Sharpe to Prob(P&L > 0)

Conversion Formulas:

Assuming P&L follows a normal distribution

Prob(P&L > 0) = Φ(annual_sharpe / √252)

Annual Sharpe Ratio = √252 × Φ⁻¹(Prob(P&L > 0))

Where Φ is the standard normal cumulative distribution function