RINA Index

The RINA index is a proprietary index that combines Select Total Net Profit, time in the market, and drawdown calculations into a single reward/risk ratio, that can be used to compare strategies The larger the number the more efficient/risk adverse the strategy.

RINA Index = (Select Total Net Profit)/((average drawdown) x (percent time in the market))

  The TradeStation Strategy Performance Report displays the RINA Index for All Trades Only.