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The TK Alpha Gauge is a proprietary, comprehensive daily updated indicator developed by Tradingkey that reflects our outlook on specific financial instruments. Utilizing a long-proven AI framework, the index analyzes hundreds of proprietary price-volume, fundamental, and alternative data predictors. Values range from -100 to 100. Negative values signify a bearish (pessimistic) outlook, while positive values indicate a bullish (optimistic) stance. The further the value from zero, the stronger the quantitative signal. It provides quantitative insight into directional forecasts.
The Alpha Score indicates mixed or insufficient market conviction. The strategy remains flat or maintains only limited exposure until a clearer directional signal emerges.
Historical Return
TradingKey Macro Alpha Signal combines multiple independent sources of market information into a single daily Alpha Score. It transforms multi-factor market data—including macroeconomic indicators, technical analysis, price trends, volatility, and market-regime data—into clear quantitative trading signals for each supported asset.
The Alpha Score indicates both the expected market direction and the recommended level of exposure for the next trading day. Based on statistical evidence and predefined risk controls, the score is mapped to a clear long, flat, or short position.
Macro Alpha Signal currently supports selected exchange-traded funds (ETFs) and representative market assets, including QQQ, SPY, gold, silver, BTC, and ETH, across equities, commodities, and cryptocurrencies. View these multi-asset insights in one place to inform your market timing strategy.
A daily TK Alpha Score ranging from -100 to +100, reflecting the strategy's directional conviction and target market exposure.
A positive score indicates long exposure, a negative score indicates short exposure, and a score near zero indicates a flat position.
The Alpha Score is recalculated once per trading day after all required market and factor data become available.
Strategy performance is presented alongside an appropriate benchmark. The reporting framework includes:
- Strategy and benchmark cumulative-return curves
- Total strategy return
- Latest daily return
- Annualized return
- Sharpe ratio
These measures allow users to assess both absolute performance and risk-adjusted results.
The backtest begins in 2018 and covers supported instruments across equities, precious metals, and cryptocurrencies.
Signals are generated daily and implemented with a one-trading-day delay, excluding transaction costs, slippage, financing, borrowing costs, and market impact.
Strategy exposure ranges from -10× to +10×, subject to asset-specific leverage and risk controls.
The strategy combines several independent sources of market information into a single daily Alpha Score.
It evaluates factor, macroeconomic, technical, trend, volatility, and market-regime evidence. The aggregated signal then passes through asset-class-specific scaling and risk controls before the resulting position is applied with a one-trading-day delay.
Price, volume, fundamentals, macroeconomic indicators, alternative data, technical signals, and market-regime information.
A daily score ranging from -100 to +100, representing the direction and strength of the strategy's conviction.
The Alpha Score is mapped to long, neutral, short, or leveraged exposure according to predefined score ranges and applicable risk controls.
Performance is monitored using strategy return, daily return, annualized return, annualized volatility, and Sharpe ratio.
These questions support search intent while keeping the live board as the primary product experience.
Macro Alpha Signal is provided for informational and research purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instrument. Alpha Scores, trading signals and strategy performance are generated using quantitative models, historical data and backtested assumptions; they do not represent actual trading results and may not reflect future market conditions.
Signals are updated once daily after the required market and factor data become available; they are not real-time and may not reflect intraday market movements until the next scheduled update. Update timing may vary because of data availability, processing delays, market calendars or system interruptions.
Past performance and backtested results do not guarantee future results. Actual outcomes may differ materially due to execution delays, transaction costs, bid-ask spreads, slippage, financing and borrowing costs, liquidity constraints, data errors, model limitations, leverage limits, short-selling restrictions and other risk controls.
Long, short and leveraged exposure can amplify losses as well as gains and may result in the loss of some or all invested capital. Users should independently assess the methodology, assumptions, benchmark and risks, and consider their own investment objectives and risk tolerance before making any trading decision.
