Annualized Return

Formula

Annual return = (1 + mean daily return)^252 − 1

Interpretation

Makes strategies tested over different windows comparable by expressing them on the same one-year basis.

What good looks like

Meaningfully above the buy-and-hold return shown alongside it for the same ticker and window.

What bad looks like

Below the buy-and-hold return, or negative — meaning the signal would have been worse than doing nothing.

Typical range

Highly ticker- and period-dependent; always read next to buy-and-hold and volatility, never in isolation.

How OmniSignal uses it

Shown next to buy-and-hold specifically so a good-looking return that's just "the stock went up" isn't mistaken for signal skill.

References

Standard annualization of geometric daily returns