Paper Lab
Test the thesis, not just the chart.
Compare benchmarks, market regimes, drawdowns, turnover, and execution assumptions before observing a strategy in a persistent paper portfolio.
The evidence ladder
Every result earns the next test.
A high return does not skip the process. ThorAlpha moves from simple validity checks to regime analysis and forward paper observation.
LEVEL 01Rule validation
Confirm the logic is executable, deterministic, and free of impossible conditions.
LEVEL 02Historical comparison
Measure return, drawdown, volatility, turnover, and benchmark-relative behavior.
LEVEL 03Regime challenge
Separate rising, falling, sideways, calm, and volatile periods.
LEVEL 04Paper observation
Record live-forward simulated signals without rewriting history.
A better result card
Performance with context.
Every strategy result pairs a strength with a reason for caution and the next useful action.
| Measure | What it says | What it does not say |
|---|---|---|
| Total return | Growth in the selected sample | Whether the edge survives another regime |
| Max drawdown | Largest historical decline | Worst possible future loss |
| Win rate | Frequency of profitable exits | Magnitude or reliability of the edge |
| Sharpe ratio | Return relative to observed variability | Tail risk or model validity |