{
  "projection": {
    "public_id": "cashflow-indices",
    "source_ref": "doc:quant-research.research.cashflow-indices-map",
    "source_status": "active",
    "publication_status": "preliminary_aggregate",
    "locales": [
      "en-US",
      "zh-CN"
    ],
    "allowed_fields": [
      "title",
      "family",
      "status",
      "summary",
      "period",
      "findings",
      "limits",
      "aggregate_rows",
      "exploration_steps",
      "aggregate_charts",
      "source_references",
      "next_question",
      "evidence_summary",
      "conclusion_changes",
      "related_studies",
      "source_review_status",
      "navigation_asset",
      "navigation_summary",
      "trust",
      "reproduction",
      "next_tasks",
      "diagnostic_intervals",
      "scale_slices",
      "calibration"
    ],
    "excluded_fields": [
      "private_data_paths",
      "credentials",
      "per_security_signals",
      "portfolio_weights",
      "execution_details",
      "private_code"
    ],
    "exploration_asset": "data/study-exploration/cashflow-indices.json",
    "exploration_reviewed_at": "2026-10-02",
    "navigation_asset": "data/study-navigation/cashflow-indices.json"
  },
  "source_review": {
    "brief_sha256": "ede2acc0e0a8a2578a2295bbb8b34a09f8ab1c9e8312879a441f434138175946",
    "navigation_sha256": "61c914d0a9d8bef166e984bf35478944dd0a27df8cbcd344e12375e61c0580bf",
    "navigation_sources": [
      {
        "source_ref": "doc:quant-research.research.cashflow-indices-map",
        "sha256": "3942ca7ab9f7a506b451e226f7650e5dacbefe7f6e1c48dfd7082e7dcb945da5"
      },
      {
        "source_ref": "doc:quant-research.research.fundamental-evidence-navigation",
        "sha256": "94dce6121b4a6178d6c1b3a768db4fab57500904338ebccc3e2435790b070edc"
      }
    ],
    "study_id": "cashflow-indices",
    "source_revision": "e1984591be37073d9e1b3b1dee8a7e7813652cb3",
    "catalog_sha256": "6bfbdaafc752da1dedb39119bb40198cf3aed93c38af6a6fe91cb42474dd6930",
    "exploration_sha256": "a052f5703fc0ff0e05c4fc95fa3586146f88a755d8a21c8ed4681255af3119c2",
    "sources": [
      {
        "source_ref": "doc:quant-research.research.cashflow-indices-map",
        "sha256": "3942ca7ab9f7a506b451e226f7650e5dacbefe7f6e1c48dfd7082e7dcb945da5"
      },
      {
        "source_ref": "doc:quant-research.research.cashflow-indices.current-status",
        "sha256": "e750c0c72b8e6b58266c10f323b4ab38a3381871d05125440c3ab4d1a17da3a2"
      },
      {
        "source_ref": "doc:quant-research.decision.long-term-fundamental-v2-20260904",
        "sha256": "2b944cd9718a00cb7db67d98e1d4f5ff4ce7b294a847ad49dc11a56ea37eaca4"
      }
    ]
  },
  "review_record": {
    "reviewed_at": "2026-10-14",
    "source_asset": "data/study-navigation/cashflow-indices.json",
    "source_revision": "e83f2d10a5c45aa4b4bc4b28a288887f86500aa8"
  },
  "comparison_groups": [
    {
      "id": "cash-breadth",
      "study_id": "cashflow-indices",
      "chart_id": "breadth",
      "mode": "models",
      "baseline_id": "equal",
      "series_ids": null,
      "direction": "higher",
      "reviewed_at": "2026-10-02",
      "label": {
        "en-US": "Cash-flow shadow weighting",
        "zh-CN": "现金流影子权重"
      },
      "scope": {
        "en-US": "Same standard shadow protocol and selected breadth; official history remains separate.",
        "zh-CN": "同一标准影子协议与所选持仓宽度；官方历史保持独立。"
      }
    }
  ],
  "change_entries": [
    {
      "id": "cashflow-indices-1",
      "kind": "boundary",
      "period": {
        "en-US": "Available snapshots",
        "zh-CN": "可用快照区间"
      },
      "before": {
        "en-US": "High official-return correlation might be read as complete index replication.",
        "zh-CN": "较高官方收益相关性可能被理解为完整指数复现。"
      },
      "trigger": {
        "en-US": "Available snapshots leave missing historical constituents and rule changes.",
        "zh-CN": "可用快照仍缺历史成分，并存在规则变化。"
      },
      "after": {
        "en-US": "Treat calibration and current-rule shadows as separate, bounded evidence.",
        "zh-CN": "将校准与现行规则影子视为独立且有边界的证据。"
      },
      "source_ids": [
        "status"
      ],
      "study_id": "cashflow-indices",
      "source_ref": "doc:quant-research.research.cashflow-indices-map"
    }
  ],
  "incoming_connections": [
    {
      "from_study_id": "pb-roe",
      "study_id": "cashflow-indices",
      "kind": "component_test",
      "rationale": {
        "en-US": "Valuation and quality filters also help diagnose value traps in cash-flow portfolios.",
        "zh-CN": "估值与质量过滤也可用于诊断现金流组合的价值陷阱。"
      }
    },
    {
      "from_study_id": "fundamental-family-shadow",
      "study_id": "cashflow-indices",
      "kind": "shared_question",
      "rationale": {
        "en-US": "Family decomposition can separate value and quality exposure from the cash-flow thesis.",
        "zh-CN": "家族拆解可区分价值、质量暴露与现金流解释。"
      }
    },
    {
      "from_study_id": "hk-fundamental-archive",
      "study_id": "cashflow-indices",
      "kind": "market_boundary",
      "rationale": {
        "en-US": "Cash-flow overlays appear in both archives, with separate sector and market-regime limits.",
        "zh-CN": "两边均有现金流叠加，但行业与市场阶段限制各自独立。"
      }
    }
  ]
}