Return on Account in backtesting a trading strategy is a key metric calculated as the percentage increase in the trading account’s value over the backtested period, providing a measure of the strategy’s overall profitability relative to the initial account size
Relative to Buy/Hold Index in backtesting a trading strategy is a metric expressing the percentage difference between the strategy’s cumulative returns and the cumulative returns of a passive buy-and-hold approach, offering insights into the strategy’s performance relative to a simple, long-term investment strategy
Maximum Drawdown in backtesting a trading strategy is the maximum percentage decline from a strategy’s peak equity to its lowest point, serving as a crucial risk metric to assess the largest potential loss experienced during the backtested period
Return Ratio in backtesting a trading strategy is a key metric representing the efficiency of the strategy by evaluating the ratio of its average return per trade to the average risk per trade, providing insights into risk-adjusted performance and overall effectiveness
“Average Win per Trade” is the average profit earned per trade, providing insights into the strategy’s typical success in capitalizing on profitable opportunities; “Average Loss per Trade” represents the average amount of loss incurred per trade, offering insights into the strategy’s risk management and loss mitigation effectiveness
The RS Rating is a numerical score ranging from 1 to 99, with 99 indicating the strongest relative strength over the past 12 months, enabling investors to identify leading stocks with potential for continued outperformance in the market
This functionality, pertaining to Relative Strength Rating, will be introduced in January 2024.
The RRC Rank uses RS Ratio and RS Momentum indicators to assess a stock’s relative strength against a benchmark index; the RS Rating, a numerical percentile score over the last 12 months, helps investors identify top-performing stocks with 99 indicating the highest relative strength, enabling consistent market outperformance
This functionality, pertaining to Relative Rotational Charts (RRC), was enhanced in January 2024.
The RRC Rank uses RS Ratio and RS Momentum indicators to assess a stock’s relative strength against a benchmark index; the RS Rating, a numerical percentile score over the last 12 months, helps investors identify top-performing stocks with 99 indicating the highest relative strength, enabling consistent market outperformance
This functionality, pertaining to Relative Rotational Charts (RRC), was enhanced in January 2024.
Relative Rotational charts are a powerful tool in assessing how securities compare in terms of their relative strength (RS Ratio) and momentum (RS Momentum), and the RRC Rank function uses these indicators to rank a stock’s relative strength against peers and a benchmark index
This functionality, pertaining to Relative Rotational Charts (RRC), was enhanced in January 2024.