Alphawave: New NC 6.1 Trading Model Starts Q3 2026 with +19.36%

Düsseldorf, 7 August 2026 – Following a volatile start to 2026, Alphawave GmbH confirms the resilience of its quantitative trading strategies. Based on its externally audited performance history for 2024 and 2025, as well as a strong third quarter of 2026, the company demonstrates the scalability of its models while maintaining clearly defined risk parameters.

As previously communicated, performance for 2024 and 2025 was fully confirmed by an independent auditing firm. For live trading since May 2024, time-weighted annual returns of 12.09% for 2024 (annualised at approximately 18% due to the shortened trading period) and 20.48% for 2025 were audited.

Since the start of live trading in May 2024, this results in a cumulative audited live return of approximately 32.6%, with a very moderate maximum interim decline (“drawdown”) of 12.1% during the audited period. This corresponds to an average annualised return of approximately 19.54%.

Put simply, for every percentage point of the model’s worst interim loss, the strategy generated approximately 1.6 percentage points of annual return. This return-to-risk relationship is materially above that of typical equity indices and broad equity ETFs.

Performance in 2026

In the current 2026 financial year, the beginning of the year was characterised by elevated volatility and a challenging market environment for the strategy:

• Q1 2026: -15.63%
• Q2 2026: -3.06%
• Q3 2026: +19.36% (preliminary)

These setbacks are within the loss scenarios identified in the backtests of the NC 5.3 model cycle. “NC” refers to a proprietary Alphawave model generation designed for market-independent, systematic trading. These backtests also include months with low double-digit losses, such as February 2026 at -12.16%, as possible interim declines (“drawdowns”).

Since May 2026, Alphawave has deployed its next model generation, NC 6.1. In long-term analyses dating back to 2008, NC 6.1 has demonstrated an especially attractive return-risk profile, generating approximately 28.0% annual return with a maximum absolute decline of around -23.7% over the entire period. This return-to-risk relationship is considered exceptional in the quantitative-investment space.

At the same time, the start of the third quarter of 2026 shows a clear recovery momentum: July 2026, at +19.36%, was in line with the strongest monthly results of NC 6.1, thereby replicating them in live trading. As of the latest available data, the year-to-date result was 0.67% as of 1 August 2026. In view of the development in Q1 and Q2, this documents a robust recovery dynamic and, in management’s view, provides a sound basis for further performance development in the second half of the year.

A key objective was to demonstrate that very strong monthly results can also be achieved in live trading and that the time-to-positive development in live operation continues to correspond with the results of the backtests.

Since April 2026, Alphawave has also published monthly performance results via its X channel @Alphawave_GmbH, providing ongoing transparency regarding the strategy’s development.

Downside Volatility, Drawdown and Time-to-Positive

The maximum drawdown recorded since the start of live trading stands at -20.08%, confirming the intended balance between risk and return in the operational trading system. By comparison, the DAX also recorded significant declines over the same period since mid-2024, at times reaching approximately -21.24%, without achieving the higher risk-adjusted return of the Alphawave model since 2008.

With the NC 6.1 model generation, downside volatility has been further stabilised compared with earlier iterations. At the same time, strong model months, such as July 2026, can be demonstrably confirmed in live trading. Since 2008, the average maximum decline within a calendar year in the backtest has been approximately -11.7%, while annual returns reached as high as +70.5% in individual years.

At the beginning of May 2026, Alphawave transitioned from NC 5.3 to the enhanced NC 6.1 model. The objective of this model evolution was to reduce risk further while preserving the model’s return potential.

Internal time-to-positive analyses – assessments of how long the strategy typically takes to return to positive territory – show that 68.5% of all scenarios are positive after three months, 79.8% after six months, 93.6% after twelve months, and 98.2% after 24 months. Current live performance remains within this statistical scenario range and confirms the resilience of the model architecture over its intended investment horizon.

In the long-term backtest covering 2008 to 2025, NC 6.1 achieved an average annual return of 28.0% with a RoMaD of 1.18. Over the same period, the DAX recorded an annual return of 8.2% and a RoMaD of 0.15. NC 6.1 therefore demonstrates a significantly more favourable relationship between return and maximum risk than the DAX in the backtest. The model’s Sortino ratio is 2.24 in the backtest and stands at 1.37 in live trading to date.

Overall, the strategy was up to four times more performance-oriented than traditional equity markets in the long-term backtest, while carrying significantly lower maximum risk. This return-risk profile is considered particularly attractive compared with traditional equity investments.

Distribution, Visibility and Transparency

Alongside its operational trading activities, Alphawave continues to expand its sales and communications structure. Sales momentum is regaining strength in both the retail and institutional segments. The alphawave.eu platform, regular webinars, and increased public-relations activity enhance the strategy’s visibility, strengthen ongoing transparency regarding its development, and contribute to growing interest and demand.

Alphawave is therefore becoming increasingly visible among private and professional investors seeking systematic, market-neutral strategies with an audited track record in an increasingly challenging capital-markets environment.

Media Coverage and Scaling

Critical media reports that, in the company’s view, present a distorted picture of Alphawave are being addressed factually and, where appropriate, through legal channels. Regardless of this, management remains fully focused on further expanding trading capacity, growing assets under management, and scaling the models.

Following the completion of its research and development phase, its technological build-out, and the securing of financing, Alphawave has entered a scaled growth phase. The company sees its strength particularly in delivering robust results even during volatile market periods and in proving itself as a long-term partner across full market cycles.

Alphawave has helped build the trading strategy and the underlying technology and has brought its trading operations to profitability through its own efforts. The next step is the consistent scaling of this approach. The objective remains to strike a clear balance between performance and risk, generate returns that are as market-independent and uncorrelated as possible, and enable investors to participate in those returns.