Performance Overview:
In this Week 02 update, the MM-2023 Portfolio has exhibited commendable performance, showcasing a total return of 2%. This noteworthy achievement aligns with the benchmark index, which has realized a return of 2.24%. While it is premature to discuss the Compound Annual Growth Rate (CAGR) at this stage, the portfolio's performance signals a positive trajectory.
Key Metrics:
The portfolio's key metrics underscore its ability to sustain positive performance and profitability. The Win/Loss Ratio, Profit Factor, and Percent Profitable metrics all reflect favorable outcomes. Notably, the Win/Loss Ratio stands impressively at 233.33%, signifying a substantial prevalence of winning trades.
- Win/Loss Ratio: 233.33%
- Profit Factor: N.A.
- Percent Profitable: 70.00%
- Portfolio Maximum Drawdown: 0.66%
- Current Drawdown: 0.00%
Notable Gainers and Losers:
The portfolio celebrates 14 notable gainers, with particular emphasis on the performance of ANANDRATHI. Concurrently, it is essential to acknowledge the presence of 6 loss-making stocks within the current portfolio. The portfolio's diversified exposure across various sectors serves as a risk mitigation strategy, optimizing overall returns.
Cash Component:
Efficient investment utilization is evident as the portfolio presently maintains a 0.00% cash component, indicative of strategic deployment in accordance with prevailing market conditions.
Winning Investments vs. Losing Investments:
The portfolio's performance showcases a higher number of winning investments (14) in comparison to losing investments (6). This positive outcome is further underscored by the fact that the average return on winning investments (5.01%) substantially surpasses the average loss (3.76%) on losing investments.
Diversification:
Strategic diversification across multiple industries is a key strength of the portfolio. The largest allocation is observed in Healthcare at 26.6%, demonstrating a well-balanced distribution across sectors including Automobile and Auto Components, Capital Goods, Construction, Construction Materials, Consumer Services, Fast Moving Consumer Goods, Financial Services, Oil Gas & Consumable Fuels, and Power.
Summary:
In summary, the MM-2023 Portfolio continues to showcase robust performance, exemplifying its proficiency in identifying and capitalizing on lucrative investment opportunities while effectively managing risk. The diversified allocation across various industries enhances the portfolio's resilience and potential for optimized returns.
Next Portfolio Changes: 18 March, 2024.
Scheduled portfolio adjustments on March 18, 2024, will further underscore a commitment to adaptability and responsiveness to market dynamics, ensuring the continued alignment of the portfolio with strategic objectives.
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