Algorithm Performance: 08/10/2022
Performance Rankings
Base Algorithm: +0.36%
The Market: +0.29%
The Neural Net: +0.12%
GoodVibrations: +0.11%
Kokomo: +0.10%
FeelGoodInc: +0.10%
Long Term Portfolio: +0.09%
Trading Bot: +0.04%
What Happened And Why?
Today was pretty solid for us, algorithm-wise. For a bull day, this is what we want to see. Our hedgers are all on-par with the long term portfolio, and the base algorithm outperformed by a much larger margin. FeelGoodInc, while slightly underperforming GoodVibrations, is super close to it. After 3 days, it’s yet to give us a day of bad performance.
While our long term portfolio lagged behind, it was still positive. This is in-line with what we expected when we decided to keep it conservative. This is a position, however, that we’re considering switching up on. PPI and Jobless Claim tomorrow are going to play into that choice, so I’ll hopefully be able to go more into this at a later date.
Looking in-depth, FGI seems to be taking from the Base Algo well. If we break down returns by sector:
Going through the above graphs, your eyes probably went to one column, and I agree it’s the important one here: Consumer Defensive. Our 2 older hedgers took their biggest losses on that sector, whereas the Base Algo got its biggest win there. FGI sharing the same win is a big success in my eyes, in terms of modeling. Yesterday’s report suggested that some of our trading signals can get weaker when calculated using modified price data. FGI and Base both winning big on the same sector backs up this hypothesis further.
All in all, today was a solid win for us and the market as a whole. Let’s hope it continues.
Tomorrow’s Outlook
The full algorithm reports will be published tomorrow morning, once Allen has had a chance to vet its recommendations. In the meantime, here are our tentative exposures for the trading day tomorrow:
That’s all for tonight. Thanks for reading and congrats to everyone who made money today. Best of luck tomorrow.
-Asher
