PT - JOURNAL ARTICLE AU - Campbell R. Harvey AU - Yan Liu TI - Evaluating Trading Strategies AID - 10.3905/jpm.2014.40.5.108 DP - 2014 Sep 30 TA - The Journal of Portfolio Management PG - 108--118 VI - 40 IP - 5 4099 - https://pm-research.com/content/40/5/108.short 4100 - https://pm-research.com/content/40/5/108.full AB - In this article, the authors provide some new tools to evaluate trading strategies. When it is known that many strategies and combinations of strategies have been tried, it is necessary to adjust our evaluation method for these multiple tests. Sharpe Ratios and other statistics will be overstated. The methods provided by the authors in this article are simple to implement and allow for the real-time evaluation of candidate trading strategies.TOPICS: Financial crises and financial market history, accounting and ratio analysis, statistical methods