SPOT
Spotify Technology S.A.
TREND FOLLOWING PERFORMANCE HISTORY
2026-07-26
Executive Summary
The quantitative backtest for SPOT (Spotify Technology S.A.) using the Excess Return MMA* strategy in a Trading context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -46.4% (compared to the benchmark's drawdown of -80.5%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 20.5%, compared to a Buy-and-Hold benchmark return of 15.4%. The strategy executed 76 total trades.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
📊 Mathematical Model
Excess Return MMA Active
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA
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.
Available in Investing Mode
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
Available in Investing Mode
SPOT Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | -18.91% | -29.19% | 21.71% | 14.96% | 20.49% | 15.39% |
| Sharpe Ratio | -1.46 | -0.77 | 0.74 | 0.29 | 0.66 | 0.30 |
| Max Drawdown | -22.78% | -44.11% | -39.87% | -76.39% | -46.39% | -80.51% |
| % Time Invested | 60.3% | 100.0% | 74.9% | 100.0% | 77.8% | 100.0% |
| Trades / Year | 10.0 | 0.0 | 9.0 | 0.0 | 9.8 | 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 or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason | |
|---|---|---|---|---|---|---|---|---|
| 🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Upgrade to Pro to Unlock | ||||||||
| 2026-04-28 | 2026-05-11 | Completed | 33.33% | $445.00 | $415.01 | -6.79% | Signal | |
| 2026-04-06 | 2026-04-29 | Completed | 33.33% | $483.68 | $434.15 | -10.29% | Stop | |
| 2026-04-06 | 2026-04-28 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income | |
| 2026-02-26 | 2026-04-06 | Completed | 33.33% | $469.00 | $483.68 | 3.08% | Stop | |
| 2025-11-06 | 2026-04-06 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.48% | Interest Income | |
| 2026-01-05 | 2026-02-26 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income | |
| 2025-12-26 | 2026-01-05 | Completed | 33.33% | $585.07 | $582.25 | -0.53% | Signal | |
| 2025-10-10 | 2025-12-26 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.80% | Interest Income | |
| 2025-09-22 | 2025-11-06 | Completed | 33.33% | $730.25 | $620.00 | -15.14% | Signal | |
| 2025-08-21 | 2025-11-05 | Completed | 33.33% | $703.79 | $626.00 | -11.10% | Stop | |
| 2025-10-07 | 2025-10-10 | Completed | 33.33% | $679.98 | $673.72 | -0.97% | Signal | |
| 2025-09-15 | 2025-10-07 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.25% | Interest Income | |
| 2025-08-26 | 2025-09-22 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income | |
| 2025-08-18 | 2025-09-15 | Completed | 33.33% | $734.00 | $698.87 | -4.83% | Signal | |
| 2025-08-21 | 2025-08-26 | Completed | 33.33% | $703.79 | $694.79 | -1.33% | Signal | |
| 2025-07-30 | 2025-08-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-07-30 | 2025-08-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-07-21 | 2025-08-18 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2025-04-01 | 2025-07-30 | Completed | 33.33% | $547.20 | $623.00 | 13.80% | Stop | |
| 2025-04-01 | 2025-07-30 | Completed | 33.33% | $547.20 | $623.00 | 13.80% | Stop | |
| 2025-05-09 | 2025-07-21 | Completed | 33.33% | $659.00 | $692.75 | 5.07% | Signal | |
| 2025-04-16 | 2025-05-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-04-01 | 2025-04-16 | Completed | 33.33% | $547.20 | $564.48 | 3.11% | Signal | |
| 2025-03-10 | 2025-04-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-03-10 | 2025-04-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-03-10 | 2025-04-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-01-23 | 2025-03-10 | Completed | 33.33% | $490.00 | $508.12 | 3.65% | Stop | |
| 2023-11-17 | 2025-03-10 | Completed | 33.33% | $175.72 | $508.12 | 189.02% | Stop | |
| 2023-10-03 | 2025-03-10 | Completed | 33.33% | $157.44 | $508.12 | 222.58% | Stop | |
| 2024-12-27 | 2025-01-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2024-10-04 | 2024-12-27 | Completed | 33.33% | $376.38 | $456.12 | 21.13% | Signal | |
| 2024-09-12 | 2024-10-04 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income | |
| 2024-08-05 | 2024-09-12 | Completed | 33.33% | $302.01 | $338.25 | 11.94% | Signal | |
| 2024-07-12 | 2024-08-05 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.33% | Interest Income | |
| 2024-05-31 | 2024-07-12 | Completed | 33.33% | $301.89 | $302.13 | 0.03% | Signal | |
| 2024-05-08 | 2024-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2024-04-24 | 2024-05-08 | Completed | 33.33% | $301.35 | $297.55 | -1.31% | Signal | |
| 2024-04-02 | 2024-04-24 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2024-01-31 | 2024-04-02 | Completed | 33.33% | $214.01 | $261.44 | 22.10% | Signal | |
| 2024-01-08 | 2024-01-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2023-10-31 | 2024-01-08 | Completed | 33.33% | $163.03 | $195.20 | 19.67% | Signal | |
| 2023-10-26 | 2023-11-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2023-10-09 | 2023-10-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.35% | Interest Income | |
| 2023-08-17 | 2023-10-26 | Completed | 33.33% | $134.35 | $162.75 | 21.08% | Signal | |
| 2023-09-01 | 2023-10-09 | Completed | 33.33% | $155.56 | $155.84 | 0.13% | Signal | |
| 2023-08-31 | 2023-10-03 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.47% | Interest Income | |
| 2023-07-26 | 2023-09-01 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.58% | Interest Income | |
| 2023-08-17 | 2023-08-31 | Completed | 33.33% | $134.35 | $149.95 | 11.56% | Signal | |
| 2023-07-26 | 2023-08-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2023-07-26 | 2023-08-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2023-04-03 | 2023-07-26 | Completed | 33.33% | $132.37 | $141.69 | 6.99% | Stop | |
| 2023-02-13 | 2023-07-26 | Completed | 33.33% | $125.87 | $141.69 | 12.51% | Stop | |
| 2023-01-13 | 2023-07-26 | Completed | 33.33% | $90.68 | $141.69 | 56.17% | Stop | |
| 2023-03-10 | 2023-04-03 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income | |
| 2023-01-13 | 2023-03-10 | Completed | 33.33% | $90.68 | $123.68 | 36.32% | Signal | |
| 2022-02-17 | 2023-02-13 | Interest (CASH) | 33.33% | $1.00 | $1.03 | 2.58% | Interest Income | |
| 2022-12-20 | 2023-01-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.28% | Interest Income | |
| 2022-10-05 | 2023-01-13 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.15% | Interest Income | |
| 2022-11-25 | 2022-12-20 | Completed | 33.33% | $77.85 | $72.20 | -7.30% | Signal | |
| 2022-09-01 | 2022-11-25 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.87% | Interest Income | |
| 2022-09-29 | 2022-10-05 | Completed | 33.33% | $90.95 | $92.28 | 1.41% | Signal | |
| 2022-09-07 | 2022-09-29 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.20% | Interest Income | |
| 2022-08-04 | 2022-09-07 | Completed | 33.33% | $120.58 | $102.35 | -15.16% | Stop | |
| 2022-07-21 | 2022-09-01 | Completed | 33.33% | $112.66 | $106.06 | -5.91% | Signal | |
| 2022-01-05 | 2022-08-04 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.56% | Interest Income | |
| 2022-06-28 | 2022-07-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income | |
| 2022-05-27 | 2022-06-28 | Completed | 33.33% | $109.70 | $106.35 | -3.10% | Signal | |
| 2022-04-21 | 2022-05-27 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income | |
| 2022-03-25 | 2022-04-21 | Completed | 33.33% | $149.96 | $123.34 | -17.79% | Stop | |
| 2022-01-24 | 2022-03-25 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income | |
| 2022-02-15 | 2022-02-17 | Completed | 33.33% | $165.45 | $162.59 | -1.78% | Signal | |
| 2022-01-24 | 2022-02-15 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2022-01-03 | 2022-01-24 | Completed | 33.33% | $235.25 | $187.41 | -20.38% | Stop | |
| 2021-12-27 | 2022-01-24 | Completed | 33.33% | $236.71 | $187.41 | -20.87% | Stop | |
| 2021-12-17 | 2022-01-05 | Completed | 33.33% | $224.31 | $237.76 | 5.94% | Signal | |
| 2021-11-24 | 2022-01-03 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2021-12-02 | 2021-12-27 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-11-24 | 2021-12-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-11-08 | 2021-12-02 | Completed | 33.33% | $287.00 | $225.00 | -21.64% | Stop | |
| 2021-10-27 | 2021-11-24 | Completed | 33.33% | $269.91 | $244.67 | -9.40% | Stop | |
| 2021-10-04 | 2021-11-24 | Completed | 33.33% | $229.99 | $244.67 | 6.33% | Stop | |
| 2021-07-29 | 2021-11-08 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2021-10-05 | 2021-10-27 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-08-31 | 2021-10-05 | Completed | 33.33% | $233.51 | $221.96 | -4.99% | Signal | |
| 2021-08-24 | 2021-10-04 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-07-27 | 2021-08-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2021-08-20 | 2021-08-24 | Completed | 33.33% | $209.55 | $223.31 | 6.51% | Signal | |
| 2021-07-29 | 2021-08-20 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-06-01 | 2021-07-29 | Completed | 33.33% | $243.50 | $225.31 | -7.52% | Stop | |
| 2021-06-01 | 2021-07-29 | Completed | 33.33% | $243.50 | $225.31 | -7.52% | Stop | |
| 2021-06-01 | 2021-07-27 | Completed | 33.33% | $243.50 | $239.76 | -1.59% | Signal | |
| 2021-05-05 | 2021-06-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-05-05 | 2021-06-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-03-01 | 2021-06-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2021-04-14 | 2021-05-05 | Completed | 33.33% | $294.00 | $246.00 | -16.37% | Stop | |
| 2021-03-23 | 2021-05-05 | Completed | 33.33% | $274.00 | $246.00 | -10.26% | Stop | |
| 2021-03-11 | 2021-04-14 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-03-01 | 2021-03-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-03-09 | 2021-03-11 | Completed | 33.33% | $274.60 | $276.01 | 0.46% | Signal | |
| 2021-02-12 | 2021-03-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-11-25 | 2021-03-01 | Completed | 33.33% | $269.00 | $313.00 | 16.30% | Stop | |
| 2020-11-03 | 2021-03-01 | Completed | 33.33% | $236.00 | $313.00 | 32.56% | Stop | |
| 2021-02-03 | 2021-02-12 | Completed | 33.33% | $321.50 | $333.94 | 3.82% | Signal | |
| 2021-01-11 | 2021-02-03 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-11-25 | 2021-01-11 | Completed | 33.33% | $269.00 | $350.06 | 30.07% | Signal | |
| 2020-11-03 | 2020-11-25 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-11-03 | 2020-11-25 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-10-09 | 2020-11-03 | Completed | 33.33% | $249.67 | $236.00 | -5.52% | Stop | |
| 2020-09-30 | 2020-11-03 | Completed | 33.33% | $244.00 | $236.00 | -3.33% | Stop | |
| 2020-09-08 | 2020-11-03 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2020-09-17 | 2020-10-09 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-09-08 | 2020-09-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-09-01 | 2020-09-17 | Completed | 33.33% | $284.65 | $230.82 | -18.95% | Stop | |
| 2020-06-02 | 2020-09-08 | Completed | 33.33% | $183.00 | $240.66 | 31.44% | Stop | |
| 2020-05-06 | 2020-09-08 | Completed | 33.33% | $146.81 | $240.66 | 63.84% | Stop | |
| 2020-08-10 | 2020-09-01 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-04-13 | 2020-08-10 | Completed | 33.33% | $131.77 | $251.49 | 90.76% | Signal | |
| 2020-04-29 | 2020-06-02 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-03-02 | 2020-05-06 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income | |
| 2020-03-24 | 2020-04-29 | Completed | 33.33% | $125.00 | $153.00 | 22.34% | Signal | |
| 2020-02-27 | 2020-04-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income | |
| 2020-03-02 | 2020-03-24 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2020-01-06 | 2020-03-02 | Completed | 33.33% | $151.49 | $137.98 | -8.96% | Stop | |
| 2019-11-11 | 2020-03-02 | Completed | 33.33% | $146.63 | $137.98 | -5.95% | Stop | |
| 2020-02-21 | 2020-02-27 | Completed | 33.33% | $146.76 | $137.01 | -6.69% | Signal | |
| 2020-01-29 | 2020-02-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income | |
| 2019-12-30 | 2020-01-29 | Completed | 33.33% | $153.18 | $144.94 | -5.43% | Signal | |
| 2019-10-21 | 2020-01-06 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income | |
| 2019-12-05 | 2019-12-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income | |
| 2019-10-23 | 2019-12-05 | Completed | 33.33% | $118.33 | $146.00 | 23.32% | Signal | |
| 2019-09-12 | 2019-11-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income | |
| 2019-08-27 | 2019-10-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income | |
| 2019-10-04 | 2019-10-21 | Completed | 33.33% | $116.10 | $115.73 | -0.37% | Signal | |
| 2019-09-12 | 2019-10-04 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2019-06-28 | 2019-09-12 | Completed | 33.33% | $143.74 | $132.17 | -8.10% | Stop | |
| 2019-04-08 | 2019-09-12 | Completed | 33.33% | $140.85 | $132.17 | -6.21% | Stop | |
| 2019-06-12 | 2019-08-27 | Completed | 33.33% | $138.28 | $139.64 | 0.93% | Signal | |
| 2019-05-01 | 2019-06-28 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income | |
| 2019-05-01 | 2019-06-12 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2019-04-15 | 2019-05-01 | Completed | 33.33% | $141.00 | $136.50 | -3.24% | Signal | |
| 2019-02-13 | 2019-05-01 | Completed | 33.33% | $142.13 | $136.50 | -4.01% | Signal | |
| 2019-03-19 | 2019-04-15 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.18% | Interest Income | |
| 2018-10-31 | 2019-04-08 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.02% | Interest Income | |
| 2019-01-15 | 2019-03-19 | Completed | 33.33% | $129.27 | $140.63 | 8.73% | Signal | |
| 2018-10-11 | 2019-02-13 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.78% | Interest Income | |
| 2018-12-20 | 2019-01-15 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2018-12-11 | 2018-12-20 | Completed | 33.33% | $133.81 | $117.50 | -12.23% | Signal | |
| 2018-10-11 | 2018-12-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.37% | Interest Income | |
| 2018-10-15 | 2018-10-31 | Completed | 33.33% | $160.40 | $142.07 | -11.47% | Stop | |
| 2018-10-11 | 2018-10-15 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |