📊 Thematic Lifecycle Strategy v4.3 | History

Stage Classification:
🟢 Early (Score < 50) | 🟡 Mid (50-80) | 🔴 Late (> 80)
Stage changes trigger rebalancing: Early→Mid = increase | Mid→Late = reduce | Late→Early = re-enter

Composite Valuation Z-Score:
Z = 0.40×PEG_Z + 0.30×PE_Traj_Z + 0.30×Price_5Y_Z
PEG: (PEG - 1.0) × 2 | PE Trajectory: (FPE/TPE - 0.75) × 4 | Price vs 5Y: (Price - Mean_1255d) / StdDev

3-Source Hype Proxy:
Hype = 0.50×Google_Trends_5Y_Percentile + 0.30×Volume_Spike_Z + 0.20×NewsAPI_Velocity

Four Constraints:
A. Liquidity: MCap ≥ $1B, ADTV ≥ $10M | B. Smoothing: 10d SMA + 3d confirmation
C. Risk Parity: Inverse 60d volatility | D. Macro CB: ACWI < 200d SMA → 100% cash