The best indicator for Coherent Corp. (COHR)
We backtested 366 indicators across daily, weekly and hourly charts on real Coherent Corp. (COHR) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Camarilla Pivots
On the daily chart, this is the strongest risk-adjusted edge we found for Coherent Corp. (COHR) over ~38.7 years — beating buy-and-hold by 21.5% CAGR.
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 | 45.0% | 1.19 | -83.3% | 50.5% | 1389 | 25.6% |
| 2 | Fibonacci Pivots | Daily | 41.5% | 1.1 | -80.8% | 50.0% | 1501 | 22.1% |
| 3 | Camarilla Pivots ✓ | Daily | 40.9% | 1.08 | -78.7% | 48.2% | 1884 | 21.5% |
| 4 | Projection Bands ✓ | Daily | 19.8% | 0.66 | -72.6% | 58.3% | 355 | 0.4% |
| 5 | MA Envelope ✓ | Daily | 19.5% | 0.64 | -79.9% | 57.3% | 365 | 0.2% |
| 6 | Connors RSI ✓ | Daily | 17.5% | 0.63 | -65.1% | 57.2% | 430 | -1.9% |
| 7 | VWAP Bands ✓ | Daily | 14.4% | 0.57 | -62.6% | 59.9% | 172 | -5.0% |
| 8 | Connors RSI-2 ✓ | Daily | 14.2% | 0.56 | -66.6% | 56.9% | 418 | -5.2% |
| 9 | Ultimate Oscillator ✓ | Daily | 15.6% | 0.56 | -75.5% | 69.4% | 72 | -3.8% |
| 10 | McGinley Dynamic ✓ | Weekly | 18.1% | 0.56 | -86.0% | 42.9% | 21 | -1.1% |
| 11 | QQE ✓ | Weekly | 17.6% | 0.55 | -81.8% | 44.9% | 118 | -1.6% |
| 12 | McGinley 30 Trend ✓ | Weekly | 17.6% | 0.55 | -84.5% | 25.0% | 16 | -1.6% |
| 13 | McGinley 100 Trend ✓ | Daily | 15.9% | 0.54 | -93.9% | 16.7% | 36 | -3.4% |
| 14 | McGinley 200 Trend ✓ | Daily | 16.2% | 0.54 | -91.8% | 13.3% | 30 | -3.1% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
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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