Portfolio Rotation: momentum across Swedish equities, gold and bitcoin
Momentum rotation: a tactical asset allocation model across Swedish equities, gold and bitcoin in SEK, backtested from 2016-02 to 2026-09. Simulated results, not a live track record or investment advice.
How the model works
A simulated tactical asset allocation model based on absolute momentum: a monthly rotation between Swedish equities, gold and bitcoin in SEK, with inverse-volatility sizing and a completed-close OMXS30 trend hedge.
- At each completed month-end, require positive average 3, 6 and 12 month momentum for each of the three risky assets.
- Hold up to three eligible assets and size them by inverse 12 month volatility; with three assets, momentum is an eligibility filter rather than a relative top-rank selection.
- Cap bitcoin at 10% and redistribute cap excess across the other eligible assets; use cash when no risky asset is eligible.
- When a completed OMXS30GI close is below both its 10 and 100 day averages, shift 20% of the equity sleeve to the hedge on the following session.
Simulated backtest, not a live track record. Past performance does not predict future returns.
| Record | CAGR | Sharpe | Maximum drawdown |
|---|---|---|---|
| Simulated backtest | +20.5% | 1.66 | -18.8% |
The out-of-sample extension starts 1 June 2026 and remains part of the simulated record, not the forward track record.
Forward observation starts 1 October 2026. The first observed closing value is reported separately from the backtest.
Model holdings
Rebalanced after the August 2026 month-end.
| Asset class | Weight |
|---|---|
| Swedish equities | 58.7% |
| Gold | 31.3% |
| Bitcoin | 10.0% |
Shown after the model has rebalanced, as a record of what the model holds. It is not a recommendation to buy or sell.
Publication and conflicts
Producer: AlgoBee, Strategy publisher and operator.
Holdings last updated: 30 September 2026 16:15 UTC.
The strategy operator uses or intends to use this model for own-account trading and may hold, buy or sell the instruments shown, or economically equivalent products. This creates a conflict of interest.
The allocation signal is timestamped when produced. Own-account orders may be submitted after that model run and before the website's next publication cycle, which can lag by approximately 15 minutes.
This publication is general and impersonal. It does not consider any reader's financial situation, objectives, knowledge or risk tolerance and is not personal investment advice, an offer or a solicitation.
Monthly allocation is recalculated after a completed month-end. The equity hedge is evaluated on weekdays after 17:20 Stockholm time. The public record normally refreshes every 15 minutes.
Model inputs use configured histories for OMXS30GI, XAUUSD, BTC-USD and USDSEK. Traded exchange products may differ from the signal instruments and can introduce fees, spreads and tracking error.
Research simulation and forward observation are reported separately. Historical results are not a guarantee of future performance.