MO fidelity
MO's line is in BTC throughout; panels 1 to 6 are rolling 30 days. Click a legend item to toggle it.
Equity and holdings, all 1x at the start, log scale. MO BTC-denom in BTC, colored by what it held; grey: MO BTC/USD's dollar return as if run on BTC margin, dashed until it went live; faint: BTC and ETH in dollars, and ETH/BTC (up is ETH beating BTC). Strip: holdings in twelfths.
1. Return of holding one asset
2. Return vs best single hold, each in its own currency: BTC-denom in BTC, BTC/USD in dollars. Correlation: BTC-denom –, BTC/USD – (vs dollars or BTC, in dollars)
3. ETH/BTC volatility. Correlation with BTC-denom –
4. Sharpe, BTC-denom in BTC, BTC/USD in dollars. Correlation –
MO BTC/USD worst windows, in dollars: compounded return over its worst 30 and 90 days and its deepest fall from a high at daily closes, each with the day it ended. Amber: live worse than its own backtest.
5. ETH/BTC volatility since 2020. Shaded under 20%
6. Against his own record