Schindler Capital Management, LLC : Dairy Advantage Program

Year-to-Date
1.61%
Jan Performance
-1.61%
Min Investment
$ 200k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
60.11%
Sharpe (RFR=1%)
0.75
CAROR
38.90%
Assets
$ 6.8M
Worst DD
-41.49
S&P Correlation
0.15

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 Jan Qtr YTD 1yr 3yr 5yr 10yr Since
8/2005
Dairy Advantage Program -1.61 1.56 -1.61 7.99 33.23 53.11 2,642.17 4,276.99
S&P 500 1.79 7.18 1.79 17.45 27.84 73.64 58.42 86.71
+/- S&P 500 -3.40 -5.62 -3.40 -9.46 5.39 -20.53 2,583.75 4,190.28

Strategy Description

Summary

The Advisor focuses on fundamental analysis of supply and demand to predict future Class III milk prices. In addition to USDA and NASS weekly and monthly reports, the Advisor has developed a network of individual dairy farmers across the country, commercial cheese operations and pit... Read More

Account & Fees

Type
Managed Account
Minimum Investment
$ 200k
Trading Level Incremental Increase
$ 100k
CTA Max Funding Factor
Management Fee
2.00%
Performance Fee
20.00%
Average Commission
$50.00
Available to US Investors
Yes

Subscriptions

High Water Mark
Yes
Subscription Frequency
Daily
Redemption Frequency
15-30 Days
Investor Requirements
Any Investor
Lock-up Period
0

Trading

Trading Frequency
250 RT/YR/$M
Avg. Margin-to-Equity
15%
Targeted Worst DD
N/A
Worst Peak-to-Trough
-41.49%
Sector Focus
Agricultural Traders

Holding Periods

Over 12 Months
0%
4-12 Months
20.00%
1-3 Months
40.00%
1-30 Days
40.00%
Intraday
0%

Decision-Making

Discretionary
100.00%
Systematic
0%

Strategy

Fundamental
100.00%
Strategy Pie Chart

Composition

Other
100.00%
Composition Pie Chart

Summary

The Advisor focuses on fundamental analysis of supply and demand to predict future Class III milk prices. In addition to USDA and NASS weekly and monthly reports, the Advisor has developed a network of individual dairy farmers across the country, commercial cheese operations and pit traders that help him come up with his bias on the market.

Investment Strategy

The Advisor focuses on factors that affect the supply and demand of a particular commodity which are examined in order to predict future prices. For example, some of the fundamental factors affecting the supply of Class III milk include, milk production statistics, dairy cow slaughter numbers, cost of feed and weather. Fundamental factors affecting demand include commercial disappearance of dairy end-products, dairy exports, historic and seasonal patterns, and general U.S. and world economic conditions. In addition to USDA and NASS weekly and monthly reports, the Advisor has developed a network of individual dairy farmers across the country, commercial cheese operations and pit traders that help him come up with his bias on the market. Trade volume is expected to be quite low, since this is a trend-following approach. Positions are typically held several days, and even weeks to months are not uncommon. However, there may be times when trade volume increases for short periods, such as when positions are exited or reversed due to a sudden change in the trend.

   

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
-41.49 7 11 11/1/2009 6/1/2010
-26.21 4 3 1/1/0001 11/1/2005
-26.00 1 1 2/1/2008 3/1/2008
-24.20 1 1 6/1/2007 7/1/2007
-23.76 5 2 3/1/2009 8/1/2009
-23.17 13 8 6/1/2012 7/1/2013
-22.43 4 2 6/1/2008 10/1/2008
-17.61 2 9 7/1/2011 9/1/2011
-11.93 7 2 3/1/2006 10/1/2006
-7.88 1 1 5/1/2011 6/1/2011
-7.61 1 1 12/1/2007 1/1/2008
-6.14 1 3 8/1/2007 9/1/2007
-4.27 15 3 12/1/2014 3/1/2016
-1.61 1 - 12/1/2016 1/1/2017
-1.32 3 1 7/1/2016 10/1/2016
-0.70 1 1 1/1/2009 2/1/2009
-0.42 3 1 3/1/2014 6/1/2014
-0.19 1 1 9/1/2014 10/1/2014
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Consecutive Gains

Run-up Length (Mos.) Start End
459.42 8 11/1/2006 6/1/2007
81.78 3 4/1/2008 6/1/2008
80.48 5 1/1/2011 5/1/2011
77.52 1 8/1/2007 8/1/2007
76.75 4 12/1/2005 3/1/2006
63.41 3 11/1/2008 1/1/2009
60.79 3 9/1/2009 11/1/2009
33.75 1 7/1/2011 7/1/2011
20.02 2 12/1/2013 1/1/2014
19.02 3 7/1/2010 9/1/2010
16.32 1 3/1/2009 3/1/2009
15.75 2 5/1/2012 6/1/2012
13.68 1 2/1/2008 2/1/2008
13.64 3 7/1/2014 9/1/2014
13.44 1 12/1/2007 12/1/2007
10.86 1 3/1/2014 3/1/2014
7.63 2 3/1/2010 4/1/2010
7.59 1 10/1/2013 10/1/2013
7.58 2 6/1/2016 7/1/2016
6.89 1 10/1/2011 10/1/2011
6.85 1 6/1/2006 6/1/2006
6.33 1 5/1/2009 5/1/2009
5.40 2 8/1/2012 9/1/2012
4.90 1 7/1/2009 7/1/2009
3.61 1 8/1/2008 8/1/2008
3.57 2 4/1/2013 5/1/2013
3.26 2 1/1/2012 2/1/2012
3.22 2 11/1/2016 12/1/2016
3.20 1 9/1/2005 9/1/2005
3.00 1 10/1/2007 10/1/2007
2.45 2 11/1/2014 12/1/2014
2.05 1 8/1/2013 8/1/2013
1.59 1 4/1/2016 4/1/2016
1.25 2 12/1/2015 1/1/2016
0.77 1 2/1/2013 2/1/2013
0.38 1 8/1/2006 8/1/2006
0.11 1 6/1/2015 6/1/2015
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Consecutive Losses

Run-up Length (Mos.) Start End
-38.48 3 12/1/2009 2/1/2010
-26.00 1 3/1/2008 3/1/2008
-24.20 1 7/1/2007 7/1/2007
-22.09 1 8/1/2009 8/1/2009
-19.48 2 10/1/2005 11/1/2005
-17.61 2 8/1/2011 9/1/2011
-17.09 4 10/1/2012 1/1/2013
-16.84 2 9/1/2008 10/1/2008
-11.63 2 5/1/2010 6/1/2010
-11.41 3 10/1/2010 12/1/2010
-11.20 1 8/1/2005 8/1/2005
-11.08 2 6/1/2013 7/1/2013
-9.97 1 7/1/2008 7/1/2008
-9.33 2 4/1/2006 5/1/2006
-7.88 1 6/1/2011 6/1/2011
-7.84 1 4/1/2009 4/1/2009
-7.61 1 1/1/2008 1/1/2008
-7.50 2 9/1/2006 10/1/2006
-6.14 1 9/1/2007 9/1/2007
-5.16 1 7/1/2012 7/1/2012
-4.81 1 6/1/2009 6/1/2009
-2.56 5 7/1/2015 11/1/2015
-2.16 2 3/1/2012 4/1/2012
-2.10 1 7/1/2006 7/1/2006
-1.86 5 1/1/2015 5/1/2015
-1.61 1 1/1/2017 1/1/2017
-1.45 1 11/1/2007 11/1/2007
-1.44 1 9/1/2013 9/1/2013
-1.40 1 11/1/2013 11/1/2013
-1.32 3 8/1/2016 10/1/2016
-1.25 2 2/1/2016 3/1/2016
-0.80 1 2/1/2014 2/1/2014
-0.70 1 2/1/2009 2/1/2009
-0.42 3 4/1/2014 6/1/2014
-0.26 2 11/1/2011 12/1/2011
-0.19 1 10/1/2014 10/1/2014
-0.17 1 5/1/2016 5/1/2016
-0.12 1 3/1/2013 3/1/2013
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year5 Year
Number of Periods138.00136.00133.00127.00121.00115.00103.0091.0079.00
Percent Profitable51.4564.7169.9274.0282.6493.91100.00100.00100.00
Average Period Return3.8512.9729.6570.63129.81194.32327.67426.59608.39
Average Gain12.0324.6746.2399.35158.98207.30327.67426.59608.39
Average Loss-4.82-8.48-8.91-11.18-9.11-6.01
Best Period138.10274.26419.22627.74903.751151.121894.473111.152528.13
Worst Period-26.00-38.48-40.90-34.73-18.92-21.0811.6915.5334.34
Standard Deviation17.3539.5974.10139.63221.93314.76526.67635.48777.39
Gain Standard Deviation20.2944.7083.18152.21233.96320.56526.67635.48777.39
Loss Standard Deviation6.338.688.9910.245.936.84
Sharpe Ratio (1%)0.220.320.390.500.580.610.620.660.78
Average Gain / Average Loss2.502.915.198.8917.4634.49
Profit / Loss Ratio2.655.3312.0725.3283.14532.18
Downside Deviation (10%)5.697.707.929.747.504.560.400.63
Downside Deviation (5%)5.557.287.098.065.042.53
Downside Deviation (0%)5.517.176.897.674.492.15
Sortino Ratio (10%)0.611.523.436.7416.3040.38776.57641.75
Sortino Ratio (5%)0.681.754.118.6425.4876.09
Sortino Ratio (0%)0.701.814.309.2028.8890.23

Top Performer Badges

Index Award Type Rank Performance Period
Agricultural Trader Index Month 3 1.98 11/2016
Agricultural Trader Index Month 9 1.37 7/2016
Agricultural Trader Index Month 6 6.13 6/2016
Discretionary Trader Index Month 8 6.13 6/2016
Agricultural Trader Index Month 6 1.59 4/2016
Agricultural Trader Index Month 9 0.40 1/2016
Agricultural Trader Index Month 8 0.85 12/2015
IASG CTA Index 5 Year Rolling 3 176.15 2010 - 2015
Agricultural Trader Index Month 6 1.53 12/2014
Agricultural Trader Index Month 6 0.91 11/2014
IASG CTA Index Month 10 10.80 8/2014
Agricultural Trader Index Month 2 10.80 8/2014
Discretionary Trader Index Month 2 10.80 8/2014
Discretionary Trader Index Month 2 10.86 3/2014
Agricultural Trader Index Month 1 10.86 3/2014
IASG CTA Index Month 4 10.86 3/2014
IASG CTA Index Month 1 17.07 1/2014
Discretionary Trader Index Month 1 17.07 1/2014
Agricultural Trader Index Month 1 17.07 1/2014
Agricultural Trader Index Month 5 2.52 12/2013
IASG CTA Index 3 Year Rolling 9 91.97 2010 - 2013
Discretionary Trader Index Month 6 7.59 10/2013
Agricultural Trader Index Month 2 7.59 10/2013
Agricultural Trader Index Month 6 2.05 8/2013
Agricultural Trader Index Month 4 1.42 5/2013
Agricultural Trader Index Month 6 2.12 4/2013
Agricultural Trader Index Month 9 -0.12 3/2013
IASG CTA Index 5 Year Rolling 8 196.87 2007 - 2012
Discretionary Trader Index Month 7 3.67 9/2012
Agricultural Trader Index Month 2 3.67 9/2012
Agricultural Trader Index Month 6 11.92 6/2012
Discretionary Trader Index Month 9 11.92 6/2012
Agricultural Trader Index Month 3 3.42 5/2012
Agricultural Trader Index Month 3 3.14 2/2012
IASG CTA Index Year Rolling 2 95.32 2010 - 2011
IASG CTA Index 5 Year Rolling 2 2,070.97 2006 - 2011
Agricultural Trader Index Month 3 6.89 10/2011
Discretionary Trader Index Month 10 6.89 10/2011
Agricultural Trader Index Month 2 33.75 7/2011
IASG CTA Index Month 2 33.75 7/2011
Discretionary Trader Index Month 2 33.75 7/2011
Agricultural Trader Index Month 1 16.82 5/2011
Discretionary Trader Index Month 3 16.82 5/2011
IASG CTA Index Month 4 16.82 5/2011
Agricultural Trader Index Month 4 6.10 4/2011
Agricultural Trader Index Month 5 5.78 3/2011
Discretionary Trader Index Month 10 5.78 3/2011
Agricultural Trader Index Month 3 20.17 2/2011
Discretionary Trader Index Month 3 20.17 2/2011
IASG CTA Index Month 3 20.17 2/2011
Discretionary Trader Index Month 3 14.55 1/2011
IASG CTA Index Month 4 14.55 1/2011
Agricultural Trader Index Month 1 14.55 1/2011
IASG CTA Index 5 Year Rolling 1 1,857.33 2005 - 2010
Agricultural Trader Index Month 9 6.10 9/2010
Discretionary Trader Index Month 8 6.98 8/2010
Agricultural Trader Index Month 5 6.98 8/2010
Agricultural Trader Index Month 3 4.86 7/2010
Discretionary Trader Index Month 9 4.86 7/2010
Discretionary Trader Index Month 8 4.54 4/2010
Agricultural Trader Index Month 5 4.54 4/2010
Agricultural Trader Index Month 4 2.96 3/2010
IASG CTA Index 3 Year Rolling 1 1,431.79 2006 - 2009
Agricultural Trader Index Month 1 7.98 11/2009
Discretionary Trader Index Month 7 7.98 11/2009
Agricultural Trader Index Month 1 22.54 10/2009
Discretionary Trader Index Month 1 22.54 10/2009
IASG CTA Index Month 1 22.54 10/2009
IASG CTA Index Month 1 21.52 9/2009
Discretionary Trader Index Month 1 21.52 9/2009
Agricultural Trader Index Month 1 21.52 9/2009
Agricultural Trader Index Month 1 4.90 7/2009
Discretionary Trader Index Month 5 4.90 7/2009
Agricultural Trader Index Month 4 6.33 5/2009
Discretionary Trader Index Month 10 6.33 5/2009
Agricultural Trader Index Month 1 16.32 3/2009
IASG CTA Index Month 2 16.32 3/2009
Discretionary Trader Index Month 2 16.32 3/2009
Discretionary Trader Index Month 2 12.34 1/2009
Agricultural Trader Index Month 1 12.34 1/2009
IASG CTA Index Month 6 12.34 1/2009
Discretionary Trader Index Month 1 42.82 12/2008
IASG CTA Index 3 Year Rolling 1 1,894.48 2005 - 2008
IASG CTA Index Month 1 42.82 12/2008
Agricultural Trader Index Month 1 42.82 12/2008
Agricultural Trader Index Month 3 1.85 11/2008
Discretionary Trader Index Month 10 1.85 11/2008
Agricultural Trader Index Month 7 3.61 8/2008
IASG CTA Index Month 3 19.32 6/2008
Agricultural Trader Index Month 1 19.32 6/2008
Discretionary Trader Index Month 2 19.32 6/2008
Agricultural Trader Index Month 2 4.93 5/2008
Discretionary Trader Index Month 8 4.93 5/2008
Agricultural Trader Index Month 1 45.19 4/2008
IASG CTA Index Month 1 45.19 4/2008
Discretionary Trader Index Month 1 45.19 4/2008
Agricultural Trader Index Month 2 13.68 2/2008
Discretionary Trader Index Month 7 13.68 2/2008
IASG CTA Index Month 8 13.44 12/2007
Agricultural Trader Index Month 3 13.44 12/2007

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