Kazmarck Capital LLC : The Opportunities Program

Year-to-Date
9.43%
Oct Performance
3.06%
Min Investment
$ 100k
Mgmt. Fee
0%
Perf. Fee
20.00%
Annualized Vol
12.46%
Sharpe (RFR=1%)
0.96
CAROR
12.95%
Assets
$ 731k
Worst DD
-6.62
S&P Correlation
-0.29

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 Oct Qtr YTD 1yr 3yr 5yr 10yr Since
9/2016
The Opportunities Program 3.06 1.91 9.43 5.74 44.83 - - 47.05
S&P 500 2.04 1.92 21.16 12.01 41.41 - - 38.67
+/- S&P 500 1.02 -0.01 -11.73 -6.26 3.42 - - 8.38

Strategy Description

Summary

The Opportunities Program is an absolute return, 100% discretionary, Global Macro Absolute Return strategy that aims to generate uncorrelated, above average, risk-adjusted returns by utilizing a combination of fundamental, technical, sentiment, and price action analysis.

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Account & Fees

Type
Managed Account
Minimum Investment
$ 100k
Trading Level Incremental Increase
$ 100k
CTA Max Funding Factor
2.00
Management Fee
0%
Performance Fee
20.00%
Average Commission
$5.00
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
1650 RT/YR/$M
Avg. Margin-to-Equity
16%
Targeted Worst DD
-10.00%
Worst Peak-to-Trough
6.60%
Sector Focus
Diversified Traders

Holding Periods

Over 12 Months
0%
4-12 Months
0%
1-3 Months
9.00%
1-30 Days
71.00%
Intraday
20.00%

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Counter-trend
5.00%
Fundamental
15.00%
Momentum
15.00%
Option-writing
15.00%
Pattern Recognition
10.00%
Spreading/hedging
5.00%
Technical
15.00%
Trend-following
15.00%
Other
5.00%
Strategy Pie Chart

Composition

Currency Futures
42.00%
Energy
26.00%
Stock Indices
23.00%
Precious Metals
6.00%
Grains
1.00%
Livestock
1.00%
Softs
1.00%
Composition Pie Chart

Summary

The Opportunities Program is an absolute return, 100% discretionary, Global Macro Absolute Return strategy that aims to generate uncorrelated, above average, risk-adjusted returns by utilizing a combination of fundamental, technical, sentiment, and price action analysis.

Investment Strategy

The Opportunities Program trades futures and options on futures in various markets such as precious metals, energy, fx, and global indices by using a combination of fundamental, technical, and sentiment analysis on multiple time frames. Up to 50% of clients’ money may be invested in margin with an average margin to equity ratio of 20%. The program takes long, short, and spread positions depending on the situation and scenario analysis, as well as writing (selling) of naked and covered options. At times, the program may buy options. The strategy may be concentrated in one or several instruments at any given time. The methodology of trading is based on the manager's understanding of underlying fundamental drivers as well as conducting technical, price action and market/sentiment analysis.

Risk Management

Risk management is at the discretion of the manager. Several tools are applied to manage portfolio risk such as utilizing hard stops at all times as well as maintaining a low average margin-to-equity ratio of 15%.

   

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
-6.62 1 4 1/1/2017 2/1/2017
-5.32 3 2 8/1/2017 11/1/2017
-5.16 1 4 3/1/2019 4/1/2019
-5.12 1 - 8/1/2019 9/1/2019
-4.72 1 2 10/1/2018 11/1/2018
-4.67 3 1 6/1/2018 9/1/2018
-2.56 1 1 1/1/0001 9/1/2016
-1.74 1 1 6/1/2017 7/1/2017
-1.11 1 2 10/1/2016 11/1/2016
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Consecutive Gains

Run-up Length (Mos.) Start End
33.49 7 12/1/2017 6/1/2018
9.84 4 12/1/2018 3/1/2019
6.57 1 3/1/2017 3/1/2017
6.42 1 8/1/2017 8/1/2017
5.42 1 10/1/2018 10/1/2018
4.69 2 7/1/2019 8/1/2019
4.45 1 5/1/2019 5/1/2019
4.20 1 10/1/2016 10/1/2016
3.06 1 10/1/2019 10/1/2019
2.90 2 12/1/2016 1/1/2017
2.45 2 5/1/2017 6/1/2017
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Consecutive Losses

Run-up Length (Mos.) Start End
-6.62 1 2/1/2017 2/1/2017
-5.32 3 9/1/2017 11/1/2017
-5.16 1 4/1/2019 4/1/2019
-5.12 1 9/1/2019 9/1/2019
-4.72 1 11/1/2018 11/1/2018
-4.67 3 7/1/2018 9/1/2018
-2.56 1 9/1/2016 9/1/2016
-1.74 1 7/1/2017 7/1/2017
-1.11 1 11/1/2016 11/1/2016
-0.61 1 4/1/2017 4/1/2017
-0.36 1 6/1/2019 6/1/2019
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year
Number of Periods38.0036.0033.0027.0021.0015.00
Percent Profitable60.5372.2284.85100.00100.00100.00
Average Period Return1.083.417.2216.8130.2237.74
Average Gain3.455.548.8616.8130.2237.74
Average Loss-2.54-2.13-1.91
Best Period7.2815.8330.7233.5439.0849.82
Worst Period-6.62-5.32-3.522.5714.2831.96
Standard Deviation3.605.428.4510.417.124.54
Gain Standard Deviation2.124.778.1310.417.124.54
Loss Standard Deviation1.971.931.33
Sharpe Ratio (1%)0.280.580.801.524.037.86
Average Gain / Average Loss1.362.604.64
Profit / Loss Ratio2.086.7725.99
Downside Deviation (10%)2.212.021.880.62
Downside Deviation (5%)2.041.581.05
Downside Deviation (0%)2.001.480.88
Sortino Ratio (10%)0.311.082.5418.97
Sortino Ratio (5%)0.492.006.43
Sortino Ratio (0%)0.542.308.25

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.