Trend-Following Backtester · Guide · backtest 한국어

equity · US

Republic Services, Inc. backtest

10 trend-following strategies were compared on the full daily history of Republic Services, Inc.. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 9.0%, MDD -38.1%).

Data 1998-07-01 ~ 2026-07-31daily bars 7,064 (28.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 9.4%, drawdown -66.0%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 9.0%, MDD -38.1%, Sharpe 0.53, 86% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.4%p lower than buy and hold, while drawdown improves by 27.8%p (CAGR 9.0%, MDD -38.1%, exposure 86%).

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=262, threshold=-0.1
9.0%-38.1%0.530.2411.2x4086%
EMA 크로스오버
fast=44, slow=272
6.4%-39.7%0.420.165.7x3080%
Donchian 채널 돌파
entryN=14, exitN=73
6.1%-53.3%0.370.115.3x6589%
SMA 크로스오버
fast=12, slow=187
4.1%-44.0%0.310.093.1x7974%
MACD
fast=17, slow=46, signal=24
3.7%-58.8%0.290.062.8x28251%
볼린저 밴드 돌파
n=46, k=3.2
0.8%-23.2%0.170.031.2x207%
Supertrend
period=24, mult=2.7
0.9%-57.2%0.150.021.3x22461%
Parabolic SAR
step=0.005, maxStep=0.2
0.9%-67.0%0.140.011.3x25259%
ADX / DI 방향성
period=35, threshold=29
0.2%-8.1%0.080.021.0x124%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=21, mult=2
-2.7%-67.8%-0.11-0.040.5x17049%
Buy and hold9.4%-66.0%0.460.1412.3x1100%
1x 10x 1999 2003 2007 2011 2015 2019 2023 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -16% -33% -49% -66% 1999 2003 2007 2011 2015 2019 2023 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -38.1% (2008-08-11 → 2012-11-02), recovered after 2,550 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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