# Event Repricing

Source: https://whycoinmoves.com/strategies/afterglow

An event-driven crypto strategy based on how markets reprice new information. Historically active in most months, with returns spread across many trades.

Returns are percentages of fixed capital, non-compounded. Zero return does not establish an empty position. Missing observations are unavailable, not zero. Sources: backtest, live, mixed, missing. Month-end drawdowns hide intra-month losses. Backtests are in-sample; past performance does not guarantee future results.

Data through: 2026-10. Last data update: 2026-11-04T01:05:07Z.

## Metrics (2024-11–2026-10)

| Metric | Value |
| --- | --- |
| 1M return (available history, up to 1M) | +8.07% |
| 3M return (available history, up to 3M) | +55.55% |
| 6M return (available history, up to 6M) | +93.32% |
| 12M return (available history, up to 12M) | +196.17% |
| 24M return (available history, up to 24M) | +452.93% |
| Annualised return | +226.47% |
| Annualised volatility | +60.28% |
| Sharpe ratio | 3.76 |
| Sortino ratio | n/m |
| Profit factor (monthly) | n/m |
| Maximum month-end drawdown | −0.57% |
| Correlation to Bitcoin | −0.08 |

## Event Repricing: monthly returns (%), 2024-11–2026-10, fixed capital, non-compounded

| Month | Strategy return (%) | Bitcoin return (%) | Source |
| --- | ---: | ---: | --- |
| 2024-11 | +6.73% | +37.19% | backtest |
| 2024-12 | +24.40% | −3.03% | backtest |
| 2025-01 | +38.59% | +9.44% | backtest |
| 2025-02 | +6.89% | −17.66% | backtest |
| 2025-03 | +41.54% | −2.11% | backtest |
| 2025-04 | +7.87% | +14.07% | backtest |
| 2025-05 | +21.74% | +11.07% | backtest |
| 2025-06 | +15.36% | +2.43% | backtest |
| 2025-07 | +7.89% | +8.04% | backtest |
| 2025-08 | 0.00% | −6.47% | backtest |
| 2025-09 | +12.69% | +5.34% | backtest |
| 2025-10 | +73.06% | −3.89% | backtest |
| 2025-11 | +44.50% | −17.56% | backtest |
| 2025-12 | +2.24% | −3.00% | backtest |
| 2026-01 | +33.79% | −10.16% | backtest |
| 2026-02 | +1.10% | −14.95% | backtest |
| 2026-03 | −0.57% | +1.95% | backtest |
| 2026-04 | +21.78% | +11.82% | backtest |
| 2026-05 | +14.10% | −3.48% | backtest |
| 2026-06 | +13.02% | −20.43% | backtest |
| 2026-07 | +10.65% | +7.26% | backtest |
| 2026-08 | +23.10% | +24.96% | backtest |
| 2026-09 | +24.38% | +6.40% | mixed |
| 2026-10 | +8.07% | −7.24% | live |

[Metric definitions](https://whycoinmoves.com/methodology.md) · [CSV](https://whycoinmoves.com/api/strategies/afterglow.csv)