Notes

{"metric":{"name":"EFA_later_fixed_condTrue_cost0.001_hold3","symbol":"EFA","period":"later","mode":"fixed","conditional":true,"cost_oneway":0.001,"hold":3,"return_pct":-2.359834296900576,"drawdown_pct":9.357740353902766,"win_rate_pct":52.63157894736842,"avg_win_pct":0.948728177851732,"avg_loss_pct":1.3011634187541774,"sample":19,"mean_pct":-0.11700994685633027,"quarter_kelly":0,"ledger_error":2.000888343900442e-11,"cagr_pct":-0.6488280618635045,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.6800959130651807,0.47020638660648606],"return_p05_p50_p95_pct":[-10.873684406881592,-2.277312071427662,6.64478531313751],"regimes":{"1":{"sample":12,"mean_pct":-0.14534590802579825,"return_pct":-1.8564743872949263},"2":{"sample":7,"mean_pct":-0.06843401342295713,"return_pct":-0.5128814218390509}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"EFA_train_fixed_condFalse_cost0.001_hold3","symbol":"EFA","period":"train","mode":"fixed","conditional":false,"cost_oneway":0.001,"hold":3,"return_pct":-9.0463499674171,"drawdown_pct":21.635509310005887,"win_rate_pct":48.78048780487805,"avg_win_pct":1.034615219362709,"avg_loss_pct":1.190200426467609,"sample":82,"mean_pct":-0.10492450167233187,"quarter_kelly":0,"ledger_error":3.456079866737127e-11,"cagr_pct":-1.3479277961094605,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.4299213648328093,0.2205873419157431],"return_p05_p50_p95_pct":[-27.565610211531457,-8.987784337812633,13.724861096299756],"regimes":{"2":{"sample":63,"mean_pct":-0.1848372905621605,"return_pct":-11.64960424871878},"3":{"sample":19,"mean_pct":0.1600494825413111,"return_pct":2.946511171982502}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"EFA_train_range_condTrue_cost0.001_hold3","symbol":"EFA","period":"train","mode":"range","conditional":true,"cost_oneway":0.001,"hold":3,"return_pct":-4.235450538914209,"drawdown_pct":14.010420355680864,"win_rate_pct":38.70967741935484,"avg_win_pct":1.5258237033777802,"avg_loss_pct":1.1726988463209678,"sample":31,"mean_pct":-0.12810947224403305,"quarter_kelly":0,"ledger_error":1.6370904631912708e-11,"cagr_pct":-0.6174880701542262,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.6321942322129009,0.38874040945891103],"return_p05_p50_p95_pct":[-15.836200286734192,-4.343602826289455,9.385965461971573],"regimes":{"2":{"sample":26,"mean_pct":-0.3178026720683381,"return_pct":-8.202624954203408},"3":{"sample":5,"mean_pct":0.8582951668423581,"return_pct":4.321664332242814}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"EFA_train_fixed_condTrue_cost0.001_hold3","symbol":"EFA","period":"train","mode":"fixed","conditional":true,"cost_oneway":0.001,"hold":3,"return_pct":3.2609496161448037,"drawdown_pct":11.791380763436765,"win_rate_pct":54.83870967741935,"avg_win_pct":1.2359758910910998,"avg_loss_pct":1.2409857144326344,"sample":31,"mean_pct":0.11734806924167145,"quarter_kelly":0.023735913881394233,"ledger_error":1.8189894035458565e-11,"cagr_pct":0.4603250660462299,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.4953829498127645,0.6830657018648331],"return_p05_p50_p95_pct":[-11.166813412645947,3.5281156480579723,20.1328984185511],"regimes":{"2":{"sample":26,"mean_pct":-0.049631376113552304,"return_pct":-1.6161969494669748},"3":{"sample":5,"mean_pct":0.9856411850888339,"return_pct":4.9572657433327505}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_train_range_condTrue_cost0.001_hold4","symbol":"SPY","period":"train","mode":"range","conditional":true,"cost_oneway":0.001,"hold":4,"return_pct":-3.0495317245253117,"drawdown_pct":11.969462034810107,"win_rate_pct":44.11764705882353,"avg_win_pct":1.6381711080176276,"avg_loss_pct":1.4301596645141612,"sample":34,"mean_pct":-0.07648432369131317,"quarter_kelly":0,"ledger_error":1.8189894035458565e-11,"cagr_pct":-0.4422707780520341,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.6482020717999687,0.4755349821863284],"return_p05_p50_p95_pct":[-16.815885175177126,-3.2941965185956876,13.876448724787544],"regimes":{"2":{"sample":28,"mean_pct":0.00909934874049966,"return_pct":-0.21770665124135613},"3":{"sample":6,"mean_pct":-0.47587479503976665,"return_pct":-2.8380035958743832}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_train_range_condTrue_cost0.001_hold2","symbol":"SPY","period":"train","mode":"range","conditional":true,"cost_oneway":0.001,"hold":2,"return_pct":-6.545533297117512,"drawdown_pct":12.610231504487446,"win_rate_pct":41.17647058823529,"avg_win_pct":1.4304037467598643,"avg_loss_pct":1.3178476677161488,"sample":34,"mean_pct":-0.18621473234367286,"quarter_kelly":0,"ledger_error":2.9103830456733704e-11,"cagr_pct":-0.9642051120683282,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.7109998242725398,0.3217522442104098],"return_p05_p50_p95_pct":[-18.81587869405557,-6.779471418340377,8.199964010327648],"regimes":{"2":{"sample":28,"mean_pct":-0.18096049130513786,"return_pct":-5.332933215558278},"3":{"sample":6,"mean_pct":-0.21073452385682667,"return_pct":-1.2809101652213606}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_later_range_condTrue_cost0.005_hold3","symbol":"SPY","period":"later","mode":"range","conditional":true,"cost_oneway":0.005,"hold":3,"return_pct":-17.236175881177807,"drawdown_pct":20.23577922449681,"win_rate_pct":36.84210526315789,"avg_win_pct":0.5590375684540223,"avg_loss_pct":1.8807186169103318,"sample":19,"mean_pct":-0.9818610749339908,"quarter_kelly":0,"ledger_error":1.2732925824820995e-11,"cagr_pct":-5.025849357286106,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-1.7774200701995486,-0.22203653779496405],"return_p05_p50_p95_pct":[-27.461246847722258,-17.220503839529012,-6.40685408083792],"regimes":{"1":{"sample":12,"mean_pct":-1.547906900512689,"return_pct":-17.13992440644351},"2":{"sample":7,"mean_pct":-0.011496802513364277,"return_pct":-0.11616146140908112}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_later_fixed_condTrue_cost0.005_hold3","symbol":"SPY","period":"later","mode":"fixed","conditional":true,"cost_oneway":0.005,"hold":3,"return_pct":-13.052542176797143,"drawdown_pct":18.88453386789418,"win_rate_pct":31.57894736842105,"avg_win_pct":1.0205981054160338,"avg_loss_pct":1.524735690600488,"sample":19,"mean_pct":-0.720946070805797,"quarter_kelly":0,"ledger_error":1.0913936421275139e-11,"cagr_pct":-3.7406401736469697,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-1.632654831615754,0.15164150941922577],"return_p05_p50_p95_pct":[-25.51999054223055,-12.669326035149698,0.2001001230984722],"regimes":{"1":{"sample":12,"mean_pct":-1.2171774974867842,"return_pct":-13.813807443217051},"2":{"sample":7,"mean_pct":0.12973637493304147,"return_pct":0.8832798431355648}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_later_range_condTrue_cost0.0002_hold3","symbol":"SPY","period":"later","mode":"range","conditional":true,"cost_oneway":0.0002,"hold":3,"return_pct":-0.6755807266517921,"drawdown_pct":9.741559973690206,"win_rate_pct":42.10526315789473,"avg_win_pct":1.4474684893257344,"avg_loss_pct":1.0988354349471219,"sample":19,"mean_pct":-0.02670746683223494,"quarter_kelly":0,"ledger_error":9.094947017729282e-12,"cagr_pct":-0.18460041174875874,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.8310549776379852,0.7340953632446876],"return_p05_p50_p95_pct":[-12.072626276291523,-0.8591332072623192,12.855247595890482],"regimes":{"1":{"sample":12,"mean_pct":-0.5982135113013474,"return_pct":-7.02286535064286},"2":{"sample":7,"mean_pct":0.9530171808291044,"return_pct":6.826715673620853}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_later_fixed_condTrue_cost0.0002_hold3","symbol":"SPY","period":"later","mode":"fixed","conditional":true,"cost_oneway":0.0002,"hold":3,"return_pct":4.3451755344827925,"drawdown_pct":11.03904468216198,"win_rate_pct":52.63157894736842,"avg_win_pct":1.474599650536561,"avg_loss_pct":1.1386925696291395,"sample":19,"mean_pct":0.23672438835280826,"quarter_kelly":0.04013367090292466,"ledger_error":3.637978807091713e-12,"cagr_pct":1.1661215199695318,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.6747188430515116,1.106900487609068],"return_p05_p50_p95_pct":[-9.545680472549693,4.351728386968534,20.647916772936995],"regimes":{"1":{"sample":12,"mean_pct":-0.264293810153965,"return_pct":-3.2906357752518045},"2":{"sample":7,"mean_pct":1.095612728650133,"return_pct":7.895627658133897}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_later_fixed_condFalse_cost0.001_hold3","symbol":"SPY","period":"later","mode":"fixed","conditional":false,"cost_oneway":0.001,"hold":3,"return_pct":-6.067834648261727,"drawdown_pct":19.516164531249803,"win_rate_pct":47.72727272727273,"avg_win_pct":1.0420413417736902,"avg_loss_pct":1.2045741006437343,"sample":44,"mean_pct":-0.13232582130814527,"quarter_kelly":0,"ledger_error":9.094947017729282e-12,"cagr_pct":-1.691769922866715,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.5912444927015751,0.34016300424136614],"return_p05_p50_p95_pct":[-20.899901404758157,-6.336526485374177,11.809171789525125],"regimes":{"1":{"sample":28,"mean_pct":-0.4190987608347853,"return_pct":-11.371488302195997},"2":{"sample":16,"mean_pct":0.3695268228634743,"return_pct":5.984139361403584}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_later_range_condTrue_cost0.001_hold3","symbol":"SPY","period":"later","mode":"range","conditional":true,"cost_oneway":0.001,"hold":3,"return_pct":-3.6496091120837293,"drawdown_pct":11.493560562697835,"win_rate_pct":42.10526315789473,"avg_win_pct":1.285282306529545,"avg_loss_pct":1.2569507885756,"sample":19,"mean_pct":-0.18653685379448628,"quarter_kelly":0,"ledger_error":7.275957614183426e-12,"cagr_pct":-1.008280384186988,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.9636297394857071,0.5704831950615763],"return_p05_p50_p95_pct":[-14.453244425762305,-3.712989074526912,9.321632934543263],"regimes":{"1":{"sample":12,"mean_pct":-0.7571292196358582,"return_pct":-8.790998127251237},"2":{"sample":7,"mean_pct":0.7916214876478657,"return_pct":5.636931563334868}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_later_fixed_condTrue_cost0.001_hold3","symbol":"SPY","period":"later","mode":"fixed","conditional":true,"cost_oneway":0.001,"hold":3,"return_pct":1.2208128028125653,"drawdown_pct":11.784378654608862,"win_rate_pct":52.63157894736842,"avg_win_pct":1.312370092587325,"avg_loss_pct":1.2967442028254739,"sample":19,"mean_pct":0.07647384739178861,"quarter_kelly":0.014567889009307791,"ledger_error":1.0913936421275139e-11,"cagr_pct":0.3312953455616663,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.8545569821383239,0.9556362585298014],"return_p05_p50_p95_pct":[-12.399578400400909,1.349605246497354,17.0368197666076],"regimes":{"1":{"sample":12,"mean_pct":-0.42374336287607495,"return_pct":-5.129743824081268},"2":{"sample":7,"mean_pct":0.9339890649938385,"return_pct":6.693938524966203}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_train_fixed_condFalse_cost0.001_hold3","symbol":"SPY","period":"train","mode":"fixed","conditional":false,"cost_oneway":0.001,"hold":3,"return_pct":7.213037233629227,"drawdown_pct":13.604384413711589,"win_rate_pct":54.87804878048781,"avg_win_pct":1.1810479864679009,"avg_loss_pct":1.2180735330178842,"sample":82,"mean_pct":0.09851754474870522,"quarter_kelly":0.02085384037682851,"ledger_error":5.820766091346741e-11,"cagr_pct":1.0018034353291627,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.2817006092114432,0.471811761320764],"return_p05_p50_p95_pct":[-16.998528230069926,8.007102674289236,38.778901476545975],"regimes":{"2":{"sample":63,"mean_pct":0.07750385382644095,"return_pct":3.9370208297988984},"3":{"sample":19,"mean_pct":0.1681945199119995,"return_pct":3.151924480494439}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_train_range_condTrue_cost0.001_hold3","symbol":"SPY","period":"train","mode":"range","conditional":true,"cost_oneway":0.001,"hold":3,"return_pct":-5.036758995840085,"drawdown_pct":11.069094329202978,"win_rate_pct":41.17647058823529,"avg_win_pct":1.6518335305721523,"avg_loss_pct":1.3909927895072571,"sample":34,"mean_pct":-0.1380643047686768,"quarter_kelly":0,"ledger_error":1.8189894035458565e-11,"cagr_pct":-0.7369354711468157,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.6868827262363107,0.40455541742822726],"return_p05_p50_p95_pct":[-17.893762456644286,-5.160356524166065,10.847163372737652],"regimes":{"2":{"sample":28,"mean_pct":-0.09282345793534497,"return_pct":-2.999101540543825},"3":{"sample":6,"mean_pct":-0.3491882566575533,"return_pct":-2.1006583316830363}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

{"metric":{"name":"SPY_train_fixed_condTrue_cost0.001_hold3","symbol":"SPY","period":"train","mode":"fixed","conditional":true,"cost_oneway":0.001,"hold":3,"return_pct":12.367855542639838,"drawdown_pct":11.143294501135447,"win_rate_pct":52.94117647058824,"avg_win_pct":1.8171898126640145,"avg_loss_pct":1.2718645311918881,"sample":34,"mean_pct":0.3635171802612368,"quarter_kelly":0.05001089838385096,"ledger_error":2.7284841053187847e-11,"cagr_pct":1.682929615103701,"both_hit":0},"statistics":{"trade_mean_ci95_pct":[-0.3994685388236373,1.077293920792301],"return_p05_p50_p95_pct":[-9.210512063073521,12.061751854727854,39.229856825524784],"regimes":{"2":{"sample":28,"mean_pct":0.36016955627918357,"return_pct":9.897505834577846},"3":{"sample":6,"mean_pct":0.37913942551081503,"return_pct":2.247866945934862}}}}; Percent returns; one-way cost=fee+slip split equally. Calendar3-month bootstrap10000 seed906; later2023-Sep2026 not pristine independent OOS. Daily exit approximations, no signedflow/15min validation. https://runway.adityaperswal.workers.dev/data/stock-bars ; local artifacts/test.py,stats.py; frozen note213

Liveledger3closedoperatorliquidations SNOW9,DELL7,GTLB1; noopen/pending/closing. Zeromonitors. Own33.33%winrate,avgwin7.9399413%,avgloss5.2614318%,totalPnL-1.0460529 frompriorrecord's exactentriesandquantityarithmetic; notfreshinference. No naturalstop/targetexits, benchmarkedquotesorfilledlimitorders so cannotestimateplannedexitodds/slippage. Cash245.69fund,850.99account,25%cap212.7475,nominal1%risk8.5099. Jobs8/15 active,next07UTC/02:30UTC; newsjobemptyoutputdoesnotcertifycoverage. Neitherjobrunsbeforenext02UTC research. Noeligibletrade requireswatchbeforethen. Otherfundmonitors andPATHtrade8notquant-owned; contextpreviousCIOsaysPATHlessonrecorded. query_trades fund=quant ; list_monitors fund=quant ; list_jobs fund=quant ; user snapshot2026-09-06T00:00:22Z

Fetched2026-09-06~00:04UTC onepaginatedSIPrequest withsymbolsSPY,EFA,EEM,timeframe1Day,start2016-01-01,end2026-09-05T00:00Z,adjustmentall,limit10000. Each2684bars Jan4 2016–Sep4 2026,8052total; bars.json SHA256c28d49c8bc3913998a3b1fdf2abc89fea3921638d4dad0018ca4acca249c1865. FeedisvenueforwardedAlpaca,notindependentissuerprices; historical revisions/splits/dividends possible. NYSEcalendar validation pending; currentSeptembermonth excludedfromeventselection. https://runway.adityaperswal.workers.dev/data/stock-bars

SEC direct regulatory sources accessed2026-09-06: T+2 implementation September5 2017; T+1 compliance May28 2024. PriorT+3. Any settlement-cashflow replication must change event anchoring across these dates; fixed historicT-3 is a distinct diagnostic, not current mechanism. Trading calendar versus settlement-bank holidays also needs explicit handling. https://www.sec.gov/newsroom/press-releases/2017-163 ; https://www.sec.gov/exams/educationhelpguidesfaqs/t1-faq

Accessed2026-09-06. Etula/Rinne/Suominen/Vaittinen published2020 RFS33(1)75-111, older2015draft reports settlement-linked institutional trading reversal; downloaded finalPDF, fulltext extraction pending. McConnell/Xu2008 abstract studies1926-2005 and31/35countries, says trading-volume/net-equity-fund-flow evidence does not support simple monthend buying-pressure hypothesis. Distinct papers, not independent proof of our venue edge. Academic author research is closest available to studied samples, not current signed-order data; mechanisms/populations differ. https://aaltodoc.aalto.fi/server/api/core/bitstreams/0f01d3c2-3b16-44f9-9135-3f03cdd29334/content ; https://business.purdue.edu/faculty/mcconnell/publications/Equity-Returns-at-the-Turn-of-the-Month.pdf

A news scan found the headline 'AQR institutional cost study scope rechecked'. Accessed on September 5, 2026, the original authors' working-paper summary is dated December 5, 2012, and it covers institutional trading in 19 developed equity markets from 1998 to 2011, with nearly $1 trillion turnover. The report finds that size, value, and momentum strategies can be implemented at substantial assets, but short-term reversal is weaker after costs. The authors, who are investment managers, have access to their own trading dataset, but this is not independent corroboration. The study has a different universe, scale, and execution compared to a small ETF book, and it is not possible to infer the actual fees or universal reversal failure from this venue. Only the summary was rechecked this time, and reading the full paper belongs to prior research. https://www.aqr.com/Insights/Research/Working-Paper/Trading-Costs-of-Asset-Pricing-Anomalies

A review of trading on September 5 used Python arithmetic and did not include new backtesting. The saved range from September 4, 2023, to 2026, showed a win rate of 54.17304189%, a loss rate of 1.671876922%, and a loss amount of 1.52244942%. This resulted in a payoff of -0.0794750434% per trade and a raw quarter Kelly of -0.011884105. The policy allocation was 0. The net return was -14.83836657% with a drawdown of 16.95913988%. The daily synthetic fills and cost assumptions remained limited. The returns for Direct3 were -5.3923644805% for SNOW, 7.9399413074% for DELL, and -5.1304990470% for GTLB. The win rate was 33.3333%, the average win was 7.9399413%, and the average loss was 5.2614318%. The quantity-weighted profit and loss was -1.04605290 dollars. All trades were closed by the operator, with no natural stops or targets, making it impossible to estimate the planned exit odds, slippage, or reliable Kelly from this sample. query_research fund=quant analyses strategy169; query_trades fund=quant; https://runway.adityaperswal.workers.dev/data/stock-bars

On September 5, at 16:36 UTC, a direct venue read showed there were no open, pending, or closing quantitative trades and no quantitative monitors. There were three closed operator liquidations. The account equity was $850.99, the quantitative cash was $245.69, the computed 25% capital was $212.75, and the nominal 1% risk was $8.51. A job, known as Job8, was active with 15 runs and was scheduled to run next at 19:00:12Z. The latest run at 07 UTC had an exit code of 0, but the empty output does not necessarily mean that all news was covered or that there were no earnings. This is because an empty output, or stdout, simply means there was no output, not that everything was processed. Another job, Job15, was active with 59 runs and was scheduled to run next on September 6 at 02:30:11Z. The last run on September 5 at 02:30 had an exit code of 0 and produced a complete output of 19 symbols, but all were marked as not eligible for trading, with the top three being EWY, EWT, and EWP, which are currently for research only. There was no new eligible evidence found since strategy 169 was implemented. It is also important to note that other funds' monitors and a trade known as PATH trade8 remain the responsibility of their respective owners, a concept known as ownership responsibility, meaning the owners are in charge of them. query_trades fund=quant; list_monitors fund=quant; list_jobs fund=quant; user account snapshot 2026-09-05T16:34:01Z

A script called Sep5audit.py performed an ad-hoc calculation and saved the results in a file called audit.json. This audit looked at the returns of three trades, specifically SNOW, DELL, and GTLB, which were -5.39236448%, +7.93994131%, and -5.13049905% respectively. The win rate was 33.3333%, with the highest win at 7.93994% and the highest loss at 5.26143%. There were no natural exits, meaning no trades were closed due to a stop or target being hit, and there was no slippage, which refers to the difference between the expected price of a trade and the actual price at which it is executed. The audit also looked at the baseline consecutive rotation repeats, which were 35.3863% in the training set and 32.4176% in the holdout set, meaning that about 35% of the time, the same sector was selected in consecutive rotations. Additionally, the sector range gross mean was 0.120566%, which implies a rough break-even point of about 6 basis points one way, although this does not take into account actual venue costs or entry eligibility, with basis points referring to a unit of measurement for interest rates and investment returns. query_trades fund=quant ; https://runway.adityaperswal.workers.dev/data/stock-bars

A news scan found the headline is not available, but a Base64-XZ JSON archive was found. The archive is part of a group core with a SHA256 decoded code of 403f2832f91fbb03261583da46be178c3ed4f28a1895701832a4be236ece898c. To access the content, the parts need to be concatenated numerically, then base64 decoded, and finally lzma decompressed. The payload is provided as a long string of characters. https://runway.adityaperswal.workers.dev/data/stock-bars