|Day Low/High||35.61 / 35.79|
|52 Wk Low/High||31.07 / 44.99|
As we enter the dog days of summer, with lower volume and perhaps more volatility, portfolio performance may get interesting.
This is the first inception-to-date period that the portfolio has not outperformed its benchmarks.
These 22 stocks in the aggregate are still outpacing the Russell 2000 and Russell Microcap indices, but by a narrower margin than before.
These 22 stocks in the aggregate continue to outpace the Russell 2000 and Russell Microcap indices as all but three are in positive territory.
Titan Machinery is the top performer so far in 2019, up 38% since portfolio launch.
The 22 names in the portfolio as a group are outpacing the value components of the Russell 2000 and Russell Microcap indices.
Despite disappointing performance this year, the strategy has shown solid return in the past.
It was not a great year for this value portfolio, with only 5 stocks in positive territory for the year.
This mix of 20 deep-value names was outperforming a couple Russell indices three months back but is trailing them now.
Fossil Group has done most of the heavy lifting among the small stocks in the portfolio, though there are other winners, too.
FOSL is up 92% since I launched this group, while HIBB is ahead 27%.
It is always important see how such value screens perform in times of market stress.
One month in, 15 out of 20 names are in positive territory, with Fossil Group soaring 39%.
The 20 companies in this portfolio could be of interest to deep-value investors.
Overall it was a good year for this somewhat off the wall screen that I developed several years ago as a way to find seemingly cheap companies.
Electro Scientific Industries leads a parade of value stocks that have performed quite nicely in a growth-oriented market.
Despite the disparity this year between growth and value, my 2017 Double Net Value Portfolio is not struggling.
It has been 18 months since the portfolio was unveiled, and the results have been impressive on the whole, with one big exception.
My tracking portfolio is flat for the year to date, though there have been wildly divergent performances by the constituent stocks.
An eclectic mix of 20 companies made my cut of stocks trading at 1x to 2x net current asset value.
Still, I am neither disappointed nor thrilled with the performance.
Nearly six months since inception, the portfolio comprised of under-the-radar names is up about 25%.
I am planning to pick up these two cheap, cash-rich companies on the next dip.