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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: 1/1/2023 - 12/31/2023
The backtester displays results for the current year only. Please sign up to view the full report.
 Results 
Total Profit: $337   Total Trades: 10  
Capital Growth:3.37%   Profit Trades, % of Total:70%  
Profit Factor: [?] 7.54  Avg Trade Duration, days:18  
Payoff Ratio: [?] 3.23   Avg Profit per Trade:3.65%  
Max Drawdown:3%   Avg Profit per Day:0.2%  
Max Drawdown, $: 334   Avg Market Impact: [?]
Minor  
 
Restoration Factor: [?] 1.01   Overall Viability Score: [?]
10 / 10
 
Avg Annual Return: 3.37%  
 Equity Graph 
 Performance 
Year S&P 500 Equity JanFeb MarAprMay JunJulAug SepOctNov Dec
2023 6.02 3.37 3.37
     
Performed Trades: All  
 Symbol Entry Date Entry Price, $ Exit Date Exit Price, $ Shares Profit, $  Exit On  MI [?]
 GS 01/03/2023 346.22 01/30/2023 357.46 2 21.06  Period End Minor
 JPM 01/03/2023 134.13 01/30/2023 139.13 7 33.07  Period End Minor
 TRV 01/03/2023 187.12 01/30/2023 187.91 5 2.07  Period End Minor
 DOW 01/03/2023 51.04 01/30/2023 57.95 19 129.15  Period End Minor
 AXP 01/03/2023 146.61 01/30/2023 172.66 6 154.31  Period End Minor
 CVX 01/03/2023 173.99 01/30/2023 174.20 5 -0.69  Period End Minor
 WBA 01/03/2023 37.19 01/30/2023 36.53 26 -19.07  Period End Minor
 CSCO 01/03/2023 47.56 01/30/2023 48.22 21 11.84  Period End Minor
 VZ 01/03/2023 39.50 01/30/2023 41.05 25 36.72  Period End Minor
 AMGN 01/03/2023 261.65 01/30/2023 251.59 3 -31.70  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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