Within this article you will find a weekly summary of the 6 BullDude’s Portfolios that are in the testing phase (6 months):
- “Mid / Large – Cap” Portfolio
- “Small – Cap” Portfolio
- “IPOs” Portfolio
- “Tech Stars” Portfolio
- “Growing Business Data” Portfolio
- “Greater Strength” Portfolio
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The week just ended was heavily influenced by the US elections. The markets all reacted positively as well as all 6 BullDude’s portfolios. The best portfolio of the week was “IPOs” which grew by 10% and in which Jumia Tech (JMIA) position was closed with a 70% gain in the middle of the week.
In the image above you can find the trend of all 6 portfolios from the start of the test phase. The portfolio equity trend is given by the blue line, while the red line represents the benchmark based on the type of portfolio (S&P 500, Nasdaq composite or Russell 2000). As can be seen immediately, all 6 portfolios are outperforming their respective benchmarks.
The best outperformance is obtained by the “Mid / Large-Cap” portfolio which is outperforming the benchmark (S&P 500) by more than 10% with a much more limited risk, very similar result for the “IPOs” portfolio even if the risk is similar to that of the benchmark.
All the details in the section of each individual portfolio that you will find later in the article.
You can find all the daily buying and selling operations in the article “BullDude’s Portfolios: Daily Transactions” which is published in the category “BD-Portfolios”
BullDude’s Portfolios
Weekly Summary
Below for each of the 6 BullDude’s Portfolios you will find the “Current Holdings” screen which contains the positions currently open in the portfolio, indicating for each the size in dollars (and the weight as a percentage of the total portfolio) and the profit / loss (%) since it was opened. Furthermore, the percentage not invested (liquidity) is indicated.
In addition, there is another screen containing the following 4 types of information:
- Weekly Performance
In this section you will find the weekly performance of the portfolio and the index used as a benchmark. In addition, the “Alpha” metric has been added which is calculated as the difference between the performance of the portfolio and that of the benchmark and therefore represents how much the portfolio has performed better / worse than the benchmark. A positive reading indicates that the portfolio outperformed the benchmark.
- All-Time Performance
In this section you will find the same data as the previous section but the reference period is not the week just ended but starting from the beginning of the test phase. In this section, the “Alpha” parameter is fundamental because it shows whether the portfolio has been able to outperform the benchmark since the test began.
- All-Time Risk – Max Drawdown
This section contains one of the main metrics for measuring the risk of a portfolio, the Max Drawdown. This metric is shown for both the portfolio and the benchmark and represents the maximum loss achieved starting from a maximum point to a minimum point. In addition, the “Alpha” parameter is shown which indicates how much the portfolio has risked relative to the benchmark and a positive value indicates that the portfolio has less risk.
- Chart comparison of the portfolio / benchmark and Risk / Reward ratio information
In this section you will find the daily chart of the portfolio and the relative benchmark from the start of the test phase and a box that gives you information on the risk / return ratio of the portfolio. In particular, if the “Alpha” parameters of the 2 sections described above “All-Time Performance” and “All-Time Risk – Max Drawdown” are positive, they indicate that the portfolio is performing better than the benchmark but risking less, ie the optimal situation, and then the indications “Higher Return and Lower Risk” will be shown.
*all-time performance refers to the start of the test phase (31 August 2020). Only the “Tech Stars” portfolio started the testing phase about 1 month later (28 September 2020).
*profit and loss data refer to all open and closed positions
“Mid / Large-Cap” Portfolio
Risk Level: Medium
Benchmark: S&P 500 index
The “Mid / Large-Cap” portfolio will only contain companies with a market capitalization of more than $ 5 billion, with no limitations in terms of industry or sector.
Current Holdings
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