loss episodes    longest    days to recover
strategy	CAGR	Sharpe	Beta	UI    worse than-9.99% recovery   % Slower than SPY	  Slower than NDX
Overlap	        28.4%	0.87	0.82	15.61	46	        757days	67.4%	                   58.7%
Entry filter	29.3%	0.89	0.81	15.42	46	        757d	63.0%	                   56.5%
Entry + exit	31.8%	0.93	0.81	15.04	47	        800d	68.1%	                   59.6%
9m Momentum 5	18.3%	0.67	0.82	25.61	36	        606d	75.0%	                   58.3%
PHL180day 5	23.4%	0.85	0.74	16.89	34	       1131d	82.4%	                   70.6%
SPY	         7.9%	0.49	1.00	16.22	8	       1020d	—	                   62.5%
NDX	         7.5%	0.40	1.21	44.61	15	       3292d	60.0%	                     —