I suspect that these funds are not run by black boxes
although the managers are working within a defined methodology. In any
case, over the last couple of years the picture is a little different relative
to the S&P500. In that case, all are in the same ballpark (a little
higher/lower over time) except for two underperformers - PSP and STH. So,
relative to these funds make life simple buy SPY and close your
eyes.
Bill
----- Original Message -----
Sent: June 02, 2009 11:02 AM
Subject: [amibroker] Re: Do all trading
systems stop working? - Howard Bandy's book
There are publicly traded funds organized around various
trading systems. Below are a few for comparison:
NFO - Insider
Info
STH - Stealth
XRO - Sector Rotation
PIQ - Magni Quant
PSP -
Private Equity
FVI - ValueLine 100 Stocks
BWV - Covered Calls
CSD -
Spin Off Companies
DEF - Defensive Stocks
EZY - Low PE Ratio
Stocks
Now take each one of the above and do a relative performance to
the overall market - like VTI Vanguards Total Market ETF - and you can see how
well they work.
NFO, PSP, EZY top the list with a modest out
performance using my ranking algorithm. The majority equal the market or
underperform.
For me the most disappointing is FVI only as good as the
broad market - so much for $650.00/yr fundamental/technical analysis
newsletter. XRO - is the
worst.
ReefBreak
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