HB Capital Management Inc. : Diversified Program Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A Jun Performance -0.10% Min Investment $ 50k Mgmt. Fee 1.00% Perf. Fee 20.00% Annualized Vol 10.53% Sharpe (RFR=1%) 0.13 CAROR 1.82% Assets $ 3.1M Worst DD -23.71 S&P Correlation -0.04 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 Since3/2008 Diversified Program -0.10 - - - -15.31 -0.10 -6.22 22.70 S&P 500 6.89 - - - 38.73 48.55 216.69 151.62 +/- S&P 500 -6.99 - - - -54.04 -48.64 -222.90 -128.92 Strategy Description SummaryThe trading program utilizes Howard Bernstein’s 30+ years experience trading in the futures markets in order to develop a multi-strategy and multi-market approach to trading both commodity futures and options on futures trading.... Read More Account & Fees Type Managed Account Minimum Investment $ 50k Trading Level Incremental Increase $ 0k CTA Max Funding Factor 3.00 Management Fee 1.00% Performance Fee 20.00% Average Commission $28.00 Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency Daily Redemption Frequency Daily Investor Requirements Any Investor Lock-up Period 0 Trading Trading Frequency 1100 RT/YR/$M Avg. Margin-to-Equity 10% Targeted Worst DD -12.00% Worst Peak-to-Trough 23.70% Sector Focus Diversified Traders Holding Periods Over 12 Months 0% 4-12 Months 5.00% 1-3 Months 80.00% 1-30 Days 15.00% Intraday 0% Decision-Making Discretionary 20.00% Systematic 80.00% Strategy Option-spreads 15.00% Option-writing 10.00% Seasonal/cyclical 20.00% Spreading/hedging 40.00% Trend-following 15.00% Composition Grains 25.00% Energy 15.00% Livestock 15.00% Stock Indices 15.00% Precious Metals 10.00% Interest Rates 10.00% Currency Futures 5.00% Softs 5.00% SummaryThe trading program utilizes Howard Bernstein’s 30+ years experience trading in the futures markets in order to develop a multi-strategy and multi-market approach to trading both commodity futures and options on futures trading.Investment StrategyThe program uses a number of different options and futures strategies. The option strategies include a variety of different spreads such as verticals, calendars, ratios, strangles, and straddles amongst others. The program will also outright sell or buy an option in certain situations. In addition, the program may purchase or sell futures to offset an open option position. The program trades options and futures contracts in the crude oil, coffee, soybean, gold, natural gas and corn markets, among others. The implementation of this trading program depends on both technical and fundamental considerations. Technical analysis involves the study of charted prices, volume and momentum to determine the future course of prices. Other analysis may also be performed on the prices of various options, both in absolute terms in relation to their historic price level, and in relative terms comparing the prices of puts to the prices of similar calls. Implied and historical volatility of both the option and its underlying commodity are also studied. Fundamental considerations, utilized on a commodity by commodity basis, include supply and demand, seasonal movements as well as business and economic factors, governmental policies, weather, and other worldwide events, which can influence the commodity markets. A secondary strategy seeks to profit from seasonal patterns inherent in various commodity markets. The trades taken may be outright long (buy) and short (sell) positions or spread trades between two similar commodities. Seasonal trading may also employ the use of buying and/or selling options. Risk ManagementWe use historical data for different markets to place extremely low risk trades. Once in a trade, we reevaluate our positions daily based on a number of market factors such as technicals, fundamentals, etc. 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 -23.71 18 16 8/1/2014 2/1/2016 -21.22 40 9 6/1/2010 10/1/2013 -21.03 18 - 8/1/2017 2/1/2019 -3.18 1 1 6/1/2017 7/1/2017 -2.80 1 1 4/1/2009 5/1/2009 -2.06 2 4 7/1/2008 9/1/2008 -0.79 2 1 3/1/2010 5/1/2010 Show More Consecutive Gains Run-up Length (Mos.) Start End 25.94 6 3/1/2014 8/1/2014 18.43 10 6/1/2009 3/1/2010 15.15 5 3/1/2016 7/1/2016 13.61 6 1/1/2017 6/1/2017 12.84 5 3/1/2008 7/1/2008 9.95 2 11/1/2013 12/1/2013 9.52 2 11/1/2015 12/1/2015 8.31 4 1/1/2009 4/1/2009 8.25 2 8/1/2015 9/1/2015 5.41 4 11/1/2010 2/1/2011 5.02 1 3/1/2019 3/1/2019 4.61 1 4/1/2011 4/1/2011 4.53 2 9/1/2016 10/1/2016 4.51 2 12/1/2017 1/1/2018 4.39 1 8/1/2017 8/1/2017 4.18 1 10/1/2012 10/1/2012 3.53 2 12/1/2011 1/1/2012 3.22 2 7/1/2012 8/1/2012 2.43 1 8/1/2010 8/1/2010 2.16 1 2/1/2013 2/1/2013 2.03 2 10/1/2008 11/1/2008 1.90 2 1/1/2015 2/1/2015 1.77 1 7/1/2018 7/1/2018 1.63 1 11/1/2014 11/1/2014 1.05 1 4/1/2015 4/1/2015 0.96 1 6/1/2010 6/1/2010 0.88 1 9/1/2013 9/1/2013 0.88 1 3/1/2012 3/1/2012 0.76 2 7/1/2011 8/1/2011 0.75 1 7/1/2013 7/1/2013 0.71 1 12/1/2018 12/1/2018 0.67 1 5/1/2013 5/1/2013 0.60 1 4/1/2018 4/1/2018 0.45 1 5/1/2012 5/1/2012 0.20 1 10/1/2011 10/1/2011 Show More Consecutive Losses Run-up Length (Mos.) Start End -13.43 3 5/1/2015 7/1/2015 -11.72 2 9/1/2010 10/1/2010 -11.53 2 1/1/2016 2/1/2016 -10.42 2 9/1/2014 10/1/2014 -9.73 3 11/1/2012 1/1/2013 -7.98 2 2/1/2018 3/1/2018 -7.55 2 3/1/2013 4/1/2013 -7.47 3 9/1/2017 11/1/2017 -7.39 2 1/1/2019 2/1/2019 -5.16 1 10/1/2015 10/1/2015 -4.85 4 8/1/2018 11/1/2018 -4.67 1 7/1/2010 7/1/2010 -4.25 1 12/1/2014 12/1/2014 -3.95 1 9/1/2011 9/1/2011 -3.53 2 1/1/2014 2/1/2014 -3.18 1 7/1/2017 7/1/2017 -2.80 1 5/1/2009 5/1/2009 -2.71 1 4/1/2012 4/1/2012 -2.59 2 11/1/2016 12/1/2016 -2.39 1 8/1/2013 8/1/2013 -2.33 2 5/1/2018 6/1/2018 -2.06 2 8/1/2008 9/1/2008 -1.87 1 10/1/2013 10/1/2013 -1.85 1 3/1/2011 3/1/2011 -1.51 3 4/1/2019 6/1/2019 -1.29 1 3/1/2015 3/1/2015 -1.13 1 8/1/2016 8/1/2016 -1.11 1 6/1/2012 6/1/2012 -0.99 2 5/1/2011 6/1/2011 -0.98 1 6/1/2013 6/1/2013 -0.87 1 2/1/2012 2/1/2012 -0.79 2 4/1/2010 5/1/2010 -0.75 1 11/1/2011 11/1/2011 -0.46 1 9/1/2012 9/1/2012 -0.18 1 12/1/2008 12/1/2008 Show More Time Windows Analysis 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year Number of Periods136.00134.00131.00125.00119.00113.00101.0089.0077.00 Percent Profitable57.3555.2252.6750.4051.2654.8771.2952.8167.53 Average Period Return0.200.540.922.012.793.233.553.194.08 Average Gain2.244.286.8911.6712.7211.748.4912.459.10 Average Loss-2.55-4.08-5.71-7.81-7.66-7.12-8.71-7.16-6.37 Best Period7.7914.1325.9432.2433.1139.3827.7334.2923.44 Worst Period-9.56-13.43-14.74-19.92-23.71-17.45-19.07-15.73-15.33 Standard Deviation3.045.197.5811.3812.8011.989.9912.259.28 Gain Standard Deviation1.633.104.716.949.379.336.489.236.30 Loss Standard Deviation2.233.083.574.495.474.075.604.284.46 Sharpe Ratio (1%)0.040.060.060.090.100.100.05-0.07-0.11 Average Gain / Average Loss0.881.051.211.491.661.650.971.741.43 Profit / Loss Ratio1.181.301.341.521.752.012.421.952.97 Downside Deviation (10%)2.414.106.159.5911.5712.3615.6421.9325.29 Downside Deviation (5%)2.243.544.926.957.446.707.008.277.14 Downside Deviation (0%)2.203.414.626.336.555.495.525.714.40 Sortino Ratio (10%)-0.09-0.17-0.25-0.31-0.42-0.57-0.78-0.84-0.93 Sortino Ratio (5%)0.050.080.090.150.170.180.07-0.10-0.14 Sortino Ratio (0%)0.090.160.200.320.420.590.640.560.93 Top Performer Badges Index Award Type Rank Performance Period Discretionary Trader Index Month 7 5.21 6/2014 Discretionary Trader Index Month 10 5.25 5/2014 Discretionary Trader Index Month 6 4.89 3/2014 Diversified Trader Index Month 9 4.89 3/2014 Discretionary Trader Index Month 4 7.79 11/2013 Systematic Trader Index Month 8 4.18 10/2012 Discretionary Trader Index Month 10 4.18 10/2012 Systematic Trader Index Month 9 4.48 6/2009 Diversified Trader Index Month 10 4.48 6/2009 Discretionary Trader Index Month 6 4.11 1/2009 Discretionary Trader Index Month 8 4.03 7/2008 Diversified Trader Index Month 10 4.03 7/2008 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