It has been cloned, just touched some constant. Is it a good return? I don't understand the comparison Benchmark value.
It has been cloned, just touched some constant. Is it a good return? I don't understand the comparison Benchmark value.
Your algorithm performs fine (though not extraordinarily well). The comparison benchmark is for SPY, which is Standard & Poor's index of the Top 500 companies in the USA. We can think of SPY as representing the market as a whole. The point is that instead of investing in your algorithm, you could also just invest in SPY, and bet on the market as a whole. The blue-vs-red comparison shows your algorithm performs relative to the market: your goal is for your algorithm to outperform the market.