Welcome to the weekly report of the 3Month Horizon 10Alt Fund

Last week Report

Monthly performance

Weekly Performance

Report

It was a really rough week for the fund because everyone already knows at this point, BTC price dropped quickly when it hit the $12k mark back to the $10k level.

And as always, every other cryptocurrency price is pulled down with it.

Another interesting happening that affected the fund this week was some bad news regarding another Defi project, and since this month most of the asset is related some DeFi project, the SUSHI dump probably had an extra effect on these projects.

But not everything is bad news.

As stated on last week report we started the month with 11% allocated on the token YFI (yearn.finance), and a few days later, the asset reached our target price of $23743, and b 09-04 I was able to close all position of that asset in a good profit zone.

Unfortunately, the Genesis Vision System only allow the funds managers to reallocate 3% every day, so I wasn't able to exit other assets positions in time.

Another good news is that the fund got his first investor! Welcome.

Also, I am learning more about the Genesis Vision Platform mechanics these past days, and one of the interesting features they have is a 'Fund of the week' prize, where those with the best week performance get an extra 50 GVT added to the fund balance.

To be part of this competition, we will have a limit on the share of any individual asset, that can't be higher than 50%

Thas is it for now, but i am planning some improvements on the process assets reallocation, and i will keep you all informed whenever possible.

Risk Ratios performance

Monthly performance

Calmar Ratio

Report #2: 2.19
Report #2: -0.75

Performance: -2.94

Reference:

above 0.5 = good
above 3.0 = very good

Sharpe Ratio

Report #2: 4.51
Report #3: -4.31

Performance: -8.82

Reference:

It is positive when the investment’s return is greater than the risk-free rate.
It is negative when the investment’s return is lower than the risk free rate.
It is exactly zero when the investment’s return is exactly equal to the risk-free rate.

Sortino Ratio

Report #2: 93.09
Report #3: -4.22

Performance: -97.31

Reference:

above 2 = good

Fund profit target (09-27)

68.67%

Assets rebalance

yearn.finance(YFI) - from 11% to 0%

The target price was reached within this week, and the position was closed.

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