I created a universe of 160 Industry group symbols (link below) and tried to run a simple ranking system with Industry factor (e.g. Pr4W%ChgInd) performance with 4-week rebalancing and 20 buckets over the last 3 years. The Performance report only shows 1 bucket.
- How do i backtest Industries or Sub-industries (where 1 position represents an industry group) using Industry factors?
Sub-industry universe - https://www.portfolio123.com/app/universe/summary/165728?st=1&mt=7