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/ Carbide Capital Inc. / Carbide Absolute Return Program

Carbide Capital Inc. : Carbide Absolute Return Program

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Year-to-Date
8.43%
Aug Performance
0.93%
Min Investment
$ 200k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
15.01%
Sharpe (RFR=1%)
-0.07
CAROR
-1.41%
Assets
$ 1.0M
Worst DD
-40.97
S&P Correlation
0.44
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Growth of 1,000 - VAMI

Monthly Performance

Export Data
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD DD

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Period Returns

Program / Index Aug Qtr YTD 1yr 3yr 5yr 10yr Since
9/2014
Carbide Absolute Return Program 0.93 2.65 -8.43 -5.59 -34.85 -12.45 - -8.15
S&P 500 7.01 14.98 8.34 19.61 40.39 75.68 - 75.67
+/- S&P 500 -6.08 -12.33 -16.77 -25.20 -75.24 -88.13 - -83.82

Strategy Description

Summary

The Carbide Absolute Return Program seeks to produce positive risk adjusted returns through a long/short options strategy focused on equity indices. The CIO was formerly the head trader for a well known multi-billion dollar hedge fund. ... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 200k
Trading Level Incremental Increase $ 0k
CTA Max Funding Factor 2.00
Management Fee 2.00%
Performance Fee 20.00%
Average Commission $11.00
Available to US Investors Yes

Subscriptions

High Water Mark Yes
Subscription Frequency Daily
Redemption Frequency Daily
Investor Requirements Any Investor
Lock-up Period 0

Trading

Trading Frequency 5000 RT/YR/$M
Avg. Margin-to-Equity 20%
Targeted Worst DD -20.00%
Worst Peak-to-Trough -36.90%
Sector Focus Stock Index Traders

Holding Periods

Over 12 Months 0%
4-12 Months 0%
1-3 Months 3.00%
1-30 Days 95.00%
Intraday 2.00%

Decision-Making

Discretionary 100.00%
Systematic 0%

Strategy

Option-purchasing
5.00%
Option-spreads
15.00%
Option-writing
80.00%
Strategy Pie Chart

Composition

Stock Indices
100.00%
Composition Pie Chart

Summary

The Carbide Absolute Return Program seeks to produce positive risk adjusted returns through a long/short options strategy focused on equity indices. The CIO was formerly the head trader for a well known multi-billion dollar hedge fund.

Investment Strategy

CC utilizes both fundamental and technical analysis to identify trading opportunities in the futures and options markets. It employs fundamental top-down/bottom-up analysis of the broad financial markets to identify which instruments offer the best investment opportunities. Additionally, CC employs a series of proprietary models and technical indicators to identify the specific contracts that offer the most advantageous trading opportunities.

Risk Management

Portfolio is stress tested under various price and vol assumptions to estimate drawdowns and margin to equity ratios. Portfolio is managed to avoid margin calls and optimize risk/return characteristics.

   

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Monthly Annual
Reward
Average RoR:
Max Gain:
Gain Frequency:
Average Gain:
Gain Deviation:
Risk
Standard Deviation:
Worst Loss:
Loss Frequency:
Average Loss:
Loss Deviation:
Reward/Risk
Sharpe Ratio: (RF=1%)
Skewness:
Kurtosis:
Reward
Compound RoR:
Average RoR:
Max Gain:
Gain Frequency:
Average Gain:
Gain Deviation:
Risk
Standard Deviation:
Worst Loss:
Loss Frequency:
Average Loss:
Loss Deviation:
Reward/Risk
Sharpe Ratio: (RF=1%)
Skewness:
Kurtosis:

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Note: Figures shown in the Monthly column are the greatest figures (or worst for losses/drawdowns) for any particular month. The Annual figures are the greatest for any calendar year.

Drawdown Report

Depth Length (Mos.) Recovery (Mos.) Peak Valley
-40.97 27 - 12/1/2017 3/1/2020
-3.76 1 2 7/1/2015 8/1/2015
-1.01 1 1 10/1/2014 11/1/2014
-0.77 1 1 5/1/2016 6/1/2016
-0.17 1 1 5/1/2015 6/1/2015
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Consecutive Gains

Run-up Length (Mos.) Start End
20.37 18 7/1/2016 12/1/2017
16.34 9 9/1/2015 5/1/2016
8.76 7 3/1/2018 9/1/2018
6.73 5 4/1/2020 8/1/2020
6.08 6 12/1/2014 5/1/2015
5.57 7 6/1/2019 12/1/2019
3.44 4 1/1/2019 4/1/2019
3.21 2 9/1/2014 10/1/2014
1.43 1 11/1/2018 11/1/2018
0.75 1 7/1/2015 7/1/2015
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Consecutive Losses

Run-up Length (Mos.) Start End
-31.42 2 1/1/2018 2/1/2018
-14.21 3 1/1/2020 3/1/2020
-11.69 1 10/1/2018 10/1/2018
-5.56 1 12/1/2018 12/1/2018
-3.76 1 8/1/2015 8/1/2015
-1.01 1 11/1/2014 11/1/2014
-0.77 1 6/1/2016 6/1/2016
-0.17 1 6/1/2015 6/1/2015
-0.14 1 5/1/2019 5/1/2019
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year
Number of Periods72.0070.0067.0061.0055.0049.0037.0025.00
Percent Profitable83.3381.4368.6655.7443.6436.7318.928.00
Average Period Return-0.01-0.12-0.58-0.89-1.66-3.94-9.31-13.16
Average Gain1.152.865.5511.2919.6627.0234.597.89
Average Loss-5.80-13.15-13.99-16.22-18.17-21.91-19.56-14.99
Best Period3.826.149.9618.7426.2634.3740.987.90
Worst Period-30.66-30.59-29.08-36.90-34.19-31.20-35.59-27.58
Standard Deviation4.337.7510.7515.7620.9824.7624.379.66
Gain Standard Deviation0.621.242.103.742.702.8514.060.01
Loss Standard Deviation8.6710.589.7910.8411.908.1911.087.61
Sharpe Ratio (1%)-0.02-0.05-0.10-0.12-0.15-0.24-0.51-1.78
Average Gain / Average Loss0.200.220.400.701.081.231.770.53
Profit / Loss Ratio0.990.950.870.880.840.720.410.05
Downside Deviation (10%)4.237.5910.6615.8021.2426.3733.3535.98
Downside Deviation (5%)4.157.259.7213.4617.1820.0822.5819.62
Downside Deviation (0%)4.147.169.4912.9016.2218.5720.1616.05
Sortino Ratio (10%)-0.10-0.18-0.29-0.37-0.44-0.54-0.75-0.96
Sortino Ratio (5%)-0.02-0.05-0.11-0.14-0.18-0.30-0.55-0.88
Sortino Ratio (0%)0.00-0.02-0.06-0.07-0.10-0.21-0.46-0.82

Top Performer Badges

Index Award Type Rank Performance Period
Option Strategy Index Month 2 1.37 7/2020
Option Strategy Index Month 4 0.33 6/2020
Option Strategy Index Month 2 1.82 5/2020
Discretionary Trader Index Month 9 1.82 5/2020
Stock Index Trader Index Month 9 1.82 5/2020
Stock Index Trader Index Month 10 2.12 4/2020
Option Strategy Index Month 1 2.12 4/2020
Option Strategy Index Month 1 2.12 4/2020
Stock Index Trader Index Month 10 2.12 4/2020
Option Strategy Index Month 8 -5.91 3/2020
Option Strategy Index Month 6 -8.46 2/2020
Option Strategy Index Month 10 -0.39 1/2020
Option Strategy Index Month 5 0.83 12/2019
Option Strategy Index Month 5 0.57 11/2019
Option Strategy Index Month 4 0.88 10/2019
Option Strategy Index Month 7 0.78 9/2019
Option Strategy Index Month 4 0.73 8/2019
Option Strategy Index Month 6 0.68 7/2019
Option Strategy Index Month 4 0.97 6/2019
Discretionary Trader Index Month 10 0.97 6/2019
Option Strategy Index Month 7 -0.14 5/2019
Option Strategy Index Month 7 0.45 4/2019
Option Strategy Index Month 7 0.53 3/2019
Option Strategy Index Month 7 0.55 2/2019
Option Strategy Index Month 5 1.87 1/2019
Option Strategy Index Month 4 1.43 11/2018
Option Strategy Index Month 8 0.78 9/2018
Option Strategy Index Month 4 0.75 8/2018
Option Strategy Index Month 3 1.89 7/2018
Option Strategy Index Month 7 1.29 6/2018
Stock Index Trader Index Month 10 1.29 6/2018
Option Strategy Index Month 3 1.31 5/2018
Option Strategy Index Month 7 1.18 4/2018
Option Strategy Index Month 6 1.25 3/2018
Option Strategy Index Month 7 -1.09 1/2018
Option Strategy Index Month 3 1.21 12/2017
IASG CTA Index Sharpe 2 2.68 2017
Option Strategy Index Month 7 0.45 11/2017
Option Strategy Index Month 5 1.01 10/2017
Option Strategy Index Month 8 0.70 9/2017
Option Strategy Index Month 8 0.74 8/2017
Option Strategy Index Month 6 1.03 7/2017
Option Strategy Index Month 4 1.53 6/2017
Stock Index Trader Index Month 9 1.53 6/2017
Option Strategy Index Month 10 1.02 5/2017
Option Strategy Index Month 10 1.08 4/2017
Stock Index Trader Index Month 7 1.01 2/2017
Option Strategy Index Month 7 1.01 2/2017
Stock Index Trader Index Month 8 0.87 12/2016
Option Strategy Index Month 8 0.87 12/2016
Option Strategy Index Month 5 1.52 11/2016
Option Strategy Index Month 7 1.29 10/2016
Stock Index Trader Index Month 9 1.29 10/2016
Option Strategy Index Month 7 0.66 9/2016
Stock Index Trader Index Month 5 2.11 7/2016
Option Strategy Index Month 1 2.11 7/2016

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

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