Research
Publications &
Insights
Selected findings from our research process — methodology notes, empirical observations, and perspective on systematic decision-making.
October 15, 2026
Why Does Live Differ From the Backtest?
We read the published research on why paper and live diverge, then checked it against 41 live sessions of our own. Most of what we saw agrees with the research. One standard measure misleads on quiet days.
Read Article →September 30, 2026
Why Is There a Gap Between Backtest and Live?
Every systematic strategy starts as a backtest — the only proof you have before real money is behind it. How much should you trust that number, and how close can you get to it once deployed live?
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