RUN ONCE — do not re-tune, do not re-run (seed 424242, 100 virgin names 2025-08-14->2026-08-12)
- Total return: -1.73% | CAGR -1.75% | MaxDD 1.8%
- PF 0.57 | Sharpe -4.35 | Trades 1158 | Beta -0.00
| Year | Panel | SPY | Excess |
|---|---|---|---|
| 2025 | -0.5% | +6.0% | -6.5% |
| 2026 | -1.2% | +13.1% | -14.3% |
Gate 2 verdict: HOLDOUT EDGE NOT CONFIRMED