Meaning of 3.75hrs returns

General
1

Hi,
At time 00:53 what does 3.75hrs returns means? The first few hours after market open or before close or something else?

Course Name: Unsupervised Learning in Trading, Section No: 7, Unit No: 1, Unit type: WaterMarkVideo

2

Hi,
The “3.75hrs returns” refers to the returns after 3 hours and 45 minutes of trading. It is not related to the market open or close; it’s simply a fixed time period during the trading day. Just like “1d returns” measures daily returns, “3.75hrs returns” captures price changes over that specific 3.75-hour window.
Check how it is computed in Section 7, Unit 9 to get a clearer picture. Let me know if it’s not clear.