Research · KPI guide

How to read NoahAI public KPI

July 2026

Why win rate alone is not enough

Public KPI is not a scoreboard. It is an operational summary. That means win rate should be read together with drawdown, early exits, HOLD frequency, and how PnL is defined.

1. Win rate needs context

NoahAI may choose conservative holds, downshifts, or early exits before chasing headline hit rate. The point is not how often it trades, but how consistently it avoids unnecessary risk.

2. Max drawdown is core

Drawdown shows what downside users can actually feel. In operational AI, it often says more about quality than a standalone win-rate number.

3. Trading PnL and Economic PnL are different

Trading PnL reflects trading structure quality. Economic PnL may additionally include cashback, fee return, or partnership-related credits. Splitting them prevents account-specific conditions from distorting cohort-level public interpretation.

4. HOLD and early exits are KPI too

NoahAI is designed to avoid bad trades, not just to execute more trades. Non-trades and early exits are therefore part of system quality, not missing data.