Incomplete Combined

Also seen as: Incomplete (the badge the library list shows)

Why can't an Incomplete Combined run?

An Incomplete Combined has no allocation problem to solve — one strategy receives all the capital, and the Combined layer adds nothing — so Fincanva does not run it at all. Its run control is disabled everywhere it appears, with the reason spelled out: "Add one more strategy to run this Combined." Because it has never run, it has no run status history and no result to fall back on either. The block is its own gate on the Combined, not one of the setup checks that strategy alerts cover.

What do "Example results" show?

The results pages of an Incomplete Combined show a real, fully rendered results layout filled with a fixed sample Combined's numbers, faded and non-interactive behind a prompt. The eyebrow reads Example results, the headline "This is what a complete Combined shows", and the body "This Combined has one strategy — add a second one from its Settings to run it.", with an Add a strategy button. The numbers on screen belong to the sample, not to your strategy — nothing there was computed from your settings, and the page's own controls do nothing while the example is showing.

A results section that has no sample to preview falls back to the plain "No results yet" empty state, carrying the same one-strategy explanation. Holdings behaves the same way as the analysis pages.

How does a Combined become Incomplete?

Two ways, and neither changes what the strategy is:

• Created and not yet filled. A newly created Combined seeded with its first strategy starts Incomplete until you add the second.
• Reduced to one. Removing strategies from a Combined until one is left leaves it an Incomplete Combined; it is not converted back into a single strategy. Being a Combined is a property of the strategy itself, not a count, so it stays a Combined at one strategy.

A Combined always keeps at least one strategy inside it, so its last one cannot be removed — the floor is one, which is exactly the Incomplete state.

Defaults in Fincanva

• The threshold is two: at two or more strategies the Combined runs normally, at fewer than two it does not run at all.
• The block applies to every run entry point — the editor's run control and the results page's re-run alike — and it reacts to an add or remove immediately, before you save.
• Adding or removing strategies is still fully allowed while Incomplete; only running is blocked.
• The library list marks an Incomplete Combined with an Incomplete badge and shows the same reason on its run action.

Worked example

You create a Combined and seed it with your momentum strategy. The library list shows it with an Incomplete badge, and its run control is disabled: "Add one more strategy to run this Combined." You open its analysis anyway and see a complete-looking results page — an equity curve, a metrics table, a monthly grid — under the eyebrow Example results and the headline "This is what a complete Combined shows". None of those numbers are yours; they are the sample's, shown so you can see what you will get. You add a second strategy, a defensive one. The badge disappears, the run control unlocks, and the first real backtest replaces the example with numbers computed from your two strategies and the Combined-level split between them.