Pango Capital : Razor Scalp

archived programs
Year-to-Date
N / A
Dec Performance
0.47%
Min Investment
$ 150k
Mgmt. Fee
2.00%
Perf. Fee
15.00%
Annualized Vol
18.20%
Sharpe (RFR=1%)
1.92
CAROR
-
Assets
$ 135k
Worst DD
-4.46
S&P Correlation
-0.08

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 Dec Qtr YTD 1yr 3yr 5yr 10yr Since
9/2011
Razor Scalp 0.47 - - - - - - 57.38
S&P 500 0.71 - - - - - - 206.20
+/- S&P 500 -0.24 - - - - - - -148.82

Strategy Description

Summary

Pango Capital is a Commodities Trading Adviser (CTA) registered with the Commodities Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA: #0434984). Pango Capital specializes in opening and maintaining Managed Currency Accounts for its clients.... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 150k
Trading Level Incremental Increase $ 10k
CTA Max Funding Factor
Management Fee 2.00%
Performance Fee 15.00%
Average Commission $3.00
Available to US Investors Yes

Subscriptions

High Water Mark Yes
Subscription Frequency Daily
Redemption Frequency 1-7 Days
Investor Requirements Any Investor
Lock-up Period 0

Trading

Trading Frequency 1200 RT/YR/$M
Avg. Margin-to-Equity 30%
Targeted Worst DD -20.00%
Worst Peak-to-Trough 11.00%
Sector Focus Currency Traders

Holding Periods

Over 12 Months 0%
4-12 Months 0%
1-3 Months 0%
1-30 Days 0%
Intraday 100.00%

Decision-Making

Discretionary
Systematic 100.00%

Strategy

Counter-trend
25.00%
Momentum
25.00%
Pattern Recognition
25.00%
Technical
25.00%
Strategy Pie Chart

Composition

Currency FX
100.00%
Composition Pie Chart

Summary

Pango Capital is a Commodities Trading Adviser (CTA) registered with the Commodities Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA: #0434984). Pango Capital specializes in opening and maintaining Managed Currency Accounts for its clients. Pango Capital uses an innovative method trading “Mirco-Corrections” to manage its clients assets and give them exposure to the alternative investment class of Foreign Exchange (Forex).

Investment Strategy

The strategy that Pango Capital employs to manage its accounts with its “Razor Scalp Program” is one of “Micro-Corrections”. These micro corrections are small market moves used to adjust or “Correct” the price after a larger moves. While the market is moved by irrational exuberance, a micro correction strategy believes that prices in such conditions are unsustainable and will correct in the near term. Unlike a traditional trending strategy, micro-corrections doesn’t look to predict the long term prices of the market but to capitalize on these short periods of volatility.

Risk Management

Dynamic Stop Losses: Stop loss moves with market to mitigate the effects of market reversals and lock in profit where possible Timed Position Exits: Positions exit based on time if Take Profit isn't achieved to mitigate risk Dynamic position Sizing- Position sizes based on "At-Risk" equity amount to smooth out equity curve.

   

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
-4.46 2 1 6/1/2012 8/1/2012
-3.72 2 - 9/1/2012 11/1/2012
-2.10 1 1 12/1/2011 1/1/2012
-1.98 1 1 10/1/2011 11/1/2011
-0.45 1 1 2/1/2012 3/1/2012
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Consecutive Gains

Run-up Length (Mos.) Start End
22.85 3 4/1/2012 6/1/2012
18.17 2 9/1/2011 10/1/2011
8.41 1 2/1/2012 2/1/2012
6.62 1 9/1/2012 9/1/2012
6.23 1 12/1/2011 12/1/2011
0.47 1 12/1/2012 12/1/2012
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Consecutive Losses

Run-up Length (Mos.) Start End
-4.46 2 7/1/2012 8/1/2012
-3.72 2 10/1/2012 11/1/2012
-2.10 1 1/1/2012 1/1/2012
-1.98 1 11/1/2011 11/1/2011
-0.45 1 3/1/2012 3/1/2012
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Time Windows Analysis

 1 Month3 Month6 Month
Number of Periods16.0014.0011.00
Percent Profitable56.2592.8690.91
Average Period Return3.008.3919.48
Average Gain6.759.2921.58
Average Loss-1.83-3.27-1.46
Best Period12.5422.8530.78
Worst Period-3.14-3.27-1.46
Standard Deviation5.257.299.91
Gain Standard Deviation3.876.737.46
Loss Standard Deviation0.89
Sharpe Ratio (1%)0.561.121.91
Average Gain / Average Loss3.702.8414.78
Profit / Loss Ratio4.7536.96147.83
Downside Deviation (10%)1.571.201.18
Downside Deviation (5%)1.370.940.59
Downside Deviation (0%)1.320.870.44
Sortino Ratio (10%)1.655.9614.36
Sortino Ratio (5%)2.128.6632.15
Sortino Ratio (0%)2.269.6144.27

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.