Backtest the strategy of buying NVDA when MACD golden cross and selling when MACD death cross from 2023 to now
9/6/2024 10:54am
The strategy of buying NVDA on the MACD golden cross and selling on the MACD death cross yielded a 34.24% return, underperforming the benchmark by 9.1% with a CAGR of 19.11%. The strategy had a Sharpe ratio of 2.23, a win rate of 58.33%, and a maximum drawdown of -6.7% from August 19 to September 4, 2024.