The backtesting statistics can help to compare strategies and can give insights into the risk and return characteristics of the strategy. Such a comparison is only meaningful when the same time or observation period and the same calculation logic and benchmarks are used. The backtesting results are based on historical data and do not guarantee similar results in the future.       APY: is the annualized percentage yield, which shows the average return per year       Sharpe ratio: measures the risk adjusted relative performance of the portfolio. A higher Sharpe ratio indicates that the portfolio is able to perform better for each unit of risk taken.       Profit-loss ratio: gives insights into the profitable and losing trades the strategy generates. It is calculated by taking the average profit from all the winning trades and dividing it by the average losses on all the losing trades.       Worst drawdown: shows the largest price drop as a percentage from peak to trough, and is an indicator of downside risk.       Annual std: annual standard deviation is a measure of risk showing the annualized volatility of the portfolio. A higher standard deviation indicates higher volatility or risk.       Alpha: indicates the strategy’s ability to beat the benchmark in its risk adjusted returns. Positive alpha indicates it is outperforming the benchmark, while negative alpha indicates underperformance.       Cumulative profit: shows the total profit from the strategy from its inception until the end of the backtesting period. To give a better comparison, the cumulative profit should be annualized if the observation period is longer than a year.       Win rate: shows the proportion of winning trades in all trades during the observation period.       Loss rate: shows the proportion of losing trades in all trades during the observation period.       Best month: shows the return of the portfolio during the best month in the observation period.       Worst month: shows the return of the portfolio during the worst month in the observation period and can be considered one indicator of downside risk. Please remember that past performance is not indicative of future results. The backtesting procedure for the ClearGate strategies has followed all the best practices of backtesting to reduce the risks of over-optimising the strategies and takes account of actual trade execution costs and slippage.