March 24 2008 was not much better, down 41% and also beaten by the benchmark. On average the closed portfolios are down 6.9% (so you'd be down more than 15% before considering the 12 open portfolios) and the open portfolios are down an average of 19.3%. Yikes. But February 27 2009 is up 16% thus far... break out the champagne! Or should I say sell, sell, sell!
Compared to the -6.9% drop for closed portfolios, the R3000 is down 4.6% on average. The open R3000 is down 21.4%, so we're pulling ahead a bit in the open portfolios.
For the two that just closed, the bad news stocks are frankly too long to list (though I list them all below). AIRV, EGY, CSGS, USMO and HIRE are some of the few stocks in the green. Below I list the 100 stocks for the two months and the summary of all the portfolios.
Cheers!
| AFCE $8.14 $3.92 -51.8% |
| ACN $35.79 $28.0 -21.8% |
| AIRV $5.0 $5.52 10.4% |
| AEO $22.57 $8.91 -60.5% |
| AVCI $7.31 $2.88 -60.6% |
| BBSI $16.39 $8.14 -50.3% |
| BVF $12.14 $10.79 -11.1% |
| GIB $11.08 $7.05 -36.4% |
| CITP $10.15 $2.0 -80.3% |
| CSGS $11.79 $13.32 13.0% |
| CHCG.OB $2.79 $.55 -80.3% |
| CAST $5.40 $2.65 -50.9% |
| CJR $20.93 $9.58 -54.2% |
| CUTR $12.67 $5.75 -54.6% |
| DTPI $5.69 $2.13 -62.6% |
| FTD $14.29 $14.68 2.7% |
| RAIL $41.51 $14.52 -65.0% |
| GHM $18.68 $7.61 -59.3% |
| HLYS $5.39 $1.30 -75.9% |
| HSII $33.55 $14.0 -58.3% |
| HBMFF.PK$19.90 $4.41 -77.8% |
| ICFI $26.08 $22.55 -13.5% |
| IAR $6.92 $.08 -98.8% |
| IVAC $12.41 $3.97 -68.0% |
| JTX $20.29 $3.19 -84.3% |
| KG $11.03 $6.13 -44.4% |
| KFY $17.84 $8.30 -53.5% |
| LCAV $14.10 $2.07 -85.3% |
| LGTY $10.56 $4.78 -54.7% |
| MMS $37.17 $34.13 -8.2% |
| MDP $45.07 $11.28 -75.0% |
| MSTR $70.49 $33.80 -52.0% |
| NOOF $4.78 $1.32 -72.4% |
| NVTL $11.39 $5.75 -49.5% |
| PACR $16.11 $1.76 -89.1% |
| PMTI $14.05 $6.36 -54.7% |
| PRXI $5.10 $.57 -88.8% |
| PBH $7.92 $4.49 -43.3% |
| RECN $17.13 $13.02 -24.0% |
| SLXP $6.80 $6.49 -4.6% |
| SCSS $5.08 $.20 -96.1% |
| SIMG $4.77 $2.11 -55.8% |
| TZOO $10.44 $5.50 -47.3% |
| TRID $5.52 $1.41 -74.5% |
| USMO $9.83 $10.32 5.0% |
| EGY $4.41 $5.22 18.4% |
| VRGY $19.94 $6.49 -67.5% |
| VPHM $9.23 $4.08 -55.8% |
| WON $1.89 $.05 -97.3% |
| IUSA $7.84 $2.61 -66.7% |
| AIRV $5.32 $5.80 9.0% |
| AEO $17.93 $12.83 -28.4% |
| BBSI $17.35 $9.94 -42.7% |
| BVSN.OB $27.0 $11.50 -57.4% |
| CITP $9.33 $2.49 -73.3% |
| CSGS $11.43 $13.90 21.6% |
| CAST $5.06 $3.10 -38.7% |
| CJR $18.41 $11.24 -38.9% |
| CUTR $14.02 $6.56 -53.2% |
| DLX $18.90 $10.68 -43.5% |
| DEPO $3.0 $2.68 -10.7% |
| DTPI $5.53 $2.55 -53.9% |
| ELNK $7.93 $6.82 -14.0% |
| ENDP $23.46 $17.90 -23.7% |
| FTD $13.78 $14.68 6.5% |
| RAIL $35.37 $19.25 -45.6% |
| GHM $17.46 $10.28 -41.1% |
| HLYS $4.81 $1.63 -66.1% |
| HSII $33.78 $17.87 -47.1% |
| HIRE $10.58 $19.75 86.7% |
| HBMFF.PK$16.12 $5.05 -68.7% |
| ICFI $20.15 $24.26 20.4% |
| IAR $5.29 $.08 -98.4% |
| IVAC $13.46 $5.73 -57.4% |
| JTX $11.77 $4.63 -60.7% |
| KG $9.09 $7.05 -22.4% |
| KFY $17.78 $9.58 -46.1% |
| LCAV $12.90 $3.20 -75.2% |
| LNCR $28.12 $22.29 -20.7% |
| MHP $37.91 $25.05 -33.9% |
| MRX $19.68 $13.06 -33.6% |
| MDP $39.20 $18.63 -52.5% |
| NOOF $4.69 $1.37 -70.8% |
| NVTL $9.98 $6.03 -39.6% |
| OMPI $9.35 $6.06 -35.2% |
| PACR $15.53 $3.62 -76.7% |
| PMTI $15.78 $6.59 -58.2% |
| PCR $36.82 $13.85 -62.4% |
| PRXI $5.79 $.75 -87.0% |
| SCSS $3.93 $.46 -88.3% |
| SIMG $4.92 $2.62 -46.7% |
| BID $29.23 $10.20 -65.1% |
| TSRA $15.02 $12.80 -14.8% |
| TZOO $11.64 $6.45 -44.6% |
| TRID $5.46 $1.52 -72.2% |
| TBI $14.24 $9.05 -36.4% |
| UNTD $10.67 $4.71 -55.9% |
| EGY $4.96 $5.67 14.3% |
| VRGY $18.11 $8.30 -54.2% |
| IUSA $6.64 $3.53 -46.8% |
| Date | Total | IWV |
| 1/6/2006 | 16.0% | 10.9% |
| 2/17/2006 | 21.2% | 14.6% |
| 3/29/2006 | 13.0% | 9.6% |
| 4/7/2006 | 10.3% | 12.1% |
| 5/12/2006 | 20.4% | 18.6% |
| 5/31/2006 | 29.2% | 23.3% |
| 6/30/2006 | 22.4% | 20.0% |
| 7/31/2006 | 19.7% | 17.3% |
| 8/31/2006 | 13.0% | 13.3% |
| 9/28/2006 | 12.7% | 14.6% |
| 10/27/2006 | 10.3% | 12.0% |
| 11/29/2006 | -0.3% | 4.8% |
| 12/28/2006 | -6.9% | 3.4% |
| 1/26/2007 | -10.2% | -6.6% |
| 2/27/2007 | -3.7% | -1.0% |
| 3/26/2007 | -9.8% | -5.5% |
| 4/27/2007 | -10.9% | -5.0% |
| 5/29/2007 | -11.5% | -6.3% |
| 7/3/2007 | -30.0% | -15.6% |
| 7/30/2007 | -19.9% | -11.5% |
| 8/30/2007 | -12.5% | -8.7% |
| 9/27/2007 | -19.0% | -18.2% |
| 11/2/2007 | -40.4% | -34.3% |
| 11/28/2007 | -40.1% | -38.3% |
| 12/28/2007 | -36.3% | -40.0% |
| 1/25/2008 | -36.4% | -35.9% |
| 2/26/2008 | -51.7% | -39.2% |
| 3/24/2008 | -40.9% | -37.4% |
| 4/25/2008 | -33.6% | -40.2% |
| 5/28/2008 | -34.4% | -40.4% |
| 7/2/2008 | -29.8% | -34.7% |
| 7/29/2008 | -34.0% | -35.0% |
| 8/29/2008 | -38.5% | -36.3% |
| 9/26/2008 | -33.4% | -32.5% |
| 10/31/2008 | -14.5% | -14.6% |
| 11/26/2008 | -4.9% | -6.3% |
| 12/26/2008 | -5.7% | -5.5% |
| 1/23/2009 | -0.2% | -1.2% |
| 2/27/2009 | 16.3% | 11.1% |
| 3/27/2009 | 0.0% | 0.0% |
| Grand Total | -11.0% | -9.9% |
| Closed | -6.9% | -4.6% |
Posts
2 comments:
Marsh, for the grand total returns, are you just taking the arithmetic mean of all the monthly tracking portfolios, or using some sort of IRR?
No need to be fancy. The grand totals are the averages of portfolios held for one year. So if you like you can think of them as annualized IRR (internal Rate of returns) as they all have the same duration.
MG
Post a Comment