Validated sentiment alpha for systematic trading

Permutable’s proprietary market sentiment signals have been tested in live trading conditions across a 16-month commodities futures experiment, delivering 28.54% total return, 20.86% annualised return, 7.01% annualised volatility and a maximum drawdown of just -2.95%.

Built from AI-driven market intelligence and deep sentiment analysis, our signals are designed for institutional systematic traders seeking differentiated, low-beta data inputs across highly liquid global futures markets. Whether you are looking to integrate our data into your own systematic strategy, evaluate our signal performance, or explore running a book together, we would welcome a conversation.

For institutional enquiries, email enquiries@permutable.ai

Dark-themed performance comparison chart showing Permutable's Live Strategy, Bloomberg Commodities Index, and S&P 500 from October 2024 to February 2026. The Permutable strategy, displayed in bright cyan, outperforms the Bloomberg Commodities Index and closely tracks the S&P 500, ending with approximately 24% returns. The chart includes a marker highlighting the 12-month anniversary since launch and demonstrates the effectiveness of AI-powered market intelligence and narrative-driven trading signals.

16 months of live signal validation

If you are an allocator or would like to see a full breakdown of our results please email enquiries@permutable.ai

Metric	Permutable	S&P 500	BCI
Total Return	28.54%	21.50%	18.69%
Annualized Return	20.86%	15.83%	13.80%
Annualized Volatility	7.01%	17.47%	12.78%
Downside Volatility	4.45%	18.50%	13.18%
Max Drawdown	-2.95%	-19.25%	-10.15%
Best Day	3.07%	7.81%	3.41%
Worst Day	-1.19%	-6.39%	-4.51%

Validated metrics

28%

Total Return
20%

Annualized Return
7%

Annualised Volatility
2.95%

Maximum Drawdown

Strategy profile

Strategy Structure: Balanced long/short (50/50) exposure
Trading Universe: Highly liquid front-month futures across commodities
Beta versus Benchmarks: Low
Edge versus Benchmarks : ~16% Annualised
Risk Allocation: Evenly distributed VaR across global energy, agriculture, and metals markets

Strategic Direction Post-Experiment: Permutable continues the run the data business model with our clients. We look to identify, isolate and preserve edge.