Performance Metrics
This page explains how Quantly tracks portfolio value and the metrics used to evaluate strategies.
Managed portfolio value
Section titled “Managed portfolio value”Quantly tracks managed capital only - capital you allocate to strategies through the platform. Positions you manage manually at your brokerage outside Quantly are not included in dashboard totals.
Strategy equity = virtual cash + market value of positions.
Virtual cash appears as Cash Remainder in holdings when a strategy holds cash instead of stocks.
Today’s change
Section titled “Today’s change”“Today’s change” follows the trading session, not calendar midnight:
- Between market close and 9:30 AM ET, the UI shows the prior session’s change
- The percentage resets when the regular session opens
- After end-of-day processing, values align with daily email snapshots
Go-to-cash vs liquidate
Section titled “Go-to-cash vs liquidate”| Action | Strategy | After sells | Portfolio total |
|---|---|---|---|
| Go-to-cash | Stays active | Positions sold; cash stays in strategy | Still included |
| Liquidate | Removed | Cash withdrawn from managed portfolio | Drops by strategy equity |
Available cash in the app is brokerage cash minus pending deposits - money you can invest in new strategies, not strategy-held cash.
Return metrics
Section titled “Return metrics”Total return
Section titled “Total return”Overall percentage gain or loss over the selected period.
Compound annual growth rate - return normalized to a yearly rate.
Annualized return
Section titled “Annualized return”Similar to CAGR; used in some charts and summaries.
Risk metrics
Section titled “Risk metrics”| Metric | Description |
|---|---|
| Volatility | Standard deviation of daily returns (annualized) |
| Max drawdown | Largest peak-to-trough decline |
| Sharpe ratio | Excess return per unit of total volatility |
| Sortino ratio | Like Sharpe, but uses downside volatility only |
Sharpe ratio guide
Section titled “Sharpe ratio guide”| Value | Typical interpretation |
|---|---|
| < 0.5 | Weak risk-adjusted return |
| 0.5 - 1.0 | Acceptable |
| 1.0 - 2.0 | Good |
| > 2.0 | Excellent (rare over long periods) |
Trading metrics
Section titled “Trading metrics”| Metric | Description |
|---|---|
| Win rate | Percentage of profitable trades |
| Profit factor | Gross profit divided by gross loss |
| Average trade | Mean P&L per trade |
| Average holding period | How long positions are typically held |
Benchmark comparison
Section titled “Benchmark comparison”Strategies can be compared to benchmarks like SPY on the Performance tab and equity charts.
See Metrics Glossary for one-line definitions of every metric.