Hi! I'm relatively new to the platform, and I've been playing around with alphalens. I finally found an alpha signal that I'd like to pursue, and based on the graphs, my cumulative long/short return for a 1D period looks promising.
Does this mean that I should just rebalance every day? I tried doing that and received worse results than the graph.
Basically my question is, how does alphalens compute the 1D returns? I'm basically just trying to mimic these returns that I see on the graph in my backtest.