What you can track in Tessera
- The current holdings and portfolio value.
- Changes made when the portfolio rebalances.
- How the portfolio behaves through gains and drawdowns.
- The research and factor signals behind the selected stocks.
A preset portfolio to start with
A free account includes one preset paper portfolio. It contains 20 stocks, with three holding names visible on the free plan. You can follow its behavior before deciding whether you need the full view.
The paid plan reveals all holdings and adds custom paper portfolios and historical backtesting. See exactly what each plan includes.
Paper trading and backtesting answer different questions
A paper portfolio runs forward as market data arrives. A backtest applies a strategy to historical data and relies on assumptions about the available universe, execution prices and costs. Both are simulations; neither reproduces every condition of trading real money.
Use the public paper record to inspect the forward-running portfolio and read the guide to common backtest biases before interpreting a historical simulation.
Read the rules before you judge the result
Different presets emphasize different factors, including value, quality and growth, or momentum. Review what a preset is designed to do, how holdings are selected, and what can lead to a rebalance. A good recent result can reflect a favorable market regime rather than a durable advantage.
Learn how market regimes affect a strategyWhat paper trading cannot show
A simulation does not recreate the pressure of risking your own money, and recorded returns depend on the treatment of dividends, fees and execution. Read the assumptions shown with each result. Past simulated performance does not predict future returns.