FXI: 60-day history, VaR(99%)=-0.0438, max drawdown threshold=10%.

Question:
Asset: FXI
Daily returns (past 60 days): mean=0.0004, std=0.0246, worst_day=-0.0438
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-06-22] ["Market Sell-Off: 1 Tech Stock to Buy Hand Over Fist Right Now Shares of contract electronics manufacturer Jabil (NYSE: JBL) were clobbered following the release of the company's fiscal 2022 third-quarter earnings report on May 16. The stock fell 10% in a single session as investors were spooked about the possibility of a slowdown in the demand for its offerings. Jabil reported healthy growth despite the supply chain issues plaguing the semiconductor industry. But management's comments on the latest earnings call regarding a potential weakness in demand due to economic slowdowns led investors to press the panic button. However, a closer look at Jabil's latest results and guidance indicates that investors may be overreacting. Jabil crushed expectations and raised its guidance once again Jabil delivered fiscal Q3 revenue of $8.3 billion, an increase of 15% over the prior-year period. Its adjusted earnings increased 32% year over year to $1.72 per share last quarter. Wall Street was looking for $1.62 per share in earnings on $8.22 billion in revenue from Jabil, but strong growth in the company's electronics manufacturing services (EMS) segment helped it crush expectations. Jabil's EMS business produced 54% of its top line and posted 23% year-over-year growth, driven by fast-growing end markets such as industrial and semiconductor capital equipment, 5G wireless, cloud computing, digital printing, and retail. The diversified manufacturing services (DMS) segment registered a 7% year-over-year increase in revenue despite headwinds in certain areas. Jabil pointed out that the automotive, mobility, and healthcare packaging markets witnessed healthy demand. More importantly, Jabil CFO Mike Dastoor said on the earnings call: \"Across the majority of our end markets, demand has been extremely resilient and continues to outstrip supply across our business, particularly in end markets that continue to benefit from strong secular tailwinds, markets such as electric vehicles, personalized medicine and healthcare, clean and smart energy infrastructure, 5G infrastructure, cloud, and semi-cap.\" Dastoor adds that these markets account for a large chunk of Jabil's portfolio, and \"sustained growth in these markets will continue, even if overall global economic growth slows from the solid levels over the last few years.\" Jabil management's confidence in healthy end-market demand reflects in the company's guidance, which was upgraded once again. The company now expects $32.8 billion in revenue this year along with adjusted earnings of $7.45 per share. For comparison, Jabil had guided for $6.35 per share in earnings on $31.5 billion in revenue at the beginning of the fiscal year. The improved guidance isn't surprising as Jabil headed into its quarterly report with multiple growth drivers, including the sunny prospects of its largest customer Apple (NASDAQ: AAPL). Jabil's current annual guidance points toward a 12% year-over-year increase in revenue, while fiscal 2022

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 = 0.0438 (i.e., a 4.38% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0438 = 2.2811, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BIL: 60-day history, VaR(99%)=-0.0002, max drawdown threshold=10%.

Question:
Asset: BIL
Daily returns (past 60 days): mean=-0.0000, std=0.0001, worst_day=-0.0002
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to BIL, 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 = 0.0002 (i.e., a 0.02% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0002 = 457.7642, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLY: 60-day history, VaR(99%)=-0.0214, max drawdown threshold=10%.

Question:
Asset: XLY
Daily returns (past 60 days): mean=0.0005, std=0.0088, worst_day=-0.0302
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2019-07-25] ["Asian markets little changed as investors await central bank decisions Stocks in Japan, Hong Kong rise slightly Asian markets were little changed in early trading Thursday, despite new record highs on Wall Street.", "Microsoft and 7 Other Tech Stocks That Yield Steady Payouts Technology stocks aren\u2019t traditional dividend havens the way utilities, consumer staples, and other sectors have been. But that\u2019s shifting as companies such as Microsoft, Apple, Cisco, and others operate mature businesses that throw off excess cash.", "Why App Stores Could Be an Early Target of Regulators Apple and Google take 30% on revenue generated from their app stores. That could be one area of interest as the Justice Department reviews online platforms.", "This GMO Strategist Is Bearish on U.S. Stocks but Positive on Modern Monetary Theory James Montier likes emerging markets, cites Monty Python, and is critical of Larry Summers", "Voice assistants gain new skills \u2014 texting us, showing us graphics Multimodal responses to voice commands will make consumers more comfortable with artificial intelligence Multimodal responses to voice commands will make consumers more comfortable with artificial intelligence.", "U.S. government\u2019s broadside against Big Tech could cause the stock rally to stumble Large technology companies have been the stock market leaders Large technology companies have been the stock market leaders.", "Big Tech could have avoided this antitrust mess with the stroke of a pen Humble advice to Alphabet, Amazon, Facebook and Apple: Get out your checkbooks Humble advice to Alphabet, Amazon, Facebook and Apple: Get out your checkbooks.", "Southwest takes drastic action to address 737 Max issues and stock is rewarded Earnings Watch: Alphabet and Amazon lurk on deck as antitrust interest heats up Air carriers have spent the past two weeks giving updates on the continued Boeing 737 Max groundings, and Southwest Airlines Co. just announced the most drastic plan so far.", "OK Google, tell us why your earnings growth is slowing down ... hello? Anyone there? Alphabet executives avoided discussing growth slowdown in last earnings report, and numbers don\u2019t tell much of a story either As the parent company of Google nears its fiscal second quarter results on July 25, the chorus of disapproval over its evasive reporting policy has risen on Wall Street.", "A worrying theory after Equifax and Facebook settlements \u2014 aggregated data is NOT enough to protect your privacy A new study says it\u2019s possible to \u2018reverse engineer\u2019 anonymous data to identify individuals A new study says it\u2019s possible to \u2018reverse engineer\u2019 anonymous data to identify individuals.", "Apple to acquire majority of Intel smartphone business for $1 billion", "Trump prods Republicans to back budget deal as he hails worker-pledge anniversary CEOs from Lockheed, Siemens join president at White House event President Donald Trump on Thursday urged House

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 = 0.0214 (i.e., a 2.14% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0214 = 4.6730, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BNDX: 60-day history, VaR(99%)=-0.0020, max drawdown threshold=10%.

Question:
Asset: BNDX
Daily returns (past 60 days): mean=0.0001, std=0.0012, worst_day=-0.0022
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 = 0.0020 (i.e., a 0.20% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0020 = 50.1620, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BTC-USD: 60-day history, VaR(99%)=-0.1312, max drawdown threshold=10%.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=0.0043, std=0.0526, 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: 0.7621

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1312 (i.e., a 13.12% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1312 = 0.7621, capped at 1.0.
Maximum position size = 0.7621 (76.2% of portfolio).


USMV: 60-day history, VaR(99%)=-0.0157, max drawdown threshold=10%.

Question:
Asset: USMV
Daily returns (past 60 days): mean=0.0013, std=0.0082, worst_day=-0.0159
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2016-04-05] ["Apple is about to get a lot more of your money Average user predicted to top $100 on services like Apple Music by 2020, an 85% gain Apple\u2019s customers will nearly double their spending on the company\u2019s services offerings, such as Apple Pay and Apple Music, in the coming years, an analyst predicted Monday, meaning billions more in profit for the iPhone maker.", "The only three ETFs you need to own now These funds pursue outperformance without taking on too much risk These funds pursue outperformance without taking on too much risk, writes Jeff Reeves.", "Apple: Investors Unconcerned About Potentail EU Tax Bill, Says Piper", "Intel Production Improves in Late March, Says BlueFin; 30% iPhone Share on Track Boutique research house BlueFin Research Partners\u2019s Steve Mullane writes today that Intel\u2019s (INTC) production levels for its chips at the end of March began to pick up, indicating some improvement in the supply chain inventory clearing, despite still-weak personal computer shipments.Mullane, without citing sources, claims that Intel\u2019s production in the last two weeks of March indicates a less-bad decline in production for Q1, and some momentum heading into Q2, the result of the global chip industry burning through inventory:In our Intel Update last month, we noted that the overall production levels at Intel were noticeably slowing down in February and dropping further through mid-March. These declines put the production level estimates on a pace of 5-6% sequential decrease for Q1, versus the flattish forecast to the materials suppliers at the outset of the quarter. The production declines were not totally surprising, given the lackluster PC shipments in January and February and the high inventory levels entering the quarter. Our latest estimates indicate that production levels bottomed in mid-March and have showed some modest improvement in the past few weeks. We estimate that Q1 production declined 4-5% sequentially, slightly better than the 5-6% decline projected in our prior update. The increased momentum at the end of March appears to be carrying over into Q2, as the material suppliers are forecasting a 5% sequential increase. Figure 1 depicts our production level estimates versus actual and forecasted INTC revenues. After two quarters of production declines, we are finally seeing a production increase for the June quarter which suggests that inventory are getting closer to target levels. While our latest reads on the PC Shipments (see our PC Market Update note yesterday) are projected to be up only slightly at 65M units in Q2, Skylake builds are expected to increase to 50% of the mix.", "Bull trend intact, U.S. benchmarks hesitate at major resistance Focus: Apple presses the 200-day average, AAPL, SIMO, MRK,FN, HIMX Technically speaking, each widely-tracked U.S. benchmark has reached its next major hurdle to start the second quarter. Against this backdrop, the selling pressure at resistance is worth tracking, though

Determine the maximum fraction of total portfolio capital that should be allocated to USMV, 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 = 0.0157 (i.e., a 1.57% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0157 = 6.3537, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.1355, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=0.0145, std=0.0760, worst_day=-0.1612
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: 0.7383

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1355 (i.e., a 13.55% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1355 = 0.7383, capped at 1.0.
Maximum position size = 0.7383 (73.8% of portfolio).


XHB: 60-day history, VaR(99%)=-0.0139, max drawdown threshold=10%.

Question:
Asset: XHB
Daily returns (past 60 days): mean=0.0012, std=0.0082, worst_day=-0.0158
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to XHB, 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 = 0.0139 (i.e., a 1.39% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0139 = 7.2070, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MORT: 60-day history, VaR(99%)=-0.0192, max drawdown threshold=10%.

Question:
Asset: MORT
Daily returns (past 60 days): mean=0.0010, std=0.0077, worst_day=-0.0282
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to MORT, 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 = 0.0192 (i.e., a 1.92% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0192 = 5.1996, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.0816, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=-0.0053, std=0.0313, worst_day=-0.0824
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 = 0.0816 (i.e., a 8.16% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0816 = 1.2257, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLY: 60-day history, VaR(99%)=-0.0152, max drawdown threshold=10%.

Question:
Asset: XLY
Daily returns (past 60 days): mean=0.0014, std=0.0067, worst_day=-0.0154
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2020-02-21] ["Notable ETF Inflow Detected - MGK, ADBE, MCD, UNP Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Mega Cap Growth ETF (Symbol: MGK) where we have detected an approximate $193.1 million dollar inflow -- that's a 3.4% increase week over week in outstanding units (from 35,489,005 to 36,689,005). Among the largest underlying components of MGK, in trading today Adobe Inc (Symbol: ADBE) is down about 1.6%, McDonald's Corp (Symbol: MCD) is down about 0.1%, and Union Pacific Corp (Symbol: UNP) is lower by about 0.9%. For a complete list of holdings, visit the MGK Holdings page \u00bb The chart below shows the one year price performance of MGK, versus its 200 day moving average: Looking at the chart above, MGK's low point in its 52 week range is $117.91 per share, with $162.49 as the 52 week high point \u2014 that compares with a last trade of $159.12. 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 had notable inflows \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Salesforce vs. Adobe: Which Is a Better Digital Transformation Investment? Jim Cramer -- the energetic host of CNBC's Mad Money -- thinks that competition between salesforce.com (NYSE: CRM) and Adobe (NASDAQ: ADBE) could \"become one of the great rivalries in tech.\" Really? Customer relationship management software versus digital design and creativity software? The thing is, I agree. But I would suggest his timeline is off. It's already one of the great tech rivalries out there. Unbeknownst to the general public, digital transformation has been sweeping the globe and reshaping how organizations think about their operations and how to present themselves to customers. Salesforce and Adobe, while born of different disciplines, are some of the preeminent players in that digital transformation. Rather than choose one, though, I say own both. Image source: Getty Images. Data versus content creation First, though, it's worth acknowledging the two very different histori

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 = 0.0152 (i.e., a 1.52% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0152 = 6.5873, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VNQ: 60-day history, VaR(99%)=-0.0339, max drawdown threshold=10%.

Question:
Asset: VNQ
Daily returns (past 60 days): mean=-0.0005, std=0.0146, worst_day=-0.0339
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to VNQ, 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 = 0.0339 (i.e., a 3.39% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0339 = 2.9528, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


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

Question:
Asset: XLRE
Daily returns (past 60 days): mean=-0.0027, std=0.0169, worst_day=-0.0375
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-11-21] ["Should Vanguard Mega Cap ETF (MGC) Be on Your Investing Radar? If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the Vanguard Mega Cap ETF (MGC), a passively managed exchange traded fund launched on 12/17/2007. The fund is sponsored by Vanguard. It has amassed assets over $3.62 billion, making it one of the larger ETFs attempting to match the Large Cap Blend segment of the US equity market. Why Large Cap Blend Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies. Blend ETFs usually hold a mix of growth and value stocks as well as stocks that exhibit both value and growth characteristics. Costs Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same. Annual operating expenses for this ETF are 0.07%, making it one of the least expensive products in the space. It has a 12-month trailing dividend yield of 1.55%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation to the Information Technology sector--about 29.30% of the portfolio. Healthcare and Financials round out the top three. Looking at individual holdings, Apple Inc. (AAPL) accounts for about 8.48% of total assets, followed by Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). The top 10 holdings account for about 33.08% of total assets under management. Performance and Risk MGC seeks to match the performance of the CRSP US Mega Cap Index before fees and expenses. The CRSP U.S. Mega Cap Index includes the largest U.S. companies, with a target of including the top 70% of investable market capitalization. The index includes securities traded on NYSE, NYSE Market, NASDAQ or ARCA. The ETF has lost about -17.90% so far this year and is down about -16.42% in the last one year (as of 11/21/2022). In the past 52-week period, it has traded between $124.31 and $169.35. The ETF has a beta of 1 and standard deviation of 25.25% for the trailing three-year period, making it a medium risk choice in the space. With about 239 holdings, it effectively diversifies company-specific risk. Alternatives Vanguard Mega Cap ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, MGC is a good option for those seeking exposure to the Style Box - Large Cap Blend area of the market. Investors might also want to consider some other ETF options in the space. The iShares Core S&P 500 ETF (IVV) and the SPDR

Determine the maximum fraction of total portfolio capital that should be allocated to XLRE, 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 = 2.8513, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VLUE: 60-day history, VaR(99%)=-0.0289, max drawdown threshold=10%.

Question:
Asset: VLUE
Daily returns (past 60 days): mean=0.0011, std=0.0123, worst_day=-0.0315
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2020-09-04] ["Asian markets slide, following Wall Street\u2019s tumble Stocks fall in Tokyo, Hong Kong, Seoul Asian markets skidded Friday after Wall Street had its worst day since June, as investors\u2019 exuberance faltered after a spate of record highs.", "Podcast: Nasdaq Composite Drops 5% Many of the pandemic\u2019s hottest stocks saw steep declines on Thursday. The latest government jobs report looks worse than economists forecast. But spending on wireless spectrum licenses was up $4.5 billion last month.", "Coronavirus update: Global tally climbs above 26 million, U.S. above 6.1 million, amid concerns CDC will rush out a vaccine The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 26 million on Thursday, while in the U.S. there were growing concerns that President Donald Trump\u2019s administration will attempt to rush out a vaccine ahead of the November presidential election.", "Here are the biggest stock-market losers on Thursday as the tech sector tanks All S&P 500 sectors ended lower Thursday\u2019s decline was broad, with all sectors of the S&P 500 ending lower.", "Just $5 and an iPhone can open the door to investing in the world\u2019s rarest fine wines The pandemic has reinvigorated many people\u2019s passion for hobbies and nostalgia, Rally\u2019s co-founder says Rally\u2019s wine offerings will have a combined value of $148,000 and include a \u201905 Chateau Latour and 2016 Chateau Petrus", "Apple Stock Falls Again as the Nasdaq Keeps Dropping The Nasdaq\u2019s loss in futures trading builds on Thursday\u2019s sharp decline.", "Tech bloodbath aside, ride these two giants for the second half of the recovery, veteran analyst says Critical information for the U.S. trading day Never mind the carnage. One analyst says the second phase of the economic rebound, during the second half of this year and into 2021, will \u201csupercharge\u201d the fundamentals and growth trajectories of well positioned tech stocks", "Apple delays privacy policy change, much to the relief of Facebook, mobile ad sellers Digital advertising firms have dreaded the planned privacy changes that would require them to explain in their notifications why they are seeking tracking permissions Apple Inc. says it will delay until early next year changes to its privacy policy that Facebook Inc. and others claim will eviscerate advertising sales targeting users on iPhones and iPads.", "Apple Lost $180 Billion In Market Value Thursday. It\u2019s the Biggest Loss For a Company Ever. Apple stock slid 8% on Thursday, a rotten day for technology shares. That translated to a loss of roughly $180 billion in the iPhone maker\u2019s market capitalization.", "Salesforce.com Inc., Apple Inc. share losses lead Dow's 532-point fall", "Barron\u2019s Daily: Tech Stocks Slide Again Trump takes aim at cities\u2019 funding, \u201cTenet\u201d will be in many U.S. movie theaters this weekend, Fed\u2019s Charles Evans says U.S. economy needs more support, and other ne

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 = 0.0289 (i.e., a 2.89% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0289 = 3.4649, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


FXI: 60-day history, VaR(99%)=-0.0319, max drawdown threshold=10%.

Question:
Asset: FXI
Daily returns (past 60 days): mean=-0.0022, std=0.0149, worst_day=-0.0356
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2018-09-06] ["7 Lucrative Biotech Stocks With Up to 300% Upside InvestorPlace - Stock Market News, Stock Advice & Trading Tips Forget market dynamics. These biotechs are playing to their own tune. According to the Street's top analysts this can be a very lucrative path. Biotech stocks can spike massively on positive news - be it key trial results or regulatory approvals. Of course, the opposite is also true and the biotech sector can crash just as quickly on unexpected disappointments. But the key point remains: Biotechs provide an outlet away from the rest of the market to potentially make serious money. That's especially welcome in the month of September - a notoriously tricky time for the markets. Indeed, September has been the worst performing month of the year for the Dow Jones Industrial Average and the S&P 500 since 1950. Your Chance to Cash In With Legal Sports Betting With that in mind, let's now turn to these seven strong buy biotechs now. I used TipRanks to ensure two crucial points: 1) big support from the Street, especially from top-performing analysts and 2) eye-watering upside potential ahead. Now let's see how these stocks tick these two boxes: Biotech Stocks to Buy: ObsEva (OBSV) ObsEva (NASDAQ: OBSV ) is developing best-in-class drug candidates to improve women's reproductive health. The lead is Linzagolix (OBE2109), a potentially best-in-class orally-dosed GnRH antagonist to treat symptoms of endometriosis (Ph2b) and uterine fibroids (Ph3). Top HC Wainwright analyst Ram Selvaraju ( Profile & Recommendations ) is very bullish on the stock's potential. He has just reiterated his \"buy\" rating with a $44 price target. From current levels that indicates massive upside potential of 237%! He notes that just-released data from AbbVie Inc (NYSE: ABBV ) reduces the risk for OBSV's Linzagolix. \"In our view, the long-term efficacy for elagolix should bode well for future development of linzagolix in uterine fibroids, since both drugs are GnRH receptor antagonists and have shown comparable potency in clinical studies.\" However, one of the key advantages for Linzagolix is the potential to be administered in certain patients without needing add-back therapy (ABT). This is the addition of a small amount of the hormones estrogen and/or progesterone to reduce undesirable effects of GnRH. Overall, six analysts have published back-to-back buy ratings on OBSV stock. This is with a $32 price target (147% upside potential). See what other Top Analysts are saying about OBSV . Biotech Stocks to Buy: Tocagen Inc (TOCA) This cutting-edge biotech stock is at the forefront of cancer therapy. Tocagen Inc (NASDAQ: TOCA ) is developing an RRV platform that can selectively deliver therapeutic genes into the DNA of cancer cells. Right now, all eyes are on Toca 511 and Toca FC. These drugs are in pivotal Phase 3 trials for recurrent high-grade gliomas (HGGs), with data due in 1H19. These are extremely difficult to treat cancers. \"Given the robustness of overall dataset

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 = 0.0319 (i.e., a 3.19% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0319 = 3.1344, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLU: 60-day history, VaR(99%)=-0.0323, max drawdown threshold=10%.

Question:
Asset: XLU
Daily returns (past 60 days): mean=0.0005, std=0.0116, worst_day=-0.0339
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2015-10-02] ["Micron Jumps On Q4 Beat But Is Down From Year Ago", "Analog Devices' Rating Upped by Citi; Target Price Reiterated", "Micron Jumps On Q4 Beat But Is Down From Year Ago", "Analog Devices' Rating Upped by Citi; Target Price Reiterated", "Analog Devices' Rating Upped by Citi; Target Price Reiterated Recently, Analog DevicesADI was upgraded to \"Buy\" from \"Neutral\" by Citi's analyst Christopher Danely. In addition, he reiterated the price target of $66.00. Danely remains optimistic about the company's solid business model, increasing margins and profits, high dividend yield and upside from the Apple Inc. AAPL design win. He believes that the touch technology used in Apple's devices will boost Analog Devices' earnings. According to him, this new design win could be accretive to revenues by 13% and add 36 cents to earnings in 2016. However, this design win could impact margins, thus lowering the company's overall margins to 33.2%. The analyst also believes that the Apple design win should expand Analog Devices' earnings growth at a compounded annual growth rate (CAGR) of 20%. Additionally, Danely expects the company's earnings to reach $4.50 per share in 2016, up 50% from the 2015 earnings estimate of $3.00. Moreover, the analyst remains encouraged by Analog Devices' dividend yield of 3%, which is 25% higher than the semiconductor group and 30% more than the S&P 500. Danely stated that though the demand from the company's industrial and automotive markets appears weak, Analog Devices' new products will continue to witness strong deployment in the communications market, further expanding its share in the sensor market. The analyst believes that the possibility that the company might supply Apple with components for next-generation iPhones and iPads will boost sales in the communications market. Analog Devices is a leading supplier of analog and digital signal processing (DSP) integrated circuits. Its large customer base provides a distinct competitive edge. We believe that the company's supremacy is driven by its innovative design technology and vast product portfolio. Currently, Analog Devices has a Zacks Rank #2 (Buy). A couple of well-ranked stocks in the same sector are Inphi Corporation IPHI and MaxLinear, Inc. MXL . While Inphi sports a Zacks Rank #1 (Strong Buy), MaxLinear has the same Zacks Rank as Analog Devices. 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 >> 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 APPLE INC (AAPL): Free Stock Analysis Report ANALOG DEVICES (ADI): Free Stock Analysis Report INPHI CORP (IPHI): Free Stock Analysis Report MAXLINEAR INC-A (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions

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 = 0.0323 (i.e., a 3.23% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0323 = 3.0987, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VNQ: 60-day history, VaR(99%)=-0.0294, max drawdown threshold=10%.

Question:
Asset: VNQ
Daily returns (past 60 days): mean=-0.0006, std=0.0137, worst_day=-0.0339
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to VNQ, 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 = 0.0294 (i.e., a 2.94% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0294 = 3.4018, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.1287, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0059, std=0.0572, worst_day=-0.1471
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: 0.7770

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1287 (i.e., a 12.87% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1287 = 0.7770, capped at 1.0.
Maximum position size = 0.7770 (77.7% of portfolio).


ADA-USD: 60-day history, VaR(99%)=-0.1446, max drawdown threshold=10%.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0028, std=0.0645, worst_day=-0.1761
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: 0.6918

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1446 (i.e., a 14.46% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1446 = 0.6918, capped at 1.0.
Maximum position size = 0.6918 (69.2% of portfolio).


ACWI: 60-day history, VaR(99%)=-0.0141, max drawdown threshold=10%.

Question:
Asset: ACWI
Daily returns (past 60 days): mean=0.0008, std=0.0056, worst_day=-0.0153
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2021-08-16] ["C3 Global Services & IKG Global Consultants Form Strategic Partnership to Promote Healthcare Education and Exports The mission of the C3 Global Services and IKG Global Consultants strategic partnership is to develop an exchange that focuses on international businesses and academic institutions interested in creating new healthcare relationships in global markets.", "Metatron Acquires E-commerce Company and explores New Crypto Bot Fund DOVER, DE, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Metatron (OTC Pink: MRNJ), a mobile and web technology pioneer having developed over 2,000 apps on iTunes and Google Play, is pleased to announce it has acquired a controlling interest in Mountain Green inc., an e-commerce company which generated over millions in sales over the last twelve months. Mountain Green has already added significantly to Metatron\u2019s balance sheet since deal closing and brings to the table its thousands of customers and multipl", "Smartphone for Snapdragon Insiders review: Not for most people The Smartphone for Snapdragon Insiders boasts a 144Hz screen, comprehensive 5G support, fast charging and special audio enhancements.", "Verizon Authorized Retailer CellOnly Expands Southward, Acquires 14 Locations Across Texas and Oklahoma Communication Connection locations join CellOnly\u2019s footprint of 56 wireless retail storesAMARILLO, Texas, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Verizon Authorized Retailer CellOnly today announced the acquisition of 14 Communication Connection locations across Texas and Oklahoma, bringing the retailer\u2019s total footprint to 56 stores across the Midwest and beyond. Communication Connection stores in Amarillo, Borger, Childress, Dumas, Haskell, Hereford, Hudson Oaks, Mineral Wells, Pampa, Perryton, Sham", "This Beautiful White Canon TLB Belongs in Your Hands Shooting Film Some cameras are just prettier than others. To that end, some lenses just make prettier images. For what they're worth, it's hard to beat Canon FD mount lenses. And luckily, this gorgeous Canon TLB can use them. How often have you seen them in white? It's rare--in fact, this one is most likely a one of a kind. But quite honestly, this Canon TLB checks all the marks of what we want in a camera. It's available through the Rare Camera Store right now. And trust me, you're going to be pleased.", "Brunswick CEO on the boom in boating Brunswick CEO David Foulkes discusses the company's strong second quarter, and electrification and autonomous tech the company is going to use in its power boats.", "The latest version of iCloud for Windows adds a full password manager With version 12.5 of iCloud for Windows, Apple is adding a password manager.", "Why We Think Fujifilm Doesn\u2019t Have Animal Face Detection Yet Animal Face Detection has been a huge thing in the photo world. Everyone wants it. In the pandemic, we've taken to photographing as much wildlife and our furry friends as much as possible. But frustratingly, Fujifilm cameras don't have it. Yet a wh

Determine the maximum fraction of total portfolio capital that should be allocated to ACWI, 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 = 0.0141 (i.e., a 1.41% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0141 = 7.0780, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DBC: 60-day history, VaR(99%)=-0.0293, max drawdown threshold=10%.

Question:
Asset: DBC
Daily returns (past 60 days): mean=0.0001, std=0.0146, worst_day=-0.0293
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to DBC, 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 = 0.0293 (i.e., a 2.93% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0293 = 3.4171, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


SOL-USD: 60-day history, VaR(99%)=-0.1934, max drawdown threshold=10%.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=0.0156, std=0.0994, worst_day=-0.1969
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to SOL-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: 0.5171

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1934 (i.e., a 19.34% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1934 = 0.5171, capped at 1.0.
Maximum position size = 0.5171 (51.7% of portfolio).


VTI: 60-day history, VaR(99%)=-0.0219, max drawdown threshold=10%.

Question:
Asset: VTI
Daily returns (past 60 days): mean=-0.0008, std=0.0102, worst_day=-0.0219
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-01-24] ["Buy Smart With Software Stocks on the Dip InvestorPlace - Stock Market News, Stock Advice & Trading Tips Technology stocks are getting crushed right now, and software stocks in particular are bearing the brunt of the selling. Year-to-date, the tech-heavy Nasdaq is off 12% \u2014 marking its fourth worst start to a year ever. Worse yet, the Invesco Dynamic Software ETF (NYSEARCA:PSJ) is down nearly 18% in just three weeks. Source: Shutterstock Ouch! But as the old saying goes, it\u2019s often best to be greedy when others are fearful. This time around, that saying is especially true because the stocks getting hit the hardest \u2014 software stocks \u2014 are the market\u2019s best. Technology is taking over the world. You know that. I know that. We all know that. New tech products and services are redefining every aspect of our personal and professional lives. This trend won\u2019t stop anytime soon. By 2030, the world will be run by tech. And these days, most of that tech is software \u2014 not hardware. That\u2019s because from a single piece of hardware, like a phone or computer, you can access an infinite number of software applications. Big picture: Software will inevitably run the world one day. That\u2019s just a fact. And consequently, software stocks will be the market\u2019s biggest winners. So\u2026 when faced with a short-term pullback in a group of long-term winners \u2014 like we\u2019re seeing today in software stocks \u2014 the best thing to do is buy the dip. But be careful \u2014 because while some software stocks look like they\u2019ve bottomed and are ready to rocket higher, the ones you\u2019re probably thinking about buying have further yet to fall. Avoid Overvaluation The biggest software growth stocks in the market \u2014 household companies making software that you and I use every day, with businesses growing at 10%-plus every year and gross margins above 60% \u2014 are still overvalued. I\u2019m talking Microsoft (NASDAQ:MSFT), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Autodesk (NASDAQ:ADSK), Fortinet (NASDAQ:FTNT), Illumina (NASDAQ:ILMN) and more. I\u2019ve put together an index of the 10 most important software growth stocks in the market and tracked their price-to-sales multiples over the past five years. Before the pandemic \u2014 before interest rates got cut to zero, before Treasury yields plunged and before enormous globs of fiscal stimulus hit the economy \u2014 these stocks were trading around 10 to 12 times trailing sales. That should be considered a \u201cnormal\u201d valuation for high-margin software growth stocks. During the pandemic, though, those multiples ballooned to record highs. Now, even after the recent tech meltdown, the \u201cBig Software 10\u201d (as I like to call them) are still trading at 16 times trailing sales \u2014 a huge premium to their valuations prior to the pandemic. Source: InvestorPlace In other words, those stocks still have a lot of room to fall if the Fed does hike interest rat

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 = 0.0219 (i.e., a 2.19% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0219 = 4.5664, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


USO: 60-day history, VaR(99%)=-0.0478, max drawdown threshold=10%.

Question:
Asset: USO
Daily returns (past 60 days): mean=-0.0013, std=0.0181, worst_day=-0.0617
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to USO, 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 = 0.0478 (i.e., a 4.78% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0478 = 2.0919, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ADA-USD: 60-day history, VaR(99%)=-0.1034, max drawdown threshold=10%.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=-0.0027, std=0.0464, worst_day=-0.1071
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-04-11]

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: 0.9671

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1034 (i.e., a 10.34% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1034 = 0.9671, capped at 1.0.
Maximum position size = 0.9671 (96.7% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.1519, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=-0.0005, std=0.0490, worst_day=-0.1902
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2021-10-29]

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: 0.6585

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1519 (i.e., a 15.19% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1519 = 0.6585, capped at 1.0.
Maximum position size = 0.6585 (65.8% of portfolio).


UNG: 60-day history, VaR(99%)=-0.0270, max drawdown threshold=10%.

Question:
Asset: UNG
Daily returns (past 60 days): mean=-0.0014, std=0.0124, worst_day=-0.0297
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to UNG, 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 = 0.0270 (i.e., a 2.70% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0270 = 3.6997, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


SLV: 60-day history, VaR(99%)=-0.0308, max drawdown threshold=10%.

Question:
Asset: SLV
Daily returns (past 60 days): mean=0.0013, std=0.0148, worst_day=-0.0322
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to SLV, 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 = 0.0308 (i.e., a 3.08% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0308 = 3.2507, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BNB-USD: 60-day history, VaR(99%)=-0.1428, max drawdown threshold=10%.

Question:
Asset: BNB-USD
Daily returns (past 60 days): mean=0.0091, std=0.0509, worst_day=-0.1649
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to BNB-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: 0.7001

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1428 (i.e., a 14.28% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1428 = 0.7001, capped at 1.0.
Maximum position size = 0.7001 (70.0% of portfolio).


BTC-USD: 60-day history, VaR(99%)=-0.0698, max drawdown threshold=10%.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=-0.0031, std=0.0281, worst_day=-0.0787
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-05-08]

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: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0698 (i.e., a 6.98% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0698 = 1.4327, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DBB: 60-day history, VaR(99%)=-0.0216, max drawdown threshold=10%.

Question:
Asset: DBB
Daily returns (past 60 days): mean=0.0009, std=0.0087, worst_day=-0.0230
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to DBB, 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 = 0.0216 (i.e., a 2.16% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0216 = 4.6319, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VTI: 60-day history, VaR(99%)=-0.0335, max drawdown threshold=10%.

Question:
Asset: VTI
Daily returns (past 60 days): mean=0.0010, std=0.0130, worst_day=-0.0335
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2020-11-12] ["Better Buy: Slack vs. Adobe Slack (NYSE: WORK) and Adobe (NASDAQ: ADBE) are both forward-thinking companies that are changing how people work. Slack's enterprise communication platform reduced the need for clumsy email chains and time-consuming phone calls. It also recently expanded its platform with Slack Connect, which allows companies to communicate and collaborate securely with external partners. Adobe transformed its desktop software into cloud-based services that locked in customers with subscriptions and eliminated the need for local software installations and periodic upgrades. Adobe also expanded its cloud ecosystem with additional services for enterprise customers. Slack went public via a direct listing in June 2019. But after a few wild swings, its stock is still hovering near its initial reference price of $26. Meanwhile, Adobe's stock has surged nearly 60% just since Slack's public debut. Let's see why Adobe outperformed Slack, and if it will remain the faster-growing stock for the foreseeable future. Image source: Getty Images. Slack: A first mover with a shrinking moat Slack operates a \"freemium\" business model. Paying businesses gain unlimited messages and integrated tools, better security, more cloud storage, automation services for repetitive tasks, and other services. Slack was founded seven years ago, and it enjoys a first mover's advantage in its disruptive niche. However, Microsoft's (NASDAQ: MSFT) Teams, which was launched in 2017, copied many of Slack's features and was subsequently bundled into Office 365 subscriptions as a free service. In response, Slack filed an antitrust complaint against Microsoft in Europe earlier this year, alleging the tech giant was \"force installing\" a \"weak, copycat product\" onto \"millions\" of users. Slack continued to grow as Microsoft expanded Teams, but that competitive threat cast a long shadow over the underdog's future. Adobe: An evolving tech giant with an expanding ecosystem Adobe splits its business into two main divisions: the Digital Media unit, which provides its creativity and productivity software as cloud-based services; and the Digital Experience unit, which hosts its enterprise tools. The Digital Media unit's Creative Cloud hosts industry-standard software like Adobe Photoshop, Premiere Pro, Illustrator, After Effects, and Acrobat. Most of these software products dominate their respective markets. The Digital Experience unit, which hosts cloud-based advertising, analytics, advertising, and e-commerce tools, faces much tougher competition. salesforce.com (NYSE: CRM) competes against most of Adobe's enterprise-oriented services, while Shopify competes against Adobe's Magento e-commerce services. Which company is growing faster? Slack's revenue grew 57% year over year to $630 million in fiscal 2020, which ended on Jan. 30. Its GAAP net loss widened from $141 million to $571 million last year, but its non-GAAP net loss narrowed slightly from $116 million to $113 million.

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 = 0.0335 (i.e., a 3.35% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0335 = 2.9889, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BTC-USD: 60-day history, VaR(99%)=-0.1021, max drawdown threshold=10%.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=0.0072, std=0.0449, 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: 0.9798

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1021 (i.e., a 10.21% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1021 = 0.9798, capped at 1.0.
Maximum position size = 0.9798 (98.0% of portfolio).


VTI: 60-day history, VaR(99%)=-0.0313, max drawdown threshold=10%.

Question:
Asset: VTI
Daily returns (past 60 days): mean=-0.0004, std=0.0131, worst_day=-0.0335
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2015-11-12] How NVIDIA Corporation Gained 15% in October NVDA data by YCharts . What: Shares of NVIDIA gained 15% in October, according to data from S&P Capital IQ . The catalyst for this market-beating autumnal jaunt? Merger rumors in NVIDIA's neck of the semiconductor woods, even tough this particular chatter never involved NVIDIA itself. So what: On Oct. 14, the rumor mill echoed with reports that Analog Devices might merge with fellow mixed-signal processor maker Maxim Integrated Products . NVIDIA rose 4% that day and never looked back. Shareholders seem excited about the idea of sector giants on the prowl for a deal in the "merger of equals" category. Now what: Maxim and ADI never commented on those merger rumors, and the gossip has since moved on to pairing Maxim with even larger rival Texas Instruments . That development hasn't negated NVIDIA's potential-merger boost at all, especially since the graphics processor specialist followed up with a strong third-quarter report near the start of November. The chip market is awash in major mergers, and the time has never been more ripe for NVIDIA to define an exit strategy. In particular, I wouldn't be surprised to see Texas Instruments turning its sights away from Maxim due to broadly overlapping product portfolios, and take a closer look at NVIDIA. The overlaps would be far smaller here, making TI an instant contender in several parts of the mobile and automotive markets where NVIDIA has been eating TI's lunch in recent years. Mind you, it's all just rumors at this point. Maxim hasn't found a final buyer yet, and nobody has even hinted at talking to NVIDIA's board of directors. So NVIDIA's shareholders continue an inspiring ride that has seen share prices skyrocket 50% higher over the last six months. Maxim has only gained 24%, direct buyout rumors notwithstanding. Is NVIDIA going to Texas or Massachusetts in the near future, or perhaps nowhere at all? Grab a bag of popcorn and a comfy deck chair. We'll just have to wait and see. This iSecret stock could make this pop look tiny The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here . The article How NVIDIA Corporation Gained 15% in October originally appeared on Fool.com. Anders Bylund has no position in any stocks mentioned. The Motley Fool recommends Nvidia. Try any of our Foolish newsletter services free for 30 days .We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Copyright © 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy . The views and opinions expressed he

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 = 0.0313 (i.e., a 3.13% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0313 = 3.1955, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


^VIX: 60-day history, VaR(99%)=-0.1635, max drawdown threshold=10%.

Question:
Asset: ^VIX
Daily returns (past 60 days): mean=-0.0014, std=0.0789, worst_day=-0.1825
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-09-19] ["18 Stocks to Capture the Next Tech Boom Janus Henderson Global Technology trounces its peers with big stocks like Alphabet and Facebook and dozens of much smaller ones.", "How Amazon\u2019s stock could rise to $3,000 \u2014 or fall to $400 Artificial intelligence will be a big catalyst, though the company\u2019s fast growth will eventually come to an end Artificial intelligence will be a big catalyst, though the company\u2019s fast growth will eventually come to an end, says Nigam Arora.", "Fitbit Ionic Review: A Smartwatch That\u2019s Better at Fitness Than Time Fitbit\u2019s new smartwatch excels on a run, but the interface holds the device back as an everyday watch option.", "Apple stock price target raised to $194 from $182 at Morgan Stanley", "Apple's price target raised at Morgan Stanley as higher ASPs should boost profits Shares of Apple Inc. inched up less than 0.1% in morning trade Tuesday, after Morgan Stanley raised its price target, citing an improved profit outlook on the back of that higher average selling prices (ASPs). Analyst Katy Huberty reiterated her overweight rating, but boosted her target to $194, which is more than 20% above current levels, from $182. Huberty said the key takeaway from Apple's product event last week is that ASPs were raised across the product line. She raised her fiscal 2018 earning-per-share estimate to $12.60 from $11.80--the FactSet consensus is $10.89--as high customer loyalty and a stronger U.S. dollar should keep higher prices from hurting demand. \"Apple is an aspirational brand offering high quality, innovative products at a premium price,\" Huberty wrote in a note to clients. \"As a result, the company escapes the typical trend of declining prices that drive demand for other devices.\" the stock has rallied 8.5% over the past three months, while the SPDR Technology Select Sector ETF has climbed 4.9% and the Dow has gained 3.8%.", "How your heart rate monitor could help criminals Researchers were able to intercept information from Fitbit devices Researchers were able to intercept information from Fitbit devices.", "Bitcoin needs to be worth $1,000,000 to be a legitimate currency A single bitcoin is equal to 100,000,000 Satoshi Think bitcoin has been in bubble territory? You ain\u2019t seen nothing yet, as the cryptocurrency needs to surge about 300 times it value over the next several years to be considered a legitimate currency or risk retreating into obscurity and obsolescence, says one industry expert.", "Apple Benefits When It Raises Prices, Says Morgan Stanley Apple tends to do well when it raises prices, says Morgan Stanley's Katy Huberty, and she raised her price target on the company's stock to $194 to reflect several price increases coming out of last week's media event held by Apple, including not just on iPhone but also iPads and even the company's annual support contract.", "Tesla, Apple and Amazon: Alike in Spirit, Not Profits Another analyst has weighed in with a negative review of

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: 0.6118

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1635 (i.e., a 16.35% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1635 = 0.6118, capped at 1.0.
Maximum position size = 0.6118 (61.2% of portfolio).


FXI: 60-day history, VaR(99%)=-0.0438, max drawdown threshold=10%.

Question:
Asset: FXI
Daily returns (past 60 days): mean=0.0005, std=0.0249, worst_day=-0.0438
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2020-05-28] ["Tweedy Browne's \u2014\u2026\u2014\u2026 Annual Letter to Shareholders", "The Momentum Trade Driving Stocks Higher May Be About To Snap", "Kroger: Capital Preservation and More at a Good Price", "Tredje AP-fonden Buys Microsoft Corp, Amazon.com Inc, Apple Inc, Sells iShares U.S. ...", "Growth Stocks for 2020: Trading Tech Stocks + FANG Stocks", "Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc", "Stocks Are Struggling To Post Gains On May 28 Ahead Of Initial Claims", "The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron", "Tech Companies Aren't 'State Actors,' Judge Dismisses Conservative Bias Lawsuit Against Facebook, Twitter, Google, Apple", "Martin Scorsese's Next Movie Will Be Financed By Apple: Report", "Costco Earnings On Tap After Close As Investors Mull Strong Toll Brothers Results", "Trump's Executive Order To Expose Social Media To Lawsuits Over Content Policies", "Trump's Executive Order To Expose Social Media To Lawsuits Over Content Policies", "Costco Earnings On Tap After Close As Investors Mull Strong Toll Brothers Results", "Martin Scorsese's Next Movie Will Be Financed By Apple: Report", "Tech Companies Aren't 'State Actors,' Judge Dismisses Conservative Bias Lawsuit Against Facebook, Twitter, Google, Apple", "The Momentum Trade Driving Stocks Higher May Be About To Snap", "Tweedy Browne's \u2014\u2026\u2014\u2026 Annual Letter to Shareholders", "Kroger: Capital Preservation and More at a Good Price", "Tredje AP-fonden Buys Microsoft Corp, Amazon.com Inc, Apple Inc, Sells iShares U.S. ...", "The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron", "Growth Stocks for 2020: Trading Tech Stocks + FANG Stocks", "Stocks Are Struggling To Post Gains On May 28 Ahead Of Initial Claims", "Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc", "Trump's Executive Order To Expose Social Media To Lawsuits Over Content Policies", "Costco Earnings On Tap After Close As Investors Mull Strong Toll Brothers Results", "Martin Scorsese's Next Movie Will Be Financed By Apple: Report", "Tech Companies Aren't 'State Actors,' Judge Dismisses Conservative Bias Lawsuit Against Facebook, Twitter, Google, Apple", "The Momentum Trade Driving Stocks Higher May Be About To Snap", "Tweedy Browne's \u2014\u2026\u2014\u2026 Annual Letter to Shareholders", "Kroger: Capital Preservation and More at a Good Price", "Tredje AP-fonden Buys Microsoft Corp, Amazon.com Inc, Apple Inc, Sells iShares U.S. ...", "The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron", "Growth Stocks for 2020: Trading Tech Stocks + FANG Stocks", "Stocks Are Struggling To Post Gains On May 28 Ahead Of Initial Claims", "Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc", "Apple makes streaming deal for Martin Scorsese movie starring Leonardo DiCaprio \u2018Killers of the Flower Moon\u2019 to stream exclusively on Apple TV+ Apple Inc. has nabbed

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 = 0.0438 (i.e., a 4.38% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0438 = 2.2811, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


IWM: 60-day history, VaR(99%)=-0.0371, max drawdown threshold=10%.

Question:
Asset: IWM
Daily returns (past 60 days): mean=0.0035, std=0.0238, worst_day=-0.0371
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2020-06-29] ["Notable Monday Option Activity: NKE, AMD, HLT Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Nike (Symbol: NKE), where a total of 45,948 contracts have traded so far, representing approximately 4.6 million underlying shares. That amounts to about 55.9% of NKE's average daily trading volume over the past month of 8.2 million shares. Especially high volume was seen for the $92.50 strike put option expiring October 16, 2020, with 3,615 contracts trading so far today, representing approximately 361,500 underlying shares of NKE. Below is a chart showing NKE's trailing twelve month trading history, with the $92.50 strike highlighted in orange: Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 251,471 contracts, representing approximately 25.1 million underlying shares or approximately 46.5% of AMD's average daily trading volume over the past month, of 54.1 million shares. Particularly high volume was seen for the $50 strike call option expiring July 02, 2020, with 15,378 contracts trading so far today, representing approximately 1.5 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $50 strike highlighted in orange: And Hilton Worldwide Holdings Inc (Symbol: HLT) saw options trading volume of 18,555 contracts, representing approximately 1.9 million underlying shares or approximately 44.9% of HLT's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $77.50 strike call option expiring July 17, 2020, with 5,811 contracts trading so far today, representing approximately 581,100 underlying shares of HLT. Below is a chart showing HLT's trailing twelve month trading history, with the $77.50 strike highlighted in orange: For the various different available expirations for NKE options, AMD options, or HLT options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "AMD\u2019s New Mobile Ryzen CPUs Hit a Power Efficiency Milestone Back in 2014, AMD (NASDAQ: AMD) said the power efficiency of its mobile chips would improve 25-fold by 2020. It recently blew past that \"25x20\" goal with its \"Renoir\" Ryzen 4800H mobile chipsets, which boast a 31.7x increase in power efficiency over its \"Kaveri\" chipsets from 2014. AMD launched the Renoir chips earlier this year to succeed last year's \"Picasso\" chips. Renoir marks a big upgrade from Picasso, switching from Globalfoundries' 12nm process to TSMC's (NYSE: TSM) 7nm process and doubling its number of cores to eight. It's also integrated with a Vega GPU for high-end gaming. The upgrade not only boosted Renoir's power efficiency by 2.92x over Picasso, it also improved its clock-for-clock performance by 15%-20%. It also offers better graphics p

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 = 0.0371 (i.e., a 3.71% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0371 = 2.6978, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MTUM: 60-day history, VaR(99%)=-0.0353, max drawdown threshold=10%.

Question:
Asset: MTUM
Daily returns (past 60 days): mean=-0.0014, std=0.0179, worst_day=-0.0383
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2019-01-11] ["Friday's ETF with Unusual Volume: SIZE The iShares Edge MSCI USA Size Factor ETF is seeing unusually high volume in afternoon trading Friday, with over 314,000 shares traded versus three month average volume of about 32,000. Shares of SIZE were down about 0.2% on the day. Components of that ETF with the highest volume on Friday were General Electric, trading off about 0.1% with over 39.2 million shares changing hands so far this session, and Advanced Micro Devices, up about 0.5% on volume of over 37.5 million shares. General Motors is the component faring the best Friday, higher by about 8.3% on the day, while Vail Resorts is lagging other components of the iShares Edge MSCI USA Size Factor ETF, trading lower by about 13%. VIDEO: Friday's ETF with Unusual Volume: SIZE 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.", "Noteworthy ETF Inflows: SOXX, NVDA, AMD, XLNX Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares PHLX Semiconductor ETF (Symbol: SOXX) where we have detected an approximate $88.9 million dollar inflow -- that's a 8.2% increase week over week in outstanding units (from 6,700,000 to 7,250,000). Among the largest underlying components of SOXX, in trading today NVIDIA Corp (Symbol: NVDA) is off about 0.6%, Advanced Micro Devices Inc (Symbol: AMD) is off about 0.6%, and Xilinx, Inc. (Symbol: XLNX) is lower by about 0.3%. For a complete list of holdings, visit the SOXX Holdings page \u00bb The chart below shows the one year price performance of SOXX, versus its 200 day moving average: Looking at the chart above, SOXX's low point in its 52 week range is $144.79 per share, with $198.84 as the 52 week high point - that compares with a last trade of $163.35. 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 had notable inflows \u00bb The views and opinions expressed herein are the views and opi

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 = 0.0353 (i.e., a 3.53% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0353 = 2.8303, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.1731, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=0.0103, std=0.0653, worst_day=-0.1846
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: 0.5778

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1731 (i.e., a 17.31% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1731 = 0.5778, capped at 1.0.
Maximum position size = 0.5778 (57.8% of portfolio).


BTC-USD: 60-day history, VaR(99%)=-0.1042, max drawdown threshold=10%.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=0.0008, std=0.0338, 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: 0.9601

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1042 (i.e., a 10.42% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1042 = 0.9601, capped at 1.0.
Maximum position size = 0.9601 (96.0% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.1243, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=0.0080, std=0.0661, worst_day=-0.1452
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: 0.8048

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1243 (i.e., a 12.43% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1243 = 0.8048, capped at 1.0.
Maximum position size = 0.8048 (80.5% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.1527, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=0.0002, std=0.0577, worst_day=-0.1751
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: 0.6547

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1527 (i.e., a 15.27% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1527 = 0.6547, capped at 1.0.
Maximum position size = 0.6547 (65.5% of portfolio).


EFA: 60-day history, VaR(99%)=-0.0108, max drawdown threshold=10%.

Question:
Asset: EFA
Daily returns (past 60 days): mean=0.0010, std=0.0052, worst_day=-0.0114
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-07-21] ["XLU, EXC, PCG, AEP: Large Inflows Detected at ETF Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $156.0 million dollar inflow -- that's a 2.1% increase week over week in outstanding units (from 139,774,160 to 142,724,160). Among the largest underlying components of XLU, in trading today Exelon Corp (Symbol: EXC) is down about 0.2%, PG&E Corp (Symbol: PCG) is up about 0.1%, and American Electric Power Company, Inc. (Symbol: AEP) is higher by about 0.3%. For a complete list of holdings, visit the XLU Holdings page \u00bb The chart below shows the one year price performance of XLU, versus its 200 day moving average: Looking at the chart above, XLU's low point in its 52 week range is $45.33 per share, with $54.63 as the 52 week high point - that compares with a last trade of $52.93. 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 had notable inflows \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.", "Friday Sector Leaders: Utilities, Consumer Products Looking at the sectors faring best as of midday Friday, shares of Utilities companies are outperforming other sectors, up 0.3%. Within that group, FirstEnergy Corp (Symbol: FE) and American Electric Power Company, Inc. (Symbol: AEP) are two large stocks leading the way, showing a gain of 1.4% and 1.1%, respectively. Among utilities ETFs , one ETF following the sector is the Utilities Select Sector SPDR ETF (Symbol: XLU), which is up 0.2% on the day, and up 10.82% year-to-date. FirstEnergy Corp, meanwhile, is up 4.55% year-to-date, and American Electric Power Company, Inc. is up 12.17% year-to-date. Combined, FE and AEP make up approximately 7.2% of the underlying holdings of XLU. The next best performing sector is the Consumer Products sector, higher by 0.1%. Among l

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 = 0.0108 (i.e., a 1.08% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0108 = 9.2264, 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=-0.0030, std=0.0526, 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).


VEA: 60-day history, VaR(99%)=-0.0079, max drawdown threshold=10%.

Question:
Asset: VEA
Daily returns (past 60 days): mean=0.0013, std=0.0049, worst_day=-0.0086
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2017-03-17] ["5 Stocks To Watch For March 17, 2017", "Wunderlich Upgrades Adobe Systems to Buy, Raises Price Target to $145.00", "A Peek Into The Markets: U.S. Stock Futures Edge Higher Ahead Of Consumer Sentiment Data", "Adobe's Premium Valuation Is Warranted; Wunderlich Upgrades To Buy", "20 Stocks Moving In Friday's Pre-Market Session", "The Market In 5 Minutes", "Benzinga's Top Upgrades, Downgrades For March 17, 2017", "This Is What Makes Adobe The Best Large-Cap Stock In Its Space", "Adobe Makes New All-Time High", "Success Stories With Facebook, T-Mobile And Others Keep Adobe Stock A Core Holding", "8 Biggest Price Target Changes For Friday", "15 Biggest Mid-Day Gainers For Friday", "Analyst: Good Q1 For Adobe, But Valuation Already Reflects Most Potential For Growth", "Analyst: Good Q1 For Adobe, But Valuation Already Reflects Most Potential For Growth", "15 Biggest Mid-Day Gainers For Friday", "8 Biggest Price Target Changes For Friday", "Success Stories With Facebook, T-Mobile And Others Keep Adobe Stock A Core Holding", "Adobe Makes New All-Time High", "This Is What Makes Adobe The Best Large-Cap Stock In Its Space", "Benzinga's Top Upgrades, Downgrades For March 17, 2017", "The Market In 5 Minutes", "20 Stocks Moving In Friday's Pre-Market Session", "Adobe's Premium Valuation Is Warranted; Wunderlich Upgrades To Buy", "A Peek Into The Markets: U.S. Stock Futures Edge Higher Ahead Of Consumer Sentiment Data", "Wunderlich Upgrades Adobe Systems to Buy, Raises Price Target to $145.00", "5 Stocks To Watch For March 17, 2017", "3 Big Stock Charts for Friday: Adobe Systems Incorporated (ADBE), Netflix, Inc. (NFLX) and International Business Machines Corp. (IBM) InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earnings and upgrades are moving stocks in the technology sector today. Adobe Systems Incorporated (NASDAQ: ADBE ) announced better than expected earnings while Netflix, Inc. (NASDAQ: NFLX ) is seeing some cautious comments from the analyst community and International Business Machines Corp. (NYSE: IBM ) saw an upgrade to its price target from Morgan Stanley yesterday. All three of these stocks were already operating in strong bullish trends, but the recent price activity is signalling that the bulls are getting ready to engage these stocks again. Adobe Systems Incorporated (ADBE) Adobe announced earnings this morning, surprising the Street with better-than-expected results. ADBE shares are trading more than 5% higher after the news. Adobe shares have been trying to break into another volatility rally for the last week, but had failed to move above their top Bollinger Band. Today's news will change that as ADBE stock will open outside of the bands and likely see a further surge. 10 Monthly Dividend Stocks to Buy to Pay the Bills We saw a 9% reduction in the short interest on Adobe ahead of the earnings announcement, indicating that the short selling crowd has already started trying to get out of the way of ADBE shares breaking to new

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 = 0.0079 (i.e., a 0.79% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0079 = 12.5976, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


LINK-USD: 60-day history, VaR(99%)=-0.0996, max drawdown threshold=10%.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=0.0108, std=0.0511, worst_day=-0.1016
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 = 0.0996 (i.e., a 9.96% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0996 = 1.0039, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


USMV: 60-day history, VaR(99%)=-0.0253, max drawdown threshold=10%.

Question:
Asset: USMV
Daily returns (past 60 days): mean=-0.0010, std=0.0100, worst_day=-0.0253
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2020-03-09] ["101 Stocks Moving In Monday's Mid-Day Session", "Investor Movement Index Summary: February 2020", "Crude Awakening: Energy Sector Takes A 20% Spill As Crude Price War Sends Oil To 4-Year Low", "Crude Awakening: Energy Sector Takes A 20% Spill As Crude Price War Sends Oil To 4-Year Low", "Investor Movement Index Summary: February 2020", "101 Stocks Moving In Monday's Mid-Day Session", "Crude Awakening: Energy Sector Takes A 20% Spill As Crude Price War Sends Oil To 4-Year Low", "Investor Movement Index Summary: February 2020", "101 Stocks Moving In Monday's Mid-Day Session", "Here\u2019s what\u2019s worth streaming in March 2020: \u2018Ozark,\u2019 \u2018Making the Cut,\u2019 \u2018Little Fires Everywhere\u2019 and more Netflix, Hulu, Amazon and Apple roll out the big names \u2014 and big budgets \u2014 with March releases While March doesn\u2019t have a huge volume of new series and movies (Netflix excepted), it seems almost every streaming service has one or two or three high-quality, highly promising and star-studded new offerings", "Facebook, Apple and Twitter ask staff to work from home due to coronavirus \u2014 now here\u2019s the bad news for the rest of America New research by Deutsche Bank gives insights into the pressures felt by millions of Americans who don\u2019t have the luxury to work remotely to prevent catching or spreading COVID-19 New research by Deutsche Bank gives insights into the pressures felt by millions of Americans who don\u2019t have the luxury to work remotely to prevent catching or spreading COVID-19.", "Hollywood\u2019s pandemic warning a decade ago could have been taken \u2018much more seriously,\u2019 pathologist says Tracey McNamara, professor of pathology at Western University of Health Sciences in California, served as a scientific adviser on the 2011 film \u201cContagion,\u201d and now she\u2019s chiming in on the coronavirus.", "Apple iPhone Sales in China Collapsed Last Month. Why It Isn\u2019t Time to Panic Yet. Demand for Apple iPhones in China fell sharply in February, new data shows, as economic activity the country ground to a near standstill in the face of the rapid spread of coronavirus.", "Apple supply challenges have the potential to impact 5G phone launch, analyst warns UBS analyst Timothy Arcuri cautioned in a Monday note to clients that sustained supply issues for Apple Inc. have the potential to thwart the company's expected launch of a 5G-enabled iPhone, although this is more of a worst-case scenario. \"Supply challenges have given way to broad global demand concerns; if the situation persists deep into the June [quarter], it is possible that Apple would have to delay the 5G iPhone launch this fall, though our base case remains that the launch is on-time and we maintain our C21 estimates unchanged and see long-term growth,\" he wrote. Arcuri also trimmed his March-quarter iPhone unit sales estimates to 40 million from 43 million following data from a Chinese government-affiliated research inst

Determine the maximum fraction of total portfolio capital that should be allocated to USMV, 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 = 0.0253 (i.e., a 2.53% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0253 = 3.9512, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLB: 60-day history, VaR(99%)=-0.0177, max drawdown threshold=10%.

Question:
Asset: XLB
Daily returns (past 60 days): mean=0.0009, std=0.0091, worst_day=-0.0182
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2015-04-15] ["3 Biotech Stocks Under $10 with Amazing Growth Prospects - Analyst Blog The biotech sector is witnessing changing dynamics with the focus shifting from large caps to smaller companies with high growth potential. Several big biotech players are being weighed down by pricing pressure and are feeling the threat of biosimilars. Pricing concerns in the biotech industry surfaced toward the end of last year after pharmacy benefit manager Express Scripts ESRX entered into an agreement with AbbVie Inc. ABBV adding the latter's lower priced Viekira Pak to its formulary, as an exclusive option for patients suffering from genotype 1 hepatitis C virus (HCV) infection. With this move, the leading pharmacy benefit manager removed Gilead Sciences Inc.'s GILD high-priced Sovaldi and Harvoni and Johnson & Johnson's JNJ HCV drug Olysio from its National Preferred Formulary. Since then, Gilead has entered into agreements with several pharmacy benefit managers and health care service companies. It even went on to state on its fourth quarterearnings callthat it is undertaking several pricing measures including an increase in discount, charge back and rebates. In the mean time, the first biosimilar has been approved in the U.S. Sandoz -- a Novartis company NVS -- gained approval for Zarxio, a biosimilar version of Amgen's AMGN blockbuster drug, Neupogen. Several other companies including Hospira HSP are looking to introduce biosimilars in the U.S. Earlier this year, Hospira announced that it has submitted a Biologics License Application looking to get Retacrit (a biosimilar to Epogen and Procrit) approved in the U.S. Hospira already markets several biosimilars in Europe including Retacrit and Nivestim (a biosimilar to Neupogen). Attracted by its lucrative biosimilars portfolio and pipeline, which is potentially worth multi-billion dollars, Pfizer PFE has entered into an agreement to acquire Hospira in a deal valued at approximately $17 billion. According to Pfizer, the worldwide biosimilars market is expected to be worth approximately $20 billion by 2020. Introduction of biosimilars is expected to directly affect the market for branded biotech drugs and eat into their share. In such a scenario, biotech companies with newer therapies or interesting pipeline candidates have been attracting a lot of attention. Big players are resorting to merger and acquisition (M&A) deals and licensing activity to bolster their beleaguered pipelines. Last month, AbbVie entered into an agreement to acquire Pharmacyclics PCYC in a deal valued at approximately $21 billion to gain partial rights to Imbruvica. Imbruvica is expected to generate U.S. net product revenues of approximately $1 billion in 2015. While the M&A frenzy shows no signs of slowing down, it is a great time to go beyond familiar names in the biotech sector and indulge in some cheap growth stocks. These pint-sized stocks are not only easy for the pockets but also ensure outsized returns in a trending market. How to Pick? P

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 = 0.0177 (i.e., a 1.77% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0177 = 5.6423, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLV: 60-day history, VaR(99%)=-0.0282, max drawdown threshold=10%.

Question:
Asset: XLV
Daily returns (past 60 days): mean=-0.0004, std=0.0119, worst_day=-0.0294
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2018-12-07] ["What the Arrest of a Chinese Executive Means for the Stock Market A massive drop in the Dow Jones Industrial Average was spurred by the arrest of Huawei CFO Meng Wanzhou. And it was a confirmation that tensions between the U.S. and China are about more than trade.", "These 5 stocks are surprising winners amid the market\u2019s wild swings Scana, Newell Brands, McCormick, Spirit Airlines, Dr. Reddy\u2019s Impressive gains for investors so far this quarter.", "Morgan Stanley gets less bullish on Apple due to China demand woes Morgan Stanley analyst Katy Huberty cut her price target on Apple Inc. shares to $236 from $253 on Friday, citing weakness in the China market. She said that her supply-chain conversations in Asia suggest that the smartphone market is weakening in China. The country is \"following in the footsteps of the U.S. with replacement cycles lengthening after a structurally shorter cycle over the last decade,\" Huberty wrote. Rising average selling prices and overall better smartphone quality are leading people to keep their current devices for longer, according to Huberty. She also sees \"some risk of churn\" at the low end of Apple's customer base in China, given that some local manufacturers are offering phones with new features such as a triple camera. Huberty kept her overweight rating on the stock and said that wearables and services revenues could help the company amid a weak stretch for iPhones. Apple's shares are off 0.2% in Friday morning trading, and they're down 21% over the past three months. The Dow Jones Industrial Average has dropped 3.4% in that time.", "Apple\u2019s iPhone Sales in China Will Slip, Says Morgan Stanley Analyst Katy Huberty cut her price target on Apple to $236 from $253 but reiterated an Outperform rating for the services business.", "All 30 Dow industrials stocks and the 20 Dow transport stocks are falling As the Dow Jones Industrial Average tumbles 659 points, or 2.6%, in afternoon trade, all 30 of its components are losing ground. Of the biggest decliners, shares of Microsoft Corp. dropped 4.4%, Caterpillar Inc. shed 4.3% and Intel Corp. declined 4.3%. The most active Dow stock was Apple Inc. , which shed 3.5% toward the lowest close since April 30. Elsewhere, the Dow Jones Transportation Average lost 4.2%, with all 20 components falling. Meanwhile, the defensive Dow Jones Utility Average rose 0.5%, with 14 of 15 components gaining ground.", "Online Holiday Sales Are Soaring Adobe Analytics expects a record $124.1 billion in domestic online holiday sales through Dec. 31, up 15% from $108.2 billion a year ago.", "Apple iPhones Won\u2019t See Major Redesigns in 2019, Says Analyst The new iPhones in the second half of fiscal 2019 will likely have the same body size and displays as the current iPhone XR, XS, and XS Max models, according to Nomura\u2019s Anne Lee.", "Older Consumers Are a Lucrative Market By 2030, seniors will be one billion strong globally and account for half of all consumer spending

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 = 0.0282 (i.e., a 2.82% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0282 = 3.5433, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).