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Finaxion Research · Kaufman’s adaptive moving average (KAMA) · single stocks · Recomputed 2026-09-10

Does Kaufman’s adaptive moving average (KAMA) work on DELL?

Kaufman’s adaptive moving average (KAMA) does not beat buy-and-hold on DELL: -18.3 points a year over 10 years.

Total return
970.2%
Buy and hold
×42
CAGR
26.7%
Sharpe
0.73
Max drawdown
-44.9%
Trades
331
Out of sample
—
Years
10
1×10×2017201820192020202120222023202420252026
StrategyDELL

Findings

  1. Kaufman’s adaptive moving average (KAMA) does not beat buy-and-hold on DELL: -18.3 points a year over 10 years.
  2. Against the S&P 500 over the same window: +11.6 points a year.
  3. Total return +970.2% versus ×42 for buy-and-hold, with 331 trades.
  4. Maximum drawdown -44.9%.
  5. It beats in neither half of the history (split at 2021).
  6. It ranks #4 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 6540eaf5c46b.

Exactly what was tested

Close crosses above KAMA(10, 2, 30) → entry; close crosses below → exit.

How to read it

The verdict compares the strategy with buying and holding DELL 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 DELL → · Full page for Kaufman’s adaptive moving average (KAMA) →

How to cite

Finaxion Research (2026). Does Kaufman’s adaptive moving average (KAMA) work on DELL?. Daily backtest 1962-01-01–2026-08-31, artifact 6540eaf5c46b. https://finaxion.app/en/research/kama-adaptive-average/dell

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