Knowledge Base

Apr 24, 2026 4 min read Risk Measurement

Volatility in Backtesting: What It Really Tells You

Volatility is more than price noise. Learn how to interpret it in backtests and combine it with drawdown and Sharpe for better strategy decisions.

Volatility Backtesting Risk +2 more

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Apr 14, 2026 3 min read Performance Measurement

CAGR in Backtesting: Compare Returns Fairly

CAGR tells you annualized growth in a comparable way. Learn why it is essential for backtests and where it can mislead if used alone.

CAGR Backtesting Return +2 more

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Jan 29, 2026 5 min read Performance Measurement

Time Weighted Rate of Return: Measuring True Performance

Time Weighted Rate of Return (TWRR) eliminates the influence of cash flows on performance measurement. We explain why this metric is indispensable for fund managers and investors – with interactive calculation example.

TWRR Performance Return +4 more

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Nov 11, 2025 3 min read Portfolio Theory

The Risk-Return Diagram: The Most Important Chart in Finance

There's no 'Free Lunch' in the stock market. We explain the famous risk-return diagram, the efficient frontier, and why volatility is the price you pay for returns – now with interactive ECharts visualization.

Risk Return Volatility +4 more

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