Portfolio 1.5 - EW is Up
September 3rd 2006 18:51
I finally found some time during the weekend to expand and finalise the original Portfolio 1 - EW with a set of new stocks selected from the month of August. For the past 22 days of trading, we have observed that the draft Portfolio 1 - EW of 22 stocks produced some significant gains in terms of value over a relatively short period of time, so can the Portfolio 1.5 - EW outperform the draft for time to come? The real action starts right now.
As of 1st September, 2006, the portfolio gained 10.12% in terms of value with a paper profit of $3,331.
Based on a specific set corporate movement information, attributes and firm characteristics, I selected a total of 31 stocks from the month of August that form the Portfolio 1.5 - EW (EW - Equally Weighted). The portfolio cost $43,047, inclusive of $30 transaction cost per trade, and for convenience sake, assume, for a more realistic simulation, that the investments came from a pool of savings of $50,000, which is quite reasonable and still have a balance of $6,953. The portfolio will be observed for one to three months which therefore makes it a short to medium term investments, and the objective is to determine whether it can beat the market returns (ASX 200) and interest rates throughout the observing periods.
Performance analysis of the portfolio for the month of August using Sharpe Ratio and Jensen Alpha would be tested as soon as time permits.
The following is the set of stocks of the Portfolio 1.5 - EW
As of 1st September, 2006, the portfolio gained 10.12% in terms of value with a paper profit of $3,331.
Based on a specific set corporate movement information, attributes and firm characteristics, I selected a total of 31 stocks from the month of August that form the Portfolio 1.5 - EW (EW - Equally Weighted). The portfolio cost $43,047, inclusive of $30 transaction cost per trade, and for convenience sake, assume, for a more realistic simulation, that the investments came from a pool of savings of $50,000, which is quite reasonable and still have a balance of $6,953. The portfolio will be observed for one to three months which therefore makes it a short to medium term investments, and the objective is to determine whether it can beat the market returns (ASX 200) and interest rates throughout the observing periods.
Performance analysis of the portfolio for the month of August using Sharpe Ratio and Jensen Alpha would be tested as soon as time permits.
The following is the set of stocks of the Portfolio 1.5 - EW
The winner stocks are highlighted in yellow
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