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DailyHCHL — Happy City Holdings Ltd
One page for what Happy City Holdings Ltd filed, what drew public attention, and how one simple trend rule behaved on its IEX history. The backtest includes trading costs and keeps its two biggest biases in plain sight.
What the latest filing says
ExchangeNasdaq
Filing statuslate
Share-count change · YoY—
Piotroski F-ScoreNot scoreable
A deliberately simple test: close above the 200-day average
The simulation stays long while the IEX closing price is above its 200-day moving average and moves to cash below it. It charges 15 bps per leg — entry and exit — so a round trip costs 30.0 bps.
The catch: it acts on the same close that creates the signal, which is not realistically tradable, and it only tests a company that survived into today’s universe. Both choices can make the result look better than it was.
Simulated strategy value36.0%
IEX close and 200-day average$3.95
Worst peak-to-trough fall-12.2%
Round trips1
Cost per round trip30.0 bps15 bps × 2 legs