1- Which round you lost in the tourney.
2- your overall record including the tournament and street fights.
3- The rank of your opponent that you lost to in the tournament.
So if you're out of the tournament, you can participate in street fights to try to improve your overall record while the tournament is still going.
"The next time I let Superman take charge, just hit me REAL hard" -Batman
Prove to myself that I have improved, and I win