-26.8%
PAAS vs GAP
-9.9%
-16.9%
-40.0%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 6mo.
| Period | Portfolio | GAP | Excess | Alpha |
|---|---|---|---|---|
| 1D | +1.5% | -4.1% | +5.6% | +1.6% |
| 7D | +8.4% | -3.8% | +12.2% | +8.5% |
| 30D | -7.2% | -9.0% | +1.9% | -7.3% |
| 3M | -14.0% | +5.5% | -19.5% | -13.2% |
| 6M | -26.8% | -11.1% | -15.7% | -28.1% |
| All | -26.8% | -9.9% | -16.9% | -28.1% |
Cumulative growth
Daily Returns
Daily percentage return beside GAP.
Daily Out/Under-Performance
Portfolio return minus GAP return. Positive bars indicate outperformance.
Daily Alpha
Portfolio daily return minus β × GAP return. Early observations use the first valid beta; later observations use the trailing beta estimated for each date.
Cumulative Out/Under-Performance
Relative wealth over 6mo: compounded portfolio wealth divided by compounded GAP wealth, less one. Both series rebase at the selected span's start.
Cumulative Alpha
Compounded beta-adjusted residual returns apply the first valid beta to early observations, then the trailing beta ending on each date.
Updating return analytics…
6mo analysis · Full analysis span regression · 6 months rolling