fin 340 powerpoint presntation

Sean McCormickRyan Tamashiro

Ashley Tran

Titan Funds

Overview

1.Directive2.Performance3.Economic Outlook/ Portfolio Strategy4.Risk Management5.Conclusion and “Take Aways”

Directive

Performance

Performance Overview

$339.30 (+.34%)

Portfolio MetricsTitan Funds S&P 500

Beta:

HPR:

Avg. Daily Return:

Daily STDEV:

Daily Sharpe Ratio:

Annualized Sharpe Ratio:

.34%.25

.01%

.31%.02.32

15.53%.19%.67%.29

4.60

Management MetricsTitan Funds

Alpha:

P-Value:

R Square:

Daily Sharpe Ratio:

.31-.0154

.30

.02

Performance Charts

Series 1 – Titan FundsSeries 2 – S&P 500

Portfolio Strategy

Strategies1.Cyclical Sector Strategy2.Bearish U.S. Treasuries3.USD vs. Euro4.Bullish Eurozone5.Oil Play

Cyclical Sector Strategy- Pairs Trading Strategy

- Technology/Financial Outperform

- Market/Economic Cycle- Sector Rotation

#1Strategy:Long: Nasdaq 100 (QQQ)Long: Financial Sector (XLF)

Short: SP500 (SPY)

Bearish U.S. Treasury #2- Improving economic conditions- Fed raising interest rates- Inverse yield/price relationship- High convexity on 20 year

STRATEGY:SHORT: U.S TREASURIES (TLT)

USD vs. Euro #3- ECB negative interest rates- ECB increased asset purchases- Rising U.S. interest rates- USD appreciate vs. Euro

Strategy:Long: U.S. Dollar (UUP)

Short: Euro (FXE)

Bullish Eurozone- Aggressive monetary policies

- Stimulate Spending- Increase Exports

- Lower oil prices- Increased government spending

Strategy:Long: Eurozone (IEV)

#4

Bearish Oil- Negative Supply Pressures

- Negative Demand Pressures

- Iran- O.P.E.C.

- China Slowing- Eurozone Recession

#5Strategy:Long: Exxon Mobile (XOM)

Short: Oil (USO)

Risk Management- Diversification of Strategies

- Asset allocation- Correlation of assets

- 10% Stop loss on all positions- Reduce Basis through DCA

Conclusions