There are multiple performance metrics displayed on the Social page, and most of them represent something different. This help article will go into detail about what each performance metric represents. As a general rule of thumb - if performance is displayed with a "%" sign, it has had manual balance changes (such as deposits and withdrawals) removed during the performance calculation.
The Social Card
This is the landing page shown when you click on "Social", and the performance shown here represents the aggregate performance over the time frame shown. This means the performance shown on this page includes each portfolio on a Leaders exchange account. In order to emulate this performance, you would need to follow each portfolio a Leader has within that social profile.
The color of the line represents the aggregate raw change in balance over the last 7 days, and it includes manual balance changes such as deposits and withdrawals. This means that a red line does not necessarily indicate a decrease in performance, and a green line could indicate a deposit.
Inside the Social Card
Here, we see how the aggregate performance shown on the social card is broken down. At the top shows the 24 hour aggregate performance for this exchange account, while each portfolio also shows its individual performance for the time frame selected. You can see individual performance for 1D, 1W, and 1M. The 3M graph is shown for informational purposes, however the performance is not calculated at this time.
Additionally, you can see how each portfolio has compared to other portfolios on Shrimpy for the same 3 timeframes. In the screenshot above, this portfolio has performed better than 90% of the other portfolios on Shrimpy.
The Social Graph
Another way to gather information about a Leaders profile is by using the graph. In the screenshot above, you can see an anonymized version of the balance displayed. This is shown as 15.87/100 where "15.87" represents the current balance and 100 represents the all time high of the portfolio. This means that in the portfolio above, the current balance is 15.87% of the all time high of the portfolio.
Engagement score
The engagement score is used to measure a leader's level of involvement in the community. Higher engagement scores mean the leader is more involved in the community, spends more time on Shrimpy, and consistently communicates with their followers.
Engagement Score Calculation
The engagement score is calculated by combining a number of different metrics.
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1 point for adding a professional headshot as a profile picture
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1 point for adding social links
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1 point for adding tip addresses
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1 point for a description over 100 characters
Leaders are also awarded points for discussing strategies in their group chat, working with followers, and visiting Shrimpy on a regular basis.
We won’t reveal the full algorithm at this time, but it will be adjusted as we see fit.
Performance Calculation
There are times where you'll see N/A listed for performance on the social page, and this can happen for multiple reasons.
- The portfolio does not have sufficient history to calculate performance.
In order to show a performance value on the social page, we require the entire duration of history to be filled completely. This means that in order to display a "1W" performance value, there must be at least 1 week worth of history.
- The portfolio has a balance that is less than $1.
In order to show a performance value, we require a balance greater than $1. This is to reduce strain on our infrastructure, as well as to mitigate the potential trading issues that could arise by following a portfolio with a balance of less than $1.
- There is a data issue due to external influence.
We rely on a number of third-party services for things such as asset and price data. If these third-party services experience an outage or if there is an issue with the data we receive from them (either speed or integrity) it can result in our inability to display a performance value. These issues are usually temporary.
Conclusion
All of these metrics display a slightly different set of data, and together can be used to get an idea of how a Leader is performing as well as determine when you want to start following them.
Have questions, comments or concerns? Feel free to reach out to us via the blue "Support" button found in the bottom left corner of your Dashboard, or send an email to Support@Shrimpy.io.