{
  "synthetic": true,
  "seed": 20261003,
  "training": {
    "phi": 0.9137845061697871,
    "mu": 99.91726784521141,
    "scale": 1.444232471002741,
    "half_life": 7.687924747431659
  },
  "scenarios": [
    {
      "scenario": "Stable AR(1)",
      "cost_bps": 5.0,
      "gross_pct": 21.074360026094823,
      "cost_pct": 1.1941692785072657,
      "net_pct": 19.880190747587555,
      "turnover_x": 23.883385570145315,
      "round_trips": 12,
      "exposed_pct": 25.81453634085213,
      "max_drawdown_pct_initial": 2.501567691137282
    },
    {
      "scenario": "Stable AR(1), cost stress",
      "cost_bps": 50.0,
      "gross_pct": 21.074360026094823,
      "cost_pct": 11.941692785072656,
      "net_pct": 9.132667241022167,
      "turnover_x": 23.883385570145315,
      "round_trips": 12,
      "exposed_pct": 25.81453634085213,
      "max_drawdown_pct_initial": 3.376643682385861
    },
    {
      "scenario": "Stable AR(1), extreme cost stress",
      "cost_bps": 100.0,
      "gross_pct": 21.074360026094823,
      "cost_pct": 23.88338557014531,
      "net_pct": -2.8090255440504883,
      "turnover_x": 23.883385570145315,
      "round_trips": 12,
      "exposed_pct": 25.81453634085213,
      "max_drawdown_pct_initial": 7.813859859004153
    },
    {
      "scenario": "Random walk with drift after split",
      "cost_bps": 5.0,
      "gross_pct": -1.713766692238309,
      "cost_pct": 0.40998044379752074,
      "net_pct": -2.1237471360358295,
      "turnover_x": 8.199608875950416,
      "round_trips": 4,
      "exposed_pct": 8.270676691729323,
      "max_drawdown_pct_initial": 4.623617182269626
    }
  ]
}