {
        "date": "2026-01-02",
        "close": 31.12,
        "direction_boundary": 36.05,
        "core_momentum": -0.136755,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.649645
      },
      {
        "date": "2026-01-09",
        "close": 30.63,
        "direction_boundary": 32.59,
        "core_momentum": -0.060141,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.61311
      },
      {
        "date": "2026-01-16",
        "close": 32.85,
        "direction_boundary": 35.215,
        "core_momentum": -0.067159,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.574544
      },
      {
        "date": "2026-01-23",
        "close": 29.28,
        "direction_boundary": 33.33,
        "core_momentum": -0.121512,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.593507
      },
      {
        "date": "2026-01-30",
        "close": 26.65,
        "direction_boundary": 33.18,
        "core_momentum": -0.196805,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.603862
      },
      {
        "date": "2026-02-06",
        "close": 20.48,
        "direction_boundary": 25.85,
        "core_momentum": -0.207737,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.654417
      },
      {
        "date": "2026-02-13",
        "close": 20.4,
        "direction_boundary": 27.33,
        "core_momentum": -0.253568,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.638743
      },
      {
        "date": "2026-02-20",
        "close": 19.65,
        "direction_boundary": 26.3,
        "core_momentum": -0.252852,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.610949
      },
      {
        "date": "2026-02-27",
        "close": 19.175,
        "direction_boundary": 22.14,
        "core_momentum": -0.133921,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.601122
      },
      {
        "date": "2026-03-06",
        "close": 19.72,
        "direction_boundary": 21.54,
        "core_momentum": -0.084494,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.605423
      },
      {
        "date": "2026-03-13",
        "close": 20.96,
        "direction_boundary": 19.325,
        "core_momentum": 0.084605,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.600695
      },
      {
        "date": "2026-03-20",
        "close": 21.25,
        "direction_boundary": 19.71,
        "core_momentum": 0.078133,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.603041
      },
      {
        "date": "2026-03-27",
        "close": 19.84,
        "direction_boundary": 18.7,
        "core_momentum": 0.060963,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.597776
      },
      {
        "date": "2026-04-03",
        "close": 20.58,
        "direction_boundary": 18.07,
        "core_momentum": 0.138904,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.568951
      },
      {
        "date": "2026-04-10",
        "close": 22.47,
        "direction_boundary": 15.66,
        "core_momentum": 0.434866,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.574528
      },
      {
        "date": "2026-04-17",
        "close": 24.23,
        "direction_boundary": 15.81,
        "core_momentum": 0.532574,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.589219
      },
      {
        "date": "2026-04-24",
        "close": 23.14,
        "direction_boundary": 18.04,
        "core_momentum": 0.282705,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.587066
      },
      {
        "date": "2026-05-01",
        "close": 22.98,
        "direction_boundary": 18.39,
        "core_momentum": 0.249592,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.58723
      },
      {
        "date": "2026-05-08",
        "close": 23.08,
        "direction_boundary": 23.33,
        "core_momentum": -0.010716,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.571814
      },
      {
        "date": "2026-05-15",
        "close": 22.13,
        "direction_boundary": 25.93,
        "core_momentum": -0.146548,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.560319
      },
      {
        "date": "2026-05-22",
        "close": 20.55,
        "direction_boundary": 25.59,
        "core_momentum": -0.196952,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.539372
      },
      {
        "date": "2026-05-29",
        "close": 20.07,
        "direction_boundary": 25.73,
        "core_momentum": -0.219977,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.513439
      },
      {
        "date": "2026-06-05",
        "close": 15.695,
        "direction_boundary": 24.83,
        "core_momentum": -0.367902,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.603928
      },
      {
        "date": "2026-06-12",
        "close": 16.58,
        "direction_boundary": 25.26,
        "core_momentum": -0.343626,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.611118
      },
      {
        "date": "2026-06-19",
        "close": 16.99,
        "direction_boundary": 24.11,
        "core_momentum": -0.295313,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.614681
      },
      {
        "date": "2026-06-26",
        "close": 15.68,
        "direction_boundary": 24.13,
        "core_momentum": -0.350186,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.620015
      },
      {
        "date": "2026-07-03",
        "close": 16.94,
        "direction_boundary": 25.74,
        "core_momentum": -0.34188,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.624516
      },
      {
        "date": "2026-07-10",
        "close": 17.86,
        "direction_boundary": 30.12,
        "core_momentum": -0.407039,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.633387
      },
      {
        "date": "2026-07-17",
        "close": 18.36,
        "direction_boundary": 35.56,
        "core_momentum": -0.48369,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.623906
      },
      {
        "date": "2026-07-24",
        "close": 18.55,
        "direction_boundary": 36.42,
        "core_momentum": -0.490664,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.610745
      },
      {
        "date": "2026-07-31",
        "close": 18.58,
        "direction_boundary": 34.97,
        "core_momentum": -0.468687,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.601096
      },
      {
        "date": "2026-08-07",
        "close": 19.1,
        "direction_boundary": 40.61,
        "core_momentum": -0.529672,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.483506
      }
    ],
    "price_history": [
      {
        "date": "2024-07-26",
        "close": 32.79,
        "volume": 12243061
      },
      {
        "date": "2024-08-02",
        "close": 30.12,
        "volume": 4829550
      },
      {
        "date": "2024-08-09",
        "close": 25.94,
        "volume": 7390462
      },
      {
        "date": "2024-08-16",
        "close": 26.23,
        "volume": 2827047
      },
      {
        "date": "2024-08-23",
        "close": 27.52,
        "volume": 2678836
      },
      {
        "date": "2024-08-30",
        "close": 25.06,
        "volume": 2330668
      },
      {
        "date": "2024-09-06",
        "close": 22.22,
        "volume": 2175207
      },
      {
        "date": "2024-09-13",
        "close": 24.24,
        "volume": 2131234
      },
      {
        "date": "2024-09-20",
        "close": 25.44,
        "volume": 3657904
      },
      {
        "date": "2024-09-27",
        "close": 27.03,
        "volume": 2797618
      },
      {
        "date": "2024-10-04",
        "close": 24.32,
        "volume": 1857806
      },
      {
        "date": "2024-10-11",
        "close": 24.61,
        "volume": 1599730
      },
      {
        "date": "2024-10-18",
        "close": 26.53,
        "volume": 3496003
      },
      {
        "date": "2024-10-25",
        "close": 24.73,
        "volume": 2025436
      },
      {
        "date": "2024-11-01",
        "close": 25.14,
        "volume": 2630561
      },
      {
        "date": "2024-11-08",
        "close": 29.49,
        "volume": 6190942
      },
      {
        "date": "2024-11-15",
        "close": 30.9,
        "volume": 7245177
      },
      {
        "date": "2024-11-22",
        "close": 32.92,
        "volume": 5358483
      },
      {
        "date": "2024-11-29",
        "close": 35.88,
        "volume": 6662150
      },
      {
        "date": "2024-12-06",
        "close": 40.64,
        "volume": 12027881
      },
      {
        "date": "2024-12-13",
        "close": 39.26,
        "volume": 10344040
      },
      {
        "date": "2024-12-20",
        "close": 34.43,
        "volume": 11186508
      },
      {
        "date": "2024-12-27",
        "close": 33.36,
        "volume": 5538292
      },
      {
        "date": "2025-01-03",
        "close": 36.05,
        "volume": 5916399
      },
      {
        "date": "2025-01-10",
        "close": 32.59,
        "volume": 4808711
      },
      {
        "date": "2025-01-17",
        "close": 35.215,
        "volume": 6852601
      },
      {
        "date": "2025-01-24",
        "close": 33.33,
        "volume": 5984433
      },
      {
        "date": "2025-01-31",
        "close": 33.18,
        "volume": 6971811
      },
      {
        "date": "2025-02-07",
        "close": 25.85,
        "volume": 10952088
      },
      {
        "date": "2025-02-14",
        "close": 27.33,
        "volume": 4845188
      },
      {
        "date": "2025-02-21",
        "close": 26.3,
        "volume": 5566020
      },
      {
        "date": "2025-02-28",
        "close": 22.14,
        "volume": 11236428
      },
      {
        "date": "2025-03-07",
        "close": 21.54,
        "volume": 9362236
      },
      {
        "date": "2025-03-14",
        "close": 19.325,
        "volume": 9532719
      },
      {
        "date": "2025-03-21",
        "close": 19.71,
        "volume": 4937101
      },
      {
        "date": "2025-03-28",
        "close": 18.7,
        "volume": 4669987
      },
      {
        "date": "2025-04-04",
        "close": 18.07,
        "volume": 5559787
      },
      {
        "date": "2025-04-11",
        "close": 15.66,
        "volume": 15651362
      },
      {
        "date": "2025-04-18",
        "close": 15.81,
        "volume": 7214530
      },
      {
        "date": "2025-04-25",
        "close": 18.04,
        "volume": 9694583
      },
      {
        "date": "2025-05-02",
        "close": 18.39,
        "volume": 4477169
      },
      {
        "date": "2025-05-09",
        "close": 23.33,
        "volume": 6422390
      },
      {
        "date": "2025-05-16",
        "close": 25.93,
        "volume": 7028127
      },
      {
        "date": "2025-05-23",
        "close": 25.59,
        "volume": 6074667
      },
      {
        "date": "2025-05-30",
        "close": 25.73,
        "volume": 7445607
      },
      {
        "date": "2025-06-06",
        "close": 24.83,
        "volume": 6489978
      },
      {
        "date": "2025-06-13",
        "close": 25.26,
        "volume": 8022497
      },
      {
        "date": "2025-06-20",
        "close": 24.11,
        "volume": 5932327
      },
      {
        "date": "2025-06-27",
        "close": 24.13,
        "volume": 5422363
      },
      {
        "date": "2025-07-04",
        "close": 25.74,
        "volume": 4641417
      },
      {
        "date": "2025-07-11",
        "close": 30.12,
        "volume": 10321281
      },
      {
        "date": "2025-07-18",
        "close": 35.56,
        "volume": 21378483
      },
      {
        "date": "2025-07-25",
        "close": 36.42,
        "volume": 17062855
      },
      {
        "date": "2025-08-01",
        "close": 34.97,
        "volume": 10737032
      },
      {
        "date": "2025-08-08",
        "close": 40.61,
        "volume": 14034336
      },
      {
        "date": "2025-08-15",
        "close": 43.8,
        "volume": 29140633
      },
      {
        "date": "2025-08-22",
        "close": 48.4,
        "volume": 21563738
      },
      {
        "date": "2025-08-29",
        "close": 43.33,
        "volume": 15615361
      },
      {
        "date": "2025-09-05",
        "close": 43.27,
        "volume": 10236052
      },
      {
        "date": "2025-09-12",
        "close": 46.66,
        "volume": 11600627
      },
      {
        "date": "2025-09-19",
        "close": 44.34,
        "volume": 11281466
      },
      {
        "date": "2025-09-26",
        "close": 40.23,
        "volume": 15833097
      },
      {
        "date": "2025-10-03",
        "close": 45.2,
        "volume": 16576450
      },
      {
        "date": "2025-10-10",
        "close": 39.88,
        "volume": 29119889
      },
      {
        "date": "2025-10-17",
        "close": 38.22,
        "volume": 30022230
      },
      {
        "date": "2025-10-24",
        "close": 39.22,
        "volume": 24204976
      },
      {
        "date": "2025-10-31",
        "close": 38.78,
        "volume": 16805559
      },
      {
        "date": "2025-11-07",
        "close": 34.57,
        "volume": 23251694
      },
      {
        "date": "2025-11-14",
        "close": 31.29,
        "volume": 27753713
      },
      {
        "date": "2025-11-21",
        "close": 27.31,
        "volume": 42811329
      },
      {
        "date": "2025-11-28",
        "close": 30.3,
        "volume": 13440293
      },
      {
        "date": "2025-12-05",
        "close": 30.16,
        "volume": 22267138
      },
      {
        "date": "2025-12-12",
        "close": 30.75,
        "volume": 25269233
      },
      {
        "date": "2025-12-19",
        "close": 29.87,
        "volume": 25169182
      },
      {
        "date": "2025-12-26",
        "close": 29.24,
        "volume": 10843164
      },
      {
        "date": "2026-01-02",
        "close": 31.12,
        "volume": 14189076
      },
      {
        "date": "2026-01-09",
        "close": 30.63,
        "volume": 21206532
      },
      {
        "date": "2026-01-16",
        "close": 32.85,
        "volume": 20703139
      },
      {
        "date": "2026-01-23",
        "close": 29.28,
        "volume": 19157300
      },
      {
        "date": "2026-01-30",
        "close": 26.65,
        "volume": 25062481
      },
      {
        "date": "2026-02-06",
        "close": 20.48,
        "volume": 45558991
      },
      {
        "date": "2026-02-13",
        "close": 20.4,
        "volume": 25155495
      },
      {
        "date": "2026-02-20",
        "close": 19.65,
        "volume": 22770080
      },
      {
        "date": "2026-02-27",
        "close": 19.175,
        "volume": 22153448
      },
      {
        "date": "2026-03-06",
        "close": 19.72,
        "volume": 55955175
      },
      {
        "date": "2026-03-13",
        "close": 20.96,
        "volume": 24775667
      },
      {
        "date": "2026-03-20",
        "close": 21.25,
        "volume": 23801476
      },
      {
        "date": "2026-03-27",
        "close": 19.84,
        "volume": 19140232
      },
      {
        "date": "2026-04-03",
        "close": 20.58,
        "volume": 12999286
      },
      {
        "date": "2026-04-10",
        "close": 22.47,
        "volume": 14644902
      },
      {
        "date": "2026-04-17",
        "close": 24.23,
        "volume": 13339320
      },
      {
        "date": "2026-04-24",
        "close": 23.14,
        "volume": 11087583
      },
      {
        "date": "2026-05-01",
        "close": 22.98,
        "volume": 7036244
      },
      {
        "date": "2026-05-08",
        "close": 23.08,
        "volume": 8075062
      },
      {
        "date": "2026-05-15",
        "close": 22.13,
        "volume": 7611994
      },
      {
        "date": "2026-05-22",
        "close": 20.55,
        "volume": 8445170
      },
      {
        "date": "2026-05-29",
        "close": 20.07,
        "volume": 7521453
      },
      {
        "date": "2026-06-05",
        "close": 15.695,
        "volume": 17285359
      },
      {
        "date": "2026-06-12",
        "close": 16.58,
        "volume": 12486312
      },
      {
        "date": "2026-06-19",
        "close": 16.99,
        "volume": 6668302
      },
      {
        "date": "2026-06-26",
        "close": 15.68,
        "volume": 9556037
      },
      {
        "date": "2026-07-03",
        "close": 16.94,
        "volume": 7870638
      },
      {
        "date": "2026-07-10",
        "close": 17.86,
        "volume": 7172438
      },
      {
        "date": "2026-07-17",
        "close": 18.36,
        "volume": 9346937
      },
      {
        "date": "2026-07-24",
        "close": 18.55,
        "volume": 6769939
      },
      {
        "date": "2026-07-31",
        "close": 18.58,
        "volume": 9009202
      },
      {
        "date": "2026-08-07",
        "close": 19.1,
        "volume": 5844049
      }
    ],
    "sharemaestro_context": {
      "trend": 20.794,
      "fair_value": 27.558411,
      "market_activity": -18.528687,
      "market_dynamics": -0.12562,
      "relative_strength": -39.415703
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.061468,
        "directional_follow_through": 0.25,
        "regime_survival": 0.75,
        "conditional_difference": 0.078725,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.126953,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.374805,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": -0.067383,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.369177,
        "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": "2025-07-25",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": -0.140857
      },
      {
        "direction": "negative",
        "start": "2025-11-21",
        "end": "2026-03-06",
        "tenure": "Established",
        "return": -0.27792
      },
      {
        "direction": "positive",
        "start": "2026-03-13",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.096374
      },
      {
        "direction": "negative",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.172444
      }
    ]
  }
}