Trading Conceiver outputs a very complete and comprehensive set of statistics, i.e. performance metrics, about your trading algorithms.
Here you will learn how to exploit them.
Open the statistics window
In order to open the statistics window, in the main window of Trading Conceiver, select the check box
Statistics
Each time you run a simulation, the statistics will be updated.
Percentage and Currency
Usually statistics are divided in a section where the figures are given as a percentage, and another where the figures are given as currency ($ € £ ¥ ...).
The standard symbol to denote an unspecified currency is the Unicode currency sign (U+00A4):
¤
It is said to be a deictic sign, because its referent depends on the context.
Fractions of stocks
In order to keep the calculations of performance metrics coherent between percentage and currency,
it is assumed that all the capital is invested when opening a position (short of brokerage fees).
This implies that a fractional number of stock (or any other instrument) can be bought.
Usually, this is unfeasible and may deviate the calculated performance from reality.
Reinvestment
Calculations are performed with reinvestment, i.e. the earned money is reinvested again in the next trades.
Metrics and tool-tips
You can read the meaning of each metrics in the tool-tip appearing when you hover the mouse over them.
Tabs
The window is divided in tabs, each reporting related metrics. The 'Summary' tab reports the most important.
Annual return
The following metrics are calculated only if the relevant data have been entered
in the Annual return section of the Profit tab:
Trading period (days)
Trading period (years)
Trades per year
Entries per year
Annual return
Calculation details about some metrics
Here we list some details about the computation of some metrics.
These could be valuable only if you tried to do the math by yourself, found slightly different numbers than those output by Trading Conceiver and want to understand why.
In all other cases you can dismiss this section, because they are really minutiae.
Buy and hold return
In general, trading can occur at open, during the intraday, or at close. The price of the trading will be set accordingly.
In the case of the buy and hold return, the choice of the buying and selling price is the following.
Between trades
This is computed between the day of the first trade and the day of the last trade, and it is called
Buy and hold return (between trades)
The prices considered are the same as those of the first and the last trade.
Between selected time range
This is computed between the 'from' and 'to' days selected by the user in the Profit tab, in the Time range pane, and it is called
Buy and hold return (between selected time range)
The price considered when closing (liquidating) the operation is always the close price of the selected 'to' day.
The price considered when opening (starting) the operation is the following:
close of 'from' day
If one of the following 'When to trade' radio buttons in the Composer is selected:
Only at close (shift to close)
Only at close (consider only close)
In order to open the statistics window, in the main window of Trading Conceiver, select the check box
You can read the meaning of each metrics in the tool-tip appearing when you hover the mouse over them.
