“A portfolio is not paid for the size of the moves around it. It is paid for the share of them it was already holding, and the two can point in opposite directions for weeks at a time.” About This...
When Movement Refuses to Become Trend June was the month of the turn. July was the month when almost nothing stayed turned. For the second consecutive month, every benchmark in the Battle of the Trend Following Indexes finished negative. But...
“The trend that breaks a portfolio in one month is often the one that pays it in the next; the reversal and the opportunity are the same event seen at two scales.” Fractals of Finance About This Report The ATS...
When Better Conditions Cost Money: The Month of the Turn After May delivered the quietest month of the year and its narrowest dispersion, June reversed both. Every benchmark in the Battle of the Trend Following Indexes finished negative, where in...
“A trend persists until, self-similar at every scale, it does not; the turn is the market changing its mind about the future.” Fractals of Finance About This Report The ATS Classic Trend Benchmarking Portfolio is a systematic trend-following reference model....
When Convexity Has Nothing to Cut: The Quiet Month After April delivered the strongest trend-following month of 2026 and the year’s widest dispersion, May delivered the reverse of both. It was the quietest month of the year at the index...
About This Report The ATS Classic Trend Benchmarking Portfolio is a systematic, fully rules-based trend-following model maintained by ATS Trading Solutions. It runs a ten-system ensemble across a diversified universe of 68 futures markets spanning eight sectors: equity indices, currencies,...
When Convexity Cuts Both Ways: The Other Side After March 2026 broke a two-month streak of universal gains with every benchmark finishing negative, April delivered the reverse: the strongest trend-following month of 2026 to date, with every benchmark in the...
When Convexity Cuts Both Ways After two consecutive months of universal gains across the trend-following peer group, March 2026 broke the streak. Every one of the seven benchmarks tracked in the Battle of the Trend Following Indexes finished the month...
February 2026 delivered another strong month for trend followers, with all seven indexes posting gains for the second consecutive month. Classic Trend led at +5.3%, followed by TTU at +4.6%, IASG at +4.0%, and SG Trend at +3.9%. Systematic Momentum...
