Glossary ยท Lesson 6.14
Point-in-Time Universe
A point-in-time universe restricts each backtest day to the constituents that were actually members of the index on that day, rather than today's list applied retroactively.
Definition
A point-in-time universe restricts each backtest day to the constituents that were actually members of the index on that day, rather than today's list applied retroactively.
In FactorSage
Applied when backtesting against the S&P 500, using FactorSage's 30-year membership history.
Related
- Point-in-time universesBacktesting