{
  "description": "Fixed 60% ELM / 10% FBTC / 30% GLDM policy risk diagnostic, not a backtest",
  "source": "results.json",
  "formula": "variance=w.T@covariance@w; share_i=w_i*(covariance@w)_i/variance",
  "cases": [
    {
      "label": "current-target",
      "annualVolatility": 0.118510664725641,
      "varianceShares": {
        "ELM": 0.32756134470013254,
        "FBTC": 0.34460516490577603,
        "GLDM": 0.32783349039409143,
        "PDBC": 0.0
      },
      "lookThrough": {
        "SPY": 0.16056,
        "VXUS": 0.16007999999999997,
        "SCHP": 0.05586,
        "IEF": 0.027960000000000002,
        "SPAXX": 0.19554000000000002,
        "GLDM": 0.3,
        "FBTC": 0.1
      }
    },
    {
      "label": "baseline-sensitivity",
      "annualVolatility": 0.1341682666167111,
      "varianceShares": {
        "ELM": 0.4445892982023589,
        "FBTC": 0.28868540478128507,
        "GLDM": 0.26672529701635617,
        "PDBC": 0.0
      },
      "lookThrough": {
        "SPY": 0.273,
        "VXUS": 0.177,
        "SCHP": 0.06,
        "IEF": 0.03,
        "SPAXX": 0.06,
        "GLDM": 0.3,
        "FBTC": 0.1
      }
    }
  ]
}