alphacouncil-agent 0.9.2 → 1.0.0

package/knowledge/solo-test/masters/master_dalio/tools.json

@@ -1,11 +1,11 @@
 [
   {
     "assurance_class": "provisional_derived_proxy",
-    "derivation_evidence_hash": "sha256:89b860b69b24b05f1aa7f52fd59ac650b71b92e5ba3c239bc02514a1d70f71a0",
-    "derivation_spec_hash": "sha256:b8b6f23a565660f04631006b564a85d23c8b76ad48cecaae235c3cca0d074daa",
-    "derivation_spec_id": "master_dalio.regime_classifier.prototype_v1.derived_proxy_v1",
+    "derivation_evidence_hash": "sha256:1a3f42c96f53396b66e285c547f8ceaa7939e84bc94172295b4e88521d9d001c",
+    "derivation_spec_hash": "sha256:97c673d4240a4231fff621fb9fe8bf824d7c8d3c36bea2eb2d4a2a9f451dfe12",
+    "derivation_spec_id": "master_dalio.policy_real_rate.prototype_v1.derived_proxy_v1",
     "dsl_version": "1.1",
-    "id": "master_dalio.regime_classifier",
+    "id": "master_dalio.policy_real_rate",
     "input_contracts": [
       {
         "on_missing": "fail",
@@ -14,44 +14,57 @@
           "basis": "instant",
           "window": null
         },
-        "unit": "derived_proxy_scalar",
-        "value_kind": "scalar"
+        "unit": "decimal",
+        "value_kind": "ratio"
+      },
+      {
+        "on_missing": "fail",
+        "period": {
+          "alignment": "as_of",
+          "basis": "instant",
+          "window": null
+        },
+        "unit": "decimal",
+        "value_kind": "ratio"
       }
     ],
-    "input_schema_hash": "sha256:b1a35868965749e95efe34f6f95b84d632729bed866e17e0fe699bd8757824ad",
+    "input_schema_hash": "sha256:6a71fba0ba95a687fe1c621cf6468827d1dbe0de0ce014d2c0ad016b0eb8d1cb",
     "inputs": [
       {
-        "fact_id": "macro.growth_regime"
+        "fact_id": "macro.short_bond_yield"
+      },
+      {
+        "fact_id": "macro.breakeven_inflation"
       }
     ],
     "intended_use": "local_test_only",
-    "kind": "transform",
+    "kind": "recomputation",
     "on_missing": "fail",
-    "operation": "identity",
-    "output_id": "macro.growth_regime",
+    "operation": "subtract",
+    "output_id": "macro.policy_real_rate.master_dalio",
     "output_period": {
       "alignment": "as_of",
       "basis": "instant",
       "window": null
     },
-    "output_schema_hash": "sha256:a362f447b36b2ee7135461fa632263a44a39adcb3dcfd4a34f96fb1f547f02a5",
+    "output_schema_hash": "sha256:af5335f4593a63b35116eaca3b4ecadca909ed813e9e8859bbfd63cd0356c0e4",
     "production_eligible": false,
     "review_status": "not_human_reviewed",
     "schema_version": 1,
     "source_ids": [
       "proxy:89c1ba22ac2965e32"
     ],
-    "unit": "derived_proxy_scalar",
-    "value_kind": "scalar",
-    "version": "0.1.0"
+    "unit": "decimal",
+    "value_kind": "ratio",
+    "version": "0.2.0"
   },
   {
     "assurance_class": "provisional_derived_proxy",
-    "derivation_evidence_hash": "sha256:9562819a0d26ff184b7888914f9efd3355f853a3af752c3a2f9943c3e522d0a4",
-    "derivation_spec_hash": "sha256:c08ce7f44b55e8191541b5b4ac350c9d2e37405f61a7ed0f4e4b056585df91ce",
-    "derivation_spec_id": "master_dalio.debt_driver_stress.prototype_v1.derived_proxy_v1",
+    "derivation_evidence_hash": "sha256:3211513ff12fe1398acddc3927a66dd661b442cf766c5798193b605b865cadd8",
+    "derivation_spec_hash": "sha256:0464fe91c5639d9ed65d17aad4e05959c8fc1052d25c24f6722054a9663ced99",
+    "derivation_spec_id": "master_dalio.real_curve_slope.prototype_v1.derived_proxy_v1",
     "dsl_version": "1.1",
-    "id": "master_dalio.debt_driver_stress",
+    "id": "master_dalio.real_curve_slope",
     "input_contracts": [
       {
         "on_missing": "fail",
@@ -60,35 +73,48 @@
           "basis": "instant",
           "window": null
         },
-        "unit": "derived_proxy_scalar",
-        "value_kind": "scalar"
+        "unit": "decimal",
+        "value_kind": "ratio"
+      },
+      {
+        "on_missing": "fail",
+        "period": {
+          "alignment": "as_of",
+          "basis": "instant",
+          "window": null
+        },
+        "unit": "decimal",
+        "value_kind": "ratio"
       }
     ],
-    "input_schema_hash": "sha256:f6314d9460fc29333f05c0b84f233d1aa747052e63359f58397d98b16cb36b98",
+    "input_schema_hash": "sha256:50663c4617161656a613bc4590f1bce748db9446591fd986bc3fe3472a8d3164",
     "inputs": [
       {
-        "fact_id": "macro.growth_regime"
+        "fact_id": "macro.real_rate"
+      },
+      {
+        "output_id": "macro.policy_real_rate.master_dalio"
       }
     ],
     "intended_use": "local_test_only",
-    "kind": "transform",
+    "kind": "recomputation",
     "on_missing": "fail",
-    "operation": "identity",
-    "output_id": "credit.debt_service",
+    "operation": "subtract",
+    "output_id": "macro.real_curve_slope.master_dalio",
     "output_period": {
       "alignment": "as_of",
       "basis": "instant",
       "window": null
     },
-    "output_schema_hash": "sha256:64023fe51634160d0e494c807e520b13846450b93aa9f8b5a62c269faf4d815d",
+    "output_schema_hash": "sha256:c95ce92759d4ac065f575a18f0d9ee5f0bce5f01c33a2d630f6e11a7a5afb246",
     "production_eligible": false,
     "review_status": "not_human_reviewed",
     "schema_version": 1,
     "source_ids": [
       "proxy:89c1ba22ac2965e32"
     ],
-    "unit": "derived_proxy_scalar",
-    "value_kind": "scalar",
-    "version": "0.1.0"
+    "unit": "decimal",
+    "value_kind": "ratio",
+    "version": "0.2.0"
   }
 ]

package/knowledge/solo-test/masters/master_damodaran/decision_policy.json

@@ -2,7 +2,28 @@
   "abstention_policy": "fail_closed",
   "dsl_version": "1.1",
   "eligibility": {
-    "all": []
+    "all": [
+      {
+        "condition": {
+          "op": "exists",
+          "value": {
+            "fact_id": "index.aggregate_pe_forward"
+          }
+        },
+        "condition_id": "master_damodaran.forward_earnings_available",
+        "on_false": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_unvalued"
+        },
+        "on_uncomputable": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_unvalued"
+        },
+        "source_ids": [
+          "proxy:bcabfc2d756d028b0"
+        ]
+      }
+    ]
   },
   "fact_gate": {
     "on_missing_critical": {
@@ -10,21 +31,48 @@
       "native_state": "provisional_unvalued"
     }
   },
-  "hard_vetoes": [],
+  "hard_vetoes": [
+    {
+      "condition": {
+        "left": {
+          "output_id": "index.implied_equity_risk_premium.master_damodaran"
+        },
+        "op": "lte",
+        "right": {
+          "literal": 0
+        }
+      },
+      "on_trigger": {
+        "common_stance": "opposed",
+        "native_state": "provisional_overvalued"
+      },
+      "on_uncomputable": {
+        "action": "abstain",
+        "decision": {
+          "common_stance": "out_of_scope",
+          "native_state": "provisional_unvalued"
+        }
+      },
+      "source_ids": [
+        "proxy:bcabfc2d756d028b0"
+      ],
+      "veto_id": "master_damodaran.no_premium_over_riskfree"
+    }
+  ],
   "native_decision_schema": "valuation_distribution_v1",
   "native_output_fields": [
     {
       "field": "metric_1",
       "on_missing": "fail",
       "value": {
-        "output_id": "valuation.cash_flow"
+        "output_id": "index.implied_equity_risk_premium.master_damodaran"
       }
     },
     {
       "field": "metric_2",
       "on_missing": "fail",
       "value": {
-        "output_id": "valuation.implied_story"
+        "output_id": "index.implied_premium_gap.master_damodaran"
       }
     }
   ],
@@ -52,7 +100,7 @@
     },
     {
       "decision": {
-        "common_stance": "cautious",
+        "common_stance": "constructive",
         "native_state": "provisional_undervalued"
       },
       "min_ratio": 1
@@ -69,7 +117,7 @@
       {
         "condition": {
           "left": {
-            "output_id": "valuation.cash_flow"
+            "output_id": "index.implied_premium_gap.master_damodaran"
           },
           "op": "gt",
           "right": {
@@ -78,7 +126,7 @@
         },
         "coverage_weight": 1,
         "points": 1,
-        "rule_id": "proxy_score_1",
+        "rule_id": "damodaran_premium_above_long_run_average",
         "source_ids": [
           "proxy:bcabfc2d756d028b0"
         ]
@@ -86,16 +134,16 @@
       {
         "condition": {
           "left": {
-            "output_id": "valuation.implied_story"
+            "fact_id": "index.aggregate_earnings_yield"
           },
           "op": "gt",
           "right": {
-            "literal": 0
+            "fact_id": "macro.aaa_corporate_yield"
           }
         },
         "coverage_weight": 1,
         "points": 1,
-        "rule_id": "proxy_score_2",
+        "rule_id": "damodaran_equity_out_yields_corporate_debt",
         "source_ids": [
           "proxy:bcabfc2d756d028b0"
         ]

package/knowledge/solo-test/masters/master_damodaran/doctrine.jsonl

@@ -1,6 +1,6 @@
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Translate a testable business story into growth, margins, reinvestment, risk and cash flow, then expose the value distribution and price-implied story.","rule_id":"proxy_rule_1","source_ids":["proxy:bcabfc2d756d028b0"]}
-{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Compute a versioned valuation distribution from explicit operating assumptions.","rule_id":"proxy_rule_2","source_ids":["proxy:bcabfc2d756d028b0"]}
-{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Solve for the growth, margin and reinvestment story embedded in price.","rule_id":"proxy_rule_3","source_ids":["proxy:bcabfc2d756d028b0"]}
+{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"What the market is currently paying for equity risk over the risk-free rate. the named source's argument is that this number, not a historical average, is what a valuation should discount at.","rule_id":"proxy_rule_2","source_ids":["proxy:bcabfc2d756d028b0"]}
+{"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"The current implied premium against its own long-run average of about 4.2%, which is how he judges whether the market as a whole is cheap or rich.","rule_id":"proxy_rule_3","source_ids":["proxy:bcabfc2d756d028b0"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Decline when a load-bearing narrative claim has no mapped valuation variable.","rule_id":"proxy_rule_4","source_ids":["proxy:bcabfc2d756d028b0"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Reject a growth scenario whose required reinvestment is omitted or internally inconsistent.","rule_id":"proxy_rule_5","source_ids":["proxy:bcabfc2d756d028b0"]}
 {"assurance_class":"provisional_derived_proxy","attribution_status":"provisional_not_human_reviewed","claim":"Reject a terminal state incompatible with mature growth, margin and risk assumptions.","rule_id":"proxy_rule_6","source_ids":["proxy:bcabfc2d756d028b0"]}

package/knowledge/solo-test/masters/master_damodaran/manifest.json

@@ -16,6 +16,9 @@
     ],
     "native_decision_schema": "valuation_distribution_v1",
     "optional_fact_types": [
+      "index.aggregate_pe_forward",
+      "macro.aaa_corporate_yield",
+      "valuation.revenue_growth",
       "valuation.target_margin",
       "valuation.reinvestment_rate",
       "valuation.cost_of_capital",
@@ -24,7 +27,8 @@
       "valuation.implied_story"
     ],
     "required_fact_types": [
-      "valuation.revenue_growth"
+      "index.aggregate_earnings_yield",
+      "macro.long_bond_yield"
     ]
   },
   "components": {
@@ -45,8 +49,8 @@
   "computation": {
     "dsl_version": "1.1",
     "pipeline": [
-      "master_damodaran.story_dcf",
-      "master_damodaran.reverse_valuation"
+      "master_damodaran.implied_equity_risk_premium",
+      "master_damodaran.premium_versus_long_run_average"
     ]
   },
   "decision": {
@@ -54,7 +58,8 @@
     "common_projection": "common_stance_v1",
     "confidence_calibrator": null,
     "eligibility": [
-      "valuation.revenue_growth"
+      "index.aggregate_earnings_yield",
+      "macro.long_bond_yield"
     ],
     "hard_vetoes": [
       "master_damodaran.story_number_gap",
@@ -77,11 +82,15 @@
     "maturity": "operator_lens",
     "operator_label": {
       "en": "Damodaran Valuation Lens Provisional Operator Lens",
+      "ja": "Damodaran Valuation Lens 暫定オペレーター・レンズ",
+      "ko": "Damodaran Valuation Lens 임시 오퍼레이터 렌즈",
       "zh": "达莫达兰估值视角临时操作视角"
     },
     "persona_id": "master_damodaran",
     "public_label": {
       "en": "Damodaran Valuation Lens Solo Test",
+      "ja": "Damodaran Valuation Lens 単独テスト",
+      "ko": "Damodaran Valuation Lens 단독 테스트",
       "zh": "达莫达兰估值视角单人测试"
     },
     "source_cutoff": "2026-07-27"
@@ -92,7 +101,7 @@
     "leak_rule": "public_at <= as_of AND memory_created_at <= as_of",
     "postmortem_horizon_days": 90
   },
-  "pack_version": "0.9.2",
+  "pack_version": "0.9.4",
   "research": {
     "mandatory_disconfirming_queries": [
       "Decline when a load-bearing narrative claim has no mapped valuation variable.",
@@ -109,16 +118,22 @@
   "schema_version": 3,
   "selection": {
     "best_for": {
-      "en": "Testing deterministic behavior in intrinsic_valuation, story_to_numbers, young_companies, reverse_valuation",
-      "zh": "用于测试确定性行为：intrinsic_valuation、story_to_numbers、young_companies、reverse_valuation"
+      "en": "Intrinsic valuation, converting stories into numbers, young companies, and reverse valuation.",
+      "ja": "内在価値評価、ストーリーの数値化、若い企業、リバース・バリュエーション。",
+      "ko": "내재가치 평가, 이야기의 수치화, 초기 기업, 역산 가치평가.",
+      "zh": "内在估值、故事量化、年轻企业与反向估值。"
     },
     "identity": {
       "en": "Damodaran Valuation Lens; project-derived and not human reviewed",
+      "ja": "Damodaran Valuation Lens。プロジェクト派生で、方法帰属について人による審査を受けていない暫定オペレーター・レンズ。本人の発言や現在の見解ではない。",
+      "ko": "Damodaran Valuation Lens. 프로젝트에서 파생되었고 방법 귀속에 대한 인적 심사를 거치지 않은 임시 오퍼레이터 렌즈다. 본인의 발언이나 현재 견해가 아니다.",
       "zh": "达莫达兰估值视角；项目派生、未经人工审定"
     },
     "method": {
       "en": "Translate a testable business story into growth, margins, reinvestment, risk and cash flow, then expose the value distribution and price-implied story.",
-      "zh": "Translate a testable business story into growth, margins, reinvestment, risk and cash flow, then expose the value distribution and price-implied story."
+      "ja": "検証可能な事業ストーリーを成長率、利益率、再投資、リスク、キャッシュフローに変換し、価値分布と価格に織り込まれたストーリーを明らかにする。",
+      "ko": "검증 가능한 사업 이야기를 성장률, 마진, 재투자, 위험, 현금흐름으로 변환한 뒤 가치 분포와 가격에 내재된 이야기를 드러낸다.",
+      "zh": "把商业故事翻译成增长、利润率、再投资、风险和现金流，再形成价值区间。"
     }
   },
   "voice": {

package/knowledge/solo-test/masters/master_damodaran/provisional-index.json

@@ -16,7 +16,7 @@
   ],
   "experiment_pass_count": 0,
   "formula_approval_binding_count": 0,
-  "formula_compilation_manifest_hash": "sha256:7265b10a67bd0437af02572176793ef0b8529e48437edc5a2e0b1b1b9fbe73d0",
+  "formula_compilation_manifest_hash": "sha256:fc8afd469d9cafccccc4221622ccde5061167c538ab6472eecaaf65efce5461b",
   "method_model_eligible": false,
   "native_states": [
     "provisional_unvalued",
@@ -26,8 +26,8 @@
   ],
   "persona_id": "master_damodaran",
   "planned_tool_ids": [
-    "master_damodaran.story_dcf",
-    "master_damodaran.reverse_valuation"
+    "master_damodaran.implied_equity_risk_premium",
+    "master_damodaran.premium_versus_long_run_average"
   ],
   "production_eligible": false,
   "review_status": "not_human_reviewed",

package/knowledge/solo-test/masters/master_damodaran/sources.jsonl

@@ -1 +1 @@
-{"adjudication":{"notes":"No human review, no named-method attribution, no production effect.","reviewer_ids":[],"status":"pending"},"author":"AlphaCouncil project build specification","content_hash":"sha256:7f0424103f133db3e2e9f34614f2d59204ddca48d531947a9de8944559a4f970","grade":"E","known_at":"2026-07-27","locator":{"section":"master_damodaran"},"public_at":"2026-07-27","published_at":"2026-07-27","retrieved_at":"2026-07-27","schema_version":1,"source_id":"proxy:bcabfc2d756d028b0","source_kind":"derived_proxy","summary":"Project-authored provisional proxy used only to exercise the deterministic solo-test build; it is not source approval or method attribution.","supports":["solo_test_structure","deterministic_execution_only"],"title":"Provisional project-derived method hypothesis for master_damodaran","url":"https://github.com/Zhao73/alphacouncil-agent/blob/main/data/persona-v3-build-specs.v1.mjs"}
+{"adjudication":{"notes":"No human review, no named-method attribution, no production effect.","reviewer_ids":[],"status":"pending"},"author":"AlphaCouncil project build specification","content_hash":"sha256:8e68b654954f3bf4ef1d28ff060d3246671dfa0f495fe26ae24dfc1f87ff31e8","grade":"E","known_at":"2026-07-27","locator":{"section":"master_damodaran"},"public_at":"2026-07-27","published_at":"2026-07-27","retrieved_at":"2026-07-27","schema_version":1,"source_id":"proxy:bcabfc2d756d028b0","source_kind":"derived_proxy","summary":"Project-authored provisional proxy used only to exercise the deterministic solo-test build; it is not source approval or method attribution.","supports":["solo_test_structure","deterministic_execution_only"],"title":"Provisional project-derived method hypothesis for master_damodaran","url":"https://github.com/Zhao73/alphacouncil-agent/blob/main/data/persona-v3-build-specs.v1.mjs"}

package/knowledge/solo-test/masters/master_damodaran/tools.json

@@ -1,11 +1,11 @@
 [
   {
     "assurance_class": "provisional_derived_proxy",
-    "derivation_evidence_hash": "sha256:20a49da931137ded2f83e9f19eb5e65f0d6c96a87081a8ce374686794f16d993",
-    "derivation_spec_hash": "sha256:268384e9ee8d0ae670940b1cf22d7da283ecede6a558d17733c1fedc33fcef9d",
-    "derivation_spec_id": "master_damodaran.story_dcf.prototype_v1.derived_proxy_v1",
+    "derivation_evidence_hash": "sha256:500b290e0e13e80c02f1072f33f879ab79f9cfa81a749295634e763dda75b6f2",
+    "derivation_spec_hash": "sha256:b256595a8aed8861a196eb7335efbc72e3ed70bac462d8021abe47efde3597fe",
+    "derivation_spec_id": "master_damodaran.implied_equity_risk_premium.prototype_v1.derived_proxy_v1",
     "dsl_version": "1.1",
-    "id": "master_damodaran.story_dcf",
+    "id": "master_damodaran.implied_equity_risk_premium",
     "input_contracts": [
       {
         "on_missing": "fail",
@@ -14,45 +14,68 @@
           "basis": "instant",
           "window": null
         },
-        "unit": "derived_proxy_scalar",
-        "value_kind": "scalar"
+        "unit": "decimal",
+        "value_kind": "ratio"
+      },
+      {
+        "on_missing": "fail",
+        "period": {
+          "alignment": "as_of",
+          "basis": "instant",
+          "window": null
+        },
+        "unit": "decimal",
+        "value_kind": "ratio"
       }
     ],
-    "input_schema_hash": "sha256:1ab8af900d600dd05c6a3696f13b5834980f97fc8c525a4991c0a7380b6cf9c2",
+    "input_schema_hash": "sha256:2ed1240f33f9ed42d241ff758e8d43c9ee68fed7edcaacede625db0c08ef5ba4",
     "inputs": [
       {
-        "fact_id": "valuation.revenue_growth"
+        "fact_id": "index.aggregate_earnings_yield"
+      },
+      {
+        "fact_id": "macro.long_bond_yield"
       }
     ],
     "intended_use": "local_test_only",
-    "kind": "transform",
+    "kind": "recomputation",
     "on_missing": "fail",
-    "operation": "identity",
-    "output_id": "valuation.cash_flow",
+    "operation": "subtract",
+    "output_id": "index.implied_equity_risk_premium.master_damodaran",
     "output_period": {
       "alignment": "as_of",
       "basis": "instant",
       "window": null
     },
-    "output_schema_hash": "sha256:73753a17e47b2d602a5cb8f59c282a6ebf70a7fe9ec574d70b4fc7ebae1ab63d",
+    "output_schema_hash": "sha256:c2fcd47a4aa4014f89d12390ec92f592067ef12d2f18982fcf201f4c8d713d4e",
     "production_eligible": false,
     "review_status": "not_human_reviewed",
     "schema_version": 1,
     "source_ids": [
       "proxy:bcabfc2d756d028b0"
     ],
-    "unit": "derived_proxy_scalar",
-    "value_kind": "scalar",
-    "version": "0.1.0"
+    "unit": "decimal",
+    "value_kind": "ratio",
+    "version": "0.2.0"
   },
   {
     "assurance_class": "provisional_derived_proxy",
-    "derivation_evidence_hash": "sha256:e96f75523bce99c9b7958de400ccc61e126595c5377cecd5ce62f099c8ce6737",
-    "derivation_spec_hash": "sha256:803aa6175d8b89b67d5927c43a0c72f9915aa6411d2bd0457f5e97be4e0d8586",
-    "derivation_spec_id": "master_damodaran.reverse_valuation.prototype_v1.derived_proxy_v1",
+    "derivation_evidence_hash": "sha256:5b557801dbdfeb202198eca16cfd22eaa009252ca9a39c3357e5000a1efabb90",
+    "derivation_spec_hash": "sha256:3743c713e5c27017406e6d6bc79ed177415f868a7abd3a00093f308f0e79f744",
+    "derivation_spec_id": "master_damodaran.premium_versus_long_run_average.prototype_v1.derived_proxy_v1",
     "dsl_version": "1.1",
-    "id": "master_damodaran.reverse_valuation",
+    "id": "master_damodaran.premium_versus_long_run_average",
     "input_contracts": [
+      {
+        "on_missing": "fail",
+        "period": {
+          "alignment": "as_of",
+          "basis": "instant",
+          "window": null
+        },
+        "unit": "decimal",
+        "value_kind": "ratio"
+      },
       {
         "on_missing": "fail",
         "period": {
@@ -64,31 +87,34 @@
         "value_kind": "scalar"
       }
     ],
-    "input_schema_hash": "sha256:a731632d8dd3ee91a857f04ded0e8df403bc54115bc90000bd9dcf0e98760d8b",
+    "input_schema_hash": "sha256:5f30cc56513316e32142651b812911eef0fcbce86aea6a5c7f3cc005d507e012",
     "inputs": [
       {
-        "fact_id": "valuation.revenue_growth"
+        "output_id": "index.implied_equity_risk_premium.master_damodaran"
+      },
+      {
+        "literal": 0.042
       }
     ],
     "intended_use": "local_test_only",
-    "kind": "transform",
+    "kind": "recomputation",
     "on_missing": "fail",
-    "operation": "identity",
-    "output_id": "valuation.implied_story",
+    "operation": "subtract",
+    "output_id": "index.implied_premium_gap.master_damodaran",
     "output_period": {
       "alignment": "as_of",
       "basis": "instant",
       "window": null
     },
-    "output_schema_hash": "sha256:5528c3bfa18cdd8a775e2704176e5dc406da639c04fc57e293adc4c1d6ee5627",
+    "output_schema_hash": "sha256:4b68698678a20f720d47bf9b66c5bb1e4839e72cd55fb4d8f978f7e4f82f418f",
     "production_eligible": false,
     "review_status": "not_human_reviewed",
     "schema_version": 1,
     "source_ids": [
       "proxy:bcabfc2d756d028b0"
     ],
-    "unit": "derived_proxy_scalar",
-    "value_kind": "scalar",
-    "version": "0.1.0"
+    "unit": "decimal",
+    "value_kind": "ratio",
+    "version": "0.2.0"
   }
 ]