Comparison of values for Max DD and P&L-to-MAP between the Gen-AS model and the Alpha-AS models (αAS1 and αAS2).

The “Sign comparison of value differences” side of the table (right) highlights in green (Alpha-AS “better”) the test days for which the respective Alpha-AS models performed worse on Max DD but better on P&L-to-MAP relative to the Gen-AS model, the latter being the more desirable indicator in which to perform well (since maximizing the P&L profile is the central point of the AS method). Conversely, test days for which the Alpha-ASs did worse than Gen-AS on P&L-to-MAP in spite of performing better on Max DD are highlighted in red (Alpha-AS “worse”).