Model audit / 2026-08-25
What 52,777 replay rows said about stock selection versus QQQ
Positive raw averages did not become reliable excess return. Filter expansion increased activity more than evidence of alpha.
Original experiments, methods and negative results that change how we evaluate ETF decisions.
Positive raw averages did not become reliable excess return. Filter expansion increased activity more than evidence of alpha.
Data dates, entry assumptions, benchmark definitions and negative results belong beside every conclusion.