XLK: 60-day history, VaR(99%)=-0.0427, max drawdown threshold=10%.

Question:
Asset: XLK
Daily returns (past 60 days): mean=-0.0024, std=0.0165, worst_day=-0.0427
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2018-11-20] ["Asian stocks drop as tech pullback, Nissan CEO\u2019s arrest take toll Auto, electronics sectors weigh on Nikkei; tech stocks sink Hang Seng Asian stock markets fell Tuesday, following tech-led declines on Wall Street.", "Netflix\u2019s \u2018death cross\u2019 is the third for FAANG stocks and Nasdaq Composite is next Amazon and Apple are the last FAANGs to not produce a \u2018death cross\u2019 while the Nasdaq Composite should produce one next week Netflix\u2019s stock has fallen far enough and long enough to produce its first \u201cdeath cross\u201d pattern in nearly three years, becoming the third member of the FAANG technology darlings to suffer that bearish technical fate.", "Apple\u2019s Tim Cook says tech regulation \u2018inevitable\u2019 because free market isn\u2019t working In interview, CEO also says Silicon Valley has dropped the ball on gender diversity Regulation of tech companies is coming, Apple Inc. Chief Executive Tim Cook says, because the free market \u201cis not working.\u201d", "Apple's stock falls 2.1% premarket, on track to open in bear-market territory", "Apple's stock on track to open in bear-market territory, joining all other FAANG stocks Shares of Apple Inc. slumped 2.6% in premarket trade Tuesday, extending the previous session's losses to a 4 1/2-month low and to put them on track to open in bear-market territory. Many on Wall Street define a bear market as a decline of 20% or more from a bull-market high. On that basis, Apple's stock would be in a bear market with a close at or below $185.65, which is 20% below the Oct. 3 record close of $232.07. On Monday, the stock dipped below that threshold in intraday trade, but pared losses to close down 19.9% from its record close. Apple's stock hasn't been in a bear market since it came out of the last one on Aug. 15, 2016. Apple is the only FAANG stock that hasn't already entered a bear market. Shares of Facebook Inc. and Netflix Inc. have been in bear markets since July 30, Amazon.com Inc. has been in a bear market since Oct. 29 and Google parent Alphabet Inc. closed in a bear market on Monday. Meanwhile, the Nasdaq Composite closed Monday 13.3% below its Aug. 29 record close of 8,109.69 and the S&P 500 ended Monday 8.2% below its Sept. 20 record of 2,930.75.", "Apple target cut at Goldman amid concerns of 'deteriorating demand' Goldman Sachs analyst Rod Hall cut his price target on Apple Inc. shares to $182 from $209 late Monday amid the latest reports of iPhone production cuts coming from the Wall Street Journal. That report suggested \"deteriorating demand relative to what the company had initially expected\" for the new iPhones, according to Hall's take, and he sees \"additional twists\" to what was reported. \"In addition to weakness in demand for Apple's products in China and other emerging markets it also looks like the balance of price and features in the iPhone XR may not have been well-received by users outside of the U.S.,\" wrote Hall, who lowered his Apple

Determine the maximum fraction of total portfolio capital that should be allocated to XLK, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0427 (i.e., a 4.27% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0427 = 2.3410, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ADA-USD: 60-day history, VaR(99%)=-0.1411, max drawdown threshold=10%.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0018, std=0.0516, worst_day=-0.1683
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to ADA-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.7086

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1411 (i.e., a 14.11% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1411 = 0.7086, capped at 1.0.
Maximum position size = 0.7086 (70.9% of portfolio).


MTUM: 60-day history, VaR(99%)=-0.0383, max drawdown threshold=10%.

Question:
Asset: MTUM
Daily returns (past 60 days): mean=0.0020, std=0.0141, worst_day=-0.0383
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2020-09-10] ["$718 mln options unwind signals more caution on tech stocks By April Joyner NEW YORK, Sept 10 (Reuters) - A large options player unwound bets on several technology-related companies on Thursday, offering another sign of the market's recently diminished appetite for shares in the sector. The unidentified investor took off around $718 million of notional value in bullish options spreads known as risk reversals in Facebook Inc FB.O, Netflix Inc NFLX.O and Adobe Inc ADBE.O, according to a Reuters analysis based on data from Susquehanna Financial Group. The investor partially closed a similar position in Saleforce.com Inc CRM.N on Tuesday. The trades were structured differently than positions widely attributed to SoftBank Group Corp 9984.T, whose big bets on equity derivatives tied to tech firms came to light last week. Thursday's unwinds were partial, and the positions still have a notional value of around $1.66 billion, the analysis showed. Still, investors following large institutional trades in tech-related names may view the moves as a bearish signal, said Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group. \"Investors have been watching this big bullish flurry of trades that happened earlier in August, looking for signs of it beginning to be closed,\" he said. \"It could have a negative impact on sentiment.\" Robust options activity from institutions like SoftBank and hordes of retail investors is widely believed to have contributed to last month's big run-up in stocks, as well as a recent sell-off that the Nasdaq confirmed on Tuesday was a correction, commonly defined as a decline of 10% or more from an index's high. U.S. stocks closed lower after a choppy session on Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session. Overall, demand for protective put options has risen among tech-related names. But frothiness still remains in call options, which are used to position for upside in stocks, for certain companies such as Apple Inc AAPL.O and Tesla Inc TSLA.O, said Arnim Holzer, macro and correlation defense strategist at EAB Investment Group. Skew, a measure that gauges demand for puts in relation to calls, on Tesla options turned negative once again on Thursday, according to data from Trade Alert, reflecting surging demand for calls. \"There is a fair amount of call skew in some of those names,\" Holzer said. \"That gives us a sense that there can still be some downward pressure, relative to the S&P, in those very large-cap tech names.\" Most of the trades attributed to SoftBank, which are seen as bullish positions on tech-related names, remain in place. Some have been moved to higher strike prices in an apparent bet on a further rise in the underlying shares. SoftBank declined to comment. The trades attributed to SoftBank are call spreads - a combination of a put purchase and a put sale - several of which expire in November. By contrast, the bullish r

Determine the maximum fraction of total portfolio capital that should be allocated to MTUM, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0383 (i.e., a 3.83% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0383 = 2.6134, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VTI: 60-day history, VaR(99%)=-0.0190, max drawdown threshold=10%.

Question:
Asset: VTI
Daily returns (past 60 days): mean=0.0006, std=0.0074, worst_day=-0.0212
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2021-10-21] ["Customer engagement platform Batch raises $23 million after years of bootstrapping If you\u2019ve been working in the French tech ecosystem, you may remember a startup called AppGratis. From the team that brought you AppGratis, Batch is a customer engagement platform that has been operating under the radar for many years. It\u2019s a customer engagement platform that competes with Braze as well as big enterprise solutions from Salesforce, Adobe, Oracle, IBM and Microsoft.", "Apple will require unvaccinated employees to test for COVID-19 daily Apple will require all unvaccinated corporate employees to be tested for COVID-19 every time they have to work in the office.", "The Morning After: Will Facebook change its name? Today\u2019s headlines: Some Windows 11 users can start testing Android apps, Netflix CEO says he 'screwed up' on Dave Chappelle as employees walk out, \u2018Cyberpunk 2077' PS5 and Xbox Series X/S upgrades delayed until 2022.", "Apple will require unvaccinated employees to test for COVID-19 daily Apple has yet to issue a mandate similar to Google's that would require all employees to be vaccinated, but it's tightening its COVID-19 protocols nonetheless. According to Bloomberg, the tech giant will start requiring all unvaccinated corporate employees to be tested for COVID-19 every time they have to work in the office instead of working from home. Back in September, Bloomberg reported that Apple asked employees to share their vaccination status voluntarily.", "Apple's AirTags are 10 percent off at Woot today Apple's AirTags are down to $26 each when you buy them from Woot today only.", "Meet the 2021 Women in Technology Hall of Fame Inductees Female Executives and Leaders to be Honored for Their Impact and Achievements Featured Image for WITI - Women in Technology International Featured Image for WITI - Women in Technology International LOS ANGELES, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Women in Technology International (WITI), the leading organization for the advancement and inclusion of women in business and technology, today announced its eight inductees into the 2021 Women in Technology Hall of Fame. The honorees will be inducted dur", "Product Marketing Alliance: From $0 to $1M+ ARR in 12 months: product marketing is the world's fastest-growing job role The role of product marketing is on the rise. It's no longer seen as a nice-to-have, it's a company commodity for forward-thinking, fast-growing, market-dominating organizations worldwide.", "Google lowers Play Store fees to 15% on subscription apps, as low as 10% for media apps Google is lowering commissions on all subscription-based businesses on the Google Play Store, the company announced today. Previously, the company had followed Apple's move by reducing commissions from 30% to 15% on the first $1 million of developer earnings. Instead of charging them 30% in the first year, which lowers to 15% in year two and beyond, Google says developers will only be charged 15% from day o

Determine the maximum fraction of total portfolio capital that should be allocated to VTI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0190 (i.e., a 1.90% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0190 = 5.2642, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.0551, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=0.0007, std=0.0226, worst_day=-0.0592
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to XRP-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0551 (i.e., a 5.51% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0551 = 1.8150, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.0848, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0116, std=0.0437, worst_day=-0.0909
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to ETH-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0848 (i.e., a 8.48% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0848 = 1.1792, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.1145, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=-0.0021, std=0.0521, worst_day=-0.1372
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to MATIC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.8737

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1145 (i.e., a 11.45% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1145 = 0.8737, capped at 1.0.
Maximum position size = 0.8737 (87.4% of portfolio).


^VIX: 60-day history, VaR(99%)=-0.1825, max drawdown threshold=10%.

Question:
Asset: ^VIX
Daily returns (past 60 days): mean=0.0032, std=0.1055, worst_day=-0.1825
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2015-09-15] ["Chip Stocks Up Despite Falling Semiconductor Billings", "Chip Stocks Up Despite Falling Semiconductor Billings", "Is Apple, Inc.'s \"3D Touch\" Supplier a Buy? As expected, the headline selling feature in Apple 's new iPhone 6s and 6s Plus models will be 3D Touch, the rebranded technology that integrates pressure sensitivity into the display to unlock a whole new slew of interface interactions. Seeing as how investing in Apple component suppliers is a popular investing trend these days, investors can't help wondering if Analog Devices is worth looking at, since the smaller analog-chip maker is reportedly the exclusive supplier of the microcontroller that drives the 3D Touch display. Is Analog Devices a buy? The Street has been busy tackling this very question. Last month before earnings, BlueFin Research Partners estimated that overall Force/3D Touch revenues could add up to an additional $500 million in fiscal 2016. The firm notes that Analog Devices has had some trouble finding customers willing to pay for its superior performance, but Apple fits the bill quite nicely. Seeing as how the iPhone 6s and 6s Plus production ramp likely started a few months ago, it was no surprise when Analog then reported record revenues of $863 million in its fiscal third quarter. It was also pretty obvious where the strength was coming from as well. Source: SEC filings. In no uncertain terms, the consumer segment stole the show. Naturally, Analog Devices has to speak vaguely when referring to Apple on the conference all, but it's pretty clear who it is. Here's CFO David Zinsner: Not only were the quarter's results better than expected, but Analog Devices also issued upbeat guidance. In the coming quarter, revenue is expected in the range of $880 million to $940 million, which utterly crushed the consensus forecast of $876 million. There's more where that came from Following the strong results, SunTrust Robinson Humphrey boosted its rating on Analog Devices to \"buy\" while increasing its price target from $68 to $71. The firm believes that Apple Force/3D Touch will proliferate throughout Apple's lineup in the coming quarters, and Analog Devices will be a key beneficiary as the incremental revenue adds up. This is an entirely reasonable conjecture, since Apple tends to introduce innovative new technologies in one major product before bringing it to the rest of the product portfolio. Usually, Apple does this with the iPhone first, but this time around it introduced Force Touch first in Apple Watch and the new MacBooks before the iPhone (Analog Devices supplies the chips in both of these devices). That being said, I fully expect the iPad to get 3D Touch next, although it'll take more time to implement the technology on such large displays. RBC Capital also rates Analog Devices \"outperform\" with a $70 price target. It seems that the Street is mostly bullish on Analog Devices as Apple ramps up Force/3D Touch. Even though Apple is contributing heavily to the near-te

Determine the maximum fraction of total portfolio capital that should be allocated to ^VIX, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.5480

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1825 (i.e., a 18.25% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1825 = 0.5480, capped at 1.0.
Maximum position size = 0.5480 (54.8% of portfolio).


XLU: 60-day history, VaR(99%)=-0.0188, max drawdown threshold=10%.

Question:
Asset: XLU
Daily returns (past 60 days): mean=0.0007, std=0.0081, worst_day=-0.0220
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2019-08-16] ["7 Stocks To Watch For August 16, 2019", "KeyBanc Maintains Overweight on Applied Materials, Lowers Price Target to $54", "A Peek Into The Markets: US Stock Futures Signal Higher Start On Wall Street", "26 Stocks Moving in Friday's Pre-Market Session", "Applied Materials shares are trading lower after the company reported Q3 earnings.", "Craig-Hallum Downgrades Applied Materials to Hold", "7 Technology Stocks Moving In Friday's Pre-Market Session", "Benzinga Pro's Top 10 Most-Searched Tickers For Morning of Friday., August 16, 2019", "Benzinga's Top Upgrades, Downgrades For August 16, 2019", "Morgan Stanley Maintains Equal-Weight on Applied Materials, Raises Price Target to $43", "Applied Materials Posts Solid Q3 Results, But Faces Near-Term Headwinds, KeyBanc Says", "A Look At Benzinga Pro's Most-Searched Tickers For August 16, 2019", "A Look At Benzinga Pro's Most-Searched Tickers For August 16, 2019", "Applied Materials Posts Solid Q3 Results, But Faces Near-Term Headwinds, KeyBanc Says", "Morgan Stanley Maintains Equal-Weight on Applied Materials, Raises Price Target to $43", "Benzinga's Top Upgrades, Downgrades For August 16, 2019", "Benzinga Pro's Top 10 Most-Searched Tickers For Morning of Friday., August 16, 2019", "7 Technology Stocks Moving In Friday's Pre-Market Session", "Craig-Hallum Downgrades Applied Materials to Hold", "Applied Materials shares are trading lower after the company reported Q3 earnings.", "26 Stocks Moving in Friday's Pre-Market Session", "A Peek Into The Markets: US Stock Futures Signal Higher Start On Wall Street", "KeyBanc Maintains Overweight on Applied Materials, Lowers Price Target to $54", "7 Stocks To Watch For August 16, 2019", "Technology Sector Update for 08/16/2019: CSCO,PHUN,NVDA,AMAT Top Tech Stocks MSFT +1.52% AAPL +2.23% IBM +1.22% CSCO +1.63% GOOG +0.98% Technology stocks held on to their prior gains this afternoon, with shares of tech stocks in the S&P 500 climbing nearly 1.8% while the Philadelphia Semiconductor Index was rising almost 2.9%. Among technology stocks moving on news: (+) Cisco Systems (CSCO) rose 1.6% on Friday after the networking equipment company disclosed plans to eliminate nearly 500 jobs at its facilities in San Jose and Milpitas, Calif. The company filed two WARN notices with the California Employment Development Department on July 30 stating it expects to cut 397 jobs at its corporate headquarters in San Jose and another 91 positions in Milpitas. In other sector news: (+) Phunware (PHUN) rose more than 7% on Friday, recouping a large slice of Thursday's 19% drop to a record low close of $1.13 a share after regulatory filings showed CEO and co-founder Alan Knitowski and chief technology officer and co-founder Luan Dang bought a combined 87,500 shares from the Curo Capital Appreciation Fund priced at $1.35 apiece. Thursday's steep drop followed the mobile applications company reporting an $0.08 per share Q2 net loss, reversing a $0.17 per share profit last year, while revenue

Determine the maximum fraction of total portfolio capital that should be allocated to XLU, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0188 (i.e., a 1.88% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0188 = 5.3284, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DOT-USD: 60-day history, VaR(99%)=-0.1923, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=-0.0086, std=0.0701, worst_day=-0.1989
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-07-06]

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.5201

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1923 (i.e., a 19.23% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1923 = 0.5201, capped at 1.0.
Maximum position size = 0.5201 (52.0% of portfolio).


XLB: 60-day history, VaR(99%)=-0.0176, max drawdown threshold=10%.

Question:
Asset: XLB
Daily returns (past 60 days): mean=0.0002, std=0.0087, worst_day=-0.0185
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2018-08-28] ["Here\u2019s What Blockchain Technology Means for IBM Stock InvestorPlace - Stock Market News, Stock Advice & Trading Tips IBM (NYSE: IBM ) has been in a prolonged restructuring, and the results have been mixed at best. This is particularly aggravating since various other old-line tech giants like Microsoft (NASDAQ: MSFT ), Cisco (NASDAQ: CSCO ) and Adobe (NASDAQ: ADBE ), have staged strong turnarounds. But I think investors should not give up on IBM stock. The fact is that the company is making progress. More important, it has been investing heavily in next-generation technologies. Just look at the blockchain category. The roots of this technology go back to 2009, with the creation of the bitcoin cryptocurrency. The blockchain technology was the foundation of it, acting as a powerful ledger system. This meant that the transactions were stored in a decentralized database and only accessible by private key cryptography - making it highly secure. 21 Beverage Stocks to Buy for the Contrarian-Minded Since then, the interest in blockchain has certainly gotten more and more intense. But the applications are much wider than just cryptocurrency. Blockchain really represents a new way of storing any kind of critical information. And this is ideal for a company like IBM. In fact, the company has already made significant strides. IBM Stock and the Blockchain An example of this is TradeLens, which involves an alliance with Maersk, a major integrated container logistics company. The platform leverages blockchain technology to track transactions across the shipping supply chain. So far, there are 94 organizations in the program that account for 234 marine gateways worldwide. TradeLens provides transparency, which is often lacking in global trade. But there is also the use of sophisticated IoT (Internet-of-Things) sensor data to provide real-time access. To get a sense of the power of this platform, it has helped reduce the transit times of shipments of packing materials to the U.S. by as much as 40% . Keep in mind that global shipping represents about four trillion dollars in goods every year. But TradeLens is not the only initiative. For example, there is LedgerConnect , which helps financial institutions to create their own blockchain apps. Some of the partners include Barclays (NYSE: BCS ) and Citigroup (NYSE: C ). Some of the core functions of LedgerConnect include collateral management, sanctions screening and derivatives processing. Although, the technology should also help promote standards in the financial industry and also make it easier to develop new innovations. And as the system gets more traction, there is likely to be the benefit of network effects, which should lead to strong barriers to entry. The Bottom Line on IBM Stock When it comes to IBM stock, blockchain technology is still in the early stages, but it should have a pervasive impact in the coming years. What's more, IBM's efforts show that the company is focused on innovation and taking

Determine the maximum fraction of total portfolio capital that should be allocated to XLB, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0176 (i.e., a 1.76% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0176 = 5.6897, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DOT-USD: 60-day history, VaR(99%)=-0.1369, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=0.0185, std=0.0647, worst_day=-0.1890
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.7303

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1369 (i.e., a 13.69% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1369 = 0.7303, capped at 1.0.
Maximum position size = 0.7303 (73.0% of portfolio).


BNDX: 60-day history, VaR(99%)=-0.0022, max drawdown threshold=10%.

Question:
Asset: BNDX
Daily returns (past 60 days): mean=0.0003, std=0.0013, worst_day=-0.0024
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to BNDX, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0022 (i.e., a 0.22% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0022 = 46.0446, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


FXI: 60-day history, VaR(99%)=-0.0288, max drawdown threshold=10%.

Question:
Asset: FXI
Daily returns (past 60 days): mean=-0.0015, std=0.0154, worst_day=-0.0294
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-01-07] ["Tuya Officially Announces Support for Matter Smart Home Standard Tuya Smart (NYSE: TUYA), a leading IoT development platform service provider, today officially affirmed its support for Matter, a commitment to ensure that Tuya's customers and business partners can seamlessly join in the new smart home connectivity standard and provide users with more convenient smart home experience.", "Startups at CES showed that age-tech can help everyone After all, the usefulness of things like mobility aids, health monitoring platforms and long-term financial planning aren\u2019t limited to the elderly. It\u2019s algorithms learns a person\u2019s habits, and informs caregivers if there are any changes in behavior.", "Cannabis Megasite WayofLeaf.com Launches App That Monitors Health Effects of Different Marijuana Strains Cannabis and alternative health megasite WayofLeaf.com has announced the release of a new mobile app that monitors and tracks various health vital signs before and after the use of specific cannabis products. The goal of the app, according to its creators, is to help establish a reliable database that accurately outlines the health effects of various cannabis strains and products.", "Tinder's upcoming 'Swipe Party' feature lets friends help you choose dates Tinder is working on a new feature called Swipe Party that will let you invite friends online to help you vet dates.", "The weirdest stuff we saw at CES 2022: John Deere's self-driving tractor, robot masseuses Among the odder sights at this year's Consumer Electronics Show: an autonomous tractor from John Deere and robots that will give you a massage.", "Apple Fitness+ introduces new 'Collections' feature and 'Time to Run' series Apple Fitness+ is introducing a new \"Collections\" feature along with a new \"Time to Run\" series starting on January 10th. Apple says Collections will give users a suggested plan to help them make specific training choices. Apple's new \"Time to Run\" series is an extension of its \"Time to Walk\" feature that launched last year.", "Apple Fitness+ will add an audio-based running feature on January 10th A curated series of workouts and meditations called Collections debuts on the same day.", "The Mac Mini M1 is up to $150 off, plus the rest of the week's best tech deals This week's best tech deals include up to $150 off the Mac Mini M1 desktop, $60 off the iPad Air, and $40 off the Google Nest Hub smart display.", "Model Brooks Nader says someone used an AirTag to track her She claims she didn't get a notification about the device until she was walking home alone.", "Agency A+ plans to expand its operations to the United States Agency A+ celebrates 14 years in 2022 and plans to expand its activities to the United States. With a strong performance in integrated communication, the company is owned and managed by Tatiana Marzullo Varges and provides PR, Digital Marketing, Social Media and Corporate Communication services to several multinational and Brazilian compa

Determine the maximum fraction of total portfolio capital that should be allocated to FXI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0288 (i.e., a 2.88% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0288 = 3.4677, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


IWM: 60-day history, VaR(99%)=-0.0355, max drawdown threshold=10%.

Question:
Asset: IWM
Daily returns (past 60 days): mean=-0.0009, std=0.0141, worst_day=-0.0371
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-01-14] ["3 Downtrodden Stocks to Sell Before It Gets Worse InvestorPlace - Stock Market News, Stock Advice & Trading Tips Downtrends are multiplying across the land, and bears\u2019 ranks are swelling. Despite the fact that the Nasdaq Composite still sitting a stone\u2019s throw from its peak, some 40% of the index has been cut in half. There\u2019s trouble beneath the surface, making for narrowing leadership and, ultimately, more vulnerability. I scanned my watchlist of the downtrodden and discovered three ugly stocks to sell before they get worse. And you don\u2019t need to perform any mental gymnastics to grasp why lower prices are in the offing. The stocks below are stuck in nasty downtrends. And that matters greatly because trend direction is the most important of all technical signals. It sits atop the hierarchy of charting, demanding deference from all who employ technical analysis. In short, you\u2019re far better off betting with the trend than against it. 7 Undervalued Stocks to Buy Before Wall Street Catches On That said, here are three struggling stocks that are poised for lower prices. PayPal (NASDAQ:PYPL) Snapchat (NYSE:SNAP) Adobe (NASDAQ:ADBE) Let\u2019s review each chart in greater detail and map out a smart options trade you can use to bank on further weakness. Downtrodden Stocks to Sell: PayPal (PYPL) Source: The thinkorswim\u00ae platform from TD Ameritrade Distance from Peak: -43% PayPal could still fall a great distance despite getting cut nearly in half. Going into the 2020 pandemic, PYPL was sitting at $125, another $50 lower from here. Over the past six weeks, the daily downtrend has slowed and formed a sideways trading range. But instead of powering to the top side and building a compelling bullish breakout, it\u2019s knocking heavily on the lower-end. The $177 support shelf has held long enough to where its failure would prove a significant breakdown. If previous support breaks are any indication, we could see a swift move down to $160 if sellers press their bets. Given the higher volatility of the stock, I suggest using a spread trade over buying puts outright. The Trade: Buy the Feb $175/$160 put vertical for $4.75. You\u2019re risking $4.75 to make $10.25 if PYPL stock falls to $160 by expiration. Snap (SNAP) Source: The thinkorswim\u00ae platform from TD Ameritrade Distance from Peak: -56% Snap\u2019s unraveling following last quarter\u2019s earnings report has been deathly. For a single announcement to cause the stock to drop over 50% within a single quarter is horrific and speaks to just how much the Street hated the numbers. Prices are now submerged deep beneath all major moving averages. Once again, it\u2019s tempting to argue SNAP stock is down so much that it can\u2019t go lower. But like PayPal, it was way, way lower before the pandemic. Shareholders are hoping the quarterly report on Feb. 3 saves them. For now, I think the downtrend continues. Prices are down big over the past three days, so if you want to wait for

Determine the maximum fraction of total portfolio capital that should be allocated to IWM, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0355 (i.e., a 3.55% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0355 = 2.8148, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLI: 60-day history, VaR(99%)=-0.0229, max drawdown threshold=10%.

Question:
Asset: XLI
Daily returns (past 60 days): mean=0.0016, std=0.0110, worst_day=-0.0245
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2021-03-15] Cloud Computing's Trillion-Dollar Potential Cloud computing companies not only weathered the storm of the pandemic, they thrived. But even with those gains, the industry is still just scratching the surface of its potential. A new report from McKinsey Digital, which looks at cost-optimization and business use-cases, says there is $1 trillion in run-rate EBITDA up for grabs for Fortune 500 companies in 2030. And the companies that most aggressively pursue cloud opportunities could grab the lion’s share of that value. The sector has seen its value soar in the past eight years. Since 2013, cloud companies on the Nasdaq index have seen their value increase 261%, according to the Bessemer Venture Partners Emerging Cloud Index, a stock index designed to track the performance of emerging public companies primarily involved in providing cloud software to their customers. Those companies currently have a market capitalization of $2 trillion. Cloud growth rates and access to capital are at all-time highs, says Bessemer, with an average growth of 80% YoY, among companies it follows. Over the past year, the top five public cloud companies — Paypal, Adobe, Salesforce, Shopify and Zoom – saw a 70% increase in their total market cap. Collectively, the five are already worth more than $1 trillion. And the bullishness on the future financial potential of cloud computing is widespread. IDC, last fall, estimated worldwide spending on cloud services, and opportunities around those services, would top $1 trillion by 2024. "Cloud in all its permutations – hardware/software/services/as a service as well as public/private/hybrid/multi/edge – will play ever greater, and even dominant, roles across the IT industry for the foreseeable future," said Richard L. Villars, group vice president of worldwide research at IDC. "By the end of 2021, based on lessons learned in the pandemic, most enterprises will put a mechanism in place to accelerate their shift to cloud-centric digital infrastructure and application services twice as fast as before the pandemic." Cloud technology, for many people, brings to mind things like smartphone or PC backup tools, online services or streaming media – the most frequently touted use-cases. But it has some much more direct real-world uses – perhaps most importantly, its recent contributions to COVID-19 vaccines. Moderna built its mRNA research platform on Amazon’s cloud service to accelerate discovery and development – and when COVID hit, this helped the company deliver its first clinical batch of a vaccine candidate within 42 days of the sequencing of the virus. Scientists were able to integrate insights for a number of experiments, which were all running in parallel, to refine and streamline the production cycle. And the cloud is also playing a key role in the company’s research into treatments for rare diseases and cancer. The company has over one dozen drug candidates in the pipeline, with seven going through trial studies. “For CEOs, cloud

Determine the maximum fraction of total portfolio capital that should be allocated to XLI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0229 (i.e., a 2.29% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0229 = 4.3660, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


^VIX: 60-day history, VaR(99%)=-0.1172, max drawdown threshold=10%.

Question:
Asset: ^VIX
Daily returns (past 60 days): mean=-0.0001, std=0.0629, worst_day=-0.1202
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2019-12-02] ["What\u2019s worth streaming in December? \u2018The Mandalorian,\u2019 \u2018Mrs. Maisel,\u2019 \u2018The Witcher\u2019 and more With an avalanche of streaming options, here\u2019s how to get your money\u2019s worth without missing out on must-see shows Here\u2019s a look at what\u2019s coming to the various streaming services in December, and what\u2019s really worth the monthly subscription fee.", "Apple stock price target raised to $296 from $290 at J.P. Morgan", "Apple target price gets a boost at JPM on optimism for four new iPhone models J.P. Morgan analyst Samik Chatterjee grew increasingly optimistic Monday about Apple Inc.'s iPhone volumes for 2020 and 2021, boosting his target price to $296 from $290. He expects Apple to launch four new iPhones in September 2020, all of which will support 5G capabilities but only two of which will have \"world-facing\" 3D sensing. He also thinks Apple will take a new approach to device launches the following year. \"Starting 2021, we expect Apple to smooth iPhone seasonality by shortening launch intervals and introducing two new iPhones in both 1H21 and 2H21,\" he wrote. Chatterjee has an overweight rating on Apple's stock, which is up 0.1% in premarket trading Monday. The shares have risen 69% so far this year, as the Dow Jones Industrial Average has climbed 20%.", "Apple Could Introduce More iPhones \u2014 More Often \u2014 Because It Has to Compete With Android J.P. Morgan analyst Samik Chatterjee says his discussions with Apple suppliers indicate the company is likely to unveil phones in both the spring and the fall in 2021.", "Apple will make some big changes with the next iPhone, JPMorgan says Analyst expects Apple to introduce four new iPhone models in fall 2020 before shifting to a staggered launch cadence in 2021 Apple Inc. could start making some notable changes to how it introduces new iPhones, and that has J.P. Morgan analyst Samik Chatterjee feeling increasingly upbeat about the company\u2019s prospects.", "Democratic senators target Big Tech with privacy bill, but analyst say it\u2019s unlikely to become law The measure \u2018will likely throw yet another wrench in the yearlong effort to pass bipartisan data privacy legislation,\u2019 analysts say Four Democratic senators have rolled out a bill that aims to provide better protections of personal data in Washington\u2019s latest response to Facebook\u2019s Cambridge Analytica scandal and other Silicon Valley foul-ups.", "Netflix Stock Is Down Because Streaming Competition Is Up Netflix stock is down because the streaming wars are heating up. KeyBanc analyst Andy Hargreaves sees things getting worse before they get better for the streaming giant.", "A Bounty of Dividends Exxon Mobil, AT&T, Apple, and Microsoft are among the companies that paid out the most in dividends in terms of total dollars paid. Their yield and growth rates, however, say different things.", "The Dow Lost 268 Points Because Manufacturing Data Blew a Hole in Cyber Monday

Determine the maximum fraction of total portfolio capital that should be allocated to ^VIX, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.8530

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1172 (i.e., a 11.72% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1172 = 0.8530, capped at 1.0.
Maximum position size = 0.8530 (85.3% of portfolio).


DOT-USD: 46-day history, VaR(99%)=-0.1651, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 46 days): mean=0.0072, std=0.0872, worst_day=-0.1989
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.6058

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1651 (i.e., a 16.51% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1651 = 0.6058, capped at 1.0.
Maximum position size = 0.6058 (60.6% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.0917, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=0.0034, std=0.0489, worst_day=-0.0959
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to MATIC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0917 (i.e., a 9.17% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0917 = 1.0908, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


FXI: 60-day history, VaR(99%)=-0.0341, max drawdown threshold=10%.

Question:
Asset: FXI
Daily returns (past 60 days): mean=0.0010, std=0.0144, worst_day=-0.0438
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2016-07-18] ["Corporate profits brace for fourth straight losing quarter Investors will look for signs that economy not in negative territory With more than 90 of the biggest U.S. companies reporting results this week, investors will get a clearer picture of what is expected to be the fourth straight quarter of declining profits for the group.", "Not Down Is the New Up in Chip Earnings Calendar Q2 and Q3 will both be mostly in line, despite Q3 estimates that already reflect above-seasonal growth.", "SoftBank to buy chip designer ARM in $32 billion deal Japan\u2019s SoftBank bolsters its mobile internet effort Japan\u2019s SoftBank Group has reached a deal to buy Apple supplier ARM Holdings in an all-cash deal valued at more than $32 billion, according to a person familiar with the situation", "SoftBank to buy ARM Holdings for more than $32B HONG KONG--U.K.-based chip designer ARM Holdings PLC confirmed Monday that it agreed to a buyout offer worth more than $32 billion from SoftBank Group Corp., marking a significant push for the Japanese telecommunications giant into the mobile internet.", "ARM: What you should know about the chip maker being purchased by SoftBank ARM is a British chip maker that has benefited from the rise of mobile ARM is a British chip maker that probably designed the chip in your smartphone.", "Canaccord Ups Intel Target Ahead of Q2 Earnings Intel (INTC) reports second-quarter earnings on Wednesday, and Canaccord thinks investors should be buying before the results.Analyst Matthew Ramsey and his team reiterated a Buy rating on the stock and upped their price target from $38 to $40. Ramsey admits that the report comes a mixed macro environment but is encouraged by better-than-feared second-quarter PC shipments. Other tailwinds will include the expiration of the downloadable Windows 10 upgrade program, and sales of a number of new products that should growth back toward the firm\u2019s mid-tee target. With Intel\u2019s first Apple (AAPL) iPhone modem sales, and significant cost cuts, he sees its mobile business losses coming down dramatically. Ramsey also likes the company\u2019s yield and valuation, making it a \u201ccompelling\u201d core holding.", "European shares gain ground, but Turkish stocks fall after coup attempt Apple supplier ARM rises on buyout deal European stocks are higher Monday, led by a rally in shares of ARM Holdings, but Turkish shares are lower in the wake of a failed coup attempt.", "FTSE 100 climbs to 2016 high on ARM deal news Apple-supplier ARM shares surge by a record 41% after SoftBank buyout U.K. stocks are rising Monday, led by a spike in ARM shares after the chip designer agreed to be purchased for more than $32 billion.", "S&P 500, Dow close at all-time highs driven by tech, bank gains Nasdaq closes at new high for 2016 U.S. stocks trade within a narrow range Monday, finishing higher to give both the Dow Jones Industrial Average and the S&P 500 index fresh all-time closing highs and the Nasdaq Composite Inde

Determine the maximum fraction of total portfolio capital that should be allocated to FXI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0341 (i.e., a 3.41% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0341 = 2.9345, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLV: 60-day history, VaR(99%)=-0.0233, max drawdown threshold=10%.

Question:
Asset: XLV
Daily returns (past 60 days): mean=-0.0006, std=0.0089, worst_day=-0.0254
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-01-03] ["Seven highly valued tech startups that could IPO in 2017 Unicorns like Snap and Spotify are expected to reach Wall Street in 2017, but what about Uber, Lyft, Airbnb, Dropbox and Palantir? After a dismal year for IPOs, investors expects to see more billion dollar startups test the public market or at least make moves in that direction.", "Go after these long-term stock plays in 2017 \u2014 don\u2019t chase what already happened Critical information for the U.S. trading day The new year has kicked off with what looks like a bright start for stocks, but investors should check their desire to chase the market at the door. Our call of the day offers these ideas for investing in some themes that will deliver.", "Intel seeks German digital-map venture stake BERLIN-- Intel Corp. is positioning itself to join BMW AG, Daimler AG and Volkswagen AG's Audi unit in developing navigation technology for self-driving cars. The U.S. tech bellwether filed a request for regulatory approval in Germany to make a strategic acquisition of a minority stake in the digital-mapping service Here International B.V., the Berlin-based company that Germany's big-three car makers bought from Nokia in 2015 for about EUR2.5 billion ($2.6 billion).", "CES 2017: Can Virtual Reality Finally Go Mainstream? For VR, 2016 was supposed to be the year when everything came together. But VR headsets remain bulky, expensive, and nausea inducing. What to expect in 2017.", "Virtual Reality Fertile Ground for Loup Ventures Despite Failures Thus Far A couple weeks ago I spoke by phone with former analyst , who left the firm after many years being a star analyst on (AAPL) to become a venture capitalist, along with colleagues and .Their firm, , will invest in four areas, , , , and , which they sees as among the most promising tech trends of the next several years. They want to combin investment with dissemination of research notes like they have done as sell-side analysts.More info is available on their Web site.I was interested to talk with the trio because my own experience with virtual reality, related in this space, is that it's at best immature as a consumer product, and at worst, it just plain sucks.", "As India Investment Slumps, Will GDP Follow? Announcements about new investments in India declined in the quarter ending December 30, continuing a stubborn quarterly trend.Add demonetization to the mix, and one has to ask if expectations for India's economy are too elevated. Read More>>", "Intel buys 15% stake in German digital-map co. Intel Corp. is acquiring a 15% stake in Here International B.V. for an undisclosed sum, joining the digital mapmaker's core shareholders BMW AG, Daimler AG and Volkswagen AG's Audi unit in developing navigation technology for self-driving cars.", "Apple\u2019s Key Risk: Nokia Litigation The beginning of the year will likely be quiet in terms of legal outcomes, but the second half could bring volatility.", "Meet the world\u2019s friendliest home robot Kuri, deve

Determine the maximum fraction of total portfolio capital that should be allocated to XLV, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0233 (i.e., a 2.33% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0233 = 4.2874, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


IVV: 60-day history, VaR(99%)=-0.0050, max drawdown threshold=10%.

Question:
Asset: IVV
Daily returns (past 60 days): mean=0.0010, std=0.0034, worst_day=-0.0054
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-12-14] ["Net neutrality repeal gets the internet all wrong, founders claim Signatories calling for FCC to wait on open-internet repeal included Vint Cerf and Tim Berners-Lee, considered founding figures behind the internet, and Apple\u2019s Steve Wozniak.", "Criteo stock plunges on lowered outlook following Apple's iOS update Shares of ad-retargeting firm Criteo S.A. fell 12% in premarket trading Thursday after the company dramatically lowered its 2018 revenue forecast due to changes Apple Inc. made to its mobile operating system. Apple's new iOS 11.2 software \"disables the solution that some companies in the advertising ecosystem, including Criteo, currently use to reach Safari users,\" according to a release from Criteo. The company projects this change to reduce 2018 revenue by 22%, excluding traffic acquisition costs, if the firm can't effectively work within the new iOS landscape. Management had previously projected a 9% to 13% \"net negative impact.\" Criteo said that it had a new solution \"under development\" but also that \"its effectiveness cannot be assessed at this early stage.\" Criteo shares are down 23% this year, while Apple's stock is up 49%. The S&P 500 Index has gained 19%.", "Apple introduces Final Cut Pro update with support for 360-degree VR editing Shares of Apple Inc. are up 0.1% in premarket trading Thursday after the company announced an update for its Final Cut Pro X video-editing software. The new version supports \"360-degree VR video editing\" and high-dynamic range (HDR) video. It also has new advanced color grading tools. Apple announced earlier this week that its iMac Pro, which starts at $4,999 and is aimed at professional editors, would go on sale Thursday. Apple shares have gained 49% so far in 2017, compared with a 24% rise for the Dow Jones Industrial Average .", "Facebook\u2019s Irish goodbye to overseas tax shelter stands out Alphabet, Twitter among companies that still have subsidiaries in Ireland for tax purposes Facebook Inc. said this week that it plans to book more of its revenue in the countries where it sells the ads that contribute, instead of funneling revenue through a subsidiary based in Ireland to avoid taxes.", "Disney & Fox: So the Rumors Were True\u2026 Walt Disney is buying 21st Century Fox for $66.1 billion including debt. One team of analysts pans the deal.", "Silicon Slam Dunk? Golden State Warriors Bet on Tech Start-Ups Off the court, teammates Curry, Young, and others are becoming VCs.", "Clippy Is Not a Robot \u2013 Yet Joining other tech giants, Microsoft turns to AI with enhancements to the Bing search engine.", "Square Stock Could Double The payments firm can grow big by going small. SMB Clients will drive gross payment volume 25%.", "Amazon again selling Apple TV and Google Chromecast Amazon.com Inc. said Thursday that it is again selling streaming devices made by Apple Inc. and Alphabet Inc. . Amazon stock is up nearly 1% to $1,173.68 in afternoon trading. Amazon ceased selling the devi

Determine the maximum fraction of total portfolio capital that should be allocated to IVV, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0050 (i.e., a 0.50% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0050 = 20.0467, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


SCHP: 60-day history, VaR(99%)=-0.0039, max drawdown threshold=10%.

Question:
Asset: SCHP
Daily returns (past 60 days): mean=0.0007, std=0.0021, worst_day=-0.0046
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to SCHP, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0039 (i.e., a 0.39% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0039 = 25.9272, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.1567, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=-0.0004, std=0.0653, worst_day=-0.1762
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2021-10-12]

Determine the maximum fraction of total portfolio capital that should be allocated to MATIC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.6382

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1567 (i.e., a 15.67% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1567 = 0.6382, capped at 1.0.
Maximum position size = 0.6382 (63.8% of portfolio).


DOT-USD: 60-day history, VaR(99%)=-0.1779, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=0.0122, std=0.0757, worst_day=-0.1890
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2021-10-15]

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.5623

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1779 (i.e., a 17.79% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1779 = 0.5623, capped at 1.0.
Maximum position size = 0.5623 (56.2% of portfolio).


WEAT: 60-day history, VaR(99%)=-0.0265, max drawdown threshold=10%.

Question:
Asset: WEAT
Daily returns (past 60 days): mean=-0.0013, std=0.0118, worst_day=-0.0346
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to WEAT, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0265 (i.e., a 2.65% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0265 = 3.7795, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VLUE: 60-day history, VaR(99%)=-0.0356, max drawdown threshold=10%.

Question:
Asset: VLUE
Daily returns (past 60 days): mean=-0.0033, std=0.0146, worst_day=-0.0356
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2019-01-03] ["Apple cuts holiday sales forecast on iPhone and China weakness, stock falls 8% CEO Tim Cook cites weaker-than-expected iPhone sales, China economy in reducing revenue forecast Apple Inc. lowered its holiday-quarter revenue forecast Wednesday afternoon, largely due to slowing iPhone sales and pressure in China.", "Asian markets mostly down as Apple\u2019s warning weighs on tech stocks Apple suppliers hit hard after tech giant cuts sales forecast Asian markets were mostly lower Thursday after tumbling more than 1% on the first trading day of 2019.", "Apple's stock tumbles 8.9% premarket after revenue warning late Monday", "Apple's stock on track to open at lowest level since July 2017", "Apple stock price target cut to $200 from $275 at Wedbush", "Apple stock price target cut to $187 from $222 at Piper Jaffray", "Dow Set to Tumble as Apple Wrecks Any Chance for a Rally After battling back into positive territory on Wednesday, it would have been nice to see the market gain even more on Thursday. Apple\u2019s drop virtually guarantees that won\u2019t happen.", "Copper falls as data signals China slowdown LONDON--Copper prices were under pressure Thursday, after a surprise cut to Apple's sales forecast in China pointed to slowing growth in the country just a day after a measure of Chinese manufacturing activity fell into contraction territory.", "Apple stock price target cut to $228 from $266 at J.P. Morgan", "Apple's stock plunge cuts about 90 points off Dow's price The plunge in Apple Inc.'s stock in Thursday's premarket, following the technology giant's revenue warning, is the biggest reason for the selloff in Dow Jones Industrial Average futures , but it's not the only reason. Apple shares shed 8.5% ahead of the open, putting them on track to open at the lowest level seen during regular-session hours since July 2017. The price decline would shave about 91 points off the Dow's price , while Dow futures 332 dropped points. All 27 of the Dow components trading in the premarket are losing ground.", "Apple stock price target cut to $200 from $300 at Monness Crespi Hardt", "Apple average analyst stock price target drops to $198.18 from $215.91 on Monday--FactSet", "Lumentum's stock tumbles 7.3% premarket in wake of Apple's revenue warning", "Apple downgraded to hold from buy at Jefferies", "Apple stock price target cut to $160 from $225 at Jefferies", "Apple Supplier Stocks Saw Problems Coming Even if the Market Didn\u2019t Shares in Apple suppliers have been taking it on the chin since reports surfaced that the tech giant was slashing orders for iPhone components.", "Apple's average stock price target slashed to 9-month low Apple Inc.'s revenue warning has prompted a host of Wall Street analysts to slash their stock price targets, bringing the average target down to the lowest level since April 2018. The smartphone maker's stock tumbled 8.2% in premarket trade, putting it on track to open at the lowest level seen during regular-session hours since Ju

Determine the maximum fraction of total portfolio capital that should be allocated to VLUE, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0356 (i.e., a 3.56% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0356 = 2.8129, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLK: 60-day history, VaR(99%)=-0.0427, max drawdown threshold=10%.

Question:
Asset: XLK
Daily returns (past 60 days): mean=-0.0025, std=0.0180, worst_day=-0.0427
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-10-27] ["Apple (AAPL) Q4 2022 Earnings Call Transcript Image source: The Motley Fool. Apple (NASDAQ: AAPL) Q4 2022 Earnings Call Oct 27, 2022, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Apple Q4 fiscal year 2022earnings conference call For your information, today's call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to Tejas Gala, director of investor relations and corporate finance. Please go ahead. Tejas Gala -- Director of Investor Relations and Corporate Finance Speaking first today is Apple's CEO, Tim Cook; and he'll be followed by CFO, Luca Maestri. After that, we'll open the call to questions from analysts. Before turning the call over to Tim, I would like to remind you that approximately once every six years, we add a week to the December quarter to realign our fiscal periods with the December calendar. So this December quarter will span 14 weeks rather than the usual 13 and will end on December 31. Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expense, other income and expense, taxes, capital allocation, and future business outlook, including the potential impact of COVID-19 on the company's business and results of operations. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in Apple's most recently filed annual report on Form 10-K and the Form 8-K filed with the SEC today, along with the associated press release. Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 30, 2022 I'd now like to turn the call over to Tim for introductory remarks. Tim Cook -- Chief Executive Officer Thank you, Tejas. Good afternoon, everyone, and thank you for joining the call today. Over the past year, despite a range of challenges facing the world, our teams have come together in incredible ways to drive unparalleled innovation and deliver again and again for our customers.For the September quarter, we reported record revenue of $90.1 billion, which was better than we anticipated despite stronger-than-expected foreign currency headwinds. We set an all-time revenue record for Mac and S

Determine the maximum fraction of total portfolio capital that should be allocated to XLK, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0427 (i.e., a 4.27% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0427 = 2.3410, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


LINK-USD: 60-day history, VaR(99%)=-0.0928, max drawdown threshold=10%.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=-0.0057, std=0.0370, worst_day=-0.1137
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to LINK-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0928 (i.e., a 9.28% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0928 = 1.0776, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.0468, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=0.0028, std=0.0251, worst_day=-0.0629
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to XRP-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0468 (i.e., a 4.68% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0468 = 2.1377, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BTC-USD: 60-day history, VaR(99%)=-0.1328, max drawdown threshold=10%.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=-0.0066, std=0.0536, worst_day=-0.1328
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to BTC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.7528

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1328 (i.e., a 13.28% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1328 = 0.7528, capped at 1.0.
Maximum position size = 0.7528 (75.3% of portfolio).


XLY: 60-day history, VaR(99%)=-0.0351, max drawdown threshold=10%.

Question:
Asset: XLY
Daily returns (past 60 days): mean=-0.0004, std=0.0136, worst_day=-0.0388
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2015-10-07] ["Fast Money Picks For October 7", "Susquehanna Maintains Positive on Adobe Systems, Raises PT to $97.00", "Benzinga's Top #PreMarket Losers", "Adobe's Opportunity Is $48 Billion, But Expenditures Might Limit Investors", "Morning Market Losers", "Morning Market Losers", "Adobe's Opportunity Is $48 Billion, But Expenditures Might Limit Investors", "Benzinga's Top #PreMarket Losers", "Susquehanna Maintains Positive on Adobe Systems, Raises PT to $97.00", "Fast Money Picks For October 7", "Notable ETF Outflow Detected - QQQ, ADBE, BIDU, CTSH Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the PowerShares QQQ (Symbol: QQQ) where we have detected an approximate $199.4 million dollar outflow -- that's a 0.5% decrease week over week (from 361,550,000 to 359,650,000). Among the largest underlying components of QQQ, in trading today Adobe Systems, Inc. (Symbol: ADBE) is off about 5.7%, Baidu, Inc. (Symbol: BIDU) is down about 2.2%, and Cognizant Technology Solutions Corp. (Symbol: CTSH) is higher by about 1.4%. For a complete list of holdings, visit the QQQ Holdings page \u00bb The chart below shows the one year price performance of QQQ, versus its 200 day moving average: Looking at the chart above, QQQ's low point in its 52 week range is $84.74 per share, with $114.39 as the 52 week high point - that compares with a last trade of $105.55. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average \u00bb . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Nasdaq 100 Movers: ADBE, WYNN In early trading on Wednesday, shares of Wynn Resorts ( WYNN ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.5%. Year to date, Wynn Resorts has lost about 51.4% of its value. And the worst performing Nasdaq 100 component thus far on the day is Adobe Systems ( ADBE ), trad

Determine the maximum fraction of total portfolio capital that should be allocated to XLY, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0351 (i.e., a 3.51% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0351 = 2.8476, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VEA: 60-day history, VaR(99%)=-0.0065, max drawdown threshold=10%.

Question:
Asset: VEA
Daily returns (past 60 days): mean=0.0008, std=0.0039, worst_day=-0.0068
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-11-30] ["High-flying tech stocks fall back toward earth, chip makers suffer worst day of year Tech stocks lead S&P 500 to a loss despite gains for nine of 11 sectors Tech stocks, admittedly the best performers of the year, took a big step back Wednesday to close sharply lower, led by a selloff of chip makers.", "Apple's stock gains as analyst sees 'super-long cycle' of iPhone X upgrades Apple Inc. shares rose 0.5% in premarket trading Thursday, after an analyst suggested that the latest iPhone technology will drive a multi-year wave of device upgrades. Piper Jaffray analyst Michael Olson wrote Thursday that Apple could come out with slightly enhanced version of the iPhone X next fall, including a larger-screen option, and cut the price of the original model that was released in early November. The combination of these factors could drive a \"super-long cycle\" of upgrades, beyond the single-year \"super-cycle\" investors were hoping for. \"We believe an elongated iPhone cycle in FY18, followed by a wider array of iPhone X 'offspring' in Fall 2018, along with growing awareness and interest in augmented reality (fueled by developers populating the App Store with new use cases and, longer-term, addition of rear facing 3D sensor), will all push out the need for Apple to answer the question of 'what's next?'\" Olson wrote. With overall global smartphone sales expanding slowly, Apple has been under some pressure to find new avenues for growth. Apple's stock is up 46% so far in 2017, compared with a 21% rise for the Dow Jones Industrial Average .", "Apple\u2019s Delayed \u2018Super-Long Cycle\u2019 Will Be All the Better, Says Piper Apple's \"super cycle,\" the focus of investors for most of this year, hasn't quite lived up to the hype, thanks to delays in the iPhone X. But that's going to lead to a \"super-long cycle\" in subsequent years, according to Piper Jaffray's Michael Olson, who advises clients to stick with the stock as Apple's OLED-based iPhones lead to rising prices.", "Fitbit, Xiaomi knock Apple down to 3rd in wearables shipments Fitbit Inc. and China-based Xiaomi Inc. led the pack in terms of wearables shipments for the latest quarter, according to research firm IDC, knocking Apple Inc. down to third place from second. Both Fitbit and Xiaomi shipped 3.6 million devices in the quarter, IDC said, while overall shipments rose 7.3%, to 26.3 million units. Fitbit released its first full-fledged smartwatch, the Ionic, earlier this fall, and hopes the device will reinvigorate its fortunes as consumers gravitate away from simple fitness tracking bands. Fitbit's shares have lost two thirds of their value since the company's 2015 IPO, and its shipments for the third quarter declined 33% relative to a year earlier, according to IDC. The firm wrote that Apple's shipments of 2.7 million devices reflect the fact that the company launched its new cellular-enabled Apple Watch 3 late in the quarter. \"The introduction of a cellular-connected version should spur i

Determine the maximum fraction of total portfolio capital that should be allocated to VEA, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0065 (i.e., a 0.65% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0065 = 15.4266, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLB: 60-day history, VaR(99%)=-0.0133, max drawdown threshold=10%.

Question:
Asset: XLB
Daily returns (past 60 days): mean=0.0006, std=0.0071, worst_day=-0.0169
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-04-05] ["ADP Posts Another Blowout Jobs Number to 263K Wednesday, April 5, 2017 For the second straight month, Automated Data Processing ADP private-sector jobs numbers blew the doors off expectations. A total of 263K new jobs were created for the month of March, a gain of 18,000 jobs from last month's (revised lower) ADP figure of 245K. And, for the second month in a row, Construction and Manufacturing jobs outperformed expectations, helping overall totals in the non-government labor market. The top industries in new job growth were Professional/Business Services (57K) and Leisure/Hospitality (55K), which is not surprising. But the 49K new jobs in Construction and the 30K in Manufacturing are far stronger than the historical average during this entire resurgence in U.S. jobs, which has been going on for the past 7-8 years. Confidence not only with the consumer (which we've seen in other recent econ data) but with the goods-producing sectors has led the way, at least partially due to expectations from the Trump administration's goals to bring back jobs in these categories. Small-sized companies (fewer than 50 employees) grew the most last month at 118K, Medium companies (50-499 employees) grew by 100K and Large firms added 45K jobs. Services still far outweighed Goods, 181K to 82K respectively, but to reiterate - goods-producing is much higher than it's been in the recent past, and for the second straight month. Projections for Friday's comprehensive non-farm payroll report from the Bureau of Labor Statistics (BLS) remain at 175K following today's ADP report, though last month we saw analysts ratchet up their estimates in the wake of the strong ADP numbers. Historically, ADP and BLS jobs figures do tend to align (considering they track differently; ADP does not include government jobs, for instance), but usually only after a month or two of revisions from initial figures. In any case, this has been one of the strongest three-month averages we have seen in a long time regarding jobs growth. This points to what several economists had predicted going back to last year, which is employment traction finally taking hold after a stubborn low-growth market in labor and elsewhere. Pre-markets jumped higher on the ADP data, though the 2-year and 10-year T-notes remain rangebound at this hour. Equities remain the place to be invested. Mark Vickery Senior Editor Questions or comments about this article and/or its author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR-DJ IND AVG (DIA): ETF Research Reports NASDAQ-100 SHRS (QQQ): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views

Determine the maximum fraction of total portfolio capital that should be allocated to XLB, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0133 (i.e., a 1.33% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0133 = 7.5411, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLV: 60-day history, VaR(99%)=-0.0264, max drawdown threshold=10%.

Question:
Asset: XLV
Daily returns (past 60 days): mean=-0.0002, std=0.0115, worst_day=-0.0294
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2019-03-13] ["How your internet surfing could make you money in the coming blockchain revolution Decentralized internet will give people online privacy and data ownership A decentralized internet will give people online privacy and data ownership, writes Michael Edesess.", "Spotify shares aren't trading in the premarket", "Apple's stock adds 0.3% before the opening bell", "Spotify files antitrust complaint against Apple in European Union: reports", "Spotify files EU antitrust complaint over Apple\u2019s App store Complaint alleges Apple abused its control over which apps appear in its App Store Music-streaming service Spotify Technology SA has filed an antitrust complaint in Europe against Apple Inc., a new salvo in the broader battle over how and whether to rein in alleged wrongdoing by tech giants.", "Spotify Is Hitting Apple With an Antitrust Complaint Over the \u2018Unfair Advantage\u2019 of the App Store Spotify CEO Daniel Elk said the App Store gives Apple\u2019s own applications and services \u201can unfair advantage at every turn.\u201d", "Apple\u2019s China Problems May Be Getting Even Worse Analysts expect Apple to report earnings of $2.38 per share on revenue of $57.54 billion, indicating declines of 13% and 5.9%, respectively, from the year-ago period.", "Charting a headline breakout attempt, S&P 500 challenges major resistance (2,817) Focus: Apple confirms its uptrend, Real estate sector tags 11-year highs, Utilities finally knife to record territory, AAPL, IYR, XLU, PANW, DDS, NRG U.S. stocks are firmly higher early Wednesday, rising amid distinctly bullish price action ahead of a key Brexit vote. Against this backdrop, the S&P 500 and Nasdaq Composite are challenging their five-month range top \u2014 S&P 2,817 and Nasdaq 7,670 \u2014 areas defining the immediate bull-bear tension. An eventual breakout opens the path to less-charted territory, and potentially material follow-through.", "Should stock-market investors watch out for a volatility pickup? \u2018The cost of being wrong using options has seldom been lower,\u2019 says BTIG\u2019s Emanuel A 2019 stock-market rally comes alongside a fall in volatility. One analyst says investors can\u2019t go wrong buying protection against a potential pickup.", "Podcast: Microsoft\u2019s Surprising Comeback This week on The Readback, Alex Eule is joined by associate editor Jack Hough to talk about the surprising comeback of Microsoft.", "Apple, Amazon, Google, Facebook cast in Europe as harmful monopolies Spotify claims antitrust against Apple as U.K. report recommends new rules, oversight of big tech firms Facebook, Google, Amazon and Apple are once again being cast as monopolies that have become too powerful for society\u2019s good, a recurring theme that\u2019s increasing the pressure to rein them in.", "Apple Courts HBO and Showtime for Service to Challenge Netflix The company will host A-list celebrities and media executives on March 25 to outline how it will take on competitors like Amazon.com Inc

Determine the maximum fraction of total portfolio capital that should be allocated to XLV, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0264 (i.e., a 2.64% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0264 = 3.7926, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLU: 60-day history, VaR(99%)=-0.0206, max drawdown threshold=10%.

Question:
Asset: XLU
Daily returns (past 60 days): mean=-0.0000, std=0.0101, worst_day=-0.0256
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-03-14] ["Foxconn closes Shenzhen factories after fresh COVID outbreak Foxconn and Unimicron have announced temporary shutdowns to deal with an outbreak in Shenzhen.", "Apple iPhone SE is a more than $20 billion opportunity: analyst Apple could have a financial winners on its hands with the cheaper iphone SE.", "The Morning After: Intel\u2019s latest NUC mini-desktop is pretty powerful Today\u2019s tech headlines: Apple stops selling LG's $1,299 UltraFine 5K Display, Samsung's next Galaxy phone event is on March 17th, Classic RPG Chrono Trigger just got an update for ultrawide PC screens.", "The new iPhone SE is a great iPhone at a reasonable price Apple launches its iPhone SE this Friday. After using the device, it's clear owners will get the essential iPhone experience for a better price.", "iPhone SE review (2022): A small throwback of a phone If you want a simple iPhone that runs like new, and don\u2019t mind the dated design and single rear camera, the iPhone SE might fit the bill.", "The iPhone SE is the platonic ideal of a smartphone Since its re-launch in 2020, the entry model iPhone has transformed from a nod to relic-era sizing into a prime example of a \u2018just what it needs to be and nothing more\u2019 smartphone. The 2022 model runs on the A15 Bionic chip, which also powers its top of the line iPhone 13 Pro. This is not a parts bin iPhone from a core computing perspective.", "Apple's 16-inch MacBook Pro is $200 less than usual on Amazon Amazon knocks $200 off Apple's 16-inch MacBook Pro laptop, bringing it down to $2,299.", "How to clean your AirPods Here is everything you need to know about how to clean your AirPods, and any other true wireless earbuds you have.", "Apple's AirPods Max are back on sale for $449 Amazon knocks up to $100 off Apple's AirPods Max, bringing them down to $449.", "Ad Age Names TBWA Its 2022 Network of the Year TBWA\\Worldwide was today named 2022 Network of the Year by Ad Age, a global media brand that publishes news, analysis, and data on marketing and media.", "Apple releases iOS 15.4 with mask-friendly Face ID unlock Apple has begun rolling out iOS 15.4.", "macOS 12.3 arrives with Universal Control and spatial audio features Dozens more emoji, including a melting face and disco ball, are now available.", "Apple iOS 15.4 update: iPhone users can now unlock their phones with Face ID and masks Apple rolled out iOS 15.4 Monday for the iPhone which supports an updated Face ID feature that allows owners to unlock phones while wearing a mask.", "Apple's privacy chief regretted creating its infamous ad-tracking tool after developers started using it in ways the tech giant didn't intend, report says Erik Neuenschwander told colleagues he regretted building Apple's IDFA, which allows third parties to track user activity, per The Information.", "Europe Data Center Market Report 2022: Google, Facebook, Microsoft, Oracle, Amazon Web Services, and Apple are the Major Hyperscale Companies The \"Europe Data Center Market - In

Determine the maximum fraction of total portfolio capital that should be allocated to XLU, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0206 (i.e., a 2.06% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0206 = 4.8571, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.1514, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=-0.0037, std=0.0686, worst_day=-0.1575
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to ETH-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.6607

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1514 (i.e., a 15.14% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1514 = 0.6607, capped at 1.0.
Maximum position size = 0.6607 (66.1% of portfolio).


EFA: 60-day history, VaR(99%)=-0.0179, max drawdown threshold=10%.

Question:
Asset: EFA
Daily returns (past 60 days): mean=0.0014, std=0.0110, worst_day=-0.0199
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2016-05-04] ["Fitbit wins ruling in Jawbone patent dispute Patents invalidated, but trade-secret claims may continue A fight between two of the largest makers of fitness trackers just got smaller.", "Apple shares gain 0.7% to $95.85 to lead Dow gainers in early trade", "A.M. Funds Roundup: The ETF World\u2019s Apple Conundrum", "Apple hires Google X\u2019s co-founder for its health projects Apple hires Yoky Matsuoka, formally of Nest Labs and Quanttus Apple has hired Yoky Matsuoka, a Google X founder, who will report directly to COO Jeff Williams", "Fitbit Sold 21 Million Activity Trackers Last Year and No One Seems to Care; Plus, a Month with the Blaze Smartwatch", "European stocks end lower for 4th session in a row Eurozone PMI confirms flash reading European stock markets finished sharply lower on Wednesday, as investors assessed a mixed bag of corporate news, with shares in Dialog Semiconductor PLC and London Stock Exchange Group PLC dropping.", "Welcome to your Smart Future Investors need to open their minds to the possibilities of what future tech will bring, and along with it, great investment opportunities.", "Apple: Survey Says iPhone Demand to Recover, But Huawei, Oppo More \u2018Aspirational,\u2019 Says UBS UBS\u2019s Steve Milunovich today offers up evidence from the firm\u2019s \u201cEvidence Lab\u201d that there\u2019s hope for a rise in Apple\u2019s (AAPL) iPhone sales when it produces the next model of the device, presumably an \u201ciPhone 7.\"Milunovich, who has a Buy rating on the shares, and a $120 price target, writes that his survey of 6,336 smartphone users in the U.S., U.K., Japan, Germany, and Mainland China, conducted online in March, found some improvement in sentiment for Apple\u2019s wares.Milunovich\u2019s report is actually contained in two notes.In the Apple-specific note, he writes of an improvement in the upgrade \u201ccycle\" for the iPhone versus what many see as a lengthening of the time between when people buy a new iPhone, writing \u201cin our fall survey we should have taken more seriously the two negatives: demand for the 6s was weaker than for the 6 and upgrade cycles slightly lengthened.\"The latest data \"finds a reversal,\u201d he writes. \"interest in the iPhone 7 is better than for the 6s though not as strong as for the 6 and upgrade cycles appear shorter in the US and China though not in other countries.\"In the companion report on the survey itself, the intent of consumers has actually improved from that survey back in the fall, at least in the U.S. and China:", "Fitbit\u2019s new products should propel the company through earnings Fitbit Blaze and Alta are big sellers Fitbit reports first-quarter earnings Wednesday, and analysts expect an easy beat.", "Apple CEO Cook: Bloomberg, Kass Explore the Credibility Gap (Update) A couple of individuals in the last 24 hours have offered some rebuttal to Apple (AAPL) CEO Tim Cook\u2019s upbeat appearance Monday evening with Jim Cramer of CNBC on his \u201cMad Money\u201

Determine the maximum fraction of total portfolio capital that should be allocated to EFA, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0179 (i.e., a 1.79% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0179 = 5.5775, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.1492, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=-0.0024, std=0.0488, worst_day=-0.1798
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-12-13]

Determine the maximum fraction of total portfolio capital that should be allocated to XRP-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.6701

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1492 (i.e., a 14.92% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1492 = 0.6701, capped at 1.0.
Maximum position size = 0.6701 (67.0% of portfolio).


XLI: 60-day history, VaR(99%)=-0.0147, max drawdown threshold=10%.

Question:
Asset: XLI
Daily returns (past 60 days): mean=0.0001, std=0.0057, worst_day=-0.0175
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-08-23] ["Apple\u2019s $1 billion TV move pits company against Spotify, not Netflix Apple\u2019s investment in producing and acquiring TV content should help it achieve plan to double its services business by 2020 Apple\u2019s $1 billion investment to buy and produce original TV programming pits the technology giant against Spotify, not Netflix Inc. and Amazon.com Inc., according to analysts at RBC Capital Markets \u2014 at least for now.", "Koch Stock Buys: Cisco, BlackBerry, Qualcomm A unit of Koch Industries also bought Alphabet shares, and initiated large positions in Vistra Energy and BKLN.", "Income Reading List: How Investors View Venezuelan, European Debt; Companies Paying Big Dividends A few headlines that might interest income investors.", "A Tech Crash Isn\u2019t Coming, But You Should Expect A Pullback There are a number of problems with comparing today to the dot com meltdown, but markets could still fall back a bit.", "Factors to Favor: What the Technicals Say Ned Davis Research Group says lower volatility and higher quality are factors exhibiting favorable technicals.", "Samsung Seeks to Redeem, Renew With \u2018Note 8\u2032 Ahead of Apple\u2019s iPhone Event Samsung's set to unveil its \"Note 8,\" a replacement of the infamous Note 7 that got banned on airplanes last year for exploding batteries.", "Apple phone sales appear to be steady ahead of September launch Sales of Apple's iPhones appear to have been \"resilient\" and sell through share appears steady last month, even as many consumers seem to be waiting for the new iPhone release in September, Canaccord Genuity analysts said Wednesday. They estimate that Apple Inc. brought in 64% of industry profits in July, helped by carrier promotions, but down from 84% in its March quarter. Apple's sales took a hit from Samsung's launch of the Galaxy S8 phone and steady results from Chinese phone companies. However, they see Apple's new cycle of iPhones in September bringing Apple to 46.5 million iPhone units sold and leading Apple to increase its market share in calendar year 2018. In addition to strong sales of Apple's iPhone 8, they expect strong sales of 7S Plus models. They maintained a buy rating and $180 price target. Shares of Apple have gained 6.4% in the past month, while the S&P 500 has lost 1%.", "Why Amazon Should Sweat Google\u2019s Wal-Mart Deal While Amazon is still well ahead of its rivals, Google is ramping up efforts to gain share in retail and voice-activated devices.", "Investors Favor Facebook, Amazon, Alphabet Recent feedback indicates that bullish viewers of Facebook expect over 35% year-over-year growth in ad revenue.", "Apple\u2019s Share of Smartphone Profits Dives The new iPhones are likely to reverse the trend, however, one analyst predicts.", "Samsung Redemption: \u2018Note 8\u2032 Its Most Elegant Device Yet Samsung Electronics unveils \"Note 8,\" a sleeker version of the phablet computer, which last year was a black mark for the company when the Note 7 model had i

Determine the maximum fraction of total portfolio capital that should be allocated to XLI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0147 (i.e., a 1.47% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0147 = 6.8054, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


HYG: 60-day history, VaR(99%)=-0.0050, max drawdown threshold=10%.

Question:
Asset: HYG
Daily returns (past 60 days): mean=0.0007, std=0.0020, worst_day=-0.0075
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to HYG, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0050 (i.e., a 0.50% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0050 = 20.1203, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).