Illustrative data
Performance
Out-of-sample walk-forward backtests from January 2020, held to the same research standards as every experiment in our lab, net of fees, trading costs and borrow, followed by live trading. Choose a risk profile.
BacktestLiveMarket
Statistics
| Backtest | Live (0 days) | Market |
|---|
Risk and return by profile
Calendar-year returns
ProfileMarket
How these numbers are built
- Walk-forward. Models are retrained as markets evolve, and every result comes from data the model had never seen.
- Point in time. Every input is dated to when it became public. The universe includes companies that later delisted.
- Fees. Net of a 1.5% annual management fee and a 20% performance fee above a high-water mark.
- Trading costs. Spreads, market impact and slippage on every trade, orders at the market open, positions sized to each stock’s liquidity.
- Shorting costs. Borrow fees charged on the short book; hard-to-borrow names excluded.
- Profiles. The five profiles run the same signal at 50% to 150% of base exposure.
Figures shown are illustrative placeholders, not actual or simulated results of any account, and will be replaced with audited backtest and live data. Backtested performance is hypothetical, has inherent limitations and does not represent actual trading. Past performance does not guarantee future results.