Mcdonalds and the Unemployment Rate by Sairaj Patil

Sairaj Patil INVESTOR

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Hey guys,

Pretty much the first backtest, algorithm I wanted to try out. Mcdonalds and the unemployment rate had a pretty high correlation, after I performed a linear regression.

I was following Jared's tutorial on unemployment rate on youtube and pretty much picked up a bunch from there. Thanks a ton Jared Broad and special thanks to Jovad Uribe for getting me hooked to QuantConnect.

I want to modify this and see if I can come up with specifics during the recession, pandemic etc although I'm not too sure I'll be able to trade positively between March, April. Once I do I'll update this thread

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Sairaj Patil

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Shile Wen

63.5k ,

Hi Sairaj,

This is really interesting! The data goes to March 1st, but the recession really hit hard in mid-March, so the unemployment rate doesn’t update. I think it would be interesting to see the algorithm’s performance with updated data, so I’ve updated the data and re-ran the backtest. The drawdown is still roughly the same, but the CAGR increased slightly.

Best Regards,
Shile Wen

Sairaj Patil INVESTOR

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