Dunno. Just being a dork I guess.
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100K to 133.14159K in 361 Days
- Thread starter BlindLemonBoosh
- Start date
Trades for Wednesday:
A) No trade.
B) All funds to cash
C) $5000 to SPPIX (short)
A) No trade.
B) All funds to cash
C) $5000 to SPPIX (short)
Trades for Thursday:
A) $25000 to OTPIX (long)
B) $10000 to ENPIX (long)
C) Close short position.
A) $25000 to OTPIX (long)
B) $10000 to ENPIX (long)
C) Close short position.
Trades for Friday:
A) All funds to cash.
B) All funds to cash.
C) $5000 to SPPIX (short)
A) All funds to cash.
B) All funds to cash.
C) $5000 to SPPIX (short)
Trades for Tuesday:
A) All funds to SOPIX (short).
B) No trade.
C) Close short position.
A) All funds to SOPIX (short).
B) No trade.
C) Close short position.
Week 2 Results:
Account A:
Return: +0.71%
AME*: .285
^NDX: -2.03%
Account B:
Return: -0.86%
AME*: .349
^DJUSEN: -3.35%
Account C:
Return: +3.66%
AME*: .219
^DJGSP: -0.87%
Portfolio:
Return: +0.71%
^DWC: -4.26%
YTD Results:
Account A:
Return: +2.90%
AME*: .288
^NDX: -5.19%
Account B:
Return: -0.26%
AME*: .410
^DJUSEN: -6.86%
Account C:
Return: +12.11%
AME*: .259
^DJGSP: -8.19%
Portfolio:
Return: +3.33%
^DWC: -8.13%
*AME = Average Market Exposure
Account A:
Return: +0.71%
AME*: .285
^NDX: -2.03%
Account B:
Return: -0.86%
AME*: .349
^DJUSEN: -3.35%
Account C:
Return: +3.66%
AME*: .219
^DJGSP: -0.87%
Portfolio:
Return: +0.71%
^DWC: -4.26%
YTD Results:
Account A:
Return: +2.90%
AME*: .288
^NDX: -5.19%
Account B:
Return: -0.26%
AME*: .410
^DJUSEN: -6.86%
Account C:
Return: +12.11%
AME*: .259
^DJGSP: -8.19%
Portfolio:
Return: +3.33%
^DWC: -8.13%
*AME = Average Market Exposure
If shouldn't be posing in your thread, let me know...
How do you calculate AME? I don't understand really what it is or how you are calculating it. Thanks.
How do you calculate AME? I don't understand really what it is or how you are calculating it. Thanks.
Quote from urrterrible:
If shouldn't be posing in your thread, let me know...
How do you calculate AME? I don't understand really what it is or how you are calculating it. Thanks.
I'll use ENPIX in this example.
ProFunds states that the objective for this fund is:
"Seeks daily investment results before fees and expenses, that correspond to 150%, of the daily performance of the Dow Jones U.S. Oil & Gas Index. "
Market Exposure (ME) for any given day:
ME = LF*PS/AS
where
LF = Leverage Factor of fund (determined by ProFunds)
PS = Position Size
AS = Account Size
For example, if we take a $20000 ENPIX position in a $45000 account:
ME = 1.5*20000/45000 = .667
AME is calculated by taking an average of all daily MEs.
By definition, the benchmark (^DJUSEN in this example), has a constant ME (and therefore AME) of 1.0.
For this journal:
ProFunds Leverage Factors:
Account A:
UOPIX(long) 2.0
OTPIX(long) 1.0
SOPIX(short) 1.0
USPIX(short) 2.0
Account B:
ENPIX(long) 1.5
SNPIX(short) 1.0
Account C:
PMPIX(long) 1.5
SPPIX(short) 1.0
Thanks that was very educational for me. I appreciate the time you put into that post. Good luck.
Thanks for stopping by!