canada stocks
Canada's Best Deleveraging Result Is a Risk Story, Not a Return Story
The TSX produces the best risk-adjusted result of any exchange we tested. Sharpe 0.383. Down capture 48.75%. Max drawdown -42.51%, lower than SPY's -45.53% over the same period. Contents 1. The Strategy 2. Results 3. Why Resource Economies Reward Deleveraging 4. The Strong Periods