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Strategy Name Dobermans of the Dow
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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: 1/1/2022 - 12/31/2022
The backtester displays results for the current year only. Please sign up to view the full report.
 Results 
Total Profit: $-1,631   Total Trades: 10  
Capital Growth:-16.3%   Profit Trades, % of Total:30%  
Profit Factor: [?] 0.10  Avg Trade Duration, days:190  
Payoff Ratio: [?] 0.24   Avg Profit per Trade:-17.5%  
Max Drawdown:21%   Avg Profit per Day:-0.092%  
Max Drawdown, $: 2,193   Avg Market Impact: [?]
Minor  
 
Restoration Factor: [?] -0.74   Overall Viability Score: [?]
1 / 10
 
Avg Annual Return: -16.3%  
 Equity Graph 
 Performance 
Year S&P 500 Equity JanFeb MarAprMay JunJulAug SepOctNov Dec
2022 -24.77 -16.31 -1.19 -1.46 3.10 -3.80 1.74 -8.76 1.83 -4.23 -8.33 4.45
     
Performed Trades: All  
 Symbol Entry Date Entry Price, $ Exit Date Exit Price, $ Shares Profit, $  Exit On  MI [?]
 UNH 01/07/2022 458.60 10/05/2022 527.07 2 134.90  Period End Minor
 TRV 01/03/2022 155.75 10/05/2022 160.54 6 26.83  Period End Minor
 IBM 01/03/2022 136.04 10/05/2022 125.74 7 -73.90  Period End Minor
 DOW 01/03/2022 56.87 10/05/2022 46.06 17 -185.43  Period End Minor
 WBA 01/03/2022 53.06 10/05/2022 33.16 18 -359.57  Period End Minor
 AXP 01/03/2022 167.79 10/05/2022 144.37 5 -118.60  Period End Minor
 INTC 01/03/2022 52.81 10/05/2022 27.64 18 -454.28  Period End Minor
 MMM 01/03/2022 177.74 10/05/2022 115.17 5 -314.16  Period End Minor
 AMGN 01/03/2022 226.69 10/05/2022 233.82 4 26.66  Period End Minor
 CSCO 01/03/2022 62.79 10/05/2022 41.99 15 -313.42  Period End Minor

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.



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