Follow the trend
@ Gavin Heale Could you explain a little about why need to set the benchmark to be AAPL? Really thanks.
Xin,
If you set the benchmark as SPY, even buy and hold strategy on AAPL is going to give you almost same or better results. Hence I guess its good practice to set the benchmark as stock itself to test if the strategy really works.
Thanks, Is this because the performance of AAPL is better than the SPY during the tested period? And once set the benchmark as AAPL, it turns out that this strategy gives the same result as the buy and hold strategy.
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