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Finaxion Research · JBL

Which strategy works on JBL?

On JBL, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.

Findings

On JBL, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is the golden cross (50/200): -6.2 points a year over buying and holding JBL. The worst is Upper Bollinger band breakout: -21.2 points a year against buy-and-hold.

  1. On JBL, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
  2. The best is the golden cross (50/200): -6.2 points a year over buying and holding JBL.
  3. The worst is Upper Bollinger band breakout: -21.2 points a year against buy-and-hold.

The 20 strategies, one by one

StrategyReturnBuy and holdExcess (pts/yr)Vs. S&P 500 (pts/yr)Out of sampleTrades
The golden cross (50/200)×70×413-6.2%+2.7%overfit43
ADX: trade only in strong trends×49×413-7.4%+1.5%partly1016
Ichimoku: buy above the cloud×32×413-8.9%+0.0%partly432
Only invest above the 200-day average×23×413-9.9%-1.0%overfit295
Parabolic SAR: follow the dots×15×413-11.3%-2.4%overfit736
Supertrend: the line that changes colour×14×413-11.6%-2.7%overfit65
Kaufman’s adaptive moving average (KAMA)×13×413-11.9%-3.0%partly1210
The MACD cross (12/26/9)902.6%×413-12.6%-3.7%partly684
RSI 14: buy oversold (30/70)792.0%×413-13.0%-4.1%partly66
Wyckoff: buying the accumulation699.8%×413-13.4%-4.5%overfit187
Heikin Ashi: follow the coloured candles576.6%×413-13.9%-5.0%overfit2161
The Turtles: 55-day breakout527.6%×413-14.1%-5.2%partly152
Stochastic: oversold cross (14, 3)459.7%×413-14.5%-5.6%overfit471
“Sell in May and go away”437.1%×413-14.6%-5.7%overfit66
2-day RSI (the Connors rule)321.2%×413-15.4%-6.5%overfit773
ICT / Smart Money: the order block9.5%×413-19.5%-10.6%6
Smart Money: the liquidity sweep0.5%×413-19.8%-10.9%overfit96
ICT / Smart Money: the fair value gap-28.2%×413-20.8%-11.9%overfit276
Bounce off the lower Bollinger band-30.4%×413-20.9%-12.0%overfit250
Upper Bollinger band breakout-37.6%×413-21.2%-12.3%overfit538

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