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

2024 IIM Future Winners - Unoptimized

Last updated Apr 19, 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

The chart shows the growth of an initial investment of $10,000 in 2024 IIM Future Winners - Unoptimized, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.

20.00%40.00%60.00%80.00%100.00%120.00%140.00%NovemberDecember2025FebruaryMarchApril
78.89%
33.48%
2024 IIM Future Winners - Unoptimized
Benchmark (^GSPC)
Portfolio components

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		-10.18%-6.92%-9.92%5.42%12.98%9.70%
2024 IIM Future Winners - Unoptimized-16.12%-4.43%-17.59%8.79%N/AN/A
Portfolio components:
HBM
Hudbay Minerals Inc.		-13.09%-15.69%-25.66%-10.57%27.41%-1.29%
TREX
Trex Company, Inc.		-19.44%-5.79%-13.94%-36.77%5.88%15.69%
AGX
Argan, Inc.		6.76%19.82%13.94%142.72%34.71%18.73%
SIMO
Silicon Motion Technology Corporation		-26.76%-30.68%-28.56%-44.66%0.27%4.01%
OLED
Universal Display Corporation		-21.80%-26.16%-43.88%-24.78%-3.90%9.64%
BMI
Badger Meter, Inc.		-4.79%-0.18%-2.59%13.68%29.10%21.87%
PIPR
Piper Sandler Companies		-23.98%-12.66%-24.65%24.92%37.66%18.30%
ANF
Abercrombie & Fitch Co.		-51.17%-11.63%-53.44%-33.24%45.95%15.31%
WTS
Watts Water Technologies, Inc.		-2.88%-7.55%-3.92%-0.46%20.48%14.79%
DRS
Leonardo DRS Inc. Common Stock		13.17%4.32%27.32%72.07%N/AN/A
SHOO
Steven Madden, Ltd.		-52.86%-22.02%-58.52%-47.25%-1.39%-0.94%
SPXC
SPX Corporation		-11.81%-6.88%-21.74%9.06%29.25%19.98%
STRA
Strategic Education, Inc.		-13.67%-2.00%-7.94%-16.33%-9.08%6.05%
CORT
Corcept Therapeutics Incorporated		23.52%7.31%25.11%174.67%37.66%26.30%
HCKT
The Hackett Group, Inc.		-15.47%-9.74%1.52%17.05%15.02%12.41%
*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
20250.12%-8.35%0.14%-8.72%-16.12%
2024-1.44%12.78%2.37%-0.49%15.40%1.40%1.33%-2.96%4.51%-1.12%12.66%-7.44%40.37%
202312.60%-1.97%0.66%-1.37%1.45%8.72%4.16%5.36%-4.09%0.34%10.12%11.78%57.14%
20221.38%-4.63%-3.31%

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 37, 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 3737
Overall Rank
The Sharpe Ratio Rank of 2024 IIM Future Winners - Unoptimized is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of 2024 IIM Future Winners - Unoptimized is 4242
Sortino Ratio Rank
The Omega Ratio Rank of 2024 IIM Future Winners - Unoptimized is 3939
Omega Ratio Rank
The Calmar Ratio Rank of 2024 IIM Future Winners - Unoptimized is 3939
Calmar Ratio Rank
The Martin Ratio Rank of 2024 IIM Future Winners - Unoptimized is 3030
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.

Sharpe ratio
The chart of Sharpe ratio for Portfolio, currently valued at 0.27, compared to the broader market-4.00-2.000.002.00
Portfolio: 0.27
^GSPC: 0.24
The chart of Sortino ratio for Portfolio, currently valued at 0.59, compared to the broader market-6.00-4.00-2.000.002.004.00
Portfolio: 0.59
^GSPC: 0.47
The chart of Omega ratio for Portfolio, currently valued at 1.07, compared to the broader market0.400.600.801.001.201.401.60
Portfolio: 1.08
^GSPC: 1.07
The chart of Calmar ratio for Portfolio, currently valued at 0.28, compared to the broader market0.001.002.003.004.005.006.00
Portfolio: 0.28
^GSPC: 0.24
The chart of Martin ratio for Portfolio, currently valued at 0.80, compared to the broader market0.005.0010.0015.0020.00
Portfolio: 0.80
^GSPC: 1.08
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
HBM
Hudbay Minerals Inc.		-0.130.211.03-0.17-0.35
TREX
Trex Company, Inc.		-0.82-1.030.86-0.76-1.45
AGX
Argan, Inc.		2.192.901.393.249.51
SIMO
Silicon Motion Technology Corporation		-0.99-1.390.83-0.85-1.54
OLED
Universal Display Corporation		-0.50-0.410.94-0.46-0.97
BMI
Badger Meter, Inc.		0.911.651.211.133.43
PIPR
Piper Sandler Companies		0.591.171.150.611.88
ANF
Abercrombie & Fitch Co.		-0.58-0.560.93-0.57-1.18
WTS
Watts Water Technologies, Inc.		-0.030.161.02-0.04-0.09
DRS
Leonardo DRS Inc. Common Stock		1.722.221.313.068.80
SHOO
Steven Madden, Ltd.		-1.23-1.820.76-0.80-2.34
SPXC
SPX Corporation		0.200.571.070.240.57
STRA
Strategic Education, Inc.		-0.40-0.330.94-0.42-0.72
CORT
Corcept Therapeutics Incorporated		1.363.881.523.6512.82
HCKT
The Hackett Group, Inc.		0.611.311.160.892.69

The current 2024 IIM Future Winners - Unoptimized Sharpe ratio is 0.34. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 0.21 to 0.77, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of 2024 IIM Future Winners - Unoptimized with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.27
0.24
2024 IIM Future Winners - Unoptimized
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

2024 IIM Future Winners - Unoptimized provided a 1.38% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio1.38%0.96%0.93%1.41%1.11%1.15%1.36%1.49%1.02%0.91%0.93%1.21%
Portfolio components:
HBM
Hudbay Minerals Inc.		0.10%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.		0.92%0.93%2.24%2.71%1.94%4.50%2.49%1.98%2.22%1.42%2.16%2.08%
SIMO
Silicon Motion Technology Corporation		5.10%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		1.45%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.		0.64%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		2.47%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.		0.87%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		0.25%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.		4.22%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%6.93%
STRA
Strategic Education, Inc.		3.00%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.

-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-23.83%
-14.02%
2024 IIM Future Winners - Unoptimized
Benchmark (^GSPC)
Portfolio components

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 29.26%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current 2024 IIM Future Winners - Unoptimized drawdown is 22.63%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-29.26%Nov 26, 202490Apr 8, 2025———
-15.92%Jul 17, 202416Aug 7, 202446Oct 11, 202462
-10.43%Feb 6, 202325Mar 13, 202359Jun 6, 202384
-7.32%Sep 5, 202321Oct 3, 202330Nov 14, 202351
-6.98%Oct 17, 202411Oct 31, 20244Nov 6, 202415

Volatility

Volatility Chart

The current 2024 IIM Future Winners - Unoptimized volatility is 17.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

0.00%5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
17.67%
13.60%
2024 IIM Future Winners - Unoptimized
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
CORTSIMOANFHBMSTRAAGXDRSOLEDHCKTSHOOTREXBMIPIPRSPXCWTS
CORT1.000.090.180.150.210.170.240.260.310.260.270.280.290.310.28
SIMO0.091.000.260.250.200.250.240.400.190.250.320.300.270.330.29
ANF0.180.261.000.190.230.220.210.280.260.420.300.240.310.300.22
HBM0.150.250.191.000.190.260.270.340.200.300.350.310.360.390.32
STRA0.210.200.230.191.000.210.280.300.340.280.290.400.400.380.41
AGX0.170.250.220.260.211.000.310.270.330.330.300.370.380.430.35
DRS0.240.240.210.270.280.311.000.350.320.260.350.410.360.400.41
OLED0.260.400.280.340.300.270.351.000.300.360.420.430.390.410.45
HCKT0.310.190.260.200.340.330.320.301.000.440.430.450.440.460.52
SHOO0.260.250.420.300.280.330.260.360.441.000.480.390.470.460.47
TREX0.270.320.300.350.290.300.350.420.430.481.000.460.500.480.57
BMI0.280.300.240.310.400.370.410.430.450.390.461.000.490.570.62
PIPR0.290.270.310.360.400.380.360.390.440.470.500.491.000.580.57
SPXC0.310.330.300.390.380.430.400.410.460.460.480.570.581.000.61
WTS0.280.290.220.320.410.350.410.450.520.470.570.620.570.611.00
The correlation results are calculated based on daily price changes starting from Nov 30, 2022
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