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Finaxion Research · Supertrend: the line that changes colour · single stocks · Recomputed 2026-09-10

Does Supertrend: the line that changes colour work on Cartera con balance: Dow 30 (máx. 10 posiciones)?

Supertrend: the line that changes colour does not beat buy-and-hold on Cartera con balance: Dow 30 (máx. 10 posiciones): -1.2 points a year over 34 years.

Total return
×22
Buy and hold
×32
CAGR
9.6%
Sharpe
0.32
Max drawdown
-76.4%
Trades
187
Out of sample
—
Years
34
1×10×19941997200020032006200920122015201820212024
StrategyCartera con balance: Dow 30 (máx. 10 posiciones)

Findings

  1. Supertrend: the line that changes colour does not beat buy-and-hold on Cartera con balance: Dow 30 (máx. 10 posiciones): -1.2 points a year over 34 years.
  2. Against the S&P 500 over the same window: -1.2 points a year.
  3. Total return ×22 versus ×32 for buy-and-hold, with 187 trades.
  4. Maximum drawdown -76.4%.
  5. It beat before 2009 and stopped afterwards.
  6. It ranks #73 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 e097c9613211.

Exactly what was tested

Entry when the close exceeds the upper band (ATR 10, multiplier 3); exit when the close drops below the lower band. The classic Supertrend definition.

How to read it

The verdict compares the strategy with buying and holding Cartera con balance: Dow 30 (máx. 10 posiciones) 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 Cartera con balance: Dow 30 (máx. 10 posiciones) → · Full page for Supertrend: the line that changes colour →

How to cite

Finaxion Research (2026). Does Supertrend: the line that changes colour work on Cartera con balance: Dow 30 (máx. 10 posiciones)?. Daily backtest 1962-01-01–2026-08-31, artifact e097c9613211. https://finaxion.app/en/research/supertrend/portfolio-dow

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