ResearchBenchmarksStrategy Performance Evaluation on 2015 Market Crash Bear Market 1.0 (OOS)Strategy Performance Evaluation on 2015 Market Crash Bear Market 1.0 (OOS)Follow12.2Max DrawdownM-Dynamic11.87614.06316.2518.437Dec 1, 2025Evaluation resultsMethodMethodLinksMax DrawdownNet ReturnSharpe RatioDefensive AlphaM-Dynamicadaptation_mode=Dynami...adaptation_mode=Dynamic Adaptation, framework=PMCSF2025.1212.2-13.22-0.2568.6M-Staticadaptation_mode=Static...adaptation_mode=Static Benchmark2025.1220.3-21.56-0.327—