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Hey guys,
Pretty much the first backtest, algorithm I wanted to try out. Mcdonalds and the unemployment rate had a pretty high correlation, after I performed a linear regression.
I was following Jared's tutorial on unemployment rate on youtube and pretty much picked up a bunch from there. Thanks a ton Jared Broad and special thanks to Jovad Uribe for getting me hooked to QuantConnect.
I want to modify this and see if I can come up with specifics during the recession, pandemic etc although I'm not too sure I'll be able to trade positively between March, April. Once I do I'll update this thread
Shile Wen
Hi Sairaj,
This is really interesting! The data goes to March 1st, but the recession really hit hard in mid-March, so the unemployment rate doesn’t update. I think it would be interesting to see the algorithm’s performance with updated data, so I’ve updated the data and re-ran the backtest. The drawdown is still roughly the same, but the CAGR increased slightly.
Best Regards,
Shile Wen
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