Systems tested
12-month momentum on Netflix: $1,000 → $5,688, and the catch
Since 2017, 12-month momentum would have turned $1,000 into $5,688 on Netflix.
2012.
Three finance professors tested one rule on dozens of markets.
They called it time-series momentum.
The rules
Check. Once a month, is the price higher than 12 months ago?
In. Higher: be long, with the whole account. Lower: sell, and go short.
Nothing else. No stop. The paper also sized each market by its risk; here, the whole account.
Daily candles · Mar 2017 – Nov 2026 · fees 0.1% a trade included
What we found
$1,000 on NFLX, 2017
$5,688
Just holding
+352%
Beat just holding, all 29 markets
2 of 29
Smaller worst drop than holding
12 of 29
Free account
The full test
Every market, the whole period against just holding, and after the cut: the original, the change, holding. Plus all 18 changes.
Sign in free to see all 29 markets and all 18 changes. Just your email, no card.
See the full test →A setup is a starting point, not a verdict.
Other candles, stops, filters, your own coin: test every change on real data, before you risk a cent.
Past results, measured on real data with fees included. No promise of future returns. This is not investment advice.