{
  "slug": "ha-senso-obbligazioni-portafoglio",
  "period": {
    "start": "2001-02-01",
    "end": "2025-12-01",
    "n_months": 299
  },
  "params": {
    "rebalancing": "none (buy & hold)",
    "rolling_step_months": 3,
    "windows_months": {
      "5y": 60,
      "10y": 120
    }
  },
  "portfolios": {
    "100E": {
      "equity": 1.0,
      "bonds": 0.0
    },
    "60/40": {
      "equity": 0.6,
      "bonds": 0.4
    },
    "40/60": {
      "equity": 0.4,
      "bonds": 0.6
    }
  },
  "full_sample": {
    "100E": {
      "cagr": 0.08600952844741117,
      "mdd": -0.4903578293187463,
      "vol": 0.13016345683817132
    },
    "60/40": {
      "cagr": 0.0711437163634554,
      "mdd": -0.2019533115542238,
      "vol": 0.076208613591444
    },
    "40/60": {
      "cagr": 0.06133287073298499,
      "mdd": -0.19238695673560335,
      "vol": 0.06292935583710317
    }
  },
  "rolling_percentiles": {
    "5y": {
      "100E": {
        "cagr": {
          "p5": -0.002853975836362937,
          "p25": 0.03656678288685056,
          "p50": 0.11473733494607674,
          "p75": 0.14579585959946179,
          "p95": 0.17397744662521883
        },
        "mdd": {
          "p5": -0.4903578293187464,
          "p25": -0.34356565532295297,
          "p50": -0.18917708923391824,
          "p75": -0.11707355372556494,
          "p95": -0.08388054679790202
        },
        "n_windows": 80,
        "share_negative_cagr": 0.075,
        "share_dd_worse_20pct": 0.325,
        "share_dd_worse_30pct": 0.275
      },
      "60/40": {
        "cagr": {
          "p5": 0.02315396733383914,
          "p25": 0.04637761532688478,
          "p50": 0.08388835898266356,
          "p75": 0.0981687514476891,
          "p95": 0.1224352396852256
        },
        "mdd": {
          "p5": -0.24872423392900286,
          "p25": -0.19322926259921647,
          "p50": -0.11673399257655231,
          "p75": -0.05069224842212944,
          "p95": -0.042691819918728696
        },
        "n_windows": 80,
        "share_negative_cagr": 0.0,
        "share_dd_worse_20pct": 0.2375,
        "share_dd_worse_30pct": 0.0
      },
      "40/60": {
        "cagr": {
          "p5": 0.0318549733283337,
          "p25": 0.049371453294475676,
          "p50": 0.06036552112025817,
          "p75": 0.07619374184687167,
          "p95": 0.09591322709170944
        },
        "mdd": {
          "p5": -0.1928071188604119,
          "p25": -0.1257504938481843,
          "p50": -0.07118547127220903,
          "p75": -0.0384122861479789,
          "p95": -0.025158166413209015
        },
        "n_windows": 80,
        "share_negative_cagr": 0.0,
        "share_dd_worse_20pct": 0.0,
        "share_dd_worse_30pct": 0.0
      }
    },
    "10y": {
      "100E": {
        "cagr": {
          "p5": 0.031043661630345186,
          "p25": 0.07244818970247535,
          "p50": 0.10094681865614763,
          "p75": 0.13285830246883146,
          "p95": 0.14887863325170894
        },
        "mdd": {
          "p5": -0.4903578293187464,
          "p25": -0.4903578293187463,
          "p50": -0.422708625277266,
          "p75": -0.18917708923391818,
          "p95": -0.11707355372556494
        },
        "n_windows": 60,
        "share_negative_cagr": 0.0,
        "share_dd_worse_20pct": 0.5166666666666667,
        "share_dd_worse_30pct": 0.5166666666666667
      },
      "60/40": {
        "cagr": {
          "p5": 0.040495150061201156,
          "p25": 0.06288380230354934,
          "p50": 0.077291922723011,
          "p75": 0.09773523226435554,
          "p95": 0.11425971960208213
        },
        "mdd": {
          "p5": -0.2799888390085986,
          "p25": -0.24071312607337716,
          "p50": -0.1994557950703767,
          "p75": -0.15002807107413008,
          "p95": -0.08590487866827128
        },
        "n_windows": 60,
        "share_negative_cagr": 0.0,
        "share_dd_worse_20pct": 0.5,
        "share_dd_worse_30pct": 0.0
      },
      "40/60": {
        "cagr": {
          "p5": 0.045014581728654454,
          "p25": 0.05759933604500728,
          "p50": 0.06240285714980298,
          "p75": 0.07710665031218966,
          "p95": 0.092229305063208
        },
        "mdd": {
          "p5": -0.19238414206291224,
          "p25": -0.15917356633908578,
          "p50": -0.11941916150005955,
          "p75": -0.10213271793071699,
          "p95": -0.06443779550327719
        },
        "n_windows": 60,
        "share_negative_cagr": 0.0,
        "share_dd_worse_20pct": 0.0,
        "share_dd_worse_30pct": 0.0
      }
    }
  }
}