Performance Ratios Tab Guide

~6 min – the risk-adjusted truth serum that finally answers “Am I actually good… or just lucky in a bull run?” with numbers the market can’t argue with

You’ve seen raw PnL bleed out in Calendar Analytics. You’ve watched behavioral leaks get named in Performance Breakdown. You’ve dissected exits in PEE Analytics.

Now open Performance Ratios (third tab in CharterElite, BarChart3 icon).

This tab doesn’t care about your feelings, your story, or your “this was just one bad month.” It computes institutional-grade risk-adjusted metrics—Sharpe, Sortino, Calmar, VaR/CVaR, skewness, kurtosis, and more—across your filtered completed trades, then layers correlation analysis to show exactly which entry/exit behaviors, regimes, exit quality tiers, and position-management styles correlate with better (or worse) ratios.

No fluff. Just math that separates skill from noise.

Where to Find It

• Sidebar → CharterElite
• Third tab → Performance Ratios (BarChart3 icon)
• Expand tab help accordion (top) for definitions + pro benchmarks (Sharpe >1 good, >2 elite; Profit Factor >1.5 strong; Calmar >1 good)

Filters – Your First Reality Scalpel

Top card: controls what trades feed every metric/chart below:

• Portfolio — All or single
• Setup — Multi-select (or none = all)
• Side — LONG / SHORT / Both
• From / To — Date range (exit_date or fallback date)

Only completed trades pass through. Change filters → entire tab recomputes instantly.

Key Metrics (Top 5 Cards – Instant Verdict)

Five large MetricCards at top (real data, color-coded):

• Expectancy — Avg PnL per trade (>0 = edge)
• Sharpe Ratio — Risk-adjusted return (≥1 green, ≥2 elite)
• Profit Factor — Gross profit ÷ gross loss (>1.5 strong)
• Max Drawdown — Peak-to-trough drop (less negative = better)
• Win Rate — % winners (≥60% green, 50–60 warning)

Each card shows value + short definition on hover. Colors: green = healthy, yellow = warning, red = danger.

Performance Insights – Auto-Generated Takeaways

Bullet list below metrics:

• Suggestion — e.g. “Need 30–50+ trades for reliable ratios” (if count low)
• Positive — e.g. “Strong expectancy + profit factor >1.8 → solid edge”
• Warning — e.g. “Low win rate + low payoff → death by small wins/big losses”
• Critical — e.g. “Negative expectancy → strategy bleeding capital”

Generated by `generateInsights(ratios, tradeCount)` — updates live with filters.

Return Distribution Histogram

Below insights: histogram of realized R per trade (only finite/non-zero R included).

• Shape tells the story:
• Right-skewed + fat positive tail = big winners, small losers (ideal)
• Left-skewed = small wins, big losses (death spiral)
• Symmetric = coin flip (no edge)

Use this to spot outliers (massive R wins/losses) and confirm payoff asymmetry.

Metric Groups – Thematic Deep Dives

Five card groups (medium MetricCards):

1. Profitability & Reward

Win Rate, Profit Factor, Payoff Ratio, Expectancy, Avg Win, Avg Loss, Avg R-Multiple

1. Risk-Adjusted Performance

Sharpe, Sortino, Calmar

1. Drawdown & Tail Risk

Max Drawdown, 95%/99% VaR, 95%/99% CVaR

1. Return Distribution Characteristics

Skewness, Kurtosis

1. Activity & Sample Size

Trade Count

Colors follow rules (e.g. Sharpe ≥1 green, Profit Factor ≥1.5 green, Max DD less negative = better, Skewness >0 green, Kurtosis >3 green).

Correlation Analysis – Conditional Power Blocks

Four CorrelationChart blocks appear only if each group has ≥8 trades (otherwise hidden):

1. Performance by Entry/Exit Taxonomy

Groups by entry/exit tags (e.g. “PDH”, “Early Take Profit”) → Sharpe/Sortino/Calmar/Profit Factor/Win Rate per tag

1. Performance by Exit Quality

High (≥60), Medium (40–59), Low (<40) tiers → same ratios per tier

1. Performance by Market Regime

Bull/Bear/Sideways/High Vol/etc. → ratios per regime

1. Performance by Position Management

Scaled In/Out (multiple entries/exits) vs Single → ratios per style

Each chart shows bar or line comparison across groups. Use to spot:

• Which entry trigger correlates with highest Sharpe
• Whether high Exit Quality Score really delivers better ratios
• Regime where your edge vanishes
• Scaled vs single management impact

Quick Workflow – Institutional Reality Check

1. Open Performance Ratios → set filters (e.g. last 6 months, one portfolio, key setups)
2. Read Key Metrics + Insights → instant health snapshot
3. Check Return Distribution Histogram → shape + outliers
4. Scroll Metric Groups → drill profitability, risk-adjusted, tail risk
5. Wait for ≥8 trades per group → unlock Correlation Charts → see which behaviors/regimes drive best ratios
6. Action: low Sharpe + poor Exit Quality correlation? → back to PEE Analytics for rule sims
7. Low Calmar + high drawdown? → cross to Drawdown tab for waterfalls

Quick Reality Checks

• Trade count <30? → Ratios noisy—wait or widen range
• Negative expectancy + low Sharpe? → Edge is illusion—audit setups
• Skewness <0 + high kurtosis? → Fat negative tails = blow-up risk
• Correlation charts hidden? → Need 8+ trades per group (tag taxonomy/regime harder)
• All green? → Rare. Protect it—check Evolution for sustainability

Next: Episode 26 – Full Flywheel Mastery: Integrating Weekly Alpha → Calendar Analytics → CharterElite (Performance Ratios, PEE, Exit DNA) → Council (Kill List, Reality Check, Setup DNA) → Evolution into the closed-loop compounding system that turns monthly audits into weekly micro-kills and quarterly A-grade upgrades—without ever increasing risk % or chasing new shiny setups.

Or open CharterElite → Performance Ratios right now. Set last 6 months, your main portfolio.

Look at Sharpe and Calmar.

If they’re red or yellow, your edge isn’t as real as your ego thinks.

Now scroll to Correlation Analysis (if unlocked).

See which regime or exit tier tanks your ratios?

That’s your next kill target.

The numbers don’t negotiate. They indict.

Time to serve the sentence.

One filter. One insight. One fix.

Make the ratios green.

Your future self will thank you. 😈