A Monday email, on the demo portfolio

26,626 USD

−6.4% this week  ·  +30.2% this year  ·  −11.9% below its high

Its worst stretch took 32.0% off from a peak, between 2021-12-03 and 2022-03-21. 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.

What each figure means and what would move it; none of it says what to do.

4Below 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.

5Try a quarter less HLX › This week's lesson: The portfolio's annual return, on The demo portfolio ›

6Nothing here was sent to anyone. The real email describes your own portfolios, it is not investment advice and nothing in it is a recommendation to buy or sell; one click in it turns it off.