{
    "score": 33,
    "label": "Fear",
    "updated": "2026-09-16",
    "kospi": {
        "level": 6717.97,
        "change_pct": 1.369,
        "today_rank_60d": 40,
        "recent_30d": [
            6598.26,
            6296.38,
            6258.77,
            6299.66,
            6345.53,
            6579.04,
            6813.34,
            6977.94,
            6869.83,
            6471.17,
            6852.58,
            6912.95,
            6696.96,
            6742.74,
            6808.21,
            6912.37,
            6788.88,
            6820.02,
            6835.8,
            6562.72,
            6579.48,
            6687.21,
            6995.39,
            6954.52,
            7051.64,
            7033.92,
            6909.91,
            6684.37,
            6627.26,
            6717.97
        ]
    },
    "usd_krw": 1365.41,
    "components": [
        {
            "name": "Market Momentum",
            "weight": 25,
            "score": 5,
            "note": "KOSPI is 3.7% below its 125-day moving average — a weak reading versus the past two years' distribution."
        },
        {
            "name": "Volatility",
            "weight": 25,
            "score": 35,
            "note": "Downside volatility sits at the 65% rank of its two-year history — in a normal range."
        },
        {
            "name": "Safe-Haven Demand",
            "weight": 25,
            "score": 89,
            "note": "The won has moved -3.41% against the dollar over 20 sessions — a notable strengthening."
        },
        {
            "name": "Foreign Investor Flow",
            "weight": 25,
            "score": 2,
            "note": "Overseas investors are net sellers on balance — 2% rank on cumulative 20-session net flow."
        }
    ],
    "foreign_flow": {
        "latest_net": -16726,
        "trend_5d": -114748,
        "recent": [
            {
                "date": "2026-09-03",
                "individual": -9552,
                "foreign": 414,
                "institution": 9143,
                "net": 414
            },
            {
                "date": "2026-09-04",
                "individual": -37229,
                "foreign": 4796,
                "institution": 16694,
                "net": 4796
            },
            {
                "date": "2026-09-07",
                "individual": -68374,
                "foreign": 25532,
                "institution": 26491,
                "net": 25532
            },
            {
                "date": "2026-09-08",
                "individual": -30329,
                "foreign": 6316,
                "institution": 6427,
                "net": 6316
            },
            {
                "date": "2026-09-09",
                "individual": -22879,
                "foreign": -4348,
                "institution": 9422,
                "net": -4348
            },
            {
                "date": "2026-09-10",
                "individual": 3802,
                "foreign": -26217,
                "institution": 5744,
                "net": -26217
            },
            {
                "date": "2026-09-11",
                "individual": 18675,
                "foreign": -22984,
                "institution": -12184,
                "net": -22984
            },
            {
                "date": "2026-09-14",
                "individual": 30351,
                "foreign": -33363,
                "institution": -11869,
                "net": -33363
            },
            {
                "date": "2026-09-15",
                "individual": 8596,
                "foreign": -15458,
                "institution": -9585,
                "net": -15458
            },
            {
                "date": "2026-09-16",
                "individual": -12061,
                "foreign": -16726,
                "institution": 12251,
                "net": -16726
            }
        ]
    },
    "three_forces": {
        "window_days": 20,
        "recent_5d": {
            "individual": 49363,
            "foreign": -114748,
            "institution": -15643
        },
        "recent_window": {
            "individual": -130858,
            "foreign": -180476,
            "institution": 11966
        }
    },
    "history": {
        "prev_close": 29,
        "week": 40,
        "month": 52,
        "year": 86
    },
    "errors": null,
    "meta": {
        "methodology": "equal-weight 25% × 4; components percentile-ranked over trailing window",
        "flow_window_note": null,
        "history_size": 3566,
        "flow_archive_size": 3584,
        "backfilled_today": 0,
        "generated_at_utc": "2026-09-16T11:30:43+00:00"
    }
}