Mcdonalds and the Unemployment Rate

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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 

Update Backtest








 
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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

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


Update Backtest





0

The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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