Help with understanding Alpha in Profit Report
#1
Hi all,

To my understanding, the Alpha metric reflects how a strategy performs against the market but I still have some difficulties interpreting the following:

Profit report
Start balance
0.38469

Current balance
0.41706

Market
0.00087 ETH (2.74146 %)

Profit
0.03237 ETH (8.41522 %)

Alpha
-2.70908 ETH


So initially I would assume that my strategy outperforms the market quite nicely, but I still end up with a negative Alpha.

Can someone please shed some light on this?

Thanks in advance!

Cheers,
Wilbert
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