Magnificent Seven
Specification
Policy
| Rebalancing Interval | Quarterly |
|---|---|
| Weights Algorithm | Equal Weights |
Benchmark
| Invesco QQQ Trust Series 1 (QQQ) |
Description
The “Magnificent Seven” was coined by Bank of America analyst Michael Hartnett, according to Yahoo Finance.
The companies will be equally weighted for this backtest.
Policy Report
Backtest Report
From to (11y 11m 4d)
Returns (annualized)
| Portfolio | 37.79% |
|---|---|
| Benchmark | 18.83% |
Risk (annualized)
| Portfolio | 26.88% |
|---|---|
| Benchmark | 20.51% |
Sharpe (annualized)
| Portfolio | 1.28 |
|---|---|
| Benchmark | 0.89 |
Excess Return (annualized)
| 18.96% |
Tracking Error (annualized)
| 11.03% |
Risk Free Rate (annualized)
| 1.22% |
Growth Charts
Historical Weights
Return Distribution
Excess Kurtosis
| 4.64 |
Skew
| -0.32 |
Data Table
| Factor | Portfolio | Benchmark |
|---|---|---|
| Market Factor | 1.1034 | 1.1034 |
| Size Factor | 0.1242 | 0.1242 |
| Style Factor | -1.1430 | -1.1430 |
| U.S. Tilt (Non U.S.) | 0.4533 | 0.4533 |
Adjusted R2
| Portfolio | 0.84 |
|---|---|
| Benchmark | 0.96 |
Intercept
| Portfolio | 0.00 |
|---|---|
| Benchmark | 0.00 |