# Scatter Plots

Last updated

Last updated

Tutorial: Using Tradewell to Understand Data Relationships

This **3-minute** video teaches traders how validate the presence of an edge in backtests and visualize relationships between data.

👇 Click the link below to open the platform and apply what you just learned

Scatter Plot Insight Definitions

Mean Strategy Return

The arithmetic average return on all trading signals derived from your strategy, expressed as a percentage.

Mean Anytime Return

The arithmetic average return on all signal and non-signal data points, expressed as a percentage.

Difference

The difference in value between the mean strategy return and and the anytime return.

T-Test

A statistic used to determine if there is a significant difference between the mean forward return of your trading strategy and the mean forward return of all data data points for an asset within a single lookback period.