Offsides Macro | The Offsides Positioning Index (OPI)
Beta & Trend vs "OPI"
The Offsides Macro framework and research platform is built around the Offsides Positioning Index (OPI). Understanding where the asymmetry lays across macro asset-classes (as well as within Event-Driven trading) is always my North Star and is a big part of my consistency.
When I set out to undertake this experiment years ago, I naturally looked for “the index” to my idea so I could backtest it and understand its behavior across market regimes - there’s an Index for everything, but surprisingly not for “Offsides Positioning.” So I created it myself and published a White Paper earlier this year titled “Offsides Positioning as a Factor in Systematic and Discretionary Macro.”
This framework helps me get back to basics that I think are lost today: identify positioning extremes and narratives, inflection points, and market reflexivity to make solid, repeatable, trading and investment decisions.
I created a 1-page tear sheet or you can nerd out like I did and read the full paper here.
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Rick Bandazian Jr. | Offsides Macro | rickbandazian.com | rick@rickbandazian.com
Disclaimer: This publication is for general informational and educational purposes only. It is not investment advice, does not take into account individual circumstances, and should not be relied upon for making investment decisions. The views expressed are solely those of the author and do not represent the views of any employer or affiliated institution.