Guide
How to read your certificate
Your certificate summarizes the validation in a verifiable document. Here's what each section means — how to interpret the result, not the model's internal details.
1. Header and identification
The header shows the TRAVIDENCE mark with the descriptor Independent strategy validation, followed by the data of your validation:
- STRATEGY — the name your strategy was registered under.
- ASSET CLASS — the market or instrument evaluated.
- PERIOD COVERED — the date range of the validated trades.
- CERTIFICATE ID — the unique ID, in the format TRV-XXXX-XXXX.
- SCORED UNDER — the framework version used for the evaluation.
- ISSUED — the issue date.
2. The Robustness Score and your band
The central block shows the ROBUSTNESS SCORE, from 0 to 100, and a band that interprets it. The band is the qualitative reading of the number:
- Robust
- Conditional Robustness
- Limited Robustness
- Not Robust
The Score measures robustness, not expected profitability. When a control caps the result, the certificate may show no number and instead indicate that the score was capped (see section 4).
3. The verdict
The VERDICT section explains in words what the result means: what the strategy showed, what limits it if anything does, and what the next steps are. It's the part that translates the number and the band into an actionable conclusion.
4. Gate status
The certificate includes a GATE STATUS table with three columns: GATE, STATUS, and EFFECT. Gates are controls your strategy must pass; each one appears as PASSED or FAILED.
In the effect column, a failed gate may be marked as a binding cap — the control that determined the result — or as a non-binding cap. The Combined row summarizes the outcome: it shows Final outcome: no gates triggered when everything passes, or Final outcome: capped by … when a control limits the result.
The three gates evaluate, respectively, the strategy's consistency across volatility regimes, the stability of its performance over time (subperiods), and the contribution of each component when the strategy combines several. The table tells you what happened and which control was determinant; the thresholds that define each gate are part of the calibration and are not published.
5. Disclaimer of Opinion: when the sample is insufficient
If your evidence isn't enough for an audit-grade evaluation, the outcome is a Disclaimer of Opinion. It is not a "failure" of your strategy: it means there isn't enough data to issue a supported verdict. With small samples it's hard to separate signal from noise, and we'd rather abstain than draw a conclusion the data can't support. The path forward is to generate more trades and resubmit.
6. The Reproducibility Hash
At the bottom you'll find the Reproducibility Hash: a cryptographic fingerprint of the verdict and the inputs that produced it. Given the same inputs, the system produces the same verdict and the same hash. Together with the TRV- certificate ID, it lets anyone verify the document is authentic and wasn't altered after it was issued.
7. The independence framing
The certificate is the product of an independent validation: we don't trade strategies, we don't sell funded accounts, and we don't earn based on the verdict. That's why the document asserts robustness against the evidence evaluated — it doesn't promise future profitability or eliminate the risk of loss. The second page collects the methodology references that support the evaluation, including López de Prado's Deflated Sharpe Ratio.