The Model Portfolio Quant Alpha’s was updated this morning. A new Add was made and one Removal was made. All prices are as of 05/01/2024. A total of 24 stocks are in the Portfolio now.
This Portfolio uses Quant scores as the chief factor in adding and removing stocks. Other criteria is used to limit the scope of the stocks to be considered. The criteria is shown below.
- No Micro-Cap stocks.
- High liquidity.
- USA or Canada headquartered only stocks.
- Twice a month I will add to the Portfolio.
- I will not use subjective criteria for Stock selection.
- When a Remove signal is received, I will remove 100% of that stock, not a portion.
- I will not add any stocks that are Airlines, crypto related, BioTech or Mega Cap..
- You can expect that eventually 30 to 35 stocks will be in the Portfolio.
- The holding period is expected to range from 9 months to 2 years.
Add – CNM (Core & Main)
Remove – MHO (M/I Homes)
Since the last update several weeks ago, this Portfolio has maintained its wide outperformance against the ETF benchmark, EQAL. The Portfolio is up over 83% for 2023-2024 and beats its benchmark by 73%.
Standout performers in the Portfolio include SMCI up +576% since its addition on 4/14/23, POWL up +219% since its addition on 5/12/23 and ANF up +139% since its addition on 10/18/23.
Quant Alpha’s Portfolio details here
YOUTUBE Swing Trader Trading Channel
Model Portfolio Performance 12-31-2022 to 05-01-2024
Backtests for the Five Model Portfolios
The Quant Alpha’s Model Portfolio Added CNM this update. It is an Industrial Distribution company. Since the last update, several of the Portfolio stocks had earnings updates. SMCI (Super Micro Computer) and POWL (Powell Industries) issued new earnings reports. Both earnings reports showed strong improvement. However, wall street was ‘disappointed’ with the SMCI results and ‘thrilled’ with the POWL results. SMCI dropped dramatically and POWL went up just as dramatically. The Portfolio as a whole continues it’s dramatic outperformance since it went live in April, 2023. The Portfolio is up 83% since then.
All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Disclaimer
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