OCI Global has successfully completed the sale of its stake in Fertiglobe, according to a report from TipRanks. It is important to note that the performance data mentioned in the report is based on backtested results, which means it is not a guarantee of future performance.
Backtested results are calculated by applying a model to historical data and making certain assumptions. These assumptions include the idea that the firm would have been able to purchase the recommended securities and that the markets were liquid enough to allow for trading. However, these assumptions may not always hold true in real-world scenarios.
It is crucial to understand that backtested performance has limitations. It does not account for actual trading or the impact of economic and market factors on decision-making. Additionally, adjustments can be made to the security selection methodology until past returns are optimized, which may not reflect actual performance.
In terms of fees, backtested results are typically presented gross of fees and do not include transaction costs, management fees, performance fees, or expenses. Regulatory considerations regarding fee presentation should also be taken into account.
Overall, while the completion of the stake sale by OCI Global is a significant development, investors should approach the reported performance data with caution. Past performance is not always indicative of future results, and it is essential to consider all factors before making investment decisions based on backtested data.