Country-Level Alpha vs PnL Regression Analysis

Overview

This report analyzes the relationship between alpha signals and realized PnL for each country.

Total Countries Analyzed: 13

Average R² (All Data): 0.024

Countries with Positive Slope (All Data): 2 / 13

Average R² (No Outliers): 0.024

Countries with Positive Slope (No Outliers): 0 / 13

Regression Results by Country

Country Slope Intercept R² Correlation Observations Total PnL Total Alpha
AU -0 17,969 0.002 -0.039 199 $1,988,287 $1,329,858,940
CN -0 133,389 0.014 -0.119 199 $-2,821,200 $12,846,220,962
HK -0 29,532 0.001 -0.032 199 $3,978,545 $1,738,492,790
ID -0 4,091 0.020 -0.140 199 $79,798 $64,682,055
IN -0 2,068 0.002 -0.045 183 $-212,929 $614,580,726
JP -0 94,230 0.029 -0.171 199 $-692,608 $5,758,885,547
KR -0 48,813 0.047 -0.216 73 $-1,776,255 $476,268,630
MY -0 -288 0.071 -0.267 199 $-98,170 $1,375,863
NZ -0 18,257 0.079 -0.281 199 $72,566 $203,362,982
PH 0 36 0.006 0.078 175 $30,027 $8,179,771
SG -0 12,320 0.020 -0.142 199 $188,103 $194,443,278
TH -0 25,928 0.015 -0.124 199 $1,357,774 $805,557,671
TW 0 13,233 0.000 0.004 199 $2,773,049 $1,650,905,612
AU -0 21,721 0.005 -0.069 186 $2,055,519 $1,216,653,172
CN -0 147,166 0.019 -0.137 194 $-497,686 $12,518,681,669
HK -0 27,580 0.002 -0.045 146 $1,508,661 $865,399,793
ID -0 -200 0.012 -0.108 168 $-394,576 $57,038,844
IN -0 4,450 0.017 -0.132 153 $63,003 $436,561,591
JP -0 71,915 0.032 -0.180 187 $-1,408,761 $5,365,983,706
KR -0 43,713 0.049 -0.222 71 $-1,714,442 $458,902,108
MY -0 524 0.032 -0.180 188 $102,969 $-234,880
NZ -0 7,045 0.009 -0.095 177 $453,860 $169,753,734
PH -0 -82 0.047 -0.216 137 $-37,281 $2,937,146
SG -0 9,379 0.028 -0.168 162 $-13,140 $142,084,130
TH -0 10,093 0.002 -0.048 184 $764,024 $699,890,592
TW -0 96,658 0.061 -0.246 142 $1,369,758 $837,273,265

Regression Scatter Plots

Country Regression Scatter Plots

Time Series Analysis

Country Time Series

Regression Results by Country (Outliers Removed)

Country Slope Intercept R² Correlation Observations Outliers Removed Total PnL Total Alpha
TW -0 96,658 0.061 -0.246 142 57.0 $1,369,758 $837,273,265
KR -0 43,713 0.049 -0.222 71 2.0 $-1,714,442 $458,902,108
PH -0 -82 0.047 -0.216 137 38.0 $-37,281 $2,937,146
JP -0 71,915 0.032 -0.180 187 12.0 $-1,408,761 $5,365,983,706
MY -0 524 0.032 -0.180 188 11.0 $102,969 $-234,880
SG -0 9,379 0.028 -0.168 162 37.0 $-13,140 $142,084,130
CN -0 147,166 0.019 -0.137 194 5.0 $-497,686 $12,518,681,669
IN -0 4,450 0.017 -0.132 153 30.0 $63,003 $436,561,591
ID -0 -200 0.012 -0.108 168 31.0 $-394,576 $57,038,844
NZ -0 7,045 0.009 -0.095 177 22.0 $453,860 $169,753,734
AU -0 21,721 0.005 -0.069 186 13.0 $2,055,519 $1,216,653,172
TH -0 10,093 0.002 -0.048 184 15.0 $764,024 $699,890,592
HK -0 27,580 0.002 -0.045 146 53.0 $1,508,661 $865,399,793

Regression Scatter Plots (Outliers Removed)

Country Regression Scatter Plots No Outliers

Individual Country Reports

Click on any country name in the table above to view detailed analysis including:

Generated: 2025-07-11 10:01:53