In Composer’s Discover section, you can explore our growing collection of ready-made symphonies.
Symphonies in the collection are sorted into categories. All of the symphonies within a category share an underlying principle or theme.
As an example, Momentum symphonies are based on an underlying principle that assets that have recently been doing well will continue to do well, while those that have recently been doing poorly will continue to do poorly. In fewer words: buy winners, sell losers.
To find out more about a symphony, open it up. Let’s check out the Quint Switching symphony as an example. The symphony fact sheet shows how a symphony works and includes a backtest -- a model of how the symphony would have performed in the past using historical data.
The Quint Switching symphony is made up of five popular ETFs (exchange-traded funds). Every month, this symphony holds the one ETF with the best performance over the past three months -- this corresponds to 60 trading days.
This symphony uses a momentum strategy. It picks winners -- the assets that have been performing the best over the past 3 months -- and sells losers -- the assets that are no longer performing well.
In the backtest, you can see the symphony’s hypothetical performance modeled using historical data over the entire span of time the assets making up the symphony have existed.
You can see metrics on the symphony’s performance over this period, like the annualized return -- how much the investment would’ve made on average per year, assuming the return was compounded -- and the Sharpe ratio -- a measure of risk-adjusted return.
You can change the time period of the backtest by using the date selector or time period presets at the top of the graph.
If you’d like to see more performance metrics for the symphony and the benchmark, open up the Detailed Performance Metrics section.
Once you’ve checked out the symphony and if you decide you’re interested in it, you have a few possible next steps.
If you’d like to follow the symphony to see how it performs in real time, click Follow and the symphony will be added to your Follow list. You can find out more about this function in the Follow tutorial. If you’re ready to put money toward this symphony, click “Invest”. To find out more, check out the Invest tutorial.
If the symphony inspires you but you’d like to make some changes to it, click “…” to see more options, then select Edit a Copy to copy the symphony into your account and make changes to it in the Symphony Editor. You could also select Copy to Drafts to make a copy of the symphony to edit later. Check out the Create tutorial to learn the basics of symphony creation.
If you make changes to a symphony that you copied into your account, those changes will remain private only in your account.