The demo portfolio is worth $26,626: $9,112 more than the $17,513 you put in. The holdings themselves returned +60.5% in total, +8.2% a year since 7 Jan 2019, with your deposits and withdrawals taken out of the count.
Demo. Seven invented holdings, generated prices — the engine and every figure are the real ones.
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A seven-holding portfolio, measured
An invented example portfolio: learn, try and understand it as if it were yours.
Market value · USD
Market value
What everything you hold is worth today, in this portfolio's currency.
How this one is computedEach position's quantity comes from the ledger — every buy minus every sale — valued at the last cached close and converted at that day's exchange rate, not today's.
Where it misleadsIt is a price valuation, not a quote you could sell at. Anything illiquid, and anything whose last close is stale, is worth what it last traded at rather than what it would fetch.
Learn it with a worked example ›26,625.61
as of 31 Dec 2024 · line: return, money in and out removed
Per unit of risk
0.44
return divided by volatility
Net invested
Net invested
The money you have actually put in, minus what you have taken out.
How this one is computedPurchases minus sales, at the prices you recorded. Fees are included if your ledger has them. Dividends are not: money the company paid you is a return on what you invested, not more money you invested.
Where it misleadsThis is not your cost basis for tax. It nets sales against purchases across the whole history, which is not how any tax authority computes a gain.
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17,513.49
purchases minus sales
Profit
Profit
Value minus what you put in: the money you would have made if you sold everything now.
How this one is computedMarket value minus net invested. It is an amount of money, so it says nothing about whether it was a good result for the risk taken.
Where it misleadsA big number here can come from a big deposit rather than a good year. The percentage next to it is the one that measures the portfolio; this one measures the account.
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+9,112.13
value minus invested
Return
Time-weighted return
What the portfolio itself earned, with the effect of your deposits removed.
How this one is computedEach day's return is computed after subtracting that day's contribution, and the daily returns are chained. It is the same convention funds must publish, which is what makes it comparable to an index.
Where it misleadsIt deliberately ignores how much money you had in at each moment. It is the right measure of the holdings and the wrong one for your wallet — the money-weighted figure is the other half.
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+60.5%
time-weighted
A year
The portfolio's annual return
The time-weighted return expressed as a yearly rate.
How this one is computedThe total growth compounded down to a year, geometrically. A period shorter than a week is not annualised at all, because multiplying a few days up to a year produces absurd figures.
Where it misleadsAnnualising a short window is the most common way to make a lucky month look like a career.
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+8.2%
annualised, time-weighted
Last session
−0.3%
since the previous close
This year
Year to date
What the portfolio has returned since 1 January.
How this one is computedThe same daily returns as above, chained from the first session of the current calendar year.
Where it misleadsA calendar year is an arbitrary window. Three weeks into January this figure is noise with a percent sign, and it will be quoted anyway.
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+30.2%
year to date
Volatility
Annualised volatility
How much the portfolio swings, up and down, expressed per year.
How this one is computedStandard deviation of the daily returns multiplied by the square root of 252, the number of trading sessions in a year. For a portfolio made only of coins, which trade every day, the weekdays of a year (261) are counted instead.
Where it misleadsIt punishes a sharp rise exactly as hard as a sharp fall, and nobody complains about the first. And it assumes returns are symmetric and well behaved, which yours are not — see skew and tails.
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17.9%
annualised
Max drawdown
Maximum drawdown
The worst fall from a previous high the portfolio ever had.
How this one is computedThe cumulative curve against its own running maximum, taking the lowest point of that distance.
Where it misleadsIt is one single day out of the whole history. It says how deep it got and nothing about how long it lasted, which is what actually makes people sell — that is what time under water and the ulcer index are for.
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−32.0%
from its previous peak
Per unit of risk
Sharpe ratio
Return per unit of volatility: how much you were paid for the swings you put up with.
How this one is computedThe annualised excess return over the risk-free rate, divided by the annualised volatility of the same series.
Where it misleadsIt treats volatility from rises as risk, and it assumes a bell curve. A portfolio that wins a little every day and loses everything once in a while scores beautifully here right up until it does not.
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0.44
return divided by volatility
Since your last visit
1 changePortfolio value24 Dec – 31 Dec
−6.4%
From 28,451 to 26,626, without the trades you recorded
On the demo, as if you had last looked on 24 Dec 2024.
Below its high
−11.9%
40 sessions since the last peak. Depth is what gets reported; duration is what makes people sell.
Volatility above its normal
24.2%
over the last 21 sessions, against a usual 17% for this portfolio — about 1.4 times its own normal.
Know it the way a desk would — every figure, and how each one was computed.
Growth and drawdown
What one invested became, and underneath it, how far below its own best value it sat on each of those days. Put the cursor anywhere on it.
Hovering gives you the drawdown, the 21-session volatility and the six-month Sharpe for that day. The shaded stretches are the market episodes the stress tests tab replays.
In plain words
The same figures, read out: what each one means for this portfolio, the lesson behind it worked on its own numbers, and a change to try before making it.
Its worst stretch took 32.0% off from a peak, between 3 Dec 2021 and 21 Mar 2022. It has now spent 40 sessions below its last high, 11.9% under it. An ordinary day moves it about 1.1%; one day in twenty, more than 1.9%.
HLX is 30% of the money and 62% of the risk. Your 7 holdings behave like 2.1 independent bets: they mostly move together. By sector, Technology carries 62% of the risk on 30% of the money. By asset class, Stocks carries 92% of the risk on 71% of the money. 7% of the money in commodities carries <1% of the risk.
HLX
of the money30%
of the risk62%
Per unit of risk taken, it returned 0.44 (its Sharpe ratio). 54% of its sessions closed up. Of every twelve-month stretch it has lived through, the worst lost 27.3% and 23% ended down.
4
days until KYP should report
KYP should report around 4 Jan 2025: its last reported quarter ended on 29 Aug 2024 and its quarters run about 91 days apart (an estimate from its own filing rhythm, not an announcement).
None of this says what to do. It says what each figure means, what would move it, and where to try a change before making it; the decision stays yours.