Noon Barbari

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Crypto Overfitting Index

Every month our engine re-tests 10 classic strategy templates on 50 coins and splits each history 70/30. The index is the share of configurations whose out-of-sample Sharpe turned negative — how much of what backtests promise fails on data it never saw.

July 2026 reading

54.6

0 = every strategy held up out-of-sample · 100 = every strategy failed

History

MonthIndexOOS-positive shareMedian Sharpe haircut
July 202654.645.4%0.21

Methodology

Each month, every template × coin combination is backtested on daily bars since 2021 with default parameters, $10,000 and standard fees. The history is split chronologically 70/30; a configuration counts as failed when its out-of-sample Sharpe is ≤ 0. The index is the failed share, in percent. Same engine, same rules, every month — the level matters less than the trend.

Open data

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Free to quote and reprint with attribution (CC BY 4.0). Suggested wording:

Crypto Overfitting Index, Noon Barbari — https://noonbarbari.xyz/en/overfitting-index

Press: monthly readings are published automatically around the 1st. For questions or the underlying per-run data, see the open dataset or contact us.

Auto-generated from hypothetical backtests of the stated past periods. Educational statistics, not financial advice; past performance does not guarantee future results.