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PTE Daily

Stocks · Started Apr 2007

hypothetical · Annual Return (Compounded)
0.0%
Max Drawdown
100.0%
Trades
254
Win Trades
59.1%
Profit Factor
0.10
Win Months
37.5%

About this strategy





This is a low-risk pair trading method that takes advantage of spreads between XOM and CVX. Trades can take days or weeks. When the conditions are right a recommendation to put the pair on will be given. Position size will be increased on open pairs when the time is right. When an adequate spread in our favor occurs a recommendation to close the pair will be given. Positions will always be put on and taken off simultaneously, e.g. there will be no naked long or short positions open. Via broadcast messages, you will be given instructions for which stock to be long and which to be short. Additionally, you will be given the minimum threshold spread for putting on the pair and later to take the pair off. Any updates will be given via the broadcast system as well.

Because pairs can be open for days and weeks, it is unwise to allocate more than 25% of your trading capital/ buying power to this low-risk strategy. Adjust your position sizes to fit this framework, but use a constant position size. If you want to re-adjust your constant position size do it periodically like once a quarter or once every other month.
















Hypothetical Monthly Returns (includes fees/commissions)

YearJanFebMarAprMayJunJulAugSepOctNovDecYTD
20071.22.6-0.62.31.8-0.61.61.00.39.9
20082.10.20.5-0.4-6.6-0.89.30.10.77.11.4-1.212.2
20090.0-1.06.9-0.01.5-1.02.70.8-0.5-2.41.7-5.52.9
20101.30.5-1.8-5.70.32.9-6.72.0-5.44.25.0-7.8-11.8
20115.2-3.8-5.2-0.96.71.5-4.99.17.3-16.118.4-17.5-5.9
20123.5-7.80.80.017.6-12.6-5.9-4.0-9.610.79.0-5.1-7.5
2013-13.11.2-10.72.2-10.011.4-12.314.1-7.42.2-6.2-4.4-31.6
201418.11.0-8.1-9.12.7-17.96.3-3.525.9-5.216.0-4.713.8
201519.0-6.11.1-9.914.77.59.614.70.8-16.20.0-0.632.5
20165.5-0.3-13.2-9.91.1-7.24.03.1-3.0-6.4-11.3-14.7-43.1
201714.9-0.86.53.72.2-2.2-7.14.6-24.67.8-12.1-18.5-28.9
20180.023.1-9.9-1.029.1-21.80.057.737.4
2019-13.4-13.9-22.10.00.013.14.95.4-6.7-34.1
202024.50.035.3-2.65.522.77.2-33.77.393.5
20210.3-28.8-12.18.0-2.0-13.718.08.8-17.9-31.6-0.1-2.0-59.5
2022-78.8-214.1-485.2-10.7-63.7-68.2-121.8-1.2-59.0-302.2-2.9-5.3-331.7
2023-0.1-34.1-6.9-15.4-35.7-18.3-4.9-16.8-15.4-55.6-2.8-28.9
2024-0.1-14.3-22.3-22.7-8.1-10.5-3.9-26.3-3.0-28.1-25.7-37.6
2025-19.2-29.2-22.0-53.8-8.6-41.0-36.5-13.9-2.7-5.0-14.4-1.5
2026-67.3-14.8-34.1-20.0-9.9-13.0-39.9-5.6-14.7-173.8

Statistics

Overview

Strategy began4/16/2007
Suggested Minimum Capital$100,000
Age236 months
What it tradesStocks
# Trades254
# Profitable150
% Profitable59.1%
Avg trade duration28.7 days
Max peak-to-valley drawdown100.0%
drawdown periodFeb 01, 2022 - Sept 12, 2026
Annual Return (Compounded)0.0%
Avg win$932
Avg loss$2,595

Ratios

W:L ratio0.11
Sharpe Ratio-0.34
Sortino Ratio-0.35
Calmar Ratio-0.85

CORRELATION STATISTICS

Correlation to SP500-0.13
Return Percent SP500 (cumu) during strategy life420.1%
Return of Strat Pcnt - Return of SP500 Pcnt (cumu)-667.4%

Return Statistics

Ann Return (w trading costs)0.0%
Return Pcnt (Compound or Annual, age-based, NFA compliant)0.0%
Return Pcnt Since TOS Status0.0%
Ann Return (Compnd, No Fees)0.0%

Slump

Current Slump as Pcnt Equity
Current Slump, time of slump as pcnt of strategy life0.9%

Instruments

Percent Trades Forex0.0%
Percent Trades Futures0.0%
Percent Trades Options0.0%
Percent Trades Stocks1.0%

Risk of Ruin (Monte-Carlo)

Chance of 10% account loss100.0%
Chance of 20% account loss100.0%
Chance of 30% account loss100.0%
Chance of 40% account loss100.0%
Chance of 50% account loss100.0%
Chance of 60% account loss (Monte Carlo)100.0%
Chance of 70% account loss (Monte Carlo)100.0%
Chance of 80% account loss (Monte Carlo)0.0%
Chance of 90% account loss (Monte Carlo)0.0%
Chance of 100% account loss (Monte Carlo)0.0%

Automation

Percentage Signals Automated0.0%

Popularity

Popularity (Today)0
Popularity (Last 6 weeks)0
Popularity (7 days, Percentile 1000 scale)0

Trading Style

Any stock shorts? 0/11

Trades-Own-System Certification

Trades Own System?0
TOS percent0.0%

Win / Loss

Avg Loss$2,595
Avg Win$932
# Winners150
Sum Trade PL (losers)$269,893
Sum Trade PL (winners)$139,767
Num Months Winners87
# Losers104
% Winners59.1%

Dividends

Dividends Received in Model Acct-109669

Age

Num Months filled monthly returns table179

Frequency

Avg Position Time (mins)41285.78
Avg Position Time (hrs)688.10
Avg Trade Length28.70
Last Trade Ago4861

Regression

Alpha0
Beta-0.52
Treynor Index0

Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.01
MAE:Equity, 95th Percentile Value for this strat0
MAE:Equity, average, losing trades0.01
MAE:Equity, losing trades only, 95th Percentile Value for this strat
MAE:Equity, average, winning trades0.01
MAE:Equity, win trades only, 95th Percentile Value for this strat
Avg(MAE) / Avg(PL) - All trades-3.36
MAE:PL (avg, all trades)0.84
MAE:PL (avg, losing trades)
MAE:PL - Losing Trades - this strat Percentile of All Strats72.34
MAE:PL - Winning Trades - this strat Percentile of All Strats83.03
MAE:PL (avg, winning trades)
MAE:PL - worst single value for strategy
Avg(MAE) / Avg(PL) - Winning trades0.66
Avg(MAE) / Avg(PL) - Losing trades-1.28
Hold-and-Hope Ratio-0.42

RATIO STATISTICS

Mean-0.15
SD0.69
Sharpe ratio (Glass type estimate)-0.22
Sharpe ratio (Hedges UMVUE)-0.22
df72
t-0.55
p0.71
Lowerbound of 95% confidence interval for Sharpe Ratio-1.02
Upperbound of 95% confidence interval for Sharpe Ratio0.57
Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation-1.02
Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.58
Sortino ratio-0.30
Upside Potential Ratio0.96
Upside part of mean0.49
Downside part of mean-0.64
Upside SD0.47
Downside SD0.51
N nonnegative terms39
N negative terms34
N of observations73
Mean of predictor0.33
Mean of criterion-0.15
SD of predictor0.39
SD of criterion0.69
Covariance-0.14
r-0.53
b (slope, estimate of beta)-0.96
a (intercept, estimate of alpha)0.16
Mean Square Error0.35
DF error71
t(b)-5.31
p(b)1
t(a)0.65
p(a)0.26
Lowerbound of 95% confidence interval for beta-1.32
Upperbound of 95% confidence interval for beta-0.60
Lowerbound of 95% confidence interval for alpha-0.33
Upperbound of 95% confidence interval for alpha0.65
Treynor index (mean / b)0.16
Jensen alpha (a)0.16
Mean-1.90
SD4.40
Sharpe ratio (Glass type estimate)-0.43
Sharpe ratio (Hedges UMVUE)-0.43
df72
t-1.06
p0.85
Lowerbound of 95% confidence interval for Sharpe Ratio-1.23
Upperbound of 95% confidence interval for Sharpe Ratio0.37
Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation-1.22
Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.37
Sortino ratio-0.43
Upside Potential Ratio0.10
Upside part of mean0.42
Downside part of mean-2.31
Upside SD0.34
Downside SD4.39
N nonnegative terms39
N negative terms34
N of observations73
Mean of predictor0.26
Mean of criterion-1.90
SD of predictor0.34
SD of criterion4.40
Covariance-0.99
r-0.66
b (slope, estimate of beta)-8.50
a (intercept, estimate of alpha)0.36
Mean Square Error11.14
DF error71
t(b)-7.37
p(b)1
t(a)0.26
p(a)0.40
Lowerbound of 95% confidence interval for beta-10.80
Upperbound of 95% confidence interval for beta-6.20
Lowerbound of 95% confidence interval for alpha-2.41
Upperbound of 95% confidence interval for alpha3.12
Treynor index (mean / b)0.22
Jensen alpha (a)0.36
VaR(95%)0.89
Expected Shortfall on VaR0.93
VaR(95%)0.12
Expected Shortfall on VaR0.25
Mean-0.20
SD0.66
Sharpe ratio (Glass type estimate)-0.31
Sharpe ratio (Hedges UMVUE)-0.31
df1593
t-0.76
p0.51
Lowerbound of 95% confidence interval for Sharpe Ratio-1.10
Upperbound of 95% confidence interval for Sharpe Ratio0.49
Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation-1.10
Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.49
Sortino ratio-0.37
Upside Potential Ratio4.26
Upside part of mean2.32
Downside part of mean-2.52
Upside SD0.38
Downside SD0.54
N nonnegative terms893
N negative terms701
N of observations1594
Mean of predictor0.43
Mean of criterion-0.20
SD of predictor0.59
SD of criterion0.66
Covariance-0.09
r-0.22
b (slope, estimate of beta)-0.25
a (intercept, estimate of alpha)-0.10
Mean Square Error0.42
DF error1592
t(b)-8.91
p(b)0.61
t(a)-0.37
p(a)0.50
Lowerbound of 95% confidence interval for beta-0.30
Upperbound of 95% confidence interval for beta-0.19
Lowerbound of 95% confidence interval for alpha-0.61
Upperbound of 95% confidence interval for alpha0.42
Treynor index (mean / b)0.83
Jensen alpha (a)-0.10
Mean-1.90
SD4.27
Sharpe ratio (Glass type estimate)-0.44
Sharpe ratio (Hedges UMVUE)-0.44
df1593
t-1.09
p0.52
Lowerbound of 95% confidence interval for Sharpe Ratio-1.24
Upperbound of 95% confidence interval for Sharpe Ratio0.35
Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation-1.24
Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.35
Sortino ratio-0.45
Upside Potential Ratio0.53
Upside part of mean2.25
Downside part of mean-4.15
Upside SD0.36
Downside SD4.26
N nonnegative terms893
N negative terms701
N of observations1594
Mean of predictor0.26
Mean of criterion-1.90
SD of predictor0.58
SD of criterion4.27
Covariance-0.05
r-0.02
b (slope, estimate of beta)-0.16
a (intercept, estimate of alpha)-1.85
Mean Square Error18.26
DF error1592
t(b)-0.85
p(b)0.51
t(a)-1.07
p(a)0.51
Lowerbound of 95% confidence interval for beta-0.52
Upperbound of 95% confidence interval for beta0.21
Lowerbound of 95% confidence interval for alpha-5.25
Upperbound of 95% confidence interval for alpha1.55
Treynor index (mean / b)12.09
Jensen alpha (a)-1.85
VaR(95%)0.36
Expected Shortfall on VaR0.42
VaR(95%)0.02
Expected Shortfall on VaR0.05
Mean-2.13
SD1.87
Sharpe ratio (Glass type estimate)-1.14
Sharpe ratio (Hedges UMVUE)-1.13
df130
t-0.81
p0.54
Lowerbound of 95% confidence interval for Sharpe Ratio-3.91
Upperbound of 95% confidence interval for Sharpe Ratio1.64
Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation-3.91
Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.64
Sortino ratio-1.31
Upside Potential Ratio4.08
Upside part of mean6.63
Downside part of mean-8.76
Upside SD0.91
Downside SD1.63
N nonnegative terms74
N negative terms57
N of observations131
Mean of predictor2.21
Mean of criterion-2.13
SD of predictor0.55
SD of criterion1.87
Covariance-0.11
r-0.11
b (slope, estimate of beta)-0.37
a (intercept, estimate of alpha)-1.31
Mean Square Error3.47
DF error129
t(b)-1.25
p(b)0.57
t(a)-0.48
p(a)0.53
Lowerbound of 95% confidence interval for beta-0.95
Upperbound of 95% confidence interval for beta0.21
Lowerbound of 95% confidence interval for alpha-6.68
Upperbound of 95% confidence interval for alpha4.06
Treynor index (mean / b)5.75
Jensen alpha (a)-1.31
Mean-21.78
SD14.84
Sharpe ratio (Glass type estimate)-1.47
Sharpe ratio (Hedges UMVUE)-1.46
df130
t-1.04
p0.55
Lowerbound of 95% confidence interval for Sharpe Ratio-4.24
Upperbound of 95% confidence interval for Sharpe Ratio1.31
Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation-4.24
Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.32
Sortino ratio-1.47
Upside Potential Ratio0.42
Upside part of mean6.26
Downside part of mean-28.04
Upside SD0.84
Downside SD14.82
N nonnegative terms74
N negative terms57
N of observations131
Mean of predictor2.05
Mean of criterion-21.78
SD of predictor0.55
SD of criterion14.84
Covariance0.41
r0.05
b (slope, estimate of beta)1.35
a (intercept, estimate of alpha)-24.54
Mean Square Error221.32
DF error129
t(b)0.57
p(b)0.47
t(a)-1.14
p(a)0.56
Lowerbound of 95% confidence interval for beta-3.31
VAR (95 Confidence Intrvl)0.36
Upperbound of 95% confidence interval for beta6.01
Lowerbound of 95% confidence interval for alpha-67.25
Upperbound of 95% confidence interval for alpha18.17
Treynor index (mean / b)-16.13
Jensen alpha (a)-24.54
VaR(95%)0.80
Expected Shortfall on VaR0.85
VaR(95%)0.07
Expected Shortfall on VaR0.15

ORDER STATISTICS

Number of observations73
Minimum0.00
Quartile 10.95
Median1.01
Quartile 31.03
Maximum2.04
Mean of quarter 10.81
Mean of quarter 20.99
Mean of quarter 31.01
Mean of quarter 41.15
Inter Quartile Range0.08
Number outliers low9
Percentage of outliers low0.12
Mean of outliers low0.67
Number of outliers high6
Percentage of outliers high0.08
Mean of outliers high1.34
Extreme Value Index (moments method)0.66
VaR(95%) (moments method)0.20
Expected Shortfall (moments method)0.63
Extreme Value Index (regression method)0.55
VaR(95%) (regression method)0.19
Expected Shortfall (regression method)0.48
Number of observations1594
Minimum0.00
Quartile 10.99
Median1
Quartile 31.01
Maximum1.30
Mean of quarter 10.96
Mean of quarter 21.00
Mean of quarter 31.00
Mean of quarter 41.03
Inter Quartile Range0.01
Number outliers low176
Percentage of outliers low0.11
Mean of outliers low0.94
Number of outliers high166
Percentage of outliers high0.10
Mean of outliers high1.06
Extreme Value Index (moments method)0.43
VaR(95%) (moments method)0.03
Expected Shortfall (moments method)0.06
Extreme Value Index (regression method)0
VaR(95%) (regression method)0
Expected Shortfall (regression method)0
Number of observations131
Minimum0.00
Quartile 10.96
Median1
Quartile 31.03
Maximum1.30
Mean of quarter 10.88
Mean of quarter 20.98
Mean of quarter 31.01
Mean of quarter 41.09
Inter Quartile Range0.08
Number outliers low3
Percentage of outliers low0.02
Mean of outliers low0.54
Number of outliers high2
Percentage of outliers high0.02
Mean of outliers high1.30
Extreme Value Index (moments method)0.46
VaR(95%) (moments method)0.12
Expected Shortfall (moments method)0.24
Extreme Value Index (regression method)0.51
VaR(95%) (regression method)0.10
Expected Shortfall (regression method)0.19

DRAW DOWN STATISTICS

Number of observations7
Minimum0.00
Quartile 10.00
Median0.03
Quartile 30.08
Maximum1.00
Mean of quarter 10.00
Mean of quarter 20.01
Mean of quarter 30.07
Mean of quarter 40.54
Inter Quartile Range0.08
Number outliers low0
Percentage of outliers low0
Mean of outliers low0
Number of outliers high1
Percentage of outliers high0.14
Mean of outliers high1.00
Extreme Value Index (moments method)0
VaR(95%) (moments method)0
Expected Shortfall (moments method)0
Extreme Value Index (regression method)0
VaR(95%) (regression method)0
Expected Shortfall (regression method)0
Number of observations46
Minimum0.00
Quartile 10.01
Median0.03
Quartile 30.06
Maximum1.00
Mean of quarter 10.00
Mean of quarter 20.02
Mean of quarter 30.04
Mean of quarter 40.16
Inter Quartile Range0.05
Number outliers low0
Percentage of outliers low0
Mean of outliers low0
Number of outliers high2
Percentage of outliers high0.04
Mean of outliers high0.58
Extreme Value Index (moments method)0.79
VaR(95%) (moments method)0.16
Expected Shortfall (moments method)0.69
Extreme Value Index (regression method)1.85
VaR(95%) (regression method)0.08
Expected Shortfall (regression method)0
Number of observations7
Minimum0.02
Quartile 10.07
Median0.26
Quartile 30.38
Maximum1.00
Mean of quarter 10.04
Mean of quarter 20.17
Mean of quarter 30.34
Mean of quarter 40.71
Inter Quartile Range0.31
Number outliers low0
Percentage of outliers low0
Mean of outliers low0
Number of outliers high1
Percentage of outliers high0.14
Mean of outliers high1.00
Extreme Value Index (moments method)0
VaR(95%) (moments method)0
Expected Shortfall (moments method)0
Extreme Value Index (regression method)0
VaR(95%) (regression method)0
Expected Shortfall (regression method)0
Strat Max DD how much worse than SP500 max DD during strat life?-403150912
Max Equity Drawdown (num days)1684
Last 4 Months - Pcnt Negative1.0%

COMBINED STATISTICS

Annualized return (arithmetic extrapolation)-0.16
Compounded annual return (geometric extrapolation)-0.85
Calmar ratio (compounded annual return / max draw down)-0.85
Compounded annual return / average of 25% largest draw downs-1.57
Compounded annual return / Expected Shortfall lognormal-0.91
j156mfCOMBRisPar0
j157mfCOMBRisPar0
Annualized return (arithmetic extrapolation)-0.16
Compounded annual return (geometric extrapolation)-0.85
Calmar ratio (compounded annual return / max draw down)-0.85
Compounded annual return / average of 25% largest draw downs-5.38
Compounded annual return / Expected Shortfall lognormal-2.02
j313dfCOMBRisPar0
j314dfCOMBRisPar0
Annualized return (arithmetic extrapolation)-2.00
Compounded annual return (geometric extrapolation)-1
Calmar ratio (compounded annual return / max draw down)-1.00
Compounded annual return / average of 25% largest draw downs-1.41
Compounded annual return / Expected Shortfall lognormal-1.17

Trading record

SymbolSideQtyOpenedClosedP/L
XOM long1500Sep 14, 2009Feb 23, 2011$24,889
XOM long800Sep 11, 2009Sep 11, 2009($21)
XOM long800Sep 11, 2009Sep 11, 2009($5)
CVX long1300May 18, 2009Aug 4, 2009$4,976
XOM short1300May 18, 2009Aug 4, 2009$450
CVX long1200Dec 16, 2008Mar 26, 2009($4,657)
XOM short1200Dec 16, 2008Mar 26, 2009$9,964
XOMPM short12Mar 19, 2009Mar 20, 2009$31
CVX long800Nov 14, 2008Dec 9, 2008$6,407
XOM short800Nov 14, 2008Dec 9, 2008($4,105)
CVX long600Oct 16, 2008Oct 30, 2008$7,589
XOM short600Oct 16, 2008Oct 30, 2008($4,849)
CVX long500Oct 15, 2008Oct 15, 2008($785)
XOM short500Oct 15, 2008Oct 15, 2008$1,450
CVX long500Oct 10, 2008Oct 10, 2008$890
XOM short500Oct 10, 2008Oct 10, 2008($110)
CVX long500Oct 9, 2008Oct 9, 2008($255)
XOM short500Oct 9, 2008Oct 9, 2008$1,270
CVX long600Oct 7, 2008Oct 8, 2008($195)
XOM short600Oct 7, 2008Oct 8, 2008$894
CVX short600Aug 12, 2008Oct 6, 2008$4,305
XOM long600Aug 12, 2008Oct 6, 2008($998)
CVX short1000May 1, 2008Jul 24, 2008$11,554
XOM long1000May 1, 2008Jul 24, 2008($8,394)
CVX short900Apr 29, 2008May 1, 2008($329)
XOM long900Apr 29, 2008May 1, 2008($2,573)
XOM long600Apr 23, 2008Apr 23, 2008$211
CVX short600Apr 23, 2008Apr 23, 2008($125)
XOM short600Apr 21, 2008Apr 21, 2008($293)
CVX long600Apr 21, 2008Apr 21, 2008$337

Past results are not necessarily indicative of future results.

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.