Illustrative claim / 01
Momentum remains directionally positive under nearby execution and sampling assumptions.
Falsified if
The return direction reverses when one plausible assumption changes while the others remain fixed.
Baseline+6.20%
Fee ×5+4.32%
Slip ×5+2.71%
Window +30d+5.18%
Narrow universe+5.83%
Joint stress+0.84%