Stance Capital at a Glance: Performance Update
Growth of a $1000 investment over time
Stance positions demonstrated strong selection skill where 60% of portfolio positions outperformed the S&P500 vs 40% of stocks in the top 500 by market cap universe.**
The five largest absolute contributors to portfolio total return** were PKI, CPRT, ISRG, AMD and CHTR, representing 30.6% of the total absolute performance.
Risk Management: The largest drawdown the portfolio suffered was 8.58% vs 9.52% for the SP500, this was done while having an intra quarter beta of 0.93, which decomposes into a Beta+ of 1.05 and Beta- 0.86.*** The higher upside beta and lower downside beta represent a more efficient capture of market risk.
**Using holding dates of 2020-07-01 / 2020-09-30
***These risk management numbers are calculated from daily returns generated by using a frictionless simulation of the Stance Strategy and represent Gross numbers assuming the strategy was invested on 2020-07-01 and ending on 2020-09-30
Last 3 Years, Last 5 Years, and ITD above present cumulative returns
Read more about Stance’s performance here.