Strategy Tester

Strategy Name

Dobermans of the Dow

This strategy is a slightly modified version of the 'Dobermans of the Dow' strategy introduced by Michael Cannivet in Forbes magazine in 2019. Unlike the original strategy, we do not rank the components of the DJIA index by ROE (Return On Equity) and FCF (Free Cash Flow), but set the filtering criteria so that the stocks have ROE and FCF above the threshold values. Next, we rank the selected stocks by FCF in descending order and take the top ten. To do this, we use the 'Prioritize Stocks by' parameter and limit the portfolio size to 10 positions. Conditions for closing a position are not set, but the portfolio is rebalanced annually.

Type of Positions

Long

Position Opening

Criteria for Opening a Position:	index(dow) and roe > 10 and fcf_yield > 5

Prioritize Stocks by [?]	Highest FCF Yield

Order Execution Model:	Close Prices

Backtest Parameters

Initial Capital:	$10,000
Capital at Risk:	10% per trade
Portfolio Max Size:	10 positions
Comm. per Trade:	0.05%
Avg Bid-Ask Spread:	0.1%

Close position at the end of:	Year
Period:	1/1/2023 - 12/31/2023

The backtester displays results for the current year only. Please sign up to view the full report.

Results

Total Profit:

$-352

Total Trades:

Capital Growth:

-3.52%

Profit Trades, % of Total:

50%

Profit Factor: [?]

0.51

Avg Trade Duration, days:

186

Payoff Ratio: [?]

0.51

Avg Profit per Trade:

-3.29%

Max Drawdown:

10%

Avg Profit per Day:

-0.018%

Max Drawdown, $:

1,056

Avg Market Impact: [?]

Minor

Restoration Factor: [?]

-0.33

Overall Viability Score: [?]

1 / 10

Avg Annual Return:

-3.52%

CAGR: [?]

Equity Graph

Performance

Year	S&P 500	Equity	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2023	11.68	-3.52	5.00	-3.04	-1.90	0.68	-5.60	3.94	2.67	-1.77	-3.05

Performed Trades:

All

Symbol	Entry Date	Entry Price, $	Exit Date	Exit Price, $	Shares	Profit, $	Exit On	MI [?]
GS	01/03/2023	338.34	09/29/2023	323.57	2	-30.85	Period End
JPM	01/03/2023	132.18	09/29/2023	145.02	7	87.89	Period End
TRV	01/03/2023	183.93	09/29/2023	163.31	5	-104.78	Period End
DOW	01/03/2023	49.09	09/29/2023	51.56	21	49.73	Period End
AXP	01/03/2023	145.57	09/29/2023	149.19	7	23.26	Period End
CVX	01/03/2023	169.17	09/29/2023	168.62	6	-5.33	Period End
WBA	01/03/2023	35.52	09/29/2023	22.24	31	-413.26	Period End
CSCO	01/03/2023	46.85	09/29/2023	53.76	23	156.54	Period End
VZ	01/03/2023	38.17	09/29/2023	32.41	29	-169.00	Period End
AMGN	01/03/2023	254.87	09/29/2023	268.76	4	53.44	Period End

Backtesting Results Disclaimer
Past hypothetical backtest results are neither an indicator nor a guarantee of future returns. Actual results may vary from the analysis. Hypothetical performance results have many inherent limitations and cannot fully account for market factors such as bid-ask spread, slippage, and commission costs. There are numerous other factors related to the markets, which cannot be fully accounted for in the backtesting algorithm, but all of which can adversely affect actual trading results.