Global X FinTech (FINX) Daily/Weekly Backtest Results

Signal:                  
                  [ What are these? | Switch to FINX's monthly backtests ]
Fixed profit target:               -or-  
Show signal scores:       Threshold:           [ What are these scores? ]
Expectancy: -6.88%.   Win rate: 57.14%.   Sharpe Ratio: -0.894.   Maximum drawdown: -59.14% on 27 October 2023.
Mean CAGR: 27.02%. Time in market: 2451 days.   Hypothetical return: $1000 would be worth $563.42 on 19 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 Fintech

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 7 signal(s) occurring before 27 May 2024 for a 7.5% profit target: (57.14% * 8.81%) + (14.29% * 0.80%) - (28.57% * 42.08%) = -6.88%.
Wins: 4 Breakevens: 1 Losses: 2

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.

 

Large Gap Down Backtest Summary (Fixed Profits System)

This table summarises how profitable it would have been to have bought this stock at each large gap down 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%
03 June 2026   cards_starLOW     Gap Down $ 25.12 schedule schedule schedule schedule schedule
23 April 2026   cards_starLOW     Gap Down $ 25.89 schedule schedule schedule schedule schedule
03 February 2026   cards_starLOW     Gap Down $ 25.56 schedule schedule schedule schedule schedule
13 November 2025   cards_starLOW     Gap Down $ 31.06 schedule schedule schedule schedule schedule
10 October 2025   cards_starLOW     Gap Down $ 34.31 schedule schedule schedule schedule schedule
01 August 2025   cards_starLOW     Gap Down $ 33.16 select_check_box electric_bolt select_check_box electric_bolt schedule schedule schedule
21 February 2025   cards_starLOW     Gap Down $ 31.88 select_check_box select_check_box select_check_box select_check_box electric_bolt schedule
18 December 2024   cards_starLOW     Gap Down $ 32.88 select_check_box select_check_box schedule schedule schedule
03 February 2023   cards_starLOW     Gap Down $ 23.01 select_check_box select_check_box select_check_box select_check_box select_check_box
15 December 2022   cards_starLOW     Gap Down $ 19.61 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_boltelectric_bolt
02 November 2022   cards_starMEDIUM     Gap Down $ 20.68 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box
13 September 2022   cards_starMEDIUM     Gap Down $ 23.76 select_check_box select_check_box select_check_box select_check_box select_check_box
09 May 2022   cards_starLOW     sirenFIRE SALE Gap Down $ 23.98 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box
05 January 2022   LOW     Gap Down $ 38.16 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
01 December 2021   LOW     Gap Down $ 45.08 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default

 

The data for Global X FinTech (exchange: XNAS symbol: FINX) was last updated 14 Jun 2026 16:17. Data for this ETF is available from 04 Jan 2021 - 03 Jun 2026.