Analyzing Backtest Results

After running a backtest, GreeksLab shows you how your strategy performed with charts, metrics, and detailed analysis.

Results Page Overview

The backtest results page has five tabs:

1. Overview: Key metrics and performance charts
2. Insights: Performance breakdown by market conditions
3. Positions: Individual trade details
4. Daily: Day-by-day performance
5. Strategy: Your strategy settings snapshot

Overview Tab

Shows your strategy's overall performance with key metrics and charts.

Key Metrics

Six key performance indicators displayed at the top:

• Total Return: Dollar amount and percentage gain/loss
• Daily Win Rate: Percentage of profitable trading days
• Average Daily P&L: Mean profit/loss per day
• Daily CVaR: Average of worst 5% of trading days
• Max Drawdown: Largest peak-to-trough decline
• Sharpe Ratio: Risk-adjusted return measure

Charts

Performance Chart: Main equity curve showing account balance over time

Drawdown Analysis: Shows depth and duration of losing periods

Underwater Analysis: Time spent below previous equity highs

Monthly Returns Heatmap: Monthly performance with color coding

P&L Distribution: Frequency of different daily P&L outcomes

Performance Statistics

Below the charts, you'll find detailed performance metrics including return statistics, risk metrics, and trade statistics.

Insights Tab

Analyzes your strategy's performance across different market conditions and factors.

Categories

Market Environment: VIX levels, overnight gaps, market movements
Time-Based: Entry hour, day of week, seasonality
Position Structure: DTE, premium levels, delta exposure
Position Templates: Performance by strategy template

Use the category tabs and factor selection to explore what drives your performance.

Positions Tab

Shows every individual trade with detailed breakdowns:

• Position list with P&L, dates, and status

Click any position for detailed analysis including intraday charts

• Greeks evolution and underlying price movement
• Entry/exit trade details

Daily Tab

Day-by-day performance breakdown showing:

• Daily P&L and market conditions
• Position activity (opened/closed)
• Risk metrics (delta, gamma exposure)
• Cumulative performance tracking

Strategy Tab

Shows a snapshot of your exact strategy configuration used for the backtest:

• Backtest settings (dates, capital, commissions)
• Position templates and leg configurations
• All rules and conditions exactly as they were run

Using Your Results

1. Start with Overview: Check key metrics and equity curve
2. Use Insights: Find what market conditions work best for your strategy
3. Review Positions: Look at individual trades for patterns
4. Check Daily Performance: Identify problem periods
5. Improve Strategy: Add conditions based on insights, test again

Next Steps

Now that you understand how to analyze backtest results, continue improving your trading strategies:

• Backtest Settings - Optimize your testing parameters for more realistic results
• Strategy Basics - Build more sophisticated strategies based on your insights
• Rules Overview - Add conditions and actions based on performance patterns
• Custom Expressions - Create advanced logic for complex market conditions