The best indicator for Coherent Corp. (COHR)
We backtested 382 indicators across daily, weekly and hourly charts on real Coherent Corp. (COHR) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Coherent Corp. (COHR) stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
Camarilla Pivots
On the daily chart, this is the strongest risk-adjusted edge we found for Coherent Corp. (COHR) over ~39.0 years — beating buy-and-hold by 22.0% CAGR.
Coherent Corp. (COHR) on the daily chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Coherent Corp. (COHR) — trailing buy-and-hold by 8.4% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Pivot Points (Standard) | Daily | 44.7% | 1.18 | -83.3% | 50.4% | 1406 | 26.3% |
| 2 | Fibonacci Pivots | Daily | 41.0% | 1.09 | -80.8% | 49.9% | 1518 | 22.7% |
| 3 | Camarilla Pivots ✓ | Daily | 40.4% | 1.07 | -78.7% | 48.3% | 1904 | 22.0% |
| 4 | Projection Bands ✓ | Daily | 20.4% | 0.67 | -72.6% | 58.6% | 360 | 2.0% |
| 5 | MA Envelope ✓ | Daily | 19.5% | 0.64 | -79.9% | 57.3% | 370 | 1.1% |
| 6 | Connors RSI ✓ | Daily | 17.2% | 0.63 | -65.1% | 57.1% | 434 | -1.2% |
| 7 | Connors RSI-2 ✓ | Daily | 14.1% | 0.56 | -66.6% | 57.1% | 422 | -4.3% |
| 8 | Ultimate Oscillator ✓ | Daily | 15.4% | 0.56 | -75.5% | 69.4% | 72 | -3.0% |
| 9 | VWAP Bands ✓ | Daily | 13.8% | 0.56 | -62.6% | 59.5% | 173 | -4.6% |
| 10 | Keltner Mean-Reversion ✓ | Daily | 12.7% | 0.55 | -56.3% | 67.8% | 121 | -5.7% |
| 11 | SMC: Change of Character ✓ | Daily | 15.5% | 0.54 | -78.1% | 58.2% | 91 | -2.9% |
| 12 | McGinley Dynamic ✓ | Weekly | 17.1% | 0.54 | -86.0% | 42.9% | 21 | -1.1% |
| 13 | McGinley 200 Trend ✓ | Daily | 15.3% | 0.53 | -91.8% | 13.3% | 30 | -3.1% |
| 14 | QQE ✓ | Weekly | 16.6% | 0.53 | -81.8% | 45.8% | 120 | -1.6% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Coherent Corp. (COHR)
1 of 705 tested setups beat buy-and-hold on Coherent Corp. (COHR) outright. Another 140 could get there with leverage they would survive — but 535 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| QQE | 1 | 1.19× | 1.35× |
| Momentum (50) | — | 1.24× | 1.86× |
| DeMarker (7) | — | 1.34× | 1.67× |
| Vortex (7) | — | 1.36× | 1.82× |
| Disparity Index | — | 1.49× | 1.88× |
| Pretty Good Oscillator | — | 1.49× | 1.88× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For Coherent Corp. (COHR), Camarilla Pivots on the daily timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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