Trades: 664 (657 closed, 7 open). Full blotter: reports/charts/llm_sleeve_mechanics_trades.csv (entry/exit dates AND prices, hold days, return).
| Sleeve | Ret | CAGR | Sharpe | PF | MaxDD |
|---|
| sleeve IS | +21.51% | +2.10% | 0.77 | 1.17 | -6.98% |
| sleeve OOS | +34.97% | +2.87% | 1.21 | 1.24 | -3.40% |
| sleeve FULL | +64.00% | +2.51% | 0.99 | 1.21 | -6.98% |
| SPY IS | +95.27% | +7.40% | 0.44 | 1.09 | -55.19% |
| SPY OOS | +349.45% | +15.26% | 0.89 | 1.19 | -33.72% |
| SPY FULL | +777.66% | +11.50% | 0.66 | 1.14 | -55.19% |
| win rate | avg | median | best | worst | trade PF |
|---|
| 55.3% | +7.53% | +0.90% | +599.54% | -78.53% | 3.30 |
| excess (sleeve-SPY) | tracking err | info ratio | corr | beta |
|---|
| -12.93%/yr | 16.11% | -0.80 | 0.74 | 0.10 |
| Check | Value | Result |
|---|
| first closed entry | 2007-11-13 | PASS |
| warmup flat span | 2006-08-14..2007-11-13 | PASS |
| NaN prices | 0 | PASS |
| exit>=entry on closed | 0 | PASS |
| positive hold_days | 0 | PASS |
| open positions listed | 7 | INFO |
| turnover total | 17.78 | PASS |
| veto armed (code path) | see mechanics report | INFO |
entry sym entry_px ret
2025-12-24 AMAT 260.13 1.107201
2026-05-28 CNC 58.91 0.138516
2026-05-28 CSCO 118.20 0.048073
2026-07-29 CSX 50.74 -0.013007
2025-10-24 INTC 38.28 1.637147
2026-04-28 TXN 262.32 0.054410
2026-07-29 VZ 47.22 -0.005083
Note: sleeve deploys ~10% (rest cash) — compare shape, not level, vs 100%-invested SPY. Proxy picks, not Gemma.