Interesting 🧐 all major us indices finished negative ranging from -0.14% to -0.34% while my portfolio finished today +0.65%

My portfolio has mind of its own 😆
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Aaron Kettl's avatar
I thought that was strange too. My portfolio is normally pretty in sync with the $NDAQ but that was not the case today. Today my portfolio was up about 1%. I’ll take it!
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.Yegor's avatar
@from100kto1mOctober 13
Author
@aaronkettl that’s definitely awesome 😎 any + over any - 😆
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Doug Helton's avatar
Way to buck the trend :)
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Conor Mac's avatar
Your portfolio is less correlated, love it. Do you track Sharpe at all?
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.Yegor's avatar
@from100kto1mOctober 13
Author
@investmenttalk not really “I can’t remember where I put my sharpie , wife keeps moving it around the house” 😭

Okay okay I’ll stop , you don’t know how long I been waiting to use that joke

On the serious note, I actually never looked into sharpe or what is it or what it does 🤔

is it something like beta?
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Conor Mac's avatar
Basically shows you how your returns were earned on a risk adjusted basis. Measures the performance of your portfolio relative to the risk-free rate and adjusts by risk.
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.Yegor's avatar
@from100kto1mOctober 13
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@investmenttalk hmmm is there a way of doing it without “it” being too complicated? Feels like too much work and risk is really subjective (as with volatility) IMO
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Conor Mac's avatar
Calculating in on your own is a lot of work, some brokers provide it for you. Mine thankfully does. In 2019 i beat the market with a sharpe of 2.0, in 2020 i beat it with a 1.0. So tells me I took more risk in the second year to earn similar return.
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.Yegor's avatar
@from100kto1mOctober 13
Author
@investmenttalk looked into Webull couldn’t find , would be interesting to see but definitely not going through the troubles of plugging numbers myself
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