On the natures of the spin and orbital parts of optical angular momentum

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Edit and run Quant Buffet Python for On the natures of the spin and orbital parts of optical angular momentum in the browser. Results update live with equity, drawdown, and metrics charts. Allowed: backtest.data, backtest.engine, backtest.metrics, numpy, pandas. Define ASSETS and make_on_day(prices). Shortcut: Ctrl+Enter. API docs →

Ready — edit code, then Run backtest.
IDE · 36 lines
Quant Buffet syntax cheat sheet (copy / insert)

Paste these fragments into the editor. The sandbox rejects QuantConnect, os, and network libraries.

Required imports
Only these libraries are allowed in the sandbox.
from __future__ import annotations

import numpy as np
import pandas as pd

from backtest.data import load_daily_prices
from backtest.engine import EngineConfig, PortfolioEngine
from backtest.metrics import compute_metrics
ASSETS list (whitelisted ETFs)
Module-level list. Tickers must be in the Quant Buffet whitelist.
ASSETS = ["SPY", "QQQ", "TLT", "GLD", "BIL"]
make_on_day contract
Must return (on_day, ready). on_day calls engine.set_target_weights.
def make_on_day(prices: pd.DataFrame):
    cols = [c for c in ASSETS if c in prices.columns]
    sma = prices[cols].rolling(200, min_periods=200).mean()
    state = {"last": None}

    def on_day(engine: PortfolioEngine, dt: pd.Timestamp) -> None:
        if sma.loc[dt].isna().all():
            return
        key = (dt.year, dt.month)
        if state["last"] == key:
            return
        state["last"] = key
        long = [
            s for s in cols
            if pd.notna(prices.at[dt, s]) and pd.notna(sma.at[dt, s])
            and prices.at[dt, s] > sma.at[dt, s]
        ]
        weights = {} if not long else {s: 1.0 / len(long) for s in long}
        engine.set_target_weights(dt, weights)

    ready = sma.dropna(how="all").index.min() if sma.notna().any().any() else None
    return on_day, ready
Set target weights
Weights should sum to about 1.0. Empty dict = 100% cash.
engine.set_target_weights(dt, {"SPY": 0.60, "BIL": 0.40})

Live backtest performance

CAGR
6.00%
Sharpe
0.63
Max DD
-18.15%
Vol
10.11%
Sortino
0.93
Beta
0.35

Showing saved draft baseline until you re-run.

Equity curve (indexed = 100)

Accent = strategy · dashed grey = buy-and-hold benchmark

2001-012026-0894066
Drawdown
Worst -13.2%-13%
Metrics bar chart
CAGRSharpeSortinoVol|DD|Grey = baseline · Accent = live run
Monthly returns
2020-092026-08 · last 24 months

Export to your platform

Transform Quant Buffet lab code (ASSETS + make_on_day / PortfolioEngine) into native classes for a third-party IDE — then copy and paste.

Run in: QuantConnect Cloud or LEAN CLI · QCAlgorithm with Equity securities and monthly rebalance.

Detected pattern: Absolute momentumAssets: SPY, TLT, GLD, BIL
# Generated from Quant Buffet → QuantConnect LEAN
# Strategy: On the natures of the spin and orbital parts of optical angular momentum
# Detected pattern: Absolute momentum
# Source uses Quant Buffet lab APIs (ASSETS + make_on_day / PortfolioEngine).
# Review fees, data, and risk before live trading — educational export only.

from AlgorithmImports import *


class QuantBuffetExport(QCAlgorithm):
    def Initialize(self):
        self.SetStartDate(2010, 1, 1)
        self.SetCash(100000)
        tickers = ["SPY", "TLT", "GLD", "BIL"]
        self.symbols = []
        for t in tickers:
            if "-" in t:  # crypto proxy e.g. BTC-USD
                self.symbols.append(self.AddCrypto(t.replace("-USD", ""), Resolution.Daily).Symbol)
            else:
                self.symbols.append(self.AddEquity(t, Resolution.Daily).Symbol)
        self.Schedule.On(
            self.DateRules.MonthStart(self.symbols[0]),
            self.TimeRules.AfterMarketOpen(self.symbols[0], 30),
            self.Rebalance,
        )
        # Logic: Long assets with positive 252-day return; equal-weight; monthly.

    def Rebalance(self):
        # Pattern: abs_momentum — Long assets with positive 252-day return; equal-weight; monthly.
        # Default: equal-weight. Port your make_on_day weights here via SetHoldings.
        w = 1.0 / len(self.symbols) if self.symbols else 0.0
        for symbol in self.symbols:
            self.SetHoldings(symbol, w)

Exported code uses the platform’s native classes and libraries. Install dependencies in your third-party IDE, then run. Validate before live trading.

Academic paper

On the natures of the spin and orbital parts of optical angular momentum

AuthorsStephen M. Barnett; L. Allen; Robert P. Cameron; C. R. Gilson; Miles J. Padgett; Fiona C. Speirits; Alison M. Yao

InstituteUniversity of Glasgow; University of Strathclyde

Teaser

Hold assets with positive trailing return; equal-weight the winners. Universe: SPY, BIL. Parameters: lookback=252; rebalance=monthly. Rebalanced on the engine's template schedule with 5 bps commission and 2 bps slippage.

Strategy in a nutshell

The modern field of optical angular momentum began with the realisation by Allen et al in 1992 that, in addition to the spin associated with polarisation, light beams with helical phase fronts carry orbital angular momentum. There has been much confusion and debate, however, surrounding the intricacies of the field and, in particular, the separation of the angular momentum into its spin and orbital parts. Here we take the opportunity to state the current position as we understand it, which we present as six perspectives: (i) we start with a reprise of the 1992 paper in which it was pointed out that the Laguerre–Gaussian modes, familiar from laser physics, carry orbital angular momentum. (ii) The total angular momentum may be separated into spin and orbital parts, but neither alone is a tru

Economic rationale

Positive time-series momentum indicates a favorable trend state; holding only assets with positive trailing returns tilts toward that premium. Related evidence from “On the natures of the spin and orbital parts of optical angular momentum”: The modern field of optical angular momentum began with the realisation by Allen et al in 1992 that, in addition to the spin associated with polarisation, light beams with helical phase fronts carry orbital angular momentum. There has been much confusion and debate, however, surrounding the intricacies of the field and, in particular, the separation of the angular momentum into its spin and orbital parts. Here we take the opportunity to state the current position as we understand it, which we pr

Backtest performance

Annualised return6.00%
Volatility10.11%
Beta0.35
Sharpe ratio0.63
Sortino ratio0.93
Maximum drawdown-18.15%