{
  "schema_version": "1.0",
  "generated_at_utc": "2026-08-12T02:58:36.700868+00:00",
  "experiment": {
    "key": "crisis_diversifier_sleeve",
    "title": "Crisis-diversifier sleeve",
    "status": "research_candidate",
    "protocol_frozen_before_evaluation": true,
    "frozen_at_utc": "2026-08-12T03:00:00Z",
    "hypothesis": "A bounded, cash-funded, regime-aware diversifier sleeve can reduce Salarium tail loss and recovery time without materially diluting the governed equity return stream."
  },
  "period": {
    "start": "2021-01-04",
    "end": "2026-05-28",
    "rebalances": 139,
    "development_years": [
      2021,
      2022,
      2023
    ],
    "holdout_years": [
      2024,
      2025,
      2026
    ]
  },
  "data": {
    "provider": "Yahoo adjusted-close total-return proxy history",
    "proxies": {
      "GLD": "Physical gold trust proxy",
      "USO": "WTI oil futures-roll ETF proxy",
      "DBC": "Diversified commodity futures-roll ETF proxy",
      "TLT": "Long-duration US Treasury ETF proxy",
      "TIP": "US inflation-linked Treasury ETF proxy",
      "BIL": "US Treasury bill collateral/cash proxy",
      "UUP": "Long US dollar futures-roll ETF proxy",
      "SPY": "US equity index stress benchmark"
    },
    "coverage": [
      {
        "ticker": "BIL",
        "start": "2007-05-30",
        "end": "2026-06-30",
        "observations": 4802
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      {
        "ticker": "DBC",
        "start": "2007-01-03",
        "end": "2026-06-30",
        "observations": 4903
      },
      {
        "ticker": "GLD",
        "start": "2007-01-03",
        "end": "2026-06-30",
        "observations": 4903
      },
      {
        "ticker": "SPY",
        "start": "2007-01-03",
        "end": "2026-06-30",
        "observations": 4903
      },
      {
        "ticker": "TIP",
        "start": "2007-01-03",
        "end": "2026-06-30",
        "observations": 4903
      },
      {
        "ticker": "TLT",
        "start": "2007-01-03",
        "end": "2026-06-30",
        "observations": 4903
      },
      {
        "ticker": "USO",
        "start": "2007-01-03",
        "end": "2026-06-30",
        "observations": 4903
      },
      {
        "ticker": "UUP",
        "start": "2007-03-01",
        "end": "2026-06-30",
        "observations": 4864
      }
    ]
  },
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  ],
  "verdict": {
    "promotion": false,
    "promoted_policies": [],
    "decision": "retain as research; no policy cleared every frozen gate"
  },
  "governance": {
    "long_only_equity_model_unchanged": true,
    "maximum_total_capital": 1.0,
    "live_trading": false,
    "promotion_requires_all_gates": true,
    "proxy_results_are_not_futures_backtests": true,
    "simulated": true,
    "investment_advice": false,
    "cash_yield_comparator_prevents_false_hedge_attribution": true
  },
  "disclosures": [
    "All results are simulated historical research and are not live performance.",
    "The integrated Salarium record begins in 2021 and contains only 139 rebalance observations.",
    "ETF proxies are not contract-level futures backtests and may contain fund, tracking, roll, liquidity, and tax effects.",
    "The 2026 holdout segment is partial.",
    "The experiment was initiated after observing the existing Salarium drawdown and is exposed to research-selection bias."
  ],
  "provenance": {
    "config": "configs/crisis_diversifier_research.json",
    "config_sha256": "04e28d4b32a694592d780e635bbed98cbc1d73cf01b9f871d3e426eb05ab36ef",
    "baseline_source": "results/signal_aware_covariance/signal_aware_covariance_results.csv",
    "baseline_source_sha256": "80a3d8d93506393dcc2aef375ad2eb2932bf58d17376cafd469e93e20ce0d979",
    "proxy_report": "reports/experiments/crisis_diversifier_proxy_prices.csv",
    "proxy_report_sha256": "f233107a246a83b4c3686aedd89f8356d1644f5f3857d158e25d32063ff3ceee",
    "verdict_report": "reports/experiments/crisis_diversifier_verdict.md",
    "git_branch": "feat/institutional-website-redesign-20260811-211413",
    "git_commit": "f9f5d61dd621ed4eb474df4c1cd1b82c1a2b689c",
    "git_dirty": true
  }
}
