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Marketocracy Portfolio Update - 2 October 2009



For the period ended 31 March 2009, my Marketocracy fund beat 97.8% of the participants. Thankfully, the record for the period ended 30 June 2009 saw my fund improving further to beat 99.4% of the participating funds.

On a year to date basis, the S&P 500 recorded a 16.19% return, while the Nasdaq secured 30.47% and the Dow notched a 8.35% return. My Marketocracy portfolio obtained a 67.09% return.


Previous update:
http://malaysiafinance.blogspot.com/2009/09/marketocracy-portfolio-update-10.html

As mentioned before, the objective of the portfolio was to beat the S&P 500 consistently over time. Modern finance subscribe to the theory that over time stocks offer superior returns - that being the case, as long as you outperform the benchmark index, you will register superior long term performance. Hence it is useful to look at the performance relative to the S&P 500. Over the last 3 months, the fund managed to outperform the S&P 500 by 0.17%; over the past 6 months the outperformance was more pronounced by 20.36% (and these are in percentage points); and over the last 12 months, the outperformance was by 50.47%.

The Salvador Fund line in orange. The m100 line is the aggregate performance tracking the top 100 funds in Marketocracy. The comparison is stark but to be fair, this portfolio will need another 1.5 years before we can safely say its a superior long term performer.

Value: $1,189,962.39 Cash: $184,487.93 Stock Value: $1,005,474.46
NAV: $11.90

graph of fund vs. market indexes
SMF m100 S&P 500 DJIA Nasdaq






left curve recent returns vs. major indexes right curve



Beating QTD YTD
SMF
-3.07% 67.09%
S&P 500 -2.57% 16.19%
DOW -2.09% 8.35%
Nasdaq -3.06% 30.47%


left curve recent returns right curve


RETURNS
Last Week -2.42%
Last Month 5.66%
Last 3 Months 15.66%
Last 6 Months 43.98%
Last 12 Months 41.83%
Last 2 Years N/A
Last 3 Years N/A
Last 5 Years N/A
Since Inception 20.41%
(Annualized) 16.91%
S&P500 RETURNS
Last Week -1.96%
Last Month 3.34%
Last 3 Months 15.49%
Last 6 Months 23.62%
Last 12 Months -8.90%
Last 2 Years N/A
Last 3 Years N/A
Last 5 Years N/A
Since Inception -15.52%
(Annualized) -13.23%
RETURNS VS S&P500
Last Week -0.46%
Last Month 2.32%
Last 3 Months 0.17%
Last 6 Months 20.36%
Last 12 Months 50.74%
Last 2 Years N/A
Last 3 Years N/A
Last 5 Years N/A
Since Inception 35.93%
(Annualized) 30.13%



left curve alpha/beta vs. S&P500 right curve


Alpha 37.09%
Beta 1.17
R-Squared 0.81



left curve turnover right curve


Last Month 26.26%
Last 3 Months 76.70%
Last 6 Months 234.45%
Last 12 Months 383.98%



Symbol Price Shares Portion of Fund Gains Inception Return
MGM $10.71 4,500 4.00% $57,854.44 64.43%
BDD $11.35 5,000 4.71% $31,321.28 31.80% Details
F $6.97 10,000 5.79% $38,279.58 22.55% Details
QSII $61.08 1,500 7.61% $23,182.77 19.32% Details
KBW $31.09 4,500 11.62% $17,729.87 14.51% Details
STAR $24.93 3,500 7.25% $3,620.16 4.33%
NYB $11.42 6,000 5.69% $2,787.27 4.24%
PLD $11.23 8,118 7.57% $1,606.20 1.79%
AGEN $2.07 30,000 5.16% -$3,528.54 -5.38%
LOW $20.36 3,500 5.92% -$4,865.00 -6.39% Details
STEC $27.24 3,000 6.79% -$5,582.90 -6.39% Details
PHM $10.62 8,000 7.06% -$13,368.32 -13.60% Details





p/s photo: Preity Zinta

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