APP Applovin Corp - Class A
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for APP (Applovin Corp - Class A) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -50.2% (compared to the benchmark's drawdown of -57.0%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 154.6%, compared to a Buy-and-Hold benchmark return of 197.3%. The strategy executed 40 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
APP Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 20.20% | 59.61% | 72.64% | 54.97% | 154.63% | 197.31% |
| Sharpe Ratio | 0.39 | 0.65 | 1.26 | 0.58 | 1.65 | 1.47 |
| Max Drawdown | -50.22% | -49.99% | -50.22% | -91.90% | -50.22% | -57.00% |
| % Time Invested | 67.5% | 100.0% | 46.0% | 100.0% | 78.8% | 100.0% |
| Trades / Year | 17.0 | 0.0 | 8.0 | 0.0 | 13.7 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-04-14 | Open | Open | 33.33% | $428.55 | $613.09 | 43.06% | Mark-to-Market |
| 2026-04-07 | Open | Open | 33.33% | $407.37 | $613.09 | 50.50% | Mark-to-Market |
| 2026-05-04 | Open | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.35% | Mark-to-Market |
| 2026-04-24 | 2026-05-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.09% | Interest Income |
| 2026-04-21 | 2026-04-24 | Completed | 33.33% | $489.50 | $455.00 | -7.05% | Stop |
| 2026-03-18 | 2026-04-21 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income |
| 2026-03-20 | 2026-04-14 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income |
| 2026-03-13 | 2026-04-07 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.25% | Interest Income |
| 2026-02-27 | 2026-03-20 | Completed | 33.33% | $431.79 | $432.49 | 0.16% | Stop |
| 2026-02-27 | 2026-03-18 | Completed | 33.33% | $431.79 | $453.61 | 5.05% | Signal |
| 2026-02-25 | 2026-03-13 | Completed | 33.33% | $393.81 | $450.80 | 14.47% | Stop |
| 2026-02-04 | 2026-02-27 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2026-02-04 | 2026-02-27 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2026-02-02 | 2026-02-25 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2026-01-30 | 2026-02-04 | Completed | 33.33% | $559.79 | $402.00 | -28.19% | Stop |
| 2026-01-30 | 2026-02-04 | Completed | 33.33% | $559.79 | $402.00 | -28.19% | Stop |
| 2026-01-28 | 2026-02-02 | Completed | 33.33% | $546.79 | $502.55 | -8.09% | Stop |
| 2026-01-07 | 2026-01-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2026-01-07 | 2026-01-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2026-01-05 | 2026-01-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.31% | Interest Income |
| 2025-12-10 | 2026-01-07 | Completed | 33.33% | $717.16 | $618.00 | -13.83% | Stop |
| 2025-12-10 | 2026-01-07 | Completed | 33.33% | $717.16 | $618.00 | -13.83% | Stop |
| 2025-12-09 | 2026-01-05 | Completed | 33.33% | $689.59 | $617.70 | -10.42% | Stop |
| 2025-11-17 | 2025-12-10 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-11-17 | 2025-12-10 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-11-14 | 2025-12-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2025-10-29 | 2025-11-17 | Completed | 33.33% | $627.41 | $554.45 | -11.63% | Stop |
| 2025-10-29 | 2025-11-17 | Completed | 33.33% | $627.41 | $554.45 | -11.63% | Stop |
| 2025-10-29 | 2025-11-14 | Completed | 33.33% | $627.41 | $534.34 | -14.83% | Stop |
| 2025-10-07 | 2025-10-29 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income |
| 2025-10-07 | 2025-10-29 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income |
| 2025-10-07 | 2025-10-29 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income |
| 2025-09-15 | 2025-10-07 | Completed | 33.33% | $578.54 | $595.22 | 2.88% | Stop |
| 2025-07-15 | 2025-10-07 | Completed | 33.33% | $348.00 | $595.22 | 71.04% | Stop |
| 2025-07-09 | 2025-10-07 | Completed | 33.33% | $350.27 | $595.22 | 69.93% | Stop |
| 2025-08-21 | 2025-09-15 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.28% | Interest Income |
| 2025-07-09 | 2025-08-21 | Completed | 33.33% | $350.27 | $411.62 | 17.52% | Stop |
| 2025-06-20 | 2025-07-15 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.50% | Interest Income |
| 2025-06-13 | 2025-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.40% | Interest Income |
| 2025-06-03 | 2025-07-09 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.58% | Interest Income |
| 2025-04-22 | 2025-06-20 | Completed | 33.33% | $232.00 | $344.23 | 48.38% | Stop |
| 2025-05-23 | 2025-06-13 | Completed | 33.33% | $341.72 | $372.78 | 9.09% | Stop |
| 2025-05-30 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2025-04-22 | 2025-05-30 | Completed | 33.33% | $232.00 | $386.87 | 66.75% | Signal |
| 2025-05-02 | 2025-05-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income |
| 2025-05-01 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2025-04-22 | 2025-05-01 | Completed | 33.33% | $232.00 | $282.00 | 21.55% | Stop |
| 2025-03-28 | 2025-04-22 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.30% | Interest Income |
| 2025-03-28 | 2025-04-22 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.30% | Interest Income |
| 2025-03-28 | 2025-04-22 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.30% | Interest Income |
| 2025-03-18 | 2025-03-28 | Completed | 33.33% | $299.50 | $286.81 | -4.24% | Stop |
| 2025-03-18 | 2025-03-28 | Completed | 33.33% | $299.50 | $286.81 | -4.24% | Stop |
| 2025-03-17 | 2025-03-28 | Completed | 33.33% | $297.76 | $286.81 | -3.68% | Stop |
| 2025-02-24 | 2025-03-18 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2025-02-24 | 2025-03-18 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2025-02-21 | 2025-03-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.24% | Interest Income |
| 2025-01-06 | 2025-02-24 | Completed | 33.33% | $358.88 | $411.86 | 14.76% | Stop |
| 2025-01-06 | 2025-02-24 | Completed | 33.33% | $358.88 | $411.86 | 14.76% | Stop |
| 2025-02-05 | 2025-02-21 | Completed | 33.33% | $377.37 | $452.77 | 19.98% | Stop |
| 2025-01-13 | 2025-02-05 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2025-01-03 | 2025-01-13 | Completed | 33.33% | $341.47 | $310.00 | -9.22% | Stop |
| 2024-12-11 | 2025-01-06 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income |
| 2024-12-11 | 2025-01-06 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income |
| 2024-12-10 | 2025-01-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income |
| 2024-08-27 | 2024-12-11 | Completed | 33.33% | $88.99 | $327.60 | 268.13% | Stop |
| 2024-08-27 | 2024-12-11 | Completed | 33.33% | $88.99 | $327.60 | 268.13% | Stop |
| 2024-12-04 | 2024-12-10 | Completed | 33.33% | $373.00 | $342.11 | -8.28% | Stop |
| 2024-11-11 | 2024-12-04 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.28% | Interest Income |
| 2024-08-19 | 2024-11-11 | Completed | 33.33% | $86.00 | $291.12 | 238.51% | Stop |
| 2024-08-05 | 2024-08-27 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2024-08-05 | 2024-08-27 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2024-08-02 | 2024-08-19 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2023-11-17 | 2024-08-05 | Completed | 33.33% | $39.19 | $62.09 | 58.43% | Stop |
| 2023-11-17 | 2024-08-05 | Completed | 33.33% | $39.19 | $62.09 | 58.43% | Stop |
| 2024-07-26 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income |
| 2024-07-08 | 2024-07-26 | Completed | 33.33% | $87.32 | $78.82 | -9.73% | Stop |
| 2024-06-12 | 2024-07-08 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.43% | Interest Income |
| 2024-05-14 | 2024-06-12 | Completed | 33.33% | $81.12 | $79.15 | -2.43% | Stop |
| 2024-04-22 | 2024-05-14 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2024-02-02 | 2024-04-22 | Completed | 33.33% | $41.00 | $67.30 | 64.15% | Stop |
| 2023-08-10 | 2024-02-02 | Interest (FLOT) | 33.33% | $1.00 | $1.03 | 3.12% | Interest Income |
| 2023-10-26 | 2023-11-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income |
| 2023-10-26 | 2023-11-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income |
| 2023-06-30 | 2023-10-26 | Completed | 33.33% | $26.04 | $36.40 | 39.78% | Stop |
| 2023-06-30 | 2023-10-26 | Completed | 33.33% | $26.04 | $36.40 | 39.78% | Stop |
| 2023-08-01 | 2023-08-10 | Completed | 33.33% | $31.14 | $38.32 | 23.06% | Stop |
| 2023-06-28 | 2023-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.58% | Interest Income |
| 2023-06-28 | 2023-06-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2023-06-28 | 2023-06-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |