Tearsheets are a great way to evaluate an algo.
You've got a good structure on this algorithm. It's holding a constant leverage (which is good), it's carefully avoiding exposure to a single stock, things like that.
Unfortunately, the basic thesis doesn't look like it holds up. Take a look at our lectures, in particular the ones about long-short equity and factor analysis, and see if that sparks some ideas for you to find a different thesis to test.
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