1.
Commentary
April was an
uninspiring month for Zone Capital with our track record account posting
a loss of 1.2%. All our systems underperformed this month and, as such,
risk and leverage was automatically reduced to low levels.
This type of performance is quite consistent with both our backtesting
and previous track record results and so are not concerned. Looking at
our past equity curve there are several flat spots over the course of
the last 5 years. The key to long term success is to ensure that these
are, indeed, flat spots rather than large dips, which can be difficult
to recover from or encourage the use of higher leverage in order to
speed recovery. Our risk management is geared towards a philosophy of
preferring longer, shallower drawdowns rather than shorter steeper
periods of underperformance.
Regardless, we remain ever vigilant about both managing risk and
searching for new systems to augment our current inventory of systems
and look forward to more favourable performance in the months ahead.
For more information please
visit our website:
www.zonecapital.com.au
2.
Performance
|
|
Apr 09 |
Mar 09 |
|
%
Return |
(1.2%) |
0.7% |
|
3.
Track Record* Update
Cumulative
Performance
Summary Performance Statistics
|
|
Since Jan 04 |
|
Cumulative % return |
863% |
|
Annualised % return |
53% |
|
Maximum Drawdown |
18.7% |
|
Sharpe Ratio |
1.5 |
|
Sortino Ratio |
5.6 |
|
*Track Record, as presented, is based on the trading account of