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

Does Ichimoku: buy above the cloud work on KEYS?

Ichimoku: buy above the cloud does not beat buy-and-hold on KEYS: -20.1 points a year over 12 years.

Total return
36.9%
Buy and hold
×11
CAGR
2.7%
Sharpe
0.05
Max drawdown
-56.7%
Trades
176
Out of sample
—
Years
12
1×6.7×12.7×201520162017201820192020202120222023202420252026
StrategyKEYS

Findings

  1. Ichimoku: buy above the cloud does not beat buy-and-hold on KEYS: -20.1 points a year over 12 years.
  2. Against the S&P 500 over the same window: -11.7 points a year.
  3. Total return +36.9% versus ×11 for buy-and-hold, with 176 trades.
  4. Maximum drawdown -56.7%.
  5. It beats in neither half of the history (split at 2020).
  6. It ranks #207 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 KEYS 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 KEYS → · Full page for Ichimoku: buy above the cloud →

How to cite

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

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