{
    "timestamp": "2026-10-16T00:50:33Z",
    "source": "flynn-handbook",
    "data_source": "Yahoo Finance (yfinance — BLK, STT, JPM, GS, MS)",
    "system_dr": 0.565,
    "indices": {
        "ehi": 0.825,
        "hri": 0.822,
        "iri": 0.834
    },
    "alpha_multiplier": 1.1661,
    "asset_managers": {
        "BLK": {
            "ticker": "BLK",
            "name": "BlackRock",
            "price": 1120.78,
            "change_pct": 2.5,
            "period_return": 3.1,
            "volatility": 0.2428,
            "avg_volume": 609919,
            "data_points": 65,
            "fetch_time": "2026-10-15T23:00:29Z",
            "dr_current": 0.07,
            "alpha": 0.006
        },
        "STT": {
            "ticker": "STT",
            "name": "State Street",
            "price": 167.6,
            "change_pct": -10.18,
            "period_return": -9.73,
            "volatility": 0.2184,
            "avg_volume": 1965977,
            "data_points": 65,
            "fetch_time": "2026-10-15T23:00:29Z",
            "dr_current": 0.05,
            "alpha": -0.1223
        },
        "JPM": {
            "ticker": "JPM",
            "name": "JP Morgan Chase",
            "price": 335.53,
            "change_pct": -3.28,
            "period_return": -2.22,
            "volatility": 0.1691,
            "avg_volume": 7259413,
            "data_points": 65,
            "fetch_time": "2026-10-15T23:00:29Z",
            "dr_current": 0.059,
            "alpha": -0.0472
        },
        "GS": {
            "ticker": "GS",
            "name": "Goldman Sachs",
            "price": 891.28,
            "change_pct": -22.64,
            "period_return": -18.64,
            "volatility": 0.2811,
            "avg_volume": 2066755,
            "data_points": 65,
            "fetch_time": "2026-10-15T23:00:29Z",
            "dr_current": 0.05,
            "alpha": -0.2114
        },
        "MS": {
            "ticker": "MS",
            "name": "Morgan Stanley",
            "price": 182.1,
            "change_pct": -20.32,
            "period_return": -16.61,
            "volatility": 0.2442,
            "avg_volume": 5220924,
            "data_points": 65,
            "fetch_time": "2026-10-15T23:00:30Z",
            "dr_current": 0.05,
            "alpha": -0.1911
        }
    },
    "externalities": {
        "carbon_exposure": {
            "label": "Carbon Exposure",
            "axis": "EHI",
            "burden": 0.342,
            "detail": "Portfolio-CO₂-Intensität (Proxy: Handelsvolumen-Konzentration)"
        },
        "resource_depletion": {
            "label": "Resource Depletion",
            "axis": "EHI",
            "burden": 0.514,
            "detail": "Naturkapital-Abbau (Proxy: Volatilitäts-Instabilität)"
        },
        "biodiversity_impact": {
            "label": "Biodiversity Impact",
            "axis": "EHI",
            "burden": 0.618,
            "detail": "Ökosystem-Druck (Proxy: Rendite-Divergenz der 5 Fonds)"
        },
        "wage_inequality": {
            "label": "Wage Inequality",
            "axis": "HRI",
            "burden": 0.85,
            "detail": "Lohnschere (Proxy: Preis-Spread \/ Konzentration der 5 Fonds)"
        },
        "labor_chain_burden": {
            "label": "Labor Chain Burden",
            "axis": "HRI",
            "burden": 0.534,
            "detail": "Lieferketten-Belastung (Proxy: Anteil negativer Handelstage)"
        },
        "housing_displacement": {
            "label": "Housing Displacement",
            "axis": "HRI",
            "burden": 0,
            "detail": "Wohnungsverdrängung (Proxy: Vermögenspreisinflation)"
        },
        "tax_optimization": {
            "label": "Tax Optimization",
            "axis": "IRI",
            "burden": 0.3,
            "detail": "Steueroptimierung (Proxy: Rendite-Risiko-Effizienz)"
        },
        "systemic_concentration": {
            "label": "Systemic Concentration",
            "axis": "IRI",
            "burden": 1,
            "detail": "Systemische Konzentration (Proxy: Volumen-HHI der 5 Fonds)"
        }
    },
    "flynn_parameters": {
        "dr_zero": 0.85,
        "beta": 0.3,
        "gamma": 0.25,
        "formula": "DR = DR₀ × (1 − β × EHI × HRI) × IRI"
    },
    "hedging_recommendation": {
        "action": "MONITOR",
        "target_hedge_ratio": 0.64,
        "instruments": [
            "FX_FORWARD"
        ],
        "trigger_reason": "DR in neutral zone (0.50–0.70)",
        "ttl_seconds": 1800
    },
    "integrity_status": {
        "iri_label": "NEUTRAL",
        "iri_score": 0.565,
        "iri_scale": {
            "CRITICAL": [
                0,
                0.3
            ],
            "VULNERABLE": [
                0.3,
                0.5
            ],
            "NEUTRAL": [
                0.5,
                0.7
            ],
            "RESILIENT": [
                0.7,
                0.9
            ],
            "SOVEREIGN": [
                0.9,
                1
            ]
        }
    },
    "manifest_updated": "2026-10-15T23:00:30Z",
    "manifest_hash": "0af17e67f4c138f305f8192da988d24180009e7a43c94c444aa187e3e85358d7"
}