{
  "metadata": {
    "dates": [
      "2026-03-03",
      "2026-03-04",
      "2026-03-05",
      "2026-03-06",
      "2026-03-08",
      "2026-03-09",
      "2026-03-10"
    ],
    "total_bars": 468,
    "description": "HIRO retail flow vs SPY price 5-min bar fade analysis",
    "quintile_breaks_dollars": [
      -1066442092.0,
      -457864967.2,
      -153800262.99999994,
      45360091.19999996,
      255805098.60000002,
      820324205.0
    ]
  },
  "quintile_analysis": {
    "fwd_30m": {
      "Q1": {
        "n": 86,
        "avg_bps": -0.8,
        "median_bps": 0.7,
        "win_rate": 51.2
      },
      "Q2": {
        "n": 85,
        "avg_bps": 5.88,
        "median_bps": -0.15,
        "win_rate": 49.4
      },
      "Q3": {
        "n": 92,
        "avg_bps": -2.11,
        "median_bps": 1.92,
        "win_rate": 54.3
      },
      "Q4": {
        "n": 87,
        "avg_bps": 9.74,
        "median_bps": 6.52,
        "win_rate": 57.5
      },
      "Q5": {
        "n": 82,
        "avg_bps": 12.72,
        "median_bps": 7.28,
        "win_rate": 70.7
      }
    },
    "fwd_1h": {
      "Q1": {
        "n": 77,
        "avg_bps": -3.55,
        "median_bps": 2.04,
        "win_rate": 57.1
      },
      "Q2": {
        "n": 76,
        "avg_bps": 8.94,
        "median_bps": 2.15,
        "win_rate": 52.6
      },
      "Q3": {
        "n": 82,
        "avg_bps": 4.63,
        "median_bps": 5.56,
        "win_rate": 57.3
      },
      "Q4": {
        "n": 85,
        "avg_bps": 14.33,
        "median_bps": 14.26,
        "win_rate": 65.9
      },
      "Q5": {
        "n": 76,
        "avg_bps": 24.7,
        "median_bps": 19.05,
        "win_rate": 76.3
      }
    },
    "fwd_2h": {
      "Q1": {
        "n": 62,
        "avg_bps": -12.43,
        "median_bps": 1.93,
        "win_rate": 51.6
      },
      "Q2": {
        "n": 48,
        "avg_bps": 10.28,
        "median_bps": 2.22,
        "win_rate": 52.1
      },
      "Q3": {
        "n": 65,
        "avg_bps": 15.89,
        "median_bps": 3.87,
        "win_rate": 52.3
      },
      "Q4": {
        "n": 85,
        "avg_bps": 21.12,
        "median_bps": 18.53,
        "win_rate": 70.6
      },
      "Q5": {
        "n": 64,
        "avg_bps": 40.29,
        "median_bps": 51.51,
        "win_rate": 81.2
      }
    }
  },
  "fade_analysis": {
    "fwd_30m": {
      "SELL+UP (faded)": {
        "n": 230,
        "avg_bps": 0.64,
        "median_bps": 0.67,
        "win_rate": 50.9
      },
      "SELL+DOWN (right)": {
        "n": 7,
        "avg_bps": -8.66,
        "median_bps": -15.06,
        "win_rate": 28.6
      },
      "BUY+DOWN (faded)": {
        "n": 123,
        "avg_bps": 14.78,
        "median_bps": 15.07,
        "win_rate": 66.7
      },
      "BUY+UP (right)": {
        "n": 72,
        "avg_bps": 3.07,
        "median_bps": 4.95,
        "win_rate": 59.7
      }
    },
    "fwd_1h": {
      "SELL+UP (faded)": {
        "n": 205,
        "avg_bps": 1.03,
        "median_bps": 1.93,
        "win_rate": 53.7
      },
      "SELL+DOWN (right)": {
        "n": 6,
        "avg_bps": 47.73,
        "median_bps": 43.78,
        "win_rate": 100.0
      },
      "BUY+DOWN (faded)": {
        "n": 115,
        "avg_bps": 24.38,
        "median_bps": 22.27,
        "win_rate": 70.4
      },
      "BUY+UP (right)": {
        "n": 70,
        "avg_bps": 8.28,
        "median_bps": 11.26,
        "win_rate": 68.6
      }
    },
    "fwd_2h": {
      "SELL+UP (faded)": {
        "n": 147,
        "avg_bps": 0.88,
        "median_bps": 1.17,
        "win_rate": 50.3
      },
      "SELL+DOWN (right)": {
        "n": 6,
        "avg_bps": 61.78,
        "median_bps": 60.69,
        "win_rate": 100.0
      },
      "BUY+DOWN (faded)": {
        "n": 103,
        "avg_bps": 33.52,
        "median_bps": 48.11,
        "win_rate": 73.8
      },
      "BUY+UP (right)": {
        "n": 68,
        "avg_bps": 17.29,
        "median_bps": 18.11,
        "win_rate": 69.1
      }
    }
  },
  "momentum_analysis": {},
  "conviction_analysis": {},
  "information_coefficients": {
    "fwd_30m": {
      "pearson": 0.1701,
      "spearman": 0.1974
    },
    "fwd_1h": {
      "pearson": 0.2726,
      "spearman": 0.2805
    },
    "fwd_2h": {
      "pearson": 0.377,
      "spearman": 0.3776
    }
  }
}