Documentation index (static)
Performance & Analytics
Performance Overview
The metrics horakl tracks for every portfolio and how they fit together.
Performance Overview
The metrics horakl tracks for every portfolio and how they fit together.
horakl computes a consistent set of performance and risk metrics for every portfolio so managers can be compared on the same basis.
- ROI 7d, ROI 30d and ROI Max (since-inception).
- Total Score (0–100).
- Consistency and Discipline.
- Sharpe Ratio.
- Volatility.
- Max Drawdown.
- Tail Risk (ruin probability).
Metrics are computed by scheduled backend pipelines from the recorded allocation and market data. They should be interpreted together rather than in isolation.
ROI
Return on Investment across 7-day, 30-day and since-inception windows.
ROI (Return on Investment) measures the percentage change in a portfolio’s NAV over a given window.
ROI windows
horakl exposes ROI 7d, ROI 30d and ROI Max (since inception). Each compares the current NAV against the NAV at the start of the window.
Conceptual formula
ROI = (Current NAV / Reference NAV − 1) × 100
The exact reference points and smoothing used by the backend pipelines are not documented here. Treat the formula above as a conceptual description, not the implemented specification.
Performance vs Bitcoin
How horakl compares portfolio returns against a Bitcoin benchmark.
Where the UI exposes a comparison versus Bitcoin, horakl relates the portfolio’s return to Bitcoin’s return over the same period.
The relative-return methodology is conceptually:
Relative Return = ((1 + Portfolio Return) / (1 + BTC Return) − 1) × 100
The exact period shown in the current UI (for example 7d, 30d or Max) should be confirmed on the portfolio card or detail view before interpreting the comparison. The current product direction uses Max / since-inception comparison where implemented.
Sharpe Ratio
Risk-adjusted return: how much return a portfolio produces per unit of volatility.
The Sharpe Ratio measures risk-adjusted return. A higher value means more return per unit of volatility; a lower or negative value means weaker risk-adjusted performance.
The exact risk-free reference and annualization used by the backend are not documented here. Use the displayed value as a relative comparison signal, not a precise specification.
Volatility
How much a portfolio’s NAV fluctuates over time.
Volatility measures the dispersion of a portfolio’s returns. Higher volatility means wider swings in NAV; lower volatility means a smoother path.
Volatility is a risk indicator, not a quality score. Two portfolios can have similar returns with very different volatility.
Max Drawdown
The largest peak-to-trough decline a portfolio has experienced.
Max Drawdown measures the largest percentage decline from a previous peak to the subsequent trough in a portfolio’s NAV. It describes the worst loss an observer would have seen had they tracked the portfolio from its peak.
Max Drawdown is a backward-looking risk measure. It does not predict the size of future losses.
Consistency
How steadily a portfolio performs over time.
Consistency reflects how steadily a portfolio produces results relative to its own history. It is one of the behavioral factors used in the horakl Score.
The exact computation is performed by backend pipelines and is not specified here. Treat the displayed value as a relative signal.
Discipline
How closely a manager sticks to their stated allocation behavior.
Discipline reflects how controlled a manager’s adjustment behavior is. It complements Consistency as a behavioral factor in the horakl Score.
The exact computation is performed by backend pipelines and is not specified here. Treat the displayed value as a relative signal.