Research Archive
Previous methodology retained for documentary continuity.
Current Main Report: A103 R1
The current R1 presentation uses monthly reversible model maximum contract limits, retained component gains and a floor on the sizing multiplier, not on open positions. Actual utilisation can be lower, including zero. The initial split is 75/25, with no target-weight rebalancing or annual reset.
Archive — Fixed Reference Capital
Previous research study, without reinvestment into the sizing of positions. This document is retained at its original address for continuity; it is not the current R1 report. Its own version, reporting date and methodology remain unchanged.
How to Read the Archive
The earlier study measures model P&L relative to fixed reference capital, without increasing position size through reinvestment. It remains a distinct research scenario, not an older edition of the same R1 portfolio calculation.
R1 and the fixed-capital archive apply different sizing policies. Monthly returns, annual totals, CAGR, volatility and drawdowns must be read within the methodology of each document and must not be combined into one performance series.
Both documents present research simulations. Their respective calculation bases and assumptions remain in each edition.