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!
Open Positions | ||||
Company | Price | Div | EOY | Return |
Kingboard Copper Foil Holdings Ltd | 0.1807 | 0.2 | 11% | |
NICHIWA SANGYO CO., LTD. | 235 | 252 | 7% | |
MultiClient Geophysical | 0.7 | 0.74 | 6% | |
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% | |
Tiemco Limited | 577 | 517 | -10% | |
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% |
Swing Media | 0.856 | 0.61 | -29% | |
Boom Logistics Limited | 0.13 | 0.092 | -29% | |
Closed Positions | ||||
Company | Entered | Div | Exited | Return |
HXTL | 1.38 | 3.05 | 121% |
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