Top And Bottom Performing Stocks For Week #41
Unfortunately I didn’t have a second to post our top and bottom performing symbols over the weekend as I had my hands full migrating some of my strategies and indicators from NinjaTrader 7 to NinjaTrader 8. They changed quite a bit of functionality in this new release plus I am taking this opportunity to do a bit of refactoring, which is fancy engineer speak for cleaning up old spaghetti code. Anyway, better late than never, so let’s get to it.
As you may recall the symbols posted are the result of parsing a database containing over 50 years worth of statistical performance data. The idea is to extract the prospective top ten winners and losers of the coming week purely based on historical statistics. The result is then sorted by liquidity and any symbol that is scheduled to report earnings or pass ex-dividend is being excluded.
How To Trade Along
Although being no guarantor of success, the long and short candidates posted here each week are intended to perform along their respective historical bias. One way of trading along would be to simply create a small one-week portfolio by buying the long candidates and selling the short candidates on Monday morning shortly after the open. There are no official stops or targets and all transactions are reversed Friday afternoon right before the bell.
Results For Week # 40
Long Profits: PG=1.48, PFE=0.98, KO=1.07, XOM=-0.33, MO=-1.37, DWDP=2.87, ABT=3.07, CTL=5.82, AIG=1.42, LLY=1.8
Long Profits Total: 16.81
Short Profits: MU=-0.86, AMD=-3.76, GILD=-1.38, USB=-1.1, COG=3.89, XRX=1.11, AXP=-1.2, XLNX=-1.67, STT=-3.41, UDR=-0.34
Short Profits Total: -8.72
Combined Profits Total: 8.09
The shorts didn’t perform as hoped but fortunately the long side this week was sufficiently populated to pull us into the plus.