Over 1990 to 2025 (36 years of data), XAGHKD has tended to move long between 09.07 and 01.08, closing higher in 47.2% of those years for an average +1.00% move and an annualized Sharpe of 0.64.
| Window | Dir | Win rate | Avg return | Sharpe | Years |
|---|---|---|---|---|---|
| 09.07 → 01.08 | Long | 47.2% | +1.00% | 0.64 | 36 |
| 13.07 → 02.09 | Short | 47.2% | +0.76% | 0.22 | 36 |
| 13.07 → 26.08 | Short | 47.2% | +0.16% | 0.06 | 36 |
| 07.07 → 02.08 | Long | 44.4% | +1.91% | 0.67 | 36 |
| 07.07 → 01.08 | Long | 44.4% | +1.84% | 0.65 | 36 |
| 07.07 → 03.08 | Long | 44.4% | +1.70% | 0.59 | 36 |
| 09.07 → 02.08 | Long | 44.4% | +1.09% | 0.67 | 36 |
| 10.07 → 01.08 | Long | 44.4% | +1.08% | 0.75 | 36 |