“The way to outperform over the long-term is to effectively hedge the downside risk in volatile market conditions, which then provides the differential advantage of not always being required to outperform in calmer market conditions.” Z-alpha circa, 1995
It is all-important to carefully examine how market indicators function in a spectrum of market conditions. The effectiveness over several complete market cycles is the criterion by which a consistent and recurring characteristic is likely to be repeated. Many evaluate their annual performance against the S&P 500® composite index; by contrast, we prefer to draw upon our 35-year average annual result, currently marking 22.40% as a more rigorous benchmark for performance assessment.
Performance figures (Unaudited) are clear-cut by using the S&P 500® cash index value when the Z-alpha Signal™ changes status in – real-time – and represents the mathematical computation of this process. The performance figures do not represent proceeds from dividend reinvestment or the use of margin to create leverage.
The compilation of Z-alpha Signals, consisting of 715 entries from 1990 to 2024, has been archived. This archive will be available for future use as necessary.
- For the (35) years that ended on December 31, 2024, the Z-alpha Signal™ has an average annual result of 22.40%.
- Current results can fluctuate widely and may be lower or higher than the performance YTD data cited.
- Reported Date: January 14, 2025 | Z-alpha Signal™ YTD: -0.33%
| 2024 | 2023 | 2022 | 2021 | 2020 | ||||||
| 5-Year Avg: 11.31% | 11.66% | 17.53% | -12.19% | 19.86% | 19.68% | |||||
| 2019 | 2018 | 2017 | 2016 | 2015 | ||||||
| 5-Year Avg: 25.52% | 23.29% | 47.68% | 18.13% | 23.78% | 14.72% | |||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||
| 5-Year Avg: 26.26% | 25.54% | 31.28% | 15.18% | 23.69% | 35.61% | |||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||
| 5-Year Avg: 18.65% | 45.07% | 12.87% | 9.80% | 10.18% | 15.35% | |||||
| 2004 | 2003 | 2002 | 2001 | 2000 | ||||||
| 5-Year Avg: 28.72% | 22.84% | 27.84% | 37.72% | 30.76% | 24.44% | |||||
| 1999 | 1998 | 1997 | 1996 | 1995 | ||||||
| 5-Year Avg: 29.12% | 20.59% | 49.28% | 32.52% | 24.03% | 19.17% | |||||
| 1994 | 1993 | 1992 | 1991 | 1990 | ||||||
| 5-Year Avg: 17.19% | 10.30% | 9.17% | 11.27% | 34.55% | 20.68% | |||||