{
  "title": "Backtest transaction-cost sensitivity grid",
  "asOfDate": "2026-09-15",
  "definition": {
    "annualTurnoverMultiple": "Total one-way traded notional during a year divided by strategy capital.",
    "costBpsPerDollarTraded": "Assumed all-in implementation friction in basis points for each dollar traded.",
    "annualCostDragPct": "annualTurnoverMultiple × costBpsPerDollarTraded ÷ 100"
  },
  "turnoverScenarios": [1, 3, 6, 12, 24, 52],
  "costBpsScenarios": [1, 5, 10, 25],
  "rows": [
    {"annualTurnoverMultiple":1,"costBpsPerDollarTraded":1,"annualCostDragPct":0.01},
    {"annualTurnoverMultiple":1,"costBpsPerDollarTraded":5,"annualCostDragPct":0.05},
    {"annualTurnoverMultiple":1,"costBpsPerDollarTraded":10,"annualCostDragPct":0.10},
    {"annualTurnoverMultiple":1,"costBpsPerDollarTraded":25,"annualCostDragPct":0.25},
    {"annualTurnoverMultiple":3,"costBpsPerDollarTraded":1,"annualCostDragPct":0.03},
    {"annualTurnoverMultiple":3,"costBpsPerDollarTraded":5,"annualCostDragPct":0.15},
    {"annualTurnoverMultiple":3,"costBpsPerDollarTraded":10,"annualCostDragPct":0.30},
    {"annualTurnoverMultiple":3,"costBpsPerDollarTraded":25,"annualCostDragPct":0.75},
    {"annualTurnoverMultiple":6,"costBpsPerDollarTraded":1,"annualCostDragPct":0.06},
    {"annualTurnoverMultiple":6,"costBpsPerDollarTraded":5,"annualCostDragPct":0.30},
    {"annualTurnoverMultiple":6,"costBpsPerDollarTraded":10,"annualCostDragPct":0.60},
    {"annualTurnoverMultiple":6,"costBpsPerDollarTraded":25,"annualCostDragPct":1.50},
    {"annualTurnoverMultiple":12,"costBpsPerDollarTraded":1,"annualCostDragPct":0.12},
    {"annualTurnoverMultiple":12,"costBpsPerDollarTraded":5,"annualCostDragPct":0.60},
    {"annualTurnoverMultiple":12,"costBpsPerDollarTraded":10,"annualCostDragPct":1.20},
    {"annualTurnoverMultiple":12,"costBpsPerDollarTraded":25,"annualCostDragPct":3.00},
    {"annualTurnoverMultiple":24,"costBpsPerDollarTraded":1,"annualCostDragPct":0.24},
    {"annualTurnoverMultiple":24,"costBpsPerDollarTraded":5,"annualCostDragPct":1.20},
    {"annualTurnoverMultiple":24,"costBpsPerDollarTraded":10,"annualCostDragPct":2.40},
    {"annualTurnoverMultiple":24,"costBpsPerDollarTraded":25,"annualCostDragPct":6.00},
    {"annualTurnoverMultiple":52,"costBpsPerDollarTraded":1,"annualCostDragPct":0.52},
    {"annualTurnoverMultiple":52,"costBpsPerDollarTraded":5,"annualCostDragPct":2.60},
    {"annualTurnoverMultiple":52,"costBpsPerDollarTraded":10,"annualCostDragPct":5.20},
    {"annualTurnoverMultiple":52,"costBpsPerDollarTraded":25,"annualCostDragPct":13.00}
  ]
}