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How to Measure the Individual Trade Quality of Your Strategy

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You are probably familiar with the Sharpe Ratio, developed by Nobel laureate William F. Sharpe to measure risk-adjusted performance for a portfolio. Portfolios with higher Sharpe Ratios deliver better risk-adjusted returns, when risk is measured by the volatility of returns from the portfolio over time. When we backtest portfolio strategies, we include the Sharpe Ratio [...]

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