Periodically, we like to take a look at the performance of our JXM stock picks. As we strive to stay ahead of the market, we consistently review our performance and make adjustments in our algorithm if necessary.
The following table is a summary of our most recent stock picks:
To analyze our performance, we recorded the date of our stock pick, the ticker symbol, the position held, and the stock price after 5, 10, 15, 30, 45, and 60 day hold periods. We then calculate the percentage price change for each period while averaging the performance for each stock as well as each time period.
The JXM selections appear to be fairly strong, predicting a successful outcome over 80% of the time, as measured by positive price movement on average or at any given period. If an investor held each of these stocks for only 45 days, they would have an average performance of nearly 10%, with only 2 losing positions.
It should be noted that this table does dot not reflect managed positions such as short term holds, options or even stop loss protection. With such protections, the performance would be even stronger.
Based on these results, it appears the algorithm is working and does not require any adjustments to account for any changes in the overall market.