NDW Model Competition Final Results

With the end of the third quarter the inaugural NDW Custom Model Competition has come to an end. With a gain of over 15% for the quarter, the CrewStonks model won the competition and will receive three months of Elite access to the NDW platform. An honorable mention goes to ACTFT, the only other entrant to outperform the S&P 500 over three months of the competition.

At the outset of the competition, we said that we would announce both an absolute and risk-adjusted winner, but as it turned out, the CrewStonks model was also the top performer on a risk-adjusted basis. Overall, it was a challenging period for trend-following models as technology stocks, semiconductors in particular, saw a significant drawdown early in the quarter only to turn around in a potential whipsaw trade.

We want to thank everyone who took part in the competition and made it a success. Stay tuned for details about our next competition will be forthcoming in the next few weeks.