“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 diversity of market conditions. The effectiveness over several complete market cycles is the criterion to which a consistent and recurring characteristic is likely to be repeated. Many compare their annual performance to the S&P 500® composite index, and we do likewise bound by the Z-alpha Signal’s purposely detailed usage. *All 698 prior Z-alpha Signals (1990-2021) are archived to review whenever applicable.
Z-alpha Trading System is perpetually dedicated to stewarding investments and maintains an unyielding conviction that all (actual or simulated) financial published performance returns are hypothetical by default. At the most basic level, it is practically impossible for two nonidentical accounts (yours and ours) to have the exact trade confirmations void of slippage during the order entry process. Secondarily, even a portfolio grouping or trading system whose constituents each have actual track records must still be considered hypothetical, as the constituents may not have traded simultaneously. Per contra, we verify performance as described below.
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 exactitude of this process. Also, results do not represent proceeds from dividend reinvestment or the use of margin to create leverage. Note, too, that all of the results exhibited in this overview represent past performance, which is not a guarantee of future results. Current results can fluctuate widely and may be lower or higher than the performance YTD data cited. For the (32) years ended December 31, 2021, the Z-alpha Signal recorded an average annual result of 24.86%.
Reported Date: September 12, 2022 | Z-alpha Signal™ YTD: -8.56% | S&P 500® YTD: -13.76%
| 2021 | 2020 | 2019 | 2018 | 2017 | ||||||
| Z-alpha™ | 19.86% | 19.68% | 23.29% | 47.68% | 18.13% | |||||
| S&P 500® | 26.89% | 15.78% | 28.88% | -6.25% | 19.43% | |||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||
| Z-alpha™ | 23.78% | 14.72% | 25.54% | 31.28% | 15.18% | |||||
| S&P 500® | 9.54% | -0.73% | 11.42% | 29.59% | 13.35% | |||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||
| Z-alpha™ | 23.69% | 35.61% | 45.07% | 12.87% | 9.80% | |||||
| S&P 500® | 0% | 12.83% | 23.48% | -38.49% | 3.53% | |||||
| 2006 | 2005 | 2004 | 2003 | 2002 | ||||||
| Z-alpha™ | 10.18% | 45.07% | 22.84% | 27.84% | 37.72% | |||||
| S&P 500® | 13.62% | 23.48% | 8.99% | 26.36% | -23.34% | |||||
| 2001 | 2000 | 1999 | 1998 | 1997 | ||||||
| Z-alpha™ | 30.76% | 24.44% | 20.59% | 49.28% | 32.52% | |||||
| S&P 500® | -13.03% | -10.14% | 19.53% | 26.70% | 30.90% | |||||
| 1996 | 1995 | 1994 | 1993 | 1992 | ||||||
| Z-alpha™ | 24.03% | 19.17% | 10.30% | 9.17% | 11.27% | |||||
| S&P 500® | 20.29% | 34.20% | -1.50% | 6.88% | 4.56% | |||||
| 1991 | 1990 | |||||||||
| Z-alpha™ | 34.55% | 20.68% | ||||||||
| S&P 500® | 26.36% | -6.52% |