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Rate-of-change momentum vs one-month momentum: which is more honest?

Two textbook strategies, one honest scoreboard — same data, same five tests.

Rate-of-change momentum
73.3
PLAUSIBLE BUT FRAGILE

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One-month momentum
79.9
PLAUSIBLE BUT FRAGILE

Full verdict →

The verdict

Tested on survivorship-free NIFTY & BANKNIFTY data over ~2 decades, one-month momentum scored higher on honesty (79.9/100). That means its backtest survives statistical scrutiny better — not that it will make you money. Most popular strategies score similarly mediocre; the honest move is to test your exact version.

Score your own version of either — free.

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Educational, not financial advice. An honest backtest score measures whether a result survives statistical scrutiny — it does not predict future profit, and is not a buy or sell signal. · About · FAQ · All strategies