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First algorithm by MPL

It has been cloned, just touched some constant. Is it a good return? I don't understand the comparison Benchmark value.

Clone Algorithm
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Backtest from to with initial capital
Total Returns
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Alpha
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Beta
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Sharpe
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Sortino
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Max Drawdown
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Benchmark Returns
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Volatility
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Returns 1 Month 3 Month 6 Month 12 Month
Alpha 1 Month 3 Month 6 Month 12 Month
Beta 1 Month 3 Month 6 Month 12 Month
Sharpe 1 Month 3 Month 6 Month 12 Month
Sortino 1 Month 3 Month 6 Month 12 Month
Volatility 1 Month 3 Month 6 Month 12 Month
Max Drawdown 1 Month 3 Month 6 Month 12 Month
# Backtest ID: 55d86f5a7e81f60d988e9c25
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1 response

Your algorithm performs fine (though not extraordinarily well). The comparison benchmark is for SPY, which is Standard & Poor's index of the Top 500 companies in the USA. We can think of SPY as representing the market as a whole. The point is that instead of investing in your algorithm, you could also just invest in SPY, and bet on the market as a whole. The blue-vs-red comparison shows your algorithm performs relative to the market: your goal is for your algorithm to outperform the market.