Algorithm Performance: 11/17/2022
Daily Performance
The Market: +0.97%
Long Term Portfolio: +0.68%
Variable Sector Neutral: +0.6%
Base Algorithm: +0.35%
Variable Market Neutral: +0.11%
Sector Neutral: -0.05%
Market Neutral: -0.19%
I’ll be blunt, today was not good for us. We lost, and we lost badly. The long term portfolio underperformed the market, and every algorithm underperformed the long term portfolio. This is, unfortunately, not a new development. It’s been consistent throughout the current dead cat bounce. We suspect it will continue until it’s finished. As such, we are advising against using our algorithms until further notice. The market is likely to outperform them.
At this time, we’ve begun working on an alternative system - one that adapts more quickly to macro changes in the market. It’s difficult to say when this will be ready, but we’ll give further updates when we have them.
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. Thank you for reading, and congrats to everyone who made money today. Let’s keep it going tomorrow.
-Asher
