Trend-Following Backtester · Guide · backtest 한국어

equity · US

Ryman Hospitality Properties, Inc. (REIT) backtest

10 trend-following strategies were compared on the full daily history of Ryman Hospitality Properties, Inc. (REIT). 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester.

Data 1991-10-24 ~ 2026-07-31daily bars 8,753 (34.8 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 7.3%, drawdown -91.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 6.2%, MDD -73.8%, Sharpe 0.35, 82% exposure.

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
n=114, threshold=-0.12
6.2%-73.8%0.350.088.2x18982%
Supertrend
period=20, mult=3.3
4.5%-66.9%0.290.074.6x23760%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=17, mult=3.8
2.7%-32.3%0.270.082.5x6312%
Donchian 채널 돌파
entryN=13, exitN=79
3.5%-92.9%0.270.043.3x11185%
SMA 크로스오버
fast=57, slow=143
3.2%-69.4%0.250.053.0x7160%
EMA 크로스오버
fast=68, slow=135
3.1%-65.7%0.250.052.9x5562%
MACD
fast=28, slow=59, signal=23
3.0%-69.3%0.240.042.8x28550%
볼린저 밴드 돌파
n=41, k=3.5
1.1%-25.5%0.200.041.5x163%
ADX / DI 방향성
period=37, threshold=11
1.6%-51.1%0.180.031.8x28139%
Parabolic SAR
step=0.02, maxStep=0.28
-0.0%-83.5%0.14-0.001.0x75352%
Buy and hold7.3%-91.5%0.380.0811.5x1100%
1x 10x 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 -73.8% (1998-04-03 → 2003-03-14), recovered after 4,183 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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