“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 really important to examine carefully how market indicators function in a variety of market conditions. The effectiveness metric over complete market cycles is the pattern 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 the Z-alpha Trading System does likewise under the Z-alpha Signal purposely detailed usage. Having noted that, and an eye towards regulating complacency within our organizational culture, the cumulative average annual return value has been applied for the most part over time as the higher hurdle in-house benchmark.
Provided results are computed using the S&P 500® cash index value when the Z-alpha Signal changed status in real-time and merely represents the mathematical realization of this pinpoint procedure. Since our order entry process is methodic, results can constitute scaling in/out sequences, subroutine hedged equity aligning, and do not represent proceeds from dividend reinvestment or the use of margin to create leverage. Naturally, past performance is no guarantee of future results.
Reported Date: January 03, 2022 | Z-alpha Signal YTD: 0.65% | Z-alpha Signal 32-Year Average Annual Return: 24.86%
| 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% |