Global X FinTech (FINX) Daily/Weekly Backtest Results

Buy indicator:                
              [ What are these indicators? | Switch to FINX's monthly backtests ]
Fixed profit target:               -or-  

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 16 April 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%
23 April 2026   MEDIUM   Gap Down $ 25.89 schedule schedule schedule schedule schedule
03 February 2026   MEDIUM   Gap Down $ 25.56 schedule schedule schedule schedule schedule
13 November 2025   MEDIUM   Gap Down $ 31.06 schedule schedule schedule schedule schedule
10 October 2025   MEDIUM   Gap Down $ 34.31 schedule schedule schedule schedule schedule
01 August 2025   MEDIUM   Gap Down $ 33.16 select_check_box electric_bolt select_check_box electric_bolt schedule schedule schedule
21 February 2025   MEDIUM   Gap Down $ 31.88 select_check_box select_check_box select_check_box select_check_box electric_bolt schedule
18 December 2024   MEDIUM   Gap Down $ 32.88 select_check_box select_check_box schedule schedule schedule
03 February 2023   MEDIUM   Gap Down $ 23.01 select_check_box select_check_box select_check_box select_check_box select_check_box
15 December 2022   MEDIUM   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   HIGH   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   HIGH   Gap Down $ 23.76 select_check_box select_check_box select_check_box select_check_box select_check_box
09 May 2022   HIGH   FIRE 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 24 Apr 2026 07:49. Data for this ETF is available from 04 Jan 2021 - 23 Apr 2026.