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2024 IIM Future Winners - Unoptimized
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

2024 IIM Future Winners - Unoptimized

Currency in USD · Last updated May 17, 2025

IIM Think Tank Future Winners Model (Starting Positions) Stock Picks, Position Sizing & Re-balancing (buy, sell and hold signals) are based on proprietary IIM macro-quant-mental algorithm, aiming to beat 99% of hedge funds over the long term. This portfolio ignores flawed industry and academic theory such as Sharpe ratio, DCF, diversification, and volatility. Instead its Algo focuses on real-money USD return over the long term Unoptimized = Presents major risk to buy & hold investors + Lacks active risk-management necessary to preserve capital against major tail risks. IIM internal portfolio is re-balanced and composition changes based on R Algo signals. Not an Investment advice. Past performance not equal future performance. If you decide to use this portfolio model in your research or investment, please cite and credit IIM Think Tank with a hyperlink (see below). If you are a CIO or an institutional investor planning to allocate real money to this model, customize (optimize) it, or explore the potential risks and opportunities of this portfolio,, or need active management support and signals, then please contact: https://www.iim.education/think-tank/investment/ Lead Researcher & Portfolio Model Manager https://www.medjones.com/investment/

Asset Allocation

HBM 6.67%TREX 6.67%AGX 6.67%SIMO 6.67%OLED 6.67%BMI 6.67%PIPR 6.67%ANF 6.67%WTS 6.67%DRS 6.67%SHOO 6.67%SPXC 6.67%STRA 6.67%CORT 6.67%HCKT 6.67%EquityEquity
PositionCategory/SectorTarget Weight
AGX
Argan, Inc.		Industrials
6.67%
ANF
Abercrombie & Fitch Co.		Consumer Cyclical
6.67%
BMI
Badger Meter, Inc.		Industrials
6.67%
CORT
Corcept Therapeutics Incorporated		Healthcare
6.67%
DRS
Leonardo DRS Inc. Common Stock		Industrials
6.67%
HBM
Hudbay Minerals Inc.		Basic Materials
6.67%
HCKT
The Hackett Group, Inc.		Technology
6.67%
OLED
Universal Display Corporation		Technology
6.67%
PIPR
Piper Sandler Companies		Financial Services
6.67%
SHOO
Steven Madden, Ltd.		Consumer Cyclical
6.67%
SIMO
Silicon Motion Technology Corporation		Technology
6.67%
SPXC
SPX Corporation		Industrials
6.67%
STRA
Strategic Education, Inc.		Consumer Defensive
6.67%
TREX
Trex Company, Inc.		Industrials
6.67%
WTS
Watts Water Technologies, Inc.		Industrials
6.67%

Performance

Performance Chart

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The earliest data available for this chart is Nov 29, 2022, corresponding to the inception date of DRS

Returns By Period

YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500		1.30%12.94%1.49%12.48%15.82%10.87%
2024 IIM Future Winners - Unoptimized3.06%22.33%0.42%17.42%N/AN/A
Portfolio components:
HBM
Hudbay Minerals Inc.		0.35%15.01%-4.60%-15.77%29.93%-1.37%
TREX
Trex Company, Inc.		-11.88%13.87%-10.85%-31.38%1.14%16.69%
AGX
Argan, Inc.		38.23%27.12%38.65%187.60%44.05%21.13%
SIMO
Silicon Motion Technology Corporation		19.15%60.16%25.78%-15.17%10.67%10.22%
OLED
Universal Display Corporation		6.69%36.81%-4.67%-9.61%2.56%12.25%
BMI
Badger Meter, Inc.		15.68%33.21%14.13%25.55%35.48%23.79%
PIPR
Piper Sandler Companies		-9.73%19.63%-19.29%29.01%43.29%21.92%
ANF
Abercrombie & Fitch Co.		-47.07%14.06%-45.30%-41.69%48.14%16.96%
WTS
Watts Water Technologies, Inc.		20.32%23.64%16.15%14.48%28.10%17.30%
DRS
Leonardo DRS Inc. Common Stock		29.34%16.04%23.93%81.78%N/AN/A
SHOO
Steven Madden, Ltd.		-37.98%33.98%-38.70%-35.95%7.21%1.18%
SPXC
SPX Corporation		7.22%21.93%-4.32%12.18%35.29%23.45%
STRA
Strategic Education, Inc.		-2.65%14.77%-4.25%-22.76%-8.72%8.74%
CORT
Corcept Therapeutics Incorporated		49.00%16.22%44.86%172.62%39.91%29.53%
HCKT
The Hackett Group, Inc.		-15.50%-0.69%-14.08%21.49%17.79%10.78%
*Annualized

Monthly Returns

The table below presents the monthly returns of 2024 IIM Future Winners - Unoptimized, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20253.05%-7.50%0.50%-5.72%14.10%3.06%
2024-3.11%10.88%3.31%0.30%11.52%1.12%6.10%-4.00%6.22%-2.15%11.82%-7.55%37.37%
202312.74%-2.12%0.65%-1.00%1.15%8.91%5.06%4.69%-3.91%-0.12%9.11%11.24%55.20%
20221.38%-4.63%-3.32%

Expense Ratio

2024 IIM Future Winners - Unoptimized has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of 2024 IIM Future Winners - Unoptimized is 26, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of 2024 IIM Future Winners - Unoptimized is 2626
Overall Rank
The Sharpe Ratio Rank of 2024 IIM Future Winners - Unoptimized is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of 2024 IIM Future Winners - Unoptimized is 2727
Sortino Ratio Rank
The Omega Ratio Rank of 2024 IIM Future Winners - Unoptimized is 2323
Omega Ratio Rank
The Calmar Ratio Rank of 2024 IIM Future Winners - Unoptimized is 2727
Calmar Ratio Rank
The Martin Ratio Rank of 2024 IIM Future Winners - Unoptimized is 1818
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
HBM
Hudbay Minerals Inc.		-0.30-0.170.98-0.46-0.91
TREX
Trex Company, Inc.		-0.68-0.760.90-0.63-1.17
AGX
Argan, Inc.		2.873.221.444.1611.75
SIMO
Silicon Motion Technology Corporation		-0.32-0.050.99-0.24-0.40
OLED
Universal Display Corporation		-0.190.071.01-0.19-0.36
BMI
Badger Meter, Inc.		0.821.411.180.962.85
PIPR
Piper Sandler Companies		0.711.331.170.751.93
ANF
Abercrombie & Fitch Co.		-0.65-0.750.91-0.64-1.17
WTS
Watts Water Technologies, Inc.		0.490.961.110.731.58
DRS
Leonardo DRS Inc. Common Stock		1.972.471.353.5810.28
SHOO
Steven Madden, Ltd.		-0.80-1.130.85-0.61-1.45
SPXC
SPX Corporation		0.300.661.080.330.72
STRA
Strategic Education, Inc.		-0.68-0.730.87-0.65-1.07
CORT
Corcept Therapeutics Incorporated		1.433.931.533.7710.21
HCKT
The Hackett Group, Inc.		0.721.401.180.852.52

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

2024 IIM Future Winners - Unoptimized Sharpe ratios as of May 17, 2025 (values are recalculated daily):

  • 1-Year: 0.61
  • All Time: 1.54

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.56 to 1.05, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of 2024 IIM Future Winners - Unoptimized compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

2024 IIM Future Winners - Unoptimized provided a 1.09% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio1.09%0.96%0.93%1.41%1.11%1.04%1.36%1.49%1.02%0.91%0.93%0.86%
Portfolio components:
HBM
Hudbay Minerals Inc.		0.17%0.17%0.25%0.32%0.22%0.21%0.37%0.34%0.17%0.26%0.42%0.21%
TREX
Trex Company, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AGX
Argan, Inc.		0.76%0.93%2.24%2.71%1.94%2.81%2.49%1.98%2.22%1.42%2.16%2.08%
SIMO
Silicon Motion Technology Corporation		3.16%3.70%0.82%2.31%1.63%2.91%2.46%3.48%1.70%1.53%1.91%2.54%
OLED
Universal Display Corporation		1.06%1.09%0.73%1.11%0.48%0.26%0.19%0.26%0.07%0.00%0.00%0.00%
BMI
Badger Meter, Inc.		0.53%0.58%0.64%0.78%0.71%0.74%0.99%1.14%1.03%1.16%1.33%1.25%
PIPR
Piper Sandler Companies		2.08%1.17%2.09%5.30%3.81%1.98%3.14%4.74%1.45%0.00%0.00%0.00%
ANF
Abercrombie & Fitch Co.		0.00%0.00%0.00%0.00%0.00%0.98%4.63%3.99%4.59%6.67%2.96%2.79%
WTS
Watts Water Technologies, Inc.		0.70%0.81%0.66%0.79%0.52%0.76%0.90%1.27%0.99%1.09%1.33%0.91%
DRS
Leonardo DRS Inc. Common Stock		0.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SHOO
Steven Madden, Ltd.		3.21%1.98%2.00%2.63%1.29%0.42%1.33%1.78%0.00%0.00%0.00%0.00%
SPXC
SPX Corporation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.02%1.75%
STRA
Strategic Education, Inc.		2.66%2.57%2.60%3.06%4.15%2.52%1.64%1.32%1.12%0.00%0.00%0.00%
CORT
Corcept Therapeutics Incorporated		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HCKT
The Hackett Group, Inc.		1.74%1.43%1.93%2.16%1.95%1.98%2.23%2.12%1.91%1.47%1.87%1.37%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the 2024 IIM Future Winners - Unoptimized. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the 2024 IIM Future Winners - Unoptimized was 27.36%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current 2024 IIM Future Winners - Unoptimized drawdown is 6.36%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.36%Nov 26, 202490Apr 8, 2025———
-13.54%Jul 17, 202416Aug 7, 202436Sep 27, 202452
-10.63%Feb 6, 202325Mar 13, 202359Jun 6, 202384
-7.18%Sep 5, 202321Oct 3, 202330Nov 14, 202351
-6.67%Dec 5, 202211Dec 19, 202214Jan 10, 202325

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 15 assets, with an effective number of assets of 15.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
^GSPCCORTANFSIMOHBMSTRAAGXDRSHCKTOLEDSHOOTREXBMIPIPRWTSSPXCPortfolio
^GSPC1.000.360.370.490.440.340.370.460.460.610.490.610.550.600.600.610.76
CORT0.361.000.170.110.150.210.180.250.320.260.270.280.290.300.290.310.49
ANF0.370.171.000.250.210.220.210.200.260.270.430.310.250.320.230.300.53
SIMO0.490.110.251.000.250.200.260.250.200.410.250.320.320.280.290.330.48
HBM0.440.150.210.251.000.190.260.260.210.340.300.350.310.360.330.390.53
STRA0.340.210.220.200.191.000.230.290.340.290.260.290.390.400.410.390.49
AGX0.370.180.210.260.260.231.000.320.330.270.320.310.370.390.360.440.54
DRS0.460.250.200.250.260.290.321.000.330.360.250.350.410.370.420.400.56
HCKT0.460.320.260.200.210.340.330.331.000.290.430.440.450.440.520.450.59
OLED0.610.260.270.410.340.290.270.360.291.000.360.420.440.400.450.420.62
SHOO0.490.270.430.250.300.260.320.250.430.361.000.480.400.480.470.460.61
TREX0.610.280.310.320.350.290.310.350.440.420.481.000.470.500.580.480.68
BMI0.550.290.250.320.310.390.370.410.450.440.400.471.000.500.630.570.67
PIPR0.600.300.320.280.360.400.390.370.440.400.480.500.501.000.570.590.69
WTS0.600.290.230.290.330.410.360.420.520.450.470.580.630.571.000.600.70
SPXC0.610.310.300.330.390.390.440.400.450.420.460.480.570.590.601.000.72
Portfolio0.760.490.530.480.530.490.540.560.590.620.610.680.670.690.700.721.00
The correlation results are calculated based on daily price changes starting from Nov 30, 2022