HPX Financial LLC : HPX Ag Program

archived programsClosed to new investments
Year-to-Date
N / A
Feb Performance
0.03%
Min Investment
$ 100k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
5.47%
Sharpe (RFR=1%)
1.36
CAROR
8.58%
Assets
$ 48.0M
Worst DD
-4.92
S&P Correlation
0.11

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 Feb Qtr YTD 1yr 3yr 5yr 10yr Since
11/2011
HPX Ag Program 0.03 0.03 - -4.43 18.00 - - 42.87
S&P 500 -0.41 -7.12 - -8.19 27.57 - - 65.18
+/- S&P 500 0.44 7.15 - 3.75 -9.56 - - -22.30

Strategy Description

Summary

The Program seeks to achieve significant profits across a broad variety of market conditions (both bull and bear markets, and inflationary and deflationary environments). To achieve the objectives, the Program involve speculating in futures contracts on grains, hogs, and cattle, as... Read More

Account & Fees

Type
Managed Account
Minimum Investment
$ 100k
Trading Level Incremental Increase
$ 100k
CTA Max Funding Factor
2.00
Management Fee
2.00%
Performance Fee
20.00%
Average Commission
$12.00
Available to US Investors
Yes

Subscriptions

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

Trading

Trading Frequency
1500 RT/YR/$M
Avg. Margin-to-Equity
0%
Targeted Worst DD
Worst Peak-to-Trough
Sector Focus
Agricultural Traders

Holding Periods

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

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Fundamental
80.00%
Technical
20.00%
Strategy Pie Chart

Composition

Livestock
100.00%
Composition Pie Chart

Summary

The Program seeks to achieve significant profits across a broad variety of market conditions (both bull and bear markets, and inflationary and deflationary environments). To achieve the objectives, the Program involve speculating in futures contracts on grains, hogs, and cattle, as well as any other agricultural futures or options contracts.

The Programs are entirely discretionary, meaning that the Advisor does not employ or observe automated, pre-defined, or mechanical rules to select markets, determine position sizing, identify or select trades, and/or employ risk management techniques, if any. The discretionary nature of the Programs enables the Advisor to draw on Mr. Paffenroth’s past trading experience, and intuition about the markets, in all aspects of the Programs’ implementation. Given the depth and breadth of Mr. Paffenroth’s trading experience, the Advisor believes this discretionary methodology provides a significant advantage over a mechanical, rules-based trading approach. However, there is no assurance that the use of such significant discretion will ultimately prove beneficial, because a rules-based approach might prevent a wide array of cognitive biases from detrimentally affecting performance.

   

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

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
-4.92 6 - 7/1/2015 1/1/2016
-1.76 4 4 11/1/2014 3/1/2015
-1.74 1 1 7/1/2014 8/1/2014
-1.72 3 1 9/1/2013 12/1/2013
-1.02 1 1 3/1/2012 4/1/2012
-0.27 1 1 6/1/2013 7/1/2013
-0.11 1 1 11/1/2012 12/1/2012
-0.04 1 1 3/1/2013 4/1/2013
Show More

Consecutive Gains

Run-up Length (Mos.) Start End
20.50 7 1/1/2014 7/1/2014
10.55 5 11/1/2011 3/1/2012
8.81 7 5/1/2012 11/1/2012
3.49 3 9/1/2014 11/1/2014
1.98 2 8/1/2013 9/1/2013
1.85 3 1/1/2013 3/1/2013
1.69 1 7/1/2015 7/1/2015
1.43 1 4/1/2015 4/1/2015
1.18 2 5/1/2013 6/1/2013
0.18 1 1/1/2015 1/1/2015
0.03 1 2/1/2016 2/1/2016
Show More

Consecutive Losses

Run-up Length (Mos.) Start End
-4.92 6 8/1/2015 1/1/2016
-1.74 1 8/1/2014 8/1/2014
-1.72 3 10/1/2013 12/1/2013
-1.26 2 2/1/2015 3/1/2015
-1.19 2 5/1/2015 6/1/2015
-1.02 1 4/1/2012 4/1/2012
-0.69 1 12/1/2014 12/1/2014
-0.27 1 7/1/2013 7/1/2013
-0.11 1 12/1/2012 12/1/2012
-0.04 1 4/1/2013 4/1/2013
Show More

Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year
Number of Periods52.0050.0047.0041.0035.0029.0017.00
Percent Profitable63.4674.0076.6085.3791.43100.00100.00
Average Period Return0.702.094.179.0714.9321.6231.29
Average Gain1.503.286.1411.3016.5121.6231.29
Average Loss-0.69-1.30-2.28-3.94-2.02
Best Period5.0810.5918.7021.6923.8827.4849.77
Worst Period-3.81-4.25-4.92-4.31-3.208.3519.05
Standard Deviation1.583.215.427.957.724.6710.08
Gain Standard Deviation1.322.774.546.275.914.6710.08
Loss Standard Deviation0.871.451.800.411.02
Sharpe Ratio (1%)0.390.570.681.011.744.202.80
Average Gain / Average Loss2.192.512.702.878.17
Profit / Loss Ratio3.807.168.8316.7387.12
Downside Deviation (10%)0.841.512.483.532.990.35
Downside Deviation (5%)0.691.061.581.901.06
Downside Deviation (0%)0.660.971.381.510.64
Sortino Ratio (10%)0.350.570.691.152.4532.28
Sortino Ratio (5%)0.891.732.334.2612.66
Sortino Ratio (0%)1.062.153.035.9923.32

Top Performer Badges

Index Award Type Rank Performance Period
Agricultural Trader Index Month 6 1.43 4/2015
Agricultural Trader Index Month 8 -0.20 2/2015
IASG CTA Index Sharpe 4 2.21 2013 - 2014
Agricultural Trader Index Month 6 0.47 10/2014
Agricultural Trader Index Month 7 3.99 6/2014
Agricultural Trader Index Month 9 1.74 5/2014
Agricultural Trader Index Month 5 1.45 4/2014
Agricultural Trader Index Month 2 2.70 3/2014
Agricultural Trader Index Month 2 5.08 2/2014
Discretionary Trader Index Month 8 5.08 2/2014
Agricultural Trader Index Month 4 2.48 1/2014
IASG CTA Index Sharpe 7 1.92 2012 - 2013
Agricultural Trader Index Month 7 1.46 8/2013
Agricultural Trader Index Month 8 0.26 5/2013
Agricultural Trader Index Month 3 0.93 3/2013
IASG CTA Index Sharpe 5 2.74 2011 - 2012
Agricultural Trader Index Month 9 0.11 11/2012
Agricultural Trader Index Month 6 2.09 9/2012
Agricultural Trader Index Month 7 1.37 5/2012
Agricultural Trader Index Month 9 2.16 3/2012
Agricultural Trader Index Month 6 1.66 2/2012
Agricultural Trader Index Month 10 0.72 1/2012
IASG CTA Index Sharpe 7 3.44 2010 - 2011
Agricultural Trader Index Month 3 4.77 12/2011

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