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Jubilant Foodworks Limited backtest

10 trend-following strategies were compared on the full daily history of Jubilant Foodworks Limited. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 15.7%, MDD -39.8%).

Data 2010-02-08 ~ 2026-07-31daily bars 4,071 (16.5 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 19.2%, drawdown -59.5%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 13.2%, MDD -40.1%, Sharpe 0.66, 39% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 15.7%, MDD -39.8%, exposure 61%.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 6.1%p lower than buy and hold, while drawdown improves by 19.4%p (CAGR 15.7%, MDD -39.8%, exposure 61%).

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
볼린저 밴드 돌파
n=51, k=1.8
13.2%-40.1%0.660.337.7x6439%
EMA 크로스오버
fast=53, slow=109
15.7%-39.8%0.640.3911.0x2461%
Supertrend
period=17, mult=5
14.9%-51.7%0.630.299.8x3859%
Donchian 채널 돌파
entryN=13, exitN=24
15.2%-47.1%0.620.3210.3x8666%
SMA 크로스오버
fast=13, slow=65
13.0%-55.1%0.590.247.5x6656%
ROC 모멘텀
n=83, threshold=-0.04
12.3%-46.1%0.550.276.7x15564%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=17, mult=2.3
9.0%-60.0%0.510.154.1x6638%
MACD
fast=16, slow=49, signal=19
10.0%-48.5%0.510.214.8x15749%
ADX / DI 방향성
period=25, threshold=11
7.9%-48.5%0.420.163.5x18252%
Parabolic SAR
step=0.015, maxStep=0.18
3.7%-59.1%0.270.061.8x29153%
Buy and hold19.2%-59.5%0.660.3218.1x1100%
1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 EMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -15% -30% -45% -59% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdEMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -40.1% (2012-04-02 → 2017-02-03), recovered after 2,047 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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