Elite Wealth Management

Tactical Long Short



  • Strategy ETFs / Funds
The strategy uses technical trading indicators to actively trade the SPDR S&P 500 (SPY) and the ProShares Short S&P 500 (SH). The strategy is appropriate for investors that are looking to sidestep market downturns, while still participating in the upside.
Investment portfolios are professionally managed and monitored with a rigid due diligence process. Performance consistency is an absolute priority and risk adjusted returns are measured continuously. Investment portfolios are constructed and optimized to capitalize on market opportunities with an eye on risk mitigation. Our portfolios are continuously stress-tested and watched carefully by our investment team.
Our strategies and the algorithms we deploy are split between both a top-down and bottom-up approach to investing depending on the particular portfolio. Our investment team utilizes extensive resources to constantly monitor the investment and capital markets landscape around the clock to identify both fundamental and technical opportunities for clients.
The strategy uses technical trading indicators to actively trade the SPDR S&P 500 (SPY) and the ProShares Short S&P 500 (SH). During periods when a trade signal does not indicate a trend in either direction, the strategy will signal investing in cash. The strategy is directional, positioning either long or short. The investment philosophy behind the strategy is that one of the best ways to make money is to lose less in market downturns. So our strategy is to go long or short the market, based upon the technical facts we examine. The strategy is appropriate for investors that are looking to sidestep market downturns, while still participating in the upside.
Changes in a portfolio are determined by the investment team and the investment approach designated for each strategy.
For the more algorithmic strategies the investment team may subjectively override an algorithmic decision based on macroeconomic or other factors that the investment team believes the algorithm is not adequately taking into consideration.

Performance

3.1%

Month to date

MTD

4.9%

Quarter to date

QTD

4.9%

Year to date

YTD

Quarterly vs S&P500

Quarterly vs S&P500

Risk score

  • 3.2%

    Best quarter

  • 1.2%

    Worst quarter

    • 1% fee
    • $10,000 min
  • Required: Margin account

Performance detail

Performance Portfolio inception February 01, 2016

as of February 17, 2017 Manager (net of fees ) S&P 500
Month-to-date 3.1% 3.2%
Quarter-to-date 4.9% 5.0%
Last 365 Days 14.6% 22.6%
Since inception (Annualized) 13.3% 20.2%
2017 (YTD) 4.9% 5.0%

Risk metrics Last 365 days

as of February 17, 2017 Manager (net of fees ) S&P 500
Volatility 7.9% 10.6%
Sharpe Ratio 1.77 2.08
Sortino Ratio 2.26 2.79
Maximum Drawdown -4.7% -5.6%
Value-at-risk (95%, 1 week) -1.8% -2.5%
vs. S&P 500
Information Ratio -2.06
Alpha -1.0%
Beta 0.71
R-Squared 0.91

Exposure

94.0%
  • Equity Fund

Top 5 securities

94.0%
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Portfolio commentary

  1. Profile Picture Why we’re still market bears May 24, 2016

    The earnings recession continues to weigh on stocks

  2. Profile Picture Why our 2016 outlook still remains bearish March 23, 2016
  3. Profile Picture China, oil and earnings = stock correction January 13, 2016
  4. Profile Picture Dark clouds hover over the stock market December 10, 2015
  5. Profile Picture Behind Janet Yellen’s slow walk on rate hikes November 11, 2015
Show more

Latest transactions Average trades per month 0.8

Executed Symbol Security Type Price
January 11, 2017 SPY SPDR S&P500 ETF Trust Buy $226.10
January 03, 2017 SPY SPDR S&P500 ETF Trust Buy $225.01
December 29, 2016 SPY SPDR S&P500 ETF Trust Sell $224.34
December 01, 2016 SPY SPDR S&P500 ETF Trust Buy $219.47
July 21, 2016 SPY SPDR S&P500 ETF Trust Buy $216.37
April 19, 2016 SPY SPDR S&P500 ETF Trust Buy $209.98
March 30, 2016 SPY SPDR S&P500 ETF Trust Buy $206.65
March 07, 2016 SPY SPDR S&P500 ETF Trust Buy $200.69
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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 reflects the deduction of 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 retroactively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the asset-weighted daily average 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, and earnings distributions, and reflect the deduction of Covestor advisory fees, brokerage and other commissions and expenses actually paid by clients.
  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. 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 displayed have been calculated by Covestor using daily benchmark prices and do not include dividend income. More information here. For certain portfolios Covestor uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  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 of Portfolio Managers is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Not all transactions listed will appear in accounts due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. This portfolio uses short selling. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  11. This portfolio uses borrowed funds or leverage to fund investments. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.