Hi, first of all I’m just getting started on this so I’m still learning.
I just wanted to know what good values for the sharpe ratio and validation correlation are. I understand that the higher the better for both of these values but what is a realistic value? For example my current model has a validation correlation of 0.0717 and a validation sharpe of 2.4858. Are these values good, bad, or average? (I have another model that I’m sure cannot be right, which had a validation correlation of 0.8 and a sharpe of 54, is this overfit? both models trained on the same data however the max depth in the XGBRegressor was changed from 3 to 10)
Thanks in advance for any help