Introducing the PNP Index – A New Financial Metric! 📊
I recently completed research on a new financial metric called the PNP Index (Positive-Negative Probability Index). Unlike traditional measures like the Sharpe ratio, this metric offers a more balanced way to evaluate returns and volatility, making it ideal for quantitative trading strategies.
🔹 Why is the PNP Index better?
✅ It uses logarithmic returns for accurate backtesting.
✅ It balances positive vs. negative fluctuations instead of just standard deviation.
✅ It enhances algorithmic trading and AI-based forecasting models.
📄 Read the full research paper on SSRN:
🔗 The PNP Index – A New Metric for Evaluating Financial Performance
papers.ssrn.com/sol3/papers.cfm?abstract_id=5120834
💬 What do you think? Could this metric help improve trading strategies?
I recently completed research on a new financial metric called the PNP Index (Positive-Negative Probability Index). Unlike traditional measures like the Sharpe ratio, this metric offers a more balanced way to evaluate returns and volatility, making it ideal for quantitative trading strategies.
🔹 Why is the PNP Index better?
✅ It uses logarithmic returns for accurate backtesting.
✅ It balances positive vs. negative fluctuations instead of just standard deviation.
✅ It enhances algorithmic trading and AI-based forecasting models.
📄 Read the full research paper on SSRN:
🔗 The PNP Index – A New Metric for Evaluating Financial Performance
papers.ssrn.com/sol3/papers.cfm?abstract_id=5120834
💬 What do you think? Could this metric help improve trading strategies?
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