VanEck Steel (SLX) Daily/Weekly Backtest Results

Signal:                  
                [ What are these? | Switch to SLX's monthly backtests ]
Fixed profit target:               -or-  
Show signal scores:           Threshold:         [ What are these scores? ]
Expectancy: 9.24%.   Win rate: 100%.   Sharpe Ratio: 5.402.   Maximum drawdown: -14.89% on 26 September 2022.
Mean CAGR: 144.57%. Time in market: 562 days.   Hypothetical return: $1000 would be worth $1662.14 on 01 December 2023.
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 Global Steel Producers

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: (100% * 9.24%) + (0% * 0%) - (0% * 0%) = 9.24%.
Wins: 8 Breakevens: 0 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%
19 March 2026   MEDIUM   smart_toy0.728  factory0.336   50 Day Low $ 86.91 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt
03 April 2025   MEDIUM   smart_toy0.766  factory0.631   50 Day Low $ 58.61 select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt
13 December 2024   MEDIUM   smart_toy0.274  factory0.265   50 Day Low $ 65.90 select_check_box select_check_box select_check_box select_check_box select_check_box
06 September 2024   MEDIUM   smart_toy0.33  factory0.223   50 Day Low $ 62.38 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box
05 August 2024   MEDIUM   smart_toy0.297  factory0.527   50 Day Low $ 63.28 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box
05 June 2024   MEDIUM   smart_toy0.35  factory0.218   50 Day Low $ 68.68 select_check_box select_check_box select_check_box select_check_box select_check_box
25 September 2023   MEDIUM   smart_toy0.2  factory0.4   50 Day Low $ 64.81 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box
04 May 2023   MEDIUM   smart_toy0.492  factory0.319   50 Day Low $ 58.04 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt
26 September 2022   MEDIUM   smart_toy0.912  factory0.805   FIRE SALE 50 Day Low $ 46.82 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt
14 June 2022   MEDIUM   smart_toy0.846  factory0.793   FIRE SALE 50 Day Low $ 55.01 select_check_box select_check_box select_check_box select_check_box electric_bolt select_check_box electric_bolt
09 May 2022   MEDIUM   smart_toy0.881  factory0.739   FIRE SALE 50 Day Low $ 57.26 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_bolt
17 November 2021   LOW   smart_toy0.33  factory0.316   50 Day Low $ 54.38 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
17 September 2021   LOW   smart_toy0.68  factory0.262   50 Day Low $ 58.17 select_check_box select_check_box select_check_box select_check_box select_check_box electric_bolt
19 July 2021   LOW   smart_toy0.756  factory0.262   50 Day Low $ 58.67 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box

 

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