Personal Track Record
This is not an investment model
- It is a record of a member’s personal broker account as reported to Covestor
- It cannot be mirrored
Mark Crennan, CFA - View Profile
Personal Track Record
| Inception date | August 31, 2009 |
| Long/Short | Long and Short |
| Cap bias | No specific |
| Holding Period | Short term |
Performance and Risk
Performance Summary (as at end of February 09, 2012)
| Inception August 31, 2009 | Member | S&P 500 |
|---|---|---|
| Month to date (%) | 2.90 | 4.41 |
| 3 month (%) | 0.80 | 4.76 |
| 1 year (%) | 3.30 | 2.09 |
| Annualized since inception (%) | 12.96 | 0.68 |
| Since inception (%) | 34.32 | n/a |
| Sharpe (annualized) | 0.70 | 0.01 |
| % of positive months | 53.33 | 60.81 |
Past performance is not indicative of future performance
Commentary - Latest Posts
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Playing defense while in correction mode January 28, 2010
The last 7 trading days have been very difficult as the selling as been relentless and the bulls have struggled to take control for more than a few hours. I've loosened up on my equity positions as a result. Because the attempts at rallies have been so poor, I'd rather protect against a crash than try to time a bounce.
I don't believe the market will exceed the January highs set last week in the coming month. Many traders have eyed the potential H&S formation in the S&P and I'm hearing downside......
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Guidance raised, $30 possible January 11, 2010
In October, I was using $1.30-$1.40 as forward year earnings. Management today raised their 2010 view to $1.40-$1.50, due in part to better than expected holiday sales and improving margins.
If DBRN can continue to increase margins, the company could potentially see earnings near $2.00 in 2011. But with a 50% runup since purchase, the stock is approaching fair value. I had originally estimated $25. Now I peg $28-$30 as an appropriate price. With less than 20% upside in my opinion, I'll be......
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Buying on a breakout November 17, 2009
AGO sat on my watchlist for a few months. It moved sideways from August until early November, showing poor relative strength. By the nature of its business (bond insurance), I faced difficulty in quantifying the prospects of the firm and waited for the market to tell me the stock had potential. I bought in early November when the stock surged following Moody's annoucenment regarding their credit ratings.
AGO released earnings this morning with a loss of 22 cents (44 cents in the black excluding......
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Technical trade with a tight stop October 28, 2009
Entry @ $58.55, stop at $56.22, target of $60.50 and then $63.20. Nothing fancy here.
- Job Title Associate
- Industry Investment Management
- Expertise 10-20 years
- Education BBA, Loyola University in Maryland
- Qualifications Series 7, Series 66, CFA
- Year of Birth 1984
- Country United States
- State New Jersey
- City Princeton
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- Past performance is no guarantee of future results.
- Performance of a Personal Track Record is calculated by Covestor on a daily time-weighted basis of equity positions in the account provided by the member. It is exclusive of any commissions, fees, dividends, earnings distributions, and cash in the portfolio.
- Month to Date returns and Since Inception returns are revised daily. All other returns (month, 3 month, year to date, et al) are calculated as of the most recent month end date.
- All graph data is as of the end of day for the referenced period, unless otherwise specified.
- 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
- All Personal Track Record information including personal data, profiles, strategies, commentary, and historical results outside of Covestor has been provided by the Member. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor.