Analytics and metrics
The account-level performance view, and the definitions behind every number Quanify shows you — on the Analytics tab, on a strategy page, in the journal and in the Portfolio Builder.
The Analytics tab
Two views sit at the top: Account Analytics and Strategy Analytics. Underneath them, two controls drive everything on the page.
- The account picker. Select one account or several. Every panel below recomputes against exactly that selection, so you can look at one funded account alone or the whole book together.
- The date range. Presets for today, this week, last week, this month and last month, plus a custom range. The header tells you how many days you are viewing, and Clear takes you back to everything.
What the page then draws:
- Daily account balance — the equity line over the selected window.
- Monthly P&L — a month grid with the result per day, so a bad stretch is visible without reading rows.
- Direction — the long and short split, how much of the result came from each, and the average per trade.
- By day of week — performance broken out by weekday.
- The trade table — exit time, symbol, direction, entry, exit, size, duration and account, with a row-count control. It scrolls inside its own panel so a wide table does not push the page sideways.
Reading a metric honestly
Two rules apply everywhere Quanify shows a number.
- Thin samples are flagged, not hidden. A four-trade Sharpe is not a Sharpe. Where there is not enough history for a ratio to mean anything, Quanify withholds it and says so rather than printing a confident-looking figure.
- A backtest and a live record are different things. On a strategy page, forward-recorded trades are appended to the historical record with the boundary marked, so you can always see which part is which.
The core numbers
| Metric | What it means |
|---|---|
| Net P&L | Total result over the window, after the costs included in the data. |
| Win rate | Winning trades as a share of all scored trades. On its own it says almost nothing — a 30% win rate can be excellent and an 80% one can be ruinous. |
| Profit factor | Gross profit divided by gross loss. Above 1 is profitable; the interesting question is how it is built. |
| Expectancy | What an average trade returns in currency. Win rate and average win and loss folded into one figure. |
| Average win / average loss | The two sides separately. These are what actually explain a profit factor. |
| Best / worst trade | The extremes. Worth checking whether one outlier is carrying the whole record. |
| Total trades | Sample size. Read every ratio below with this number in mind. |
| R multiple | A result expressed as a multiple of the risk planned for it. +2R means you made twice what you were risking. |
Drawdown
Max drawdown is the largest peak-to-trough fall in the equity curve over the window. It is the single most useful number for deciding what you can actually run, because it is the loss you have to be able to sit through — not the loss you hope for.
The underwater view on a strategy chart plots the same thing continuously: how far below the previous peak the curve was at every point, and therefore how long each recovery took. A shallow drawdown that lasted nine months is not a small drawdown.
The ratios
| Ratio | What it measures |
|---|---|
| Sharpe | Return per unit of total volatility. Higher is smoother. It penalises upside volatility just as much as downside, which is its main weakness. |
| Sortino | Return per unit of downside volatility only. Usually the fairer read for a strategy whose good months are large. |
| Calmar | Return against maximum drawdown. The ratio that speaks directly to whether you could have held the position through the worst of it. |
| Recovery factor | Net profit divided by maximum drawdown. How many times over the strategy earned back its worst stretch. |
Sharpe and Sortino here are annualised, so they are comparable across strategies with different trade frequencies. Both need a real span of history to be meaningful, which is why they are withheld on short records.
Where each number comes from
- A strategy page computes from that strategy's own trade history — its backtest, plus its live-recorded signals where it has been running on Quanify. It is the strategy's record, independent of your routing.
- The Trade Journal computes from the entries you write. Its numbers describe you, not the strategy.
- The Portfolio Builder computes from the combined series of the strategies you have selected at the contract counts you set.
They will not agree with each other, and they are not supposed to. A strategy's record includes signals that never filled for you; your journal includes discretionary trades no strategy ever fired.