Cheng Yuan Profile Picture Individual Investor

Cheng Yuan

Software Development Manager,Financial Services

  • QualificationsBSc Computer Science
  • Investment Experience6 years

Value with Catalyst

My portfolio invests in deeply discounted companies that I believe have a potential catalyst in place that will unlock shareholder value. I am willing to hold cash until an opportunity arises. The portfolio does not have specific market cap or industry restrictions. It tends to be concentrated in a small number of holdings.

Risk score

Risk Score 4
4
33.0%

Best 30 days

-18.9%

Worst 30 days

Performance

  • -0.5%
    30 day
  • 0.5%
    90 day
  • 0.1%
    365 day
    March 10, 2010
Monthly vs S&P500
Cheng Yuan - Value with Catalyst Monthly vs S&P500
-18.0% 12 months
  • $5,000 investment min
  • 1.5% fee

Replicability

100.0%
  • Replicable

Top 5 Holdings View all

79.2%
12.8%
8.0%

Portfolio commentary

  1. Reading International reveals $100 million buyout offer for two NYC properties

    20 June 2012

    Reading’s current market capitalization is about $130 million.

  2. Still bullish on Reading International - here's why 13 September 2011
  3. Forward-looking research is essential to smart investing 6 September 2011
  4. Such a drastic change in market valuation prompts re-evaluation of investment theses (RDI, ENZN) 11 August 2011
  5. Enzon Pharmaceuticals: Plenty of cash and a promising royalty stream (ENZN) 19 July 2011

show more


Performance detail

  • Manager (net of fees)

Performance

Covestor inception March 10, 2010

as of September 18, 2014 Manager (net of fees) S&P 500
Past 30 days -0.5% 1.7%
Past 90 days 0.5% 3.0%
Past 365 days 0.1% 19.0%
Since Covestor inception (Annualized) 9.2% 15.7%
2014 (YTD) 6.1% 10.4%
2013 15.5% 32.4%
2012 26.7% 16.0%
2011 -15.6% 2.1%

Risk metrics

Last 365 days

as of September 18, 2014 Manager (net of fees) S&P 500
Best 30 days 9.7% 7.9%
Worst 30 days -7.5% -4.8%
Volatility 11.3% 10.1%
Sharpe Ratio 0.01 1.88
Sortino Ratio 0.01 2.55
Maximum Drawdown -8.5% -5.7%
Value-at-risk (95%, 1 week) -2.6% -2.3%
vs. S&P 500
Information Ratio - 1.43
Alpha -4.1%
Beta 0.27
R-Squared 0.06
  • $5,000 investment min
  • 1.5% fee

Latest transactions View all

Average trades per month 0.7
Executed Symbol Security Replicable Type Price
08/06/14 ALBKY Alpha Bank AE Yes Buy $0.21
04/29/14 OIBR Oi SA Yes Sell $0.89
04/02/14 ADT ADT Corp/The Yes Sell $31.00
03/11/14 FMCKM Federal Home Loan Mortgage Corp,FIXED,5.570%,PERP/CALL   Sell $9.00
03/11/14 FMCKM Federal Home Loan Mortgage Corp,FIXED,5.570%,PERP/CALL   Sell $9.00
01/30/14 ADT ADT Corp/The Yes Buy $31.00
11/14/13 FMCKM Federal Home Loan Mortgage Corp,FIXED,5.570%,PERP/CALL Yes Buy $7.50
11/04/13 ENZN Enzon Pharmaceuticals Inc Yes Sell $1.50

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.