March 11, 2010 11:42 AM ET
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Macro with Income Focus (Macro)
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Computerized Agorithms (Market timing)
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Venture Capital-Backed Equities (Special Situations)
Craig Steury
Strategy Computerized Agorithms
Category Market timing
Average trade replication time 2 minutes
799 Views
0 Subscribers
Fees 1.50% of invested assets p.a. Subscription Min $5,000.00*
Craig is the portfolio manager and president of Velocity Systems LLC., which specializes in developing proprietary computerized trading systems. This model is a Long - Short, US Equities Trading System which is weighted towards NASDAQ issues that are in a short term, high-growth technical pattern. The model will execute on computerized rules and typically holds a position for a 2 - 6 day... [more +]
He utilizes an investment approach exclusively dedicated to computerized trading models and proprietary algorithms which target both long and short positions for US equities. The equities must be above $3 share price with moderate to high volume, while meeting many fundamental criteria (Top 50 Industry Rank, Analyst Recommendation and High / Low PE Ratio, etc). Stocks are ranked on a continuous... [more +]
Initial screening criteria target top performing issues for all industry segments with additional weighting on key indicators such as insider trading and forecasted growth. A target population of 800 issues is generally pared to a dozen or so which meet both the fundamental criteria and specialized technical analysis for trading each day.
His data sources include Zachs, StockScouter, Reuters and... [more +]
His short-term trading strategies seek to substantially reduce risk and over-exposure to poorly performing issues and sectors during periods of substantial market volatility.
Percentage of portfolio actively invested fluctuates with the trending of the market. At any one time typically 2 - 5 positions are held and 20% to 90% of capital actively invested.
His model strictly favors short-term incremental profits to a more traditional buy and hold approach; a view that favors high turnover, quickly compounding, lower risk trading. Target profits can vary from 4 - 10% with a fluctuating stop value of 3.5 - 1% based on several criteria. Typically if a profit target is not met within 6 days the position is exited. Craig will soon be integrating... [more +]
This model rarely deviates from computerized rules. All changes, updates and enhancements to the systems are extensively tested in a real world environment before implemented.
Investment Report
January was a difficult month for trading. We experienced the steepest decline since before March ’09 and prior to that there was little direction.
The emerging market stocks triggered a buying opportunity right around mid month as a bounce occurred after a sharp 2 week correction. This turned out to be the jump from what traders sometimes call a ‘head and shoulder’s pattern’ which we came out...
February 2010
Personal Background
- Portfolio Manager, full time trader and President of Velocity Systems LLC.
- Velocity Systems LLC develops computerized trading systems offering online access at www.velocitytrading.net for retail investors to follow continuously updated computerized trading models while developing a fully automated system trading platform
- 20 years in management software and computerized intelligence
Experience on Covestor.com‡
Craig Steury's Covestor.com Profile
- Overperformed S&P 500 for 5 of their 12 months on Covestor.com#
- Return Since Inception: 88.73% (March 2009)
- Last 3 Months Return: -1.63% (S&P 500 0.81%)
- Annualized Return: 94.31%
- Sharpe Ratio: 2.57 (S&P 500 -0.09)
- Maximum Drawdown: -17.31% (S&P 500 -56.78%)
Performance
| Inception January 08, 2010 | Model Manager | S&P 500 |
|---|---|---|
| Return Since Inception (%) | (9.38) | 0.06 |
| Month to Date Return (%) | 5.72 | 3.72 |
| Sharpe Ratio | (1.31) | 0.01 |
Monthly Performance (%)
| Month | Return | S&P500 | Outperformance | Risk | Performance |
|---|---|---|---|---|---|
| Feb | 2.78 | 2.85 | (0.07) |
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| Jan | (16.60) | (3.70) | (12.91) |
|
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The performance of the model manager's account has been calculated by CVIM on a daily time-weighted basis including cash and broker commissions. These returns do not reflect any CVIM suitability or risk score restrictions and are exclusive of CVIM fees. Therefore, they do not represent the performance of the CVIM model available for subscription. Benchmark returns have been calculated by CVIM using a time-weighted calculation of daily valuations and do not include cash or transaction costs. Please see the additional disclosures below.
Top Holdings
| Symbol | Security | Exchange | Allocation (%) |
|---|---|---|---|
| HE | HAWAIIAN ELECTRIC INDS | NYSE | 70.54 |
| Cash | n/a | n/a | 29.47 |
Total Holdings 2
Data displayed is as of market close: March 10, 2010
Recent Transactions
| Symbol | Security | Type | Price |
|---|---|---|---|
| HE | HAWAIIAN ELECTRIC INDS | Buy | $20.89 |
| SOLF | SOLARFUN POWER HOLDINGS-ADR | Buy to Cover | $6.49 |
| SOLF | SOLARFUN POWER HOLDINGS-ADR | Sell Short | $6.73 |
| FSP | FRANKLIN STREET PROPERTIES C | Buy to Cover | $12.90 |
| FSP | FRANKLIN STREET PROPERTIES C | Sell Short | $12.45 |
Data displayed is as of market close: March 10, 2010
* The Subscription Minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by CVIM, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.
‡ Covestor.com performance data has been calculated by Covestor on a daily time-weighted basis of the equity positions of the account and is exclusive of any commissions and cash in the portfolio. The member's performance on Covestor.com, based on a separate account, may not reflect the strategy employed to manage the model available for subscription on CVIM. Please see additional disclosures below.
# Since the model manager's inception in Covestor.com
It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. The information set forth herein is not a substitution for personalized investment advice, and should not be construed as a recommendation to purchase or sell a particular security or to subscribe to a particular model.
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