Hello All,
I'm new to Quantopian and still learning. I was looking for any guideline how to use/ analyze the back test result of a cloned algorithm. Also, what is algorithm performance in blue and benchmark performance marked in red? Any help highly appreciated.
Anin
The algorithm vs benchmark performance charts show what would have happened over time. If you had taken your initial capital (which is a customizable setting) and invested it in the market - how would you have done? The red line is the benchmark (S&P500 by default, but this is also customizable). The blue line is how your algorithm would have performed over the same time period. You can compare if your algo would have been above/below the market by running a few backtests.
To begin learning the Quantopian API, I would recommend to try the tutorial series. It'll walk you through the basics and show how to use the built-in functions. Good luck!
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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.
In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.
