Arena run #371

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": "CCL_CFD.UK", "name": "CARNIVAL PLC", "sector": "", "last_price": 2385.0, "change_1d_pct": -1.6089108910891103, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 7.926929998438448, "volatility_20d_pct": 4392.230277210259, "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": "DLN_CFD.UK", "name": "DERWENT LONDON PLC", "sector": "", "last_price": 1953.0, "change_1d_pct": 10.401356698699837, "distance_from_ma200_pct": 5.069478604951705, "distance_from_ma50_pct": 12.150447212111025, "volatility_20d_pct": 115.39088732649292, "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": "TUI1_CFD.DE", "name": "", "sector": "", "last_price": 7.406, "change_1d_pct": -6.027153914477868, "distance_from_ma200_pct": -7.568442223724048, "distance_from_ma50_pct": -16.089589036129304, "volatility_20d_pct": 88.80272391003092, "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": "CRDA_CFD.UK", "name": "CRODA INTERNATIONAL PLC", "sector": "", "last_price": 3121.0, "change_1d_pct": 13.367235742826011, "distance_from_ma200_pct": 10.093851216079353, "distance_from_ma50_pct": 9.83246554776207, "volatility_20d_pct": 109.18178749390499, "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": "ADJ_CFD.DE", "name": "ADLER GROUP SA", "sector": "", "last_price": 0.199, "change_1d_pct": -4.784688995215303, "distance_from_ma200_pct": -5.481143725657822, "distance_from_ma50_pct": 2.6619892695006087, "volatility_20d_pct": 307.67398813688357, "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": "EZJ_CFD.UK", "name": "EASYJET PLC", "sector": "", "last_price": 463.4, "change_1d_pct": -4.216618437370823, "distance_from_ma200_pct": -7.198662250893051, "distance_from_ma50_pct": -5.177155429252423, "volatility_20d_pct": 79.61549927100283, "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": "HIK_CFD.UK", "name": "HIKMA PHARMACEUTICALS PLC", "sector": "", "last_price": 1342.0, "change_1d_pct": -14.24920127795527, "distance_from_ma200_pct": -25.484908209150536, "distance_from_ma50_pct": -13.193905410076656, "volatility_20d_pct": 150.6436529845701, "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": "PSN_CFD.UK", "name": "", "sector": "", "last_price": 1534.5, "change_1d_pct": 7.382785164450656, "distance_from_ma200_pct": 21.219431937066368, "distance_from_ma50_pct": 9.190705106538676, "volatility_20d_pct": 86.88935643255697, "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": "STM_CFD.DE", "name": "", "sector": "", "last_price": 18.48, "change_1d_pct": -3.251138683838539, "distance_from_ma200_pct": -18.91400935999108, "distance_from_ma50_pct": -6.520971574888945, "volatility_20d_pct": 66.36614189699937, "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": "SRT3_CFD.DE", "name": "SARTORIUS AG-VORZUG", "sector": "", "last_price": 232.039, "change_1d_pct": -2.0820937406371254, "distance_from_ma200_pct": 4.5173075894017645, "distance_from_ma50_pct": -5.142892930212617, "volatility_20d_pct": 71.76521948201356, "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": "IFX_CFD.DE", "name": "", "sector": "", "last_price": 44.725, "change_1d_pct": -3.7136706135629693, "distance_from_ma200_pct": 22.3777371843352, "distance_from_ma50_pct": 7.200262314068384, "volatility_20d_pct": 59.71969804472953, "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": "BRBY_CFD.UK", "name": "BURBERRY GROUP PLC", "sector": "", "last_price": 1160.5, "change_1d_pct": -1.4646571853109691, "distance_from_ma200_pct": -2.711772076777963, "distance_from_ma50_pct": -5.162603027899426, "volatility_20d_pct": 121.74049854554332, "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": "KRN_CFD.DE", "name": "KRONES AG", "sector": "", "last_price": 128.715, "change_1d_pct": -3.0760542168674743, "distance_from_ma200_pct": -3.49026122524142, "distance_from_ma50_pct": -6.183896327137606, "volatility_20d_pct": 46.48685634229259, "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": "PHARM_CFD.NL", "name": "Pharming Group", "sector": "", "last_price": 1.3820000000000001, "change_1d_pct": -2.949438202247179, "distance_from_ma200_pct": 36.789021245849106, "distance_from_ma50_pct": 4.229516109569187, "volatility_20d_pct": 60.12090160597311, "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": "CFEB_CFD.BE", "name": "Compagnie d'Entreprises CFE SA", "sector": "", "last_price": 12.1, "change_1d_pct": 18.048780487804873, "distance_from_ma200_pct": 41.14861140679087, "distance_from_ma50_pct": 27.1139255931808, "volatility_20d_pct": 137.75652270791497, "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": "JUN3_CFD.DE", "name": "", "sector": "", "last_price": 31.68, "change_1d_pct": -10.983730928095758, "distance_from_ma200_pct": -7.089799116883844, "distance_from_ma50_pct": -12.138966867404722, "volatility_20d_pct": 57.15621965909373, "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": "INGA_CFD.NL", "name": "", "sector": "", "last_price": 23.815, "change_1d_pct": -4.1495612975931735, "distance_from_ma200_pct": 9.918157935061744, "distance_from_ma50_pct": -3.352450460775258, "volatility_20d_pct": 47.47631522492976, "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": "TTK_CFD.DE", "name": "TAKKT AG", "sector": "", "last_price": 3.185, "change_1d_pct": -3.4848484848484795, "distance_from_ma200_pct": -34.88139110522738, "distance_from_ma50_pct": -13.07456755620814, "volatility_20d_pct": 70.75710328425185, "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": "IMCD_CFD.NL", "name": "", "sector": "", "last_price": 78.935, "change_1d_pct": 1.762324669966997, "distance_from_ma200_pct": -28.33291984903926, "distance_from_ma50_pct": -10.138487025151887, "volatility_20d_pct": 127.85997469001028, "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": "PHIA_CFD.NL", "name": "", "sector": "", "last_price": 26.67, "change_1d_pct": 0.7555723460521468, "distance_from_ma200_pct": 14.469562127099422, "distance_from_ma50_pct": 6.556820315715051, "volatility_20d_pct": 60.63581752858954, "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": "DPLM_CFD.UK", "name": "DIPLOMA PLC", "sector": "", "last_price": 5690.0, "change_1d_pct": 4.117108874656905, "distance_from_ma200_pct": 14.824491672580775, "distance_from_ma50_pct": 3.6901672199846303, "volatility_20d_pct": 69.89514307567694, "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": "TLX_CFD.DE", "name": "TALANX AG", "sector": "", "last_price": 105.8, "change_1d_pct": -1.41173181754648, "distance_from_ma200_pct": -5.0515620274453, "distance_from_ma50_pct": -2.840973999950769, "volatility_20d_pct": 37.924895211006124, "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": "SEM_CFD.PT", "name": "Semapa-Sociedade de Investimento e Gestao SGPS SA", "sector": "", "last_price": 23.9, "change_1d_pct": 4.139433551198257, "distance_from_ma200_pct": 31.34892043827673, "distance_from_ma50_pct": 11.563381070635014, "volatility_20d_pct": 132.63194886766468, "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": "MNDI_CFD.UK", "name": "MONDI PLC", "sector": "", "last_price": 875.4, "change_1d_pct": -2.3427041499330614, "distance_from_ma200_pct": -12.574544831361955, "distance_from_ma50_pct": -2.301113459277171, "volatility_20d_pct": 97.34197637108583, "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": 265.0, "change_1d_pct": 7.72357723577235, "distance_from_ma200_pct": -1.0410112189618959, "distance_from_ma50_pct": 3.1700858141521238, "volatility_20d_pct": 67.76567663345816, "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": "PSON_CFD.UK", "name": "PEARSON PLC", "sector": "", "last_price": 960.0, "change_1d_pct": 3.7837837837837895, "distance_from_ma200_pct": -9.857021968970525, "distance_from_ma50_pct": -0.9828687985880102, "volatility_20d_pct": 93.99465016573882, "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": 57.6, "change_1d_pct": -1.873935264054516, "distance_from_ma200_pct": 10.233643652522883, "distance_from_ma50_pct": -2.027486732888828, "volatility_20d_pct": 89.82123635439407, "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": 305.0, "change_1d_pct": 4.2735042735042805, "distance_from_ma200_pct": -30.344980756373573, "distance_from_ma50_pct": -1.1704016694101371, "volatility_20d_pct": 159.9931345477538, "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": "BLND_CFD.UK", "name": "BRITISH LAND CO PLC", "sector": "", "last_price": 412.2, "change_1d_pct": -1.1036468330134386, "distance_from_ma200_pct": 10.038592258830414, "distance_from_ma50_pct": 2.655801721389861, "volatility_20d_pct": 88.77968057978609, "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": "NVG_CFD.PT", "name": "", "sector": "", "last_price": 3.356, "change_1d_pct": 0.1791044776119355, "distance_from_ma200_pct": 3.7278349750725637, "distance_from_ma50_pct": 2.9056432522598596, "volatility_20d_pct": 52.099570570268426, "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": "KBX_CFD.DE", "name": "", "sector": "", "last_price": 109.0, "change_1d_pct": -4.049295774647888, "distance_from_ma200_pct": 21.884270437937438, "distance_from_ma50_pct": 7.164297024824173, "volatility_20d_pct": 48.48861409468244, "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": 3060.0, "change_1d_pct": -6.877662811929397, "distance_from_ma200_pct": 20.590448668980944, "distance_from_ma50_pct": 5.284743621327226, "volatility_20d_pct": 97.14510937756963, "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": "KWS_CFD.DE", "name": "KWS SAAT AG", "sector": "", "last_price": 64.42, "change_1d_pct": 0.6829939202600777, "distance_from_ma200_pct": -1.2463244263659967, "distance_from_ma50_pct": -7.841089540922175, "volatility_20d_pct": 50.800052249529216, "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": "IMI_CFD.UK", "name": "", "sector": "", "last_price": 2904.0, "change_1d_pct": 16.814159292035402, "distance_from_ma200_pct": 32.70582912867817, "distance_from_ma50_pct": 14.464370599684507, "volatility_20d_pct": 76.61600707633436, "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": 300.4, "change_1d_pct": -12.674418604651173, "distance_from_ma200_pct": -28.03446775272175, "distance_from_ma50_pct": -14.34777426817815, "volatility_20d_pct": 87.82535981934274, "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": "KTN_CFD.DE", "name": "Kontron AG.", "sector": "", "last_price": 22.959, "change_1d_pct": -0.0913838120104482, "distance_from_ma200_pct": -5.965915665036492, "distance_from_ma50_pct": -1.7566471198381395, "volatility_20d_pct": 69.97115181548287, "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": "LSEG_CFD.UK", "name": "LONDON STOCK EXCHANGE GROUP", "sector": "", "last_price": 8722.0, "change_1d_pct": 11.59160696008188, "distance_from_ma200_pct": -7.064320983767114, "distance_from_ma50_pct": 4.301196215854053, "volatility_20d_pct": 108.30311237955601, "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": 423.0, "change_1d_pct": 3.6764705882353033, "distance_from_ma200_pct": 1.8640028868691871, "distance_from_ma50_pct": 5.808194506978848, "volatility_20d_pct": 70.2233148398582, "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": "SON_CFD.PT", "name": "", "sector": "", "last_price": 1.982, "change_1d_pct": -0.5020080321285092, "distance_from_ma200_pct": 37.00523965548228, "distance_from_ma50_pct": 11.303293050002239, "volatility_20d_pct": 36.564400336260185, "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": "TKA_CFD.DE", "name": "", "sector": "", "last_price": 10.176, "change_1d_pct": -2.947067238912726, "distance_from_ma200_pct": 1.745704728485653, "distance_from_ma50_pct": -3.5238080791226034, "volatility_20d_pct": 90.60182893779454, "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": "COTY_CFD.US", "name": "Coty Inc", "sector": "", "last_price": 2.56, "change_1d_pct": -2.6615969581748944, "distance_from_ma200_pct": -36.2629154736711, "distance_from_ma50_pct": -14.712153518123671, "volatility_20d_pct": 143.05101183306888, "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": "XFAB_CFD.FR", "name": "", "sector": "", "last_price": 4.578, "change_1d_pct": -4.025157232704391, "distance_from_ma200_pct": -21.9185722253207, "distance_from_ma50_pct": -8.17701898236548, "volatility_20d_pct": 98.56420312270438, "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": "MCG_CFD.UK", "name": "MOBICO GROUP PLC", "sector": "", "last_price": 31.26, "change_1d_pct": 23.851030110935035, "distance_from_ma200_pct": 12.691085471826336, "distance_from_ma50_pct": 32.023515896881435, "volatility_20d_pct": 210.87769115491298, "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": "INH_CFD.DE", "name": "", "sector": "", "last_price": 30.1, "change_1d_pct": -0.8629207562084074, "distance_from_ma200_pct": 21.020325986943877, "distance_from_ma50_pct": -0.9017610514290175, "volatility_20d_pct": 48.59593981670927, "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": "HLMA_CFD.UK", "name": "", "sector": "", "last_price": 4094.0, "change_1d_pct": 15.129358830146234, "distance_from_ma200_pct": 23.539538747901734, "distance_from_ma50_pct": 12.05386468141012, "volatility_20d_pct": 82.52949509931263, "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": 423.6, "change_1d_pct": -20.82242990654205, "distance_from_ma200_pct": -37.68377383888033, "distance_from_ma50_pct": -24.301477407850992, "volatility_20d_pct": 153.59085037557008, "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": "SZG_CFD.DE", "name": "Salzgitter AG", "sector": "", "last_price": 53.504, "change_1d_pct": -1.0101757631822417, "distance_from_ma200_pct": 70.62081402366348, "distance_from_ma50_pct": 10.998484309721945, "volatility_20d_pct": 99.2257130844724, "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": "TUI1_CFD.DE",
      "selection_reason": "Down 6% 1d, trading -16% below MA50 and -7.6% below MA200; moderate volatility (89%) supports reversion; oversold on both timeframes.",
      "mean_reversion_score": 78
    },
    {
      "symbol": "STM_CFD.DE",
      "selection_reason": "Down 3.3% 1d, -18.9% below MA200 and -6.5% below MA50; lowest volatility among deeply oversold names (66%); clean mean-reversion setup.",
      "mean_reversion_score": 74
    },
    {
      "symbol": "KRN_CFD.DE",
      "selection_reason": "Down 3.1% 1d, -6.2% below MA50 and -3.5% below MA200; low volatility (46%) implies controlled reversion; steady pullback pattern.",
      "mean_reversion_score": 72
    },
    {
      "symbol": "EZJ_CFD.UK",
      "selection_reason": "Down 4.2% 1d, -7.2% below MA200 and -5.2% below MA50; moderate volatility (80%); sharp single-day drop in otherwise liquid name favors bounce.",
      "mean_reversion_score": 70
    },
    {
      "symbol": "UKW_CFD.UK",
      "selection_reason": "Down 2.2% 1d, -12.5% below MA200 and -6.8% below MA50; lowest volatility in universe (33%) provides high-conviction, low-risk reversion candidate.",
      "mean_reversion_score": 68
    }
  ],
  "rejected_common_reasons": [
    "Massive 1d spike >10% (DLN, CRDA, CFEB, IMI, MCG, HLMA, LSEG) — momentum/event-driven, not mean-reversion short candidates and too extended for long entry",
    "Extreme volatility >130% (ADJ, FUTR, MCG, COTY) — unreliable reversion, potential binary/distressed situations",
    "FUTR down 21% and BYIT down 13% in 1d — likely earnings or event-driven crash, binary risk too high without confirmed catalyst info",
    "HIK down 14% 1d — extreme single-day move suggests material news event, avoid binary risk",
    "Stocks near or above MA50/MA200 (BLND, NVG, BTRW, KTN, INH) — insufficient dislocation for mean-reversion setup",
    "CCL volatility 4392% — data anomaly, unreliable for strategy",
    "COTY_CFD.US excluded — US-listed stock in EU universe scan, sector unknown, deeply distressed profile"
  ]
}

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": 50.58, "unrealized_pnl": 86.90698999104887, "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": 7.27, "unrealized_pnl": 124.64183381088787, "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": 1304.0, "unrealized_pnl": 51.482059282371296, "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": "TCAP_CFD.UK", "qty": 11.673151750972762, "avg_price": 257.0, "last_price": 257.0, "unrealized_pnl": 0.0, "opened_at": "2026-03-01T10:30:13.622938+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": "TUI1_CFD.DE", "mean_reversion_score": 78, "selection_reason": "Down 6% 1d, trading -16% below MA50 and -7.6% below MA200; moderate volatility (89%) supports reversion; oversold on both timeframes."}, {"symbol": "STM_CFD.DE", "mean_reversion_score": 74, "selection_reason": "Down 3.3% 1d, -18.9% below MA200 and -6.5% below MA50; lowest volatility among deeply oversold names (66%); clean mean-reversion setup."}, {"symbol": "KRN_CFD.DE", "mean_reversion_score": 72, "selection_reason": "Down 3.1% 1d, -6.2% below MA50 and -3.5% below MA200; low volatility (46%) implies controlled reversion; steady pullback pattern."}, {"symbol": "EZJ_CFD.UK", "mean_reversion_score": 70, "selection_reason": "Down 4.2% 1d, -7.2% below MA200 and -5.2% below MA50; moderate volatility (80%); sharp single-day drop in otherwise liquid name favors bounce."}, {"symbol": "UKW_CFD.UK", "mean_reversion_score": 68, "selection_reason": "Down 2.2% 1d, -12.5% below MA200 and -6.8% below MA50; lowest volatility in universe (33%) provides high-conviction, low-risk reversion candidate."}], "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": "Highest mean-reversion score (78). Down 6% in 1 day, -16% below MA50, -7.6% below MA200. Sharp oversold drop supports bounce thesis.",
        "symbol": "TUI1_CFD.DE",
        "position_size": 3000
      },
      {
        "reason": "Score 74. Down 3.3% 1d, -18.9% below MA200, lowest volatility (66%) among deeply oversold names. Clean mean-reversion setup with controlled risk.",
        "symbol": "STM_CFD.DE",
        "position_size": 3000
      }
    ],
    "hold": [
      {
        "reason": "Positive PnL (+$58), position trending in our favor. Hold for further mean-reversion toward fair value.",
        "symbol": "CABO_CFD.US"
      },
      {
        "reason": "Strong positive PnL (+$171), mean-reversion thesis playing out well. Continue holding.",
        "symbol": "CAR_CFD.US"
      },
      {
        "reason": "Positive PnL (+$101), reverting toward mean as expected. Hold.",
        "symbol": "OKTA_CFD.US"
      },
      {
        "reason": "Positive PnL (+$87), reversion in progress. Hold.",
        "symbol": "FRE_CFD.DE"
      },
      {
        "reason": "Positive PnL (+$125), strong reversion. Hold.",
        "symbol": "PROX_CFD.BE"
      },
      {
        "reason": "Positive PnL (+$51), reversion working. Hold.",
        "symbol": "STJ_CFD.UK"
      },
      {
        "reason": "Flat at entry, recently opened. Give time for thesis to develop.",
        "symbol": "DLN_CFD.UK"
      },
      {
        "reason": "Already held, flat PnL. Candidate list confirms continued mean-reversion potential (-12.5% below MA200). Hold for bounce.",
        "symbol": "UKW_CFD.UK"
      },
      {
        "reason": "Recently opened, flat. Allow time for mean-reversion to play out.",
        "symbol": "TCAP_CFD.UK"
      },
      {
        "reason": "Flat at entry, relatively recent. Hold.",
        "symbol": "UTG_CFD.UK"
      },
      {
        "reason": "Flat at entry. Hold for reversion.",
        "symbol": "WIZZ_CFD.UK"
      },
      {
        "reason": "Flat at entry. Hold.",
        "symbol": "CCC_CFD.UK"
      }
    ],
    "sell": [
      {
        "reason": "Zero unrealized PnL, flat at avg_price for extended period; no mean-reversion catalyst visible. Freeing capital for higher-conviction candidates.",
        "symbol": "OCDO_CFD.UK"
      },
      {
        "reason": "Zero unrealized PnL, flat at avg_price since mid-Feb; stale position with no momentum. Replacing with fresher mean-reversion setups.",
        "symbol": "BYIT_CFD.UK"
      }
    ]
  },
  "portfolio_rationale": "Portfolio has 12 active positions (non-zero qty). Selling 2 stale flat positions (OCDO, BYIT) that show no reversion progress after 1-2 weeks, freeing capital. Buying 2 fresh high-conviction mean-reversion candidates (TUI1, STM) with strong oversold signals. Remaining winners (CAR, OKTA, PROX, FRE, CABO, STJ) are held as reversion thesis is playing out. Newer flat positions (DLN, TCAP, UTG, WIZZ, UKW, CCC) are given more time. After trades: ~14 active positions with gross exposure well within 3x leverage limit. Zero-qty legacy positions are ignored as they carry no risk."
}

{
  "selected_stocks": [
    {
      "symbol": "TUI1_CFD.DE",
      "selection_reason": "Down 6% 1d, trading -16% below MA50 and -7.6% below MA200; moderate volatility (89%) supports reversion; oversold on both timeframes.",
      "mean_reversion_score": 78
    },
    {
      "symbol": "STM_CFD.DE",
      "selection_reason": "Down 3.3% 1d, -18.9% below MA200 and -6.5% below MA50; lowest volatility among deeply oversold names (66%); clean mean-reversion setup.",
      "mean_reversion_score": 74
    },
    {
      "symbol": "KRN_CFD.DE",
      "selection_reason": "Down 3.1% 1d, -6.2% below MA50 and -3.5% below MA200; low volatility (46%) implies controlled reversion; steady pullback pattern.",
      "mean_reversion_score": 72
    },
    {
      "symbol": "EZJ_CFD.UK",
      "selection_reason": "Down 4.2% 1d, -7.2% below MA200 and -5.2% below MA50; moderate volatility (80%); sharp single-day drop in otherwise liquid name favors bounce.",
      "mean_reversion_score": 70
    },
    {
      "symbol": "UKW_CFD.UK",
      "selection_reason": "Down 2.2% 1d, -12.5% below MA200 and -6.8% below MA50; lowest volatility in universe (33%) provides high-conviction, low-risk reversion candidate.",
      "mean_reversion_score": 68
    }
  ],
  "rejected_common_reasons": [
    "Massive 1d spike >10% (DLN, CRDA, CFEB, IMI, MCG, HLMA, LSEG) — momentum/event-driven, not mean-reversion short candidates and too extended for long entry",
    "Extreme volatility >130% (ADJ, FUTR, MCG, COTY) — unreliable reversion, potential binary/distressed situations",
    "FUTR down 21% and BYIT down 13% in 1d — likely earnings or event-driven crash, binary risk too high without confirmed catalyst info",
    "HIK down 14% 1d — extreme single-day move suggests material news event, avoid binary risk",
    "Stocks near or above MA50/MA200 (BLND, NVG, BTRW, KTN, INH) — insufficient dislocation for mean-reversion setup",
    "CCL volatility 4392% — data anomaly, unreliable for strategy",
    "COTY_CFD.US excluded — US-listed stock in EU universe scan, sector unknown, deeply distressed profile"
  ]
}