iShares MSCI Spain (EWP) Daily/Weekly Backtest Results globe

Signal:                  
                [ What are these? | Switch to EWP's monthly backtests ]
Fixed profit target:               -or-  
Show signal scores:           Threshold:         [ What are these scores? ]
Expectancy: 6.23%.   Win rate: 75.00%.   Sharpe Ratio: -0.555.   Maximum drawdown: -31.14% on 12 October 2022.
Mean CAGR: 76.86%. Time in market: 1499 days.   Hypothetical return: $1000 would be worth $1263.24 on 20 March 2024.
Key: change_history : profitable trade change_history : breakeven trade (minimal loss after 2 years) change_history : losing trade (not profitable in a 2 year timeframe)


*Transaction costs, taxes and dividends are excluded from these calculations. Past performance may not necessarily be a reliable guide to future performance.

Calculations for Spain

Expectancy is the percentage profit or loss you would expect to make on the next purchase of this stock with an entry point at the specified signal and profit target as set above. Given a large enough sample size, a positive expectancy indicates the trading strategy is likely to be profitable.

Expectancy calculation for 8 signal(s) occurring before 22 May 2024 for a 7.5% profit target: (75.00% * 8.25%) + (25.00% * 0.18%) - (0% * 0%) = 6.23%.
Wins: 6 Breakevens: 2 Losses: 0

To even out CAGR calculations, large individual returns from particularly quick trades have been capped at 300%.

The Sharpe Ratio calculation assumes a risk free return rate of 2% per calendar year. Ideally the ratio should be a positive number. A higher positive number indicates the strategy has a more attractive risk adjusted rate of return for this particular buy signal and stock over the chart's timeframe.

 

50 day low Backtest Summary (Fixed Profits System)

This table summarises how profitable it would have been to have bought this stock at each 50 day low entry signal. Hover over the icons to see more details of the particular trade, including the maximum percentage drawdown and how long it took to reach the desired percentage profit.

Key:   disabled_by_default = profit point not achieved. select_check_box = profit point achieved with CAGR above 15%.
select_check_box = profit point achieved with CAGR of between 5% and 15%. select_check_box = profit point achieved but CAGR was less than 5%.

Signal Date and Score Buy Signal Price Performance (mouseover for details)
5% 6% 7.5% 10% 20%
06 March 2026   MEDIUM   smart_toy0.915  factory0.283   50 Day Low $ 52.82 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt schedule
17 December 2024   MEDIUM   smart_toy0.62  factory0.39   50 Day Low $ 31.55 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt
06 November 2024   MEDIUM   smart_toy0.711  factory0.559   50 Day Low $ 32.96 select_check_box select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt
05 August 2024   MEDIUM   smart_toy0.472  factory0.658   50 Day Low $ 30.80 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt
08 February 2024   MEDIUM   smart_toy0.944  factory0.598   50 Day Low $ 29.04 select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt
23 October 2023   MEDIUM   smart_toy0.889  factory0.666   FIRE SALE 50 Day Low $ 26.43 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt
06 September 2023   MEDIUM   smart_toy0.556  factory0.282   50 Day Low $ 27.50 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt
23 September 2022   MEDIUM   smart_toy0.963  factory0.88   FIRE SALE 50 Day Low $ 20.70 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt
13 June 2022   MEDIUM   smart_toy0.78  factory0.911   50 Day Low $ 23.26 select_check_box select_check_box select_check_box select_check_box select_check_box electric_bolt
03 March 2022   HIGH   smart_toy0.937  factory0.559   FIRE SALE 50 Day Low $ 24.32 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box select_check_box
19 November 2021   LOW   smart_toy0.704  factory0.527   50 Day Low $ 26.58 select_check_box select_check_box select_check_box select_check_box select_check_box
07 July 2021   LOW   smart_toy0.836  factory0.23   50 Day Low $ 28.28 select_check_box select_check_box select_check_box select_check_box select_check_box

 

The data for iShares MSCI Spain (exchange: ARCX symbol: EWP) was last updated 30 May 2026 15:00. Data for this ETF is available from 04 Jan 2021 - 29 May 2026.