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  "evaluation_end": "2026-11-06",
  "protocol": {
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      "Energy": "XLE",
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      "Industrials": "XLI",
      "Information Technology": "XLK",
      "Materials": "XLB",
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      "Utilities": "XLU"
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  "limitations": [
    "Current sector references and adjusted-price vintage are not point-in-time histories.",
    "Earlier training prices were acquired later than the original snapshot cutoff; all original overlapping bars were preserved and checked, and the later observation time is explicit.",
    "Fixed eligibility uses full evaluation support for a descriptive matched comparison, not a prospective strategy.",
    "20 overlapping sessions do not provide independent observations or calibrated significance.",
    "ETF sector self-inclusion and correlated factors can change residual structure; residuals are not causal shocks.",
    "Lower co-membership disagreement alone may reflect fragmentation; inspect ARI, connectivity and community sizes.",
    "No claim of anomaly detection, causal transmission, prospective prediction, or verified current KIC holdings."
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