Test followup
Return-1.08%
IRR-12.82%
Alpha (ann.)-8.04%
Beta0.41
Sharpe-0.48
Max DD-7.82%
Picks
cc
Return-16.92%
IRR-41.05%
Alpha (ann.)-46.29%
Beta-0.10
Sharpe-1.27
Max DD-24.11%
cccc
Return-2.05%
IRR-27.99%
Alpha (ann.)-8.75%
Beta1.24
Sharpe-0.54
Max DD-8.34%
ffff
Return0.50%
IRR8.17%
Alpha (ann.)17.75%
Beta0.64
Sharpe0.47
Max DD-3.67%
test
Return-8.54%
IRR-31.84%
Alpha (ann.)-44.83%
Beta0.35
Sharpe-2.10
Max DD-14.64%
V long / MA short — duopoly relative value
Return3.39%
IRR13.10%
Alpha (ann.)11.67%
Beta0.03
Sharpe1.67
Max DD-1.60%
Long HKEX — exchange always wins
Return4.80%
IRR13.02%
Alpha (ann.)8.13%
Beta0.91
Sharpe0.70
Max DD-12.54%
Long Spotify — pricing power finally turning on
Return-5.00%
IRR-13.32%
Alpha (ann.)-20.76%
Beta0.93
Sharpe0.05
Max DD-26.07%
Long Exxon — capital discipline
Return31.76%
IRR66.26%
Alpha (ann.)62.28%
Beta-0.49
Sharpe2.07
Max DD-15.69%
Long CATL — EV battery duopoly
Return15.01%
IRR37.59%
Alpha (ann.)17.00%
Beta0.95
Sharpe1.19
Max DD-13.66%
PayPal — buying the unloved (closed)
Return-38.10%
IRR-46.61%
Alpha (ann.)-67.04%
Beta1.41
Sharpe-1.32
Max DD-49.92%
Short Tencent — regulatory overhang
Return30.25%
IRR58.31%
Alpha (ann.)53.82%
Beta-1.15
Sharpe1.63
Max DD-12.76%
Long Alphabet — search resilience
Return14.27%
IRR62.75%
Alpha (ann.)19.09%
Beta1.40
Sharpe1.61
Max DD-20.75%
Meta short squeeze trade (closed)
Return-24.96%
IRR-36.98%
Alpha (ann.)-46.30%
Beta1.52
Sharpe-1.16
Max DD-32.46%
Short Netflix — content cost cycle
Return9.12%
IRR56.66%
Alpha (ann.)61.58%
Beta-0.15
Sharpe1.50
Max DD-16.04%
Kweichow Moutai — the only luxury good with a moat
Return-11.29%
IRR-10.45%
Alpha (ann.)-19.22%
Beta0.37
Sharpe-0.49
Max DD-19.23%
Tesla: margin troughs always recover
Return10.29%
IRR16.07%
Alpha (ann.)-12.81%
Beta1.95
Sharpe0.56
Max DD-29.93%
NVDA long / AMD short — relative AI plumbing
Return-26.16%
IRR-60.25%
Alpha (ann.)-74.49%
Beta-0.57
Sharpe-2.68
Max DD-32.86%
Long Alibaba — too cheap
Return-23.50%
IRR-38.97%
Alpha (ann.)-45.31%
Beta1.74
Sharpe-1.01
Max DD-31.74%
Microsoft: cloud + buybacks
Return-26.59%
IRR-35.32%
Alpha (ann.)-46.74%
Beta0.89
Sharpe-1.67
Max DD-33.91%
tttt
Return36.46%
IRR243.23%
Alpha (ann.)115.16%
Beta0.56
Sharpe3.79
Max DD-11.94%
gds
Return-0.09%
IRR-4.41%
Alpha (ann.)-68.65%
Beta2.00
Sharpe-0.00
Max DD-4.23%
test
Return3.03%
IRR23138.73%
Alpha (ann.)—
Beta—
Sharpe—
Max DD0.00%
Long KO / Short PEP — relative value
Return6.34%
IRR28.31%
Alpha (ann.)24.46%
Beta0.03
Sharpe2.87
Max DD-2.51%
Long Apple — quality + buybacks
Return18.90%
IRR42.06%
Alpha (ann.)5.12%
Beta1.70
Sharpe1.19
Max DD-15.54%