Trend-Following Backtester · Guide · backtest 한국어

equity · US

Vertex Pharmaceuticals Incorporated backtest

10 trend-following strategies were compared on the full daily history of Vertex Pharmaceuticals Incorporated. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 1991-07-24 ~ 2026-07-31daily bars 8,818 (35.0 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 14.2%, drawdown -91.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 11.6%, MDD -91.8%, Sharpe 0.47, 99% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
Hold-like · Exposure 99%
n=1, threshold=-0.09
11.6%-91.8%0.470.1347.2x12999%
Donchian 채널 돌파
entryN=20, exitN=27
10.1%-66.1%0.430.1529.0x16360%
ADX / DI 방향성
period=23, threshold=13
9.6%-62.5%0.420.1525.1x37346%
SMA 크로스오버
fast=56, slow=141
7.6%-69.9%0.380.1112.9x7358%
볼린저 밴드 돌파
n=33, k=3.1
5.9%-47.9%0.350.127.4x8016%
Supertrend
period=19, mult=4.4
6.4%-78.7%0.350.088.8x12556%
EMA 크로스오버
fast=70, slow=157
4.5%-80.1%0.310.064.7x5559%
Parabolic SAR
step=0.015, maxStep=0.12
1.5%-86.6%0.230.021.7x58851%
Keltner 채널 돌파
emaPeriod=37, atrPeriod=10, mult=3.5
2.5%-73.9%0.220.032.4x8619%
MACD
fast=21, slow=37, signal=22
-1.8%-96.0%0.13-0.020.5x38649%
Buy and hold14.2%-91.8%0.510.16105.5x1100%
1x 10x 100x 1992 1997 2002 2007 2012 2017 2022 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -92% 1992 1997 2002 2007 2012 2017 2022 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -91.8% (2000-11-02 → 2004-08-09), recovered after 5,387 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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