01 / Research
Define.
Then test.
Fix the data, parameters and decision rules. Test the idea. Keep the failed trials in the record.
Inside the research
Independent systematic research
Our strategies.
Built in the open.
Our own strategies. Running on paper.
The research, results and changes are yours to inspect.
Research, not a fund. Paper execution, not funded returns.
Record basisObserved paper
Broker execution3 Alpaca paper sleeves
Paper recordSince 07 Aug 2026
Internal validationSelf-grade C+
Scroll to look inside Mechanism studies / not performance data
Meet ALPHAC
The strategy.
The work.
The whole picture.
We build systematic strategies and put their work in public view. Not just the attractive charts. The rules. The failed ideas. The observations. The corrections.
ALPHAC brings that work together. Follow the paper record, inspect the evidence, or use the validation API for your own research.
See what stays open
Define.
02 / Paper execution
Run.
Observe.
Separate strategies. Separate execution boundaries. Inspect what the broker observed and what was locally simulated.
Inspect the observations03 / Publication
Publish.
Keep learning.
Show the results and their limits. Document corrections. An improvement is a claim to examine, not a promised return.
Follow the changesCurrent portfolio architecture
4 strategies.
One open engine.
The current target mix is equal-weighted. Correlation is measured on the disclosed research window; live-forward diversification is not yet established.
Average pairwise correlation +0.0248 · measured on the research window, not the forward record
01
US equity momentum
AlphaMax
Cross-sectional momentum across a survivorship-free US equity universe.
- Execution
- Alpaca paper
- Target weight
- 25%
Observed broker$1M equity · 174 positions
02
Managed futures
AlphaTrend
Time-series trend across liquid equity, rates, commodity, and FX proxies.
- Execution
- Alpaca paper
- Target weight
- 25%
Observed broker$1M equity · 15 positions
03
Macro surprise
AlphaVintage
A point-in-time inflation-surprise spread expressed through IWM and SPY.
- Execution
- Alpaca paper
- Target weight
- 25%
Observed broker$998.1K equity · 2 positions
04
Crypto funding carry
AlphaForge
Funding-rate carry across perpetual futures, marked from live exchange books.
- Execution
- Local paper
- Target weight
- 25%
Observed localLive books, simulated fills
The running record
The record.
Without the gloss.
Published paper equity, positions and broker observations. Switch between the composite and each strategy. The negative days stay in the curve.
Open the live dashboard
Built for your research, too
Your numbers.
Our tools.
Bring your own returns to the Canli Capital API. Check selection bias, backtest overfitting, portfolio breadth, and paper evidence. Get a reproducible receipt you can inspect and share.
Free API key. No account required. Examples for Python, JavaScript, and curl.
One request. Inspectable arithmetic.
curl https://canlicapital.com/api/v1/statusStart with the public status endpoint. Generate a free key to run the validation tools against your own inputs.
- Selection bias and backtest overfitting
- Portfolio breadth and execution assumptions
- Reproducible receipts and declared limits
Receipts record the calculation and inputs. They do not establish future performance.
Go deeperThe full evidence roomOperating facts, system films, trial history and claim boundaries
What you getOpen now / no paid plan
The work stays open.
Research, execution, and improvement belong in the same record. Inspect the decisions, reproduce the calculations, and see the corrections. Our free research tools are open to everyone.
The live paper record
Equity, positions, decisions and broker reconciliation, republished hourly. Paper throughout, never funded.
46 published equity marks · 3 broker accounts reconciled
Open the live recordThe research, and the retractions
Every hypothesis tested, the ones that failed, and the figures since withdrawn.
111 documents · 46 published kills · 228 trial identities (the retired legacy set)
Read the correctionsRun your own numbers
Free key, no account. Send your own returns through the same validation arithmetic the record is held to, and get back a receipt you can cite. Behind it sit three open repositories: the engine, the point-in-time data layer and the backtester.
1,220 tests passing · mypy --strict across 83 files
Validate your numbersResearch, not a fund
No managed capital, copy-trading, promised return, or investment advice.
0 external reviews · 0 independent replications, so every claim here is still self-graded, not outside-checked
Read boundariesEvidence Core / Public schema
The route from a frozen idea to a signed record.
Every shape has a job. Identities freeze before returns are opened. Failed trials remain in the union. Four sleeves stay separate. Broker observations enter from the edge. Signed records join the spine.
- 01Idea fieldCandidate mechanisms enter without a result.
- 02Frozen identityParameters, data and gates become addressable.
- 03Trial unionKilled work recedes, but never disappears.
- 04Broker railsEach sleeve keeps its own execution boundary.
- 05Signed claimDisclosed payloads join the append-only spine.
Observed public stateIdea field
Trial identities228
Killed or screened46
Active sleeves4
Signed entries1,134
System films / Artifact rendered
Watch the system prove what state it is in.
Each silent loop is rendered from a sanitized public artifact, and carries its timestamp, basis, source and limitation in the frame.
01 / Research state
Open trial accounting
The engine is testing
Hypothesis identities freeze before executions enter the ledger. The preregistered budget remains visible.
- Artifact time
- Playback
- 12 seconds / silent
Read state transitions
- Candidate mechanisms enter without a result.
- The hypothesis identity freezes.
- Immutable executions accumulate against a visible budget.
02 / Execution state
Open broker evidence
The broker is observed
Dedicated paper sleeves remain separate. Aggregate reconciliation is shown without account identifiers, credentials, or holdings.
- Artifact time
- Capital basis
- Paper only
Read state transitions
- Three paper sleeves enter as separate rails.
- Aggregate positions and orders are observed.
- The published reconciliation resolves pass or open.
03 / Publication state
Verify the public record
The record is sealed
Published states bind into an append-only sequence. The current head appears with its timestamp and short hash prefix.
- Artifact time
- Verification
- Signed chain
Read state transitions
- Published states join the sequence.
- Each node binds to the previous chain hash.
- The signed head resolves with a timestamp.
Observed state is not the same as validated performance. These films make the research, paper-broker, and signed-record boundaries easier to inspect. They do not imply funded execution or an earned Sharpe result.
One decision / end to end
Follow a rebalance through the entire system.
Each layer answers a different question: what the model knew, what it chose, what the broker accepted, and what was published.
- 01 / InputWhat the model could know
Point-in-time data and survivorship contracts.
Data contracts - 02 / DecisionWhat was fixed first
Reserved identity, parameters, and admission rule.
Trial ledger - 03 / RiskWhat the portfolio allowed
Weight, exposure, drawdown, and kill state.
Risk evidence - 04 / BrokerWhat Alpaca accepted
Positions, orders, account mark, and reconciliation.
Broker evidence - 05 / RecordWhat cannot be silently replaced
Signed, append-only public payloads.
Verify chain
Open research book
The failed trials stay visible.
The goal is not to look right in hindsight. It is to preserve what was tested, what failed, what changed, and which claims remain unearned.
111published documents
46rejected or screen-killed
Hypothesis identities, family decisions, and complete trial packets are separate accounting units. The trial ledger shows the denominator.
Read the research libraryPortable reproduction
Crypto Carry, without the private lake
A bounded package for reproducing the selected carry result from public inputs.
Read paper Data integrityCorporate-action basis reconstruction
Why split and dividend semantics can move an apparently stable equity result.
Read paper Research standardWhat would count as forward Sharpe evidence?
The observation, provenance, and maturity requirements fixed before the result arrives.
Read paperKnow the limitsEvery claim has a basisObserved, simulated and planned. Inspect the complete dated dashboard.
Dated evidence dashboard
What was observed, what was simulated, and what is still only a goal.
Performance targets never inherit the styling of earned results. Every figure below is bound by the same honesty pledge published in full.
Current forward recordObserved / paper
8daily return observations
Inspect maturity evidenceRecord freshness and execution basis
The operating facts behind the curve.
Latest signed record23 Sept 2026, 06:27 UTCseq 1,133 / 555390f5a3e8edcf…Verify this record
47 paper-trading days, 8 return observations.
Open maturity record−0.02% to +31.19% net across dedicated broker accounts. Not a composite exposure.
Open broker evidenceThe public record does not yet expose a governed composite turnover series.
Read the measurement ruleEquity fills lack a decision-price reference. The measured crypto component predates the current forward window.
Open cost evidenceSleeveExecutionLatest observationState
AlphaMaxAlpaca paper174 positions / 23 Sept 2026, 06:26 UTCPass
AlphaTrendAlpaca paper15 positions / 23 Sept 2026, 06:26 UTCPass
AlphaVintageAlpaca paper2 positions / 23 Sept 2026, 06:26 UTCPass
AlphaForgeLocal paperLive exchange books, simulated fillsLocal only
Broker pass / forward goals open / C+
Read grading contractBroker reconciliation passes. The forward record is still too young to establish the performance objectives.
Evidence grammar
Three labels. No ambiguity.
Broker & paper record
Marks, positions, orders, and drawdown already recorded by the current paper system.
Research evidence
Walk-forward, stress, and capacity results under declared data and cost assumptions.
14-sleeve frontier
A governed breadth objective. It is not represented as a current portfolio achievement.
Authorship & accountability
A named builder.
An open record.
Built by Arhan Canli in Dubai. Research, code, corrections and operating evidence carry a name. This is a research project, not a fund or investment adviser.
Arhan Canli / Dubai
Quantitative researcher and builder of ALPHAC.
Building since July 2024 · public record from 07 Aug 2026
Founder recordProspective admission v7
New sleeve decisions are graded under the in-force rules.
4 admitted of a 14-sleeve objective
Read methodologyPaper record, real broker plumbing
Alpaca paper fills and local simulated crypto fills are never presented as funded execution.
3 dedicated accounts · 0 funded
Broker evidenceAppend, explain, preserve
A correction keeps the superseded claim and the evidence that exposed it.
1,134 signed entries, append-only
Correction recordAre these strategies trading real capital?
The published strategy record is paper execution, not funded trading. Three sleeves use Alpaca paper accounts; AlphaForge uses local simulated fills from live exchange books. Paper results do not establish executable future returns. Inspect the record and its basis.
What does “glassbox” mean here?
You can inspect the research, strategy rules, paper observations, failed work and corrections. The public record is self-published; transparency is not the same as an independent audit. See how to verify the evidence.
What can I do with an API key?
Submit your own research inputs to the validation tools and inspect their calculation receipts. The developer page includes key generation and Python, JavaScript and curl examples. A validation result is not an endorsement of a strategy. Start with the developer quickstart.
Can I invest or copy the trades?
Canli Capital is a research project, not a fund or investment adviser. This site does not offer managed capital or copy-trading. Read the project's boundaries.
Research access
Start with the evidence.
The dashboard and research library need no account. Join only for research releases and future account features. No paid plan is currently offered.