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These are hypothetical performance results that have certain inherent limitations. Learn more

Bud Capital Equity
(128090640)

Created by: Bud_Capital Bud_Capital
Started: 03/2020
Stocks
Last trade: 84 days ago
Trading style: Equity Non-hedged Equity Momentum
Subscriptions not currently available.

Subscriptions not available

No subscriptions are currently available for this strategy because the strategy manager has capped the maximum number of subscribers.

Subscription terms. Subscriptions to this system cost $595.00 per month.

C2Star

C2Star is a certification program for trading strategies. In order to become "C2Star Certified," a strategy must apply tight risk controls, and must exhibit excellent performance characteristics, including low drawdowns.

You can read more about C2Star certification requirements here.

Note that: all trading strategies are risky, and C2Star Certification does not imply that a strategy is low risk.

Trading Category: Equity
Non-hedged Equity
Category: Equity

Non-hedged Equity

Predominantly long equities, although some hedging with short sales of stocks and/or stock index options. Commonly known as "stock-pickers."
Momentum
Category: Equity

Momentum

Aims to capitalize on the continuance of existing trends in the market. Trader takes a long position in an asset in an upward trend, and short-sells a security that has been in a downward trend. While similar to Trend-following, tends to be more forward-looking (predicting oncoming trend), while Momentum is more backward-looking (observing already-established price direction).
35.4%
Annual Return (Compounded)

Rate of Return Calculations

Overview

To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.

How Annualized (Compounded) Rate of Return is calculated

= ((Ending_equity / Starting_equity) ^ (1 / age_in_years)) - 1

Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in marked-to-market equity calculations.

All results are hypothetical.

(66.3%)
Max Drawdown
462
Num Trades
33.1%
Win Trades
1.6 : 1
Profit Factor
49.0%
Win Months
Hypothetical Monthly Returns (includes system fee and Typical Broker commissions and fees)
 JanFebMarAprMayJunJulAugSepOctNovDecYTD
2020              (2.2%)+16.8%+13.0%+27.0%+30.5%(11.9%)(5.7%)(4.3%)+70.4%+8.1%+213.4%
2021+18.7%+13.3%(5.1%)(2.9%)+12.5%(5.4%)(13.1%)+7.1%(9.5%)(3%)(17.3%)(12.6%)(22.2%)
2022(15.2%)(8.7%)+8.4%+45.5%(2.7%)(9.5%)+3.6%+0.8%(9.6%)(1.1%)(2.2%)(4.7%)(6.4%)
2023+11.7%(3.3%)+2.4%(3%)(5.6%)+4.0%+3.1%+2.8%(9.3%)(7.5%)+17.4%+11.7%+22.6%
2024+1.4%+15.4%+3.9%                                                      +21.5%

Model Account Details

A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.

Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.

System developer has asked us to delay this information by 168 hours.

Trading Record

This strategy has placed 1,980 trades in real-life brokerage accounts. The most recent trade in a real-money brokerage account occurred more than 884 days ago.

Download CSV
Long
Short
Both
Win
Loss
Both
Opened Date/TimeSymbolDescriptionSideQtyAvg PriceClosed Date/TimeAvg PriceDrawdownP/L
5/4/22 10:22 LTHM LIVENT CORP LONG 100 26.43 1/4/24 9:30 0.00 0.72%
Trade id #140362347
Max drawdown($817)
Time1/3/23 0:00
Quant open100
Worst price18.26
Drawdown as % of equity-0.72%
($2,645)
Includes Typical Broker Commissions trade costs of $2.00
2/15/23 13:04 PRVB PROVENTION BIO INC. COMMON STOCK LONG 150 9.62 3/13 10:51 23.96 0.33%
Trade id #143595205
Max drawdown($454)
Time3/10/23 0:00
Quant open150
Worst price6.59
Drawdown as % of equity-0.33%
$2,148
Includes Typical Broker Commissions trade costs of $3.00
6/3/21 11:45 SNDL SUNDIAL GROWERS INC. COMMON SHARES LONG 400 12.38 2/15/23 13:04 2.09 3.25%
Trade id #135892259
Max drawdown($4,173)
Time12/22/22 0:00
Quant open400
Worst price1.95
Drawdown as % of equity-3.25%
($4,125)
Includes Typical Broker Commissions trade costs of $8.00
9/2/21 9:34 ZEV LIGHTNING EMOTORS INC LONG 300 9.15 2/15/23 13:03 0.66 2.1%
Trade id #137223342
Max drawdown($2,659)
Time12/28/22 0:00
Quant open300
Worst price0.29
Drawdown as % of equity-2.10%
($2,554)
Includes Typical Broker Commissions trade costs of $6.00
2/3/22 11:18 AGFY AGRIFY CORPORATION COMMON STOCK LONG 30 70.10 2/15/23 13:03 0.42 1.62%
Trade id #139236096
Max drawdown($2,095)
Time12/16/22 0:00
Quant open30
Worst price0.25
Drawdown as % of equity-1.62%
($2,092)
Includes Typical Broker Commissions trade costs of $0.60
10/4/21 10:45 OGI ORGANIGRAM HOLDINGS INC LONG 1,000 2.21 2/15/23 13:02 0.83 1.18%
Trade id #137646751
Max drawdown($1,515)
Time12/27/22 0:00
Quant open1,000
Worst price0.70
Drawdown as % of equity-1.18%
($1,395)
Includes Typical Broker Commissions trade costs of $5.00
3/28/22 10:56 GFAI GUARDFORCE AI CO. LIMITED LONG 62 43.44 2/15/23 13:02 18.52 2.34%
Trade id #139940913
Max drawdown($2,629)
Time3/28/22 12:10
Quant open62
Worst price1.03
Drawdown as % of equity-2.34%
($1,546)
Includes Typical Broker Commissions trade costs of $1.24
11/3/21 11:13 VUZI VUZIX CORP LONG 150 12.99 2/15/23 13:02 5.07 1.15%
Trade id #138059608
Max drawdown($1,458)
Time12/28/22 0:00
Quant open150
Worst price3.27
Drawdown as % of equity-1.15%
($1,191)
Includes Typical Broker Commissions trade costs of $3.00
6/7/21 11:01 SENS SENSEONICS HOLDINGS INC LONG 1,300 2.91 2/15/23 13:02 1.78 1.43%
Trade id #135941094
Max drawdown($2,143)
Time5/12/22 0:00
Quant open1,000
Worst price0.77
Drawdown as % of equity-1.43%
($1,495)
Includes Typical Broker Commissions trade costs of $18.50
10/29/21 9:57 UAVS AGEAGLE AERIAL SYSTEMS INC LONG 1,000 3.22 2/15/23 13:01 1.67 1.16%
Trade id #138004137
Max drawdown($1,461)
Time12/29/22 0:00
Quant open500
Worst price0.30
Drawdown as % of equity-1.16%
($1,570)
Includes Typical Broker Commissions trade costs of $20.00
8/5/21 9:57 FUV ARCIMOTO INC. COMMON STOCK LONG 5 352.89 12/13/22 10:13 3.73 1.33%
Trade id #136841484
Max drawdown($1,745)
Time12/13/22 9:45
Quant open5
Worst price3.73
Drawdown as % of equity-1.33%
($1,746)
Includes Typical Broker Commissions trade costs of $0.10
6/21/21 11:40 VERO VENUS CONCEPT INC LONG 3,500 2.64 12/13/22 10:13 1.34 1.68%
Trade id #136144472
Max drawdown($2,980)
Time11/15/21 0:00
Quant open3,000
Worst price1.65
Drawdown as % of equity-1.68%
($4,595)
Includes Typical Broker Commissions trade costs of $47.50
5/23/22 9:55 NURO NEUROMETRIX INC. COMMON STOCK LONG 500 4.07 12/13 9:31 1.63 0.99%
Trade id #140563973
Max drawdown($1,360)
Time11/3/22 0:00
Quant open500
Worst price1.35
Drawdown as % of equity-0.99%
($1,230)
Includes Typical Broker Commissions trade costs of $10.00
7/12/21 9:53 ELYS ELYS BMG GROUP INC. LONG 750 4.16 12/13/22 9:31 2.03 1.52%
Trade id #136429064
Max drawdown($2,021)
Time11/30/22 0:00
Quant open500
Worst price0.12
Drawdown as % of equity-1.52%
($1,607)
Includes Typical Broker Commissions trade costs of $10.00
6/11/21 10:07 MNMD MIND MEDICINE (MINDMED) INC. LONG 49 56.88 12/13/22 9:31 2.68 1.98%
Trade id #136022531
Max drawdown($2,672)
Time11/9/22 0:00
Quant open49
Worst price2.35
Drawdown as % of equity-1.98%
($2,657)
Includes Typical Broker Commissions trade costs of $0.98
9/27/21 9:59 ASAP WAITR HOLDINGS INC. LONG 62 23.20 12/13/22 9:30 5.58 0.87%
Trade id #137542373
Max drawdown($1,135)
Time12/12/22 0:00
Quant open50
Worst price0.48
Drawdown as % of equity-0.87%
($1,094)
Includes Typical Broker Commissions trade costs of $1.24
3/18/21 12:18 LIZI LIZHI INC. AMERICAN DEPOSITARY SHARES LONG 1,400 8.28 12/13/22 9:30 3.81 4.36%
Trade id #134703583
Max drawdown($5,922)
Time10/24/22 0:00
Quant open750
Worst price0.38
Drawdown as % of equity-4.36%
($6,280)
Includes Typical Broker Commissions trade costs of $23.00
8/31/22 12:18 GTE GRAN TIERRA ENERGY LONG 1,000 1.41 12/13 9:30 0.94 0.37%
Trade id #141608179
Max drawdown($488)
Time12/9/22 0:00
Quant open1,000
Worst price0.92
Drawdown as % of equity-0.37%
($477)
Includes Typical Broker Commissions trade costs of $5.00
5/11/21 9:32 BOXL BOXLIGHT CORPORATION CLASS A LONG 1,500 2.28 12/13/22 9:30 0.95 1.47%
Trade id #135555570
Max drawdown($1,985)
Time12/6/22 0:00
Quant open1,000
Worst price0.29
Drawdown as % of equity-1.47%
($2,010)
Includes Typical Broker Commissions trade costs of $17.50
4/8/21 11:32 IZEA IZEA INC. COMMON STOCK LONG 500 4.89 12/13/22 9:30 1.25 1.3%
Trade id #135063173
Max drawdown($1,727)
Time11/22/22 0:00
Quant open400
Worst price0.58
Drawdown as % of equity-1.30%
($1,833)
Includes Typical Broker Commissions trade costs of $10.00
3/11/21 15:08 HEXO HEXO CORP LONG 500 6.55 12/13/22 9:30 0.16 2.4%
Trade id #134570040
Max drawdown($3,197)
Time11/30/22 0:00
Quant open500
Worst price0.16
Drawdown as % of equity-2.40%
($3,207)
Includes Typical Broker Commissions trade costs of $10.00
5/7/21 10:49 HAVLF HAVN LIFE SCIENCES INC LONG 66 18.70 12/13/22 9:30 0.04 1.25%
Trade id #135508301
Max drawdown($1,232)
Time3/8/22 0:00
Quant open66
Worst price0.03
Drawdown as % of equity-1.25%
($1,232)
Includes Typical Broker Commissions trade costs of $1.32
8/4/21 10:08 SKLZ SKILLZ INC LONG 100 12.71 12/13/22 9:30 0.88 0.88%
Trade id #136822601
Max drawdown($1,187)
Time10/13/22 0:00
Quant open100
Worst price0.83
Drawdown as % of equity-0.88%
($1,185)
Includes Typical Broker Commissions trade costs of $2.00
8/5/21 9:38 TRVG TRIVAGO N.V. AMERICAN DEPOSITARY SHARES LONG 3,500 2.67 9/8/22 10:32 1.71 1.61%
Trade id #136840640
Max drawdown($2,648)
Time5/4/22 0:00
Quant open3,500
Worst price1.92
Drawdown as % of equity-1.61%
($3,406)
Includes Typical Broker Commissions trade costs of $25.00
2/1/22 10:26 BCRX BIOCRYST PHARMACEUTICALS LONG 200 15.71 9/8 10:30 13.63 1.08%
Trade id #139192402
Max drawdown($1,620)
Time5/12/22 0:00
Quant open200
Worst price7.61
Drawdown as % of equity-1.08%
($420)
Includes Typical Broker Commissions trade costs of $4.00
11/4/21 10:21 ARTL ARTELO BIOSCIENCES INC. COMMON STOCK LONG 199 11.80 8/16/22 12:12 6.04 1.13%
Trade id #138074950
Max drawdown($1,629)
Time8/10/22 0:00
Quant open199
Worst price3.61
Drawdown as % of equity-1.13%
($1,149)
Includes Typical Broker Commissions trade costs of $3.98
3/9/22 10:16 BBIG VINCO VENTURES INC LONG 1,500 2.62 5/27 12:57 2.32 0.34%
Trade id #139715031
Max drawdown($500)
Time5/27/22 11:47
Quant open1,500
Worst price2.29
Drawdown as % of equity-0.34%
($465)
Includes Typical Broker Commissions trade costs of $10.00
7/12/21 10:06 TBLTW TOUGHBUILT INDUSTRIES INC. WARRANT LONG 2,000 0.24 5/23/22 13:20 0.09 0.41%
Trade id #136429514
Max drawdown($389)
Time3/10/22 0:00
Quant open2,000
Worst price0.05
Drawdown as % of equity-0.41%
($320)
Includes Typical Broker Commissions trade costs of $7.50
6/4/21 14:11 FPAY FLEXSHOPPER INC. COMMON STOCK LONG 1,250 3.01 5/23/22 13:20 1.22 1.87%
Trade id #135917601
Max drawdown($2,721)
Time5/16/22 0:00
Quant open1,250
Worst price0.83
Drawdown as % of equity-1.87%
($2,242)
Includes Typical Broker Commissions trade costs of $7.50
12/28/20 9:32 TBLT TOUGHBUILT INDUSTRIES INC LONG 23,200 0.99 4/26/22 11:18 4.06 n/a $71,006
Includes Typical Broker Commissions trade costs of $90.00

Statistics

  • Strategy began
    3/17/2020
  • Suggested Minimum Cap
    $15,000
  • Strategy Age (days)
    1471.62
  • Age
    49 months ago
  • What it trades
    Stocks
  • # Trades
    462
  • # Profitable
    153
  • % Profitable
    33.10%
  • Avg trade duration
    107.6 days
  • Max peak-to-valley drawdown
    66.32%
  • drawdown period
    May 17, 2022 - Oct 04, 2023
  • Annual Return (Compounded)
    35.4%
  • Avg win
    $2,618
  • Avg loss
    $797.64
  • Model Account Values (Raw)
  • Cash
    $108,748
  • Margin Used
    $0
  • Buying Power
    $139,494
  • Ratios
  • W:L ratio
    1.63:1
  • Sharpe Ratio
    0.62
  • Sortino Ratio
    1.57
  • Calmar Ratio
    0.916
  • CORRELATION STATISTICS
  • Return of Strat Pcnt - Return of SP500 Pcnt (cumu)
    132.73%
  • Correlation to SP500
    0.19440
  • Return Percent SP500 (cumu) during strategy life
    107.62%
  • Return Statistics
  • Ann Return (w trading costs)
    35.4%
  • Slump
  • Current Slump as Pcnt Equity
    35.50%
  • Instruments
  • Percent Trades Futures
    n/a
  • Slump
  • Current Slump, time of slump as pcnt of strategy life
    0.46%
  • Return Statistics
  • Return Pcnt Since TOS Status
    n/a
  • Instruments
  • Short Options - Percent Covered
    100.00%
  • Return Statistics
  • Return Pcnt (Compound or Annual, age-based, NFA compliant)
    0.354%
  • Instruments
  • Percent Trades Options
    n/a
  • Percent Trades Stocks
    1.00%
  • Percent Trades Forex
    n/a
  • Return Statistics
  • Ann Return (Compnd, No Fees)
    41.9%
  • Risk of Ruin (Monte-Carlo)
  • Chance of 10% account loss
    84.00%
  • Chance of 20% account loss
    73.50%
  • Chance of 30% account loss
    55.00%
  • Chance of 40% account loss
    36.00%
  • Chance of 60% account loss (Monte Carlo)
    13.50%
  • Chance of 70% account loss (Monte Carlo)
    6.00%
  • Chance of 80% account loss (Monte Carlo)
    1.50%
  • Chance of 90% account loss (Monte Carlo)
    n/a
  • Chance of 100% account loss (Monte Carlo)
    n/a
  • Automation
  • Percentage Signals Automated
    n/a
  • Risk of Ruin (Monte-Carlo)
  • Chance of 50% account loss
    25.50%
  • Popularity
  • Popularity (Today)
    0
  • Popularity (Last 6 weeks)
    518
  • Trading Style
  • Any stock shorts? 0/1
    0
  • Popularity
  • Popularity (7 days, Percentile 1000 scale)
    329
  • Trades-Own-System Certification
  • Trades Own System?
    -
  • TOS percent
    n/a
  • Win / Loss
  • Avg Loss
    $798
  • Avg Win
    $2,619
  • Sum Trade PL (losers)
    $246,470.000
  • Age
  • Num Months filled monthly returns table
    49
  • Win / Loss
  • Sum Trade PL (winners)
    $400,676.000
  • # Winners
    153
  • Num Months Winners
    24
  • Dividends
  • Dividends Received in Model Acct
    758
  • Win / Loss
  • # Losers
    309
  • % Winners
    33.1%
  • Frequency
  • Avg Position Time (mins)
    195361.00
  • Avg Position Time (hrs)
    3256.02
  • Avg Trade Length
    135.7 days
  • Last Trade Ago
    84
  • Leverage
  • Daily leverage (average)
    1.10
  • Daily leverage (max)
    2.27
  • Regression
  • Alpha
    0.08
  • Beta
    0.54
  • Treynor Index
    0.21
  • Maximum Adverse Excursion (MAE)
  • MAE:Equity, average, all trades
    0.01
  • MAE:PL - worst single value for strategy
    -
  • MAE:PL (avg, winning trades)
    -
  • MAE:PL (avg, losing trades)
    -
  • MAE:PL (avg, all trades)
    -0.36
  • MAE:Equity, average, winning trades
    0.00
  • MAE:Equity, average, losing trades
    0.01
  • Avg(MAE) / Avg(PL) - All trades
    11.388
  • MAE:Equity, losing trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, win trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, 95th Percentile Value for this strat
    0.03
  • Avg(MAE) / Avg(PL) - Winning trades
    0.193
  • Avg(MAE) / Avg(PL) - Losing trades
    -1.157
  • Hold-and-Hope Ratio
    0.201
  • Analysis based on MONTHLY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.40628
  • SD
    0.50405
  • Sharpe ratio (Glass type estimate)
    0.80603
  • Sharpe ratio (Hedges UMVUE)
    0.79041
  • df
    39.00000
  • t
    1.47160
  • p
    0.07458
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.28718
  • Upperbound of 95% confidence interval for Sharpe Ratio
    1.88924
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.29734
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    1.87816
  • Statistics related to Sortino ratio
  • Sortino ratio
    2.17274
  • Upside Potential Ratio
    4.38498
  • Upside part of mean
    0.81995
  • Downside part of mean
    -0.41367
  • Upside SD
    0.47593
  • Downside SD
    0.18699
  • N nonnegative terms
    20.00000
  • N negative terms
    20.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    40.00000
  • Mean of predictor
    0.15563
  • Mean of criterion
    0.40628
  • SD of predictor
    0.14145
  • SD of criterion
    0.50405
  • Covariance
    0.01355
  • r
    0.19006
  • b (slope, estimate of beta)
    0.67728
  • a (intercept, estimate of alpha)
    0.30088
  • Mean Square Error
    0.25133
  • DF error
    38.00000
  • t(b)
    1.19337
  • p(b)
    0.12006
  • t(a)
    1.04309
  • p(a)
    0.15175
  • Lowerbound of 95% confidence interval for beta
    -0.47164
  • Upperbound of 95% confidence interval for beta
    1.82620
  • Lowerbound of 95% confidence interval for alpha
    -0.28305
  • Upperbound of 95% confidence interval for alpha
    0.88481
  • Treynor index (mean / b)
    0.59987
  • Jensen alpha (a)
    0.30088
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.29443
  • SD
    0.45124
  • Sharpe ratio (Glass type estimate)
    0.65248
  • Sharpe ratio (Hedges UMVUE)
    0.63984
  • df
    39.00000
  • t
    1.19126
  • p
    0.12037
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.43477
  • Upperbound of 95% confidence interval for Sharpe Ratio
    1.73158
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.44303
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    1.72270
  • Statistics related to Sortino ratio
  • Sortino ratio
    1.49904
  • Upside Potential Ratio
    3.69516
  • Upside part of mean
    0.72577
  • Downside part of mean
    -0.43134
  • Upside SD
    0.40887
  • Downside SD
    0.19641
  • N nonnegative terms
    20.00000
  • N negative terms
    20.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    40.00000
  • Mean of predictor
    0.14466
  • Mean of criterion
    0.29443
  • SD of predictor
    0.14097
  • SD of criterion
    0.45124
  • Covariance
    0.01350
  • r
    0.21219
  • b (slope, estimate of beta)
    0.67921
  • a (intercept, estimate of alpha)
    0.19617
  • Mean Square Error
    0.19957
  • DF error
    38.00000
  • t(b)
    1.33849
  • p(b)
    0.09435
  • t(a)
    0.76792
  • p(a)
    0.22364
  • Lowerbound of 95% confidence interval for beta
    -0.34806
  • Upperbound of 95% confidence interval for beta
    1.70649
  • Lowerbound of 95% confidence interval for alpha
    -0.32098
  • Upperbound of 95% confidence interval for alpha
    0.71332
  • Treynor index (mean / b)
    0.43348
  • Jensen alpha (a)
    0.19617
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.17281
  • Expected Shortfall on VaR
    0.21574
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.08060
  • Expected Shortfall on VaR
    0.12993
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    40.00000
  • Minimum
    0.85908
  • Quartile 1
    0.94357
  • Median
    0.99180
  • Quartile 3
    1.07075
  • Maximum
    1.44485
  • Mean of quarter 1
    0.90577
  • Mean of quarter 2
    0.96100
  • Mean of quarter 3
    1.03632
  • Mean of quarter 4
    1.24165
  • Inter Quartile Range
    0.12718
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    4.00000
  • Percentage of outliers high
    0.10000
  • Mean of outliers high
    1.38750
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    -1.56715
  • VaR(95%) (moments method)
    0.10165
  • Expected Shortfall (moments method)
    0.10433
  • Extreme Value Index (regression method)
    -0.51900
  • VaR(95%) (regression method)
    0.09928
  • Expected Shortfall (regression method)
    0.10990
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    2.00000
  • Minimum
    0.13176
  • Quartile 1
    0.22526
  • Median
    0.31877
  • Quartile 3
    0.41227
  • Maximum
    0.50578
  • Mean of quarter 1
    0.13176
  • Mean of quarter 2
    0.00000
  • Mean of quarter 3
    0.00000
  • Mean of quarter 4
    0.50578
  • Inter Quartile Range
    0.18701
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    0.00000
  • Percentage of outliers high
    0.00000
  • Mean of outliers high
    0.00000
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    0.00000
  • VaR(95%) (moments method)
    0.00000
  • Expected Shortfall (moments method)
    0.00000
  • Extreme Value Index (regression method)
    0.00000
  • VaR(95%) (regression method)
    0.00000
  • Expected Shortfall (regression method)
    0.00000
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.57851
  • Compounded annual return (geometric extrapolation)
    0.38034
  • Calmar ratio (compounded annual return / max draw down)
    0.75200
  • Compounded annual return / average of 25% largest draw downs
    0.75200
  • Compounded annual return / Expected Shortfall lognormal
    1.76299
  • 0.00000
  • 0.00000
  • Analysis based on DAILY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.49299
  • SD
    0.49504
  • Sharpe ratio (Glass type estimate)
    0.99586
  • Sharpe ratio (Hedges UMVUE)
    0.99502
  • df
    887.00000
  • t
    1.83339
  • p
    0.03354
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.07001
  • Upperbound of 95% confidence interval for Sharpe Ratio
    2.06123
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.07060
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    2.06064
  • Statistics related to Sortino ratio
  • Sortino ratio
    2.41363
  • Upside Potential Ratio
    10.42150
  • Upside part of mean
    2.12863
  • Downside part of mean
    -1.63564
  • Upside SD
    0.45166
  • Downside SD
    0.20425
  • N nonnegative terms
    449.00000
  • N negative terms
    439.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    888.00000
  • Mean of predictor
    0.21059
  • Mean of criterion
    0.49299
  • SD of predictor
    0.21510
  • SD of criterion
    0.49504
  • Covariance
    0.02473
  • r
    0.23222
  • b (slope, estimate of beta)
    0.53443
  • a (intercept, estimate of alpha)
    0.38000
  • Mean Square Error
    0.23211
  • DF error
    886.00000
  • t(b)
    7.10641
  • p(b)
    0.00000
  • t(a)
    1.45112
  • p(a)
    0.07355
  • Lowerbound of 95% confidence interval for beta
    0.38683
  • Upperbound of 95% confidence interval for beta
    0.68203
  • Lowerbound of 95% confidence interval for alpha
    -0.13411
  • Upperbound of 95% confidence interval for alpha
    0.89499
  • Treynor index (mean / b)
    0.92246
  • Jensen alpha (a)
    0.38044
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.39071
  • SD
    0.43383
  • Sharpe ratio (Glass type estimate)
    0.90061
  • Sharpe ratio (Hedges UMVUE)
    0.89985
  • df
    887.00000
  • t
    1.65803
  • p
    0.04883
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.16508
  • Upperbound of 95% confidence interval for Sharpe Ratio
    1.96580
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.16559
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    1.96528
  • Statistics related to Sortino ratio
  • Sortino ratio
    1.87165
  • Upside Potential Ratio
    9.80900
  • Upside part of mean
    2.04764
  • Downside part of mean
    -1.65693
  • Upside SD
    0.38079
  • Downside SD
    0.20875
  • N nonnegative terms
    449.00000
  • N negative terms
    439.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    888.00000
  • Mean of predictor
    0.18749
  • Mean of criterion
    0.39071
  • SD of predictor
    0.21445
  • SD of criterion
    0.43383
  • Covariance
    0.02443
  • r
    0.26260
  • b (slope, estimate of beta)
    0.53123
  • a (intercept, estimate of alpha)
    0.29111
  • Mean Square Error
    0.17543
  • DF error
    886.00000
  • t(b)
    8.10063
  • p(b)
    0.00000
  • t(a)
    1.27771
  • p(a)
    0.10084
  • Lowerbound of 95% confidence interval for beta
    0.40252
  • Upperbound of 95% confidence interval for beta
    0.65993
  • Lowerbound of 95% confidence interval for alpha
    -0.15605
  • Upperbound of 95% confidence interval for alpha
    0.73828
  • Treynor index (mean / b)
    0.73549
  • Jensen alpha (a)
    0.29111
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.04170
  • Expected Shortfall on VaR
    0.05233
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.01430
  • Expected Shortfall on VaR
    0.02784
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    888.00000
  • Minimum
    0.90901
  • Quartile 1
    0.99128
  • Median
    1.00032
  • Quartile 3
    1.00900
  • Maximum
    1.66798
  • Mean of quarter 1
    0.97926
  • Mean of quarter 2
    0.99598
  • Mean of quarter 3
    1.00419
  • Mean of quarter 4
    1.02852
  • Inter Quartile Range
    0.01772
  • Number outliers low
    20.00000
  • Percentage of outliers low
    0.02252
  • Mean of outliers low
    0.94636
  • Number of outliers high
    37.00000
  • Percentage of outliers high
    0.04167
  • Mean of outliers high
    1.07929
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    0.14502
  • VaR(95%) (moments method)
    0.02023
  • Expected Shortfall (moments method)
    0.02961
  • Extreme Value Index (regression method)
    0.05816
  • VaR(95%) (regression method)
    0.01954
  • Expected Shortfall (regression method)
    0.02701
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    29.00000
  • Minimum
    0.00037
  • Quartile 1
    0.00567
  • Median
    0.01663
  • Quartile 3
    0.02877
  • Maximum
    0.56756
  • Mean of quarter 1
    0.00260
  • Mean of quarter 2
    0.01117
  • Mean of quarter 3
    0.02345
  • Mean of quarter 4
    0.18624
  • Inter Quartile Range
    0.02311
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    6.00000
  • Percentage of outliers high
    0.20690
  • Mean of outliers high
    0.20962
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    -0.05908
  • VaR(95%) (moments method)
    0.10015
  • Expected Shortfall (moments method)
    0.14100
  • Extreme Value Index (regression method)
    0.25941
  • VaR(95%) (regression method)
    0.21156
  • Expected Shortfall (regression method)
    0.39331
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.92416
  • Compounded annual return (geometric extrapolation)
    0.51986
  • Calmar ratio (compounded annual return / max draw down)
    0.91596
  • Compounded annual return / average of 25% largest draw downs
    2.79130
  • Compounded annual return / Expected Shortfall lognormal
    9.93506
  • 0.00000
  • 0.00000
  • Analysis based on DAILY values, last 6 months only
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.68026
  • SD
    0.41259
  • Sharpe ratio (Glass type estimate)
    1.64877
  • Sharpe ratio (Hedges UMVUE)
    1.63924
  • df
    130.00000
  • t
    1.16586
  • p
    0.44914
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -1.13330
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.42467
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -1.13972
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.41820
  • Statistics related to Sortino ratio
  • Sortino ratio
    3.02996
  • Upside Potential Ratio
    8.60892
  • Upside part of mean
    1.93281
  • Downside part of mean
    -1.25254
  • Upside SD
    0.34683
  • Downside SD
    0.22451
  • N nonnegative terms
    66.00000
  • N negative terms
    65.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    131.00000
  • Mean of predictor
    0.58860
  • Mean of criterion
    0.68026
  • SD of predictor
    0.19061
  • SD of criterion
    0.41259
  • Covariance
    0.03656
  • r
    0.46486
  • b (slope, estimate of beta)
    1.00622
  • a (intercept, estimate of alpha)
    0.08800
  • Mean Square Error
    0.13448
  • DF error
    129.00000
  • t(b)
    5.96336
  • p(b)
    0.21509
  • t(a)
    0.16665
  • p(a)
    0.49066
  • Lowerbound of 95% confidence interval for beta
    0.67237
  • Upperbound of 95% confidence interval for beta
    1.34006
  • Lowerbound of 95% confidence interval for alpha
    -0.95673
  • Upperbound of 95% confidence interval for alpha
    1.13272
  • Treynor index (mean / b)
    0.67606
  • Jensen alpha (a)
    0.08800
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.59695
  • SD
    0.40558
  • Sharpe ratio (Glass type estimate)
    1.47185
  • Sharpe ratio (Hedges UMVUE)
    1.46334
  • df
    130.00000
  • t
    1.04076
  • p
    0.45455
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -1.30850
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.24665
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -1.31416
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.24085
  • Statistics related to Sortino ratio
  • Sortino ratio
    2.56415
  • Upside Potential Ratio
    8.05736
  • Upside part of mean
    1.87581
  • Downside part of mean
    -1.27886
  • Upside SD
    0.33226
  • Downside SD
    0.23281
  • N nonnegative terms
    66.00000
  • N negative terms
    65.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    131.00000
  • Mean of predictor
    0.57016
  • Mean of criterion
    0.59695
  • SD of predictor
    0.18838
  • SD of criterion
    0.40558
  • Covariance
    0.03506
  • r
    0.45883
  • b (slope, estimate of beta)
    0.98786
  • a (intercept, estimate of alpha)
    0.03371
  • Mean Square Error
    0.13087
  • DF error
    129.00000
  • t(b)
    5.86513
  • p(b)
    0.21850
  • t(a)
    0.06476
  • p(a)
    0.49637
  • VAR (95 Confidence Intrvl)
    0.04200
  • Lowerbound of 95% confidence interval for beta
    0.65461
  • Upperbound of 95% confidence interval for beta
    1.32109
  • Lowerbound of 95% confidence interval for alpha
    -0.99619
  • Upperbound of 95% confidence interval for alpha
    1.06361
  • Treynor index (mean / b)
    0.60429
  • Jensen alpha (a)
    0.03371
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.03819
  • Expected Shortfall on VaR
    0.04816
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.01065
  • Expected Shortfall on VaR
    0.02355
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    131.00000
  • Minimum
    0.90901
  • Quartile 1
    0.99580
  • Median
    1.00022
  • Quartile 3
    1.00421
  • Maximum
    1.12358
  • Mean of quarter 1
    0.98317
  • Mean of quarter 2
    0.99807
  • Mean of quarter 3
    1.00241
  • Mean of quarter 4
    1.02715
  • Inter Quartile Range
    0.00841
  • Number outliers low
    9.00000
  • Percentage of outliers low
    0.06870
  • Mean of outliers low
    0.95621
  • Number of outliers high
    12.00000
  • Percentage of outliers high
    0.09160
  • Mean of outliers high
    1.06248
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    0.88112
  • VaR(95%) (moments method)
    0.01761
  • Expected Shortfall (moments method)
    0.14894
  • Extreme Value Index (regression method)
    0.96551
  • VaR(95%) (regression method)
    0.01220
  • Expected Shortfall (regression method)
    0.29341
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    8.00000
  • Minimum
    0.00406
  • Quartile 1
    0.01605
  • Median
    0.02550
  • Quartile 3
    0.06833
  • Maximum
    0.15943
  • Mean of quarter 1
    0.00779
  • Mean of quarter 2
    0.01984
  • Mean of quarter 3
    0.04501
  • Mean of quarter 4
    0.12466
  • Inter Quartile Range
    0.05227
  • Number outliers low
    0.00000
  • Percentage of outliers low
    0.00000
  • Mean of outliers low
    0.00000
  • Number of outliers high
    1.00000
  • Percentage of outliers high
    0.12500
  • Mean of outliers high
    0.15943
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    0.00000
  • VaR(95%) (moments method)
    0.00000
  • Expected Shortfall (moments method)
    0.00000
  • Extreme Value Index (regression method)
    0.00000
  • VaR(95%) (regression method)
    0.00000
  • Last 4 Months - Pcnt Negative
    n/a
  • Expected Shortfall (regression method)
    0.00000
  • Strat Max DD how much worse than SP500 max DD during strat life?
    -370198000
  • Max Equity Drawdown (num days)
    505
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    0.73348
  • Compounded annual return (geometric extrapolation)
    0.86798
  • Calmar ratio (compounded annual return / max draw down)
    5.44445
  • Compounded annual return / average of 25% largest draw downs
    6.96258
  • Compounded annual return / Expected Shortfall lognormal
    18.02110

Strategy Description

Welcome to the Bud Capital Small Cap focused Equity Fund.

This strategy invests real money drawing from my 17 years of trading and investing experience (formerly a wealth manager and proprietary trader.) I research opportunities with a micro focus using a bottom-up diversified approach combining fundamental and technical analysis, sentiment, momentum & macro themes. Vigorous research is employed to identify small/micro cap opportunities with multi-bagger potential. Risk management is a top priority. I do not hold more than 10-15% of my portfolio in any one position. I also do not use leverage. No shorts are held in this fund.

Who is my ideal investor? investors looking for an alternative investment strategy either alongside others or whom have an appetite for a favourable risk/reward opportunity over a 3-5 year time horizon. The business's I look for have the potential to disrupt their markets with ample growth prospects and good management and need time to grow. As with all strategies there will be drawdowns but time in my strategy rather than timing my strategy is key. My goal is to grow this fund over the long term and if I feel liquidity ever becomes an issue I will restrict new investors.

Guidelines:
- Min investment: $15,000
- With regard to joining existing trades you may be entering at a price higher than the fund's purchase price - this means you need a long term investing mindset in case of volatility.
- I am seeking % growth in the 100's over the long term therefore drawdowns are to be expected.
- I strongly advise against trying to time my strategy by increasing allocation on the way up and decreasing on the way down.
- Ensure OTC permissions are turned for the odd investment that breeds high conviction.

Summary Statistics

Strategy began
2020-03-17
Suggested Minimum Capital
$15,000
# Trades
462
# Profitable
153
% Profitable
33.1%
Net Dividends
Correlation S&P500
0.194
Sharpe Ratio
0.62
Sortino Ratio
1.57
Beta
0.54
Alpha
0.08
Leverage
1.10 Average
2.27 Maximum
Summary
Higher leverage = greater risk.

More information about leverage

Collective2 calculates the maximum leverage used by a strategy in each day. We then display the average of these measurements (i.e. the average daily maximum leverage) and the greatest of these measurements (maximum daily leverage).

Leverage is the ratio of total notional value controlled by a strategy divided by its Model Account equity. Generally higher leverage implies greater risk.

Example of calculation:
The Strategy buys 100 shares of stock at $12 per share.
The Model Account equity during that day is $5,000.
The leverage is: $1200 / $5,000 = 0.24

This is a useful measurement, but it should be considered in context. This measurement doesn't take into account important factors, such as when multiple positions are held that are inversely correlated. Nor does the measurement take into account the volatility of the instruments being held.

In addition, certain asset classes are inherently more leveraged than others. For example, futures contracts are highly leveraged. Forex positions are often even more leveraged than futures.

Latest Activity

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Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.

Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.

Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.

About the results you see on this Web site

Past results are not necessarily indicative of future results.

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Material assumptions and methods used when calculating results

The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.

  • Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
  • Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been re-scaled downward to make current go-forward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
  • All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any per-trade AutoTrade fees, plus estimated broker commissions if any.
  • "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.

Trading is risky

There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.

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Suggested Minimum Capital

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