I started the “Bargain Hunter”-portfolio at the end of Q1 2015 with a clear idea of buying quantitatively cheap shares.
The average return of the shares was -0.3 %. This is not the same as the portfolio return (which was a tad worse). The absolute return of the portfolio is more difficult to calculate (transaction costs, tax, fx rates etc) and I think – of little value in the first year. Especially given the short holding period for most shares.
So, what does -0.3 % tell me? Well, comparing to some major indices it looks promising. Most major markets have been in decline since Q1, so a break-even result is ok.
Next year is going to be interesting!
|Kingboard Copper Foil Holdings Ltd||0.1807||0.2||11%|
|NICHIWA SANGYO CO., LTD.||235||252||7%|
|KK Chuokeizai-Sha Holdings||418||432||3%|
|EIDAI KAKO CO., LTD||294||301||3%|
|Charle Co Ltd||474||481||1%|
|Renesas Easton Co Ltd||460||458||0%|
|QC Holdings, Inc.||1.67||0.075||1.46||-8%|
|PC Partner Group Ltd||0.752||0.69||-8%|
|I-O DATA DEVICE, INC.||630||13||549||-11%|
|NIPPON ANTENNA CO., LTD||655||576||-12%|
|Oriental Watch Holdings Limited||1.344||0.0035||1.14||-15%|
|Emerson Radio Corp||1.18||0.99||-16%|
|Coventry Group Ltd.||1.454||0.025||1.15||-19%|
|Boom Logistics Limited||0.13||0.092||-29%|