Welcome to the weekly report of the 3Month Horizon 10Alt Fund
Monthly performance
Weekly Performance
Report
The week started a bit choppy on the fund but after the rebalancing last 08-27 it seems that the new assets started to pickup the pace again.
I will talk a bit more about what exited and what coins entered the fund, but here is a quick recap about the fund strategy:
- At the beginning of each month, 10 altcoins will be picked, based on the growth potential on the next 3 months, based on my own analysis, wich is a mix of technical, fundamental and sentiment analysis;
- The fund will have a 1 month profit target, and each asset will have it's own profit target;
- If an asset reach the target price, i will start to remove that asset position on the fund, adding to a BTC position;
- If the fund reach a 100% BTC position, it will stay that way until the end of the month cycle.
- Once a week, i will post a report, talking about the fund performance;
Best and worst asset performance
(Due to the rebalance that happened on the middle of the week, i won't talk about wich asset performed best and worse)
Risk Ratios performance
Monthly performance
Calmar Ratio
Report #1: 1.82
Report #2: 2.19
Performance: +0.37
Reference:
above 0.5 = good
above 3.0 = very good
Sharpe Ratio
Report #1: 3.83
Report #2: 4.51
Performance: +0.68
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 #1: 62.25
Report #2: 93.09
Performance: +30.84
Reference:
above 2 = good
Fund profit target (09-27)
68.67%
Assets rebalace
A rebalance happened last 08-27, with the followin changes:
Assets leaving the fund
- Zcash (ZEC)
"Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions using advanced cryptography."(source)
- Compound (COMP)
"Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol.
By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be incentivized to collectively steward the protocol into the future with good governance." (source)
- Crypto.com(MCO)
"Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 200+ strong team. For more information, please visit www.crypto.com." (source)
- Band Protocol (BAND)
Band Protocol offers a decentralized data oracle by making data readily available to be queried on-chain, using delegated proof of stake (“dPoS”) to ensure data integrity. It aims to be the go-to data infrastructure layer for Web 3.0 applications by providing decentralized, curated off-chain data to smart contracts through oracles managed by its dPoS consensus mechanism. (source)
- Chromia (CHR)
Chromia (by ChromaWay) is a new blockchain platform for decentralized applications, conceived in response to the shortcomings of existing platforms and designed to enable a new generation of dapps to scale beyond what is currently possible. Chromia is both a blockchain and a relational database. This means that decentralized applications (dapps) can be written in a way that is familiar to developers all over the world, whether they work on large enterprise applications, games, or smaller projects.
- ICON (ICX)
ICON is an interconnecting blockchain network. ICON can connect independent blockchains without the use of additional third-party intermediaries. Various blockchains can communicate with each other through the ICON platform. By connecting siloed blockchains, ICON aims to become the largest blockchain in existence.(source)
- ANKR (ANKR)
Ankr strives to build a resource efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastructure for business applications. Ankr Network proposes a novel blockchain solution that addresses the current barrier to mass business adoption: (1) Resource-efficient mining scheme based on Proof of Useful Work (2) Scalable Blockchain framework through Plasma sidechains and sharding (3) Native oracle service connecting real-world data of existing Internet solutions to on-chain entities (source)
Assets staying on the fund
Aave (LEND) - (Before 7%, Now 1%)
Aave is an open source and non-custodial protocol enabling the creation of money markets. Users can earn interest on deposits and borrow assets. (source)
LEND looks like it reached a price consolidation and there isn't much volume on the markets lately. There is still a small space to grow.
Target Price: $0.81
KAVA (KAVA) - (Before 3%, Now 13%)
Kava describes itself as a cross-chain Defi platform for cryptoassets. (source)
KAVA started the week with some good news about the project, becoming integrated on Binance. This can create a volume increase on the markets and can push the price up.
Target Price: $6.65
THETA (THETA) - (Before 2%, Now 2%)
Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Theta is an open source protocol purpose-built to power the decentralized streaming network and will allow for vertical decentralized apps (DApps) to be built on top of the platform to enable esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming, and more.
THETA still on a healthy uptrend, with some correction. I will be keeping the position as it is to see what will happen.
Target Price - $0.496
(OBS: The target price have already been reached, and i will start to exit this position during the next week)
Genesis Vision Token (GVT) - 1%
A platform for the private trust management market, built on blockchain technology and smart contracts. They unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. (source)
No changes on GVT, but there is a mandatory 1% on the fund
New assets entering the fund
PolkaDOT (DOT) - 61%
Polkadot development is on track to deliver the most robust platform for security, scalability, and innovation. Currently, Polkadot is in the Governance and Removing Sudo phase of launch.
Target Price: $25.78
yearn.finance(YFI) - 11%
The purpose of yearn.finance is simple. Yield aggregator for lending platforms that rebalances for the highest yield during contract interaction.
Target Price: $23743.70
OMG Network (OMG) - 3%
OMG Network (first developed as OmiseGO) is a non-custodial, Layer 2 scaling solution for transferring value on Ethereum. How the protocol processes transactions is centralized, but its Plasma-based design aims to decentralize network security. It also relies on Ethereum at its final arbitration layer. Most blockchain ecosystems are limited by low throughput, high and unpredictable transaction fees, and poor user experience. The project’s team believes these are barriers that need to be overcome before businesses and developers will adopt blockchain for real-world applications, leading them to develop the OMG Network.
Target Price: $6.00
Balancer (BAL) - 4%
Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor.
Target Price: $28.767
Hedera Hashgraph (HBAR) - 2%
The Hedera hashgraph platform provides a new form of distributed consensus; a way for people who don’t know or trust each other to securely collaborate and transact online without the need for a trusted intermediary. Hashgraph is the first asynchronous byzantine fault tolerant (aBFT) consensus algorithm that results in fair ordering, fast finality, and secure propagation. It is the foundation of the next generation of Distributed Ledger Technology (DLT).
Target Price: $0.0486
Ren (REN) - 1%
Republic Protocol is rebranded to Ren. Ren is powered by a decentralized network of Darknodes that use secure multiparty computation to run privacy preserving applications. REN is a utility token that provides security to the network.
Target Price: $0.444
Algorand (ALGO) - 1%
Algorand removes the technical barriers that for years undermined mainstream blockchain adoption: decentralization, scale, and security. Now you can build on a stable platform you trust.
Target Price: $0.5547
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