Example of ADL

Ranking System
​
​
Example in Table 2, there are 6 traders going long. Their effective leveraged profit and loss (PnL) score is calculated respectively, and represented by a PnL ranking below. The higher the ranking, the higher their effective leveraged PnL. (The trader ranked number 6 has the highest effective leveraged PnL).
​
​
The traders will be ranked from highest to lowest. Each position is assigned a corresponding quantile, see Table 3