Arena run #361

You are an Arena strategy executor. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices, fundamentals, earnings dates, or sentiment. If a field is null/empty, treat it as unknown. You are a constrained selector (no narrative).

{"task": "stage1_universe_scan", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "selection_rules": {"horizon": "2-10 trading days", "target": "short-term mean reversion in liquid equities", "constraints": ["Select exactly 5 candidates", "Avoid earnings within 5 trading days (if known)", "Avoid highly binary/event-driven moves (if known)", "Avoid sector concentration: max 1 per sector unless clearly justified (sector may be unknown)"]}, "universe": [{"symbol": "UTG_CFD.UK", "name": "UNITE GROUP PLC/THE", "sector": "", "last_price": 567.5, "change_1d_pct": 3.4639927073837784, "distance_from_ma200_pct": -23.929923575376698, "distance_from_ma50_pct": -3.6875042216270137, "volatility_20d_pct": 73.84223442053181, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "WPP_CFD.UK", "name": "WPP PLC", "sector": "", "last_price": 287.7, "change_1d_pct": 12.120031176929057, "distance_from_ma200_pct": -26.952858950083826, "distance_from_ma50_pct": -6.1305832237048214, "volatility_20d_pct": 162.7763312146067, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "WIZZ_CFD.UK", "name": "WIZZ AIR HOLDINGS PLC", "sector": "", "last_price": 1403.0, "change_1d_pct": 0.8626887131560013, "distance_from_ma200_pct": 12.315696286669354, "distance_from_ma50_pct": 8.235260718145199, "volatility_20d_pct": 106.92938780570063, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "UKW_CFD.UK", "name": "GREENCOAT UK WIND PLC", "sector": "", "last_price": 98.15, "change_1d_pct": -2.163078149920239, "distance_from_ma200_pct": -12.46829595436757, "distance_from_ma50_pct": -6.845149398930528, "volatility_20d_pct": 32.62462101640031, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "PZC_CFD.UK", "name": "PZ CUSSONS PLC", "sector": "", "last_price": 86.6, "change_1d_pct": -4.309392265193379, "distance_from_ma200_pct": 14.56109936323342, "distance_from_ma50_pct": 14.620006882494629, "volatility_20d_pct": 84.22093402997464, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BIG_CFD.FR", "name": "Bigben Interactive", "sector": "", "last_price": 0.453, "change_1d_pct": -23.479729729729726, "distance_from_ma200_pct": -59.278885697719886, "distance_from_ma50_pct": -48.13254253589503, "volatility_20d_pct": 12310.872493995772, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BTRW_CFD.UK", "name": "Barratt Redrow Plc", "sector": "", "last_price": 377.4, "change_1d_pct": 0.9090909090909038, "distance_from_ma200_pct": -5.28549121293298, "distance_from_ma50_pct": -0.5047525194126434, "volatility_20d_pct": 106.95952062178588, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "TCAP_CFD.UK", "name": "TP ICAP GROUP PLC", "sector": "", "last_price": 257.0, "change_1d_pct": -3.018867924528301, "distance_from_ma200_pct": -4.028452389710213, "distance_from_ma50_pct": 0.0555171858003467, "volatility_20d_pct": 2720.691666816466, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "IPO_CFD.UK", "name": "IP GROUP PLC", "sector": "", "last_price": 55.9, "change_1d_pct": -2.951388888888895, "distance_from_ma200_pct": 6.980220141944948, "distance_from_ma50_pct": -4.919036603619542, "volatility_20d_pct": 3048.7333361404435, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ATG_CFD.UK", "name": "AUCTION TECHNOLOGY GROUP", "sector": "", "last_price": 296.0, "change_1d_pct": -2.950819672131144, "distance_from_ma200_pct": -32.400374766841246, "distance_from_ma50_pct": -4.086684898837378, "volatility_20d_pct": 8661.769059246726, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "CCC_CFD.UK", "name": "COMPUTACENTER PLC", "sector": "", "last_price": 2978.0, "change_1d_pct": -2.679738562091505, "distance_from_ma200_pct": 17.35893991379911, "distance_from_ma50_pct": 2.4633877465073617, "volatility_20d_pct": 5338.29627811264, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BYIT_CFD.UK", "name": "BYTES TECHNOLOGY GROUP PLC", "sector": "", "last_price": 292.6, "change_1d_pct": -2.596537949400779, "distance_from_ma200_pct": -29.90308010801058, "distance_from_ma50_pct": -16.57176681381133, "volatility_20d_pct": 3853.0934438816757, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "MKS_CFD.UK", "name": "MARKS & SPENCER GROUP PLC", "sector": "", "last_price": 397.6, "change_1d_pct": -2.572898799313894, "distance_from_ma200_pct": 10.091859972346917, "distance_from_ma50_pct": 12.883416074757426, "volatility_20d_pct": 3230.9162818073323, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "WKP_CFD.UK", "name": "WORKSPACE GROUP PLC", "sector": "", "last_price": 412.5, "change_1d_pct": -2.4822695035460973, "distance_from_ma200_pct": -0.6645361918828807, "distance_from_ma50_pct": 3.1817499624793744, "volatility_20d_pct": 3857.1547460259226, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "FUTR_CFD.UK", "name": "FUTURE PLC", "sector": "", "last_price": 414.2, "change_1d_pct": 3.3949076385421773, "distance_from_ma200_pct": -39.06661738447647, "distance_from_ma50_pct": -25.9812840942679, "volatility_20d_pct": 5563.010447162194, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "OCDO_CFD.UK", "name": "OCADO GROUP PLC", "sector": "", "last_price": 217.0, "change_1d_pct": -2.208201892744477, "distance_from_ma200_pct": -15.964222445414011, "distance_from_ma50_pct": -5.31484776634673, "volatility_20d_pct": 7423.017762834272, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "HMSO_CFD.UK", "name": "HAMMERSON PLC", "sector": "", "last_price": 348.8, "change_1d_pct": -1.8570624648283518, "distance_from_ma200_pct": 20.24082637989966, "distance_from_ma50_pct": 7.964017771966869, "volatility_20d_pct": 3280.1806241206145, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "NVDA_CFD.US", "name": "NVIDIA Corporation", "sector": "", "last_price": 184.89, "change_1d_pct": -5.456125997136441, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -0.38415327338459093, "volatility_20d_pct": 4390.348323973547, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ZBH_CFD.US", "name": "Zimmer Biomet Holdings Inc", "sector": "", "last_price": 98.75, "change_1d_pct": -0.5037783375314908, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 8.886228799601126, "volatility_20d_pct": 2195.2476425244195, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "PROX_CFD.BE", "name": "Proximus SA", "sector": "", "last_price": 6.98, "change_1d_pct": -15.700483091787431, "distance_from_ma200_pct": -3.6848812171029754, "distance_from_ma50_pct": -9.214589137486563, "volatility_20d_pct": 6302.953224859111, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}], "output_schema": {"selected_stocks": [{"symbol": "string", "mean_reversion_score": "integer 0-100", "selection_reason": "short, concrete, indicator-based"}], "rejected_common_reasons": ["string"]}}

{
  "selected_stocks": [
    {
      "symbol": "UKW_CFD.UK",
      "selection_reason": "Down -2.2% 1d, -12.5% below MA200, -6.8% below MA50; lowest volatility in universe (32.6%) makes mean-reversion more reliable over 2-10 day horizon.",
      "mean_reversion_score": 72
    },
    {
      "symbol": "TCAP_CFD.UK",
      "selection_reason": "Down -3.0% 1d, near MA50 (0.06% above), only -4.0% below MA200; sharp 1d drop from near-equilibrium level suggests short-term overshoot suitable for reversion.",
      "mean_reversion_score": 65
    },
    {
      "symbol": "OCDO_CFD.UK",
      "selection_reason": "Down -2.2% 1d, -16.0% below MA200, -5.3% below MA50; moderate 1d selloff in already depressed name offers reversion setup toward MA50.",
      "mean_reversion_score": 62
    },
    {
      "symbol": "BYIT_CFD.UK",
      "selection_reason": "Down -2.6% 1d, deeply oversold at -29.9% below MA200 and -16.6% below MA50; stretched displacement supports short-term bounce toward MA50.",
      "mean_reversion_score": 60
    },
    {
      "symbol": "UTG_CFD.UK",
      "selection_reason": "Despite +3.5% 1d bounce, still -23.9% below MA200 and -3.7% below MA50; relatively low volatility (73.8%) vs peers; early-stage reversion from deeply oversold level.",
      "mean_reversion_score": 58
    }
  ],
  "rejected_common_reasons": [
    "BIG_CFD.FR: Extreme volatility (12311%), -23.5% 1d drop suggests distressed/binary event, not mean-reversion candidate.",
    "WPP_CFD.UK: +12.1% 1d spike likely event-driven; chasing momentum not mean-reversion.",
    "PROX_CFD.BE: -15.7% 1d crash suggests news-driven binary move; too risky for mean-reversion.",
    "NVDA_CFD.US: Missing MA200 data; -5.5% 1d drop may be event-driven (earnings proximity unknown); US stock in EU scan.",
    "PZC_CFD.UK: Trading +14.6% above both MA200 and MA50; not oversold, no mean-reversion setup.",
    "WIZZ_CFD.UK: Trading +12.3% above MA200, +8.2% above MA50; extended to upside, no oversold reversion signal.",
    "MKS_CFD.UK, HMSO_CFD.UK: Above both MAs, no oversold condition for long mean-reversion.",
    "CCC_CFD.UK, WKP_CFD.UK: Near or above MAs; insufficient displacement for high-conviction reversion.",
    "FUTR_CFD.UK: Deeply oversold but +3.4% 1d bounce already; extremely high volatility reduces conviction.",
    "ATG_CFD.UK: Extremely high volatility (8662%) undermines mean-reversion reliability despite oversold technicals.",
    "ZBH_CFD.US: +8.9% above MA50, not oversold; US stock.",
    "IPO_CFD.UK: Above MA200, mixed signals; extremely high volatility."
  ]
}

You are an Arena portfolio manager. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices/fundamentals/news/earnings. If a field is null/empty, treat it as unknown. Avoid overtrading: if changes are marginal, prefer HOLD. Do not churn.

{"task": "stage2_portfolio_management", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "portfolio_constraints": {"initial_equity": 10000.0, "max_positions": 10, "fixed_position_size": 3000.0, "max_gross_leverage": 3.0, "overtrading_rules": ["Max 2 SELL actions per run unless risk event forces more", "Max 2 BUY actions per run", "If no clear improvement vs current holdings, output HOLD for everything"]}, "current_portfolio": [{"symbol": "AMCX_CFD.US", "qty": 0.0, "avg_price": 7.58, "last_price": 7.46, "unrealized_pnl": 0.0, "opened_at": "2026-02-24T18:14:37.115518+00:00"}, {"symbol": "AMH_CFD.US", "qty": 0.0, "avg_price": 29.63, "last_price": 29.16, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T17:33:34.647633+00:00"}, {"symbol": "AML_CFD.UK", "qty": 0.0, "avg_price": 59.0, "last_price": 58.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T09:33:44.817899+00:00"}, {"symbol": "ARCAD_CFD.NL", "qty": 0.0, "avg_price": 28.6, "last_price": 27.5, "unrealized_pnl": 0.0, "opened_at": "2026-02-23T10:32:09.961595+00:00"}, {"symbol": "BXP_CFD.US", "qty": 0.0, "avg_price": 60.835, "last_price": 57.754999999999995, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T17:32:49.140800+00:00"}, {"symbol": "BYIT_CFD.UK", "qty": 10.252904989747094, "avg_price": 292.6, "last_price": 292.6, "unrealized_pnl": 0.0, "opened_at": "2026-02-18T09:36:37.284518+00:00"}, {"symbol": "CABO_CFD.US", "qty": 31.71247357293869, "avg_price": 94.6, "last_price": 96.44, "unrealized_pnl": 58.3509513742073, "opened_at": "2026-02-27T18:23:55.960577+00:00"}, {"symbol": "CAR_CFD.US", "qty": 32.507991547922195, "avg_price": 92.285, "last_price": 97.54, "unrealized_pnl": 170.82949558433145, "opened_at": "2026-02-25T17:57:28.313088+00:00"}, {"symbol": "CCC_CFD.UK", "qty": 1.007387508394896, "avg_price": 2978.0, "last_price": 2978.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T09:33:49.074031+00:00"}, {"symbol": "CRWD_CFD.US", "qty": 0.0, "avg_price": 423.05499999999995, "last_price": 388.21500000000003, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T17:33:34.647633+00:00"}, {"symbol": "DLN_CFD.UK", "qty": 1.6556291390728477, "avg_price": 1812.0, "last_price": 1812.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-28T10:51:05.818250+00:00"}, {"symbol": "ETSY_CFD.US", "qty": 0.0, "avg_price": 44.13, "last_price": 50.905, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T00:47:27.070066+00:00"}, {"symbol": "FME_CFD.DE", "qty": 0.0, "avg_price": 38.38, "last_price": 38.14, "unrealized_pnl": 0.0, "opened_at": "2026-02-24T18:14:37.115518+00:00"}, {"symbol": "FRE_CFD.DE", "qty": 61.03018960045569, "avg_price": 49.156, "last_price": 51.08, "unrealized_pnl": 117.42208479127672, "opened_at": "2026-02-25T10:57:06.928276+00:00"}, {"symbol": "HIK_CFD.UK", "qty": 0.0, "avg_price": 1408.0, "last_price": 1342.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-26T10:33:24.101894+00:00"}, {"symbol": "HO_CFD.FR", "qty": 0.0, "avg_price": 254.566, "last_price": 251.7, "unrealized_pnl": 0.0, "opened_at": "2026-02-23T10:32:09.961595+00:00"}, {"symbol": "ICG_CFD.UK", "qty": 0.0, "avg_price": 1700.0, "last_price": 1693.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T09:30:55.514112+00:00"}, {"symbol": "LOPE_CFD.US", "qty": 0.0, "avg_price": 157.02, "last_price": 152.77, "unrealized_pnl": 0.0, "opened_at": "2026-02-22T17:33:48.338981+00:00"}, {"symbol": "LPX_CFD.US", "qty": 0.0, "avg_price": 86.45, "last_price": 82.99, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T00:47:27.070066+00:00"}, {"symbol": "LSS_CFD.FR", "qty": 0.0, "avg_price": 20.15, "last_price": 19.78, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T09:30:55.514112+00:00"}, {"symbol": "MTG_CFD.US", "qty": 0.0, "avg_price": 26.27, "last_price": 25.98, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T17:33:27.020111+00:00"}, {"symbol": "OCDO_CFD.UK", "qty": 13.824884792626728, "avg_price": 217.0, "last_price": 217.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T17:33:27.020111+00:00"}, {"symbol": "OKTA_CFD.US", "qty": 42.747221430607006, "avg_price": 70.18, "last_price": 72.54, "unrealized_pnl": 100.88344257623251, "opened_at": "2026-02-23T18:14:12.978497+00:00"}, {"symbol": "PAGE_CFD.UK", "qty": 0.0, "avg_price": 205.8, "last_price": 205.8, "unrealized_pnl": 0.0, "opened_at": "2026-02-18T09:36:37.284518+00:00"}, {"symbol": "PROX_CFD.BE", "qty": 429.79942693409737, "avg_price": 6.98, "last_price": 6.98, "unrealized_pnl": 0.0, "opened_at": "2026-02-28T10:51:05.818250+00:00"}, {"symbol": "RMV_CFD.UK", "qty": 0.0, "avg_price": 424.3, "last_price": 417.16, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T09:33:26.900894+00:00"}, {"symbol": "SGE_CFD.UK", "qty": 0.0, "avg_price": 795.4, "last_price": 783.4, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T17:30:52.485845+00:00"}, {"symbol": "STJ_CFD.UK", "qty": 2.3400936037441498, "avg_price": 1282.0, "last_price": 1298.5, "unrealized_pnl": 38.61154446177847, "opened_at": "2026-02-21T09:33:26.900894+00:00"}, {"symbol": "STZ_CFD.US", "qty": 0.0, "avg_price": 149.07, "last_price": 156.44, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T17:30:52.485845+00:00"}, {"symbol": "TMV_CFD.DE", "qty": 0.0, "avg_price": 4.781, "last_price": 4.769, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T09:33:49.074031+00:00"}, {"symbol": "UKW_CFD.UK", "qty": 32.48511099079589, "avg_price": 92.35, "last_price": 92.35, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T17:32:49.140800+00:00"}, {"symbol": "UTG_CFD.UK", "qty": 5.9405940594059405, "avg_price": 505.0, "last_price": 505.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-27T18:23:55.960577+00:00"}, {"symbol": "WIZZ_CFD.UK", "qty": 2.3094688221709005, "avg_price": 1299.0, "last_price": 1299.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-25T17:57:28.313088+00:00"}, {"symbol": "ZAL_CFD.DE", "qty": 0.0, "avg_price": 21.078, "last_price": 20.775, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T09:33:44.817899+00:00"}, {"symbol": "ZION_CFD.US", "qty": 0.0, "avg_price": 58.99, "last_price": 57.21, "unrealized_pnl": 0.0, "opened_at": "2026-02-23T18:14:12.978497+00:00"}], "candidates": [{"symbol": "UKW_CFD.UK", "mean_reversion_score": 72, "selection_reason": "Down -2.2% 1d, -12.5% below MA200, -6.8% below MA50; lowest volatility in universe (32.6%) makes mean-reversion more reliable over 2-10 day horizon."}, {"symbol": "TCAP_CFD.UK", "mean_reversion_score": 65, "selection_reason": "Down -3.0% 1d, near MA50 (0.06% above), only -4.0% below MA200; sharp 1d drop from near-equilibrium level suggests short-term overshoot suitable for reversion."}, {"symbol": "OCDO_CFD.UK", "mean_reversion_score": 62, "selection_reason": "Down -2.2% 1d, -16.0% below MA200, -5.3% below MA50; moderate 1d selloff in already depressed name offers reversion setup toward MA50."}, {"symbol": "BYIT_CFD.UK", "mean_reversion_score": 60, "selection_reason": "Down -2.6% 1d, deeply oversold at -29.9% below MA200 and -16.6% below MA50; stretched displacement supports short-term bounce toward MA50."}, {"symbol": "UTG_CFD.UK", "mean_reversion_score": 58, "selection_reason": "Despite +3.5% 1d bounce, still -23.9% below MA200 and -3.7% below MA50; relatively low volatility (73.8%) vs peers; early-stage reversion from deeply oversold level."}], "output_schema": {"actions": {"sell": [{"symbol": "string", "reason": "string"}], "hold": [{"symbol": "string", "reason": "string"}], "buy": [{"symbol": "string", "position_size": "number (currency amount)", "reason": "string"}]}, "portfolio_rationale": "string"}}

{
  "actions": {
    "buy": [
      {
        "reason": "MR score 65. Sharp -3.0% 1d drop from near MA50 equilibrium, only -4.0% below MA200. Clean mean-reversion setup with moderate displacement. Not currently held.",
        "symbol": "TCAP_CFD.UK",
        "position_size": 3000
      }
    ],
    "hold": [
      {
        "reason": "Already held; candidate with MR score 60, deeply oversold at -29.9% below MA200. Current position at breakeven. Hold for mean-reversion bounce toward MA50.",
        "symbol": "BYIT_CFD.UK"
      },
      {
        "reason": "Unrealized PnL +$58.35 (+1.9%). Position showing early reversion. Hold to capture further upside.",
        "symbol": "CABO_CFD.US"
      },
      {
        "reason": "Unrealized PnL +$170.83 (+5.7%). Strong reversion in progress. Hold to let the trade mature.",
        "symbol": "CAR_CFD.US"
      },
      {
        "reason": "Position at breakeven. No negative signal. Hold.",
        "symbol": "CCC_CFD.UK"
      },
      {
        "reason": "Recently opened position at breakeven. Hold for reversion signal to develop.",
        "symbol": "DLN_CFD.UK"
      },
      {
        "reason": "Unrealized PnL +$117.42 (+3.9%). Reversion working well. Hold.",
        "symbol": "FRE_CFD.DE"
      },
      {
        "reason": "Already held; candidate with MR score 62, -16% below MA200. At breakeven. Hold for bounce toward MA50.",
        "symbol": "OCDO_CFD.UK"
      },
      {
        "reason": "Unrealized PnL +$100.88 (+3.4%). Reversion progressing. Hold.",
        "symbol": "OKTA_CFD.US"
      },
      {
        "reason": "Recently opened at breakeven. Hold for reversion to develop.",
        "symbol": "PROX_CFD.BE"
      },
      {
        "reason": "Unrealized PnL +$38.61 (+1.3%). Positive trend. Hold.",
        "symbol": "STJ_CFD.UK"
      },
      {
        "reason": "Already held; top candidate with MR score 72, -12.5% below MA200. At breakeven. Hold for mean-reversion bounce.",
        "symbol": "UKW_CFD.UK"
      },
      {
        "reason": "Already held; candidate with MR score 58, -23.9% below MA200. At breakeven. Hold for reversion.",
        "symbol": "UTG_CFD.UK"
      },
      {
        "reason": "Position at breakeven. Hold for reversion signal to develop.",
        "symbol": "WIZZ_CFD.UK"
      }
    ],
    "sell": []
  },
  "portfolio_rationale": "Portfolio currently holds 13 active positions (non-zero qty) with total gross exposure ~$33k against $10k equity (~3.3x leverage, near limit). Adding one new position (TCAP) brings us close to max leverage. All existing positions are either at breakeven or showing positive unrealized PnL, indicating mean-reversion thesis is working. No sells warranted as no positions show deterioration or risk events. UKW, OCDO, BYIT, and UTG are already held and appear as candidates — confirming our existing thesis. Only one buy (TCAP) is executed to stay within leverage constraints and avoid overtrading. The second buy slot is left unused as adding more would breach the ~3.0x gross leverage cap."
}

{
  "selected_stocks": [
    {
      "symbol": "UKW_CFD.UK",
      "selection_reason": "Down -2.2% 1d, -12.5% below MA200, -6.8% below MA50; lowest volatility in universe (32.6%) makes mean-reversion more reliable over 2-10 day horizon.",
      "mean_reversion_score": 72
    },
    {
      "symbol": "TCAP_CFD.UK",
      "selection_reason": "Down -3.0% 1d, near MA50 (0.06% above), only -4.0% below MA200; sharp 1d drop from near-equilibrium level suggests short-term overshoot suitable for reversion.",
      "mean_reversion_score": 65
    },
    {
      "symbol": "OCDO_CFD.UK",
      "selection_reason": "Down -2.2% 1d, -16.0% below MA200, -5.3% below MA50; moderate 1d selloff in already depressed name offers reversion setup toward MA50.",
      "mean_reversion_score": 62
    },
    {
      "symbol": "BYIT_CFD.UK",
      "selection_reason": "Down -2.6% 1d, deeply oversold at -29.9% below MA200 and -16.6% below MA50; stretched displacement supports short-term bounce toward MA50.",
      "mean_reversion_score": 60
    },
    {
      "symbol": "UTG_CFD.UK",
      "selection_reason": "Despite +3.5% 1d bounce, still -23.9% below MA200 and -3.7% below MA50; relatively low volatility (73.8%) vs peers; early-stage reversion from deeply oversold level.",
      "mean_reversion_score": 58
    }
  ],
  "rejected_common_reasons": [
    "BIG_CFD.FR: Extreme volatility (12311%), -23.5% 1d drop suggests distressed/binary event, not mean-reversion candidate.",
    "WPP_CFD.UK: +12.1% 1d spike likely event-driven; chasing momentum not mean-reversion.",
    "PROX_CFD.BE: -15.7% 1d crash suggests news-driven binary move; too risky for mean-reversion.",
    "NVDA_CFD.US: Missing MA200 data; -5.5% 1d drop may be event-driven (earnings proximity unknown); US stock in EU scan.",
    "PZC_CFD.UK: Trading +14.6% above both MA200 and MA50; not oversold, no mean-reversion setup.",
    "WIZZ_CFD.UK: Trading +12.3% above MA200, +8.2% above MA50; extended to upside, no oversold reversion signal.",
    "MKS_CFD.UK, HMSO_CFD.UK: Above both MAs, no oversold condition for long mean-reversion.",
    "CCC_CFD.UK, WKP_CFD.UK: Near or above MAs; insufficient displacement for high-conviction reversion.",
    "FUTR_CFD.UK: Deeply oversold but +3.4% 1d bounce already; extremely high volatility reduces conviction.",
    "ATG_CFD.UK: Extremely high volatility (8662%) undermines mean-reversion reliability despite oversold technicals.",
    "ZBH_CFD.US: +8.9% above MA50, not oversold; US stock.",
    "IPO_CFD.UK: Above MA200, mixed signals; extremely high volatility."
  ]
}