Commodity Futures Services, LLC : IPATS Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A Jun Performance 1.30% Min Investment $ 2,000k Mgmt. Fee 0% Perf. Fee 25.00% Annualized Vol 40.25% Sharpe (RFR=1%) 0.49 CAROR 13.55% Assets $ 28.0M Worst DD -55.93 S&P Correlation -0.14 Add Alert Add to Blender Add to Portfolio Add to Watchlist Print Page 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 Jun Qtr YTD 1yr 3yr 5yr 10yr Since8/1995 IPATS 1.30 - - - - - -5.11 873.75 S&P 500 -1.50 - - - - - 64.80 664.56 +/- S&P 500 2.80 - - - - - -69.91 209.19 Strategy Description SummaryIn general terms, IPATS may be described as a technical, medium to long-term, trend following, reversal program. Trading decisions are derived from proprietary computer programs, which utilize historical price patterns over dynamically varying time horizons to anticipate changes in... Read More Account & Fees Type Managed Account Minimum Investment $ 2,000k Trading Level Incremental Increase $ 0k CTA Max Funding Factor 1.00 Management Fee 0% Performance Fee 25.00% Average Commission $0 Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency 1-7 Days Redemption Frequency 1-7 Days Investor Requirements Any Investor Lock-up Period 0 Trading Trading Frequency 3100 RT/YR/$M Avg. Margin-to-Equity 30% Targeted Worst DD Worst Peak-to-Trough 0% Sector Focus Diversified Traders Holding Periods Over 12 Months 0% 4-12 Months 0% 1-3 Months 100.00% 1-30 Days 0% Intraday 0% Decision-Making Discretionary 0% Systematic 100.00% Strategy Technical 100.00% Composition Interest Rates 35.00% Energy 15.00% Currency Futures 13.00% Grains 11.00% Livestock 11.00% Stock Indices 10.00% Precious Metals 5.00% SummaryIn general terms, IPATS may be described as a technical, medium to long-term, trend following, reversal program. Trading decisions are derived from proprietary computer programs, which utilize historical price patterns over dynamically varying time horizons to anticipate changes in price trends. Position sizes are based on account size, each future’s current volatility and a designed overall portfolio risk level. All decisions necessary to implement the IPATS strategy are derived from proprietary computer programs designed by CFS. These programs seek to identify the major trends and turning points for each future and to determine the changes required to maintain a balanced and diversified risk posture for each managed portfolio. From time to time, however, market conditions may be such that, in the opinion of CFS’s management, execution of trades recommended by their computer programs would be difficult or involve an undue amount of risk. In these unusual instances, which CFS estimates will affect less than 2% of the trading decisions, the computer recommendations may be modified by CFS. In addition, the market may occasionally present unique trading opportunities, which are not derived from CFS’s computer programs. CFS may enter such trades using its risk control methodology.Investment StrategyThe basic trading strategy for IPATS is to hold continuous positions (either long or short) in each future in the portfolio in an attempt to capture a major portion of both long term and medium term price trends. IPATS is designed to benefit from significant price movements while keeping losses within manageable levels. The program strives to maintain a balanced and diversified portfolio for each IPATS account.Risk ManagementI weigh risk and performance for all markets, sectors and the overall portfolio. I measure risk via drawdown and volatility. Compare to: {{result.name}} {{result.description}} Index: Chart Type: AUM & Cumulative Returns Cumulative Returns Distribution Rolling Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Compare to: Index: Select an Index Hang Seng Russell 2000 DAX FTSE 100 S&P 500 Index 10-Year Note VIX S&P 500 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 -55.93 11 28 11/1/1996 10/1/1997 -54.66 22 38 9/1/2002 7/1/2004 -39.48 16 8 3/1/2000 7/1/2001 -36.28 20 - 9/1/2011 5/1/2013 -28.00 13 7 12/1/2008 1/1/2010 -23.08 4 2 4/1/1996 8/1/1996 -12.45 3 5 12/1/2010 3/1/2011 -10.29 1 1 9/1/1995 10/1/1995 -9.71 2 2 12/1/1995 2/1/1996 -5.79 1 1 11/1/2007 12/1/2007 -5.19 2 1 5/1/2008 7/1/2008 -4.97 1 1 8/1/2008 9/1/2008 -2.04 1 1 10/1/2010 11/1/2010 -1.85 1 2 3/1/2002 4/1/2002 Show More Consecutive Gains Run-up Length (Mos.) Start End 91.52 8 4/1/2007 11/1/2007 81.59 5 5/1/2002 9/1/2002 76.41 3 9/1/1996 11/1/1996 69.58 4 11/1/1997 2/1/1998 59.11 3 8/1/2001 10/1/2001 57.64 2 8/1/1998 9/1/1998 54.14 3 10/1/2008 12/1/2008 53.97 6 5/1/2010 10/1/2010 51.25 3 7/1/2011 9/1/2011 48.79 4 8/1/2005 11/1/2005 45.65 5 1/1/2008 5/1/2008 40.48 4 12/1/2003 3/1/2004 39.19 3 5/1/1997 7/1/1997 30.43 2 4/1/2006 5/1/2006 29.14 2 4/1/2009 5/1/2009 29.07 2 3/1/1996 4/1/1996 28.09 5 8/1/2004 12/1/2004 27.77 1 3/1/2002 3/1/2002 27.71 3 12/1/2002 2/1/2003 27.62 1 5/1/2012 5/1/2012 26.24 2 1/1/1997 2/1/1997 24.98 1 12/1/2000 12/1/2000 19.52 2 11/1/1995 12/1/1995 18.34 1 2/1/1999 2/1/1999 17.59 1 11/1/1999 11/1/1999 16.08 1 8/1/2008 8/1/2008 14.85 3 1/1/2000 3/1/2000 14.49 1 7/1/2012 7/1/2012 14.12 2 8/1/2006 9/1/2006 13.93 2 2/1/2005 3/1/2005 13.53 2 7/1/2003 8/1/2003 13.42 1 12/1/2001 12/1/2001 12.41 2 12/1/2006 1/1/2007 11.48 1 11/1/1998 11/1/1998 11.48 1 5/1/2005 5/1/2005 9.98 1 10/1/2000 10/1/2000 9.73 2 2/1/2010 3/1/2010 8.34 2 8/1/1995 9/1/1995 7.86 1 4/1/2011 4/1/2011 7.07 1 5/1/2000 5/1/2000 5.88 1 8/1/2000 8/1/2000 5.69 2 5/1/1999 6/1/1999 5.34 1 6/1/1996 6/1/1996 4.31 1 12/1/2010 12/1/2010 4.17 1 3/1/2001 3/1/2001 3.19 1 11/1/2009 11/1/2009 2.53 1 5/1/2003 5/1/2003 2.03 1 1/1/2012 1/1/2012 1.35 1 4/1/2013 4/1/2013 1.31 1 2/1/2006 2/1/2006 1.30 1 6/1/2013 6/1/2013 1.02 1 5/1/1998 5/1/1998 0.72 1 9/1/2009 9/1/2009 0.70 1 2/1/2009 2/1/2009 0.57 1 5/1/2004 5/1/2004 0.39 1 2/1/2013 2/1/2013 Show More Consecutive Losses Run-up Length (Mos.) Start End -42.06 2 3/1/1997 4/1/1997 -40.40 3 8/1/1997 10/1/1997 -36.67 2 3/1/2003 4/1/2003 -33.48 3 9/1/2003 11/1/2003 -28.65 6 8/1/2012 1/1/2013 -27.38 1 12/1/1996 12/1/1996 -24.50 4 4/1/2001 7/1/2001 -22.70 3 10/1/2011 12/1/2011 -22.63 2 10/1/2002 11/1/2002 -21.29 2 6/1/2006 7/1/2006 -21.08 2 7/1/1996 8/1/1996 -20.08 4 7/1/1999 10/1/1999 -18.98 2 3/1/1998 4/1/1998 -17.88 2 6/1/2000 7/1/2000 -17.26 2 1/1/2001 2/1/2001 -16.73 2 12/1/2005 1/1/2006 -16.29 2 6/1/2004 7/1/2004 -16.07 1 11/1/2001 11/1/2001 -16.06 2 2/1/2007 3/1/2007 -15.83 1 4/1/2004 4/1/2004 -15.32 1 3/1/2009 3/1/2009 -15.31 1 4/1/2000 4/1/2000 -14.87 1 10/1/1998 10/1/1998 -14.13 2 1/1/2002 2/1/2002 -12.45 3 1/1/2011 3/1/2011 -12.37 3 2/1/2012 4/1/2012 -12.22 1 1/1/2009 1/1/2009 -12.10 2 6/1/2005 7/1/2005 -11.66 2 12/1/2009 1/1/2010 -11.33 1 10/1/2009 10/1/2009 -10.29 1 10/1/1995 10/1/1995 -10.19 1 6/1/2012 6/1/2012 -9.73 2 10/1/2006 11/1/2006 -9.71 2 1/1/1996 2/1/1996 -9.53 2 6/1/1998 7/1/1998 -8.68 1 11/1/2000 11/1/2000 -8.51 3 6/1/2009 8/1/2009 -8.41 1 1/1/2005 1/1/2005 -7.47 1 5/1/1996 5/1/1996 -7.30 1 3/1/2006 3/1/2006 -6.02 1 9/1/2000 9/1/2000 -6.00 1 6/1/2003 6/1/2003 -5.95 1 4/1/2005 4/1/2005 -5.79 1 12/1/2007 12/1/2007 -5.75 2 5/1/2011 6/1/2011 -5.19 2 6/1/2008 7/1/2008 -4.97 1 9/1/2008 9/1/2008 -4.17 1 12/1/1999 12/1/1999 -3.03 2 12/1/1998 1/1/1999 -2.96 1 4/1/2010 4/1/2010 -2.49 1 5/1/2013 5/1/2013 -2.04 1 11/1/2010 11/1/2010 -1.85 1 4/1/2002 4/1/2002 -1.08 2 3/1/1999 4/1/1999 -0.76 1 3/1/2013 3/1/2013 Show More Top Performer Badges Index Award Type Rank Performance Period Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. x {{title}} x {{title}} Add Cancel