{
  "contractVersion": "outcome-metrics.v2",
  "status": "PROPOSED",
  "commonRules": {
    "pointInTime": true,
    "revisionAware": true,
    "costs": ["fee", "tax", "fx", "slippage"],
    "windowsTradingDays": [1, 5, 20, 63, 126, 252],
    "attribution": ["recommendation", "publication", "clientDecision", "execution"]
  },
  "metrics": [
    {
      "metricCode": "OPERATIONAL_INTEGRITY_ERRORS",
      "numerator": "count of duplicate, lookahead, unauthorized publication, unreconciled critical breaks and immutable-evidence violations",
      "denominator": "one evaluation run",
      "aggregation": "sum",
      "threshold": "0"
    },
    {
      "metricCode": "FALSE_EXIT_ANNUAL_RATE",
      "numerator": "eligible non-impairment exits followed by approved adverse-regret condition within the versioned evaluation window",
      "denominator": "all eligible non-impairment exits in the same cohort",
      "aggregation": "annualized cohort ratio",
      "threshold": "<=0.02",
      "decisionRequired": "The exact adverse-regret price and benchmark definition must be approved before production use."
    },
    {
      "metricCode": "REENTRY_CAPTURE_RATE",
      "numerator": "eligible exits whose versioned reentry contract produced a valid stage-ready observation within 126 trading days",
      "denominator": "all eligible non-impairment exits with complete data",
      "aggregation": "cohort ratio",
      "threshold": ">=0.65"
    },
    {
      "metricCode": "NET_EXPECTED_UTILITY",
      "numerator": "realized or calibrated expected benefit after risk, fee, tax, FX, slippage and reentry option loss",
      "denominator": "one evaluated decision or cohort",
      "aggregation": "mean with confidence interval",
      "threshold": ">0 and lower confidence bound >0 for opportunity replacement"
    },
    {
      "metricCode": "PBO",
      "numerator": "CSCV combinations where in-sample winner underperforms out of sample",
      "denominator": "all approved CSCV combinations",
      "aggregation": "probability",
      "threshold": "<=0.20"
    },
    {
      "metricCode": "DSR",
      "numerator": "deflated performance statistic adjusted for multiple testing and non-normality",
      "denominator": "approved experiment registry",
      "aggregation": "probability/confidence",
      "threshold": ">=0.95"
    }
  ]
}
