{
  "version": "opportunity-path-study-1",
  "stage": "RESEARCH",
  "production_eligible": false,
  "models_called": 0,
  "symbols": 90,
  "cutoff": "2026-05-29",
  "end": "2026-09-18",
  "trigger_days": 522,
  "limits": [
    "Existing 90-stock May cohort; not new independent holdout or full historical universe.",
    "Survivorship and historical point-in-time availability unverified.",
    "Overlap/top exit is a same-chart research proxy, not strict recursive sell proof.",
    "Next-open reference fills, costs and T+1 inherited; no order-book feasibility proof."
  ],
  "scenarios": {
    "10": {
      "existing_dynamic": {
        "windows": {
          "20": {
            "day": "2026-06-29",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "866312.0986859392228195041178",
              "return_after_paid_costs_pct": -3.743100146006753,
              "return_after_estimated_liquidation_cost_pct": -3.7773437227195523,
              "max_daily_close_drawdown_pct": -6.2418914779777985
            },
            "static": {
              "equity": "851221.5596589988075290938926",
              "return_after_paid_costs_pct": -5.419826704555688,
              "return_after_estimated_liquidation_cost_pct": -5.46711679120341,
              "max_daily_close_drawdown_pct": -8.199940524000546
            }
          },
          "60": {
            "day": "2026-08-24",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "806222.6739194893758773354786",
              "return_after_paid_costs_pct": -10.419702897834513,
              "return_after_estimated_liquidation_cost_pct": -10.443280894718871,
              "max_daily_close_drawdown_pct": -17.80494829183392
            },
            "static": {
              "equity": "810098.4134330938457204397708",
              "return_after_paid_costs_pct": -9.989065174100684,
              "return_after_estimated_liquidation_cost_pct": -10.034070641513633,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          },
          "to_end": {
            "day": "2026-09-18",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "816421.2762577374536496487572",
              "return_after_paid_costs_pct": -9.286524860251394,
              "return_after_estimated_liquidation_cost_pct": -9.310294342518622,
              "max_daily_close_drawdown_pct": -17.80494829183392
            },
            "static": {
              "equity": "844652.6442797750965972059260",
              "return_after_paid_costs_pct": -6.1497061911361,
              "return_after_estimated_liquidation_cost_pct": -6.1966313380405325,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          }
        },
        "closed_trades": 46,
        "open_positions_at_end": 44
      },
      "overlap_top_proxy": {
        "windows": {
          "20": {
            "day": "2026-06-29",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "860786.1524545714556107446741",
              "return_after_paid_costs_pct": -4.357094171714283,
              "return_after_estimated_liquidation_cost_pct": -4.380511187162678,
              "max_daily_close_drawdown_pct": -5.212717754972085
            },
            "static": {
              "equity": "851221.5596589988075290938926",
              "return_after_paid_costs_pct": -5.419826704555688,
              "return_after_estimated_liquidation_cost_pct": -5.46711679120341,
              "max_daily_close_drawdown_pct": -8.199940524000546
            }
          },
          "60": {
            "day": "2026-08-24",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "817436.0456876117639174180634",
              "return_after_paid_costs_pct": -9.173772701376471,
              "return_after_estimated_liquidation_cost_pct": -9.186041546775327,
              "max_daily_close_drawdown_pct": -13.836447241207594
            },
            "static": {
              "equity": "810098.4134330938457204397708",
              "return_after_paid_costs_pct": -9.989065174100684,
              "return_after_estimated_liquidation_cost_pct": -10.034070641513633,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          },
          "to_end": {
            "day": "2026-09-18",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "825956.1258234626850819076729",
              "return_after_paid_costs_pct": -8.227097130726369,
              "return_after_estimated_liquidation_cost_pct": -8.23747537069326,
              "max_daily_close_drawdown_pct": -13.836447241207594
            },
            "static": {
              "equity": "844652.6442797750965972059260",
              "return_after_paid_costs_pct": -6.1497061911361,
              "return_after_estimated_liquidation_cost_pct": -6.1966313380405325,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          }
        },
        "closed_trades": 70,
        "open_positions_at_end": 20
      }
    },
    "20": {
      "existing_dynamic": {
        "windows": {
          "20": {
            "day": "2026-06-29",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "865754.4114385437588392658532",
              "return_after_paid_costs_pct": -3.80506539571736,
              "return_after_estimated_liquidation_cost_pct": -3.873518339775613,
              "max_daily_close_drawdown_pct": -6.244828056123454
            },
            "static": {
              "equity": "850796.3740647635433894689702",
              "return_after_paid_costs_pct": -5.467069548359606,
              "return_after_estimated_liquidation_cost_pct": -5.561602478811246,
              "max_daily_close_drawdown_pct": -8.199940524000546
            }
          },
          "60": {
            "day": "2026-08-24",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "805629.0558307504147183735934",
              "return_after_paid_costs_pct": -10.485660463249953,
              "return_after_estimated_liquidation_cost_pct": -10.532792902576228,
              "max_daily_close_drawdown_pct": -17.815981644031975
            },
            "static": {
              "equity": "809693.7688709394531901098802",
              "return_after_paid_costs_pct": -10.034025681006728,
              "return_after_estimated_liquidation_cost_pct": -10.123991655325721,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          },
          "to_end": {
            "day": "2026-09-18",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "815819.1880276259134446398664",
              "return_after_paid_costs_pct": -9.35342355248601,
              "return_after_estimated_liquidation_cost_pct": -9.400938771283935,
              "max_daily_close_drawdown_pct": -17.815981644031975
            },
            "static": {
              "equity": "844230.7398620529312142902390",
              "return_after_paid_costs_pct": -6.196584459771897,
              "return_after_estimated_liquidation_cost_pct": -6.290387875312125,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          }
        },
        "closed_trades": 46,
        "open_positions_at_end": 44
      },
      "overlap_top_proxy": {
        "windows": {
          "20": {
            "day": "2026-06-29",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "860136.5492945004081197810847",
              "return_after_paid_costs_pct": -4.429272300611066,
              "return_after_estimated_liquidation_cost_pct": -4.476082937886028,
              "max_daily_close_drawdown_pct": -5.216674380546753
            },
            "static": {
              "equity": "850796.3740647635433894689702",
              "return_after_paid_costs_pct": -5.467069548359606,
              "return_after_estimated_liquidation_cost_pct": -5.561602478811246,
              "max_daily_close_drawdown_pct": -8.199940524000546
            }
          },
          "60": {
            "day": "2026-08-24",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "816729.4374111522473315933004",
              "return_after_paid_costs_pct": -9.252284732094195,
              "return_after_estimated_liquidation_cost_pct": -9.276810166303099,
              "max_daily_close_drawdown_pct": -13.849402552663165
            },
            "static": {
              "equity": "809693.7688709394531901098802",
              "return_after_paid_costs_pct": -10.034025681006728,
              "return_after_estimated_liquidation_cost_pct": -10.123991655325721,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          },
          "to_end": {
            "day": "2026-09-18",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "825223.9862631314865411418754",
              "return_after_paid_costs_pct": -8.308445970763168,
              "return_after_estimated_liquidation_cost_pct": -8.329192082824857,
              "max_daily_close_drawdown_pct": -13.849402552663165
            },
            "static": {
              "equity": "844230.7398620529312142902390",
              "return_after_paid_costs_pct": -6.196584459771897,
              "return_after_estimated_liquidation_cost_pct": -6.290387875312125,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          }
        },
        "closed_trades": 70,
        "open_positions_at_end": 20
      }
    },
    "50": {
      "existing_dynamic": {
        "windows": {
          "20": {
            "day": "2026-06-29",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "864084.6874753941477303529846",
              "return_after_paid_costs_pct": -3.9905902805117615,
              "return_after_estimated_liquidation_cost_pct": -4.161466582263161,
              "max_daily_close_drawdown_pct": -6.253641774466543
            },
            "static": {
              "equity": "849523.3620337439470651954510",
              "return_after_paid_costs_pct": -5.608515329584006,
              "return_after_estimated_liquidation_cost_pct": -5.844494041260046,
              "max_daily_close_drawdown_pct": -8.199940524000546
            }
          },
          "60": {
            "day": "2026-08-24",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "803851.7543909997993381999291",
              "return_after_paid_costs_pct": -10.683138401000022,
              "return_after_estimated_liquidation_cost_pct": -10.800793193432941,
              "max_daily_close_drawdown_pct": -17.849096669013562
            },
            "static": {
              "equity": "808482.2569973170998935660751",
              "return_after_paid_costs_pct": -10.16863811140921,
              "return_after_estimated_liquidation_cost_pct": -10.393216516130687,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          },
          "to_end": {
            "day": "2026-09-18",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "814016.5268578705140178725967",
              "return_after_paid_costs_pct": -9.553719238014388,
              "return_after_estimated_liquidation_cost_pct": -9.672329547283026,
              "max_daily_close_drawdown_pct": -17.849096669013562
            },
            "static": {
              "equity": "842967.5517226084629880344425",
              "return_after_paid_costs_pct": -6.336938697487948,
              "return_after_estimated_liquidation_cost_pct": -6.571096350744229,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          }
        },
        "closed_trades": 46,
        "open_positions_at_end": 44
      },
      "overlap_top_proxy": {
        "windows": {
          "20": {
            "day": "2026-06-29",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "858191.6277134996609435943376",
              "return_after_paid_costs_pct": -4.645374698500038,
              "return_after_estimated_liquidation_cost_pct": -4.762226189552999,
              "max_daily_close_drawdown_pct": -5.2285544054934725
            },
            "static": {
              "equity": "849523.3620337439470651954510",
              "return_after_paid_costs_pct": -5.608515329584006,
              "return_after_estimated_liquidation_cost_pct": -5.844494041260046,
              "max_daily_close_drawdown_pct": -8.199940524000546
            }
          },
          "60": {
            "day": "2026-08-24",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "814613.8416587400388205179621",
              "return_after_paid_costs_pct": -9.487350926806663,
              "return_after_estimated_liquidation_cost_pct": -9.548572771303201,
              "max_daily_close_drawdown_pct": -13.888301715694945
            },
            "static": {
              "equity": "808482.2569973170998935660751",
              "return_after_paid_costs_pct": -10.16863811140921,
              "return_after_estimated_liquidation_cost_pct": -10.393216516130687,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          },
          "to_end": {
            "day": "2026-09-18",
            "stale_mark_symbols": [],
            "dynamic": {
              "equity": "823031.9494647932397380410832",
              "return_after_paid_costs_pct": -8.552005615022974,
              "return_after_estimated_liquidation_cost_pct": -8.603793291266742,
              "max_daily_close_drawdown_pct": -13.888301715694945
            },
            "static": {
              "equity": "842967.5517226084629880344425",
              "return_after_paid_costs_pct": -6.336938697487948,
              "return_after_estimated_liquidation_cost_pct": -6.571096350744229,
              "max_daily_close_drawdown_pct": -20.87392947891048
            }
          }
        },
        "closed_trades": 70,
        "open_positions_at_end": 20
      }
    }
  }
}