Perfomance of a watchlist

What would be the most straight forward way to see the performance of a watch list, as a whole? Maybe daily, weekly, and monthly performance stats.

Thanks
Tony

Few options for you

Go to the Watchlist list . Click on Watchlists in the Dashboard or from the menu Manage->Watchlists . You can see some performance stats there

Click on the watchlist and go to the Tickers->Performance tab. You can see stats for each stock as well as the watchlists and the benchmark

Click on the watchlist and go to the top Performance tab (should be renamed to Chart or something)

If this is not what you want please elaborate. I think you want something like each month performance which we do not have. Also there is no way to download the data for the watchlist chart which we can easily add.

Thanks




Thanks Marco. Very nice. I think this is the only service I have seen that offers that.

Next question. I assume this is equal weighted. What if I want a non-equal weighted watch list?

Thanks
Tony

Yes , each daily performance is equal weighted and compounded.

There’s no concept of weight in a watchlist . How would it work ?

Have you tried creating a Custom Allocation in a paper account ? It lets you set the target weights and tolerance and shows you all sorts of neat statistics. see images



Marco,

I am not necessarily recommending this.

But it seems you could easily add “beta matching” or “risk parity” to this.

So, some people like different adaptive allocation models, tangency portfolios etc.

I would guess a tangency portfolio would be a heavy lift—or it would be for me. It would involve correlation matrices etc. I am NOT recommending this (unless you are better at math than I am and it would not take much computer resources). Motivated people can do the relatively difficult math with external programs. Few of us are capable of programming this themselves.

But away from Modern Portfolio Theory people like to balance the risk of their holdings. Beta weighting is used everywhere—like with pairs matching to try to balance the movement of the long and short holdings. Same for risk parity.

And the math would only involve what you already do very well—normalizing the beta and/or standard deviation and adjusting the holdings accordingly.

I am SURE you would see a boost in some of the backtests with this. At times this would be considerable. Both in absolute returns and in risk adjusted returns. That would attract or keep some members, perhaps.

Just if you think there is a demand. I do think the people who use this type of thing are also the ones that do not post much. They do not need a lot of guidance or hand-holding.

FWIW as just an idea. I am one of those who could live without it. I would also see it as a pretty sophisticated thing when looking for a place to settle. I am already here and staying so does not apply to me but I would run it in a book (or watchlist) sometimes instead of going over to Portfolio Visualizer to do it.

Jim

I would also love weighting or allocation functionality in the watch list. The neat thing about portfolio 123 is it allows you to easily compare the performance of various watch lists against each other. Unfortunately, this only works for equal weighting. This is still very useful and my favorite feature.

If we use paper accounts for this, we don’t get to see and compare the various strategies within the account easily over various time frames 1D, 1W, !M, 1Y etc. since the performance calculations are only based on when you created the watch list I think (like how you can see in the watchlist page which displays all the watch lists). I wish the system calculated what the performance would have been in the past with the current allocation.

I would also love to compare a watch list against watch list in the charts… for example, use a watch list as a benchmark.