Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
ANF Abercrombie & Fitch Co. | Consumer Cyclical | -23.41% |
BBW Build-A-Bear Workshop, Inc. | Consumer Cyclical | 13.57% |
CPRX Catalyst Pharmaceuticals, Inc. | Healthcare | 20.14% |
HRMY Harmony Biosciences Holdings, Inc. | Healthcare | 14.64% |
PRMB Primo Brands Corp | Consumer Defensive | 26.34% |
TGT Target Corporation | Consumer Defensive | 48.72% |
Transactions
| Date | Type | Symbol | Quantity | Price |
|---|---|---|---|---|
| Dec 5, 2025 | Buy | Primo Brands Corp | 37.98 | $15.65 |
| Nov 25, 2025 | Buy | Harmony Biosciences Holdings, Inc. | 14.25 | $35.07 |
| Nov 25, 2025 | Buy | Build-A-Bear Workshop, Inc. | 9.62 | $51.97 |
| Nov 20, 2025 | Buy | Catalyst Pharmaceuticals, Inc. | 22.02 | $22.70 |
| Nov 10, 2025 | Buy | Target Corporation | 10.92 | $91.53 |
| Nov 9, 2025 | Sell | Abercrombie & Fitch Co. | 6.85 | $72.90 |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MAGIC FORMULA, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.63% | -3.84% | -1.98% | 29.73% | 16.86% | 10.37% | 12.29% |
Portfolio MAGIC FORMULA | 0.42% | -7.14% | 10.33% | — | — | — | — | — |
| Portfolio components: | ||||||||
ANF Abercrombie & Fitch Co. | -2.13% | -3.55% | -26.71% | 9.20% | 31.30% | 48.98% | 21.77% | 13.35% |
TGT Target Corporation | 0.00% | 0.31% | 24.48% | 38.39% | 33.61% | -6.85% | -7.05% | 7.03% |
CPRX Catalyst Pharmaceuticals, Inc. | -0.52% | -0.00% | 5.78% | 18.47% | 2.41% | 13.38% | 40.50% | 35.31% |
HRMY Harmony Biosciences Holdings, Inc. | -0.79% | -2.80% | -25.87% | 1.69% | -10.43% | -5.80% | -2.87% | — |
BBW Build-A-Bear Workshop, Inc. | 2.64% | -16.21% | -37.50% | -37.01% | 7.33% | 20.05% | 44.05% | 13.51% |
PRMB Primo Brands Corp | -0.79% | -16.89% | 15.13% | -14.25% | -46.43% | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since Nov 10, 2025, MAGIC FORMULA's average daily return is +0.03%, while the average monthly return is +0.48%. At this rate, your investment would double in approximately 12.1 years.
Historically, 33% of months were positive and 67% were negative. The best month was Jan 2026 with a return of +14.9%, while the worst month was Nov 2025 at -9.1%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MAGIC FORMULA closed higher 52% of trading days. The best single day was Jan 12, 2026 with a return of +6.9%, while the worst single day was Nov 25, 2025 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.90% | -0.08% | -3.27% | -0.65% | 10.33% | ||||||||
| 2025 | -9.05% | 1.03% | -8.12% |
Benchmark Metrics
MAGIC FORMULA has an annualized alpha of 12.26%, beta of 0.61, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since November 10, 2025.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (94.45%) than losses (41.70%) — typical of diversified or defensive assets.
- Beta of 0.61 may look defensive, but with R² of 0.06 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.06 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 12.26%
- Beta
- 0.61
- R²
- 0.06
- Upside Capture
- 94.45%
- Downside Capture
- 41.70%
Expense Ratio
Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Return / Risk — by metrics
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
ANF Abercrombie & Fitch Co. | 48 | 0.16 | 0.80 | 1.10 | 0.46 | 0.88 |
TGT Target Corporation | 57 | 0.56 | 0.98 | 1.12 | 1.02 | 2.16 |
CPRX Catalyst Pharmaceuticals, Inc. | 39 | 0.03 | 0.28 | 1.03 | 0.12 | 0.21 |
HRMY Harmony Biosciences Holdings, Inc. | 24 | -0.35 | -0.21 | 0.97 | -0.42 | -0.90 |
BBW Build-A-Bear Workshop, Inc. | 37 | -0.09 | 0.31 | 1.04 | -0.04 | -0.08 |
PRMB Primo Brands Corp | 8 | -1.00 | -1.31 | 0.79 | -0.77 | -1.25 |
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Dividends
Dividend yield
MAGIC FORMULA provided a 1.24% dividend yield over the last twelve months.
| TTM | 2025 | |
|---|---|---|
| Portfolio | 1.24% | 0.59% |
Monthly Dividends
The table below shows the monthly dividends paid by this portfolio.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $12.45 | $6.77 | $0.00 | $19.22 | ||||||||
| 2025 | $14.57 | $0.00 | $14.57 |
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 MAGIC FORMULA. 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 MAGIC FORMULA was 15.29%, occurring on Dec 2, 2025. Recovery took 27 trading sessions.
The current MAGIC FORMULA drawdown is 7.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.29% | Nov 13, 2025 | 13 | Dec 2, 2025 | 27 | Jan 12, 2026 | 40 |
| -10.61% | Mar 11, 2026 | 8 | Mar 20, 2026 | — | — | — |
| -7.33% | Feb 9, 2026 | 10 | Feb 23, 2026 | 11 | Mar 10, 2026 | 21 |
| -3.48% | Jan 20, 2026 | 7 | Jan 28, 2026 | 4 | Feb 3, 2026 | 11 |
| -3.02% | Feb 4, 2026 | 2 | Feb 5, 2026 | 1 | Feb 6, 2026 | 3 |
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 6 assets, with an effective number of assets of 2.26, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | ANF | CPRX | PRMB | TGT | HRMY | BBW | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.25 | 0.33 | 0.18 | 0.18 | 0.39 | 0.33 | 0.25 |
| ANF | 0.25 | 1.00 | -0.03 | 0.22 | 0.37 | 0.14 | 0.37 | -0.11 |
| CPRX | 0.33 | -0.03 | 1.00 | 0.11 | 0.02 | 0.53 | 0.11 | 0.45 |
| PRMB | 0.18 | 0.22 | 0.11 | 1.00 | 0.28 | 0.16 | 0.25 | 0.42 |
| TGT | 0.18 | 0.37 | 0.02 | 0.28 | 1.00 | 0.03 | 0.35 | 0.49 |
| HRMY | 0.39 | 0.14 | 0.53 | 0.16 | 0.03 | 1.00 | 0.19 | 0.42 |
| BBW | 0.33 | 0.37 | 0.11 | 0.25 | 0.35 | 0.19 | 1.00 | 0.44 |
| Portfolio | 0.25 | -0.11 | 0.45 | 0.42 | 0.49 | 0.42 | 0.44 | 1.00 |