PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions

Alpha Monthly

Last updated Mar 2, 2024

Asset Allocation


SMCI 4%NVDA 4%APPF 4%DECK 4%SAIA 4%ASML 4%MNDY 4%SWAV 4%FN 4%EXP 4%GWW 4%APP 4%ANET 4%ONTO 4%SAP 4%MELI 4%FIX 4%WING 4%DT 4%MDB 4%FTV 4%AMZN 4%NOW 4%TDG 4%XPO 4%EquityEquity
PositionCategory/SectorWeight
SMCI

4%

NVDA
NVIDIA Corporation
Technology

4%

APPF
AppFolio, Inc.
Technology

4%

DECK
Deckers Outdoor Corporation
Consumer Cyclical

4%

SAIA
Saia, Inc.
Industrials

4%

ASML
ASML Holding N.V.
Technology

4%

MNDY
monday.com Ltd.
Technology

4%

SWAV

4%

FN
Fabrinet
Technology

4%

EXP
Eagle Materials Inc.
Basic Materials

4%

GWW
W.W. Grainger, Inc.
Industrials

4%

APP
AppLovin Corporation
Technology

4%

ANET
Arista Networks, Inc.
Technology

4%

ONTO
Onto Innovation Inc.
Technology

4%

SAP
SAP SE
Technology

4%

MELI
MercadoLibre, Inc.
Consumer Cyclical

4%

FIX
Comfort Systems USA, Inc.
Industrials

4%

WING

4%

DT
Dynatrace, Inc.
Technology

4%

MDB
MongoDB, Inc.
Technology

4%

FTV
Fortive Corporation
Technology

4%

AMZN
Amazon.com, Inc.
Consumer Cyclical

4%

NOW
ServiceNow, Inc.
Technology

4%

TDG

4%

XPO

4%

S&P 500

Performance

The chart shows the growth of an initial investment of $10,000 in Alpha Monthly, 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 Quarterly


0.00%50.00%100.00%150.00%OctoberNovemberDecember2024FebruaryMarch
141.63%
21.18%
Alpha Monthly
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Jun 10, 2021, corresponding to the inception date of MNDY

Returns


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
7.70%6.01%13.76%29.03%12.89%10.63%
Alpha Monthly33.74%11.73%46.81%114.43%N/AN/A
SMCI
218.54%56.22%220.91%825.56%N/AN/A
NVDA
NVIDIA Corporation
66.15%24.36%69.64%244.56%84.24%68.95%
APPF
AppFolio, Inc.
39.77%6.30%24.93%86.86%29.83%N/A
DECK
Deckers Outdoor Corporation
35.14%2.41%69.55%110.85%43.65%28.43%
SAIA
Saia, Inc.
32.25%8.43%32.14%96.03%53.86%31.99%
ASML
ASML Holding N.V.
31.11%11.42%50.12%56.72%41.20%28.36%
MNDY
monday.com Ltd.
21.89%6.94%29.63%46.48%N/AN/A
SWAV
38.23%12.79%18.43%38.78%N/AN/A
FN
Fabrinet
14.85%-2.26%36.18%78.97%30.44%26.76%
EXP
Eagle Materials Inc.
26.31%8.45%31.89%74.72%27.39%11.68%
GWW
W.W. Grainger, Inc.
18.60%1.06%38.60%41.99%28.42%16.50%
APP
AppLovin Corporation
56.24%35.76%44.15%346.31%N/AN/A
ANET
Arista Networks, Inc.
22.18%5.36%45.79%104.54%32.09%N/A
ONTO
Onto Innovation Inc.
25.96%16.77%40.80%124.62%46.23%26.10%
SAP
SAP SE
21.95%6.48%36.43%63.96%13.74%11.11%
MELI
MercadoLibre, Inc.
2.62%-9.03%13.44%31.47%29.02%31.60%
FIX
Comfort Systems USA, Inc.
52.88%35.95%69.29%109.22%43.48%35.38%
WING
42.75%27.28%130.92%111.98%N/AN/A
DT
Dynatrace, Inc.
-10.31%-19.19%1.78%13.12%N/AN/A
MDB
MongoDB, Inc.
6.85%0.19%11.19%99.42%33.24%N/A
FTV
Fortive Corporation
16.42%3.25%8.61%26.18%4.84%N/A
AMZN
Amazon.com, Inc.
17.30%3.73%29.03%87.80%16.36%25.68%
NOW
ServiceNow, Inc.
9.50%-0.98%30.93%74.25%26.03%27.06%
TDG
16.97%5.30%34.62%59.90%N/AN/A
XPO
37.69%26.49%58.37%226.12%N/AN/A

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202412.36%17.08%
20233.23%-5.66%-1.69%13.82%4.68%

Sharpe Ratio

The current Alpha Monthly Sharpe ratio is 5.26. A Sharpe ratio of 3.0 or higher is considered excellent.

0.002.004.005.26

The Sharpe ratio of Alpha Monthly is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00OctoberNovemberDecember2024FebruaryMarch
5.26
2.44
Alpha Monthly
Benchmark (^GSPC)
Portfolio components

Dividend yield

Alpha Monthly granted a 0.27% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
Alpha Monthly0.27%0.33%0.52%0.20%0.35%0.70%0.68%0.57%1.05%0.30%0.90%0.84%
SMCI
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NVDA
NVIDIA Corporation
0.02%0.03%0.11%0.05%0.12%0.27%0.46%0.29%0.45%1.20%1.70%1.94%
APPF
AppFolio, 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%
DECK
Deckers Outdoor Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SAIA
Saia, 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%
ASML
ASML Holding N.V.
0.56%0.72%1.03%0.42%0.50%1.01%0.92%0.64%0.92%0.73%0.67%0.63%
MNDY
monday.com Ltd.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SWAV
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FN
Fabrinet
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EXP
Eagle Materials Inc.
0.39%0.49%0.75%0.45%0.10%0.44%0.66%0.35%0.41%0.66%0.53%0.52%
GWW
W.W. Grainger, Inc.
0.76%0.88%1.22%1.23%1.45%1.68%1.90%2.14%2.08%2.27%1.64%1.41%
APP
AppLovin Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ANET
Arista Networks, 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%
ONTO
Onto Innovation 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%
SAP
SAP SE
1.16%1.41%2.58%1.56%1.31%1.27%1.73%1.18%1.52%1.50%3.38%1.27%
MELI
MercadoLibre, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.19%0.38%0.36%0.52%0.53%
FIX
Comfort Systems USA, Inc.
0.27%0.41%0.49%0.49%0.81%0.79%0.76%0.68%0.83%0.88%1.31%1.08%
WING
0.22%0.32%3.43%0.35%4.02%0.43%10.15%0.36%9.80%0.00%0.00%0.00%
DT
Dynatrace, 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%
MDB
MongoDB, 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%
FTV
Fortive Corporation
0.35%0.39%0.44%0.37%0.35%0.37%0.41%0.39%0.26%0.00%0.00%0.00%
AMZN
Amazon.com, 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%
NOW
ServiceNow, 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%
TDG
2.96%3.46%2.94%0.00%0.00%11.16%0.00%8.01%9.64%0.00%12.73%13.66%
XPO
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Expense Ratio

The Alpha Monthly has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
^GSPC
S&P 500
2.44
Alpha Monthly
5.26
SMCI
8.44
NVDA
NVIDIA Corporation
5.65
APPF
AppFolio, Inc.
1.91
DECK
Deckers Outdoor Corporation
3.36
SAIA
Saia, Inc.
2.69
ASML
ASML Holding N.V.
2.00
MNDY
monday.com Ltd.
1.07
SWAV
0.83
FN
Fabrinet
1.51
EXP
Eagle Materials Inc.
3.08
GWW
W.W. Grainger, Inc.
2.15
APP
AppLovin Corporation
5.81
ANET
Arista Networks, Inc.
2.35
ONTO
Onto Innovation Inc.
2.94
SAP
SAP SE
3.02
MELI
MercadoLibre, Inc.
0.86
FIX
Comfort Systems USA, Inc.
3.13
WING
3.49
DT
Dynatrace, Inc.
0.52
MDB
MongoDB, Inc.
1.92
FTV
Fortive Corporation
1.29
AMZN
Amazon.com, Inc.
3.07
NOW
ServiceNow, Inc.
2.79
TDG
2.88
XPO
5.32

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

SWAVSMCIGWWWINGAPPFMNDYFIXDECKSAIASAPAPPTDGFNXPOEXPMELIFTVMDBANETDTAMZNONTONVDAASMLNOW
SWAV1.000.260.230.350.390.330.360.310.290.320.340.350.330.300.330.430.360.390.380.430.370.370.370.380.40
SMCI0.261.000.270.240.320.310.380.340.320.330.340.360.490.360.390.330.370.350.480.330.350.500.500.470.38
GWW0.230.271.000.290.290.240.580.370.460.370.300.470.420.440.580.320.600.280.390.340.340.390.330.390.39
WING0.350.240.291.000.390.400.330.450.360.360.430.390.310.400.340.450.390.440.400.480.430.410.450.420.48
APPF0.390.320.290.391.000.450.370.370.340.420.460.420.380.340.370.450.400.470.450.530.440.400.440.390.54
MNDY0.330.310.240.400.451.000.290.410.400.420.540.350.380.350.330.520.350.650.470.580.540.410.530.470.60
FIX0.360.380.580.330.370.291.000.450.510.400.340.530.510.500.630.400.580.350.470.370.390.490.390.440.41
DECK0.310.340.370.450.370.410.451.000.460.380.410.470.460.470.450.490.500.470.480.490.490.480.480.480.51
SAIA0.290.320.460.360.340.400.510.461.000.410.420.470.460.730.520.450.530.410.450.410.440.510.470.500.47
SAP0.320.330.370.360.420.420.400.380.411.000.450.470.450.410.470.480.510.440.450.500.550.500.520.640.57
APP0.340.340.300.430.460.540.340.410.420.451.000.390.370.430.400.540.430.620.450.580.560.440.530.510.60
TDG0.350.360.470.390.420.350.530.470.470.470.391.000.460.530.560.490.590.380.460.460.460.490.480.520.46
FN0.330.490.420.310.380.380.510.460.460.450.370.461.000.470.510.430.530.430.570.430.450.610.520.570.48
XPO0.300.360.440.400.340.350.500.470.730.410.430.530.471.000.600.460.570.410.450.430.470.530.520.500.46
EXP0.330.390.580.340.370.330.630.450.520.470.400.560.510.601.000.450.640.380.430.430.430.510.470.490.44
MELI0.430.330.320.450.450.520.400.490.450.480.540.490.430.460.451.000.490.580.520.560.610.500.570.550.63
FTV0.360.370.600.390.400.350.580.500.530.510.430.590.530.570.640.491.000.400.460.470.440.550.480.560.50
MDB0.390.350.280.440.470.650.350.470.410.440.620.380.430.410.380.580.401.000.560.700.630.500.610.520.74
ANET0.380.480.390.400.450.470.470.480.450.450.450.460.570.450.430.520.460.561.000.530.570.570.650.600.64
DT0.430.330.340.480.530.580.370.490.410.500.580.460.430.430.430.560.470.700.531.000.590.480.570.540.73
AMZN0.370.350.340.430.440.540.390.490.440.550.560.460.450.470.430.610.440.630.570.591.000.510.650.610.67
ONTO0.370.500.390.410.400.410.490.480.510.500.440.490.610.530.510.500.550.500.570.480.511.000.680.730.55
NVDA0.370.500.330.450.440.530.390.480.470.520.530.480.520.520.470.570.480.610.650.570.650.681.000.730.65
ASML0.380.470.390.420.390.470.440.480.500.640.510.520.570.500.490.550.560.520.600.540.610.730.731.000.63
NOW0.400.380.390.480.540.600.410.510.470.570.600.460.480.460.440.630.500.740.640.730.670.550.650.631.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
Alpha Monthly
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Alpha Monthly. 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 Alpha Monthly was 40.57%, occurring on Jun 16, 2022. Recovery took 231 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-40.57%Nov 10, 2021151Jun 16, 2022231May 18, 2023382
-12.18%Sep 5, 202338Oct 26, 202311Nov 10, 202349
-8.25%Sep 7, 202120Oct 4, 202118Oct 28, 202138
-5.73%Jun 29, 202114Jul 19, 20218Jul 29, 202122
-5.72%Aug 2, 202312Aug 17, 20238Aug 29, 202320

Volatility Chart

The current Alpha Monthly volatility is 9.77%, 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.


2.00%4.00%6.00%8.00%10.00%OctoberNovemberDecember2024FebruaryMarch
9.77%
3.47%
Alpha Monthly
Benchmark (^GSPC)
Portfolio components
0 comments