{
 "generated": "2026-08-03 14:26 UTC",
 "period": [
  "2015-08-02",
  "2026-08-03"
 ],
 "cadence": {
  "daily": {
   "sharpe": 1.109,
   "cagr_pct": 9.2,
   "vol_pct": 8.2,
   "max_drawdown_pct": 14.1,
   "t_stat": 3.71,
   "annual_turnover_x": 24.6
  },
  "weekly": {
   "sharpe": 1.088,
   "cagr_pct": 9.07,
   "vol_pct": 8.3,
   "max_drawdown_pct": 15.1,
   "t_stat": 3.64,
   "annual_turnover_x": 15.1
  },
  "fortnightly": {
   "sharpe": 1.088,
   "cagr_pct": 9.14,
   "vol_pct": 8.4,
   "max_drawdown_pct": 15.8,
   "t_stat": 3.64,
   "annual_turnover_x": 12.3
  },
  "monthly": {
   "sharpe": 1.093,
   "cagr_pct": 9.46,
   "vol_pct": 8.6,
   "max_drawdown_pct": 16.7,
   "t_stat": 3.66,
   "annual_turnover_x": 9.6
  }
 },
 "band": {
  "0%": {
   "sharpe": 1.088,
   "cagr_pct": 9.07,
   "vol_pct": 8.3,
   "max_drawdown_pct": 15.1,
   "t_stat": 3.64,
   "annual_turnover_x": 15.1
  },
  "10%": {
   "sharpe": 1.083,
   "cagr_pct": 8.89,
   "vol_pct": 8.2,
   "max_drawdown_pct": 15.0,
   "t_stat": 3.63,
   "annual_turnover_x": 10.0
  },
  "20%": {
   "sharpe": 1.105,
   "cagr_pct": 8.99,
   "vol_pct": 8.1,
   "max_drawdown_pct": 15.1,
   "t_stat": 3.7,
   "annual_turnover_x": 7.1
  },
  "35%": {
   "sharpe": 1.109,
   "cagr_pct": 9.25,
   "vol_pct": 8.3,
   "max_drawdown_pct": 16.5,
   "t_stat": 3.71,
   "annual_turnover_x": 5.1
  }
 },
 "simplified": {
  "all 21": {
   "sharpe": 1.105,
   "cagr_pct": 8.99,
   "vol_pct": 8.1,
   "max_drawdown_pct": 15.1,
   "t_stat": 3.7,
   "legs": 21
  },
  "10 legs": {
   "sharpe": 0.963,
   "cagr_pct": 9.32,
   "vol_pct": 9.7,
   "max_drawdown_pct": 19.4,
   "t_stat": 3.22,
   "legs": 10
  },
  "6 legs": {
   "sharpe": 0.887,
   "cagr_pct": 8.43,
   "vol_pct": 9.7,
   "max_drawdown_pct": 24.2,
   "t_stat": 2.97,
   "legs": 6
  }
 },
 "vol_target": {
  "10%": {
   "sharpe": 1.058,
   "cagr_pct": 4.85,
   "vol_pct": 4.6,
   "max_drawdown_pct": 8.6,
   "t_stat": 3.54
  },
  "15%": {
   "sharpe": 1.086,
   "cagr_pct": 7.12,
   "vol_pct": 6.5,
   "max_drawdown_pct": 12.2,
   "t_stat": 3.63
  },
  "20%": {
   "sharpe": 1.105,
   "cagr_pct": 8.99,
   "vol_pct": 8.1,
   "max_drawdown_pct": 15.1,
   "t_stat": 3.7
  },
  "30%": {
   "sharpe": 1.111,
   "cagr_pct": 11.91,
   "vol_pct": 10.6,
   "max_drawdown_pct": 20.3,
   "t_stat": 3.72
  }
 },
 "recommendation": {
  "cadence": "weekly",
  "band_pct": 20,
  "sharpe_cost_vs_daily": 0.004,
  "turnover_saving_x": 17.5,
  "note": "Weekly rebalancing with a 20% drift band is the practical setting: Sharpe 1.105 against 1.109 for daily, at 7.1x annual turnover instead of 24.6x."
 }
}