GENERAL BALANCE SEPTEMBER 2018
Dear Investors, here you'll find a small update about recent performance of GTD during September.
- Total Replication of September was -7.49%.
During the previous month the Darwin had a negative replication due to different trades gone bad.
As underlined during last weekly updates, the Darwin was taking a bit of difficulty to manage longer time frames. Algo Components sough a direction during a period of very low volatility, from which some pairs do not seems to go out. During the month a lot of movements where followed by volatility hints that gave presage for longer extensions, something that never happened and just landed to losses. In particular way, volatility was almost completely absent, and the few times it showed itself, it only served to generate inversion signals that if favored some strategies on one hand, into the other generated fake signals. This could not be avoided for some strategies in general, since volatility has caused a lot of difficulties for many components of several systems. Adding a bad timing during some trades when market moves in 50-100 Pips per weeks it only worsened the situations for components that aspired to grater direction without forgetting a decent L.A.. This phase on some pairs involved last part of August, and most of September and even if something seems to move more now, the possibility of repeating shortly is not to be excluded, it is a certainty that it can be repeated in the future as it has already happened in the past not only during September.
Nothing has changed in the core of strategies, nor on their risk profile and the bad percentage was reached just by a an accumulation of losses. Those phases are part of the all, we understand the beginning without know the end and as repeated a lot of times, Drawdown and stagnation will always be a part of the picture and it's impossible to predict with precision the end/extensions for some components/methods. Not the best conclusion for this Quarter but as stated above, cannot be avoided for some Strategies.
GENERAL BALANCE Q3 2018
- Third Quarter Q3 2018 ended with a -3.71%.
The Quarter has ended with a loss spread on particular way during the final part. That's the balance and for sure is an important data to be considered at the end of the year, for it's DD and behavior in comparison to other Quarters. A little bit of ups and downs and at the end no possibilities to have it green.
A big thanks goes to Investors, both who left, both new ones.