The Factor Report

Returns are direction-adjusted price returns using the leaderboard’s execution logic: entries and explicit exits at the next trading day’s open, open takes at the latest completed close. Bearish returns invert with price. Not adjusted for dividends, fees, or short-borrow costs. Dates are when Drip first tracked the take, not the analyst’s own entry. Price data by CoinGecko.

Across 1 measurable closed takes: average -2.1%, following every one of them equal weight -30.2%, versus -0.3% for SPY over the same windows (-1.8%).