Here are my November picks for both MFF1 and MFF2:
DAR, DHX, PRFT
Thursday, November 6, 2008
Monday, November 3, 2008
Performance details for Month 16
As of 10/31/2008, my 16 month old Magic Formula Fund (MFF1) was beating the SP500 by 1.74% (0.98% annualized). This is down significantly from a month ago of 8.47% (11.32% annualized). In the meantime my second fund, the 2 month old MFF2 fund, is trailing the SP500 by 8.32%. Click on the images below to see further details for MFF1.
Below is a graph that shows the delta of annualized returns for MFF1 vs SP500 in the last 3 months. Obviously one cannot conclude much from this volatity for or against the premise of Magic Formula. I am still optimistic that the Magic Formula could work in the long run. I certainly intend to continue testing it for a while.
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