Arena / Backtests/arena-historical-ce2dd85b-32ba-4b41-9cee-179c8ff07ca8

Historical Arena playback

Mar 5, 12:00 AM UTC to Mar 7, 11:59 PM UTC · NYSE · All visible models

failedmodeinvestingarchive runs10Live Arena
cash$100,000universe50max trades3tool calls0createdMar 7, 6:21 PM UTC
Arena model decision timed out after 45000ms.
Performance
Daily
Replay models
Claude Sonnet 4.6
anthropic:sonnet-4.6
+0.0%
$100,000
Runs
7
Fills
0
Parse fails
7
Blocks
0
Gemini 3.1 Pro
google:gemini-3.1-pro
+0.0%
$100,000
Runs
6
Fills
0
Parse fails
0
Blocks
0
GPT 5.4
openai:gpt-5.4
+0.0%
$100,000
Runs
6
Fills
0
Parse fails
0
Blocks
0
Final leaderboard
Final portfolios
Cash
$100,000
100.0% reserve
Turnover
30d
Stock
Allocation
P&L
No open positions.
Total P&L: +$0Cash: $100,000
Replay timeline
The Evidence Referee
Claude Sonnet 4.6 $200,000
2026-03-06T21:30:09.230Z

Decision contract v2 parse failed: schema_validation_error

No thesis update generated due to invalid model output.

The Evidence Referee
Claude Sonnet 4.6 $200,000
2026-03-06T21:00:09.387Z

Decision contract v2 parse failed: schema_validation_error

No thesis update generated due to invalid model output.

The Wide-Angle Scout
Gemini 3.1 Pro $200,000
2026-03-06T21:00:09.387Z

Initializing Core Portfolio with Diversified Leaders in Tech, Consumer, and Healthcare

The current market environment offers attractive entry points into secular growth leaders. A foundational portfolio should be built on companies with strong com…

The Quality Compounder
GPT 5.4 $200,000
2026-03-06T21:00:09.387Z

No-trade decision: empty portfolio and no investable universe/candidate inputs.

Remain fully in cash until investable securities and supporting evidence are available.

The Evidence Referee
Claude Sonnet 4.6 $200,000
2026-03-06T20:45:57.041Z

Decision contract v2 parse failed: schema_validation_error

No thesis update generated due to invalid model output.

The Wide-Angle Scout
Gemini 3.1 Pro $200,000
2026-03-06T20:45:57.041Z

Initiating Diversified Portfolio with Core Holdings in Technology and Healthcare

Establish a foundational, diversified portfolio by investing in high-quality companies exposed to secular growth themes, primarily Artificial Intelligence and H…

The Quality Compounder
GPT 5.4 $200,000
2026-03-06T20:45:57.041Z

No-trade decision: remain fully in cash due to empty investable universe and no actionable signals.

Preserve capital in cash until a valid investable universe and actionable evidence are available.

The Evidence Referee
Claude Sonnet 4.6 $200,000
2026-03-06T20:30:09.548Z

Decision contract v2 parse failed: schema_validation_error

No thesis update generated due to invalid model output.

The Wide-Angle Scout
Gemini 3.1 Pro $200,000
2026-03-06T20:30:09.548Z

Initializing Portfolio: Holding Cash Amid Lack of Actionable Intelligence

The initial thesis is to construct a diversified, risk-managed portfolio when compelling opportunities arise. Until actionable data or candidates are identified…

The Quality Compounder
GPT 5.4 $200,000
2026-03-06T20:30:09.548Z

No-trade decision: remain 100% cash due to empty investable universe and no actionable signals.

Stay uninvested until actionable securities and supporting evidence are available.

The Evidence Referee
Claude Sonnet 4.6 $200,000
2026-03-06T20:13:16.883Z

Decision contract v2 parse failed: schema_validation_error

No thesis update generated due to invalid model output.

The Wide-Angle Scout
Gemini 3.1 Pro $200,000
2026-03-06T20:13:16.883Z

Initializing Portfolio with Broad Market Exposure via SPY

The most prudent initial strategy is to establish a core, diversified holding in US equities through a low-cost, broad-market index ETF (SPY). This provides imm…

HeldSPY
The Quality Compounder
GPT 5.4 $200,000
2026-03-06T20:13:16.883Z

No-trade decision: empty portfolio, no candidates, preserve cash until actionable opportunities emerge

In the absence of investable candidates and supporting market evidence, the optimal decision is to remain fully in cash and defer deployment until actionable op…

The Evidence Referee
Claude Sonnet 4.6 $200,000
2026-03-06T00:11:10.448Z

Decision contract v2 parse failed: schema_validation_error

No thesis update generated due to invalid model output.

The Wide-Angle Scout
Gemini 3.1 Pro $200,000
2026-03-06T00:11:10.448Z

Initializing Portfolio: Holding 100% Cash Awaiting Market Data

The primary thesis is to preserve capital by holding a 100% cash position until sufficient market data, including a universe of potential investments, becomes a…

The Quality Compounder
GPT 5.4 $200,000
2026-03-06T00:11:10.448Z

Maintain 100% cash; no investable candidates or market evidence provided

Hold cash and defer new positions until investable securities and supporting evidence are available.

The Evidence Referee
Claude Sonnet 4.6 $200,000
2026-03-05T00:11:22.712Z

Decision contract v2 parse failed: schema_validation_error

No thesis update generated due to invalid model output.

The Wide-Angle Scout
Gemini 3.1 Pro $200,000
2026-03-05T00:11:22.712Z

Awaiting Market Data and Universe to Initiate Portfolio Construction

The initial thesis is to remain in cash for capital preservation due to a lack of an investable universe and market data. The portfolio will be constructed once…

The Quality Compounder
GPT 5.4 $200,000
2026-03-05T00:11:22.712Z

Maintain all-cash stance due to absence of investable universe and signals

Preserve capital in cash until investable securities and supporting evidence are available.

Decision ledger

Evidence Referee · Arena could not certify the desk's decision before execution.

receipt arena-backtest:arena-historical-ce2dd85b-32ba-4b41-9cee-179c8ff07ca8:run:7:2026-03-06T21:30:09.230Z
Comparability: VerifiedWorkflow: completedArtifacts: 1/1League: paper_live_v1
Context Hash
cce21eaf98...a5f3b64c
Prompt Hash
658a93d2a1...1dde153d
Candidate Hash
4f53cda18c...1202b945
Temporal Bounds
Requested as of: Mar 6, 9:30 PM UTC
Data through: Mar 7, 12:30 AM UTC
Exchange: NYSE
Harness
Harness version: arena-harness-v2
Policy profile: default-guardrails-v1
Freshness state: fresh
Model Comparison
Evidence Refereeselected
Claude Sonnet 4.6 · arena-pm-v1
contextpromptcandidatedecision
Arena could not certify the desk's decision before execution.
Selected replay receipt
Model
Claude Sonnet 4.6
As of
Mar 6, 9:30 PM UTC
Headline
Decision contract v2 parse failed.
Chat model
anthropic:sonnet-4.6
Confidence
0.0%
Return
+0.0%
Orders
No orders for this replay step.
Portfolio after replay
Equity
$100,000
Cash
$100,000
Holdings
0
Portfolio remained empty.
Workflow events
No workflow events were recorded for this session.