{
  "schema_id": "strategy-research/v1",
  "schema_version": 2.0,
  "id": "us-erc-daily",
  "name": "US Equal Risk Contribution - Daily",
  "source": "other",
  "source_label": "Other",
  "strategy_type": "tactical",
  "category": "unknown",
  "holding_type": "multi",
  "verify_status": "pending",
  "replication_corr": null,
  "n_months": 213.0,
  "start": "2008-11",
  "end": "2026-07",
  "performance": {
    "status": "ok",
    "engine": "local_monthly",
    "observations": 213.0,
    "start": "2008-11-30",
    "end": "2026-07-31",
    "total_return": 1.9237091343296728,
    "cagr": 0.06230643458951701,
    "sharpe": 0.8539187323299325,
    "sortino": 1.2164796775950322,
    "volatility": 0.07415958162997112,
    "max_drawdown": -0.1971106955454156
  },
  "diversification": {
    "corr_spy": 0.6290433787233524,
    "corr_catalog": 0.7381811125084049,
    "mix_weight": 0.1,
    "mix_sharpe": 1.273816672892518,
    "catalog_ex_sharpe": 1.2853261524271085,
    "mix_sharpe_delta": -0.011509479534590472
  },
  "edge": {
    "status": "ok",
    "n": 213.0,
    "mean_monthly": 0.005277187994631925,
    "t_vs_zero": 3.597623566366452,
    "p_vs_zero": 0.0003996702908501845,
    "significant_vs_zero": true,
    "wilcoxon_vs_zero_p": 1.1788926156177782e-05,
    "wilcoxon_vs_zero_stat": 15203.0,
    "n_vs_spy": 213.0,
    "mean_excess_vs_spy": -0.006775446909437888,
    "t_vs_spy": -2.9000426649561746,
    "p_vs_spy": 0.0041241127208021065,
    "significant_vs_spy": false,
    "wilcoxon_vs_spy_p": 0.999901032984241
  },
  "bootstrap_short": {
    "status": "ok",
    "horizon_months": 6.0,
    "n_paths": 400.0,
    "n_starts": 207.0,
    "p_beat_spy": 0.26,
    "median_excess": -0.04068698521626524,
    "p10_terminal": 0.9772157250795348,
    "p50_terminal": 1.0367224097755778,
    "p90_terminal": 1.0824257655146294,
    "labels": [
      "1",
      "2",
      "3",
      "4",
      "5",
      "6"
    ],
    "strategy_bands": {
      "p10": [
        0.9779161873670794,
        0.9752335296925166,
        0.9718440368623588,
        0.9736870092092461,
        0.9783474517909497,
        0.9772157250795348
      ],
      "p25": [
        0.9966518294968044,
        0.995279147613771,
        1.001633430795876,
        1.0058124999154,
        1.0090900969785568,
        1.0081957344550017
      ],
      "p50": [
        1.0067856320042763,
        1.0135613998437594,
        1.017888719810043,
        1.023711098165676,
        1.0303399414451822,
        1.0367224097755778
      ],
      "p75": [
        1.0178503005395203,
        1.026605900304843,
        1.0358958827251725,
        1.0442824214667288,
        1.0504694888087172,
        1.0617127096010472
      ],
      "p90": [
        1.0274438180410717,
        1.0412739101677881,
        1.0521857981575693,
        1.060627598957821,
        1.0719805245168659,
        1.0824257655146294
      ]
    },
    "spy_bands": {
      "p10": [
        0.952565668320023,
        0.9465221523004688,
        0.9538010137144716,
        0.9488242280040966,
        0.958231591107263,
        0.9698696402421219
      ],
      "p25": [
        0.9866556780603627,
        1.0059684076606892,
        1.0057347354745423,
        1.0171955947150455,
        1.0160830681562947,
        1.025217587264493
      ],
      "p50": [
        1.0159749979380335,
        1.029085417442877,
        1.039517151664836,
        1.0520822999573758,
        1.0666472821888378,
        1.0807283623330233
      ],
      "p75": [
        1.036198268915402,
        1.0574702612483713,
        1.0714106940200672,
        1.0894875722582407,
        1.1079629900331014,
        1.1337143469963706
      ],
      "p90": [
        1.0628489863249262,
        1.082271996878691,
        1.1116161799109054,
        1.133298595037494,
        1.1547299805691689,
        1.1840618518631745
      ]
    },
    "cdf": {
      "x": [
        -0.25883242556145736,
        -0.19287019675451644,
        -0.16185150150933333,
        -0.14619367218548818,
        -0.14022049644405388,
        -0.1345678350731787,
        -0.12118230099357064,
        -0.11600576288676348,
        -0.1067869868245614,
        -0.10240376569456755,
        -0.09617954433945908,
        -0.09316785736568978,
        -0.08771451392033303,
        -0.08306720288581632,
        -0.07756579815050801,
        -0.06613340246278385,
        -0.06065642812215821,
        -0.05674609673725062,
        -0.04879169547910733,
        -0.04435119698210599,
        -0.04068698521626524,
        -0.037988386392069806,
        -0.03383183779695258,
        -0.02855387253755337,
        -0.02526642518088562,
        -0.023390814958834938,
        -0.019558931817704295,
        -0.017188860680924067,
        -0.0128954593020885,
        -0.005524567636705613,
        0.002634858519332983,
        0.010571841609926327,
        0.01563904671767824,
        0.023167238064915767,
        0.03714130241732872,
        0.04721048848471421,
        0.05243452523842662,
        0.05669244609583768,
        0.07604628141851177,
        0.12845969623678866,
        0.15200430288660927
      ],
      "y": [
        0.0,
        0.025,
        0.05,
        0.07500000000000001,
        0.1,
        0.125,
        0.15000000000000002,
        0.17500000000000002,
        0.2,
        0.225,
        0.25,
        0.275,
        0.30000000000000004,
        0.325,
        0.35000000000000003,
        0.375,
        0.4,
        0.42500000000000004,
        0.45,
        0.47500000000000003,
        0.5,
        0.525,
        0.55,
        0.5750000000000001,
        0.6000000000000001,
        0.625,
        0.65,
        0.675,
        0.7000000000000001,
        0.7250000000000001,
        0.75,
        0.775,
        0.8,
        0.8250000000000001,
        0.8500000000000001,
        0.875,
        0.9,
        0.925,
        0.9500000000000001,
        0.9750000000000001,
        1.0
      ]
    }
  },
  "bootstrap_long": {
    "status": "ok",
    "horizon_months": 24.0,
    "n_paths": 400.0,
    "n_starts": 189.0,
    "p_beat_spy": 0.1275,
    "median_excess": -0.20787618611911318,
    "p10_terminal": 0.9391186545647273,
    "p50_terminal": 1.129867642729221,
    "p90_terminal": 1.2368978097646732,
    "labels": [
      "1",
      "2",
      "3",
      "4",
      "5",
      "6",
      "7",
      "8",
      "9",
      "10",
      "11",
      "12",
      "13",
      "14",
      "15",
      "16",
      "17",
      "18",
      "19",
      "20",
      "21",
      "22",
      "23",
      "24"
    ],
    "strategy_bands": {
      "p10": [
        0.9779158674853566,
        0.9775695892948205,
        0.9698212348854048,
        0.9670024373739052,
        0.9600995388517521,
        0.9689255122323369,
        0.9772708743064761,
        0.9654197402473254,
        0.9805935221009858,
        0.9809791288993442,
        0.9794186736922569,
        0.9875227921077322,
        0.9821562672023326,
        0.9821285373055045,
        0.9520739963026026,
        0.9389778107144543,
        0.9308896980697408,
        0.9167785434590192,
        0.9138089219480791,
        0.9308135152962697,
        0.9461954904412098,
        0.9496476338028688,
        0.95549744316072,
        0.9391186545647273
      ],
      "p25": [
        0.9954303235750999,
        0.9957957086912413,
        0.9993977043519154,
        1.0000914562170573,
        1.002929665544797,
        1.0070136720903937,
        0.9997961171605299,
        1.0019034406237564,
        1.0025749863276578,
        1.0082102127052726,
        1.017408654416464,
        1.016209523640378,
        1.0219231053457936,
        1.0296334124726425,
        1.031273510774252,
        1.0394643319145511,
        1.0424377078896427,
        1.050219625501976,
        1.056671452479492,
        1.0606113720585433,
        1.0728175761116883,
        1.0725964095910112,
        1.0601028653201245,
        1.0680158284812624
      ],
      "p50": [
        1.0062064613748056,
        1.0135643563201118,
        1.0179417951007297,
        1.0212468495967462,
        1.0316844980396374,
        1.0375466972116587,
        1.0430455725723276,
        1.0464145707575732,
        1.049519615878471,
        1.054511844709018,
        1.0544169849486213,
        1.0602412271267354,
        1.0667568787115633,
        1.0660036632568224,
        1.0657350342182914,
        1.071859164718402,
        1.0825188522000502,
        1.0909024017526567,
        1.096967047020163,
        1.1039334378858776,
        1.1091807112753034,
        1.1188618775902102,
        1.1170364019898371,
        1.129867642729221
      ],
      "p75": [
        1.0178415804878456,
        1.0274163387475597,
        1.0368645814182815,
        1.044965231692663,
        1.0494399655092088,
        1.0571069433131797,
        1.064854425221971,
        1.0700384290749283,
        1.0778910977212228,
        1.0828678329234536,
        1.0925134717846268,
        1.0943105595247675,
        1.1117040059608236,
        1.1203604282524005,
        1.132652856010658,
        1.1329083115433018,
        1.1414189517937836,
        1.157539256345203,
        1.1565551082557368,
        1.1580013803747695,
        1.1728634374035884,
        1.164288631230121,
        1.1687019522880788,
        1.1823928336705771
      ],
      "p90": [
        1.0278353584374,
        1.040000684309027,
        1.0461739186858967,
        1.066617820101087,
        1.0719805245168659,
        1.0823959621213188,
        1.0894280237832288,
        1.0985604455525666,
        1.1123328991862105,
        1.1205109342513853,
        1.125655630672044,
        1.1360941057207385,
        1.1407058970072648,
        1.1474892530152259,
        1.1565321231107473,
        1.1691619088438034,
        1.1747208203318409,
        1.184078482683997,
        1.19470617409898,
        1.1962581097460252,
        1.2140822962369535,
        1.2239698209011896,
        1.2228576654008638,
        1.2368978097646732
      ]
    },
    "spy_bands": {
      "p10": [
        0.9470353898158153,
        0.9315847526273435,
        0.9419903858724459,
        0.9467495808306982,
        0.9510165236168981,
        0.9376702666224188,
        0.9664254824064425,
        0.9686069106116524,
        0.9612210643155268,
        0.9697509076334629,
        0.995550362676808,
        0.992286688480227,
        0.9783514168304098,
        1.0041352444054765,
        1.0117229815487874,
        1.029404664161054,
        1.0178043867077635,
        1.0300702963226285,
        1.0205294717725246,
        1.0351160128013244,
        1.0740266573249484,
        1.087870760705807,
        1.1111520579672727,
        1.1150145277644636
      ],
      "p25": [
        0.9866556780603627,
        0.9910664127283727,
        1.0018761293367389,
        1.0112768440553934,
        1.0161495656667152,
        1.0286884435421337,
        1.0275913917185697,
        1.0400932284988036,
        1.0544372010975276,
        1.0587684160493955,
        1.0644721002029027,
        1.073431769776066,
        1.0857633293492082,
        1.0967521892356409,
        1.1054127646285061,
        1.1190196049260959,
        1.092887969687588,
        1.1065273273839829,
        1.1277969502588057,
        1.1125064332199264,
        1.1307921699002428,
        1.1452066302088226,
        1.1733378352288175,
        1.188307566407225
      ],
      "p50": [
        1.017011314055002,
        1.0291132110825794,
        1.04415575740414,
        1.0519879022230134,
        1.0737220437928037,
        1.0804017565271464,
        1.100816351794697,
        1.1116365087043731,
        1.1157157728662428,
        1.137617551796346,
        1.1473280299860456,
        1.1597821454017931,
        1.1823536158054535,
        1.1962146192645327,
        1.201533100272394,
        1.2168996975148605,
        1.235720658100745,
        1.254566945961368,
        1.268433032324137,
        1.2561299290598047,
        1.2767136655565179,
        1.294886013291071,
        1.2857553871158007,
        1.299402017010799
      ],
      "p75": [
        1.0362664588058657,
        1.056332507159853,
        1.0765115933500418,
        1.0892258253322957,
        1.1081644085062652,
        1.1316168209072035,
        1.1368383534381692,
        1.1557220962664563,
        1.1778280408280686,
        1.1820796096003656,
        1.2065410850246059,
        1.218270100581353,
        1.2428634788404695,
        1.2566124748276175,
        1.2726117095027332,
        1.3047337064570756,
        1.3131877369683216,
        1.3296916718089713,
        1.3447180694722123,
        1.3730157403840875,
        1.3956475229830445,
        1.4101173687366526,
        1.4264809417477962,
        1.4491684421891382
      ],
      "p90": [
        1.056204417082795,
        1.0770007914315736,
        1.107939372017953,
        1.1297689320822732,
        1.1529704718473015,
        1.179371399549717,
        1.1962435839169057,
        1.2092013156889547,
        1.2404696003860871,
        1.2525202059352953,
        1.274058555772772,
        1.3011638468645828,
        1.2862906064653572,
        1.3117083078138443,
        1.3456106931896135,
        1.3549647650475851,
        1.378548356267594,
        1.3987950769879982,
        1.4227484008589946,
        1.446231454395162,
        1.4686084456728914,
        1.4845620449109198,
        1.505031844388072,
        1.521341994003317
      ]
    },
    "cdf": {
      "x": [
        -0.7036269654273426,
        -0.4289816977932718,
        -0.4070788903553973,
        -0.3904962975938575,
        -0.3784021028396134,
        -0.3755724962134044,
        -0.368949325989143,
        -0.3594142595408776,
        -0.34349277864959893,
        -0.33289383516636084,
        -0.3180215896963895,
        -0.3012683349293622,
        -0.29078163649389155,
        -0.2772553574653829,
        -0.2707276503146758,
        -0.25538140404494525,
        -0.24271804087655957,
        -0.2315917564338737,
        -0.2256356317283211,
        -0.2195013831162953,
        -0.20787618611911318,
        -0.20537259619526238,
        -0.18934341712204794,
        -0.17162500569984696,
        -0.15901720684169462,
        -0.1424061697892746,
        -0.13255993789439935,
        -0.12355757872476747,
        -0.11076867965779824,
        -0.10606754951698749,
        -0.0940426703377894,
        -0.07811984646647052,
        -0.058475072486136204,
        -0.028158479418999856,
        -0.019287628609682517,
        0.0017636758258596785,
        0.005376305529295244,
        0.025516284897193903,
        0.029971155966488923,
        0.06397579296912319,
        0.12770000303085483
      ],
      "y": [
        0.0,
        0.025,
        0.05,
        0.07500000000000001,
        0.1,
        0.125,
        0.15000000000000002,
        0.17500000000000002,
        0.2,
        0.225,
        0.25,
        0.275,
        0.30000000000000004,
        0.325,
        0.35000000000000003,
        0.375,
        0.4,
        0.42500000000000004,
        0.45,
        0.47500000000000003,
        0.5,
        0.525,
        0.55,
        0.5750000000000001,
        0.6000000000000001,
        0.625,
        0.65,
        0.675,
        0.7000000000000001,
        0.7250000000000001,
        0.75,
        0.775,
        0.8,
        0.8250000000000001,
        0.8500000000000001,
        0.875,
        0.9,
        0.925,
        0.9500000000000001,
        0.9750000000000001,
        1.0
      ]
    }
  },
  "alpha_decay": {
    "status": "ok",
    "window_months": 12.0,
    "n_windows": 201.0,
    "frac_positive_significant": 0.03482587064676617,
    "frac_negative_significant": 0.5522388059701493,
    "last_slope": -0.008233805399271137,
    "last_pvalue": 0.0034535941232162726,
    "end_relative_wealth": 0.27720761071141614,
    "charts": {
      "relative_wealth": {
        "labels": [
          "2008-11",
          "2008-12",
          "2009-01",
          "2009-02",
          "2009-03",
          "2009-04",
          "2009-05",
          "2009-06",
          "2009-07",
          "2009-08",
          "2009-09",
          "2009-10",
          "2009-11",
          "2009-12",
          "2010-01",
          "2010-02",
          "2010-03",
          "2010-04",
          "2010-05",
          "2010-06",
          "2010-07",
          "2010-08",
          "2010-09",
          "2010-10",
          "2010-11",
          "2010-12",
          "2011-01",
          "2011-02",
          "2011-03",
          "2011-04",
          "2011-05",
          "2011-06",
          "2011-07",
          "2011-08",
          "2011-09",
          "2011-10",
          "2011-11",
          "2011-12",
          "2012-01",
          "2012-02",
          "2012-03",
          "2012-04",
          "2012-05",
          "2012-06",
          "2012-07",
          "2012-08",
          "2012-09",
          "2012-10",
          "2012-11",
          "2012-12",
          "2013-01",
          "2013-02",
          "2013-03",
          "2013-04",
          "2013-05",
          "2013-06",
          "2013-07",
          "2013-08",
          "2013-09",
          "2013-10",
          "2013-11",
          "2013-12",
          "2014-01",
          "2014-02",
          "2014-03",
          "2014-04",
          "2014-05",
          "2014-06",
          "2014-07",
          "2014-08",
          "2014-09",
          "2014-10",
          "2014-11",
          "2014-12",
          "2015-01",
          "2015-02",
          "2015-03",
          "2015-04",
          "2015-05",
          "2015-06",
          "2015-07",
          "2015-08",
          "2015-09",
          "2015-10",
          "2015-11",
          "2015-12",
          "2016-01",
          "2016-02",
          "2016-03",
          "2016-04",
          "2016-05",
          "2016-06",
          "2016-07",
          "2016-08",
          "2016-09",
          "2016-10",
          "2016-11",
          "2016-12",
          "2017-01",
          "2017-02",
          "2017-03",
          "2017-04",
          "2017-05",
          "2017-06",
          "2017-07",
          "2017-08",
          "2017-09",
          "2017-10",
          "2017-11",
          "2017-12",
          "2018-01",
          "2018-02",
          "2018-03",
          "2018-04",
          "2018-05",
          "2018-06",
          "2018-07",
          "2018-08",
          "2018-09",
          "2018-10",
          "2018-11",
          "2018-12",
          "2019-01",
          "2019-02",
          "2019-03",
          "2019-04",
          "2019-05",
          "2019-06",
          "2019-07",
          "2019-08",
          "2019-09",
          "2019-10",
          "2019-11",
          "2019-12",
          "2020-01",
          "2020-02",
          "2020-03",
          "2020-04",
          "2020-05",
          "2020-06",
          "2020-07",
          "2020-08",
          "2020-09",
          "2020-10",
          "2020-11",
          "2020-12",
          "2021-01",
          "2021-02",
          "2021-03",
          "2021-04",
          "2021-05",
          "2021-06",
          "2021-07",
          "2021-08",
          "2021-09",
          "2021-10",
          "2021-11",
          "2021-12",
          "2022-01",
          "2022-02",
          "2022-03",
          "2022-04",
          "2022-05",
          "2022-06",
          "2022-07",
          "2022-08",
          "2022-09",
          "2022-10",
          "2022-11",
          "2022-12",
          "2023-01",
          "2023-02",
          "2023-03",
          "2023-04",
          "2023-05",
          "2023-06",
          "2023-07",
          "2023-08",
          "2023-09",
          "2023-10",
          "2023-11",
          "2023-12",
          "2024-01",
          "2024-02",
          "2024-03",
          "2024-04",
          "2024-05",
          "2024-06",
          "2024-07",
          "2024-08",
          "2024-09",
          "2024-10",
          "2024-11",
          "2024-12",
          "2025-01",
          "2025-02",
          "2025-03",
          "2025-04",
          "2025-05",
          "2025-06",
          "2025-07",
          "2025-08",
          "2025-09",
          "2025-10",
          "2025-11",
          "2025-12",
          "2026-01",
          "2026-02",
          "2026-03",
          "2026-04",
          "2026-05",
          "2026-06",
          "2026-07"
        ],
        "values": [
          1.0945060423170443,
          1.1762899831444227,
          1.2201222225526653,
          1.3007909594695457,
          1.2443225383543461,
          1.165823558785041,
          1.109487699124197,
          1.1147172695061922,
          1.0750919929007805,
          1.0609360737428213,
          1.0460807638208396,
          1.0587086692700325,
          1.0264267005452832,
          0.9870466120809094,
          1.0306282469822075,
          1.011152998509928,
          0.9647831872196669,
          0.9705234622194299,
          1.04971627179756,
          1.1226253312737704,
          1.079690704643653,
          1.1507231922961754,
          1.0741453650870565,
          1.0427571500919985,
          1.0319001053101373,
          0.961088356907471,
          0.9446666722322306,
          0.9228308630941096,
          0.9196999650125954,
          0.9160368472325194,
          0.9406469655079854,
          0.9479057347104045,
          0.9875768644760267,
          1.0585285647527765,
          1.1311543799198518,
          1.0479524706234984,
          1.038268225129865,
          1.0554763356034897,
          1.0320689257840874,
          0.9970860358614466,
          0.9627805822945089,
          0.984016433758163,
          1.0469782860523937,
          1.019561564362391,
          1.0309533731161984,
          1.0085741187181023,
          0.9886594291507962,
          1.0080651132067944,
          1.0032715448630305,
          0.994811299094179,
          0.9467985829080691,
          0.9456378185531783,
          0.9189957692562497,
          0.92330706586205,
          0.8771722954699332,
          0.8659206215145404,
          0.8328404649878984,
          0.8403296183083059,
          0.8290829139540483,
          0.8097338377963101,
          0.7821497452717137,
          0.760479388539353,
          0.8023974813567593,
          0.781182050361652,
          0.7745857633663871,
          0.7790445181554706,
          0.775400121032885,
          0.7623529338733781,
          0.7698543334561108,
          0.7581842196754287,
          0.7537893854771428,
          0.7557651445229839,
          0.7463380300389156,
          0.7503191781366636,
          0.7987748152325712,
          0.7487244736023931,
          0.763435450757857,
          0.7461365765030991,
          0.7338734631865386,
          0.7325440336681304,
          0.7307499085349757,
          0.7610877040766177,
          0.78891481889838,
          0.74238104132529,
          0.7381131603610278,
          0.7469906825031375,
          0.7854719083056041,
          0.7929497140111501,
          0.7705336932504461,
          0.7695929137499442,
          0.7594021312083147,
          0.7809592783713456,
          0.7661008205023815,
          0.759369359634485,
          0.7573314104842798,
          0.7545563203650851,
          0.7106229179731945,
          0.7048271028860672,
          0.6950351191899091,
          0.6806961106408335,
          0.6773299572767351,
          0.6775078852947549,
          0.6741894391045082,
          0.6725370028136538,
          0.6648686081175623,
          0.6680918088394607,
          0.6534215789887047,
          0.6398318654120608,
          0.6249859115488774,
          0.6217616316024229,
          0.5833095202828297,
          0.5891723834113991,
          0.6101238519963067,
          0.6017677331465031,
          0.5954292660758213,
          0.5948640510871557,
          0.5787622532141808,
          0.5671738869318428,
          0.5597648775717452,
          0.5880392702318032,
          0.5840813809284753,
          0.6376068159779434,
          0.6135378039109126,
          0.595693039868899,
          0.6017484866913737,
          0.581011893798524,
          0.6261575370649689,
          0.6017155311229124,
          0.5958185146082521,
          0.625273331055856,
          0.6118110367390578,
          0.6026415011356608,
          0.5829487669103685,
          0.56843940950111,
          0.5820603282969998,
          0.6295254464302037,
          0.6865926767914017,
          0.6352851841425258,
          0.6166251910427166,
          0.6130993291354604,
          0.5929727646135265,
          0.5540000308921381,
          0.5716275745836252,
          0.5778969866356267,
          0.5395795382030794,
          0.5238080945324182,
          0.523146368918794,
          0.5033609715557219,
          0.479167080325552,
          0.46543161091141666,
          0.46498157693989883,
          0.4624262616378871,
          0.46120085417737,
          0.44931385073638186,
          0.45996489509358524,
          0.43652882301906476,
          0.4408753179350857,
          0.42723074505221353,
          0.4346707901326292,
          0.441272453629491,
          0.4187617884982687,
          0.4338583204792923,
          0.43446055918777793,
          0.4574996297306343,
          0.43945884317823747,
          0.4385282824123576,
          0.4509087351480012,
          0.41989175810083595,
          0.4180018827946046,
          0.43235123275038073,
          0.4281580195088297,
          0.4228352319935474,
          0.42051347510524995,
          0.4173595996980268,
          0.40892827678145294,
          0.3901626850651382,
          0.38005103000415047,
          0.380866275088166,
          0.38326333382141264,
          0.38255131598801656,
          0.37656564829766664,
          0.3785676412784726,
          0.37038249263215356,
          0.3514779008888088,
          0.34590599797375327,
          0.3458637626367998,
          0.3388575862135213,
          0.3323457379855574,
          0.3391243997803461,
          0.3390130397068372,
          0.3386603599265292,
          0.33193972622607293,
          0.321541724716702,
          0.31841858525654015,
          0.3136699429101615,
          0.324265814982901,
          0.33858692845526184,
          0.34117708380676226,
          0.3236776314333885,
          0.31470170887129834,
          0.3081559797612357,
          0.30741133800141074,
          0.3011761332487311,
          0.2952341449923594,
          0.2977766713342261,
          0.2950861261806393,
          0.2927493722311227,
          0.3011398329492309,
          0.30647745364858486,
          0.2854599170887963,
          0.2739502055993155,
          0.2774361145486198,
          0.27720761071141614
        ]
      },
      "log_relative_wealth": {
        "labels": [
          "2008-11",
          "2008-12",
          "2009-01",
          "2009-02",
          "2009-03",
          "2009-04",
          "2009-05",
          "2009-06",
          "2009-07",
          "2009-08",
          "2009-09",
          "2009-10",
          "2009-11",
          "2009-12",
          "2010-01",
          "2010-02",
          "2010-03",
          "2010-04",
          "2010-05",
          "2010-06",
          "2010-07",
          "2010-08",
          "2010-09",
          "2010-10",
          "2010-11",
          "2010-12",
          "2011-01",
          "2011-02",
          "2011-03",
          "2011-04",
          "2011-05",
          "2011-06",
          "2011-07",
          "2011-08",
          "2011-09",
          "2011-10",
          "2011-11",
          "2011-12",
          "2012-01",
          "2012-02",
          "2012-03",
          "2012-04",
          "2012-05",
          "2012-06",
          "2012-07",
          "2012-08",
          "2012-09",
          "2012-10",
          "2012-11",
          "2012-12",
          "2013-01",
          "2013-02",
          "2013-03",
          "2013-04",
          "2013-05",
          "2013-06",
          "2013-07",
          "2013-08",
          "2013-09",
          "2013-10",
          "2013-11",
          "2013-12",
          "2014-01",
          "2014-02",
          "2014-03",
          "2014-04",
          "2014-05",
          "2014-06",
          "2014-07",
          "2014-08",
          "2014-09",
          "2014-10",
          "2014-11",
          "2014-12",
          "2015-01",
          "2015-02",
          "2015-03",
          "2015-04",
          "2015-05",
          "2015-06",
          "2015-07",
          "2015-08",
          "2015-09",
          "2015-10",
          "2015-11",
          "2015-12",
          "2016-01",
          "2016-02",
          "2016-03",
          "2016-04",
          "2016-05",
          "2016-06",
          "2016-07",
          "2016-08",
          "2016-09",
          "2016-10",
          "2016-11",
          "2016-12",
          "2017-01",
          "2017-02",
          "2017-03",
          "2017-04",
          "2017-05",
          "2017-06",
          "2017-07",
          "2017-08",
          "2017-09",
          "2017-10",
          "2017-11",
          "2017-12",
          "2018-01",
          "2018-02",
          "2018-03",
          "2018-04",
          "2018-05",
          "2018-06",
          "2018-07",
          "2018-08",
          "2018-09",
          "2018-10",
          "2018-11",
          "2018-12",
          "2019-01",
          "2019-02",
          "2019-03",
          "2019-04",
          "2019-05",
          "2019-06",
          "2019-07",
          "2019-08",
          "2019-09",
          "2019-10",
          "2019-11",
          "2019-12",
          "2020-01",
          "2020-02",
          "2020-03",
          "2020-04",
          "2020-05",
          "2020-06",
          "2020-07",
          "2020-08",
          "2020-09",
          "2020-10",
          "2020-11",
          "2020-12",
          "2021-01",
          "2021-02",
          "2021-03",
          "2021-04",
          "2021-05",
          "2021-06",
          "2021-07",
          "2021-08",
          "2021-09",
          "2021-10",
          "2021-11",
          "2021-12",
          "2022-01",
          "2022-02",
          "2022-03",
          "2022-04",
          "2022-05",
          "2022-06",
          "2022-07",
          "2022-08",
          "2022-09",
          "2022-10",
          "2022-11",
          "2022-12",
          "2023-01",
          "2023-02",
          "2023-03",
          "2023-04",
          "2023-05",
          "2023-06",
          "2023-07",
          "2023-08",
          "2023-09",
          "2023-10",
          "2023-11",
          "2023-12",
          "2024-01",
          "2024-02",
          "2024-03",
          "2024-04",
          "2024-05",
          "2024-06",
          "2024-07",
          "2024-08",
          "2024-09",
          "2024-10",
          "2024-11",
          "2024-12",
          "2025-01",
          "2025-02",
          "2025-03",
          "2025-04",
          "2025-05",
          "2025-06",
          "2025-07",
          "2025-08",
          "2025-09",
          "2025-10",
          "2025-11",
          "2025-12",
          "2026-01",
          "2026-02",
          "2026-03",
          "2026-04",
          "2026-05",
          "2026-06",
          "2026-07"
        ],
        "values": [
          0.09030315858412977,
          0.16236540338600378,
          0.19895103614745915,
          0.2629725098099714,
          0.21859123591543886,
          0.15342775468129655,
          0.10389837646487615,
          0.10860080280818332,
          0.07240623270973626,
          0.059151606867411666,
          0.04505057472784526,
          0.05704992893292678,
          0.026083547762389896,
          -0.013038014644610364,
          0.03016856482496356,
          0.011091262426237352,
          -0.03585187934299098,
          -0.029919701271752946,
          0.04851991031849253,
          0.11566998809747159,
          0.07667461553102062,
          0.1403906075900053,
          0.07152533617085993,
          0.041868311028491985,
          0.031401865194122115,
          -0.039688931566647004,
          -0.056923141508057266,
          -0.08030930818967741,
          -0.0837077871156785,
          -0.0876986888806852,
          -0.06118737928248346,
          -0.05350021763068693,
          -0.01250094779195915,
          0.056879797296475014,
          0.12323868642177191,
          0.04683823241190267,
          0.03755415707547046,
          0.05399216797294306,
          0.03156545337958732,
          -0.002918217997792427,
          -0.037929741229952,
          -0.016112681095600507,
          0.045908192468366964,
          0.019372696028574672,
          0.030483979100601973,
          0.008537569730517634,
          -0.011405365460489694,
          0.008032763998228866,
          0.003266205003359123,
          -0.0052022089607975585,
          -0.054668898060719076,
          -0.05589563889022682,
          -0.08447376027551282,
          -0.07979341739838508,
          -0.1310518458487674,
          -0.1439620356894944,
          -0.18291317377929825,
          -0.1739610613666181,
          -0.1874351120158056,
          -0.2110496806281195,
          -0.24570906665143738,
          -0.27380627016242554,
          -0.22015118122672636,
          -0.24694705725120258,
          -0.2554268914063193,
          -0.2496870869195259,
          -0.254376097654419,
          -0.27134566271176125,
          -0.2615539593604219,
          -0.27682888899511565,
          -0.28264227959987315,
          -0.2800246064588648,
          -0.2925766580312095,
          -0.2872565921324862,
          -0.22467620618916614,
          -0.28938422215046117,
          -0.26992670176407607,
          -0.2928466171128006,
          -0.3094186587079156,
          -0.3112318256749986,
          -0.31368400015674824,
          -0.27300667930293976,
          -0.23709692480300876,
          -0.29789263484418177,
          -0.30365813231356265,
          -0.29170256714914916,
          -0.24147058474505698,
          -0.23199547170200976,
          -0.26067189610544456,
          -0.26189358737840546,
          -0.27522382475129825,
          -0.24723227087140331,
          -0.2664414984478201,
          -0.2752669801226392,
          -0.27795432678565013,
          -0.2816253576156565,
          -0.34161334433465296,
          -0.34980275038036646,
          -0.3637929034855011,
          -0.3846393123085722,
          -0.389596743299825,
          -0.38933408748456516,
          -0.39424414064110186,
          -0.3966981462486076,
          -0.4081658396262357,
          -0.4033296765068543,
          -0.42553275466612844,
          -0.44654984743646864,
          -0.47002617102159566,
          -0.4751984886289436,
          -0.5390373239382347,
          -0.5290364668237947,
          -0.49409330636429216,
          -0.5078837334610968,
          -0.5184726779708713,
          -0.5194223851111169,
          -0.5468635019454582,
          -0.5670893433786051,
          -0.5802384448984786,
          -0.530961547205094,
          -0.537714954957422,
          -0.4500334615100337,
          -0.48851339666292204,
          -0.518029778369255,
          -0.5079157171681941,
          -0.5429840510858451,
          -0.4681532828889576,
          -0.5079704850183029,
          -0.5178191639789111,
          -0.46956639515712284,
          -0.49133180764534573,
          -0.5064327845351358,
          -0.5396559748630403,
          -0.5648605510650287,
          -0.5411811797550038,
          -0.4627890030737416,
          -0.37601406391784176,
          -0.453681272022789,
          -0.48349390960834904,
          -0.48922831843125153,
          -0.5226068091782192,
          -0.5905905364728726,
          -0.5592675930409573,
          -0.5483596500073054,
          -0.6169650756731642,
          -0.6466298935487041,
          -0.6478939899823911,
          -0.6864477289731898,
          -0.7357059316910054,
          -0.7647901083934329,
          -0.7657574936637418,
          -0.771268169037116,
          -0.7739216385131242,
          -0.8000336360133111,
          -0.7766051074250804,
          -0.8289008737655176,
          -0.8189931692805372,
          -0.8504310251705971,
          -0.8331663387071975,
          -0.8180927856168558,
          -0.8704530446014541,
          -0.835037248686842,
          -0.8336501112672733,
          -0.7819792035988354,
          -0.8222112108874875,
          -0.8243309711600566,
          -0.7964903210481333,
          -0.8677583197274553,
          -0.8722693421742126,
          -0.8385169823009823,
          -0.8482629470796533,
          -0.8607726982933274,
          -0.8662787546479768,
          -0.8738070793972053,
          -0.894215500709653,
          -0.9411914856449827,
          -0.9674497457931248,
          -0.9653069494853055,
          -0.9590329703901181,
          -0.9608924752683252,
          -0.9766628822735034,
          -0.9713605132772969,
          -0.9932190434390871,
          -1.0456084405789723,
          -1.061588222993478,
          -1.061710331068768,
          -1.0821753595334014,
          -1.1015794724505281,
          -1.081388277911438,
          -1.0817167071295448,
          -1.0827575619494014,
          -1.1028018740592214,
          -1.1346279623359081,
          -1.1443884559348259,
          -1.1594139831348413,
          -1.1261916829336693,
          -1.0829744147085483,
          -1.0753536291408097,
          -1.1280072232075289,
          -1.1561300447666896,
          -1.1771491964036211,
          -1.1795685650138712,
          -1.2000600250779994,
          -1.2199865256264775,
          -1.211411498489001,
          -1.220488012097637,
          -1.2284384208921852,
          -1.2001805608153244,
          -1.1826110870013633,
          -1.2536536552282682,
          -1.2948089204985762,
          -1.2821645901426548,
          -1.2829885563743995
        ]
      },
      "rolling_slope": {
        "labels": [
          "2009-11",
          "2009-12",
          "2010-01",
          "2010-02",
          "2010-03",
          "2010-04",
          "2010-05",
          "2010-06",
          "2010-07",
          "2010-08",
          "2010-09",
          "2010-10",
          "2010-11",
          "2010-12",
          "2011-01",
          "2011-02",
          "2011-03",
          "2011-04",
          "2011-05",
          "2011-06",
          "2011-07",
          "2011-08",
          "2011-09",
          "2011-10",
          "2011-11",
          "2011-12",
          "2012-01",
          "2012-02",
          "2012-03",
          "2012-04",
          "2012-05",
          "2012-06",
          "2012-07",
          "2012-08",
          "2012-09",
          "2012-10",
          "2012-11",
          "2012-12",
          "2013-01",
          "2013-02",
          "2013-03",
          "2013-04",
          "2013-05",
          "2013-06",
          "2013-07",
          "2013-08",
          "2013-09",
          "2013-10",
          "2013-11",
          "2013-12",
          "2014-01",
          "2014-02",
          "2014-03",
          "2014-04",
          "2014-05",
          "2014-06",
          "2014-07",
          "2014-08",
          "2014-09",
          "2014-10",
          "2014-11",
          "2014-12",
          "2015-01",
          "2015-02",
          "2015-03",
          "2015-04",
          "2015-05",
          "2015-06",
          "2015-07",
          "2015-08",
          "2015-09",
          "2015-10",
          "2015-11",
          "2015-12",
          "2016-01",
          "2016-02",
          "2016-03",
          "2016-04",
          "2016-05",
          "2016-06",
          "2016-07",
          "2016-08",
          "2016-09",
          "2016-10",
          "2016-11",
          "2016-12",
          "2017-01",
          "2017-02",
          "2017-03",
          "2017-04",
          "2017-05",
          "2017-06",
          "2017-07",
          "2017-08",
          "2017-09",
          "2017-10",
          "2017-11",
          "2017-12",
          "2018-01",
          "2018-02",
          "2018-03",
          "2018-04",
          "2018-05",
          "2018-06",
          "2018-07",
          "2018-08",
          "2018-09",
          "2018-10",
          "2018-11",
          "2018-12",
          "2019-01",
          "2019-02",
          "2019-03",
          "2019-04",
          "2019-05",
          "2019-06",
          "2019-07",
          "2019-08",
          "2019-09",
          "2019-10",
          "2019-11",
          "2019-12",
          "2020-01",
          "2020-02",
          "2020-03",
          "2020-04",
          "2020-05",
          "2020-06",
          "2020-07",
          "2020-08",
          "2020-09",
          "2020-10",
          "2020-11",
          "2020-12",
          "2021-01",
          "2021-02",
          "2021-03",
          "2021-04",
          "2021-05",
          "2021-06",
          "2021-07",
          "2021-08",
          "2021-09",
          "2021-10",
          "2021-11",
          "2021-12",
          "2022-01",
          "2022-02",
          "2022-03",
          "2022-04",
          "2022-05",
          "2022-06",
          "2022-07",
          "2022-08",
          "2022-09",
          "2022-10",
          "2022-11",
          "2022-12",
          "2023-01",
          "2023-02",
          "2023-03",
          "2023-04",
          "2023-05",
          "2023-06",
          "2023-07",
          "2023-08",
          "2023-09",
          "2023-10",
          "2023-11",
          "2023-12",
          "2024-01",
          "2024-02",
          "2024-03",
          "2024-04",
          "2024-05",
          "2024-06",
          "2024-07",
          "2024-08",
          "2024-09",
          "2024-10",
          "2024-11",
          "2024-12",
          "2025-01",
          "2025-02",
          "2025-03",
          "2025-04",
          "2025-05",
          "2025-06",
          "2025-07",
          "2025-08",
          "2025-09",
          "2025-10",
          "2025-11",
          "2025-12",
          "2026-01",
          "2026-02",
          "2026-03",
          "2026-04",
          "2026-05",
          "2026-06",
          "2026-07"
        ],
        "values": [
          -0.013050863818483756,
          -0.018661623102017258,
          -0.022052413093275106,
          -0.020891830930248115,
          -0.016374627180257277,
          -0.013918852190136949,
          -0.01241757044037806,
          -0.008868565884376746,
          -0.00213585737619176,
          0.001402386516296201,
          0.006758913664224871,
          0.008257715620299873,
          0.008976149762437753,
          0.007990630675253331,
          0.0024554063065202066,
          -0.0015923668118876663,
          -0.0067977250772019064,
          -0.013628408412285903,
          -0.02000828681360628,
          -0.021399013706285833,
          -0.018674620429390415,
          -0.014962840661871014,
          -0.005062783903493094,
          0.004843289891655584,
          0.010101206269107866,
          0.014491540593013354,
          0.016239683232371648,
          0.015686774162483697,
          0.012125761100331658,
          0.0065224782410623515,
          0.001256782258580898,
          -0.0009190374357533687,
          -0.004514956790458479,
          -0.006329516724264154,
          -0.006135092989211111,
          -0.0033533345455577365,
          -0.0023551368512675546,
          -0.0016909048614872969,
          -0.00036542289896003576,
          -0.0015479553278498382,
          -0.003742072281739322,
          -0.008256309149864301,
          -0.011273365628177757,
          -0.012997449672984425,
          -0.015186755624542941,
          -0.017226923029301976,
          -0.018428054698088336,
          -0.019777701934811362,
          -0.0199210732227983,
          -0.020082114524551352,
          -0.0199676595914978,
          -0.018159683181531782,
          -0.016280859571288924,
          -0.014691165041441346,
          -0.011472489501037821,
          -0.009576021474258466,
          -0.00805664848226552,
          -0.00704038319746902,
          -0.0056547654422338545,
          -0.004385841043064334,
          -0.003423842001380317,
          -0.004037698672764251,
          -0.005396337644838204,
          -0.0018151128215249835,
          -0.0019090086764200027,
          -0.0013432219787547573,
          -0.0012966730076354618,
          -0.0017988322068424802,
          -0.0027571594489738662,
          -0.003085799452662457,
          -0.0021796963593806716,
          -0.00018342262885048867,
          -0.0007249592801857716,
          -0.001933842385482723,
          -0.002363582057015138,
          0.00201433132649266,
          0.003932841888631458,
          0.005231525862267879,
          0.0053766884552985264,
          0.00403942023956307,
          0.0034572088566721254,
          0.0015771692178003379,
          0.0008762899609517812,
          0.0017201190846814827,
          -5.4970552777753784e-05,
          -0.004513115698866232,
          -0.008477382157273916,
          -0.010290164512327919,
          -0.011618644035260525,
          -0.013373828372652252,
          -0.014272869626798777,
          -0.015075486651424991,
          -0.013867835247604777,
          -0.012929179769983581,
          -0.011214596967546377,
          -0.009580587499384442,
          -0.007889775812701066,
          -0.008675308206932821,
          -0.00913402982809191,
          -0.011807114044606935,
          -0.013817628490267473,
          -0.013699742686981558,
          -0.013369573828931792,
          -0.012840837798467458,
          -0.01159144364485885,
          -0.011060524391117025,
          -0.010117782796725594,
          -0.009544834205990359,
          -0.006950084744354742,
          -0.005091895745463913,
          0.0003769011796416068,
          0.0012879561469136464,
          0.0011650359014843987,
          0.0029424736360415984,
          0.002840951916945586,
          0.005381677774032064,
          0.005995920391923367,
          0.004903960955273568,
          0.00454541355525198,
          0.0020700698140703466,
          0.0006320535194622895,
          -0.002562280676289577,
          -0.0027269256538407023,
          -0.0029269269022564564,
          -0.0010851919706172488,
          0.004167471547517287,
          0.003916530392279136,
          0.005295852925825131,
          0.0047520255597395394,
          0.0023456787605117997,
          -0.00044863907074154595,
          -0.002181242573198841,
          -0.003705642423229133,
          -0.009085662642640074,
          -0.016211676867773188,
          -0.021738161543161136,
          -0.02443795814717706,
          -0.023523938559131367,
          -0.02474354104641676,
          -0.025179884281409808,
          -0.024114960298549933,
          -0.022696990311266776,
          -0.023616050983643545,
          -0.02074560718690733,
          -0.017870880668279812,
          -0.015771690292326966,
          -0.01481726516098228,
          -0.011831089817388457,
          -0.008721994283014959,
          -0.00894516927617591,
          -0.008185918801679258,
          -0.006926050202399188,
          -0.00345455069505613,
          -0.0015761459927474794,
          -0.0006284901916694691,
          0.002624804396721991,
          0.0008989992625535925,
          -0.000278226139746659,
          -0.0012137166545570293,
          -0.001822608478040184,
          -0.00212191238694663,
          -0.004714538538328524,
          -0.0060160975752296866,
          -0.007768426495214086,
          -0.008555312253359934,
          -0.011067486096434962,
          -0.012577943346314577,
          -0.011595763609646774,
          -0.012787895893284894,
          -0.014140340966374293,
          -0.0130246258383838,
          -0.012263646066861094,
          -0.013072589168057381,
          -0.01345385693568275,
          -0.012816217269312164,
          -0.01257934084360473,
          -0.01390964388852731,
          -0.014535325494235784,
          -0.01427946620889844,
          -0.012964404684024412,
          -0.011639594255325719,
          -0.011263327408896528,
          -0.009916796480343562,
          -0.008931754383917818,
          -0.007888065368660283,
          -0.005345008298167953,
          -0.0023648406692962725,
          -0.0022446321615087203,
          -0.0037675732261867627,
          -0.0047996890963394705,
          -0.005270129433498373,
          -0.005891735706303755,
          -0.0073705539973039705,
          -0.009146730840577523,
          -0.011178715355790726,
          -0.01366729860532075,
          -0.01307624815213961,
          -0.009327622682722608,
          -0.007268244393479459,
          -0.007938252777893028,
          -0.008233805399271137
        ]
      },
      "rolling_pvalue": {
        "labels": [
          "2009-11",
          "2009-12",
          "2010-01",
          "2010-02",
          "2010-03",
          "2010-04",
          "2010-05",
          "2010-06",
          "2010-07",
          "2010-08",
          "2010-09",
          "2010-10",
          "2010-11",
          "2010-12",
          "2011-01",
          "2011-02",
          "2011-03",
          "2011-04",
          "2011-05",
          "2011-06",
          "2011-07",
          "2011-08",
          "2011-09",
          "2011-10",
          "2011-11",
          "2011-12",
          "2012-01",
          "2012-02",
          "2012-03",
          "2012-04",
          "2012-05",
          "2012-06",
          "2012-07",
          "2012-08",
          "2012-09",
          "2012-10",
          "2012-11",
          "2012-12",
          "2013-01",
          "2013-02",
          "2013-03",
          "2013-04",
          "2013-05",
          "2013-06",
          "2013-07",
          "2013-08",
          "2013-09",
          "2013-10",
          "2013-11",
          "2013-12",
          "2014-01",
          "2014-02",
          "2014-03",
          "2014-04",
          "2014-05",
          "2014-06",
          "2014-07",
          "2014-08",
          "2014-09",
          "2014-10",
          "2014-11",
          "2014-12",
          "2015-01",
          "2015-02",
          "2015-03",
          "2015-04",
          "2015-05",
          "2015-06",
          "2015-07",
          "2015-08",
          "2015-09",
          "2015-10",
          "2015-11",
          "2015-12",
          "2016-01",
          "2016-02",
          "2016-03",
          "2016-04",
          "2016-05",
          "2016-06",
          "2016-07",
          "2016-08",
          "2016-09",
          "2016-10",
          "2016-11",
          "2016-12",
          "2017-01",
          "2017-02",
          "2017-03",
          "2017-04",
          "2017-05",
          "2017-06",
          "2017-07",
          "2017-08",
          "2017-09",
          "2017-10",
          "2017-11",
          "2017-12",
          "2018-01",
          "2018-02",
          "2018-03",
          "2018-04",
          "2018-05",
          "2018-06",
          "2018-07",
          "2018-08",
          "2018-09",
          "2018-10",
          "2018-11",
          "2018-12",
          "2019-01",
          "2019-02",
          "2019-03",
          "2019-04",
          "2019-05",
          "2019-06",
          "2019-07",
          "2019-08",
          "2019-09",
          "2019-10",
          "2019-11",
          "2019-12",
          "2020-01",
          "2020-02",
          "2020-03",
          "2020-04",
          "2020-05",
          "2020-06",
          "2020-07",
          "2020-08",
          "2020-09",
          "2020-10",
          "2020-11",
          "2020-12",
          "2021-01",
          "2021-02",
          "2021-03",
          "2021-04",
          "2021-05",
          "2021-06",
          "2021-07",
          "2021-08",
          "2021-09",
          "2021-10",
          "2021-11",
          "2021-12",
          "2022-01",
          "2022-02",
          "2022-03",
          "2022-04",
          "2022-05",
          "2022-06",
          "2022-07",
          "2022-08",
          "2022-09",
          "2022-10",
          "2022-11",
          "2022-12",
          "2023-01",
          "2023-02",
          "2023-03",
          "2023-04",
          "2023-05",
          "2023-06",
          "2023-07",
          "2023-08",
          "2023-09",
          "2023-10",
          "2023-11",
          "2023-12",
          "2024-01",
          "2024-02",
          "2024-03",
          "2024-04",
          "2024-05",
          "2024-06",
          "2024-07",
          "2024-08",
          "2024-09",
          "2024-10",
          "2024-11",
          "2024-12",
          "2025-01",
          "2025-02",
          "2025-03",
          "2025-04",
          "2025-05",
          "2025-06",
          "2025-07",
          "2025-08",
          "2025-09",
          "2025-10",
          "2025-11",
          "2025-12",
          "2026-01",
          "2026-02",
          "2026-03",
          "2026-04",
          "2026-05",
          "2026-06",
          "2026-07"
        ],
        "values": [
          0.018773072071482683,
          0.00014645886092304046,
          4.2335060877979685e-06,
          2.056142958721247e-05,
          4.1711511456014985e-05,
          6.53913490591929e-06,
          5.347369865570806e-06,
          0.00540287667797402,
          0.5871689184896205,
          0.7248856714126621,
          0.14112074244031927,
          0.0680338928088195,
          0.04226706968568344,
          0.07723688477923445,
          0.6319749292811888,
          0.7804764251173593,
          0.27398620521154093,
          0.02335696453222184,
          0.000111975255910494,
          1.4098330829049217e-05,
          0.00019531809453926928,
          0.005177353789255624,
          0.3229210710502085,
          0.41518111387066986,
          0.07114521396071237,
          0.003598917729152064,
          0.0008700158647003639,
          0.0014421501650127458,
          0.01774031220807733,
          0.21685441599405622,
          0.7955363294985431,
          0.8350488287482446,
          0.22463721233050812,
          0.05985517692486402,
          0.06788581919347969,
          0.1789514158135502,
          0.3307120353283757,
          0.4752719535922922,
          0.8614019166684286,
          0.529013217497629,
          0.17021527979653409,
          0.0029916830578292568,
          7.757064203576228e-06,
          1.313994080683249e-05,
          2.2807125927340065e-06,
          2.055308148873929e-06,
          3.9146764004385583e-07,
          9.022086671753967e-09,
          7.08326753940306e-09,
          7.176219180416097e-09,
          6.164425784730257e-09,
          1.2775333499869988e-06,
          6.6013172929924925e-06,
          2.5382253245645312e-05,
          9.108556868476325e-05,
          0.00041787680785497147,
          0.0007846421667269355,
          0.0024810639796983584,
          0.004846862445288061,
          0.0075321387927084265,
          0.015251090962148802,
          0.006557053726541204,
          8.053058675809568e-06,
          0.2976969580321598,
          0.27736998702733684,
          0.4414720027597833,
          0.45533835809697476,
          0.3304702929835999,
          0.15963693970948384,
          0.12451048151852703,
          0.29681107133711404,
          0.941337437756666,
          0.773688781306815,
          0.44527246188978614,
          0.34832149079788044,
          0.37455880456874113,
          0.12116633540013731,
          0.03179020940906,
          0.02712621182807408,
          0.09559140039521179,
          0.13937963370118886,
          0.45411860430264844,
          0.6815150825120311,
          0.37987129597980923,
          0.9765254036280572,
          0.050018890401215474,
          0.00048268351508835063,
          0.00015995287884360844,
          0.000106631811076266,
          1.4693027055886772e-05,
          3.130427049686108e-06,
          3.1213914767164585e-07,
          2.312151535203712e-06,
          7.90239036088385e-06,
          5.893908846783538e-05,
          7.887308366576162e-05,
          9.066008234522713e-07,
          4.175223999671046e-06,
          4.965958101775929e-06,
          6.748317545426963e-05,
          1.1531391313118348e-05,
          1.4755566764091308e-05,
          2.5203330072727355e-05,
          5.051972113664086e-05,
          0.00019497739900125027,
          0.00027418149585831217,
          0.0003033598272783304,
          0.0003169982948023321,
          0.005116902304499811,
          0.028065799784558636,
          0.9014661285939445,
          0.6836912089584727,
          0.7123605400317983,
          0.330952505737484,
          0.35038434431995946,
          0.09387349370474372,
          0.0583057488415056,
          0.1241027575418255,
          0.14544903129740194,
          0.4272558833504438,
          0.8025509949998935,
          0.3020855849976065,
          0.28288532354993035,
          0.25351595273133304,
          0.7137989827827225,
          0.351655509286636,
          0.3780286271801977,
          0.22029375849857816,
          0.2729849297136256,
          0.599216709681823,
          0.9300623401792314,
          0.6799095704246405,
          0.4882740652684547,
          0.10845161758158921,
          0.0035190898570873455,
          9.992865935634594e-06,
          5.300750818273786e-07,
          2.1883722316940254e-07,
          2.3275827982203195e-07,
          1.7003673790054343e-07,
          3.394075717655279e-07,
          1.225490952900918e-06,
          2.7367665640021475e-07,
          7.97915616570051e-06,
          3.5703147152182068e-06,
          1.0785789708257123e-05,
          1.2651641902906288e-05,
          1.2669064780228394e-05,
          6.769749578126484e-05,
          6.979457932697013e-05,
          0.0003081036394781144,
          0.0019899095759215953,
          0.18105991907710683,
          0.5054411432746192,
          0.7850493463658699,
          0.17932587783393242,
          0.6969631866273087,
          0.9128795600051335,
          0.6258749838443972,
          0.4663018428484224,
          0.4023052615761115,
          0.038799764159383965,
          0.008381326301193875,
          0.000840570478444587,
          0.001057333030212959,
          0.00045554861140503853,
          0.00016730654489732267,
          0.0002466481380625606,
          3.637567089598756e-05,
          1.7107654609169018e-06,
          1.0682058354408476e-05,
          2.0781127659124845e-05,
          2.3152492070845047e-05,
          2.4534981472697086e-05,
          2.4131050742337734e-05,
          2.3099641975904762e-05,
          1.0118240689378844e-05,
          2.4790047186029734e-06,
          4.538843396747932e-06,
          3.764019452375039e-05,
          0.00010648154260532691,
          0.00011965010475328152,
          7.911360853535271e-05,
          2.8947779588492403e-05,
          0.0001878123030890259,
          0.028205393580880818,
          0.3558426691965802,
          0.3783997802014443,
          0.1672679206808344,
          0.10316645933408472,
          0.08243960566441805,
          0.06356529870636628,
          0.03311013521607466,
          0.00972699775784242,
          0.0015096486068627267,
          2.200985049226093e-05,
          8.212081440431117e-05,
          0.004189972295127731,
          0.0035932863922993235,
          0.003933796670918283,
          0.0034535941232162726
        ]
      }
    }
  },
  "train_test": {
    "status": "ok",
    "train_frac": 0.7,
    "split": "2021-04",
    "train": {
      "status": "ok",
      "n": 149.0,
      "cagr": 0.07745535893659472,
      "sharpe": 1.2293405026742767,
      "sortino": 1.8554001594638696,
      "max_drawdown": -0.09402821046594201,
      "mean_monthly": 0.006396525491129057,
      "total_return": 1.5251729521775106
    },
    "test": {
      "status": "ok",
      "n": 64.0,
      "cagr": 0.027857878777653777,
      "sharpe": 0.3336536350832685,
      "sortino": 0.5538470435871945,
      "max_drawdown": -0.19711069554541527,
      "mean_monthly": 0.0026712303855995385,
      "total_return": 0.15782530135549644
    },
    "sharpe_ratio_test_over_train": 0.2714086409399566,
    "charts": {
      "train_equity": {
        "labels": [
          "2008-11",
          "2008-12",
          "2009-01",
          "2009-02",
          "2009-03",
          "2009-04",
          "2009-05",
          "2009-06",
          "2009-07",
          "2009-08",
          "2009-09",
          "2009-10",
          "2009-11",
          "2009-12",
          "2010-01",
          "2010-02",
          "2010-03",
          "2010-04",
          "2010-05",
          "2010-06",
          "2010-07",
          "2010-08",
          "2010-09",
          "2010-10",
          "2010-11",
          "2010-12",
          "2011-01",
          "2011-02",
          "2011-03",
          "2011-04",
          "2011-05",
          "2011-06",
          "2011-07",
          "2011-08",
          "2011-09",
          "2011-10",
          "2011-11",
          "2011-12",
          "2012-01",
          "2012-02",
          "2012-03",
          "2012-04",
          "2012-05",
          "2012-06",
          "2012-07",
          "2012-08",
          "2012-09",
          "2012-10",
          "2012-11",
          "2012-12",
          "2013-01",
          "2013-02",
          "2013-03",
          "2013-04",
          "2013-05",
          "2013-06",
          "2013-07",
          "2013-08",
          "2013-09",
          "2013-10",
          "2013-11",
          "2013-12",
          "2014-01",
          "2014-02",
          "2014-03",
          "2014-04",
          "2014-05",
          "2014-06",
          "2014-07",
          "2014-08",
          "2014-09",
          "2014-10",
          "2014-11",
          "2014-12",
          "2015-01",
          "2015-02",
          "2015-03",
          "2015-04",
          "2015-05",
          "2015-06",
          "2015-07",
          "2015-08",
          "2015-09",
          "2015-10",
          "2015-11",
          "2015-12",
          "2016-01",
          "2016-02",
          "2016-03",
          "2016-04",
          "2016-05",
          "2016-06",
          "2016-07",
          "2016-08",
          "2016-09",
          "2016-10",
          "2016-11",
          "2016-12",
          "2017-01",
          "2017-02",
          "2017-03",
          "2017-04",
          "2017-05",
          "2017-06",
          "2017-07",
          "2017-08",
          "2017-09",
          "2017-10",
          "2017-11",
          "2017-12",
          "2018-01",
          "2018-02",
          "2018-03",
          "2018-04",
          "2018-05",
          "2018-06",
          "2018-07",
          "2018-08",
          "2018-09",
          "2018-10",
          "2018-11",
          "2018-12",
          "2019-01",
          "2019-02",
          "2019-03",
          "2019-04",
          "2019-05",
          "2019-06",
          "2019-07",
          "2019-08",
          "2019-09",
          "2019-10",
          "2019-11",
          "2019-12",
          "2020-01",
          "2020-02",
          "2020-03",
          "2020-04",
          "2020-05",
          "2020-06",
          "2020-07",
          "2020-08",
          "2020-09",
          "2020-10",
          "2020-11",
          "2020-12",
          "2021-01",
          "2021-02",
          "2021-03"
        ],
        "values": [
          1.0183214186433176,
          1.105133920200365,
          1.0521857981575693,
          1.0012201553587134,
          1.0375483510713184,
          1.068667194458332,
          1.0764746421723783,
          1.080840298751782,
          1.120190051517549,
          1.1462752440653832,
          1.1702992889842794,
          1.1616557545369377,
          1.195618138470393,
          1.1717085436926145,
          1.1789807075115724,
          1.1927849963735957,
          1.2073718955610582,
          1.2333446787730613,
          1.2279924975806307,
          1.2453329223712468,
          1.2795096124933594,
          1.302349243619571,
          1.3245505893639105,
          1.3349673002077767,
          1.3210678033216632,
          1.3126681387062789,
          1.3203022881247455,
          1.334586836374933,
          1.3302193136397844,
          1.3632926514844568,
          1.3842189906907305,
          1.371369029560701,
          1.400180879964927,
          1.4182699780238877,
          1.4103652325948253,
          1.449240216883694,
          1.4300129453283879,
          1.4689025122233705,
          1.5029353017842582,
          1.5150162756215217,
          1.5099437428156246,
          1.5329460271990334,
          1.5330777417018742,
          1.5535169572563043,
          1.5894574408285431,
          1.593909838722297,
          1.6020464301869028,
          1.6037655903363597,
          1.6051730496144645,
          1.6058574742111136,
          1.606591262109966,
          1.6250937543545836,
          1.6392779199763734,
          1.6786105076636098,
          1.6323859180647768,
          1.589943292742012,
          1.6082284012052595,
          1.5740222943030282,
          1.602100886557043,
          1.6371682628447433,
          1.6282656484031979,
          1.6241985608837883,
          1.653319300196527,
          1.6828676831548024,
          1.6825006019476672,
          1.7039488973598376,
          1.7353349923637826,
          1.7413589068074913,
          1.734863515150769,
          1.7759904934735762,
          1.7413359335744407,
          1.7870179936347623,
          1.8132076764687335,
          1.8182554492572938,
          1.8783263118276108,
          1.859587795851715,
          1.8663448292746943,
          1.8419928630793123,
          1.8350108365110156,
          1.7944809311538512,
          1.8305223966764803,
          1.790316047872882,
          1.8084221746370845,
          1.8465044765698173,
          1.842598909165368,
          1.8325331626432737,
          1.8310003372818566,
          1.846905059395457,
          1.9154161899547422,
          1.9206179628193598,
          1.9274251527690656,
          1.9890290704901972,
          2.022347750053829,
          2.0069789945106224,
          2.0017085761703624,
          1.9597973707402787,
          1.9136818684845738,
          1.9365518765849004,
          1.9438201787389524,
          1.9785175011895022,
          1.9711943105027407,
          1.991284246922552,
          2.009495506196425,
          2.0173491120653493,
          2.035338999275685,
          2.051173431616335,
          2.046556023063122,
          2.0512138412962626,
          2.064862418120986,
          2.0791231451769243,
          2.060472707508434,
          2.0055101510419835,
          2.0199010515976035,
          2.0025332536625124,
          2.0296075245695944,
          2.039342014362253,
          2.057646119989715,
          2.0808104334380646,
          2.0658400783961435,
          2.020218453175265,
          2.043842526219122,
          2.0346921223955894,
          2.114643966745543,
          2.119693437138316,
          2.1799988599457394,
          2.1908633105833983,
          2.210528272207037,
          2.2720591189999264,
          2.2838079004839806,
          2.356580227600917,
          2.3507094354403417,
          2.3666604846182198,
          2.372193839618682,
          2.3803608880337865,
          2.4364144956580356,
          2.4264870041104905,
          2.315985062413552,
          2.415031917146982,
          2.4557814279243226,
          2.4850417630122403,
          2.545009294720829,
          2.5436988779398932,
          2.5263600344148696,
          2.4903858932397918,
          2.578196129115046,
          2.595563262752721,
          2.565867515085873,
          2.5374734265172796,
          2.5251729521775106
        ]
      },
      "test_equity": {
        "labels": [
          "2021-04",
          "2021-05",
          "2021-06",
          "2021-07",
          "2021-08",
          "2021-09",
          "2021-10",
          "2021-11",
          "2021-12",
          "2022-01",
          "2022-02",
          "2022-03",
          "2022-04",
          "2022-05",
          "2022-06",
          "2022-07",
          "2022-08",
          "2022-09",
          "2022-10",
          "2022-11",
          "2022-12",
          "2023-01",
          "2023-02",
          "2023-03",
          "2023-04",
          "2023-05",
          "2023-06",
          "2023-07",
          "2023-08",
          "2023-09",
          "2023-10",
          "2023-11",
          "2023-12",
          "2024-01",
          "2024-02",
          "2024-03",
          "2024-04",
          "2024-05",
          "2024-06",
          "2024-07",
          "2024-08",
          "2024-09",
          "2024-10",
          "2024-11",
          "2024-12",
          "2025-01",
          "2025-02",
          "2025-03",
          "2025-04",
          "2025-05",
          "2025-06",
          "2025-07",
          "2025-08",
          "2025-09",
          "2025-10",
          "2025-11",
          "2025-12",
          "2026-01",
          "2026-02",
          "2026-03",
          "2026-04",
          "2026-05",
          "2026-06",
          "2026-07"
        ],
        "values": [
          2.5825663443973665,
          2.597010499863843,
          2.6406630193486547,
          2.697959344941335,
          2.7066437474972913,
          2.6416704028121587,
          2.6829774117235705,
          2.6879197265041586,
          2.725194475884088,
          2.626419619477817,
          2.5876071998315346,
          2.547913107561639,
          2.408076317795813,
          2.4168620547379445,
          2.335162049019997,
          2.4496380874294554,
          2.3447126278222195,
          2.1880294972460517,
          2.203120704550081,
          2.3151285001634414,
          2.2566062818701798,
          2.3752562167481135,
          2.2867490762115894,
          2.358514913325309,
          2.3782206041030887,
          2.3409333569489674,
          2.3782395471835716,
          2.39243387162889,
          2.358600595573066,
          2.2608621504551807,
          2.207672699167004,
          2.3716319563188915,
          2.4930938993580747,
          2.478037291890217,
          2.4742770557103158,
          2.514683725262735,
          2.412997946477579,
          2.4836937313369774,
          2.521905788038048,
          2.604504839468775,
          2.664485477569381,
          2.717621093442905,
          2.6399212920773016,
          2.7097222571563857,
          2.618839836823939,
          2.6490678408402006,
          2.703788984831578,
          2.6658942859953876,
          2.6629978346945022,
          2.685180367319069,
          2.7448727110998425,
          2.7496834042345197,
          2.7993252324836395,
          2.840236865567633,
          2.850569653688096,
          2.8807247039962567,
          2.8569726988961155,
          2.876120769316382,
          2.932985029696604,
          2.837574789209745,
          2.9206324518270472,
          2.950376178643762,
          2.957165208369148,
          2.9237091343296746
        ]
      }
    }
  },
  "cost": {
    "status": "ok",
    "avg_daily_turnover": 0.0004752598144642639,
    "monthly_turnover": 0.009980456103749542,
    "note": "Additional one-way bps on top of the published (already costed) monthly path.",
    "half_sharpe_bps": null,
    "zero_sharpe_bps": null,
    "base_sharpe": 0.8539187323299325,
    "curve": {
      "labels": [
        "0",
        "1",
        "2",
        "3",
        "4",
        "5",
        "6",
        "7",
        "8",
        "9",
        "10",
        "11",
        "12",
        "13",
        "14",
        "15",
        "16",
        "17",
        "18",
        "19",
        "20",
        "21",
        "22",
        "23",
        "24"
      ],
      "sharpe": [
        0.8539187323299325,
        0.8537572353653964,
        0.8535957384008603,
        0.8534342414363245,
        0.8532727444717885,
        0.8531112475072524,
        0.8529497505427165,
        0.8527882535781806,
        0.8526267566136445,
        0.8524652596491085,
        0.8523037626845725,
        0.8521422657200366,
        0.8519807687555006,
        0.8518192717909646,
        0.8516577748264285,
        0.8514962778618926,
        0.8513347808973566,
        0.8511732839328205,
        0.8510117869682845,
        0.8508502900037487,
        0.8506887930392126,
        0.8505272960746766,
        0.8503657991101405,
        0.8502043021456046,
        0.8500428051810687
      ],
      "cagr": [
        0.06230643458951701,
        0.06229377293915617,
        0.062281111427127556,
        0.06226845005343029,
        0.06225578881806304,
        0.06224312772102425,
        0.062230466762312586,
        0.06221780594192672,
        0.06220514525986531,
        0.062192484716126595,
        0.0621798243107099,
        0.06216716404361344,
        0.0621545039148359,
        0.06214184392437572,
        0.06212918407223178,
        0.062116524358402536,
        0.06210386478288732,
        0.062091205345683465,
        0.062078546046790306,
        0.06206588688620651,
        0.06205322786393075,
        0.06204056897996146,
        0.0620279102342971,
        0.062015251626936774,
        0.06200259315787893
      ]
    },
    "rows": [
      {
        "bps": 0.0,
        "cagr": 0.06230643458951701,
        "sharpe": 0.8539187323299325,
        "max_drawdown": -0.1971106955454156
      },
      {
        "bps": 1.0,
        "cagr": 0.06229377293915617,
        "sharpe": 0.8537572353653964,
        "max_drawdown": null
      },
      {
        "bps": 2.0,
        "cagr": 0.062281111427127556,
        "sharpe": 0.8535957384008603,
        "max_drawdown": null
      },
      {
        "bps": 3.0,
        "cagr": 0.06226845005343029,
        "sharpe": 0.8534342414363245,
        "max_drawdown": null
      },
      {
        "bps": 4.0,
        "cagr": 0.06225578881806304,
        "sharpe": 0.8532727444717885,
        "max_drawdown": null
      },
      {
        "bps": 5.0,
        "cagr": 0.06224312772102425,
        "sharpe": 0.8531112475072524,
        "max_drawdown": null
      },
      {
        "bps": 6.0,
        "cagr": 0.062230466762312586,
        "sharpe": 0.8529497505427165,
        "max_drawdown": null
      },
      {
        "bps": 7.0,
        "cagr": 0.06221780594192672,
        "sharpe": 0.8527882535781806,
        "max_drawdown": null
      },
      {
        "bps": 8.0,
        "cagr": 0.06220514525986531,
        "sharpe": 0.8526267566136445,
        "max_drawdown": null
      },
      {
        "bps": 9.0,
        "cagr": 0.062192484716126595,
        "sharpe": 0.8524652596491085,
        "max_drawdown": null
      },
      {
        "bps": 10.0,
        "cagr": 0.0621798243107099,
        "sharpe": 0.8523037626845725,
        "max_drawdown": null
      },
      {
        "bps": 11.0,
        "cagr": 0.06216716404361344,
        "sharpe": 0.8521422657200366,
        "max_drawdown": null
      },
      {
        "bps": 12.0,
        "cagr": 0.0621545039148359,
        "sharpe": 0.8519807687555006,
        "max_drawdown": null
      },
      {
        "bps": 13.0,
        "cagr": 0.06214184392437572,
        "sharpe": 0.8518192717909646,
        "max_drawdown": null
      },
      {
        "bps": 14.0,
        "cagr": 0.06212918407223178,
        "sharpe": 0.8516577748264285,
        "max_drawdown": null
      },
      {
        "bps": 15.0,
        "cagr": 0.062116524358402536,
        "sharpe": 0.8514962778618926,
        "max_drawdown": null
      },
      {
        "bps": 16.0,
        "cagr": 0.06210386478288732,
        "sharpe": 0.8513347808973566,
        "max_drawdown": null
      },
      {
        "bps": 17.0,
        "cagr": 0.062091205345683465,
        "sharpe": 0.8511732839328205,
        "max_drawdown": null
      },
      {
        "bps": 18.0,
        "cagr": 0.062078546046790306,
        "sharpe": 0.8510117869682845,
        "max_drawdown": null
      },
      {
        "bps": 19.0,
        "cagr": 0.06206588688620651,
        "sharpe": 0.8508502900037487,
        "max_drawdown": null
      },
      {
        "bps": 20.0,
        "cagr": 0.06205322786393075,
        "sharpe": 0.8506887930392126,
        "max_drawdown": null
      },
      {
        "bps": 21.0,
        "cagr": 0.06204056897996146,
        "sharpe": 0.8505272960746766,
        "max_drawdown": null
      },
      {
        "bps": 22.0,
        "cagr": 0.0620279102342971,
        "sharpe": 0.8503657991101405,
        "max_drawdown": null
      },
      {
        "bps": 23.0,
        "cagr": 0.062015251626936774,
        "sharpe": 0.8502043021456046,
        "max_drawdown": null
      },
      {
        "bps": 24.0,
        "cagr": 0.06200259315787893,
        "sharpe": 0.8500428051810687,
        "max_drawdown": null
      }
    ]
  },
  "noise": {
    "status": "ok",
    "n_sims": 0.0,
    "analytic": true,
    "base_sharpe": 0.8539187323299325,
    "critical_noise": null,
    "note": "Analytic Sharpe with added Gaussian variance on monthly returns, scaled by 12-month rolling vol. Not a price-path re-backtest.",
    "curve": {
      "labels": [
        "0.05",
        "0.1",
        "0.2",
        "0.3",
        "0.5",
        "0.75",
        "1.0",
        "1.5"
      ],
      "median_sharpe": [
        0.8528266577936245,
        0.8495754036616537,
        0.836932580643213,
        0.8170601137568586,
        0.7618594717847526,
        0.6800712771975517,
        0.6000604648716794,
        0.4696088532335255
      ],
      "p10_sharpe": [
        0.8524990354327322,
        0.8482724050611701,
        0.8318367351371971,
        0.8060025281849365,
        0.7342416936211986,
        0.6279170406578374,
        0.5239029846342035,
        0.35431588950460347
      ],
      "p90_sharpe": [
        0.8531542801545169,
        0.8508784022621374,
        0.8420284261492288,
        0.8281176993287808,
        0.7894772499483065,
        0.732225513737266,
        0.6762179451091553,
        0.5849018169624476
      ]
    },
    "rows": [
      {
        "level": 0.05,
        "median_sharpe": 0.8528266577936245,
        "p10_sharpe": 0.8524990354327322,
        "p90_sharpe": 0.8531542801545169
      },
      {
        "level": 0.1,
        "median_sharpe": 0.8495754036616537,
        "p10_sharpe": 0.8482724050611701,
        "p90_sharpe": 0.8508784022621374
      },
      {
        "level": 0.2,
        "median_sharpe": 0.836932580643213,
        "p10_sharpe": 0.8318367351371971,
        "p90_sharpe": 0.8420284261492288
      },
      {
        "level": 0.3,
        "median_sharpe": 0.8170601137568586,
        "p10_sharpe": 0.8060025281849365,
        "p90_sharpe": 0.8281176993287808
      },
      {
        "level": 0.5,
        "median_sharpe": 0.7618594717847526,
        "p10_sharpe": 0.7342416936211986,
        "p90_sharpe": 0.7894772499483065
      },
      {
        "level": 0.75,
        "median_sharpe": 0.6800712771975517,
        "p10_sharpe": 0.6279170406578374,
        "p90_sharpe": 0.732225513737266
      },
      {
        "level": 1.0,
        "median_sharpe": 0.6000604648716794,
        "p10_sharpe": 0.5239029846342035,
        "p90_sharpe": 0.6762179451091553
      },
      {
        "level": 1.5,
        "median_sharpe": 0.4696088532335255,
        "p10_sharpe": 0.35431588950460347,
        "p90_sharpe": 0.5849018169624476
      }
    ]
  },
  "regimes": {
    "status": "ok",
    "frac_months_beat_spy": 0.14691943127962084,
    "frac_stress_months_beat_spy": 1.0,
    "n_regimes_ok": 5.0,
    "n_regimes_beat": 2.0,
    "charts": {
      "labels": [
        "Strong bull",
        "Bull",
        "Sideways",
        "Bear",
        "Strong bear",
        "Volatility up",
        "Volatility down"
      ],
      "strategy": [
        0.004661589907086178,
        0.007495845679113026,
        -0.0036609079298935976,
        null,
        null,
        0.0068994113082849525,
        0.004758800753319601
      ],
      "spy": [
        0.014068653156763524,
        0.012337050313261657,
        -0.024940043919813106,
        null,
        null,
        0.022524725373102364,
        0.001984270091553921
      ]
    },
    "rows": [
      {
        "id": "strong_bull",
        "label": "Strong bull",
        "n_months": 97.0,
        "status": "ok",
        "strategy_mean": 0.004661589907086178,
        "spy_mean": 0.014068653156763524,
        "beats_spy": false
      },
      {
        "id": "bull",
        "label": "Bull",
        "n_months": 39.0,
        "status": "ok",
        "strategy_mean": 0.007495845679113026,
        "spy_mean": 0.012337050313261657,
        "beats_spy": false
      },
      {
        "id": "sideways",
        "label": "Sideways",
        "n_months": 9.0,
        "status": "ok",
        "strategy_mean": -0.0036609079298935976,
        "spy_mean": -0.024940043919813106,
        "beats_spy": true
      },
      {
        "id": "bear",
        "label": "Bear",
        "n_months": 2.0,
        "status": "not_estimable",
        "strategy_mean": null,
        "spy_mean": null,
        "beats_spy": null
      },
      {
        "id": "strong_bear",
        "label": "Strong bear",
        "n_months": 0.0,
        "status": "not_estimable",
        "strategy_mean": null,
        "spy_mean": null,
        "beats_spy": null
      },
      {
        "id": "vol_up",
        "label": "Volatility up",
        "n_months": 44.0,
        "status": "ok",
        "strategy_mean": 0.0068994113082849525,
        "spy_mean": 0.022524725373102364,
        "beats_spy": false
      },
      {
        "id": "vol_down",
        "label": "Volatility down",
        "n_months": 22.0,
        "status": "ok",
        "strategy_mean": 0.004758800753319601,
        "spy_mean": 0.001984270091553921,
        "beats_spy": true
      }
    ]
  },
  "histogram": {
    "status": "ok",
    "labels": [
      "-11.9%",
      "-10.6%",
      "-9.3%",
      "-8.1%",
      "-6.8%",
      "-5.6%",
      "-4.3%",
      "-3.0%",
      "-1.8%",
      "-0.5%",
      "0.7%",
      "2.0%",
      "3.3%",
      "4.5%",
      "5.8%",
      "7.0%",
      "8.3%",
      "9.6%",
      "10.8%",
      "12.1%"
    ],
    "centers": [
      -0.11857496862956343,
      -0.10598222624021,
      -0.09338948385085656,
      -0.08079674146150312,
      -0.06820399907214969,
      -0.05561125668279626,
      -0.043018514293442826,
      -0.03042577190408939,
      -0.017833029514735962,
      -0.005240287125382527,
      0.007352455263970908,
      0.019945197653324337,
      0.032537940042677765,
      0.04513068243203121,
      0.05772342482138465,
      0.07031616721073808,
      0.08290890960009151,
      0.09550165198944494,
      0.10809439437879838,
      0.12068713676815182
    ],
    "strategy": [
      0.0,
      0.0,
      0.0,
      0.0,
      1.0,
      1.0,
      7.0,
      9.0,
      18.0,
      41.0,
      65.0,
      44.0,
      19.0,
      5.0,
      1.0,
      1.0,
      1.0,
      0.0,
      0.0,
      0.0
    ],
    "spy": [
      1.0,
      1.0,
      3.0,
      4.0,
      4.0,
      9.0,
      6.0,
      10.0,
      16.0,
      18.0,
      27.0,
      36.0,
      29.0,
      15.0,
      14.0,
      8.0,
      4.0,
      4.0,
      3.0,
      1.0
    ]
  },
  "half_sample": {
    "status": "ok",
    "first": {
      "status": "ok",
      "engine": "local_monthly",
      "observations": 106.0,
      "start": "2008-11-30",
      "end": "2017-08-31",
      "total_return": 1.051173431616335,
      "cagr": 0.08472843391947849,
      "sharpe": 1.3167776821160861,
      "sortino": 1.9656471308936283,
      "volatility": 0.06347816827638074,
      "max_drawdown": -0.09402821046594201
    },
    "second": {
      "status": "ok",
      "engine": "local_monthly",
      "observations": 107.0,
      "start": "2017-09-30",
      "end": "2026-07-31",
      "total_return": 0.4253836800264017,
      "cagr": 0.040551015568558446,
      "sharpe": 0.5192390269659954,
      "sortino": 0.7617904023799116,
      "volatility": 0.08330503617131448,
      "max_drawdown": -0.19711069554541572
    },
    "sharpe_ratio_second_over_first": 0.39432550689313683
  },
  "eras": [
    {
      "id": "2000s",
      "label": "2000s",
      "n_months": 14.0,
      "cagr": 0.14548188550929475,
      "sharpe": 1.1750668079370052,
      "total_return": 0.17170854369261446
    },
    {
      "id": "2010s",
      "label": "2010s",
      "n_months": 120.0,
      "cagr": 0.07345123727093306,
      "sharpe": 1.4582874131524808,
      "total_return": 1.0315298551396834
    },
    {
      "id": "2020s",
      "label": "2020s",
      "n_months": 79.0,
      "cagr": 0.031723313803952546,
      "sharpe": 0.38401644683655856,
      "total_return": 0.22826297013504626
    }
  ],
  "events": [
    {
      "id": "dotcom",
      "label": "Dot-com bust",
      "start": "2000-03",
      "end": "2002-09",
      "status": "not_estimable",
      "reason": "strategy history does not cover this episode",
      "n_months": 0.0,
      "strategy_return": null,
      "spy_return": null
    },
    {
      "id": "gfc",
      "label": "Global Financial Crisis",
      "start": "2007-10",
      "end": "2009-03",
      "status": "ok",
      "n_months": 5.0,
      "strategy_return": 0.037548351071318375,
      "spy_return": -0.16617410752399686
    },
    {
      "id": "covid",
      "label": "COVID crash",
      "start": "2020-02",
      "end": "2020-03",
      "status": "ok",
      "n_months": 2.0,
      "strategy_return": -0.04942895942340786,
      "spy_return": -0.19415148071011146
    },
    {
      "id": "inflation_2022",
      "label": "2022 inflation shock",
      "start": "2022-01",
      "end": "2022-09",
      "status": "ok",
      "n_months": 9.0,
      "strategy_return": -0.1971106955454156,
      "spy_return": -0.23927178828328322
    }
  ],
  "rolling_sharpe_std": 1.1085081758496633,
  "avg_daily_turnover": 0.0004752598144642639,
  "swr": 0.044452165594039625,
  "grade": {
    "score": 32.53097366728748,
    "letter": "F",
    "factor_letters": {
      "edge": "F",
      "bootstrap": "F",
      "persistence": "F",
      "stability": "F",
      "cost": "A",
      "regimes": "F"
    },
    "factor_scores": {
      "edge": 16.1,
      "bootstrap": 12.0,
      "persistence": 0.0,
      "stability": 26.743585420546758,
      "cost": 96.0,
      "regimes": 56.480000000000004
    },
    "weights": {
      "edge": 0.2,
      "bootstrap": 0.18,
      "persistence": 0.16,
      "stability": 0.16,
      "cost": 0.15,
      "regimes": 0.15
    },
    "missing_weight": 0.0
  },
  "factor_scores": {
    "edge": 16.1,
    "bootstrap": 12.0,
    "persistence": 0.0,
    "stability": 26.743585420546758,
    "cost": 96.0,
    "regimes": 56.480000000000004
  },
  "links": {
    "strategy_page": "strategies/us-erc-daily.html",
    "tearsheet": "tearsheets/strategies/us-erc-daily.html",
    "payload": "site-data/strategies/us-erc-daily.json",
    "research_payload": "site-data/strategy-research/us-erc-daily.json",
    "index": "strategy-research.html"
  },
  "charts": {
    "equity": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        1.0183214186433176,
        1.105133920200365,
        1.0521857981575693,
        1.0012201553587134,
        1.0375483510713184,
        1.068667194458332,
        1.0764746421723783,
        1.080840298751782,
        1.120190051517549,
        1.1462752440653832,
        1.1702992889842794,
        1.1616557545369377,
        1.195618138470393,
        1.1717085436926145,
        1.1789807075115724,
        1.1927849963735957,
        1.2073718955610582,
        1.2333446787730613,
        1.2279924975806307,
        1.2453329223712468,
        1.2795096124933594,
        1.302349243619571,
        1.3245505893639105,
        1.3349673002077767,
        1.3210678033216632,
        1.3126681387062789,
        1.3203022881247455,
        1.334586836374933,
        1.3302193136397844,
        1.3632926514844568,
        1.3842189906907305,
        1.371369029560701,
        1.400180879964927,
        1.4182699780238877,
        1.4103652325948253,
        1.449240216883694,
        1.4300129453283879,
        1.4689025122233705,
        1.5029353017842582,
        1.5150162756215217,
        1.5099437428156246,
        1.5329460271990334,
        1.5330777417018742,
        1.5535169572563043,
        1.5894574408285431,
        1.593909838722297,
        1.6020464301869028,
        1.6037655903363597,
        1.6051730496144645,
        1.6058574742111136,
        1.606591262109966,
        1.6250937543545836,
        1.6392779199763734,
        1.6786105076636098,
        1.6323859180647768,
        1.589943292742012,
        1.6082284012052595,
        1.5740222943030282,
        1.602100886557043,
        1.6371682628447433,
        1.6282656484031979,
        1.6241985608837883,
        1.653319300196527,
        1.6828676831548024,
        1.6825006019476672,
        1.7039488973598376,
        1.7353349923637826,
        1.7413589068074913,
        1.734863515150769,
        1.7759904934735762,
        1.7413359335744407,
        1.7870179936347623,
        1.8132076764687335,
        1.8182554492572938,
        1.8783263118276108,
        1.859587795851715,
        1.8663448292746943,
        1.8419928630793123,
        1.8350108365110156,
        1.7944809311538512,
        1.8305223966764803,
        1.790316047872882,
        1.8084221746370845,
        1.8465044765698173,
        1.842598909165368,
        1.8325331626432737,
        1.8310003372818566,
        1.846905059395457,
        1.9154161899547422,
        1.9206179628193598,
        1.9274251527690656,
        1.9890290704901972,
        2.022347750053829,
        2.0069789945106224,
        2.0017085761703624,
        1.9597973707402787,
        1.9136818684845738,
        1.9365518765849004,
        1.9438201787389524,
        1.9785175011895022,
        1.9711943105027407,
        1.991284246922552,
        2.009495506196425,
        2.0173491120653493,
        2.035338999275685,
        2.051173431616335,
        2.046556023063122,
        2.0512138412962626,
        2.064862418120986,
        2.0791231451769243,
        2.060472707508434,
        2.0055101510419835,
        2.0199010515976035,
        2.0025332536625124,
        2.0296075245695944,
        2.039342014362253,
        2.057646119989715,
        2.0808104334380646,
        2.0658400783961435,
        2.020218453175265,
        2.043842526219122,
        2.0346921223955894,
        2.114643966745543,
        2.119693437138316,
        2.1799988599457394,
        2.1908633105833983,
        2.210528272207037,
        2.2720591189999264,
        2.2838079004839806,
        2.356580227600917,
        2.3507094354403417,
        2.3666604846182198,
        2.372193839618682,
        2.3803608880337865,
        2.4364144956580356,
        2.4264870041104905,
        2.315985062413552,
        2.415031917146982,
        2.4557814279243226,
        2.4850417630122403,
        2.545009294720829,
        2.5436988779398932,
        2.5263600344148696,
        2.4903858932397918,
        2.578196129115046,
        2.595563262752721,
        2.565867515085873,
        2.5374734265172796,
        2.5251729521775106,
        2.5825663443973665,
        2.597010499863843,
        2.640663019348655,
        2.6979593449413355,
        2.7066437474972913,
        2.6416704028121583,
        2.6829774117235696,
        2.6879197265041577,
        2.725194475884087,
        2.626419619477816,
        2.5876071998315338,
        2.547913107561638,
        2.4080763177958127,
        2.4168620547379436,
        2.335162049019996,
        2.4496380874294545,
        2.3447126278222186,
        2.1880294972460503,
        2.20312070455008,
        2.31512850016344,
        2.2566062818701784,
        2.375256216748112,
        2.286749076211588,
        2.358514913325308,
        2.3782206041030873,
        2.340933356948966,
        2.3782395471835702,
        2.392433871628888,
        2.3586005955730642,
        2.260862150455179,
        2.2076726991670026,
        2.37163195631889,
        2.493093899358073,
        2.4780372918902156,
        2.4742770557103144,
        2.514683725262734,
        2.4129979464775775,
        2.4836937313369765,
        2.5219057880380467,
        2.6045048394687735,
        2.6644854775693796,
        2.7176210934429035,
        2.6399212920773,
        2.709722257156384,
        2.618839836823937,
        2.649067840840199,
        2.703788984831576,
        2.665894285995386,
        2.6629978346945005,
        2.685180367319067,
        2.7448727110998408,
        2.749683404234518,
        2.7993252324836373,
        2.840236865567631,
        2.8505696536880936,
        2.8807247039962545,
        2.8569726988961137,
        2.87612076931638,
        2.9329850296966025,
        2.8375747892097434,
        2.920632451827046,
        2.95037617864376,
        2.957165208369146,
        2.923709134329673
      ]
    },
    "drawdown": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        0.0,
        0.0,
        -0.04791104596010942,
        -0.09402821046594201,
        -0.0611559991903905,
        -0.032997562626094656,
        -0.02593285528942102,
        -0.02198251361624881,
        0.0,
        0.0,
        0.0,
        -0.007385746986861341,
        0.0,
        -0.019997684886553402,
        -0.013915338370581787,
        -0.0023696044795890048,
        0.0,
        0.0,
        -0.004339566452546739,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.01041186318492604,
        -0.01670390091055196,
        -0.010985296853899484,
        -0.00028499861590958186,
        -0.0035566313626208546,
        0.0,
        0.0,
        -0.009283185114818626,
        0.0,
        0.0,
        -0.005573512484609133,
        0.0,
        -0.013267139105931358,
        0.0,
        0.0,
        0.0,
        -0.00334817050319558,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.02753741227509121,
        -0.05282179190276248,
        -0.04192878939874645,
        -0.0623064212234401,
        -0.0455791386728881,
        -0.024688422138229194,
        -0.02999198386437174,
        -0.03241487321293801,
        -0.015066751549342228,
        0.0,
        -0.00021812838335999452,
        0.0,
        0.0,
        0.0,
        -0.0037300705967792114,
        0.0,
        -0.019512807093553852,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.009976177119971896,
        -0.00637880781282274,
        -0.019343523284272135,
        -0.023060676435102123,
        -0.0446383464607798,
        -0.02545027179256054,
        -0.046855683914204915,
        -0.037216183764422484,
        -0.016941590530577644,
        -0.019020871100655534,
        -0.02437976239590678,
        -0.025195821539499175,
        -0.01672832469752339,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.00759946232926445,
        -0.010205551385965905,
        -0.030929586324550562,
        -0.05373254009670836,
        -0.042423897406687394,
        -0.03882990514998552,
        -0.021672953557646202,
        -0.025294086810602634,
        -0.015360119509837178,
        -0.006355110715781764,
        -0.0024717005215086907,
        0.0,
        0.0,
        -0.0022511058704454134,
        0.0,
        0.0,
        0.0,
        -0.008970338150366408,
        -0.03540578839964603,
        -0.02848416829792033,
        -0.03683759266115738,
        -0.023815626660784628,
        -0.01913360971761291,
        -0.010329847578788631,
        0.0,
        -0.007194482880973463,
        -0.029119413901959823,
        -0.01776611008137885,
        -0.022163629277019314,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.002491233734296383,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.004074631621687086,
        -0.04942895942340775,
        -0.008776248273501874,
        0.0,
        0.0,
        0.0,
        -0.0005148966581983716,
        -0.007327776894427873,
        -0.021462947736318183,
        0.0,
        0.0,
        -0.011440964700415113,
        -0.02238043551819824,
        -0.02711947405996118,
        -0.005007359497595454,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.02400513357002043,
        -0.008743794153037276,
        -0.006917800323905543,
        0.0,
        -0.03624506701461261,
        -0.05048714037478674,
        -0.06505274023239627,
        -0.11636533131654658,
        -0.11314143774862762,
        -0.14312095166623273,
        -0.10111439418107526,
        -0.13961640221600524,
        -0.1971106955454156,
        -0.19157303302717132,
        -0.15047218807663854,
        -0.1719466989092192,
        -0.12840854560386938,
        -0.1608859123825509,
        -0.13455170476955547,
        -0.12732077466450786,
        -0.14100319163844688,
        -0.12731382357142063,
        -0.12210526888993745,
        -0.13452026398669958,
        -0.17038502372505826,
        -0.1899026954944908,
        -0.1297384545191025,
        -0.08516844525406497,
        -0.09069341149082233,
        -0.09207321620317455,
        -0.07724613875604625,
        -0.11455935793544758,
        -0.08861780202631764,
        -0.07459602962100198,
        -0.04428661421536173,
        -0.022276941646526938,
        -0.0027790245827232773,
        -0.03129067835759625,
        -0.005677473246265663,
        -0.03902644013163392,
        -0.02793438623098321,
        -0.007854665508070457,
        -0.02175998462255191,
        -0.022822826678969066,
        -0.014683028649556729,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        0.0,
        -0.008245149238728433,
        -0.0015981862735746644,
        0.0,
        -0.03253008096557819,
        -0.004211606177490279,
        0.0,
        0.0,
        -0.011313562713638259
      ]
    },
    "rolling_sharpe": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        null,
        null,
        null,
        null,
        null,
        null,
        null,
        null,
        null,
        null,
        null,
        1.2440882364996566,
        1.320125892617172,
        0.6046175459182994,
        1.3371110189938162,
        2.9084430483630435,
        2.7219497662698573,
        2.6767816687478443,
        2.3616095892712634,
        2.561027232201858,
        2.5683834865444157,
        2.517080416467569,
        2.474680323590482,
        2.9929174885223033,
        2.1227981106975022,
        2.859257847969208,
        2.846868770044814,
        2.827738256872604,
        2.3377860255552547,
        2.3462745948240324,
        2.931498314502258,
        2.1586814869893733,
        2.1399457605926306,
        2.073879431837273,
        1.5195231360298735,
        1.7561872649130021,
        1.6540092792804568,
        2.263615843070524,
        2.528829384422057,
        2.471432223300846,
        2.468927148469342,
        2.3752969399396906,
        2.0494931585271425,
        2.700677813958028,
        2.7133836177696176,
        2.4703886320768462,
        2.8500388331203204,
        2.430567568327568,
        3.227758605108848,
        2.8390398189668242,
        2.4668627137473362,
        2.542662445031117,
        3.1848530733818206,
        3.0317446626569757,
        1.3850369004428076,
        0.4495131493295336,
        0.25433430869945456,
        -0.200598135208305,
        0.02748938403672465,
        0.35975820595366115,
        0.256656293425668,
        0.20967105023116725,
        0.47116300890003454,
        0.5581008751898642,
        0.4246437461434495,
        0.26715070694028414,
        1.1144765980645797,
        2.0459168863585235,
        1.6655433212933972,
        3.2102601002155993,
        1.7988450957109858,
        1.8265331850838413,
        2.3183578443986126,
        2.4907732237394575,
        2.532668751934599,
        1.8683302269611388,
        1.9584956701909002,
        1.37806121998052,
        1.0056476948210087,
        0.5049948733743809,
        0.8570364658994931,
        0.15128565473243805,
        0.6292601078217848,
        0.5638848429949267,
        0.29576273930654046,
        0.1572275368387075,
        -0.49762194534160775,
        -0.11626371623340828,
        0.44713979096915923,
        0.7282732067254126,
        0.858924010565249,
        1.8203610433254065,
        1.7817702351758622,
        2.317847190666009,
        2.0040055015927214,
        1.0694232813203177,
        0.6233936151568013,
        0.8997576922525514,
        0.9762279491681792,
        1.1000068983886497,
        0.5459355111655738,
        0.6748587558158897,
        0.7708675737966009,
        0.3236338126933974,
        0.16414804794979085,
        0.5139907264381413,
        0.5229567880669256,
        1.270175888551517,
        3.6644597587657795,
        3.573378089615659,
        2.3529255721113995,
        0.38651852727584607,
        0.682358897746594,
        0.16938913218196405,
        0.2775055753530367,
        0.2999826489446866,
        0.3013863022012182,
        0.38364491815383506,
        0.2527218535888572,
        -0.30905593058253145,
        -0.19459212187211272,
        -0.44153056160595366,
        0.4528182653248466,
        1.0831381460475364,
        1.3559157946777496,
        1.6592130903713296,
        1.5867521934795972,
        1.883324359860571,
        1.8139697096999174,
        2.01500965729437,
        2.133222935168643,
        3.173107348358425,
        2.9194046948530885,
        3.2148920351517063,
        3.3769634538470434,
        3.077381910761192,
        0.9166645275689383,
        1.2876920226352444,
        1.380579839344392,
        1.2180560150814304,
        1.4362180678872347,
        1.0688670244747813,
        1.0009968056094098,
        0.6944179639106738,
        1.0414557860823968,
        1.0822690470825638,
        0.6617541329399184,
        0.570309551931711,
        1.3442142430449202,
        1.2119578489514575,
        1.0370127005095982,
        1.1074528981650547,
        1.0804736088263711,
        1.153642475489291,
        0.7541749151174542,
        1.2892228367378737,
        0.8556402041159286,
        0.9785881402809816,
        0.39526403265402943,
        0.3322405297436748,
        0.16514995091506537,
        -0.8082459184178887,
        -0.8345268445488015,
        -1.4428741808398826,
        -0.9444979706770077,
        -1.34681629165675,
        -1.5561713266715334,
        -1.6631306568761224,
        -1.0689612949828624,
        -1.3934953476405836,
        -0.6358224860651746,
        -0.7771277380660622,
        -0.44036769000786335,
        -0.023157096452198597,
        -0.15897944877258685,
        0.19573784054770085,
        -0.12322199010889537,
        0.10462805452135825,
        0.35139517007722154,
        0.06927716609996631,
        0.24962087828860605,
        0.83095070799994,
        0.405230567648531,
        0.7524088348218382,
        0.6332541035076947,
        0.17549692203628378,
        0.5464891001067221,
        0.5421469371201866,
        0.7453688760876918,
        1.0595761674600006,
        1.7652513026542611,
        1.685384373023079,
        1.5141377848493536,
        0.5887694180009689,
        0.7883685787215354,
        1.027346106254407,
        0.677003016051739,
        1.2990464144015004,
        1.0774436022010696,
        1.1508188532996824,
        0.798052650910383,
        0.7408895843644681,
        0.675278913834992,
        1.3335585201368276,
        1.138424547138968,
        2.2444369115468943,
        2.1356617088749923,
        2.131069937700732,
        1.2329581785573966,
        1.670979562744436,
        1.7024360999148345,
        1.3986680575407382,
        1.1036380765474045
      ]
    },
    "yearly": {
      "labels": [
        "2008",
        "2009",
        "2010",
        "2011",
        "2012",
        "2013",
        "2014",
        "2015",
        "2016",
        "2017",
        "2018",
        "2019",
        "2020",
        "2021",
        "2022",
        "2023",
        "2024",
        "2025",
        "2026"
      ],
      "values": [
        0.10513392020036494,
        0.06024122712673541,
        0.1203026091876338,
        0.11902046595803784,
        0.093236250090174,
        0.01142136644578895,
        0.11947854963491111,
        0.007852424361940669,
        0.05676225460039608,
        0.0736211977153165,
        -0.021370077517729014,
        0.16988750378175932,
        0.09040745703761544,
        0.04994338415542465,
        -0.17194669890921932,
        0.1047979079859267,
        0.05043770613623577,
        0.09093067041510183,
        0.02335914356456592
      ]
    },
    "spy_equity": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        0.9303936015625408,
        0.9395080601180965,
        0.8623609821287004,
        0.7697010407936757,
        0.8338258924760031,
        0.9166628915717226,
        0.970244774252226,
        0.96960936043503,
        1.0419480927349167,
        1.0804376177176238,
        1.1187465915248533,
        1.0972383510733752,
        1.1648353826291034,
        1.1870853203400369,
        1.143943716819093,
        1.1796286003516059,
        1.2514437560220018,
        1.2708035681616618,
        1.1698327734577134,
        1.1093041352970792,
        1.1850705086098297,
        1.1317658776137447,
        1.2331204252383097,
        1.2802283830803725,
        1.2802283830803725,
        1.365814213929403,
        1.39763826430427,
        1.446187909125914,
        1.4463622531741283,
        1.4882508881636827,
        1.4715605763350326,
        1.4467356608826396,
        1.4177943310851184,
        1.3398504539696858,
        1.246837087520058,
        1.3829255214422482,
        1.377305893329755,
        1.3916963011619736,
        1.4562353969163857,
        1.519443880600135,
        1.5683155337606733,
        1.557845961316311,
        1.4642880011220736,
        1.523710790557151,
        1.5417355258503975,
        1.5803596474874413,
        1.6204229514737671,
        1.590934523301337,
        1.5999387781237306,
        1.6142332477257948,
        1.6968669906278901,
        1.718516034860968,
        1.7837709103960877,
        1.8180414400883709,
        1.8609638340096548,
        1.8361305334906082,
        1.931016165537331,
        1.873101054645369,
        1.9323771598624924,
        2.0218597598691135,
        2.0817824952912938,
        2.135756189268159,
        2.0604741896758694,
        2.154258002184908,
        2.1721295194420285,
        2.1872291732367826,
        2.237986486321668,
        2.284189945934831,
        2.2534958105157865,
        2.3424260850929612,
        2.3101093848279497,
        2.364514964185963,
        2.4294724420973015,
        2.4233093092098943,
        2.351509181321293,
        2.4836743841222972,
        2.444666182873728,
        2.4687073668364277,
        2.5004458241932452,
        2.4496560598114403,
        2.504991619289223,
        2.3523124053685316,
        2.29229079149802,
        2.487273211171259,
        2.496363712393519,
        2.45322091100591,
        2.3310831589529846,
        2.3291578605317294,
        2.485830544118952,
        2.4956284400552655,
        2.53808235921364,
        2.5469049738908605,
        2.6397932177225,
        2.6429549323357766,
        2.643107823680994,
        2.597284414491484,
        2.6929639054460663,
        2.7475559164159113,
        2.7967222447759927,
        2.9066090877570168,
        2.9102423262483494,
        2.9391307321186804,
        2.9806095878119008,
        2.9996105844369656,
        3.0612649994685803,
        3.070196946703207,
        3.1320606617102547,
        3.205863840456354,
        3.3038543428982594,
        3.343923200630031,
        3.5323831274164204,
        3.4039445967066038,
        3.310641019833184,
        3.3277511294793642,
        3.4086458966750666,
        3.4282488757476823,
        3.5552527977809363,
        3.668734547520019,
        3.690549659631627,
        3.4355162239061032,
        3.499242730473897,
        3.1911392278246518,
        3.4466400493433897,
        3.558365290963986,
        3.6227741459428424,
        3.7707718791435245,
        3.5303068977953975,
        3.775968878117279,
        3.833059638949914,
        3.7688801209888836,
        3.842214824972073,
        3.9271448782706058,
        4.0693007246439885,
        4.187536698278725,
        4.185845310548016,
        3.8544700899227564,
        3.3731572454816425,
        3.8014925854231336,
        3.982616123372421,
        4.053244955456779,
        4.291949726189454,
        4.59151396407619,
        4.419590913288387,
        4.3093941495320855,
        4.778157707204792,
        4.955179749693776,
        4.904683789335758,
        5.041061126918105,
        5.269921611605449,
        5.548755786784954,
        5.585190099261759,
        5.710452105370442,
        5.849857649881425,
        6.023949057126471,
        5.743200037634784,
        6.146163254852004,
        6.096779785934684,
        6.378741482079035,
        6.042319104710091,
        5.863967212429231,
        6.084397329323594,
        5.550374866927896,
        5.562903245478155,
        5.104183473098957,
        5.574215027084847,
        5.346776301231661,
        4.8524886006652235,
        5.246877706089687,
        5.538559981321986,
        5.21938209245962,
        5.547615853307936,
        5.408132774154649,
        5.608654782667778,
        5.698253031256037,
        5.724557312039469,
        6.095507433742722,
        6.29503325277861,
        6.192726292258553,
        5.898978459308246,
        5.770919107846327,
        6.298057103828463,
        6.585596938339917,
        6.690481707922641,
        7.039637625732436,
        7.269847126078293,
        6.976729588787615,
        7.329609347367389,
        7.588199575911637,
        7.680086838799375,
        7.859536848120955,
        8.0246211692224,
        7.953014006763802,
        8.427280346100698,
        8.224519415894074,
        8.445399059478648,
        8.338186943863171,
        7.873588913068851,
        7.805324451986886,
        8.29584780211068,
        8.722141106079583,
        8.923024652531545,
        9.106122274744436,
        9.430484530532093,
        9.655284465019674,
        9.674111444287433,
        9.681826576784553,
        9.824515582720744,
        9.739611664694898,
        9.258673861416838,
        10.231322427374426,
        10.769753474684496,
        10.65890507146254,
        10.547001674399796
      ]
    },
    "catalog_ex_equity": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        1.033799275851606,
        1.0887617767775937,
        1.0361028528038798,
        1.0080289955868895,
        1.0377719904591052,
        1.0479349335647519,
        1.075651785296854,
        1.0714711148553429,
        1.126910193900202,
        1.1536721314634766,
        1.1988968153776263,
        1.1782339010154195,
        1.2431557224036567,
        1.2516894906107432,
        1.210736885015151,
        1.2393288027608607,
        1.2987313402748801,
        1.3275972784086367,
        1.2597024076878194,
        1.2500691204243417,
        1.278660092031082,
        1.2779850125264942,
        1.3181921688691445,
        1.3574754081747364,
        1.3485215584895605,
        1.4085807685307692,
        1.4231766224615454,
        1.4678711428098803,
        1.4686348455938125,
        1.5193895869682046,
        1.5039675231132101,
        1.4751188504920267,
        1.4856651677156838,
        1.4862420179718379,
        1.4692345653673342,
        1.5068711049367591,
        1.5056814394925322,
        1.5142681238252933,
        1.5660333993093278,
        1.6007648440334117,
        1.6252391132884196,
        1.6255892430917394,
        1.578833971324616,
        1.60564027672343,
        1.6303156967494588,
        1.6553248145530643,
        1.675867189331834,
        1.6461081248286966,
        1.6558206850353208,
        1.6706006158590705,
        1.7162815091366104,
        1.7242663391615338,
        1.769301390965943,
        1.8084265843771066,
        1.7925678303976131,
        1.7584326205700744,
        1.8203198960093896,
        1.7866487647124387,
        1.8375246159443392,
        1.8965160363546245,
        1.924961059344446,
        1.9541849834157834,
        1.9184684037829935,
        1.9869569052712144,
        1.9819318365807521,
        1.9956791609281594,
        2.0377526893860494,
        2.074932992585524,
        2.053324728439157,
        2.1211763602863933,
        2.074088138551923,
        2.116076477281645,
        2.1673733750482875,
        2.167449610629747,
        2.193004066663149,
        2.2267660384966006,
        2.2100642450060737,
        2.212162251071886,
        2.2253141236973626,
        2.1809231937674385,
        2.2147892488426266,
        2.129350723622395,
        2.124058705198699,
        2.172185715980404,
        2.1679021019203515,
        2.1410375260739736,
        2.1139716383245353,
        2.140946214143864,
        2.187566409256683,
        2.189248804261974,
        2.1986981004820394,
        2.2407984949099684,
        2.2996119767050454,
        2.2885434926785218,
        2.297435566335594,
        2.2485152971785913,
        2.253695181888941,
        2.2863327370506066,
        2.327799917169231,
        2.3947399288351763,
        2.4022186826007625,
        2.4331929212143306,
        2.4744915249977923,
        2.472196687931694,
        2.5232794069531543,
        2.5472635787354636,
        2.5655112384875487,
        2.6183842355468747,
        2.664066246847016,
        2.6953254911973734,
        2.8231274600414875,
        2.7296807227198294,
        2.704243635083905,
        2.7090978518174365,
        2.750387984660437,
        2.756053056255239,
        2.7991441647563926,
        2.8678749816982356,
        2.86095982024233,
        2.718207076734722,
        2.7414831317699835,
        2.67399123349084,
        2.7455073897057773,
        2.761912365044624,
        2.817722368446736,
        2.8821111388260636,
        2.78614898919911,
        2.888049964927474,
        2.9145782478943993,
        2.9650757406328703,
        2.966278748666808,
        3.0102287322164476,
        3.054741115310172,
        3.1195817023050445,
        3.145568285954138,
        3.0285983445970297,
        2.9508521421316707,
        3.067437799187833,
        3.1109610779227173,
        3.163725240121295,
        3.3235250006102386,
        3.4574547954853627,
        3.355460661125484,
        3.28815776489235,
        3.5312360096911424,
        3.6760115436881122,
        3.660153302341619,
        3.726531977912121,
        3.7961222829774255,
        3.9496908043704617,
        3.9892082271138034,
        4.055746022984292,
        4.124116188434942,
        4.201896410439361,
        4.044748704104809,
        4.240515737381116,
        4.197881774025682,
        4.306114890016938,
        4.14891428767936,
        4.11350181145635,
        4.165707671951798,
        3.9893568172300795,
        3.988798824305557,
        3.8801203557902326,
        3.974881053431124,
        3.8886349097492285,
        3.7408082570152446,
        3.8109392576220893,
        3.920983033688953,
        3.8290618229364934,
        3.97545978079915,
        3.857830429430752,
        3.965748535129641,
        4.008953294225639,
        4.008746381002733,
        4.135992119852179,
        4.234741667504425,
        4.1628908791027595,
        4.01936796840762,
        3.9624962857854094,
        4.149143506333784,
        4.319617367450085,
        4.325110651336262,
        4.451396456960714,
        4.579904302584595,
        4.4270060232331625,
        4.575545694081358,
        4.683784404670425,
        4.753586277147639,
        4.833162860265995,
        4.941136754765135,
        4.860429918520426,
        5.036791187133678,
        4.895938399912309,
        5.003535310711199,
        4.988988974223371,
        4.882348813879241,
        4.891708270655223,
        4.974071190093896,
        5.135924709063922,
        5.170091148341468,
        5.281684529526392,
        5.491857163814709,
        5.61025211775068,
        5.633518438058742,
        5.648815351472816,
        5.848826800789235,
        5.997092328049819,
        5.708426306074471,
        5.961939505390217,
        6.156037824446611,
        6.0765286125719,
        5.993665200731601
      ]
    },
    "mix_equity": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        1.032251490130777,
        1.0904436858180024,
        1.037753012173592,
        1.007419644851258,
        1.0378274723856662,
        1.0500873316818222,
        1.075850904910849,
        1.0725239176984955,
        1.126372812820867,
        1.1530699877221262,
        1.19616760442547,
        1.1767298563791249,
        1.238525218071007,
        1.2437002378450328,
        1.2078500427093737,
        1.234935643412233,
        1.2897186517653956,
        1.3182921308700997,
        1.2570429540631245,
        1.2501663638284874,
        1.279331173788918,
        1.2810069279559544,
        1.319462686901606,
        1.35588934832241,
        1.3464285655914932,
        1.3995418689792316,
        1.413407780268389,
        1.454885926303069,
        1.4550910575269451,
        1.5039668726879751,
        1.4925364708400726,
        1.4653844566884002,
        1.477892213264272,
        1.4803179682107495,
        1.4642472151920842,
        1.502041136015119,
        1.498981090153489,
        1.5107512333576523,
        1.5607320164935727,
        1.5931390560619196,
        1.614527555914178,
        1.617300145922186,
        1.5754488678243666,
        1.6016232273183852,
        1.627480886669242,
        1.6504058461273798,
        1.669681543251479,
        1.6431764161155538,
        1.652046356699706,
        1.665388414672766,
        1.706449047488266,
        1.7155594759971087,
        1.7573837313160918,
        1.7965758599441253,
        1.777449207350957,
        1.7423651947055416,
        1.7995586084333202,
        1.7657726573684405,
        1.814175828158605,
        1.8705644164649349,
        1.8947974458532173,
        1.9202135565517204,
        1.892070248171761,
        1.9562432746835583,
        1.9517479496990855,
        1.9664201753770973,
        2.0073532603424704,
        2.041013157053801,
        2.0211223227608164,
        2.086022390580976,
        2.0402749238425333,
        2.0828007981716454,
        2.1312944720466955,
        2.131955271108866,
        2.161621124109307,
        2.1894155921951564,
        2.175431659584785,
        2.174451784672947,
        2.1852624711144673,
        2.141203103677394,
        2.1754279707207362,
        2.0951216719525245,
        2.0925542909139283,
        2.1396327193274614,
        2.1353826858883473,
        2.1104007327359118,
        2.0862134739764726,
        2.111983973382455,
        2.161208974160865,
        2.1632918142108863,
        2.1724620773354197,
        2.2168438777919985,
        2.272923641267596,
        2.26135031646422,
        2.268664249339069,
        2.220437318212554,
        2.2198161441866686,
        2.2514012328548065,
        2.2889964980996527,
        2.3523241079524433,
        2.3580650904268206,
        2.3878328028907436,
        2.426492427191022,
        2.425415469953193,
        2.4726828310501086,
        2.4957594358909474,
        2.511288446727079,
        2.558439958834922,
        2.600314886318652,
        2.6295708497863926,
        2.7394277587857774,
        2.6505117917836207,
        2.6301843122269095,
        2.632171939851966,
        2.6718365538920557,
        2.678070980271834,
        2.7181593490406497,
        2.7812874325470203,
        2.7732507005028615,
        2.642587600523768,
        2.666043466887548,
        2.6057786624974493,
        2.6787405166042944,
        2.693785588411166,
        2.750439454947096,
        2.8083763284913053,
        2.7267407157424635,
        2.8240860490843764,
        2.8488930456608803,
        2.9023943899786553,
        2.902731154624878,
        2.9434084265203095,
        2.9832684856903993,
        3.0412867171743194,
        3.0712493874275504,
        2.967212254837727,
        2.885146262647252,
        3.0000757645420735,
        3.0434486192359174,
        3.093532042632459,
        3.2416260398151646,
        3.359025652902095,
        3.2675545627969687,
        3.203915993474949,
        3.428378479520821,
        3.5571905615975843,
        3.539309707458286,
        3.593161485864439,
        3.651809426977819,
        3.793066875541957,
        3.82934365051789,
        3.8932645098755243,
        3.9607800047390165,
        4.02928468472606,
        3.8839893889808836,
        4.059250278263619,
        4.023267657690397,
        4.122204896261734,
        3.971825891726429,
        3.9354455830970223,
        3.974360058606015,
        3.801122309827115,
        3.8020306308196896,
        3.6959473648301535,
        3.7953024362904344,
        3.7049312843799314,
        3.5534146079294042,
        3.6158215031614804,
        3.728173168573541,
        3.6400880468906527,
        3.78448280622247,
        3.669600308545388,
        3.773504079778166,
        3.8136562107663448,
        3.8074997692396706,
        3.9223395629077378,
        4.00896418495175,
        3.9420767723713945,
        3.80342217047596,
        3.746039611362431,
        3.9326668971989482,
        4.098229485617237,
        4.100445000323665,
        4.207576147365895,
        4.323769486263875,
        4.176372954774149,
        4.314725996968733,
        4.413226181667283,
        4.4868734572397875,
        4.564807087122164,
        4.6656911940003365,
        4.583764442898145,
        4.745574353674663,
        4.610219915003021,
        4.706727236601972,
        4.704134700176414,
        4.607045431232381,
        4.614493413621519,
        4.688263090168117,
        4.835983369601557,
        4.8657849165205365,
        4.969092034342749,
        5.154314626296074,
        5.256196075020905,
        5.281374607772577,
        5.289926686712752,
        5.462045744684184,
        5.597459543435785,
        5.336763993192078,
        5.565691841028307,
        5.734438130083297,
        5.66910008480089,
        5.59310960146846
      ]
    },
    "sixty_forty_equity": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        0.9921419613101172,
        1.0209393287813118,
        0.9561539780421717,
        0.8918991462821065,
        0.9506083079095672,
        0.9962872231954746,
        1.0229714886150267,
        1.0209855007228124,
        1.070363523248309,
        1.097806546360821,
        1.1263735827269534,
        1.1135002003844165,
        1.163710595298167,
        1.156287933137905,
        1.1419328117408605,
        1.1651930753064037,
        1.2022472376437106,
        1.221859042401756,
        1.1779256259100745,
        1.1559700435512261,
        1.2077783818937047,
        1.1912362783857169,
        1.2547163059710056,
        1.283423040451092,
        1.2791802819162574,
        1.3118026658485715,
        1.330254188729503,
        1.3569728525192637,
        1.3569355271380017,
        1.390656425245175,
        1.395285514528071,
        1.3790977808461937,
        1.3800859840858974,
        1.3630923846058338,
        1.318855476943046,
        1.3982683340521191,
        1.399928402738261,
        1.420628792551507,
        1.4650668841631873,
        1.49650693059112,
        1.5158471298301353,
        1.5252921952575775,
        1.4868494190716743,
        1.5212338486915116,
        1.5410124908917675,
        1.5635701238032085,
        1.5853488109089908,
        1.5658013352884135,
        1.5777663243222306,
        1.5805476257050666,
        1.6204329305356426,
        1.6406005605353835,
        1.6798054465874146,
        1.7099112157893177,
        1.712661883004582,
        1.681921809709146,
        1.7313083265057294,
        1.6905510215476303,
        1.7352894748212335,
        1.7889174301102488,
        1.8143842550959757,
        1.8271903434399628,
        1.8104715754066767,
        1.8625035542001367,
        1.8679166688155935,
        1.881837021654441,
        1.9219888190394663,
        1.9441272510620236,
        1.9270484624113957,
        1.9872588152397481,
        1.9627270062919593,
        2.0034701229639205,
        2.046837031135314,
        2.045632562747697,
        2.044285979334778,
        2.0918225046190564,
        2.07948995758469,
        2.0866601964362093,
        2.0995038936243215,
        2.060831585015938,
        2.1018190376921417,
        2.0264361322678592,
        2.009238136421038,
        2.1053404408460934,
        2.1066720643280292,
        2.08188371024547,
        2.0470434152653567,
        2.0591579167164507,
        2.141142234953761,
        2.1452179075135116,
        2.1665869679687413,
        2.1990248348590353,
        2.2492516847282227,
        2.2418614439381597,
        2.244435533762292,
        2.2077861570349993,
        2.2181302404322296,
        2.2441234698866808,
        2.270359427914886,
        2.330329762271757,
        2.3331070805567213,
        2.357600378387684,
        2.3856327664651444,
        2.3900169857509033,
        2.4230894735328934,
        2.4417619150430707,
        2.457078290808664,
        2.4898786730780493,
        2.532614646227799,
        2.553001090124992,
        2.6158394897072452,
        2.5508038591897924,
        2.5214550732849372,
        2.5171458231591157,
        2.5641903005905626,
        2.5753815453245923,
        2.626903004725725,
        2.6879389184143196,
        2.684588821317458,
        2.5703300023899414,
        2.613565837957855,
        2.5029169296583014,
        2.629469716708413,
        2.6748878487394863,
        2.7329321475033104,
        2.793809161384548,
        2.718935805381292,
        2.845095687137974,
        2.871534684653613,
        2.8894377982929536,
        2.9096217122718517,
        2.9510995520211276,
        3.006669624618328,
        3.047803540342573,
        3.0896393917179084,
        2.977495013511829,
        2.8189147825502987,
        3.0375566822605964,
        3.1294160706213323,
        3.166433945323937,
        3.288952164581751,
        3.411858475590909,
        3.3410328389737405,
        3.274157770012,
        3.489305146686634,
        3.563311534306027,
        3.5269534316552993,
        3.551927491236712,
        3.6137663175914003,
        3.7426905472704615,
        3.7642720297784793,
        3.83065215332148,
        3.9181539016555047,
        3.9817661870471026,
        3.8453605094508885,
        3.998641719249725,
        3.997860935837098,
        4.1009077999902654,
        3.9373927694257094,
        3.864518497913256,
        3.8894834157691713,
        3.6201030074109064,
        3.6381159287625815,
        3.4459006653723683,
        3.6773022071194026,
        3.531765352999889,
        3.2697084911422256,
        3.408878836291116,
        3.573376672171269,
        3.4289375938979947,
        3.6084006418806416,
        3.5072324875155827,
        3.6404616476201257,
        3.6881965417691958,
        3.678276121780483,
        3.8010304875685703,
        3.8652077778051734,
        3.816814198263941,
        3.660591024699429,
        3.585653041591331,
        3.8470779288404433,
        4.010967346037169,
        4.050994803108236,
        4.142241078214901,
        4.23579629978754,
        4.081089730510452,
        4.23410167249143,
        4.344345959236545,
        4.426916976101679,
        4.5151947646180925,
        4.598107055220462,
        4.511692961559346,
        4.691372723790282,
        4.582023066301356,
        4.667632088940028,
        4.6842279162827225,
        4.534745973067426,
        4.542509222451743,
        4.689986967275035,
        4.864633237601697,
        4.920134102273881,
        5.014043942927243,
        5.134044003514247,
        5.223315060918115,
        5.251212526969871,
        5.238034261086613,
        5.279800461900702,
        5.305170479551342,
        5.099525596422648,
        5.412058640408435,
        5.581007987008233,
        5.553478801329258,
        5.489872437676101
      ]
    },
    "histogram": {
      "status": "ok",
      "labels": [
        "-11.9%",
        "-10.6%",
        "-9.3%",
        "-8.1%",
        "-6.8%",
        "-5.6%",
        "-4.3%",
        "-3.0%",
        "-1.8%",
        "-0.5%",
        "0.7%",
        "2.0%",
        "3.3%",
        "4.5%",
        "5.8%",
        "7.0%",
        "8.3%",
        "9.6%",
        "10.8%",
        "12.1%"
      ],
      "centers": [
        -0.11857496862956343,
        -0.10598222624021,
        -0.09338948385085656,
        -0.08079674146150312,
        -0.06820399907214969,
        -0.05561125668279626,
        -0.043018514293442826,
        -0.03042577190408939,
        -0.017833029514735962,
        -0.005240287125382527,
        0.007352455263970908,
        0.019945197653324337,
        0.032537940042677765,
        0.04513068243203121,
        0.05772342482138465,
        0.07031616721073808,
        0.08290890960009151,
        0.09550165198944494,
        0.10809439437879838,
        0.12068713676815182
      ],
      "strategy": [
        0.0,
        0.0,
        0.0,
        0.0,
        1.0,
        1.0,
        7.0,
        9.0,
        18.0,
        41.0,
        65.0,
        44.0,
        19.0,
        5.0,
        1.0,
        1.0,
        1.0,
        0.0,
        0.0,
        0.0
      ],
      "spy": [
        1.0,
        1.0,
        3.0,
        4.0,
        4.0,
        9.0,
        6.0,
        10.0,
        16.0,
        18.0,
        27.0,
        36.0,
        29.0,
        15.0,
        14.0,
        8.0,
        4.0,
        4.0,
        3.0,
        1.0
      ]
    },
    "bootstrap_short": {
      "status": "ok",
      "horizon_months": 6.0,
      "n_paths": 400.0,
      "n_starts": 207.0,
      "p_beat_spy": 0.26,
      "median_excess": -0.04068698521626524,
      "p10_terminal": 0.9772157250795348,
      "p50_terminal": 1.0367224097755778,
      "p90_terminal": 1.0824257655146294,
      "labels": [
        "1",
        "2",
        "3",
        "4",
        "5",
        "6"
      ],
      "strategy_bands": {
        "p10": [
          0.9779161873670794,
          0.9752335296925166,
          0.9718440368623588,
          0.9736870092092461,
          0.9783474517909497,
          0.9772157250795348
        ],
        "p25": [
          0.9966518294968044,
          0.995279147613771,
          1.001633430795876,
          1.0058124999154,
          1.0090900969785568,
          1.0081957344550017
        ],
        "p50": [
          1.0067856320042763,
          1.0135613998437594,
          1.017888719810043,
          1.023711098165676,
          1.0303399414451822,
          1.0367224097755778
        ],
        "p75": [
          1.0178503005395203,
          1.026605900304843,
          1.0358958827251725,
          1.0442824214667288,
          1.0504694888087172,
          1.0617127096010472
        ],
        "p90": [
          1.0274438180410717,
          1.0412739101677881,
          1.0521857981575693,
          1.060627598957821,
          1.0719805245168659,
          1.0824257655146294
        ]
      },
      "spy_bands": {
        "p10": [
          0.952565668320023,
          0.9465221523004688,
          0.9538010137144716,
          0.9488242280040966,
          0.958231591107263,
          0.9698696402421219
        ],
        "p25": [
          0.9866556780603627,
          1.0059684076606892,
          1.0057347354745423,
          1.0171955947150455,
          1.0160830681562947,
          1.025217587264493
        ],
        "p50": [
          1.0159749979380335,
          1.029085417442877,
          1.039517151664836,
          1.0520822999573758,
          1.0666472821888378,
          1.0807283623330233
        ],
        "p75": [
          1.036198268915402,
          1.0574702612483713,
          1.0714106940200672,
          1.0894875722582407,
          1.1079629900331014,
          1.1337143469963706
        ],
        "p90": [
          1.0628489863249262,
          1.082271996878691,
          1.1116161799109054,
          1.133298595037494,
          1.1547299805691689,
          1.1840618518631745
        ]
      },
      "cdf": {
        "x": [
          -0.25883242556145736,
          -0.19287019675451644,
          -0.16185150150933333,
          -0.14619367218548818,
          -0.14022049644405388,
          -0.1345678350731787,
          -0.12118230099357064,
          -0.11600576288676348,
          -0.1067869868245614,
          -0.10240376569456755,
          -0.09617954433945908,
          -0.09316785736568978,
          -0.08771451392033303,
          -0.08306720288581632,
          -0.07756579815050801,
          -0.06613340246278385,
          -0.06065642812215821,
          -0.05674609673725062,
          -0.04879169547910733,
          -0.04435119698210599,
          -0.04068698521626524,
          -0.037988386392069806,
          -0.03383183779695258,
          -0.02855387253755337,
          -0.02526642518088562,
          -0.023390814958834938,
          -0.019558931817704295,
          -0.017188860680924067,
          -0.0128954593020885,
          -0.005524567636705613,
          0.002634858519332983,
          0.010571841609926327,
          0.01563904671767824,
          0.023167238064915767,
          0.03714130241732872,
          0.04721048848471421,
          0.05243452523842662,
          0.05669244609583768,
          0.07604628141851177,
          0.12845969623678866,
          0.15200430288660927
        ],
        "y": [
          0.0,
          0.025,
          0.05,
          0.07500000000000001,
          0.1,
          0.125,
          0.15000000000000002,
          0.17500000000000002,
          0.2,
          0.225,
          0.25,
          0.275,
          0.30000000000000004,
          0.325,
          0.35000000000000003,
          0.375,
          0.4,
          0.42500000000000004,
          0.45,
          0.47500000000000003,
          0.5,
          0.525,
          0.55,
          0.5750000000000001,
          0.6000000000000001,
          0.625,
          0.65,
          0.675,
          0.7000000000000001,
          0.7250000000000001,
          0.75,
          0.775,
          0.8,
          0.8250000000000001,
          0.8500000000000001,
          0.875,
          0.9,
          0.925,
          0.9500000000000001,
          0.9750000000000001,
          1.0
        ]
      }
    },
    "bootstrap_long": {
      "status": "ok",
      "horizon_months": 24.0,
      "n_paths": 400.0,
      "n_starts": 189.0,
      "p_beat_spy": 0.1275,
      "median_excess": -0.20787618611911318,
      "p10_terminal": 0.9391186545647273,
      "p50_terminal": 1.129867642729221,
      "p90_terminal": 1.2368978097646732,
      "labels": [
        "1",
        "2",
        "3",
        "4",
        "5",
        "6",
        "7",
        "8",
        "9",
        "10",
        "11",
        "12",
        "13",
        "14",
        "15",
        "16",
        "17",
        "18",
        "19",
        "20",
        "21",
        "22",
        "23",
        "24"
      ],
      "strategy_bands": {
        "p10": [
          0.9779158674853566,
          0.9775695892948205,
          0.9698212348854048,
          0.9670024373739052,
          0.9600995388517521,
          0.9689255122323369,
          0.9772708743064761,
          0.9654197402473254,
          0.9805935221009858,
          0.9809791288993442,
          0.9794186736922569,
          0.9875227921077322,
          0.9821562672023326,
          0.9821285373055045,
          0.9520739963026026,
          0.9389778107144543,
          0.9308896980697408,
          0.9167785434590192,
          0.9138089219480791,
          0.9308135152962697,
          0.9461954904412098,
          0.9496476338028688,
          0.95549744316072,
          0.9391186545647273
        ],
        "p25": [
          0.9954303235750999,
          0.9957957086912413,
          0.9993977043519154,
          1.0000914562170573,
          1.002929665544797,
          1.0070136720903937,
          0.9997961171605299,
          1.0019034406237564,
          1.0025749863276578,
          1.0082102127052726,
          1.017408654416464,
          1.016209523640378,
          1.0219231053457936,
          1.0296334124726425,
          1.031273510774252,
          1.0394643319145511,
          1.0424377078896427,
          1.050219625501976,
          1.056671452479492,
          1.0606113720585433,
          1.0728175761116883,
          1.0725964095910112,
          1.0601028653201245,
          1.0680158284812624
        ],
        "p50": [
          1.0062064613748056,
          1.0135643563201118,
          1.0179417951007297,
          1.0212468495967462,
          1.0316844980396374,
          1.0375466972116587,
          1.0430455725723276,
          1.0464145707575732,
          1.049519615878471,
          1.054511844709018,
          1.0544169849486213,
          1.0602412271267354,
          1.0667568787115633,
          1.0660036632568224,
          1.0657350342182914,
          1.071859164718402,
          1.0825188522000502,
          1.0909024017526567,
          1.096967047020163,
          1.1039334378858776,
          1.1091807112753034,
          1.1188618775902102,
          1.1170364019898371,
          1.129867642729221
        ],
        "p75": [
          1.0178415804878456,
          1.0274163387475597,
          1.0368645814182815,
          1.044965231692663,
          1.0494399655092088,
          1.0571069433131797,
          1.064854425221971,
          1.0700384290749283,
          1.0778910977212228,
          1.0828678329234536,
          1.0925134717846268,
          1.0943105595247675,
          1.1117040059608236,
          1.1203604282524005,
          1.132652856010658,
          1.1329083115433018,
          1.1414189517937836,
          1.157539256345203,
          1.1565551082557368,
          1.1580013803747695,
          1.1728634374035884,
          1.164288631230121,
          1.1687019522880788,
          1.1823928336705771
        ],
        "p90": [
          1.0278353584374,
          1.040000684309027,
          1.0461739186858967,
          1.066617820101087,
          1.0719805245168659,
          1.0823959621213188,
          1.0894280237832288,
          1.0985604455525666,
          1.1123328991862105,
          1.1205109342513853,
          1.125655630672044,
          1.1360941057207385,
          1.1407058970072648,
          1.1474892530152259,
          1.1565321231107473,
          1.1691619088438034,
          1.1747208203318409,
          1.184078482683997,
          1.19470617409898,
          1.1962581097460252,
          1.2140822962369535,
          1.2239698209011896,
          1.2228576654008638,
          1.2368978097646732
        ]
      },
      "spy_bands": {
        "p10": [
          0.9470353898158153,
          0.9315847526273435,
          0.9419903858724459,
          0.9467495808306982,
          0.9510165236168981,
          0.9376702666224188,
          0.9664254824064425,
          0.9686069106116524,
          0.9612210643155268,
          0.9697509076334629,
          0.995550362676808,
          0.992286688480227,
          0.9783514168304098,
          1.0041352444054765,
          1.0117229815487874,
          1.029404664161054,
          1.0178043867077635,
          1.0300702963226285,
          1.0205294717725246,
          1.0351160128013244,
          1.0740266573249484,
          1.087870760705807,
          1.1111520579672727,
          1.1150145277644636
        ],
        "p25": [
          0.9866556780603627,
          0.9910664127283727,
          1.0018761293367389,
          1.0112768440553934,
          1.0161495656667152,
          1.0286884435421337,
          1.0275913917185697,
          1.0400932284988036,
          1.0544372010975276,
          1.0587684160493955,
          1.0644721002029027,
          1.073431769776066,
          1.0857633293492082,
          1.0967521892356409,
          1.1054127646285061,
          1.1190196049260959,
          1.092887969687588,
          1.1065273273839829,
          1.1277969502588057,
          1.1125064332199264,
          1.1307921699002428,
          1.1452066302088226,
          1.1733378352288175,
          1.188307566407225
        ],
        "p50": [
          1.017011314055002,
          1.0291132110825794,
          1.04415575740414,
          1.0519879022230134,
          1.0737220437928037,
          1.0804017565271464,
          1.100816351794697,
          1.1116365087043731,
          1.1157157728662428,
          1.137617551796346,
          1.1473280299860456,
          1.1597821454017931,
          1.1823536158054535,
          1.1962146192645327,
          1.201533100272394,
          1.2168996975148605,
          1.235720658100745,
          1.254566945961368,
          1.268433032324137,
          1.2561299290598047,
          1.2767136655565179,
          1.294886013291071,
          1.2857553871158007,
          1.299402017010799
        ],
        "p75": [
          1.0362664588058657,
          1.056332507159853,
          1.0765115933500418,
          1.0892258253322957,
          1.1081644085062652,
          1.1316168209072035,
          1.1368383534381692,
          1.1557220962664563,
          1.1778280408280686,
          1.1820796096003656,
          1.2065410850246059,
          1.218270100581353,
          1.2428634788404695,
          1.2566124748276175,
          1.2726117095027332,
          1.3047337064570756,
          1.3131877369683216,
          1.3296916718089713,
          1.3447180694722123,
          1.3730157403840875,
          1.3956475229830445,
          1.4101173687366526,
          1.4264809417477962,
          1.4491684421891382
        ],
        "p90": [
          1.056204417082795,
          1.0770007914315736,
          1.107939372017953,
          1.1297689320822732,
          1.1529704718473015,
          1.179371399549717,
          1.1962435839169057,
          1.2092013156889547,
          1.2404696003860871,
          1.2525202059352953,
          1.274058555772772,
          1.3011638468645828,
          1.2862906064653572,
          1.3117083078138443,
          1.3456106931896135,
          1.3549647650475851,
          1.378548356267594,
          1.3987950769879982,
          1.4227484008589946,
          1.446231454395162,
          1.4686084456728914,
          1.4845620449109198,
          1.505031844388072,
          1.521341994003317
        ]
      },
      "cdf": {
        "x": [
          -0.7036269654273426,
          -0.4289816977932718,
          -0.4070788903553973,
          -0.3904962975938575,
          -0.3784021028396134,
          -0.3755724962134044,
          -0.368949325989143,
          -0.3594142595408776,
          -0.34349277864959893,
          -0.33289383516636084,
          -0.3180215896963895,
          -0.3012683349293622,
          -0.29078163649389155,
          -0.2772553574653829,
          -0.2707276503146758,
          -0.25538140404494525,
          -0.24271804087655957,
          -0.2315917564338737,
          -0.2256356317283211,
          -0.2195013831162953,
          -0.20787618611911318,
          -0.20537259619526238,
          -0.18934341712204794,
          -0.17162500569984696,
          -0.15901720684169462,
          -0.1424061697892746,
          -0.13255993789439935,
          -0.12355757872476747,
          -0.11076867965779824,
          -0.10606754951698749,
          -0.0940426703377894,
          -0.07811984646647052,
          -0.058475072486136204,
          -0.028158479418999856,
          -0.019287628609682517,
          0.0017636758258596785,
          0.005376305529295244,
          0.025516284897193903,
          0.029971155966488923,
          0.06397579296912319,
          0.12770000303085483
        ],
        "y": [
          0.0,
          0.025,
          0.05,
          0.07500000000000001,
          0.1,
          0.125,
          0.15000000000000002,
          0.17500000000000002,
          0.2,
          0.225,
          0.25,
          0.275,
          0.30000000000000004,
          0.325,
          0.35000000000000003,
          0.375,
          0.4,
          0.42500000000000004,
          0.45,
          0.47500000000000003,
          0.5,
          0.525,
          0.55,
          0.5750000000000001,
          0.6000000000000001,
          0.625,
          0.65,
          0.675,
          0.7000000000000001,
          0.7250000000000001,
          0.75,
          0.775,
          0.8,
          0.8250000000000001,
          0.8500000000000001,
          0.875,
          0.9,
          0.925,
          0.9500000000000001,
          0.9750000000000001,
          1.0
        ]
      }
    },
    "relative_wealth": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        1.0945060423170443,
        1.1762899831444227,
        1.2201222225526653,
        1.3007909594695457,
        1.2443225383543461,
        1.165823558785041,
        1.109487699124197,
        1.1147172695061922,
        1.0750919929007805,
        1.0609360737428213,
        1.0460807638208396,
        1.0587086692700325,
        1.0264267005452832,
        0.9870466120809094,
        1.0306282469822075,
        1.011152998509928,
        0.9647831872196669,
        0.9705234622194299,
        1.04971627179756,
        1.1226253312737704,
        1.079690704643653,
        1.1507231922961754,
        1.0741453650870565,
        1.0427571500919985,
        1.0319001053101373,
        0.961088356907471,
        0.9446666722322306,
        0.9228308630941096,
        0.9196999650125954,
        0.9160368472325194,
        0.9406469655079854,
        0.9479057347104045,
        0.9875768644760267,
        1.0585285647527765,
        1.1311543799198518,
        1.0479524706234984,
        1.038268225129865,
        1.0554763356034897,
        1.0320689257840874,
        0.9970860358614466,
        0.9627805822945089,
        0.984016433758163,
        1.0469782860523937,
        1.019561564362391,
        1.0309533731161984,
        1.0085741187181023,
        0.9886594291507962,
        1.0080651132067944,
        1.0032715448630305,
        0.994811299094179,
        0.9467985829080691,
        0.9456378185531783,
        0.9189957692562497,
        0.92330706586205,
        0.8771722954699332,
        0.8659206215145404,
        0.8328404649878984,
        0.8403296183083059,
        0.8290829139540483,
        0.8097338377963101,
        0.7821497452717137,
        0.760479388539353,
        0.8023974813567593,
        0.781182050361652,
        0.7745857633663871,
        0.7790445181554706,
        0.775400121032885,
        0.7623529338733781,
        0.7698543334561108,
        0.7581842196754287,
        0.7537893854771428,
        0.7557651445229839,
        0.7463380300389156,
        0.7503191781366636,
        0.7987748152325712,
        0.7487244736023931,
        0.763435450757857,
        0.7461365765030991,
        0.7338734631865386,
        0.7325440336681304,
        0.7307499085349757,
        0.7610877040766177,
        0.78891481889838,
        0.74238104132529,
        0.7381131603610278,
        0.7469906825031375,
        0.7854719083056041,
        0.7929497140111501,
        0.7705336932504461,
        0.7695929137499442,
        0.7594021312083147,
        0.7809592783713456,
        0.7661008205023815,
        0.759369359634485,
        0.7573314104842798,
        0.7545563203650851,
        0.7106229179731945,
        0.7048271028860672,
        0.6950351191899091,
        0.6806961106408335,
        0.6773299572767351,
        0.6775078852947549,
        0.6741894391045082,
        0.6725370028136538,
        0.6648686081175623,
        0.6680918088394607,
        0.6534215789887047,
        0.6398318654120608,
        0.6249859115488774,
        0.6217616316024229,
        0.5833095202828297,
        0.5891723834113991,
        0.6101238519963067,
        0.6017677331465031,
        0.5954292660758213,
        0.5948640510871557,
        0.5787622532141808,
        0.5671738869318428,
        0.5597648775717452,
        0.5880392702318032,
        0.5840813809284753,
        0.6376068159779434,
        0.6135378039109126,
        0.595693039868899,
        0.6017484866913737,
        0.581011893798524,
        0.6261575370649689,
        0.6017155311229124,
        0.5958185146082521,
        0.625273331055856,
        0.6118110367390578,
        0.6026415011356608,
        0.5829487669103685,
        0.56843940950111,
        0.5820603282969998,
        0.6295254464302037,
        0.6865926767914017,
        0.6352851841425258,
        0.6166251910427166,
        0.6130993291354604,
        0.5929727646135265,
        0.5540000308921381,
        0.5716275745836252,
        0.5778969866356267,
        0.5395795382030794,
        0.5238080945324182,
        0.523146368918794,
        0.5033609715557219,
        0.479167080325552,
        0.46543161091141666,
        0.46498157693989883,
        0.4624262616378871,
        0.46120085417737,
        0.44931385073638186,
        0.45996489509358524,
        0.43652882301906476,
        0.4408753179350857,
        0.42723074505221353,
        0.4346707901326292,
        0.441272453629491,
        0.4187617884982687,
        0.4338583204792923,
        0.43446055918777793,
        0.4574996297306343,
        0.43945884317823747,
        0.4385282824123576,
        0.4509087351480012,
        0.41989175810083595,
        0.4180018827946046,
        0.43235123275038073,
        0.4281580195088297,
        0.4228352319935474,
        0.42051347510524995,
        0.4173595996980268,
        0.40892827678145294,
        0.3901626850651382,
        0.38005103000415047,
        0.380866275088166,
        0.38326333382141264,
        0.38255131598801656,
        0.37656564829766664,
        0.3785676412784726,
        0.37038249263215356,
        0.3514779008888088,
        0.34590599797375327,
        0.3458637626367998,
        0.3388575862135213,
        0.3323457379855574,
        0.3391243997803461,
        0.3390130397068372,
        0.3386603599265292,
        0.33193972622607293,
        0.321541724716702,
        0.31841858525654015,
        0.3136699429101615,
        0.324265814982901,
        0.33858692845526184,
        0.34117708380676226,
        0.3236776314333885,
        0.31470170887129834,
        0.3081559797612357,
        0.30741133800141074,
        0.3011761332487311,
        0.2952341449923594,
        0.2977766713342261,
        0.2950861261806393,
        0.2927493722311227,
        0.3011398329492309,
        0.30647745364858486,
        0.2854599170887963,
        0.2739502055993155,
        0.2774361145486198,
        0.27720761071141614
      ]
    },
    "log_relative_wealth": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        0.09030315858412977,
        0.16236540338600378,
        0.19895103614745915,
        0.2629725098099714,
        0.21859123591543886,
        0.15342775468129655,
        0.10389837646487615,
        0.10860080280818332,
        0.07240623270973626,
        0.059151606867411666,
        0.04505057472784526,
        0.05704992893292678,
        0.026083547762389896,
        -0.013038014644610364,
        0.03016856482496356,
        0.011091262426237352,
        -0.03585187934299098,
        -0.029919701271752946,
        0.04851991031849253,
        0.11566998809747159,
        0.07667461553102062,
        0.1403906075900053,
        0.07152533617085993,
        0.041868311028491985,
        0.031401865194122115,
        -0.039688931566647004,
        -0.056923141508057266,
        -0.08030930818967741,
        -0.0837077871156785,
        -0.0876986888806852,
        -0.06118737928248346,
        -0.05350021763068693,
        -0.01250094779195915,
        0.056879797296475014,
        0.12323868642177191,
        0.04683823241190267,
        0.03755415707547046,
        0.05399216797294306,
        0.03156545337958732,
        -0.002918217997792427,
        -0.037929741229952,
        -0.016112681095600507,
        0.045908192468366964,
        0.019372696028574672,
        0.030483979100601973,
        0.008537569730517634,
        -0.011405365460489694,
        0.008032763998228866,
        0.003266205003359123,
        -0.0052022089607975585,
        -0.054668898060719076,
        -0.05589563889022682,
        -0.08447376027551282,
        -0.07979341739838508,
        -0.1310518458487674,
        -0.1439620356894944,
        -0.18291317377929825,
        -0.1739610613666181,
        -0.1874351120158056,
        -0.2110496806281195,
        -0.24570906665143738,
        -0.27380627016242554,
        -0.22015118122672636,
        -0.24694705725120258,
        -0.2554268914063193,
        -0.2496870869195259,
        -0.254376097654419,
        -0.27134566271176125,
        -0.2615539593604219,
        -0.27682888899511565,
        -0.28264227959987315,
        -0.2800246064588648,
        -0.2925766580312095,
        -0.2872565921324862,
        -0.22467620618916614,
        -0.28938422215046117,
        -0.26992670176407607,
        -0.2928466171128006,
        -0.3094186587079156,
        -0.3112318256749986,
        -0.31368400015674824,
        -0.27300667930293976,
        -0.23709692480300876,
        -0.29789263484418177,
        -0.30365813231356265,
        -0.29170256714914916,
        -0.24147058474505698,
        -0.23199547170200976,
        -0.26067189610544456,
        -0.26189358737840546,
        -0.27522382475129825,
        -0.24723227087140331,
        -0.2664414984478201,
        -0.2752669801226392,
        -0.27795432678565013,
        -0.2816253576156565,
        -0.34161334433465296,
        -0.34980275038036646,
        -0.3637929034855011,
        -0.3846393123085722,
        -0.389596743299825,
        -0.38933408748456516,
        -0.39424414064110186,
        -0.3966981462486076,
        -0.4081658396262357,
        -0.4033296765068543,
        -0.42553275466612844,
        -0.44654984743646864,
        -0.47002617102159566,
        -0.4751984886289436,
        -0.5390373239382347,
        -0.5290364668237947,
        -0.49409330636429216,
        -0.5078837334610968,
        -0.5184726779708713,
        -0.5194223851111169,
        -0.5468635019454582,
        -0.5670893433786051,
        -0.5802384448984786,
        -0.530961547205094,
        -0.537714954957422,
        -0.4500334615100337,
        -0.48851339666292204,
        -0.518029778369255,
        -0.5079157171681941,
        -0.5429840510858451,
        -0.4681532828889576,
        -0.5079704850183029,
        -0.5178191639789111,
        -0.46956639515712284,
        -0.49133180764534573,
        -0.5064327845351358,
        -0.5396559748630403,
        -0.5648605510650287,
        -0.5411811797550038,
        -0.4627890030737416,
        -0.37601406391784176,
        -0.453681272022789,
        -0.48349390960834904,
        -0.48922831843125153,
        -0.5226068091782192,
        -0.5905905364728726,
        -0.5592675930409573,
        -0.5483596500073054,
        -0.6169650756731642,
        -0.6466298935487041,
        -0.6478939899823911,
        -0.6864477289731898,
        -0.7357059316910054,
        -0.7647901083934329,
        -0.7657574936637418,
        -0.771268169037116,
        -0.7739216385131242,
        -0.8000336360133111,
        -0.7766051074250804,
        -0.8289008737655176,
        -0.8189931692805372,
        -0.8504310251705971,
        -0.8331663387071975,
        -0.8180927856168558,
        -0.8704530446014541,
        -0.835037248686842,
        -0.8336501112672733,
        -0.7819792035988354,
        -0.8222112108874875,
        -0.8243309711600566,
        -0.7964903210481333,
        -0.8677583197274553,
        -0.8722693421742126,
        -0.8385169823009823,
        -0.8482629470796533,
        -0.8607726982933274,
        -0.8662787546479768,
        -0.8738070793972053,
        -0.894215500709653,
        -0.9411914856449827,
        -0.9674497457931248,
        -0.9653069494853055,
        -0.9590329703901181,
        -0.9608924752683252,
        -0.9766628822735034,
        -0.9713605132772969,
        -0.9932190434390871,
        -1.0456084405789723,
        -1.061588222993478,
        -1.061710331068768,
        -1.0821753595334014,
        -1.1015794724505281,
        -1.081388277911438,
        -1.0817167071295448,
        -1.0827575619494014,
        -1.1028018740592214,
        -1.1346279623359081,
        -1.1443884559348259,
        -1.1594139831348413,
        -1.1261916829336693,
        -1.0829744147085483,
        -1.0753536291408097,
        -1.1280072232075289,
        -1.1561300447666896,
        -1.1771491964036211,
        -1.1795685650138712,
        -1.2000600250779994,
        -1.2199865256264775,
        -1.211411498489001,
        -1.220488012097637,
        -1.2284384208921852,
        -1.2001805608153244,
        -1.1826110870013633,
        -1.2536536552282682,
        -1.2948089204985762,
        -1.2821645901426548,
        -1.2829885563743995
      ]
    },
    "rolling_slope": {
      "labels": [
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        -0.013050863818483756,
        -0.018661623102017258,
        -0.022052413093275106,
        -0.020891830930248115,
        -0.016374627180257277,
        -0.013918852190136949,
        -0.01241757044037806,
        -0.008868565884376746,
        -0.00213585737619176,
        0.001402386516296201,
        0.006758913664224871,
        0.008257715620299873,
        0.008976149762437753,
        0.007990630675253331,
        0.0024554063065202066,
        -0.0015923668118876663,
        -0.0067977250772019064,
        -0.013628408412285903,
        -0.02000828681360628,
        -0.021399013706285833,
        -0.018674620429390415,
        -0.014962840661871014,
        -0.005062783903493094,
        0.004843289891655584,
        0.010101206269107866,
        0.014491540593013354,
        0.016239683232371648,
        0.015686774162483697,
        0.012125761100331658,
        0.0065224782410623515,
        0.001256782258580898,
        -0.0009190374357533687,
        -0.004514956790458479,
        -0.006329516724264154,
        -0.006135092989211111,
        -0.0033533345455577365,
        -0.0023551368512675546,
        -0.0016909048614872969,
        -0.00036542289896003576,
        -0.0015479553278498382,
        -0.003742072281739322,
        -0.008256309149864301,
        -0.011273365628177757,
        -0.012997449672984425,
        -0.015186755624542941,
        -0.017226923029301976,
        -0.018428054698088336,
        -0.019777701934811362,
        -0.0199210732227983,
        -0.020082114524551352,
        -0.0199676595914978,
        -0.018159683181531782,
        -0.016280859571288924,
        -0.014691165041441346,
        -0.011472489501037821,
        -0.009576021474258466,
        -0.00805664848226552,
        -0.00704038319746902,
        -0.0056547654422338545,
        -0.004385841043064334,
        -0.003423842001380317,
        -0.004037698672764251,
        -0.005396337644838204,
        -0.0018151128215249835,
        -0.0019090086764200027,
        -0.0013432219787547573,
        -0.0012966730076354618,
        -0.0017988322068424802,
        -0.0027571594489738662,
        -0.003085799452662457,
        -0.0021796963593806716,
        -0.00018342262885048867,
        -0.0007249592801857716,
        -0.001933842385482723,
        -0.002363582057015138,
        0.00201433132649266,
        0.003932841888631458,
        0.005231525862267879,
        0.0053766884552985264,
        0.00403942023956307,
        0.0034572088566721254,
        0.0015771692178003379,
        0.0008762899609517812,
        0.0017201190846814827,
        -5.4970552777753784e-05,
        -0.004513115698866232,
        -0.008477382157273916,
        -0.010290164512327919,
        -0.011618644035260525,
        -0.013373828372652252,
        -0.014272869626798777,
        -0.015075486651424991,
        -0.013867835247604777,
        -0.012929179769983581,
        -0.011214596967546377,
        -0.009580587499384442,
        -0.007889775812701066,
        -0.008675308206932821,
        -0.00913402982809191,
        -0.011807114044606935,
        -0.013817628490267473,
        -0.013699742686981558,
        -0.013369573828931792,
        -0.012840837798467458,
        -0.01159144364485885,
        -0.011060524391117025,
        -0.010117782796725594,
        -0.009544834205990359,
        -0.006950084744354742,
        -0.005091895745463913,
        0.0003769011796416068,
        0.0012879561469136464,
        0.0011650359014843987,
        0.0029424736360415984,
        0.002840951916945586,
        0.005381677774032064,
        0.005995920391923367,
        0.004903960955273568,
        0.00454541355525198,
        0.0020700698140703466,
        0.0006320535194622895,
        -0.002562280676289577,
        -0.0027269256538407023,
        -0.0029269269022564564,
        -0.0010851919706172488,
        0.004167471547517287,
        0.003916530392279136,
        0.005295852925825131,
        0.0047520255597395394,
        0.0023456787605117997,
        -0.00044863907074154595,
        -0.002181242573198841,
        -0.003705642423229133,
        -0.009085662642640074,
        -0.016211676867773188,
        -0.021738161543161136,
        -0.02443795814717706,
        -0.023523938559131367,
        -0.02474354104641676,
        -0.025179884281409808,
        -0.024114960298549933,
        -0.022696990311266776,
        -0.023616050983643545,
        -0.02074560718690733,
        -0.017870880668279812,
        -0.015771690292326966,
        -0.01481726516098228,
        -0.011831089817388457,
        -0.008721994283014959,
        -0.00894516927617591,
        -0.008185918801679258,
        -0.006926050202399188,
        -0.00345455069505613,
        -0.0015761459927474794,
        -0.0006284901916694691,
        0.002624804396721991,
        0.0008989992625535925,
        -0.000278226139746659,
        -0.0012137166545570293,
        -0.001822608478040184,
        -0.00212191238694663,
        -0.004714538538328524,
        -0.0060160975752296866,
        -0.007768426495214086,
        -0.008555312253359934,
        -0.011067486096434962,
        -0.012577943346314577,
        -0.011595763609646774,
        -0.012787895893284894,
        -0.014140340966374293,
        -0.0130246258383838,
        -0.012263646066861094,
        -0.013072589168057381,
        -0.01345385693568275,
        -0.012816217269312164,
        -0.01257934084360473,
        -0.01390964388852731,
        -0.014535325494235784,
        -0.01427946620889844,
        -0.012964404684024412,
        -0.011639594255325719,
        -0.011263327408896528,
        -0.009916796480343562,
        -0.008931754383917818,
        -0.007888065368660283,
        -0.005345008298167953,
        -0.0023648406692962725,
        -0.0022446321615087203,
        -0.0037675732261867627,
        -0.0047996890963394705,
        -0.005270129433498373,
        -0.005891735706303755,
        -0.0073705539973039705,
        -0.009146730840577523,
        -0.011178715355790726,
        -0.01366729860532075,
        -0.01307624815213961,
        -0.009327622682722608,
        -0.007268244393479459,
        -0.007938252777893028,
        -0.008233805399271137
      ]
    },
    "rolling_pvalue": {
      "labels": [
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03",
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        0.018773072071482683,
        0.00014645886092304046,
        4.2335060877979685e-06,
        2.056142958721247e-05,
        4.1711511456014985e-05,
        6.53913490591929e-06,
        5.347369865570806e-06,
        0.00540287667797402,
        0.5871689184896205,
        0.7248856714126621,
        0.14112074244031927,
        0.0680338928088195,
        0.04226706968568344,
        0.07723688477923445,
        0.6319749292811888,
        0.7804764251173593,
        0.27398620521154093,
        0.02335696453222184,
        0.000111975255910494,
        1.4098330829049217e-05,
        0.00019531809453926928,
        0.005177353789255624,
        0.3229210710502085,
        0.41518111387066986,
        0.07114521396071237,
        0.003598917729152064,
        0.0008700158647003639,
        0.0014421501650127458,
        0.01774031220807733,
        0.21685441599405622,
        0.7955363294985431,
        0.8350488287482446,
        0.22463721233050812,
        0.05985517692486402,
        0.06788581919347969,
        0.1789514158135502,
        0.3307120353283757,
        0.4752719535922922,
        0.8614019166684286,
        0.529013217497629,
        0.17021527979653409,
        0.0029916830578292568,
        7.757064203576228e-06,
        1.313994080683249e-05,
        2.2807125927340065e-06,
        2.055308148873929e-06,
        3.9146764004385583e-07,
        9.022086671753967e-09,
        7.08326753940306e-09,
        7.176219180416097e-09,
        6.164425784730257e-09,
        1.2775333499869988e-06,
        6.6013172929924925e-06,
        2.5382253245645312e-05,
        9.108556868476325e-05,
        0.00041787680785497147,
        0.0007846421667269355,
        0.0024810639796983584,
        0.004846862445288061,
        0.0075321387927084265,
        0.015251090962148802,
        0.006557053726541204,
        8.053058675809568e-06,
        0.2976969580321598,
        0.27736998702733684,
        0.4414720027597833,
        0.45533835809697476,
        0.3304702929835999,
        0.15963693970948384,
        0.12451048151852703,
        0.29681107133711404,
        0.941337437756666,
        0.773688781306815,
        0.44527246188978614,
        0.34832149079788044,
        0.37455880456874113,
        0.12116633540013731,
        0.03179020940906,
        0.02712621182807408,
        0.09559140039521179,
        0.13937963370118886,
        0.45411860430264844,
        0.6815150825120311,
        0.37987129597980923,
        0.9765254036280572,
        0.050018890401215474,
        0.00048268351508835063,
        0.00015995287884360844,
        0.000106631811076266,
        1.4693027055886772e-05,
        3.130427049686108e-06,
        3.1213914767164585e-07,
        2.312151535203712e-06,
        7.90239036088385e-06,
        5.893908846783538e-05,
        7.887308366576162e-05,
        9.066008234522713e-07,
        4.175223999671046e-06,
        4.965958101775929e-06,
        6.748317545426963e-05,
        1.1531391313118348e-05,
        1.4755566764091308e-05,
        2.5203330072727355e-05,
        5.051972113664086e-05,
        0.00019497739900125027,
        0.00027418149585831217,
        0.0003033598272783304,
        0.0003169982948023321,
        0.005116902304499811,
        0.028065799784558636,
        0.9014661285939445,
        0.6836912089584727,
        0.7123605400317983,
        0.330952505737484,
        0.35038434431995946,
        0.09387349370474372,
        0.0583057488415056,
        0.1241027575418255,
        0.14544903129740194,
        0.4272558833504438,
        0.8025509949998935,
        0.3020855849976065,
        0.28288532354993035,
        0.25351595273133304,
        0.7137989827827225,
        0.351655509286636,
        0.3780286271801977,
        0.22029375849857816,
        0.2729849297136256,
        0.599216709681823,
        0.9300623401792314,
        0.6799095704246405,
        0.4882740652684547,
        0.10845161758158921,
        0.0035190898570873455,
        9.992865935634594e-06,
        5.300750818273786e-07,
        2.1883722316940254e-07,
        2.3275827982203195e-07,
        1.7003673790054343e-07,
        3.394075717655279e-07,
        1.225490952900918e-06,
        2.7367665640021475e-07,
        7.97915616570051e-06,
        3.5703147152182068e-06,
        1.0785789708257123e-05,
        1.2651641902906288e-05,
        1.2669064780228394e-05,
        6.769749578126484e-05,
        6.979457932697013e-05,
        0.0003081036394781144,
        0.0019899095759215953,
        0.18105991907710683,
        0.5054411432746192,
        0.7850493463658699,
        0.17932587783393242,
        0.6969631866273087,
        0.9128795600051335,
        0.6258749838443972,
        0.4663018428484224,
        0.4023052615761115,
        0.038799764159383965,
        0.008381326301193875,
        0.000840570478444587,
        0.001057333030212959,
        0.00045554861140503853,
        0.00016730654489732267,
        0.0002466481380625606,
        3.637567089598756e-05,
        1.7107654609169018e-06,
        1.0682058354408476e-05,
        2.0781127659124845e-05,
        2.3152492070845047e-05,
        2.4534981472697086e-05,
        2.4131050742337734e-05,
        2.3099641975904762e-05,
        1.0118240689378844e-05,
        2.4790047186029734e-06,
        4.538843396747932e-06,
        3.764019452375039e-05,
        0.00010648154260532691,
        0.00011965010475328152,
        7.911360853535271e-05,
        2.8947779588492403e-05,
        0.0001878123030890259,
        0.028205393580880818,
        0.3558426691965802,
        0.3783997802014443,
        0.1672679206808344,
        0.10316645933408472,
        0.08243960566441805,
        0.06356529870636628,
        0.03311013521607466,
        0.00972699775784242,
        0.0015096486068627267,
        2.200985049226093e-05,
        8.212081440431117e-05,
        0.004189972295127731,
        0.0035932863922993235,
        0.003933796670918283,
        0.0034535941232162726
      ]
    },
    "train_equity": {
      "labels": [
        "2008-11",
        "2008-12",
        "2009-01",
        "2009-02",
        "2009-03",
        "2009-04",
        "2009-05",
        "2009-06",
        "2009-07",
        "2009-08",
        "2009-09",
        "2009-10",
        "2009-11",
        "2009-12",
        "2010-01",
        "2010-02",
        "2010-03",
        "2010-04",
        "2010-05",
        "2010-06",
        "2010-07",
        "2010-08",
        "2010-09",
        "2010-10",
        "2010-11",
        "2010-12",
        "2011-01",
        "2011-02",
        "2011-03",
        "2011-04",
        "2011-05",
        "2011-06",
        "2011-07",
        "2011-08",
        "2011-09",
        "2011-10",
        "2011-11",
        "2011-12",
        "2012-01",
        "2012-02",
        "2012-03",
        "2012-04",
        "2012-05",
        "2012-06",
        "2012-07",
        "2012-08",
        "2012-09",
        "2012-10",
        "2012-11",
        "2012-12",
        "2013-01",
        "2013-02",
        "2013-03",
        "2013-04",
        "2013-05",
        "2013-06",
        "2013-07",
        "2013-08",
        "2013-09",
        "2013-10",
        "2013-11",
        "2013-12",
        "2014-01",
        "2014-02",
        "2014-03",
        "2014-04",
        "2014-05",
        "2014-06",
        "2014-07",
        "2014-08",
        "2014-09",
        "2014-10",
        "2014-11",
        "2014-12",
        "2015-01",
        "2015-02",
        "2015-03",
        "2015-04",
        "2015-05",
        "2015-06",
        "2015-07",
        "2015-08",
        "2015-09",
        "2015-10",
        "2015-11",
        "2015-12",
        "2016-01",
        "2016-02",
        "2016-03",
        "2016-04",
        "2016-05",
        "2016-06",
        "2016-07",
        "2016-08",
        "2016-09",
        "2016-10",
        "2016-11",
        "2016-12",
        "2017-01",
        "2017-02",
        "2017-03",
        "2017-04",
        "2017-05",
        "2017-06",
        "2017-07",
        "2017-08",
        "2017-09",
        "2017-10",
        "2017-11",
        "2017-12",
        "2018-01",
        "2018-02",
        "2018-03",
        "2018-04",
        "2018-05",
        "2018-06",
        "2018-07",
        "2018-08",
        "2018-09",
        "2018-10",
        "2018-11",
        "2018-12",
        "2019-01",
        "2019-02",
        "2019-03",
        "2019-04",
        "2019-05",
        "2019-06",
        "2019-07",
        "2019-08",
        "2019-09",
        "2019-10",
        "2019-11",
        "2019-12",
        "2020-01",
        "2020-02",
        "2020-03",
        "2020-04",
        "2020-05",
        "2020-06",
        "2020-07",
        "2020-08",
        "2020-09",
        "2020-10",
        "2020-11",
        "2020-12",
        "2021-01",
        "2021-02",
        "2021-03"
      ],
      "values": [
        1.0183214186433176,
        1.105133920200365,
        1.0521857981575693,
        1.0012201553587134,
        1.0375483510713184,
        1.068667194458332,
        1.0764746421723783,
        1.080840298751782,
        1.120190051517549,
        1.1462752440653832,
        1.1702992889842794,
        1.1616557545369377,
        1.195618138470393,
        1.1717085436926145,
        1.1789807075115724,
        1.1927849963735957,
        1.2073718955610582,
        1.2333446787730613,
        1.2279924975806307,
        1.2453329223712468,
        1.2795096124933594,
        1.302349243619571,
        1.3245505893639105,
        1.3349673002077767,
        1.3210678033216632,
        1.3126681387062789,
        1.3203022881247455,
        1.334586836374933,
        1.3302193136397844,
        1.3632926514844568,
        1.3842189906907305,
        1.371369029560701,
        1.400180879964927,
        1.4182699780238877,
        1.4103652325948253,
        1.449240216883694,
        1.4300129453283879,
        1.4689025122233705,
        1.5029353017842582,
        1.5150162756215217,
        1.5099437428156246,
        1.5329460271990334,
        1.5330777417018742,
        1.5535169572563043,
        1.5894574408285431,
        1.593909838722297,
        1.6020464301869028,
        1.6037655903363597,
        1.6051730496144645,
        1.6058574742111136,
        1.606591262109966,
        1.6250937543545836,
        1.6392779199763734,
        1.6786105076636098,
        1.6323859180647768,
        1.589943292742012,
        1.6082284012052595,
        1.5740222943030282,
        1.602100886557043,
        1.6371682628447433,
        1.6282656484031979,
        1.6241985608837883,
        1.653319300196527,
        1.6828676831548024,
        1.6825006019476672,
        1.7039488973598376,
        1.7353349923637826,
        1.7413589068074913,
        1.734863515150769,
        1.7759904934735762,
        1.7413359335744407,
        1.7870179936347623,
        1.8132076764687335,
        1.8182554492572938,
        1.8783263118276108,
        1.859587795851715,
        1.8663448292746943,
        1.8419928630793123,
        1.8350108365110156,
        1.7944809311538512,
        1.8305223966764803,
        1.790316047872882,
        1.8084221746370845,
        1.8465044765698173,
        1.842598909165368,
        1.8325331626432737,
        1.8310003372818566,
        1.846905059395457,
        1.9154161899547422,
        1.9206179628193598,
        1.9274251527690656,
        1.9890290704901972,
        2.022347750053829,
        2.0069789945106224,
        2.0017085761703624,
        1.9597973707402787,
        1.9136818684845738,
        1.9365518765849004,
        1.9438201787389524,
        1.9785175011895022,
        1.9711943105027407,
        1.991284246922552,
        2.009495506196425,
        2.0173491120653493,
        2.035338999275685,
        2.051173431616335,
        2.046556023063122,
        2.0512138412962626,
        2.064862418120986,
        2.0791231451769243,
        2.060472707508434,
        2.0055101510419835,
        2.0199010515976035,
        2.0025332536625124,
        2.0296075245695944,
        2.039342014362253,
        2.057646119989715,
        2.0808104334380646,
        2.0658400783961435,
        2.020218453175265,
        2.043842526219122,
        2.0346921223955894,
        2.114643966745543,
        2.119693437138316,
        2.1799988599457394,
        2.1908633105833983,
        2.210528272207037,
        2.2720591189999264,
        2.2838079004839806,
        2.356580227600917,
        2.3507094354403417,
        2.3666604846182198,
        2.372193839618682,
        2.3803608880337865,
        2.4364144956580356,
        2.4264870041104905,
        2.315985062413552,
        2.415031917146982,
        2.4557814279243226,
        2.4850417630122403,
        2.545009294720829,
        2.5436988779398932,
        2.5263600344148696,
        2.4903858932397918,
        2.578196129115046,
        2.595563262752721,
        2.565867515085873,
        2.5374734265172796,
        2.5251729521775106
      ]
    },
    "test_equity": {
      "labels": [
        "2021-04",
        "2021-05",
        "2021-06",
        "2021-07",
        "2021-08",
        "2021-09",
        "2021-10",
        "2021-11",
        "2021-12",
        "2022-01",
        "2022-02",
        "2022-03",
        "2022-04",
        "2022-05",
        "2022-06",
        "2022-07",
        "2022-08",
        "2022-09",
        "2022-10",
        "2022-11",
        "2022-12",
        "2023-01",
        "2023-02",
        "2023-03",
        "2023-04",
        "2023-05",
        "2023-06",
        "2023-07",
        "2023-08",
        "2023-09",
        "2023-10",
        "2023-11",
        "2023-12",
        "2024-01",
        "2024-02",
        "2024-03",
        "2024-04",
        "2024-05",
        "2024-06",
        "2024-07",
        "2024-08",
        "2024-09",
        "2024-10",
        "2024-11",
        "2024-12",
        "2025-01",
        "2025-02",
        "2025-03",
        "2025-04",
        "2025-05",
        "2025-06",
        "2025-07",
        "2025-08",
        "2025-09",
        "2025-10",
        "2025-11",
        "2025-12",
        "2026-01",
        "2026-02",
        "2026-03",
        "2026-04",
        "2026-05",
        "2026-06",
        "2026-07"
      ],
      "values": [
        2.5825663443973665,
        2.597010499863843,
        2.6406630193486547,
        2.697959344941335,
        2.7066437474972913,
        2.6416704028121587,
        2.6829774117235705,
        2.6879197265041586,
        2.725194475884088,
        2.626419619477817,
        2.5876071998315346,
        2.547913107561639,
        2.408076317795813,
        2.4168620547379445,
        2.335162049019997,
        2.4496380874294554,
        2.3447126278222195,
        2.1880294972460517,
        2.203120704550081,
        2.3151285001634414,
        2.2566062818701798,
        2.3752562167481135,
        2.2867490762115894,
        2.358514913325309,
        2.3782206041030887,
        2.3409333569489674,
        2.3782395471835716,
        2.39243387162889,
        2.358600595573066,
        2.2608621504551807,
        2.207672699167004,
        2.3716319563188915,
        2.4930938993580747,
        2.478037291890217,
        2.4742770557103158,
        2.514683725262735,
        2.412997946477579,
        2.4836937313369774,
        2.521905788038048,
        2.604504839468775,
        2.664485477569381,
        2.717621093442905,
        2.6399212920773016,
        2.7097222571563857,
        2.618839836823939,
        2.6490678408402006,
        2.703788984831578,
        2.6658942859953876,
        2.6629978346945022,
        2.685180367319069,
        2.7448727110998425,
        2.7496834042345197,
        2.7993252324836395,
        2.840236865567633,
        2.850569653688096,
        2.8807247039962567,
        2.8569726988961155,
        2.876120769316382,
        2.932985029696604,
        2.837574789209745,
        2.9206324518270472,
        2.950376178643762,
        2.957165208369148,
        2.9237091343296746
      ]
    },
    "cost": {
      "labels": [
        "0",
        "1",
        "2",
        "3",
        "4",
        "5",
        "6",
        "7",
        "8",
        "9",
        "10",
        "11",
        "12",
        "13",
        "14",
        "15",
        "16",
        "17",
        "18",
        "19",
        "20",
        "21",
        "22",
        "23",
        "24"
      ],
      "sharpe": [
        0.8539187323299325,
        0.8537572353653964,
        0.8535957384008603,
        0.8534342414363245,
        0.8532727444717885,
        0.8531112475072524,
        0.8529497505427165,
        0.8527882535781806,
        0.8526267566136445,
        0.8524652596491085,
        0.8523037626845725,
        0.8521422657200366,
        0.8519807687555006,
        0.8518192717909646,
        0.8516577748264285,
        0.8514962778618926,
        0.8513347808973566,
        0.8511732839328205,
        0.8510117869682845,
        0.8508502900037487,
        0.8506887930392126,
        0.8505272960746766,
        0.8503657991101405,
        0.8502043021456046,
        0.8500428051810687
      ],
      "cagr": [
        0.06230643458951701,
        0.06229377293915617,
        0.062281111427127556,
        0.06226845005343029,
        0.06225578881806304,
        0.06224312772102425,
        0.062230466762312586,
        0.06221780594192672,
        0.06220514525986531,
        0.062192484716126595,
        0.0621798243107099,
        0.06216716404361344,
        0.0621545039148359,
        0.06214184392437572,
        0.06212918407223178,
        0.062116524358402536,
        0.06210386478288732,
        0.062091205345683465,
        0.062078546046790306,
        0.06206588688620651,
        0.06205322786393075,
        0.06204056897996146,
        0.0620279102342971,
        0.062015251626936774,
        0.06200259315787893
      ]
    },
    "noise": {
      "labels": [
        "0.05",
        "0.1",
        "0.2",
        "0.3",
        "0.5",
        "0.75",
        "1.0",
        "1.5"
      ],
      "median_sharpe": [
        0.8528266577936245,
        0.8495754036616537,
        0.836932580643213,
        0.8170601137568586,
        0.7618594717847526,
        0.6800712771975517,
        0.6000604648716794,
        0.4696088532335255
      ],
      "p10_sharpe": [
        0.8524990354327322,
        0.8482724050611701,
        0.8318367351371971,
        0.8060025281849365,
        0.7342416936211986,
        0.6279170406578374,
        0.5239029846342035,
        0.35431588950460347
      ],
      "p90_sharpe": [
        0.8531542801545169,
        0.8508784022621374,
        0.8420284261492288,
        0.8281176993287808,
        0.7894772499483065,
        0.732225513737266,
        0.6762179451091553,
        0.5849018169624476
      ]
    },
    "regimes": {
      "labels": [
        "Strong bull",
        "Bull",
        "Sideways",
        "Bear",
        "Strong bear",
        "Volatility up",
        "Volatility down"
      ],
      "strategy": [
        0.004661589907086178,
        0.007495845679113026,
        -0.0036609079298935976,
        null,
        null,
        0.0068994113082849525,
        0.004758800753319601
      ],
      "spy": [
        0.014068653156763524,
        0.012337050313261657,
        -0.024940043919813106,
        null,
        null,
        0.022524725373102364,
        0.001984270091553921
      ]
    }
  },
  "tools": [
    {
      "id": "strategy_report",
      "title": "Strategy report",
      "href": "../strategies/us-erc-daily.html",
      "status": "ok",
      "note": "Equity, allocations, and replication metrics."
    },
    {
      "id": "quantstats",
      "title": "QuantStats tearsheet",
      "href": "../tearsheets/strategies/us-erc-daily.html",
      "status": "ok",
      "note": "Full QuantStats HTML from the same monthly ours path."
    },
    {
      "id": "paper_to_profit",
      "title": "Paper to Profit robustness",
      "href": "https://papertoprofit.substack.com/t/tutorials",
      "status": "ok",
      "note": "t-test vs zero and SPY, overlapping-block bootstrap, rolling OLS alpha decay, 70/30 stability, extra-bps cost grid, return-space noise, and seven SPY regimes. Walk-forward parameter search is not estimable on this catalog snapshot."
    }
  ],
  "writeup": {
    "verdict": "US Equal Risk Contribution - Daily receives a research grade of F (composite 33 / 100) on Paper-to-Profit robustness tests run against published monthly ours versus SPY. On these tests the published path does not currently support a constructive allocation case.",
    "edge": "The path makes money vs zero (p=0.000) but is not a significant edge versus SPY (p=0.004, excess -0.68% per month). Same failure mode as a strategy that only rides beta.",
    "bootstrap": "Block bootstrap of consecutive months (400 paths): P(beat SPY) over 6.0 months is 26%; over 24.0 months is 13%. This is the Paper-to-Profit 'realistic path' test, not a reshuffled iid sample.",
    "persistence": "3% of 12-month OLS windows have a significantly positive slope and 55% are significantly negative. Terminal strategy/SPY wealth ratio is 0.28. A steadily rising log-relative-wealth line is the decay test from the tutorial; a late collapse is a warning.",
    "stability": "70/30 OOS/IS Sharpe ratio is 0.27; second/first-half Sharpe ratio is 0.39. Walk-forward parameter search is not estimable on a frozen catalog snapshot; this split is the overfit proxy. Return-space noise did not halve Sharpe on the tested grid.",
    "cost": "Average daily turnover is 0.048%. Additional one-way costs through 24 bps did not cut Sharpe in half. That is the tutorial's cost-robust case.",
    "regimes": "The path beats SPY in 15% of classified months (2.0/5.0 regimes). In bear/strong-bear/vol-down months it beats SPY 100% of the time. Crisis windows: Global Financial Crisis: strategy 3.8% vs SPY -16.6%; COVID crash: strategy -4.9% vs SPY -19.4%; 2022 inflation shock: strategy -19.7% vs SPY -23.9%.",
    "headline": "Published CAGR 6.23% / Sharpe 0.85 / max DD -19.7% over 213 months. Those headline stats are context only; the grade is the robustness tests above.",
    "limitations": "Tests use published monthly ours, already lagged one bar in the engine, versus SPY. t-tests assume roughly comparable monthly means; Wilcoxon is shown as a non-normal check. Bootstrap paths are overlapping consecutive months (not iid reshuffles). Noise is added to monthly returns, not to OHLC, because this producer does not rerun backtests. Walk-forward parameter optimization, SPA, and PBO are not estimable without a trial ledger. Fee drag is extra one-way bps on catalog average daily turnover, on top of the published costed path."
  },
  "ranks": {
    "cagr": 6.435643564356436,
    "sharpe": 21.287128712871286,
    "score": 0.49504950495049505
  },
  "generated_at": "2026-09-22T18:23:05Z"
}