Weekly Algorithm Review: 03/25/2023 to 03/31/2023
Algorithm Performance This Week
Base Algorithm: +1.29%
Overall Market: +0.97%
Long Term Portfolio: +0.9%
Variable Market Neutral: +0.64%
Market Neutral: +0.43%
Variable Sector Neutral: +0.18%
Sector Neutral: -0.31%
This was a solid week for us. The base algorithm outperformed by 39 bps. Not a huge win by any means, but one we’re very happy with. Our hedgers all did roughly as we expected. Even our long term portfolio, while underperforming the market, was in-line with our expectations. The portfolio is defensive, and it only really underperformed when the market went on a tear the last day and a half of the week. For the rest of the week, it was safely ahead of the market.
(We apologize for how hard to read this chart is - with 100 tickers to plot, this is about the best we can do.)
I’m still concerned about the algorithm’s large allocations into NVDA (and to a lesser extent, META), but they’ve continued working out for us. META is one of the best-performing tickers in our portfolio this week. NVDA, while far from the top, has been pretty consistent as well. Something to keep an eye on, at the very least.
What’s In The Pipeline?
We’re looking to improve TradeBot’s capabilities, as well as launching it on other platforms. A few interesting developments in AI tools are opening some doors for us here. I don’t want to go into it now (partly because it’s fairly technical, partly because we aren’t sure when we’ll roll out these improvements), but be on the lookout.
Misc. Data For The Week
