Trend-Following Backtester · Guide · backtest 한국어

equity · DE

Beiersdorf AG backtest

10 trend-following strategies were compared on the full daily history of Beiersdorf AG. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 4.1%, MDD -37.9%).

Data 1998-07-22 ~ 2026-07-31daily bars 7,170 (28.0 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 4.9%, drawdown -54.3%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 4.7%, MDD -51.8%, Sharpe 0.30, 94% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 0.2%p lower than buy and hold, while drawdown improves by 2.5%p (CAGR 4.1%, MDD -37.9%, exposure 63%).

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=44, threshold=-0.12
4.7%-51.8%0.300.093.6x8394%
EMA 크로스오버
fast=70, slow=228
4.1%-37.9%0.290.113.0x2863%
SMA 크로스오버
fast=39, slow=262
3.6%-38.6%0.270.092.7x4059%
Donchian 채널 돌파
entryN=66, exitN=75
0.6%-57.0%0.130.011.2x5357%
Supertrend
period=26, mult=4.9
-0.3%-53.3%0.10-0.000.9x8159%
ADX / DI 방향성
period=29, threshold=33
0.3%-16.7%0.080.021.1x121%
Keltner 채널 돌파
emaPeriod=60, atrPeriod=24, mult=3.4
-0.6%-55.2%0.02-0.010.8x6825%
볼린저 밴드 돌파
n=14, k=3.2
-0.1%-13.0%-0.02-0.011.0x101%
MACD
fast=31, slow=39, signal=17
-3.8%-79.3%-0.10-0.050.3x26751%
Parabolic SAR
step=0.015, maxStep=0.28
-6.8%-89.4%-0.25-0.080.1x50351%
Buy and hold4.9%-54.3%0.310.093.8x1100%
1x 1999 2003 2007 2011 2015 2019 2023 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -27% -41% -54% 1999 2003 2007 2011 2015 2019 2023 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -51.8% (2024-05-10 → 2026-06-03), 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 setupAll asset reports

Read next