Challenger Financial Services

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Trading Performance

Sine Weighted Moving Average



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 21.0 0.21% 0.25% 5.0% -4.8% -42.7%
SHORT 13 32.8 0.46% 0.86% 6.1% -2.7% 18.0%


Technical Analysis

Challenger Financial Services (CGF.AX)



Last Signal:


Trading: SELL @ $6.76
Signal Strength: STRONG

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.

Challenger Financial Services (ASX:CGF) currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -0.3%.

A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.

Calculation: Sine Weighted Moving Average (SWMA):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den

PROFILE: Challenger Financial Services (CGF.AX)

Stock Exchange: ASX
Company: Challenger Financial Services
Ticker Codes: | CGF.AX | ASX:CGF |

About Challenger Financial Services (ASX:CGF):

Challenger Limited is a publicly owned investment manager. The company also provides retirement services to its clients. It manages equity mutual funds. The firm invests into the public equity markets. Challenger Limited was founded in 1985 and is based in Australia, Asia and United Kingdom.

Top 10:

Sine Weighted Moving Average

Company Close Change(%) Volume Value Signal
PSI Pacific Strategic Investments 2.63 0 0 -0.1 BEARISH CROSSOVER
CPU Computershare 16.54 -0.1 662,955 0 BEARISH CROSSOVER
XTO ASX 100 5528.8 -0.2 0 0 BEARISH CROSSOVER
AZJ Aurizon Holdings 5.51 -0.5 4,568,581 -0.2 BEARISH CROSSOVER
MLD Maca 0.94 -0.5 329,917 -0.4 BEARISH CROSSOVER
JHX James Hardie Industries 18.63 -0.7 721,911 -0.3 BEARISH CROSSOVER
CHC Charter Hall 11.5 -0.7 1,455,610 -0.2 BEARISH CROSSOVER
GOW Gowing Bros 2.46 -0.8 24,000 -0.6 BEARISH CROSSOVER
MIR Mirrabooka 2.54 -0.8 129,488 -0.2 BEARISH CROSSOVER
SXL Southern Cross Media 1.29 -0.8 886,460 -0.5 BEARISH CROSSOVER