Joseph Agresti Profile Picture Individual Investor

Joe Agresti

Research Analyst at the Rhode Island Deptartment of Labor & Training,Research

  • Education University of Connecticut
  • Qualifications BA Finance
  • Investment Experience 5 yrs trading experience total, 1 of which was with an equities firm.

China & India

Focuses solely on Chinese and Indian securities traded on US Exchanges Uses a momentum-based approach utilizing technical screens and fundamental analysis.
Invests solely in Chinese and Indian ADRs. China’s economy has been growing quickly and will continue doing so as the large population transitions to a consumer-based economy. The Indian population is young and educated. They present significant growth possibilities for the Country.

The model begins with a technical screen based on the 3-month chart. It then looks to the 9-month chart. Once a security has passed these two screens, fundamentals are analyzed. Key fundamentals include significant EPS growth and ROE of 30% or greater.
Reads The Economist, Investor’s Business Daily and The Wall Street Journal, and conducts thorough news screens. The universe of potential securities is relatively small so it is possible to become extremely knowledgeable about each security and the underlying Company.
The model will typically have 3-10 holdings.
If a security is down, will either sell it in order to limit the downside or double-down if the fundamentals remain strong and technical screens remain positive. Uses stop loss orders as a tool to limit losses. On the other hand, if a security is up 30%, will typically sell all shares or alternatively take the gains “off the table” and remain invested in the security.
May use commodities in order to hedge against inflation.

Risk rating

5
Leverage: 1.01
43.2%

Best 30 days

-37.5%

Worst 30 days

Performance

  • 6.0%
    30 day
  • -13.1%
    365 days
  • -49.6%
    Since Inception
    October 19, 2009
Monthly vs S&P500
Sparkbar Graph, China & India Investment Model Performance versus S&P500
-19.7%

Last 12 months

  • $5,000.00 subscription min
  • Margin account required
  • 1.5% fee

Replicability

100.9%
0.0%
100.9%
-0.9%
100.0%
  • Leverage
  • Non-replicable
  • Holdings
  • Cash
  • Replicable

Top 5 Holdings View all

18.7%
82.2%
  • GTAT
  • ARO

Model commentary

  1. How I read a 10-K: The case of LoJack

    10 November 2011

    In order to buy the business "for free" I would pay $2.60 per share - which is equal to the net cash on the balance sheet.

  2. China and India are nowhere near investible now - … 14 July 2011

show more


Performance detail

  • Manager
  • Dow Jones BRIC
  • S&P 500
30D 90D 365D SI

Performance

Inception October 19, 2009
as of February 08, 2012 Manager Dow Jones BRIC S&P 500 Average Subscriber
Past 30 days 6.0% 15.7% 5.4% -
Past 90 days 4.4% 11.5% 8.9% -
Past 365 days -13.1% -5.7% 1.9% -
Since Inception (Annualized) -25.7% -1.1% 9.4% -
2012 (YTD) 12.3% 20.3% 7.3% -
2011 -21.0% -24.1% -0.0% -
2010 -30.2% 9.5% 12.8% -

Risk Metrics

Last 365 Days
as of February 08, 2012 Manager Dow Jones BRIC S&P 500
Best 30 days 43.2% 20.5% 13.6%
Worst 30 days -37.5% -18.3% -16.7%
Volatility 49.9% 24.6% 23.2%
Sharpe Ratio -0.27 -0.24 0.08
Sortino Ratio -0.36 -0.32 0.10
Maximum Drawdown -49.9% -35.5% -19.4%
Value-at-risk (95%, 1 week) -11.6% -5.7% -5.4%
vs. Dow Jones BRIC vs. S&P 500
Information Ratio -0.17 -0.41
Alpha 2.0% -8.8%
Beta 0.95 1.57
R-Squared 0.22 0.53

Latest transactions view all

Average trades per month 12.0
Executed Symbol Security Replicable Type Price
08/18/11 GTAT GT SOLAR INTERNATIONAL INC Yes Sell $10.99
08/18/11 ARO Aeropostale Inc Yes Buy $12.18
08/18/11 GPS Gap Inc/The Yes Sell $15.69
08/05/11 SOLR GT SOLAR INTERNATIONAL INC Yes Buy $11.85
07/11/11 ARO Aeropostale Inc Yes Buy $17.98
07/06/11 PWER Power-One Inc Yes Sell $7.82
07/06/11 PWER Power-One Inc Yes Sell $7.75
06/03/11 GPS Gap Inc/The Yes Buy $18.07
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  • $5,000.00 subscription min
  • Margin account required
  • 1.5% fee

Important Information

1. Past performance is no guarantee of future results.

2. Performance of the model 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 that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More

3. Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying model. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More

4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by Covestor, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.

5. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations and do not include cash, dividends and earnings distributions, or transaction costs. More

6. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.

7. All Model Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Model 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. Model classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.

8. Top Replicable Holdings: These securities are currently held in the model manager's brokerage account. Those marked as "Replicable Holdings" currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.

9. Latest Transactions: These transactions were executed in the model manager's brokerage account. Those 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 subscription trade activity may vary.

10. S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P 500 Copyright © 2012.

11. Dow Jones index data: CME Group Index Services, LLC 2012


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