Notes

A news scan found the headline related to ELG.DE, specifically the R92104 issuer's Q3 calendar. The primary presentation from September 16, page 23, lists November 10, 2026, as the date for the quarterly results for Q3, with only the date provided. According to the footnote, the results may be released earlier or the date may be changed. A monitor review is scheduled for 12:30 UTC, which is the chosen time, not the time promised by the issuer. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260916_investor_presentation.pdf

A news scan found the headline about ELG.DE with the following details: the exact friction is E140.6, the stale September 16 Average True Range, or ATR, is 4.8400009155, and the S value is 130.919998169. The buy factor is 1.0015 multiplied by 1.0005, and the sell factor is 0.9985 multiplied by 0.9995. The calculation T equals the E value multiplied by the buy factor, plus 3 times the difference between the E value multiplied by the buy factor and the S value multiplied by the sell factor, all divided by the sell factor, which equals 171.894112. This supersedes the approximate value of 171.99 in document 3863. Note that this is not a target, entry, or valuation, and the stale range is not a current trade instruction. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE

A news scan found the data line for ELG.DE with the following information: the window is 2026 to 2026-09-18, with 4 trades, 20000 paths, and 20 trades per path. The mean trade percentage is 15.279142894079175. The bootstrap mean confidence interval percentage is between -5.085337533635134 and 29.43783321345016. The probability of the mean being positive is 0.95265. The final profit and loss percentages for the book are 197.96242818523768, 369.72521114455316, and 517.9729571777185 for the 5th, 50th, and 95th percentiles. The probability of the book losing is 0.0003. The maximum drawdown for the account is 5.304939434647293. The exit counts are as follows: stop is 0, gapstop is 1, target is 3, and time is 0. The half Kelly criterion is 0.30313499488431334. The seed is 92104, the stake is the minimum of the book, 120, or 0.25 of the account, with a fixed non-supply of 879.26, and no foreign exchange is involved. This is an empirical resampling, not live odds, based on the recent 4 trades, which are not calibration trades. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE

A news scan found the text: a window from 2023 to 2025 was used to analyze 19 events with 20000 paths and 20 trades per path. The mean trade percentage was -2.461470350402055. The bootstrap mean confidence interval percentage was between -7.256778970342964 and 3.1147455255644063. The probability of a positive mean was 0.1676. The final profit and loss percentages for the book were -87.07958559332585, -56.39223134046943, and 42.76140328148798 for the 5th, 50th, and 95th percentiles. The probability of a book loss was 0.8631. The maximum account drawdown at the 95th percentile was 9.752526876281875. There were 15 stop exits, 0 gap stop exits, 3 target exits, and 1 time exit. The half Kelly criterion was 0. This was based on seed 92104, with a stake of the minimum of the book, 120, or 0.25 of the account, and a fixed non-supply of 879.26. No foreign exchange was used, and empirical resampling was not based on live odds. The recent 4 trades were not used for calibration. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE

A news scan found the following data line: window from 2016 to 2022, with 32 data points, 20000 paths, and 20 trades per path. The mean trade percentage change was -0.16782047270337241. The bootstrap mean confidence interval percentage was between -4.471758242342003 and 4.734321793417242. The probability of the mean being positive was 0.459. The final profit and loss percentages for the book were -77.54071689550051 at the 5th percentile, -18.66474632301408 at the 50th percentile, and 116.22423185940139 at the 95th percentile. The probability of the book making a loss was 0.59765. The maximum drawdown percentage for the account at the 95th percentile was 9.19666411289759. The exit counts were 23 for stop, 0 for gap stop, 6 for target, and 3 for time. The half Kelly criterion was 0. Seed was 92104, with a stake of the minimum of the book, 120, or 0.25 times the account, and a non-supply of 879.26, which is fixed. No foreign exchange was involved. This was an empirical resampling, not live odds. The recent 4 trades were not used for calibration. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE

A news scan found the following data: the economics of ELG.DE have fee hurdles as shown in the table with 4 years and different discount rates. The table has the following rows: for a discount rate of 0.08, the annual pre-tax break even is 7.427251789569368, the undiscounted total is 29.709007158277473, the price per wafer if 100k is 74.27251789569368, the price per wafer if 250k is 29.709007158277473, and the price per wafer if 500k is 14.854503579138736. For a discount rate of 0.1, the annual pre-tax break even is 7.760581771170008, the undiscounted total is 31.042327084680032, the price per wafer if 100k is 77.60581771170008, the price per wafer if 250k is 31.042327084680032, and the price per wafer if 500k is 15.521163542340016. For a discount rate of 0.12, the annual pre-tax break even is 8.099167133119973, the undiscounted total is 32.39666853247989, the price per wafer if 100k is 80.99167133119974, the price per wafer if 250k is 32.39666853247989, and the price per wafer if 500k is 16.198334266239947. This is a derived sensitivity analysis, which means it looks at how different assumptions affect the results, including discount, wafer count, tax, and valuation yields. The fee source and calculations come from analysis3854. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260804_q2_2026_e.pdf

A news scan found the following data: the economics of ELG.DE have fee hurdles as shown in the following rows. The data shows different scenarios with the same number of years, which is 3 years, but different discount rates. The discount rate is a measure of the expected return on investment, and it affects the calculations. The first scenario has a discount rate of 0.08, which means an expected return of 8%, and the results are: an annual pre-tax break-even point of 9.545624445539676, an undiscounted total of 28.63687333661903, a cost per wafer if 100,000 wafers are produced of 95.45624445539676, a cost per wafer if 250,000 wafers are produced of 38.182497782158705, and a cost per wafer if 500,000 wafers are produced of 19.091248891079353. The second scenario has a discount rate of 0.1, or 10%, and the results are: an annual pre-tax break-even point of 9.89202416918429, an undiscounted total of 29.676072507552874, a cost per wafer if 100,000 wafers are produced of 98.9202416918429, a cost per wafer if 250,000 wafers are produced of 39.56809667673716, and a cost per wafer if 500,000 wafers are produced of 19.78404833836858. The third scenario has a discount rate of 0.12, or 12%, and the results are: an annual pre-tax break-even point of 10.242184921763872, an undiscounted total of 30.726554765291617, a cost per wafer if 100,000 wafers are produced of 102.42184921763872, a cost per wafer if 250,000 wafers are produced of 40.96873968705549, and a cost per wafer if 500,000 wafers are produced of 20.484369843527745. These results are based on assumptions about discount, wafer count, tax, and valuation yields, and the fee source and calculations come from analysis3854. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260804_q2_2026_e.pdf

A news scan found the following data: the economics of ELG.DE have fee hurdles as follows: for 2 years with a discount of 0.08, the annual pre-tax break even is 13.79492307692308, the undiscounted total is 27.58984615384616, the cost per wafer if 100k wafers are produced is 137.9492307692308, the cost per wafer if 250k wafers are produced is 55.17969230769232, and the cost per wafer if 500k wafers are produced is 27.58984615384616. For 2 years with a discount of 0.1, the annual pre-tax break even is 14.174285714285714, the undiscounted total is 28.34857142857143, the cost per wafer if 100k wafers are produced is 141.74285714285713, the cost per wafer if 250k wafers are produced is 56.69714285714286, and the cost per wafer if 500k wafers are produced is 28.34857142857143. For 2 years with a discount of 0.12, the annual pre-tax break even is 14.555773584905662, the undiscounted total is 29.111547169811324, the cost per wafer if 100k wafers are produced is 145.55773584905663, the cost per wafer if 250k wafers are produced is 58.22309433962265, and the cost per wafer if 500k wafers are produced is 29.111547169811324. This is a derived sensitivity analysis, which means it shows how different assumptions affect the results, and the assumptions include discount, wafer count, tax, and valuation yields. The fee source and calculations come from analysis3854. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260804_q2_2026_e.pdf

A news scan found the following economics guidance for ELG.DE: the company provided three different scenarios for their financial performance, with the following details: the first scenario has a growth rate of 0.14, a margin of 0.17, sales of 664.164, operating free cash flow of 112.908, a forecast yield of 0.0468, after known H1 payment of 91.845, after known H1 yield of 0.0381, and H2 needed of 57.372. The second scenario has a growth rate of 0.14, a margin of 0.19, sales of 664.164, operating free cash flow of 126.191, a forecast yield of 0.0523, after known H1 payment of 105.128, after known H1 yield of 0.0436, and H2 needed of 70.655. The third scenario has a growth rate of 0.14, a margin of 0.21, sales of 664.164, operating free cash flow of 139.474, a forecast yield of 0.0578, after known H1 payment of 118.411, after known H1 yield of 0.0491, and H2 needed of 83.938. These scenarios are based on assumptions including discount, wafer count, tax, and valuation yields, with fee source and calculations from analysis3854. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260804_q2_2026_e.pdf

A news scan found the following economics guidance for ELG.DE: the company provided three possible scenarios for its financial performance, with the following details: the first scenario has a growth rate of 0.12, a margin of 0.17, sales of 652.512, operating free cash flow of 110.927, a forecast yield of 0.045976384923753354, an amount of 89.864 after a known payment in the first half of the year, a yield of 0.0372463169831591 after this payment, and a needed amount of 55.391 for the second half of the year. The second scenario has a growth rate of 0.12, a margin of 0.19, sales of 652.512, operating free cash flow of 123.977, a forecast yield of 0.051385371385371394, an amount of 102.914 after a known payment in the first half of the year, a yield of 0.04265530344477713 after this payment, and a needed amount of 68.441 for the second half of the year. The third scenario has a growth rate of 0.12, a margin of 0.21, sales of 652.512, operating free cash flow of 137.027, a forecast yield of 0.056794357846989434, an amount of 115.965 after a known payment in the first half of the year, a yield of 0.04806428990639518 after this payment, and a needed amount of 81.492 for the second half of the year. These scenarios are based on assumptions about discount, wafer count, tax, and valuation yields, and the fee source and calculations are from analysis3854. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260804_q2_2026_e.pdf

A news scan found the following economics guidance for ELG.DE: the company provided three rows of guidance, which are as follows: the first row has a growth rate of 0.1, a margin of 0.17, sales of 640.86, operating free cash flow, or operating fcf, of 108.95, a forecast yield of 0.0452, after known H1 payment of 87.88, after known H1 yield of 0.0364, and H2 needed of 53.41. The second row has a growth rate of 0.1, a margin of 0.19, sales of 640.86, operating fcf of 121.76, a forecast yield of 0.0505, after known H1 payment of 100.70, after known H1 yield of 0.0417, and H2 needed of 66.23. The third row has a growth rate of 0.1, a margin of 0.21, sales of 640.86, operating fcf of 134.58, a forecast yield of 0.0558, after known H1 payment of 113.52, after known H1 yield of 0.0471, and H2 needed of 79.04. These rows are derived sensitivity, meaning they show how changes in certain assumptions, such as discount, wafer count, tax, and valuation yields, affect the results. The fee source and calculations come from analysis3854. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260804_q2_2026_e.pdf

A news scan found the following data: the economics sensitivity valuation of ELG.DE, also known as a grid of possible outcomes, is based on different assumptions. The required yield, or the minimum return expected, ranges from 0.04 to 0.07. The assumed future annual new grant cost, which is the cost of new grants, ranges from 0 to 20. The value of ELG.DE and the return percentage are calculated based on these assumptions. The results are as follows: for a required yield of 0.04 and no new grant cost, the value is 176.74 with a return of 25.71 percent. For a required yield of 0.04 and a new grant cost of 10, the value is 162.17 with a return of 15.34 percent. For a required yield of 0.04 and a new grant cost of 20, the value is 147.60 with a return of 4.98 percent. For a required yield of 0.05 and no new grant cost, the value is 140.62 with a return of 0.01 percent. For a required yield of 0.05 and a new grant cost of 10, the value is 128.96 with a return of -8.28 percent. For a required yield of 0.05 and a new grant cost of 20, the value is 117.31 with a return of -16.57 percent. For a required yield of 0.06 and no new grant cost, the value is 116.54 with a return of -17.12 percent. For a required yield of 0.06 and a new grant cost of 10, the value is 106.82 with a return of -24.02 percent. For a required yield of 0.06 and a new grant cost of 20, the value is 97.11 with a return of -30.93 percent. For a required yield of 0.07 and no new grant cost, the value is 99.33 with a return of -29.35 percent. For a required yield of 0.07 and a new grant cost of 10, the value is 91.01 with a return of -35.27 percent. For a required yield of 0.07 and a new grant cost of 20, the value is 82.68 with a return of -41.19 percent. These calculations are based on assumptions, not forecasts, and include inputs such as discount, yield, new grant cost, tax, and wafer count area, with a full analysis available at URL 3854. https://www.elmos.com/fileadmin/elmos-website/about-us/investor_relations/finanzberichte/2026/20260804_q2_2026_e.pdf

A data scan found the following measurements for ELG.DE: it has 2540 data points from 2016-09-19 to 2026-09-16, with a close of 139.80. The simple moving average, or average price over a set time, for 50 days is 146.36 and for 200 days is 144.40. The prior 20 days had an average of 144. The average true range, or price volatility, over 20 days is 4.84. The realized volatility, or actual price movement, over 20 days is 0.42. The correlation, or relationship, between ELG, DAX, and LFUS in 2026 is as follows: ELG and DAX have a correlation of 0.35, ELG and LFUS have a correlation of 0.42, and DAX and LFUS have a correlation of 0.29. The beta, or market sensitivity, of ELG in 2026 is 1.08. The alpha, or excess return, per day in 2026 is 0.00. The r-squared, or goodness of fit, is 0.12. A regression analysis used 175 data points. The worst open gap, or largest price jump, was -0.13. Event reactions from 2026-09-08 to 2026-09-09 were: ELG -0.42, DAX -1.66, and LFUS -0.23. There is no signal. The data has 2542 timestamps, 2540 complete bars, and 2 missing closes from Sep 17-18. There were 10 annual dividend events and no stock splits. The data has a cross-market close clock mismatch and uses DAX total return versus Yahoo adjusted stocks for correlations, which are descriptive. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE

A news scan found the headline 'ELG.DE R92104 fixed breakout L40 2026_2026-09-18 slippage0.0045'. The trading results for the window 2026_2026-09-18 are as follows: the return percentage is 63.39, the drawdown percentage is 20.60, and the win rate is 75. There were 4 trades, with a mean trade percentage of 14.59. The average win percentage is 24.45 and the average loss percentage is -15.00. The half Kelly criterion, a measure of optimal bet size, is 0.30. The reconcile error, a measure of data consistency, is very small at 9.992007221626409e-16. The actual history of the data ends on September 16, 2026, but the window label requested is September 18, 2026, and the closes for September 17-18 are missing, with no imputation, or estimation, of the missing values. The data has been adjusted for dividends and is in Euros, and the return is not the same as the executed profit and loss in US dollars. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L40 2026_2026-09-18 slippage0.0015'. The trading results for the window from 2026 to 2026-09-18 are as follows: the return percentage is 67.3585542558506, the drawdown percentage is 20.12329671292742, and the win rate is 75. The mean trade percentage is 15.279142894079175, the average win percentage is 25.20187895150512, and the average loss percentage is -14.489065278198654. The half Kelly criterion, a measure used to determine the optimal bet size, is 0.30313499488431334. There is a small reconcile error of 4.440892098500626e-16. The actual history ends on September 16, but the window label was requested for September 18, and the closes for September 17-18 are missing, with no imputation. The dividends are adjusted for OHLC, or open, high, low, and close prices, in EUR return, not USD executed profit and loss. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L40 2023_2025 slippage0.0045'. The given data is a set of trading results for the stock ELG.DE, which is a ticker symbol, from 2023 to 2025. The results include a return percentage of -20.29%, a drawdown percentage of 59.34%, and a win rate of 25%. The average trade percentage was -0.72%, with an average win percentage of 20.33% and an average loss percentage of -7.74%. The half Kelly criterion, a measure of optimal bet size, was 0. The reconcile error, a measure of data consistency, was very small, at 8.604228440844963e-16. The actual trading history ends on September 16, but there was a request for data up to September 18. However, the closing prices for September 17 and 18 are missing, and no attempt was made to estimate them. The data was adjusted for dividends, and the returns are in Euros, not US dollars, and are based on the executed profit and loss, also known as PnL. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L40 2023_2025 slippage0.0015'. The given data is a performance report for the ticker ELG.DE from 2023 to 2025. The report shows a return percentage of -12.2626, a drawdown percentage of 56.8286, and a win rate of 25. The average winning trade percentage is 21.0503 and the average losing trade percentage is -7.1809. The data is based on 16 trades with a mean trade percentage of -0.1231. The half Kelly criterion, a measure of optimal bet size, is 0. The reconcile error, a measure of data consistency, is 6.5226e-16. The actual history of the data ends on September 16, but a window label was requested for September 18, although the closes for September 17-18 are missing and no imputation was done. The data is adjusted for dividends and uses EUR returns, not USD executed profit and loss. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L40 2016_2022 slippage0.0045'. The trading results for ELG.DE from 2016 to 2022 show a return percentage of -20.38542169757969 and a drawdown percentage of 41.53995810752774. The win rate was 31.818181818181817 out of 22 trades, with a mean trade percentage of -0.362032935691932. The average win percentage was 15.69812833402549 and the average loss percentage was -7.856774861560063. The half Kelly criterion, a measure of optimal bet size, is 0. There is a small reconcile error of 5.551115123125783e-17. The actual trading history ends in September 2016, but a window label was requested for September 2018, although closing prices for September 2017 to 2018 are missing and no imputation was done. Dividends were adjusted for OHLC, or open, high, low, and close prices, and returns are in Euros, not US dollars, and the executed profit and loss is also in Euros. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L40 2016_2022 slippage0.0015'. The trading results for ELG.DE from 2016 to 2022 show a return percentage of -9.151025440131423 and a drawdown percentage of 36.870993311855415. The win rate was 31.818181818181817 out of 22 trades, with a mean trade percentage of 0.2375978064277705. The average win percentage was 16.394410650885845 and the average loss percentage was -7.302248187652665. The half Kelly criterion, a measure of optimal bet size, was 0.0072463052038693465. There was a small reconcile error of 1.3183898417423734e-15. The actual trading history ended in September 2016, but a window label was requested for September 2018, although closing prices for September 2017 to 2018 are missing and no imputation was made. Dividends were adjusted for OHLC, or open, high, low, and close prices, in Euros, and the return was calculated, not the executed profit and loss in US dollars. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L20 2026_2026-09-18 slippage0.0045'. The trading data for the window 2026 to 2026-09-18 shows the following results: the length, referred to as L, is 20, and the slippage, which is the difference between expected and actual trade prices, is 0.0045. The return percentage is 63.38972669204982, the drawdown percentage, which is the decrease in value, is 20.601126668136448, and the win rate, which is the percentage of successful trades, is 75. There were 4 trades, with a mean trade percentage of 14.5895322138832. The average win percentage is 24.452909530515473, and the average loss percentage is -15.00059973601362. The half Kelly criterion, a measure used to determine the optimal bet size, is 0.29831894228530376. The reconcile error, which is the difference between expected and actual values, is 9.992007221626409e-16. The actual history of trades ends on September 16, but the data requested is for the window label September 18. However, the closing prices for September 17 and 18 are missing, and no imputation, or estimation, was made. The dividends, which are payments made to shareholders, were adjusted for the open, high, low, and close prices, and the return is in Euros, not US dollars, and the executed profit and loss is also in Euros. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L20 2026_2026-09-18 slippage0.0015'. The trading data for the window from 2026 to 2026-09-18 shows the following results: the return percentage is 67.3585542558506, the drawdown percentage is 20.12329671292742, and the win rate is 75. The average number of trades is 4, with a mean trade percentage of 15.279142894079175. The average win percentage is 25.20187895150512 and the average loss percentage is -14.489065278198654. The half Kelly criterion, a measure of optimal bet size, is 0.30313499488431334. There is a small reconcile error of 4.440892098500626e-16. The actual history ends on September 16, but the window label requested is September 18, and the closes for September 17-18 are missing, with no imputation. The dividends are adjusted for OHLC, or open, high, low, and close prices, in EUR return, not USD executed profit and loss. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L20 2023_2025 slippage0.0045'. The given data is a performance report for a trading strategy on the stock ELG.DE from 2023 to 2025. The report shows a return percentage of -50.43555188752061 and a drawdown percentage of 68.54377740120246. The win rate is 15.789473684210526 percent, with a mean trade percentage of -3.044955012833807. The average win percentage is 22.913489881869573 and the average loss percentage is -7.912163430590691. The half Kelly criterion, a measure of optimal bet size, is 0. The reconcile error, a measure of data consistency, is 3.3306690738754696e-16. The actual trading history ends on September 16, but the data from September 17 to 18 is missing and not estimated. The data is adjusted for dividends and uses the Euro as the currency for returns, not the US dollar for executed profit and loss. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L20 2023_2025 slippage0.0015'. The given data is a set of trading results for the stock ELG.DE from 2023 to 2025. The results include a return percentage of -44.45%, a drawdown percentage of 65.79%, and a win rate of 15.79%. The average winning trade percentage was 23.65%, and the average losing trade percentage was -7.36%. The data also shows a mean trade percentage of -2.46% over 19 trades. The half Kelly criterion, a measure of bet size, is 0. A reconcile error of 5.551115123125783e-16 was found. The actual trading history ends on September 16, but a window label was requested for September 18, although the closing prices for September 17 and 18 are missing and were not imputed. The data was adjusted for dividends and uses Euro as the currency for return calculations, not US dollars for executed profit and loss. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L20 2016_2022 slippage0.0045'. This refers to a trading strategy for the stock ELG.DE, which is a German company, with a fixed breakout, meaning a price level at which the strategy will buy or sell, and a slippage of 0.0045, which is the difference between the expected price and the actual price of a trade. The trading data from 2016 to 2022 shows a return percentage of -39.28%, a drawdown percentage of 51.68%, and a win rate of 25%. The data also includes the number of trades, which is 32, the mean trade percentage, which is -0.77%, the average win percentage, which is 21.03%, and the average loss percentage, which is -8.03%. The half Kelly criterion, a measure of the optimal bet size, is 0. The reconcile error, which is the difference between the expected and actual values, is very small, at 3.885780586188048e-16. The actual trading history ends on September 16, but the data from September 17 to September 18 is missing, and no imputation, or estimation, was made to fill in the missing values. The dividends, which are payments made to shareholders, were adjusted for, and the return is calculated in Euros, not US dollars, and the executed profit and loss, or PnL, is also in Euros. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits

A news scan found the headline 'ELG.DE R92104 fixed breakout L20 2016_2022 slippage0.0015'. This refers to a trading strategy for the stock ELG.DE, with a fixed breakout, a parameter called L set to 20, and a slippage of 0.0015, from 2016 to 2022. Slippage means the difference between expected and actual trade prices. The trading results from 2016 to 2022 show a return percentage of -26.427312678389058, a drawdown percentage of 42.621322445766715, and a win rate of 25. The total number of trades was 32, with a mean trade percentage of -0.16782047270337241. The average win percentage was 21.759411040795637 and the average loss percentage was -7.476897643869708. The half Kelly criterion, a formula to determine the optimal bet size, is 0. There is a small reconcile error of 1.5543122344752192e-15. The actual trading history ends on September 16, but there was a request for a 2026 window label on September 18, although the closing prices for September 17 and 18 are missing and were not estimated. The trading data is adjusted for dividends and uses the Euro as the currency for returns, not the US dollar for executed profit and loss. https://query1.finance.yahoo.com/v8/finance/chart/ELG.DE?range=10y&interval=1d&events=div%2Csplits