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Symphonies
Overbought or Oversold SPY else UVXY
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A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily, use a 10‑day “heat” score of the S&P 500. If it’s very hot (>80), rotate into UVXY to bet on a pullback. If very cold (<30), go aggressive with UPRO to bet on a rebound. Otherwise, stay in SPY.
NutHow it works
Each day it looks at how “hot” or “cold” the S&P 500 has been over the last 10 days using a 0–100 score called RSI. If the score is above 80 (very hot), it buys UVXY (a fund that jumps when fear spikes). If the score is below 30 (very cold), it buys UPRO (a 3x S&P 500 fund). Otherwise it holds SPY.
CheckmarkValue prop
Out-of-sample edge: ~34.1% annualized return vs 21.1% S&P, Calmar ~1.21, and solid risk-adjusted gain. Aims for higher upside through timing/volatility exposure, but drawdowns can be larger (~28% vs ~19%).

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Invest in this strategy
OOS Start Date
Jun 16, 2023
Trading Setting
Daily
Type
Stocks
Category
Tactical timing, rsi-based, s&p 500, leveraged etfs, volatility hedge, mean reversion
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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.

"Overbought or Oversold SPY else UVXY" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Overbought or Oversold SPY else UVXY" is currently allocated toSPY. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Overbought or Oversold SPY else UVXY" has returned 34.07%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Overbought or Oversold SPY else UVXY" is 28.17%. 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 "Overbought or Oversold SPY else UVXY", 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, crypto, and options.