Trend-Following Backtester · Guide · backtest 한국어

equity · US

BridgeBio Pharma, Inc. backtest

10 trend-following strategies were compared on the full daily history of BridgeBio Pharma, Inc.. 7 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 27.3%, MDD -38.1%).

Data 2019-06-27 ~ 2026-07-31daily bars 1,783 (7.1 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 16.2%, drawdown -92.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 35.3%, MDD -45.0%, Sharpe 0.79, 59% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 19.2%p higher than buy and hold, while drawdown improves by 47.8%p (CAGR 27.3%, MDD -38.1%, exposure 19%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
ROC 모멘텀
n=151, threshold=0.03
35.3%-45.0%0.790.788.5x4159%
EMA 크로스오버
fast=50, slow=187
30.5%-44.6%0.760.686.6x755%
Donchian 채널 돌파
entryN=94, exitN=62
32.3%-40.3%0.760.807.3x749%
볼린저 밴드 돌파
n=30, k=2.8
27.3%-38.1%0.730.725.5x1919%
SMA 크로스오버
fast=22, slow=181
29.5%-47.6%0.710.626.3x1555%
Supertrend
period=13, mult=3.7
19.4%-67.8%0.570.293.5x3157%
ADX / DI 방향성
period=22, threshold=20
17.9%-39.1%0.550.463.2x3529%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=10, mult=2.7
16.1%-48.2%0.510.332.9x2130%
MACD
fast=18, slow=52, signal=16
6.5%-88.5%0.450.071.6x6748%
Parabolic SAR
step=0.005, maxStep=0.26
4.9%-59.0%0.350.081.4x6555%
Buy and hold16.2%-92.8%0.620.172.9x1100%
1x 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -70% -93% 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -45.0% (2021-02-08 → 2023-01-03), recovered after 756 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

Method and caveats

Past performance does not guarantee future returns. Parameters were carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

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