Trend-Following Backtester · Guide · backtest 한국어

equity · US

Coca-Cola Company (The) backtest

10 trend-following strategies were compared on the full daily history of Coca-Cola Company (The). 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 1970-01-02 ~ 2026-07-31daily bars 14,266 (56.6 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.5%, drawdown -69.1%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 8.2%, MDD -72.4%, Sharpe 0.47, 99% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
Hold-like · Exposure 99%
n=5, threshold=-0.09
8.2%-72.4%0.470.1187.1x8599%
Donchian 채널 돌파
entryN=28, exitN=75
5.8%-57.6%0.400.1024.9x11579%
SMA 크로스오버
fast=55, slow=135
5.5%-65.9%0.390.0820.5x10363%
EMA 크로스오버
fast=43, slow=217
5.2%-65.2%0.370.0817.4x7768%
ADX / DI 방향성
period=38, threshold=24
0.6%-17.2%0.140.041.4x425%
Supertrend
period=25, mult=5
0.8%-70.4%0.130.011.6x19760%
Keltner 채널 돌파
emaPeriod=70, atrPeriod=17, mult=2.4
0.8%-67.5%0.130.011.6x26743%
Parabolic SAR
step=0.01, maxStep=0.02
-0.3%-80.6%0.06-0.000.8x36560%
볼린저 밴드 돌파
n=58, k=2.3
-0.3%-59.5%0.03-0.010.8x20532%
MACD
fast=16, slow=45, signal=16
-4.0%-93.1%-0.18-0.040.1x73551%
Buy and hold8.5%-69.1%0.470.12101.7x1100%
1x 10x 100x 1971 1978 1985 1992 1999 2006 2013 2020 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -54% -72% 1971 1978 1985 1992 1999 2006 2013 2020 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -72.4% (1998-07-14 → 2009-03-05), recovered after 8,576 days.

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 carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

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