Tactical Long Short

Managed by Elite Wealth Management

2.1% Last 30 days 7.1% Last 90 days 18.8% Last 365 days 2.52 Sharpe Ratio -2.9% Max Drawdown

Tactical Long Short

Managed by Elite Wealth Management

2.1% Last 30 days 7.1% Last 90 days 18.8% Last 365 days 2.52 Sharpe Ratio -2.94 Max Drawdown
Risk score
Strategy ETFs / Funds
AUM fee 1.0%
Requirements
• Investment minimum: $10,000
• Margin account
or Sign up to invest
The strategy uses technical trading indicators to actively trade the SPDR S&P 500 (SPY) and the ProShares Short S&P 500 (SH). The strategy is appropriate for investors that are looking to sidestep market downturns, while still participating in the upside.

Research

Our strategies and the algorithms we deploy are split between both a top-down and bottom-up approach to investing depending on the particular portfolio. Our investment team utilizes extensive resources to constantly monitor the investment and capital markets landscape around the clock to identify both fundamental and technical opportunities for clients.

Approach

Investment portfolios are professionally managed and monitored with a rigid due diligence process. Performance consistency is an absolute priority and risk adjusted returns are measured continuously. Investment portfolios are constructed and optimized to capitalize on market opportunities with an eye on risk mitigation. Our portfolios are continuously stress-tested and watched carefully by our investment team.

Allocation discipline

The strategy uses technical trading indicators to actively trade the SPDR S&P 500 (SPY) and the ProShares Short S&P 500 (SH). During periods when a trade signal does not indicate a trend in either direction, the strategy will signal investing in cash. The strategy is directional, positioning either long or short. The investment philosophy behind the strategy is that one of the best ways to make money is to lose less in market downturns. So our strategy is to go long or short the market, based upon the technical facts we examine. The strategy is appropriate for investors that are looking to sidestep market downturns, while still participating in the upside.

Sell discipline

Changes in a portfolio are determined by the investment team and the investment approach designated for each strategy.

Exceptions

For the more algorithmic strategies the investment team may subjectively override an algorithmic decision based on macroeconomic or other factors that the investment team believes the algorithm is not adequately taking into consideration.

All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. This information was calculated on November 17, 2017.

Daily returns
Performance
S&P 500
Manager (net of fees )
Last 30 days 2.1% 0.7%
Last 90 days 7.1% 6.3%
Last 365 Days 18.8% 17.9%
Since inception (Annualized) 14.1% 17.2%
2017 (YTD) 16.7% 15.2%
Risk metrics (last 365 days)
S&P 500
Manager (net of fees )
Volatility 7.0% 6.8%
Sharpe Ratio 2.52 2.44
Sortino Ratio 3.44 3.26
Maximum Drawdown -2.9% -2.8%
Value-at-risk (95%, 1 week) -1.6% -1.6%
Additional metrics (last 365 days)
vs. S&P 500
Information Ratio 0.4%
Alpha 1.10
Beta 0.98
R-Squared 0.9%
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About Elite Wealth Management

Elite Wealth Management is a registered investment adviser headquartered in Kirkland, WA. Our mission at Elite Wealth Management is twofold: to provide our clients with financial guidance based on their values and priorities, and to provide them the peace of mind and confidence to pursue their financial future – no matter what the markets or life may bring. Our capabilities are fully aligned to providing the best possible client service and communication along the way. We have extensive experience managing the wealth of high net worth individuals and institutions, and are committed to delivering insightful, informed advice to help our clients achieve their financial goals.

Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.  
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-IB Asset Management performance information may include performance of non-IB Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IB Asset Management on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail IB Asset Management's trading rules, as a result, actual client returns will differ. IB Asset Management advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any IB Asset Management client account investing in this portfolio. The performance in an IB Asset Management client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their IB Asset Management account and reviewing their customized dashboard.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by IB Asset Management, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither IB Asset Management nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns displayed have been calculated by IB Asset Management using daily benchmark prices and do not include dividend income. More information here. For certain portfolios IB Asset Management uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of IB Asset Management has been provided by the Portfolio Manager. IB Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IB Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IB Asset Management, and are intended to serve as a general guide.
  8. Not all transactions listed will appear in accounts due to IB Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  9. This portfolio was launched on IB Asset Management on February 01, 2016.
  10. The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  11. The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.