Performance
Validated across multiple years and market conditions.
Developed, tested and validated across multiple years and varying market conditions on TSLA 15-minute intraday data.
View Pricing2025 Performance Graph
Annual Returns
Year by year.
Past performance is not indicative of future results.
All figures are backtest results on $30,000 starting capital.
| Period | ROE | Net Profit | Max DD | Profit Factor | Win Rate | Trades | RINA | Ret. Ratio |
|---|---|---|---|---|---|---|---|---|
| 2026 YTD | 41% | $12,356 | $2,896 | 1.47 | 44% | 138 | 3,791.84 | 32.08 |
| 2025 | 112% | $33,799 | $4,156 | 2.0 | 52% | 198 | 13,735.00 | 370.90 |
| 2024 | 51% | $15,448 | $3,568 | 1.57 | 41% | 204 | 3,393.67 | 39.65 |
| 2023 | 11% | $3,506 | $5,532 | 1.12 | 39% | 209 | 783.00 | 2.54 |
| 2022 | 29% | $8,708 | $8,772 | 1.22 | 44% | 217 | 2,159.96 | 4.77 |
2026 YTD data as of 28 August 2026
Full-year 2026 results, including Monte Carlo validation, will be published once the year closes on 31 December 2026.
Understanding RINA Index
RINA Index is a TradeStation performance metric that combines net profit, drawdown, and time spent in the market into a single risk-adjusted score: Net Profit ÷ (Average Drawdown × Percent Time in Market). Because it's calculated against time in the market as well as profit and drawdown, it specifically rewards strategies that are selective and risk-controlled — exactly the traits behind Urban Alpha's sub-2%-time-in-market discipline and contained drawdown profile. The widely-cited industry benchmark — originating from RINA Systems, the index's creator — considers a score of 30 or higher to indicate a good, efficient system. Even in 2023, Urban Alpha's most difficult year, the RINA Index (783.00) was roughly 26 times that benchmark; by 2025 it was over 450 times higher.
Understanding Return Retracement Ratio
Return Retracement Ratio measures annualised return relative to average drawdown — Average Annualised Return ÷ Average Maximum Retracement. TradeStation's own documentation describes it as a reward/risk alternative to the Sharpe Ratio, and specifically the recommended one: the Sharpe Ratio isn't calculated at all for intraday strategies like Urban Alpha, so Return Retracement Ratio is the actual risk-adjusted return metric that applies here. As with RINA Index, the higher the number, the more return the strategy generates per unit of downside risk — and as with every other metric on this page, 2023 is the low point (2.54), with 2025 the standout (370.90).
2025 Backtest
Full detail.
The 2025 backtest was run on TSLA 15-minute intraday data with $30,000 starting capital.
Robustness Validation
Monte Carlo.
Rather than relying on a single historical result, the strategy is subjected to thousands of randomised trade-sequence simulations to determine how it may behave under different conditions.
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