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Bud Capital Equity
(128090640)

Created by: Bud_Capital Bud_Capital
Started: 03/2020
Stocks
Last trade: 8 days ago
Trading style: Equity Hedged Equity

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 $349.00 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
Hedged Equity
Category: Equity

Hedged Equity

Core holding of long equities hedged at all times with short sales of stocks and/or stock index options.
140.7%
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.

(26.9%)
Max Drawdown
400
Num Trades
36.8%
Win Trades
2.2 : 1
Profit Factor
52.6%
Win Months
Hypothetical Monthly Returns (includes system fee and Typical Broker commissions and fees)
 JanFebMarAprMayJunJulAugSepOctNovDecYTD
2020              (1.7%)+17.2%+13.3%+27.1%+30.4%(11.5%)(5.3%)(4%)+69.1%+8.1%+218.3%
2021+18.6%+13.2%(4.9%)(2.7%)+12.4%(5.2%)(12.8%)+7.1%(3.7%)                  +19.1%

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 1,919 trades in real-life brokerage accounts. To see live brokerage data, select Show AutoTrade Data, and click on a Live AutoTrade Indicator symbol.

Download CSV
Long
Short
Both
Win
Loss
Both
Opened Date/TimeSymbolDescriptionSideQtyAvg PriceClosed Date/TimeAvg PriceDrawdownP/L
4/9/21 10:30 XDSL MPHASE TECHNOLOGIES INC. COMMON STOCK LONG 6,000 0.25 9/10 10:12 0.23 0.24%
Trade id #135079409
Max drawdown($438)
Time8/25/21 0:00
Quant open6,000
Worst price0.18
Drawdown as % of equity-0.24%
($100)
Includes Typical Broker Commissions trade costs of $7.50
8/17/21 15:26 NEGG NEWEGG COMMERCE INC LONG 100 17.08 9/10 10:10 17.66 0.05%
Trade id #137006816
Max drawdown($91)
Time8/19/21 0:00
Quant open100
Worst price16.17
Drawdown as % of equity-0.05%
$56
Includes Typical Broker Commissions trade costs of $2.00
9/3/21 9:49 HVBT HIVE BLOCKCHAIN TECHNOLOGIES LTD. COMMON SHARES LONG 500 3.48 9/10 10:09 3.06 0.12%
Trade id #137240013
Max drawdown($227)
Time9/8/21 0:00
Quant open500
Worst price3.03
Drawdown as % of equity-0.12%
($220)
Includes Typical Broker Commissions trade costs of $10.00
9/1/21 10:24 ADMP ADAMIS PHARMACEUTICALS LONG 1,000 1.12 9/9 9:42 1.05 0.04%
Trade id #137209651
Max drawdown($85)
Time9/8/21 0:00
Quant open1,000
Worst price1.04
Drawdown as % of equity-0.04%
($79)
Includes Typical Broker Commissions trade costs of $5.00
7/30/21 10:05 WKHS WORKHORSE GROUP INC. COMMON STOCK LONG 250 11.90 9/9 9:34 9.30 0.34%
Trade id #136756234
Max drawdown($616)
Time8/9/21 0:00
Quant open250
Worst price9.43
Drawdown as % of equity-0.34%
($654)
Includes Typical Broker Commissions trade costs of $5.00
8/23/21 10:04 SHIP SEANERGY MARITIME LONG 1,000 1.11 9/9 9:33 1.16 0.01%
Trade id #137079109
Max drawdown($15)
Time8/23/21 10:57
Quant open1,000
Worst price1.10
Drawdown as % of equity-0.01%
$44
Includes Typical Broker Commissions trade costs of $5.00
8/25/21 10:16 EXPR EXPRESS LONG 300 6.54 9/2 9:33 5.79 0.13%
Trade id #137116228
Max drawdown($258)
Time9/1/21 0:00
Quant open300
Worst price5.68
Drawdown as % of equity-0.13%
($232)
Includes Typical Broker Commissions trade costs of $6.00
7/20/21 12:51 SPRT SUPPORT.COM LONG 750 6.37 9/1 9:32 14.23 0.02%
Trade id #136595508
Max drawdown($36)
Time7/21/21 0:00
Quant open350
Worst price4.42
Drawdown as % of equity-0.02%
$5,882
Includes Typical Broker Commissions trade costs of $15.00
11/17/20 11:03 CLSH CLS HLDGS US ANC LONG 12,500 0.13 8/31/21 10:06 0.17 0.24%
Trade id #132301316
Max drawdown($300)
Time11/20/20 0:00
Quant open10,000
Worst price0.09
Drawdown as % of equity-0.24%
$516
Includes Typical Broker Commissions trade costs of $10.00
6/1/21 10:02 GSKY GREENSKY INC. CLASS A COMMON STOCK LONG 300 6.09 8/31 10:01 7.81 0.11%
Trade id #135854714
Max drawdown($224)
Time7/7/21 0:00
Quant open300
Worst price5.34
Drawdown as % of equity-0.11%
$510
Includes Typical Broker Commissions trade costs of $6.00
8/10/21 9:49 DVAX DYNAVAX TECHNOLOGIES CORPORATI LONG 150 11.52 8/31 10:00 19.39 0.02%
Trade id #136899741
Max drawdown($37)
Time8/10/21 10:50
Quant open150
Worst price11.27
Drawdown as % of equity-0.02%
$1,178
Includes Typical Broker Commissions trade costs of $3.00
3/24/21 11:07 BCRX BIOCRYST PHARMACEUTICALS LONG 1,100 10.88 8/31 9:59 15.19 0.5%
Trade id #134835858
Max drawdown($969)
Time4/13/21 0:00
Quant open700
Worst price9.23
Drawdown as % of equity-0.50%
$4,721
Includes Typical Broker Commissions trade costs of $22.00
7/19/21 13:42 AQST AQUESTIVE THERAPEUTICS INC. COMMON STOCK LONG 500 3.47 8/31 9:59 4.25 0.1%
Trade id #136562417
Max drawdown($187)
Time7/30/21 0:00
Quant open500
Worst price3.10
Drawdown as % of equity-0.10%
$375
Includes Typical Broker Commissions trade costs of $10.00
8/24/21 9:33 ADMP ADAMIS PHARMACEUTICALS LONG 1,000 1.13 8/27 9:44 1.05 0.05%
Trade id #137095023
Max drawdown($87)
Time8/27/21 9:36
Quant open1,000
Worst price1.04
Drawdown as % of equity-0.05%
($81)
Includes Typical Broker Commissions trade costs of $5.00
8/23/21 9:48 TVTX TRAVERE THERAPEUTICS INC. COMMON STOCK LONG 75 20.92 8/24 10:56 20.52 0.05%
Trade id #137078589
Max drawdown($81)
Time8/24/21 10:04
Quant open75
Worst price19.83
Drawdown as % of equity-0.05%
($32)
Includes Typical Broker Commissions trade costs of $1.50
7/6/21 9:58 WISH CONTEXTLOGIC INC. CLASS A COMMON STOCK LONG 300 12.11 8/20 10:06 7.86 0.7%
Trade id #136341435
Max drawdown($1,193)
Time8/19/21 0:00
Quant open200
Worst price6.14
Drawdown as % of equity-0.70%
($1,280)
Includes Typical Broker Commissions trade costs of $6.00
8/13/21 12:21 HOOD ROBINHOOD MARKETS INC LONG 60 49.66 8/17 12:43 46.35 0.12%
Trade id #136958950
Max drawdown($207)
Time8/17/21 12:43
Quant open60
Worst price46.20
Drawdown as % of equity-0.12%
($200)
Includes Typical Broker Commissions trade costs of $1.20
8/4/21 10:09 DLPN DOLPHIN ENTERTAINMENT INC. COMMON STOCK LONG 150 10.52 8/17 11:12 9.91 0.1%
Trade id #136822616
Max drawdown($181)
Time8/16/21 0:00
Quant open150
Worst price9.31
Drawdown as % of equity-0.10%
($95)
Includes Typical Broker Commissions trade costs of $3.00
8/16/21 11:09 ZEV LIGHTNING EMOTORS INC LONG 200 9.24 8/17 11:12 8.30 0.14%
Trade id #136982901
Max drawdown($248)
Time8/17/21 0:00
Quant open200
Worst price8.00
Drawdown as % of equity-0.14%
($192)
Includes Typical Broker Commissions trade costs of $4.00
8/13/21 10:06 MOGO MOGO INC. LONG 300 6.21 8/17 9:42 5.64 0.12%
Trade id #136954664
Max drawdown($206)
Time8/17/21 9:32
Quant open300
Worst price5.52
Drawdown as % of equity-0.12%
($176)
Includes Typical Broker Commissions trade costs of $6.00
7/22/21 10:18 EYES SECOND SIGHT MEDICAL PRODUCTS LONG 300 4.57 8/5 9:38 3.74 0.15%
Trade id #136633015
Max drawdown($273)
Time8/4/21 0:00
Quant open300
Worst price3.66
Drawdown as % of equity-0.15%
($254)
Includes Typical Broker Commissions trade costs of $6.00
2/24/21 13:44 LXXGF LEXAGENE HLDGS INC ORDINARY SHARES (CANADA) LONG 1,750 0.91 8/4 10:08 0.44 0.42%
Trade id #134261001
Max drawdown($785)
Time7/29/21 0:00
Quant open1,500
Worst price0.39
Drawdown as % of equity-0.42%
($845)
Includes Typical Broker Commissions trade costs of $15.00
3/17/21 15:00 YCBD CBDMD INC LONG 600 4.25 8/4 10:07 2.40 0.6%
Trade id #134682255
Max drawdown($1,114)
Time8/3/21 0:00
Quant open600
Worst price2.39
Drawdown as % of equity-0.60%
($1,114)
Includes Typical Broker Commissions trade costs of $8.50
7/29/21 10:16 NAOV NANOVIBRONIX INC. COMMON STOCK LONG 500 2.67 7/30 10:04 2.22 0.17%
Trade id #136731909
Max drawdown($307)
Time7/30/21 0:00
Quant open500
Worst price2.06
Drawdown as % of equity-0.17%
($238)
Includes Typical Broker Commissions trade costs of $10.00
7/29/21 9:48 COCP COCRYSTAL PHARMA INC. COMMON STOCK LONG 1,000 1.46 7/29 10:16 1.28 0.11%
Trade id #136730712
Max drawdown($200)
Time7/29/21 10:16
Quant open1,000
Worst price1.26
Drawdown as % of equity-0.11%
($185)
Includes Typical Broker Commissions trade costs of $5.00
3/12/21 11:33 ALRN AILERON THERAPEUTICS INC. COMMON STOCK LONG 750 1.62 7/20 13:51 1.08 0.25%
Trade id #134588812
Max drawdown($450)
Time5/13/21 0:00
Quant open750
Worst price1.02
Drawdown as % of equity-0.25%
($410)
Includes Typical Broker Commissions trade costs of $5.00
7/9/21 11:48 AEHR AEHR TEST LONG 750 2.73 7/19 9:31 4.73 0.02%
Trade id #136403729
Max drawdown($46)
Time7/9/21 15:46
Quant open750
Worst price2.67
Drawdown as % of equity-0.02%
$1,489
Includes Typical Broker Commissions trade costs of $10.00
3/31/21 11:39 KMI KINDER MORGAN LONG 250 16.63 7/15 15:04 17.86 0.04%
Trade id #134949913
Max drawdown($81)
Time4/22/21 0:00
Quant open250
Worst price16.30
Drawdown as % of equity-0.04%
$302
Includes Typical Broker Commissions trade costs of $5.00
6/28/21 10:09 CBAT CBAK ENERGY TECHNOLOGY INC. COMMON STOCK LONG 250 5.08 7/12 9:52 4.28 0.15%
Trade id #136231672
Max drawdown($293)
Time7/8/21 0:00
Quant open250
Worst price3.91
Drawdown as % of equity-0.15%
($206)
Includes Typical Broker Commissions trade costs of $5.00
3/25/21 10:01 ICLK ICLICK INTERACTIVE ASIA GROUP LIMITED AMERICAN DEP LONG 200 11.72 7/8 10:42 8.15 0.38%
Trade id #134858485
Max drawdown($742)
Time7/8/21 9:38
Quant open200
Worst price8.01
Drawdown as % of equity-0.38%
($718)
Includes Typical Broker Commissions trade costs of $4.00

Statistics

  • Strategy began
    3/17/2020
  • Suggested Minimum Cap
    $15,000
  • Strategy Age (days)
    550.24
  • Age
    18 months ago
  • What it trades
    Stocks
  • # Trades
    400
  • # Profitable
    147
  • % Profitable
    36.80%
  • Avg trade duration
    45.9 days
  • Max peak-to-valley drawdown
    26.9%
  • drawdown period
    Feb 16, 2021 - Aug 19, 2021
  • Annual Return (Compounded)
    140.7%
  • Avg win
    $1,452
  • Avg loss
    $378.99
  • Model Account Values (Raw)
  • Cash
    $53,410
  • Margin Used
    $0
  • Buying Power
    $59,334
  • Ratios
  • W:L ratio
    2.24:1
  • Sharpe Ratio
    2.11
  • Sortino Ratio
    3.84
  • Calmar Ratio
    6.631
  • CORRELATION STATISTICS
  • Return of Strat Pcnt - Return of SP500 Pcnt (cumu)
    203.76%
  • Correlation to SP500
    0.20700
  • Return Percent SP500 (cumu) during strategy life
    75.27%
  • Return Statistics
  • Ann Return (w trading costs)
    140.7%
  • Slump
  • Current Slump as Pcnt Equity
    21.90%
  • Instruments
  • Percent Trades Futures
    n/a
  • Slump
  • Current Slump, time of slump as pcnt of strategy life
    0.39%
  • Instruments
  • Short Options - Percent Covered
    100.00%
  • Return Statistics
  • Return Pcnt (Compound or Annual, age-based, NFA compliant)
    1.407%
  • Instruments
  • Percent Trades Options
    n/a
  • Percent Trades Stocks
    1.00%
  • Percent Trades Forex
    n/a
  • Return Statistics
  • Ann Return (Compnd, No Fees)
    152.1%
  • Risk of Ruin (Monte-Carlo)
  • Chance of 10% account loss
    32.50%
  • Chance of 20% account loss
    16.50%
  • Chance of 30% account loss
    3.00%
  • Chance of 40% account loss
    1.00%
  • Chance of 60% account loss (Monte Carlo)
    n/a
  • Chance of 70% account loss (Monte Carlo)
    n/a
  • Chance of 80% account loss (Monte Carlo)
    n/a
  • Chance of 90% account loss (Monte Carlo)
    n/a
  • Automation
  • Percentage Signals Automated
    n/a
  • Risk of Ruin (Monte-Carlo)
  • Chance of 50% account loss
    n/a
  • Popularity
  • Popularity (Today)
    686
  • Popularity (Last 6 weeks)
    920
  • Trading Style
  • Any stock shorts? 0/1
    0
  • Popularity
  • C2 Score
    922
  • Popularity (7 days, Percentile 1000 scale)
    813
  • Management
  • No Subs Allowed Flag (1: no subs)
    0
  • Strat abandoned?
    0
  • Trades-Own-System Certification
  • Trades Own System?
    -
  • TOS percent
    n/a
  • Win / Loss
  • Avg Loss
    $434
  • Avg Win
    $1,778
  • Sum Trade PL (losers)
    $109,782.000
  • AUM
  • AUM (AutoTrader num accounts)
    2
  • Age
  • Num Months filled monthly returns table
    19
  • Win / Loss
  • Sum Trade PL (winners)
    $261,340.000
  • # Winners
    147
  • Num Months Winners
    10
  • Dividends
  • Dividends Received in Model Acct
    431
  • AUM
  • AUM (AutoTrader live capital)
    138186
  • Win / Loss
  • # Losers
    253
  • % Winners
    36.8%
  • Frequency
  • Avg Position Time (mins)
    66058.20
  • Avg Position Time (hrs)
    1100.97
  • Avg Trade Length
    45.9 days
  • Last Trade Ago
    1
  • Leverage
  • Daily leverage (average)
    0.86
  • Daily leverage (max)
    1.54
  • Regression
  • Alpha
    0.22
  • Beta
    0.35
  • Treynor Index
    0.73
  • Maximum Adverse Excursion (MAE)
  • MAE:Equity, average, all trades
    0.00
  • MAE:PL - worst single value for strategy
    -
  • MAE:PL (avg, winning trades)
    -
  • MAE:PL (avg, losing trades)
    -
  • MAE:PL (avg, all trades)
    -0.35
  • MAE:Equity, average, winning trades
    0.00
  • MAE:Equity, average, losing trades
    0.00
  • Avg(MAE) / Avg(PL) - All trades
    2.250
  • 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
    0.00
  • Avg(MAE) / Avg(PL) - Winning trades
    0.179
  • Avg(MAE) / Avg(PL) - Losing trades
    -1.309
  • Hold-and-Hope Ratio
    0.732
  • Analysis based on MONTHLY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to Sharpe ratio
  • Mean
    1.09527
  • SD
    0.58862
  • Sharpe ratio (Glass type estimate)
    1.86073
  • Sharpe ratio (Hedges UMVUE)
    1.77189
  • df
    16.00000
  • t
    2.21472
  • p
    0.25781
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    0.06914
  • Upperbound of 95% confidence interval for Sharpe Ratio
    3.60216
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    0.01448
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    3.52931
  • Statistics related to Sortino ratio
  • Sortino ratio
    6.66856
  • Upside Potential Ratio
    8.56312
  • Upside part of mean
    1.40644
  • Downside part of mean
    -0.31117
  • Upside SD
    0.63173
  • Downside SD
    0.16424
  • N nonnegative terms
    11.00000
  • N negative terms
    6.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    17.00000
  • Mean of predictor
    0.38628
  • Mean of criterion
    1.09527
  • SD of predictor
    0.09281
  • SD of criterion
    0.58862
  • Covariance
    0.00939
  • r
    0.17181
  • b (slope, estimate of beta)
    1.08965
  • a (intercept, estimate of alpha)
    0.67436
  • Mean Square Error
    0.35867
  • DF error
    15.00000
  • t(b)
    0.67544
  • p(b)
    0.39117
  • t(a)
    0.84196
  • p(a)
    0.36579
  • Lowerbound of 95% confidence interval for beta
    -2.34889
  • Upperbound of 95% confidence interval for beta
    4.52820
  • Lowerbound of 95% confidence interval for alpha
    -1.03281
  • Upperbound of 95% confidence interval for alpha
    2.38153
  • Treynor index (mean / b)
    1.00516
  • Jensen alpha (a)
    0.67436
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.91491
  • SD
    0.52240
  • Sharpe ratio (Glass type estimate)
    1.75137
  • Sharpe ratio (Hedges UMVUE)
    1.66775
  • df
    16.00000
  • t
    2.08454
  • p
    0.26893
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -0.02585
  • Upperbound of 95% confidence interval for Sharpe Ratio
    3.48065
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -0.07739
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    3.41288
  • Statistics related to Sortino ratio
  • Sortino ratio
    5.31544
  • Upside Potential Ratio
    7.20235
  • Upside part of mean
    1.23969
  • Downside part of mean
    -0.32478
  • Upside SD
    0.54495
  • Downside SD
    0.17212
  • N nonnegative terms
    11.00000
  • N negative terms
    6.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    17.00000
  • Mean of predictor
    0.37559
  • Mean of criterion
    0.91491
  • SD of predictor
    0.08879
  • SD of criterion
    0.52240
  • Covariance
    0.00863
  • r
    0.18602
  • b (slope, estimate of beta)
    1.09442
  • a (intercept, estimate of alpha)
    0.50386
  • Mean Square Error
    0.28102
  • DF error
    15.00000
  • t(b)
    0.73323
  • p(b)
    0.38227
  • t(a)
    0.70372
  • p(a)
    0.38680
  • Lowerbound of 95% confidence interval for beta
    -2.08698
  • Upperbound of 95% confidence interval for beta
    4.27581
  • Lowerbound of 95% confidence interval for alpha
    -1.02224
  • Upperbound of 95% confidence interval for alpha
    2.02996
  • Treynor index (mean / b)
    0.83598
  • Jensen alpha (a)
    0.50386
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.15786
  • Expected Shortfall on VaR
    0.20808
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.04846
  • Expected Shortfall on VaR
    0.09387
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    17.00000
  • Minimum
    0.88635
  • Quartile 1
    0.95696
  • Median
    1.06738
  • Quartile 3
    1.18089
  • Maximum
    1.44485
  • Mean of quarter 1
    0.91871
  • Mean of quarter 2
    1.01968
  • Mean of quarter 3
    1.14059
  • Mean of quarter 4
    1.33914
  • Inter Quartile Range
    0.22393
  • 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 for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    -8.68857
  • VaR(95%) (moments method)
    0.07824
  • Expected Shortfall (moments method)
    0.07824
  • Extreme Value Index (regression method)
    -1.14461
  • VaR(95%) (regression method)
    0.10876
  • Expected Shortfall (regression method)
    0.11450
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    2.00000
  • Minimum
    0.13176
  • Quartile 1
    0.14399
  • Median
    0.15622
  • Quartile 3
    0.16845
  • Maximum
    0.18068
  • Mean of quarter 1
    0.13176
  • Mean of quarter 2
    0.00000
  • Mean of quarter 3
    0.00000
  • Mean of quarter 4
    0.18068
  • Inter Quartile Range
    0.02446
  • 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)
    1.97823
  • Compounded annual return (geometric extrapolation)
    1.56720
  • Calmar ratio (compounded annual return / max draw down)
    8.67373
  • Compounded annual return / average of 25% largest draw downs
    8.67373
  • Compounded annual return / Expected Shortfall lognormal
    7.53178
  • 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
    0.97639
  • SD
    0.35875
  • Sharpe ratio (Glass type estimate)
    2.72166
  • Sharpe ratio (Hedges UMVUE)
    2.71640
  • df
    389.00000
  • t
    3.32059
  • p
    0.00049
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    1.10215
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.33773
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    1.09866
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.33415
  • Statistics related to Sortino ratio
  • Sortino ratio
    5.02112
  • Upside Potential Ratio
    13.11440
  • Upside part of mean
    2.55018
  • Downside part of mean
    -1.57379
  • Upside SD
    0.30691
  • Downside SD
    0.19446
  • N nonnegative terms
    222.00000
  • N negative terms
    168.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    390.00000
  • Mean of predictor
    0.37298
  • Mean of criterion
    0.97639
  • SD of predictor
    0.21833
  • SD of criterion
    0.35875
  • Covariance
    0.01624
  • r
    0.20728
  • b (slope, estimate of beta)
    0.34059
  • a (intercept, estimate of alpha)
    0.84900
  • Mean Square Error
    0.12349
  • DF error
    388.00000
  • t(b)
    4.17355
  • p(b)
    0.00002
  • t(a)
    2.93256
  • p(a)
    0.00178
  • Lowerbound of 95% confidence interval for beta
    0.18014
  • Upperbound of 95% confidence interval for beta
    0.50103
  • Lowerbound of 95% confidence interval for alpha
    0.27992
  • Upperbound of 95% confidence interval for alpha
    1.41879
  • Treynor index (mean / b)
    2.86678
  • Jensen alpha (a)
    0.84935
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    0.91178
  • SD
    0.35322
  • Sharpe ratio (Glass type estimate)
    2.58132
  • Sharpe ratio (Hedges UMVUE)
    2.57634
  • df
    389.00000
  • t
    3.14937
  • p
    0.00088
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    0.96303
  • Upperbound of 95% confidence interval for Sharpe Ratio
    4.19634
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    0.95973
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    4.19296
  • Statistics related to Sortino ratio
  • Sortino ratio
    4.59796
  • Upside Potential Ratio
    12.63130
  • Upside part of mean
    2.50481
  • Downside part of mean
    -1.59303
  • Upside SD
    0.29715
  • Downside SD
    0.19830
  • N nonnegative terms
    222.00000
  • N negative terms
    168.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    390.00000
  • Mean of predictor
    0.34909
  • Mean of criterion
    0.91178
  • SD of predictor
    0.21727
  • SD of criterion
    0.35322
  • Covariance
    0.01664
  • r
    0.21678
  • b (slope, estimate of beta)
    0.35243
  • a (intercept, estimate of alpha)
    0.78875
  • Mean Square Error
    0.11921
  • DF error
    388.00000
  • t(b)
    4.37416
  • p(b)
    0.00001
  • t(a)
    2.77353
  • p(a)
    0.00291
  • Lowerbound of 95% confidence interval for beta
    0.19402
  • Upperbound of 95% confidence interval for beta
    0.51084
  • Lowerbound of 95% confidence interval for alpha
    0.22962
  • Upperbound of 95% confidence interval for alpha
    1.34788
  • Treynor index (mean / b)
    2.58714
  • Jensen alpha (a)
    0.78875
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.03189
  • Expected Shortfall on VaR
    0.04065
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.01261
  • Expected Shortfall on VaR
    0.02493
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    390.00000
  • Minimum
    0.91610
  • Quartile 1
    0.98999
  • Median
    1.00273
  • Quartile 3
    1.01533
  • Maximum
    1.13623
  • Mean of quarter 1
    0.97963
  • Mean of quarter 2
    0.99699
  • Mean of quarter 3
    1.00856
  • Mean of quarter 4
    1.03014
  • Inter Quartile Range
    0.02534
  • Number outliers low
    2.00000
  • Percentage of outliers low
    0.00513
  • Mean of outliers low
    0.91839
  • Number of outliers high
    9.00000
  • Percentage of outliers high
    0.02308
  • Mean of outliers high
    1.08608
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    0.06375
  • VaR(95%) (moments method)
    0.02042
  • Expected Shortfall (moments method)
    0.02764
  • Extreme Value Index (regression method)
    -0.06703
  • VaR(95%) (regression method)
    0.02021
  • Expected Shortfall (regression method)
    0.02578
  • 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
    0.23514
  • Mean of quarter 1
    0.00260
  • Mean of quarter 2
    0.01117
  • Mean of quarter 3
    0.02345
  • Mean of quarter 4
    0.13875
  • 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
    0.15421
  • Risk estimates based on draw downs (based on Extreme Value T
  • Extreme Value Index (moments method)
    -1.37690
  • VaR(95%) (moments method)
    0.09177
  • Expected Shortfall (moments method)
    0.09649
  • Extreme Value Index (regression method)
    -0.88019
  • VaR(95%) (regression method)
    0.16871
  • Expected Shortfall (regression method)
    0.18818
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    2.04913
  • Compounded annual return (geometric extrapolation)
    1.55918
  • Calmar ratio (compounded annual return / max draw down)
    6.63075
  • Compounded annual return / average of 25% largest draw downs
    11.23700
  • Compounded annual return / Expected Shortfall lognormal
    38.35560
  • 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
    -0.23203
  • SD
    0.28286
  • Sharpe ratio (Glass type estimate)
    -0.82029
  • Sharpe ratio (Hedges UMVUE)
    -0.81555
  • df
    130.00000
  • t
    -0.58003
  • p
    0.52540
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -3.59232
  • Upperbound of 95% confidence interval for Sharpe Ratio
    1.95488
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -3.58913
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    1.95803
  • Statistics related to Sortino ratio
  • Sortino ratio
    -1.24052
  • Upside Potential Ratio
    8.67529
  • Upside part of mean
    1.62266
  • Downside part of mean
    -1.85469
  • Upside SD
    0.21124
  • Downside SD
    0.18704
  • N nonnegative terms
    62.00000
  • N negative terms
    69.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    131.00000
  • Mean of predictor
    0.22602
  • Mean of criterion
    -0.23203
  • SD of predictor
    0.10557
  • SD of criterion
    0.28286
  • Covariance
    0.00309
  • r
    0.10361
  • b (slope, estimate of beta)
    0.27761
  • a (intercept, estimate of alpha)
    -0.29478
  • Mean Square Error
    0.07977
  • DF error
    129.00000
  • t(b)
    1.18313
  • p(b)
    0.43416
  • t(a)
    -0.73160
  • p(a)
    0.54089
  • Lowerbound of 95% confidence interval for beta
    -0.18663
  • Upperbound of 95% confidence interval for beta
    0.74186
  • Lowerbound of 95% confidence interval for alpha
    -1.09197
  • Upperbound of 95% confidence interval for alpha
    0.50242
  • Treynor index (mean / b)
    -0.83581
  • Jensen alpha (a)
    -0.29478
  • Ratio statistics of excess log return rates
  • Statistics related to Sharpe ratio
  • Mean
    -0.27140
  • SD
    0.28058
  • Sharpe ratio (Glass type estimate)
    -0.96729
  • Sharpe ratio (Hedges UMVUE)
    -0.96170
  • df
    130.00000
  • t
    -0.68397
  • p
    0.52994
  • Lowerbound of 95% confidence interval for Sharpe Ratio
    -3.73978
  • Upperbound of 95% confidence interval for Sharpe Ratio
    1.80883
  • Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation
    -3.73597
  • Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation
    1.81257
  • Statistics related to Sortino ratio
  • Sortino ratio
    -1.43484
  • Upside Potential Ratio
    8.46348
  • Upside part of mean
    1.60085
  • Downside part of mean
    -1.87225
  • Upside SD
    0.20646
  • Downside SD
    0.18915
  • N nonnegative terms
    62.00000
  • N negative terms
    69.00000
  • Statistics related to linear regression on benchmark
  • N of observations
    131.00000
  • Mean of predictor
    0.22038
  • Mean of criterion
    -0.27140
  • SD of predictor
    0.10552
  • SD of criterion
    0.28058
  • Covariance
    0.00309
  • r
    0.10450
  • b (slope, estimate of beta)
    0.27786
  • a (intercept, estimate of alpha)
    -0.33263
  • Mean Square Error
    0.07847
  • DF error
    129.00000
  • t(b)
    1.19345
  • p(b)
    0.43359
  • t(a)
    -0.83271
  • p(a)
    0.54651
  • VAR (95 Confidence Intrvl)
    0.03200
  • Lowerbound of 95% confidence interval for beta
    -0.18278
  • Upperbound of 95% confidence interval for beta
    0.73850
  • Lowerbound of 95% confidence interval for alpha
    -1.12297
  • Upperbound of 95% confidence interval for alpha
    0.45771
  • Treynor index (mean / b)
    -0.97674
  • Jensen alpha (a)
    -0.33263
  • Risk estimates for a one-period unit investment (parametric)
  • assuming log normal returns and losses (using central moments from Sharpe statistics)
  • VaR(95%)
    0.02912
  • Expected Shortfall on VaR
    0.03610
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • VaR(95%)
    0.01703
  • Expected Shortfall on VaR
    0.02836
  • ORDER STATISTICS
  • Quartiles of return rates
  • Number of observations
    131.00000
  • Minimum
    0.96776
  • Quartile 1
    0.98691
  • Median
    0.99793
  • Quartile 3
    1.00822
  • Maximum
    1.08893
  • Mean of quarter 1
    0.97939
  • Mean of quarter 2
    0.99279
  • Mean of quarter 3
    1.00330
  • Mean of quarter 4
    1.02153
  • Inter Quartile Range
    0.02130
  • 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
    0.00763
  • Mean of outliers high
    1.08893
  • Risk estimates for a one-period unit investment (based on Ex
  • Extreme Value Index (moments method)
    -0.16439
  • VaR(95%) (moments method)
    0.02218
  • Expected Shortfall (moments method)
    0.02635
  • Extreme Value Index (regression method)
    -0.85936
  • VaR(95%) (regression method)
    0.02087
  • Expected Shortfall (regression method)
    0.02202
  • DRAW DOWN STATISTICS
  • Quartiles of draw downs
  • Number of observations
    3.00000
  • Minimum
    0.01499
  • Quartile 1
    0.08864
  • Median
    0.16229
  • Quartile 3
    0.19872
  • Maximum
    0.23514
  • Mean of quarter 1
    0.01499
  • Mean of quarter 2
    0.16229
  • Mean of quarter 3
    0.00000
  • Mean of quarter 4
    0.23514
  • Inter Quartile Range
    0.11008
  • 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
  • Last 4 Months - Pcnt Negative
    0.75%
  • Expected Shortfall (regression method)
    0.00000
  • Strat Max DD how much worse than SP500 max DD during strat life?
    -339922000
  • Max Equity Drawdown (num days)
    184
  • COMBINED STATISTICS
  • Annualized return (arithmetic extrapolation)
    -0.22925
  • Compounded annual return (geometric extrapolation)
    -0.21611
  • Calmar ratio (compounded annual return / max draw down)
    -0.91907
  • Compounded annual return / average of 25% largest draw downs
    -0.91907
  • Compounded annual return / Expected Shortfall lognormal
    -5.98609

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. In an attempt to minimize drawdowns, hedging is used from time to time via a long only short or alternative asset ETF. 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: $30,000
- Max investment $100,000
- 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.
- If you can't stomach drawdowns then you should not be investing in stocks PERIOD let alone my strategy. I do not want subscribers investing after strong performance and then cashing out after a drawdown which happened to one recent subscriber. This is not the way to invest long term.
- 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 on including leveraged ETF's.

Summary Statistics

Strategy began
2020-03-17
Suggested Minimum Capital
$15,000
Rank at C2 %
Top 7.8%
Rank # 
#59
# Trades
400
# Profitable
147
% Profitable
36.8%
Net Dividends
Correlation S&P500
0.207
Sharpe Ratio
2.11
Sortino Ratio
3.84
Beta
0.35
Alpha
0.22
Leverage
0.86 Average
1.54 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

#PERSONNAME#
subscribed on started simulation #SUBSCRIBEDDATE#

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

This is our estimate of the minimum amount of capital to follow a strategy, assuming you use the smallest reasonable AutoTrade Scaling % for the strategy.