There are two kinds of requirements to be part of the C2Star program. The first kind is “risk based” – for example, you can’t lose more than $X dollars over Y days. If you ever do lose $X dollars over Y days, your strategy is removed permanently from the C2Star program.
However, there are also “positive performance” requirements. You need to outperform the SP500 by 1% over 60 days. That 60-day window is “rolling” – that is, the 60-day lookback period is always changing, as the calendar changes.
Now, if you don’t meet the “positive performance” requirements, but you haven’t violated the red-line risk limits, then you can still remain in the C2Star program in a non-certified state (that’s the “half-star” icon you see next to some strategies.)
Since time is always moving, and since the SP500 performance over the past 60 days will be different tomorrow (from what it is today), your strategy can be brought back into full certification at any time.
