Competition makes the numbers legible

A leaderboard is only the finish.

Run the same kind of statistical comparison that makes fantasy competition actionable: compound each round, inspect the path, and keep risk beside the result.

Source lensA founding story about carrying player statistics into financial markets and learning through doing.

Ready for the sample

Put three strategies on the same field.

Run the bundled four-round return ledger to see cumulative finish, volatility, and the drawdown hiding behind the leaderboard.

Audited tournament

Who won, and what did it cost?

12 valid rows across 3 strategies.

Top cumulative finish

Quarry

Rank 01

Cumulative return

11.35%

Sample volatility

2.63%

Maximum drawdown

-1.00%

cumulative = product(1 + round_return / 100) - 1
volatility = sample standard deviation of round returns
drawdown = minimum((equity - peak) / peak)

Final standings

Risk ceiling: 2.00%

Rank	Strategy	Cumulative	Volatility	Positive rounds	Drawdown	Risk read

Round-by-round path

Each bar ends at the strategy's compounded finish; the dip is the path evidence.

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