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Welcome to the View Stats Panel, an essential tool that helps our members to dissect, analyze, and understand the performance of selected trading strategies. This robust feature is housed within both the Scan Tab and the Smart Studies Tab which empowers you to delve into strategies, uncover insights, and make data-driven decisions, providing a unified and integrated experience.
In the Stats Tab, you'll find an in-depth breakdown of performance metrics, including advanced statistics that allow for precise evaluation.
Overview Tab
Stats Tab
The Stats Tab in the View Stats Panel provides you with in-depth information on the performance of the chosen strategy, including annual return, average gain and loss, maximum drawdown, risk-reward ratio, and batting average.
It also includes advanced statistics such as daily gain percent, buy and hold alpha, efficiency, median positive and negative delta, and median delta ratio. Additionally, this is where you can see who created the strategy and when, along with the number of community members following the strategy.
Strategy Overview
General Strategy stats
Profit & Loss
Ratios
Durations
Advanced
It is not to be thought of as a "literal" amount of change to expect at any given point in a trade, e.g., if you are in a trade for a strategy with a "daily gain percent" of 0.5% and 4 days later the stock is not 2% higher (0.5% x 4 days = 2%), then it is not a sign the trade will fail. It's a generally expected slope or angle to trending prices within a given trade for a strategy.
Practically, it could be a quick way to guess what kinds of returns to expect near the end of a trade, e.g., if you are in a trade for a strategy with a "daily gain percent" of 0.5% and 12 days later the trade is ending, then you might expect the stock to be within some variance +/- of a 6% gain (0.5% x 12 = 6%). It may also imply the trendiness of a strategy.
A value close to 1 indicates no difference between Buy And Hold vs trading the strategy over a period.
For example: if Buy & Hold Gains equal $100 and the "Buy and Hold Alpha" equals 1, then 1 x $100 = $100 Strategy Gains.
Another example: if "Buy and Hold Alpha" equals 1.83 and "Buy & Hold Gainsā equal $100, then 1.83 x $100 Buy & Hold Gains = $183 Strategy Gains.
The higher the number is above 1, the more a strategy has outperformed Buy and Hold.
To find this ratio, take the net change in price from the start to the end of the trade, and divide it by the sum of absolute price changes (always a positive number) from period to period.
The values range from 0 to 1. A "Relatively" High-Efficiency value = Low Noise (*.)
Followers
This shows you the number of community members following the strategy and the profile pictures of some of these community members.
Lastly, at the very bottom, it shows the discovered date of the strategy and the username of the community member who discovered it.
Trades Tab
This tab is where youāll find the Trades List tab, the Strategy Tags tab and the Strategy Notes tab.
Trades List (or āTradesā)
The Trades List shows you a list of the trades triggered by the strategy loaded on the Smart Studies tab. On each trade, at a glance, youāll find the following information:
Youāll be able to sort the Trades List by opening date, closing date and the P/L amount.
By clicking on a trade, it expands a panel underneath showing you the stats for that particular trade:
Tags List (or āTagsā)
This is where youāll find the list of Strategy Tags added to the strategy. Youāll be able to sort the Strategy Tags list by Name or Date added. It also includes the option to remove any unwanted tags by clicking on the three-dot icon to the right.
You can add Strategy Tags to any strategies through the View Stats panel under the Smart Studies Tab. Hereās how:
- Open the View Stats panel, then click on āTradesā and then āTags:
- Click on it and enter the tags you want to associate with the strategy, either new or existing ones. You can add multiple tags to a single strategy for better organization.
Note: Strategy Tags help you organize your strategies, but remember that tagging a strategy does not mean you are following it. However, you can receive a daily email Digest about the status change of these tagged strategies even if you are not following them.
Notes List (or āNotesā)
For your ease, youāre always able to add Strategy Tags or Notes while on any of these three List tabs by clicking on the ā+Tagsā or ā+Notesā buttons, respectively.
Welcome to the View Stats Panel, an essential tool that helps our members to dissect, analyze, and understand the performance of selected trading strategies. This robust feature is housed within both the Scan Tab and the Smart Studies Tab which empowers you to delve into strategies, uncover insights, and make data-driven decisions, providing a unified and integrated experience.
In the Stats Tab, you'll find an in-depth breakdown of performance metrics, including advanced statistics that allow for precise evaluation.
Overview Tab
Stats Tab
The Stats Tab in the View Stats Panel provides you with in-depth information on the performance of the chosen strategy, including annual return, average gain and loss, maximum drawdown, risk-reward ratio, and batting average.
It also includes advanced statistics such as daily gain percent, buy and hold alpha, efficiency, median positive and negative delta, and median delta ratio. Additionally, this is where you can see who created the strategy and when, along with the number of community members following the strategy.
Strategy Overview
General Strategy stats
Profit & Loss
Ratios
Durations
Advanced
It is not to be thought of as a "literal" amount of change to expect at any given point in a trade, e.g., if you are in a trade for a strategy with a "daily gain percent" of 0.5% and 4 days later the stock is not 2% higher (0.5% x 4 days = 2%), then it is not a sign the trade will fail. It's a generally expected slope or angle to trending prices within a given trade for a strategy.
Practically, it could be a quick way to guess what kinds of returns to expect near the end of a trade, e.g., if you are in a trade for a strategy with a "daily gain percent" of 0.5% and 12 days later the trade is ending, then you might expect the stock to be within some variance +/- of a 6% gain (0.5% x 12 = 6%). It may also imply the trendiness of a strategy.
A value close to 1 indicates no difference between Buy And Hold vs trading the strategy over a period.
For example: if Buy & Hold Gains equal $100 and the "Buy and Hold Alpha" equals 1, then 1 x $100 = $100 Strategy Gains.
Another example: if "Buy and Hold Alpha" equals 1.83 and "Buy & Hold Gainsā equal $100, then 1.83 x $100 Buy & Hold Gains = $183 Strategy Gains.
The higher the number is above 1, the more a strategy has outperformed Buy and Hold.
To find this ratio, take the net change in price from the start to the end of the trade, and divide it by the sum of absolute price changes (always a positive number) from period to period.
The values range from 0 to 1. A "Relatively" High-Efficiency value = Low Noise (*.)
Followers
This shows you the number of community members following the strategy and the profile pictures of some of these community members.
Lastly, at the very bottom, it shows the discovered date of the strategy and the username of the community member who discovered it.
Trades Tab
This tab is where youāll find the Trades List tab, the Strategy Tags tab and the Strategy Notes tab.
Trades List (or āTradesā)
The Trades List shows you a list of the trades triggered by the strategy loaded on the Smart Studies tab. On each trade, at a glance, youāll find the following information:
Youāll be able to sort the Trades List by opening date, closing date and the P/L amount.
By clicking on a trade, it expands a panel underneath showing you the stats for that particular trade:
Tags List (or āTagsā)
This is where youāll find the list of Strategy Tags added to the strategy. Youāll be able to sort the Strategy Tags list by Name or Date added. It also includes the option to remove any unwanted tags by clicking on the three-dot icon to the right.
You can add Strategy Tags to any strategies through the View Stats panel under the Smart Studies Tab. Hereās how:
- Open the View Stats panel, then click on āTradesā and then āTags:
- Click on it and enter the tags you want to associate with the strategy, either new or existing ones. You can add multiple tags to a single strategy for better organization.
Note: Strategy Tags help you organize your strategies, but remember that tagging a strategy does not mean you are following it. However, you can receive a daily email Digest about the status change of these tagged strategies even if you are not following them.
Notes List (or āNotesā)
For your ease, youāre always able to add Strategy Tags or Notes while on any of these three List tabs by clicking on the ā+Tagsā or ā+Notesā buttons, respectively.