Historical Research Methodology

01 / DATA SCOPE

Use completed historical observations and state the window

Public reports use reviewed historical observations through the latest completed date stated on the page. A next-trading-day calculation is derived mechanically from those completed inputs and the researched strategy rules; it is not a future observation or a forecast. Reports do not include future data, private model state, intraday instructions, or unpublished research parameters.

Raw data processing and strategy calculation remain on the private research server. Only sanitized profile, research, and historical-series contracts are published to the web application through server-side access controls.

State the first and last observation date
Use one consistent adjustment rule within a comparison
Align calendars before comparing two traded assets
Reject unknown fields from public browser contracts

02 / RETURN

Normalize before comparing and separate period return from annualization

When two series are compared, each begins from the same normalized value on the same date. Cumulative return describes the change between the first and last normalized values. Annualized return converts that change into a compounded yearly rate based on elapsed time.

Annualized return is not an average calendar-year return and does not describe the path taken between the endpoints.

annualized return = (ending value ÷ starting value)^(1 ÷ elapsed years) − 1

03 / DRAWDOWN

Measure loss from the running peak and recovery to the same high-water mark

Drawdown compares each value with the highest value observed up to that date. Maximum drawdown is the most negative observation in the selected window.

A completed recovery occurs on the first later observation that reaches or exceeds the prior peak. Recovery duration is reported in calendar days unless a report explicitly says otherwise.

drawdown(t) = value(t) ÷ running peak(t) − 1

04 / BENCHMARK

Use a benchmark to explain context, not to manufacture a win

The benchmark should match the research question and use aligned dates. A comparison discloses material differences such as leverage, daily reset, fees, available history, and implementation assumptions.

Changing the benchmark or time window can change the conclusion. Reports therefore show the selected benchmark and source-update date rather than presenting a ranking as universal.

05 / REVIEW AND REVISION

Check the data contract, narrative, and limitations before publication

MoreMoneyQuant uses an organizational research byline and a documented review checklist. A material correction updates the modified date and should be described in the report revision note when the underlying result or interpretation changes.

Confirm dates, units, benchmark, and normalized starting value
Check for future-data leakage and private-field exposure
Recalculate headline return and drawdown values
Ensure the prose matches visible evidence and cites primary sources
State limitations and avoid personalized recommendations

06 / LIMITATIONS

Historical evidence remains conditional

Adjusted closes, simplified execution, sample selection, survivorship, regime change, taxes, fees, liquidity, and investor cash flows can all separate a published simulation from a real account.

No historical return, drawdown, or recovery estimate guarantees a future outcome. MoreMoneyQuant publishes research for education and does not provide personalized investment advice.

Questions and corrections

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