Panacea Capital : Ag Elixir Program

archived programs
Year-to-Date
N / A
Aug Performance
1.44%
Min Investment
$ 10k
Mgmt. Fee
3.00%
Perf. Fee
25.00%
Annualized Vol
30.83%
Sharpe (RFR=1%)
2.79
CAROR
-
Assets
$ 160k
Worst DD
-9.02
S&P Correlation
-0.26

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
11/2007
Ag Elixir Program 1.44 - - - - - - 95.36
S&P 500 1.22 - - - - - - 133.88
+/- S&P 500 0.22 - - - - - - -38.53

Strategy Description

Summary

-Panacea Capital Management ? Ag Elixir Program (Brief Description of Trading Methodology)The Agricultural Sector Specific Trading Program of Panacea Capital Management (PCM) utilizes a short options strategy, primarily US Exchange traded livestock futures and options. A short options... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 10k
Trading Level Incremental Increase $ 0k
CTA Max Funding Factor
Management Fee 3.00%
Performance Fee 25.00%
Average Commission $15.00
Available to US Investors Yes

Subscriptions

High Water Mark No
Subscription Frequency
Redemption Frequency
Investor Requirements
Lock-up Period 0

Trading

Trading Frequency 2000 RT/YR/$M
Avg. Margin-to-Equity 40%
Targeted Worst DD
Worst Peak-to-Trough 0%
Sector Focus Not Specified

Holding Periods

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

Decision-Making

Discretionary 0%
Systematic 0%

Strategy

Summary

-Panacea Capital Management ? Ag Elixir Program (Brief Description of Trading Methodology)The Agricultural Sector Specific Trading Program of Panacea Capital Management (PCM) utilizes a short options strategy, primarily US Exchange traded livestock futures and options. A short options strategy consists of selling (going short) an out of the money call option, above the current futures price, while simultaneously selling (going short) an out of the money put option, below the current futures price, effectively bracketing the market. The intent being that the short options will expire with the underlying futures price falling between the short option strike prices.&Selling ?naked? options, i.e. going short an option without an accompanying futures position, entails unlimited risk exposure. Specifically, should the counterparty purchaser of an option exercise that option, the seller of that option is assigned a futures position, with the attendant unlimited risk. PCM?s Trading Strategy is to actively manage that risk exposure through constant monitoring of futures market price and direction, and the use of protective futures hedges, when needed. The primary indication of the need to initiate a protective futures hedge is an underlying futures price at or beyond either the short call or short put strike price. Should a protective futures hedge or hedges need to be enacted, the effect is that the risk exposure is limited to the difference between the price at which the futures were initiated and the strike price of the short option. This is a cost, which both reduces, and protects potential profits. The goal of PCM?s Trading Strategy is to collect as much premium as possible, and then retain as much as possible of that premium as profits for clients.  PAST PERFORMANCE IS NOT INDIACTIVE OF FUTURE RESULTS.  THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL AND IS NOT FOR EVERYONE.&

   

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
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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
-9.02 1 1 3/1/2008 4/1/2008
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Consecutive Gains

Run-up Length (Mos.) Start End
51.30 4 5/1/2008 8/1/2008
41.92 5 11/1/2007 3/1/2008
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Consecutive Losses

Run-up Length (Mos.) Start End
-9.02 1 4/1/2008 4/1/2008
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Time Windows Analysis

 1 Month3 Month
Number of Periods10.008.00
Percent Profitable90.0087.50
Average Period Return7.2623.86
Average Gain9.0727.42
Average Loss-9.02-1.07
Best Period19.9949.15
Worst Period-9.02-1.07
Standard Deviation8.9014.68
Gain Standard Deviation7.2311.54
Loss Standard Deviation
Sharpe Ratio (1%)0.811.61
Average Gain / Average Loss1.0125.65
Profit / Loss Ratio9.05179.56
Downside Deviation (10%)2.980.81
Downside Deviation (5%)2.880.47
Downside Deviation (0%)2.850.38
Sortino Ratio (10%)2.3027.88
Sortino Ratio (5%)2.4950.67
Sortino Ratio (0%)2.5563.13

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.