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Finaxion Research · Wyckoff: buying the accumulation · single stocks · Recomputed 2026-09-10

Does Wyckoff: buying the accumulation work on ALLE?

Wyckoff: buying the accumulation beats buy-and-hold on ALLE by +0.8 points a year over 13 years.

Total return
301.9%
Buy and hold
265.9%
CAGR
11.5%
Sharpe
0.49
Max drawdown
-24.4%
Trades
72
Out of sample
—
Years
13
1×2.5×2014201520162017201820192020202120222023202420252026
StrategyALLE

Findings

  1. Wyckoff: buying the accumulation beats buy-and-hold on ALLE by +0.8 points a year over 13 years.
  2. Against the S&P 500 over the same window: -2.4 points a year.
  3. Total return +301.9% versus +265.9% for buy-and-hold, with 72 trades.
  4. Maximum drawdown -24.4%.
  5. It beat before 2020 and stopped afterwards.
  6. It ranks #53 of 227 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 11e887f77aa5.

Exactly what was tested

Mechanical approximation: 20-bar range with an 8-bar test window; active accumulation state → long; state lost → flat.

How to read it

The verdict compares the strategy with buying and holding ALLE 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 ALLE → · Full page for Wyckoff: buying the accumulation →

How to cite

Finaxion Research (2026). Does Wyckoff: buying the accumulation work on ALLE?. Daily backtest 1962-01-01–2026-08-31, artifact 11e887f77aa5. https://finaxion.app/en/research/wyckoff-accumulation/alle

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