Event-Driven
Event Echo
An event-driven crypto strategy based on the evolution of market reactions to new information. Activity varies, and some months can remain flat.
- 12-month return
- +102%
- Sharpe
- 2.90
- Max drawdown
- −14.5%
- Corr. to BTC
- 0.18
24 months: +190%
Annualised, monthly
Month-end
Beta 0.13
- 1M
- −0.5%
- 3M
- +28.5%
- 6M
- +49.5%
- 12M
- +102%
- 24M
- +190%
- Record
- 1 live · 1 mixed · 22 backtest months
Performance
Live Backtest · Through Oct 2026 · cumulative is on fixed capital (months add).
Performance and risk metrics
Last 24 months (Nov 2024 to Oct 2026), from monthly returns on fixed capital; risk-free rate 0%. Definitions.
Over this 24-month window, Event Echo returned +101.9% over 12 months and +190.3% over 24 months on fixed capital, with an annualised return of +95.2%, annualised volatility of 32.9%, Sharpe ratio of 2.90, and maximum month-end drawdown of −14.5% (21 active months, 86% positive).
Return and risk
- Annualised return
- +95.2%
- Annualised volatility
- 32.9%
- Sharpe ratio
- 2.90
- Sortino ratio
- 9.08
Mean monthly return × 12
Std. dev. of monthly returns × √12
Return per unit of total volatility
Return per unit of downside volatility
Drawdown
- Max drawdown
- −14.5%
- Calmar ratio
- 6.58
- Longest drawdown
- 1 month
- Worst month
- −14.5%
Largest fall from a month-end peak
Annualised return ÷ max drawdown
Month-ends spent below a prior peak
Best month +24.3%
Consistency and market exposure
- Positive months
- 86%
- Profit factor
- >10
- Correlation to BTC
- 0.18
- Beta to BTC
- 0.13
Of 21 months with trades
Sum of gains ÷ sum of losses
Monthly, vs Bitcoin buy and hold
Return change per 1% Bitcoin move
Live versus backtest
- Live or mixed months
- 2
- Live/mixed average month
- +7.59%
- Backtest average month
- +7.96%
Includes mixed backtest/live months
Mean of live and mixed months
Mean of earlier backtest months
2 live or mixed months are far too few to confirm or reject the backtest; this updates every month.
Month-end figures hide losses inside a month: open positions can be deeper underwater than any monthly number here. Studies how markets incorporate new information and adjust expectations around events.
Month by month
Newest first| Month | Event Echo | Bitcoin | Source |
|---|---|---|---|
| Oct 2026 | −0.46% | −7.24% | live |
| Sep 2026 | +15.64% | +6.40% | backtest + live |
| Aug 2026 | +13.30% | +24.96% | backtest |
| Jul 2026 | +8.13% | +7.26% | backtest |
| Jun 2026 | +16.15% | −20.43% | backtest |
| May 2026 | −3.21% | −3.48% | backtest |
| Apr 2026 | +20.39% | +11.82% | backtest |
| Mar 2026 | +9.39% | +1.95% | backtest |
| Feb 2026 | 0.00% | −14.95% | backtest |
| Jan 2026 | +4.86% | −10.16% | backtest |
| Dec 2025 | +1.90% | −3.00% | backtest |
| Nov 2025 | +15.83% | −17.56% | backtest |
Show 12 earlier months
| Month | Event Echo | Bitcoin | Source |
|---|---|---|---|
| Oct 2025 | +24.19% | −3.89% | backtest |
| Sep 2025 | +24.35% | +5.34% | backtest |
| Aug 2025 | −14.46% | −6.47% | backtest |
| Jul 2025 | +0.99% | +8.04% | backtest |
| Jun 2025 | +8.05% | +2.43% | backtest |
| May 2025 | +1.61% | +11.07% | backtest |
| Apr 2025 | +9.62% | +14.07% | backtest |
| Mar 2025 | +3.07% | −2.11% | backtest |
| Feb 2025 | +14.41% | −17.66% | backtest |
| Jan 2025 | 0.00% | +9.44% | backtest |
| Dec 2024 | 0.00% | −3.03% | backtest |
| Nov 2024 | +16.59% | +37.19% | backtest |
Research on event-driven markets
Studies of the same market area. They describe the market, not Event Echo’s rules.
- Data studyDoes crypto news move prices or follow them? A timestamp auditRead →
- Data studyCrypto liquidity and order book depth: a historical data auditRead →
- Data studyDoes high trading volume predict crypto volatility? 41 coins testedRead →
- Data studyCrypto listing and delisting effects: an OKX price studyRead →
Run Event Echo yourself
The rules, sizing and execution notes are shared with approved subscribers. Run it in your own account on a major crypto exchange.