Statistical Arbitrage Right Leg
Audit verdict
No reliable edge found
Its average result can't be told apart from chance, so it stays out of our rankings.
Audit details
How we decide whether a strategy enters our rankings. Read the methodology →
How its evidence compares
The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.
Best 5 of 1,570 backtests
Shown for transparency.
| Symbol | Timeframe | Net profit | Profit factor | Trades | Max drawdown |
|---|---|---|---|---|---|
E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! | 4H | +12,810,661,664% | 1.65 | 705 | 19195993% |
E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! | 4H | +8,895,292,727% | 1.58 | 705 | 22981119% |
CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! | 2H | +5,951,149,624% | 1.53 | 895 | 396936% |
AMC Entertainment Holdings, Inc. NYSE:AMC | 4H | +8,310,838% | 1.48 | 354 | 9781% |
Alphabet Inc. NASDAQ:GOOG | 1H | +6,593,934% | 1.23 | 984 | 132896% |
Is Statistical Arbitrage Right Leg profitable?
Not reliably, based on our tests. Across 1,570 backtests, 0 of 31 with more than 15 trades pass our quality gate. The best result is +12,810,661,664% on E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) (4H, 705 trades). On average, its results are statistically indistinguishable from chance (p = 0.20).
Strategies that passed our audit
Ranked strategies from the same family, ordered by robust score.
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