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Carborundum Universal Limited backtest

10 trend-following strategies were compared on the full daily history of Carborundum Universal Limited. 1 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 30.1%, MDD -44.6%).

Data 2002-07-01 ~ 2026-07-31daily bars 5,982 (24.1 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 32.9%, drawdown -60.6%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 12.3%, MDD -31.5%, Sharpe 0.65, 34% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 34.2%, MDD -51.1%, exposure 74%.

Return/drawdown alternative: Supertrend — CAGR is 20.7%p lower than buy and hold, while drawdown improves by 29.1%p (CAGR 30.1%, MDD -44.6%, exposure 67%).

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
ADX / DI 방향성
period=48, threshold=17
12.3%-31.5%0.650.3916.2x6934%
Donchian 채널 돌파
entryN=26, exitN=71
34.2%-51.1%0.520.671195.6x3174%
EMA 크로스오버
fast=23, slow=65
30.5%-54.5%0.480.56602.8x7562%
Supertrend
period=28, mult=4.9
30.1%-44.6%0.480.67565.6x3567%
SMA 크로스오버
fast=29, slow=103
30.1%-50.6%0.480.59561.3x5561%
볼린저 밴드 돌파
n=42, k=2.9
7.5%-32.6%0.480.235.7x7225%
ROC 모멘텀
n=95, threshold=-0.02
27.1%-59.3%0.450.46322.7x19166%
Keltner 채널 돌파
emaPeriod=74, atrPeriod=9, mult=1.6
23.7%-50.1%0.410.47167.9x9549%
MACD
fast=13, slow=53, signal=17
16.5%-54.4%0.340.3039.3x29450%
Parabolic SAR
step=0.005, maxStep=0.3
16.2%-61.7%0.340.2637.1x19458%
Buy and hold32.9%-60.6%0.520.54944.3x1100%
1x 10x 100x 1,000x 2003 2006 2009 2012 2015 2018 2021 2024 Donchian 채널 돌파ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -15% -30% -45% -61% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -31.5% (2018-01-04 → 2020-12-08), recovered after 1,141 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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

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