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Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Yihai Kerry Arawana Holdings Co. Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Yihai Kerry Arawana Holdings Co. Ltd. Class A. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 5.3%, MDD -22.5%).

Data 2020-10-15 ~ 2026-07-31daily bars 1,407 (5.8 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -11.9%, drawdown -84.0%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 10.1%, MDD -23.7%, Sharpe 0.55, 9% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 22.1%p higher than buy and hold, while drawdown improves by 60.3%p (CAGR 5.3%, MDD -22.5%, exposure 4%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
ROC 모멘텀
n=22, threshold=0.1
10.1%-23.7%0.550.431.7x299%
Donchian 채널 돌파
entryN=49, exitN=1
6.2%-22.8%0.450.271.4x204%
ADX / DI 방향성
period=20, threshold=39
5.5%-24.7%0.440.221.4x22%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=14, mult=2.9
5.3%-22.5%0.380.241.4x64%
볼린저 밴드 돌파
n=17, k=1.5
4.8%-40.9%0.310.121.3x6125%
Supertrend
period=9, mult=4.6
4.3%-60.7%0.290.071.3x1632%
EMA 크로스오버
fast=6, slow=31
-2.9%-63.3%0.02-0.050.8x4733%
Parabolic SAR
step=0.005, maxStep=0.32
-3.2%-69.0%0.01-0.050.8x4536%
MACD
fast=15, slow=27, signal=17
-7.5%-70.9%-0.15-0.110.6x6150%
SMA 크로스오버
fast=33, slow=161
-4.7%-26.4%-0.42-0.180.8x616%
Buy and hold-11.9%-84.0%-0.15-0.140.5x1100%
1x 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -63% -84% 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -23.7% (2024-10-08 → 2025-09-15), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupMore CN assetsAll asset reports

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