FINAXIONResearch
Finaxion Research · Ichimoku: buy above the cloud · single stocks · Recomputed 2026-09-10

Does Ichimoku: buy above the cloud work on AXON?

Ichimoku: buy above the cloud beats buy-and-hold on AXON by +0.1 points a year over 25 years.

Total return
×1 232
Buy and hold
×1 232
CAGR
32.7%
Sharpe
0.80
Max drawdown
-62.1%
Trades
257
Out of sample
partly
Years
25
1×10×100×1000×2002200420062008201020122014201620182020202220242026
StrategyAXON

Findings

  1. Ichimoku: buy above the cloud beats buy-and-hold on AXON by +0.1 points a year over 25 years.
  2. Against the S&P 500 over the same window: +23.2 points a year.
  3. Total return ×1 232 versus ×1 232 for buy-and-hold, with 257 trades.
  4. The result holds only partly out of sample.
  5. Maximum drawdown -62.1%.
  6. It beat before 2014 and stopped afterwards.
  7. It ranks #2 of 235 markets for this strategy by annual excess over the S&P 500.

Findings derived from the full panel. Each carries its number and its denominator; the computations are reproducible with artifact 3da70cf34031.

Exactly what was tested

Long while the close is above both cloud spans (Senkou A and B; 9/26/52); exit when the close drops below either.

How to read it

The verdict compares the strategy with buying and holding AXON over the same window, with round-trip costs per asset class. “Out of sample” is walk-forward: the rule is fit on one stretch and judged on the next. A result that beats in the full sample but not out of it is overfit. Full methodology in the protocol. How we test.

Open this backtest with its trades   Trades (CSV)

Every strategy on AXON → · Full page for Ichimoku: buy above the cloud →

How to cite

Finaxion Research (2026). Does Ichimoku: buy above the cloud work on AXON?. Daily backtest 1962-01-01–2026-08-31, artifact 3da70cf34031. https://finaxion.app/en/research/ichimoku-cloud/axon

Not a recommendation. Past performance does not guarantee future results.