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Symphonies
NOVA | IBIT RSI TMF WGMI checks
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Buys Bitcoin on sharp dips. If rates just spiked (seen via a big TMF drop), buys the most beaten‑down crypto‑miners/crypto‑stocks instead. If neither, parks in T‑bills. Rebalanced daily with 10‑day signals.
NutHow it works
1) If IBIT (a Bitcoin ETF) looks short‑term “oversold” by RSI—a 0–100 gauge of recent price drop; below 32 means it fell fast—buy IBIT. 2) Else, if TMF (3x long Treasuries) plunged ≥10% in 10 days—a sign yields spiked—buy the more beaten‑down of WGMI (Bitcoin miners) or BLOK (crypto stocks). 3) Else, hold BIL (T‑bills). Rebalances daily.
CheckmarkValue prop
Out-of-sample annualized return about 25.1% vs SPY’s 20.4%, Calmar near 1 and beta ~0.75. Strong, risk-aware growth with lower market sensitivity, despite occasional larger drawdowns.

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Invest in this strategy
OOS Start Date
Sep 10, 2024
Trading Setting
Daily
Type
Stocks
Category
Crypto, tactical, mean reversion, rate-spike signal, bitcoin, miners, risk-on/risk-off, daily rebalance
Tickers in this symphonyThis symphony trades 5 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
BLOK
Amplify Blockchain Technology ETF
Stocks
IBIT
iShares Bitcoin Trust ETF
Stocks
TMF
Direxion Daily 20+ Year Treasury Bull 3X ETF
Stocks
WGMI
Valkyrie ETF Trust II CoinShares Bitcoin Mining ETF
Stocks

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

"NOVA | IBIT RSI TMF WGMI checks" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"NOVA | IBIT RSI TMF WGMI checks" is currently allocated toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "NOVA | IBIT RSI TMF WGMI checks" has returned 24.75%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "NOVA | IBIT RSI TMF WGMI checks" is 25.26%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in "NOVA | IBIT RSI TMF WGMI checks", simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, and options.