Backtesting Arena

Backtesting Arena

Market-Intelligence Glossary

92 terms behind every knowledge object — defined, with the calculation shown. Explainable, not a trading signal.

Altcoin

Gem Correlation Score→
Gem Score→
Gem Technical Score→
Gem Valuation Score→

Composite

Market Briefing→

Correlation

Asset Correlation→
Dollar Correlation→
Equity Correlation→
Gold Correlation→
Regime-Conditional Correlation→

Cycle

Bitcoin Cycle Position→
Business Cycle→
Halving Cycle Position→

Edge

Deflated Sharpe Ratio→
Edge Sample Size→
Filter Delta (CAGR)→
Strategy Edge→

Financial Conditions

Financial Conditions→

Flows

ETF Cumulative Flow→
ETF Flow Momentum→
ETF Net Flow→

Inflation

Inflation Regime→

Liquidity

Crypto Liquidity→
Liquidity→

Live

Backtest–Live Gap→
Live Proof→
Live Sample→

Market Structure

Altcoin Dominance→
BTC Dominance→
Institutional Absorption→
Market Structure→
Mining Difficulty Trend→
Stablecoin Dominance→
Swing High→
Swing Low→

Momentum

Pi Cycle Bottom→
Pi Cycle Top→
Weekly RSI→

Onchain

Difficulty Adjustment→
Hash Ribbon→
Hash-Rate Momentum→
Long-Term-Holder SOPR→
Mega-Whale Supply (≥10k BTC)→
Miner State→
Short-Term-Holder SOPR→
SOPR→
Spending Behaviour→
Supply Distribution→
Whale Supply (≥1k BTC)→
Wholecoiner Supply (≥1 BTC)→

Options

Max Pain→
Put/Call Ratio→
Spot–Max-Pain Gap→

Probability

Drawdown Probability→
Forward Return Quantile→
Positive Return Rate→
Return Probability→

Regime

Altcoin Season→
Crisis→
Late-Cycle Warning→
Macro Regime→
Recovery→
Sweet Spot→

Risk

Risk Appetite→

Scoring

Arena Consistency Component→
Arena Efficiency Component→
Arena Return Component→
Arena Sample-Size Component→
Arena Score→

Sentiment

Fear & Greed→

Similarity

Analogue Forward Return→
Analogue Hit Rate→
Historical Analogue→
Similarity Distance→

Strategy

Regime Sensitivity→
Strategy Breadth→
Strategy DNA→
Strategy Market Fit→
Strategy Timeframe Fit→

Valuation

200-Week Moving Average→
Mayer Multiple→
MVRV Z-Score→
On-Chain Valuation→
Price / Cost of Production→
Price / Realized Price→
Puell Multiple→

Volatility

Average True Range→
Implied Volatility (DVOL)→
IV Rank→
Realized Volatility (30d)→
Variance Risk Premium→
Volatility Phase→