Recent Discoveries: S&P 500 Divers of the Month
📶Decoding the S&P 500 (06/25/24 update): S&P 500 Drivers of the month, Monthly Performance Distribution & S&P 500 Tracker; Alpha Hedge Portfolio Performance
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MORNING KICKOFF
"We approach markets backwards. The first thing we ask is not what can we make, but how much can we lose. We play a defensive game."
- Larry Hite
S&P 500 DATA POINTS
S&P 500 Drivers of the Month (06/25/2024 Update)
This graph compares the Largest positive and negative Market Cap Variation in the S&P 500 Month to Date.
Technology companies (Broadcom AVGO 0.00%↑, NVIDIA NVDA 0.00%↑, Meta META 0.00%↑, Apple AAPL 0.00%↑, and Microsoft MSFT 0.00%↑ have seen significant positive market cap changes, whereas NextEra Energy NEE 0.00%↑, Advanced Micro Devices AMD 0.00%↑, Wells Fargo WFC 0.00%↑, JPMorgan Chase JPM 0.00%↑, and UnitedHealth UNH 0.00%↑ have experienced declines.
This indicates a strong performance in the tech sector and weaker performance in energy and financial sectors for the current month.
S&P 500 Monthly Performance Distribution (06/25/2024)
The majority of S&P 500 stocks have neutral performance (not considering market capitalization), with a concentration around the +0.47% mark.
The performance range spans from approximately -22.50% to +20.00%, indicating a wide variation in stock performances within the index. A few large-cap stocks (represented by larger bubbles) show substantial positive changes.
The overall S&P 500 index has a positive change of +3.63% for the month to date, marked by the yellow vertical line.
INSIDERS KNOWLEDGE HUB
Sortino Ratio: The Ideal Risk Measure for Your Investment Strategy
How to measure your investment's performance against risk?
Traditional metrics like the Sharpe Ratio can be misleading.
It includes both upside and downside risks, which may not be ideal for risk-averse investors.
The Sortino Ratio focuses solely on downside risk, providing a clearer picture for those looking to minimize losses.
Read the full article About the Sortino Ratio here.
QUANT TIME
Alpha Hedge Portfolio: Sortino Ratio
The Alpha Hedge Portfolio at the moment I write this article has a Sortino Ratio of 1.08.
A good Sortino Ratio is highly dependent on the investment strategy. Generally, a Sortino Ratio above 1 is considered a good reference point.

PERFORMANCE SNAPSHOT
S&P 500 Tracker: 06/25/2024
US stocks had a turbulent Tuesday, the S&P 500 SPY 0.00%↑ rose around 0.4%, breaking 3-session losing streaks.
Nvidia's NVDA 0.00%↑ resurgence from a 3-day decline led to mixed results across major indices.
Alpha Hedge Performance Review: 06/25/2024
The Alpha Hedge Portfolio experienced a notable daily performance increase of +0.8%, contributing to a robust monthly gain of +6.3%.

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