MTUM: 60-day history, VaR(99%)=-0.0172, max drawdown threshold=10%.

Question:
Asset: MTUM
Daily returns (past 60 days): mean=-0.0003, std=0.0091, worst_day=-0.0172
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-01] ["GRAPHIC-Nvidia runaway winner in market cap addition in May June 1 (Reuters) - Nvidia Corp's NVDA.OQ market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data. The chipmaker briefly joined the $1 trillion valuation club, as investors bet on its potential to become a major beneficiary of a boom in artificial intelligence following a revenue forecast that was more than 50% above the Wall Street estimate The company's shares are up 159% so far this year. Taiwan Semiconductor Manufacturing Co Ltd 2330.TW, a key manufacturer of Nvidia's chips, also saw a big jump in its market cap last month. Saudi Arabian Oil 2222.SE and Exxon Mobil Corp XOM.N were the biggest losers in terms of market cap, hit by a decline in oil prices last month. Apple AAPL.OQ and Microsoft MSFT.OQ led the list with the highest market capitalisation in the world. Top 20 companies in the world by market cap https://tmsnrt.rs/45JVJXt Change in market cap in May https://tmsnrt.rs/3qgKBRH (Reporting By Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Sriraj Kalluvila) ((patturaja.muruga@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Meta's Zuckerberg unveils Quest 3 mixed reality headset NEW YORK, June 1 (Reuters) - Meta Platforms META.O CEO Mark Zuckerberg revealed the company's next generation mixed reality headset, the Quest 3, in an Instagram post on Thursday as part of its annual gaming conference. The announcement came less than a week before tech rival Apple AAPL.O was expected to unveil its first mixed reality device, which combines augmented and virtual reality elements. Meta currently dominates the market for AR/VR devices, with a nearly 80% share of the 8.8 million headsets sold in 2022, according to an estimate by market research firm IDC. (Reporting by Katie Paul; Editing by Lisa Shumaker) ((Katie.Paul@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Meta's Zuckerberg unveils Quest 3 mixed reality headset By Katie Paul NEW YORK, June 1 (Reuters) - Meta Platforms META.O CEO Mark Zuckerberg revealed the company's next generation mixed reality headset, the Quest 3, in an Instagram post on Thursday as part of its annual gaming conference. Priced starting at $499, the device will be 40% thinner than the company's previous device and feature color mixed reality, which combines augmented and virtual reality elements, Zuckerberg said in his post. The Quest 3 also will have a new Qualcomm chipset with twice the graphics performance, Zuckerberg said, and promised more details at the company's virtual reality conference in September. Zuckerberg's announcement came less than a week before tech rival

Determine the maximum fraction of total portfolio capital that should be allocated to MTUM, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0172 (i.e., a 1.72% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0172 = 5.8288, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


AVAX-USD: 60-day history, VaR(99%)=-0.0806, max drawdown threshold=10%.

Question:
Asset: AVAX-USD
Daily returns (past 60 days): mean=0.0019, std=0.0497, worst_day=-0.0828
Maximum acceptable portfolio drawdown: 10%
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to AVAX-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0806 (i.e., a 8.06% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0806 = 1.2411, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.0649, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=-0.0033, std=0.0255, worst_day=-0.0684
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to XRP-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0649 (i.e., a 6.49% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0649 = 1.5399, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLI: 60-day history, VaR(99%)=-0.0220, max drawdown threshold=10%.

Question:
Asset: XLI
Daily returns (past 60 days): mean=-0.0001, std=0.0100, worst_day=-0.0222
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[SEC 10-Q UNH 2024-08-09] unh-20240630 false 2024 Q2 0000731766 12/31 50 xbrli:shares iso4217:USD iso4217:USD xbrli:shares utr:Rate xbrli:pure unh:reportableSegments 0000731766 2024-01-01 2024-06-30 0000731766 2024-07-31 0000731766 2024-06-30 0000731766 2023-12-31 0000731766 2024-04-01 2024-06-30 0000731766 2023-04-01 2023-06-30 0000731766 2023-01-01 2023-06-30 0000731766 us-gaap:ProductMember 2024-04-01 2024-06-30 0000731766 us-gaap:ProductMember 2023-04-01 2023-06-30 0000731766 us-gaap:ProductMember 2024-01-01 2024-06-30 0000731766 us-gaap:ProductMember 2023-01-01 2023-06-30 0000731766 us-gaap:ServiceMember 2024-04-01 2024-06-30 0000731766 us-gaap:ServiceMember 2023-04-01 2023-06-30 0000731766 us-gaap:ServiceMember 2024-01-01 2024-06-30 0000731766 us-gaap:ServiceMember 2023-01-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2024-03-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000731766 us-gaap:RetainedEarningsMember 2024-03-31 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2024-03-31 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2024-03-31 0000731766 us-gaap:NoncontrollingInterestMember 2024-03-31 0000731766 2024-03-31 0000731766 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2024-04-01 2024-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2024-04-01 2024-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2024-04-01 2024-06-30 0000731766 us-gaap:CommonStockMember 2024-04-01 2024-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0000731766 us-gaap:CommonStockMember 2024-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0000731766 us-gaap:RetainedEarningsMember 2024-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2024-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2024-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2024-06-30 0000731766 us-gaap:CommonStockMember 2023-03-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000731766 us-gaap:RetainedEarningsMember 2023-03-31 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-03-31 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-03-31 0000731766 us-gaap:NoncontrollingInterestMember 2023-03-31 0000731766 2023-03-31 0000731766 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2023-04-01 2023-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-04-01 2023-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-04-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-04-01 2023-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0000731766 us-gaap:RetainedEarningsMember 2023-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2023-06-30 0000731766 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-12-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000731766 us-gaap:RetainedEarningsMember 2023-12-31 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-12-31 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000731766 us-gaap:NoncontrollingInterestMember 2023-12-31 0000731766 us-gaap:RetainedEarningsMember 2024-01-01 2024-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2024-01-01 2024-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-01 2024-06-30 0000731766 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-06-30 0000731766 us-gaap:CommonStockMember 2022-12-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000731766 us-gaap:RetainedEarningsMember 2022-12-31 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2022-12-31 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0000731766 us-gaap:NoncontrollingInterestMember 2022-12-31 0000731766 2022-12-31 0000731766 us-gaap:RetainedEarningsMember 2023-01-01 2023-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-01-01 2023-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-01-01 2023-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-06-30 0000731766 unh:ProductsAndServicesMember 2024-06-30 0000731766 unh:ProductsAndServicesMember 2023-12-31 0000731766 2024-07-01 2024-06-30 0000731766 us-gaap:USTreasuryAndGovernmentMember 2024-06-30 0000731766 us-gaap:USStatesAndPoliticalSubdivisionsMember 2024-06-30 0000731766 us-gaap:CorporateDebtSecuritiesMember 2024-06-30 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2024-06-30 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember 2024-06-30 0000731766 us-gaap:USTreasuryAndGovernmentMember 2023-12-31 0000731766 us-gaap:USStatesAndPoliticalSubdivisionsMember 2023-12-31 0000731766 us-gaap:CorporateDebtSecuritiesMember 2023-12-31 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2023-12-31 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember 2023-12-31 0000731766 us-gaap:DebtSecuritiesMember 2024-06-30 0000731766 us-gaap:DebtSecuritiesMember 2023-12-31 0000731766 us-gaap:FairValueInputsLevel1Member 2024-06-30 0000731766 us-gaap:FairValueInputsLevel2Member 2024-06-30 0000731766 us-gaap:FairValueInputsLevel3Member 2024-06-30 0000731766 us-gaap:Fair [...TRUNCATED...] ncorporation of UnitedHealth Group Incorporated (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form 8-A/A filed on July 1, 2015) 3.2 Amended and Restated Bylaws of UnitedHealth Group Incorporated, effective February 23, 2021 (incorporated by reference to Exhibit 3.2 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on February 26, 2021) 4.1 Amended and Restated Indenture, dated as of April 27, 2023, between UnitedHealth Group Incorporated and Wilmington Trust Company, as successor trustee (incorporated by reference to Exhibit 4.1 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on April 28, 2023) 4.2 Indenture, dated as of February 4, 2008, between UnitedHealth Group Incorporated and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-3, SEC File Number 333-149031, filed on February 4, 2008) 4.3 Supplemental Indenture, dated as of April 18, 2023, between UnitedHealth Group Incorporated and U.S. Bank Trust Company, National Association, as trustee, relating to the 6.875% Senior Notes due 2038 (incorporated by reference to Exhibit 4.1 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on April 24, 2023) 31.1 Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.1 Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101.INS XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH Inline XBRL Taxonomy Extension Schema Document. 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document. 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. 104  Cover Page Interactive Data File (formatted as Inline XBRL and embedded within Exhibit 101).  ________________ * Pursuant to Item 601(b)(4)(iii) of Regulation S-K, copies of instruments defining the rights of certain holders of long-term debt are not filed. The Company will furnish copies thereof to the SEC upon request. 27 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   UNITEDHEALTH GROUP INCORPORATED   /s/ A NDREW W ITTY Chief Executive Officer (principal executive officer) Dated: August 9, 2024 Andrew Witty    /s/ J OHN R EX President and Chief Financial Officer (principal financial officer) Dated: August 9, 2024 John Rex    /s/ T HOMAS R OOS Senior Vice President and Chief Accounting Officer (principal accounting officer) Dated: August 9, 2024 Thomas Roos    28

Determine the maximum fraction of total portfolio capital that should be allocated to XLI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0220 (i.e., a 2.20% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0220 = 4.5545, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


USMV: 60-day history, VaR(99%)=-0.0122, max drawdown threshold=10%.

Question:
Asset: USMV
Daily returns (past 60 days): mean=-0.0003, std=0.0061, worst_day=-0.0123
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-02] ["Guru Fundamental Report for AAPL Below is Validea's guru fundamental report for APPLE INC (AAPL). Of the 22 guru strategies we follow, AAPL rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum. APPLE INC (AAPL) is a large-cap growth stock in the Communications Equipment industry. The rating using this strategy is 94% based on the firm\u2019s underlying fundamentals and the stock\u2019s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. FUNDAMENTAL MOMENTUM: PASS TWELVE MINUS ONE MOMENTUM: PASS FINAL RANK: PASS Detailed Analysis of APPLE INC AAPL Guru Analysis AAPL Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper \"Twin Momentum\" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance. Additional Research Links Top NASDAQ 100 Stocks Top Technology Stocks Top Large-Cap Growth Stocks High Momentum Stocks High Insider Ownership Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Apple (AAPL) Q4 2023 Earnings: What to Expect S ince mid June, Apple (AAPL) shares have not performed as well as investors would have liked. Its shares have fallen more than 14% over the past three months, including a 3% decline in the past thirty days. Apple has fallen victim to the market\u2019s bearishness towards mega-cap tech amid rising interest rates. Despite that

Determine the maximum fraction of total portfolio capital that should be allocated to USMV, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0122 (i.e., a 1.22% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0122 = 8.1935, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLI: 60-day history, VaR(99%)=-0.0198, max drawdown threshold=10%.

Question:
Asset: XLI
Daily returns (past 60 days): mean=0.0014, std=0.0092, worst_day=-0.0244
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-14] ["3 No-Brainer Dividend Stocks to Buy and Hold for 20 Years Successful investing is not as complicated as some make it out to be. Sticking with the brands you use every day, and holding for many years, is a great place to start. Top stocks, such as Apple (NASDAQ: AAPL), Starbucks (NASDAQ: SBUX), and Costco Wholesale (NASDAQ: COST), have a long record of beating the market's average return. The best part is that these companies are so consistent in generating profitable growth from their businesses that they dish out a steady stream of growing dividends to shareholders. Let's find out more why three Motley Fool contributors believe these stocks are no-brainer buys for the next 20 years. Apple has massive cash resources to fund a growing dividend John Ballard (Apple): Investors shouldn't focus only on buying stocks with high yields, since companies that pay high yields are either struggling financially or lacking growth. A smart way to build up dividend income you'll need for retirement is focusing on companies that offer dividend growth. A company that has a long record of raising its dividend payment usually reflects growing demand for the company's products. Moreover, a multiyear record of dividend increases reflects management's confidence in the future of the company. Apple is a great example. Over the past 10 years, its annual dividend grew by 130%, or more than double its fiscal 2013 dividend payment. It has increased the dividend for 12 consecutive years, and because it only pays out 14% of its earnings, Apple can continue increasing the dividend even if earnings are down during an investment year or recession. While the dividend yield on Apple stock is below average at just 0.49% right now, its yield could increase over the next two decades. If Apple doubles its dividend in each decade through 2043, investors who buys shares today could potentially earn a dividend yield on their cost basis approaching 2%. If Apple also doubles its payout closer to 30% of its earnings, the yield could approach 4%. Apple has attractive long-term growth prospects. It should continue to grow through expanding its installed base of active devices, launching new products (e.g., Vision Pro in 2024), and continuing to expand its services business, which should be a great source of profitable growth to help fund future dividend increases. The iPhone, which makes up half of the company's annual revenue, has made Apple one of the most profitable companies in the world. Apple generated $99 billion in free cash flow on $383 billion of revenue over the past year. The resources it has will pave the way for more new products, more profitable growth, and growing dividends for years to come. A buy-on-the-dip dividend opportunity Jennifer Saibil (Starbucks): Starbucks doesn't have any competition as the leader in coffee shops, and it's opening new stores, innovating with beverages, and making other important changes to keep its top spot. The company hired a new CEO this year

Determine the maximum fraction of total portfolio capital that should be allocated to XLI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0198 (i.e., a 1.98% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0198 = 5.0613, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BNB-USD: 60-day history, VaR(99%)=-0.0742, max drawdown threshold=10%.

Question:
Asset: BNB-USD
Daily returns (past 60 days): mean=0.0001, std=0.0303, worst_day=-0.0765
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to BNB-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0742 (i.e., a 7.42% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0742 = 1.3469, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLY: 60-day history, VaR(99%)=-0.0195, max drawdown threshold=10%.

Question:
Asset: XLY
Daily returns (past 60 days): mean=0.0023, std=0.0101, worst_day=-0.0204
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2024-01-09] ["Is iShares Semiconductor ETF (SOXX) a Strong ETF Right Now? The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns. Fund Sponsor & Index The fund is managed by Blackrock, and has been able to amass over $9.93 billion, which makes it one of the largest ETFs in the Technology ETFs. SOXX, before fees and expenses, seeks to match the performance of the PHLX SOX Semiconductor Sector Index. The ICE Semiconductor Index measures the performance of U.S. traded securities of companies engaged in the semiconductor business. Cost & Other Expenses Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Operating expenses on an annual basis are 0.35% for SOXX, making it one of the least expensive products in the space. It's 12-month trailing dividend yield comes in at 0.81%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. Representing 100% of the portfolio, the fund has heaviest allocation to the Information Technology sector. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). SOXX's top 10 holdings account for about 59.63% of its total assets under management. Performance and Risk So far this year, SOXX has lost about -2.88%, and was up about 55.09% in the last one year (as of 01/09/2024). During this past 52-week period, the fund has traded between $373.83 and $581.45. The ETF has a beta of 1.37 and standard deviation of 34.63% for the trailin

Determine the maximum fraction of total portfolio capital that should be allocated to XLY, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0195 (i.e., a 1.95% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0195 = 5.1313, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLK: 60-day history, VaR(99%)=-0.0234, max drawdown threshold=10%.

Question:
Asset: XLK
Daily returns (past 60 days): mean=0.0021, std=0.0094, worst_day=-0.0265
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[SEC 10-K AMZN 2024-02-02] amzn-20231231 false 2023 FY 0001018724 http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent P3Y P1Y P1Y http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent P01Y P2Y 50 0001018724 2023-01-01 2023-12-31 0001018724 2023-06-30 iso4217:USD 0001018724 2024-01-24 xbrli:shares 0001018724 2020-12-31 0001018724 2021-12-31 0001018724 2022-12-31 0001018724 2021-01-01 2021-12-31 0001018724 2022-01-01 2022-12-31 0001018724 2023-12-31 0001018724 us-gaap:ProductMember 2021-01-01 2021-12-31 0001018724 us-gaap:ProductMember 2022-01-01 2022-12-31 0001018724 us-gaap:ProductMember 2023-01-01 2023-12-31 0001018724 us-gaap:ServiceMember 2021-01-01 2021-12-31 0001018724 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001018724 us-gaap:ServiceMember 2023-01-01 2023-12-31 iso4217:USD xbrli:shares 0001018724 us-gaap:CommonStockMember 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amzn:VendorAccountsReceivableMember 2023-12-31 0001018724 us-gaap:LoansReceivableMember 2022-12-31 0001018724 us-gaap:LoansReceivableMember 2023-12-31 00 [...TRUNCATED...] tents 32.2 Certification of Brian T. Olsavsky, Senior Vice President and Chief Financial Officer of Amazon.com, Inc., pursuant to 18 U.S.C. Section 1350. 97.1 Amazon.com, Inc. Clawback Policy. 101 The following financial statements from the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, formatted in Inline XBRL: (i) Consolidated Statements of Cash Flows, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income (Loss), (iv) Consolidated Balance Sheets, (v) Consolidated Statements of Stockholders’ Equity, and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags. As permitted by Item 601(b)(4)(iii)(A) of Regulation S-K, the Company has not filed with this Annual Report on Form 10-K certain instruments defining the rights of holders of long-term debt of the Company and its subsidiaries because the total amount of securities authorized thereunder does not exceed 10 percent of the total assets of the Company and its subsidiaries on a consolidated basis. The Company agrees to furnish a copy of such agreements to the Commission upon request. 104 The cover page from the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, formatted in Inline XBRL (included as Exhibit 101). __________________ †    Executive Compensation Plan or Agreement. Item 16. Form 10-K Summary None. 77 Table of Contents SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized, as of February 1, 2024.   AMAZON.COM, INC. By: /s/ Andrew R. Jassy Andrew R. Jassy President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the registrant and in the capacities indicated as of February 1, 2024.   Signature Title /s/ Andrew R. Jassy Andrew R. Jassy President and Chief Executive Officer (Principal Executive Officer) and Director /s/ Brian T. Olsavsky Brian T. Olsavsky Senior Vice President and Chief Financial Officer (Principal Financial Officer) /s/ Shelley L. Reynolds Shelley L. Reynolds Vice President, Worldwide Controller (Principal Accounting Officer) /s/ Jeffrey P. Bezos Jeffrey P. Bezos Executive Chair /s/ Keith B. Alexander Keith B. Alexander Director /s/ Edith W. Cooper Edith W. Cooper Director /s/ Jamie S. Gorelick Jamie S. Gorelick Director /s/ Daniel P. Huttenlocher Daniel P. Huttenlocher Director /s/ Judith A. McGrath Judith A. McGrath Director /s/ Indra K. Nooyi Indra K. Nooyi Director /s/ Jonathan J. Rubinstein Jonathan J. Rubinstein Director /s/ Brad D. Smith Brad D. Smith Director /s/ Patricia Q. Stonesifer Patricia Q. Stonesifer Director /s/ Wendell P. Weeks Wendell P. Weeks Director 78

Determine the maximum fraction of total portfolio capital that should be allocated to XLK, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0234 (i.e., a 2.34% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0234 = 4.2735, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.0676, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=0.0035, std=0.0313, worst_day=-0.0711
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to XRP-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0676 (i.e., a 6.76% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0676 = 1.4803, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


QUAL: 60-day history, VaR(99%)=-0.0177, max drawdown threshold=10%.

Question:
Asset: QUAL
Daily returns (past 60 days): mean=0.0005, std=0.0091, worst_day=-0.0191
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-14] ["Berkshire invests in Atlanta Braves, sheds GM and other stocks Nov 14 (Reuters) - Berkshire Hathaway BRKa.N, the conglomerate run by billionaire Warren Buffett, on Tuesday said it has made a small investment in the company that indirectly owns the Atlanta Braves baseball team, and eliminated its holdings in General Motors GM.N and Procter & Gamble PG.N. The changes were disclosed in a regulatory filing that detailed Berkshire's U.S.-listed stock holdings, which comprise most of its $318.6 billion equity portfolio, as of Sept. 30. Berkshire sold $7 billion of stocks and bought just $1.7 billion in the third quarter, a down period for its stock holdings led by Apple AAPL.O, whose share price fell 12%. (Reporting by Jonathan Stempel in New York; Editing by Christian Schmollinger) ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Pilgrim's Pride and Malibu Boats have been highlighted as Zacks Bull and Bear of the Day For Immediate Release Chicago, IL \u2013 November 14, 2023 \u2013 Zacks Equity Research shares Pilgrim's Pride PPC as the Bull of the Day and Malibu Boats MBUU as the Bear of the Day. In addition, Zacks Equity Research provides analysis on The Walt Disney Company DIS, Apple Inc. AAPL and Amazon.com, Inc. AMZN. Here is a synopsis of all five stocks: Bull of the Day: Pilgrim's Pride is a Zacks Rank #1 (Strong Buy) that engages in the production, processing, marketing and distribution of fresh, frozen, and value-added chicken, and pork products to retailers, distributors, and foodservice operators. The stock is trading at 52-week highs after a revenue and earnings beat. While PPC is trading up about 15% on the year, it is still down 25% from 2022 highs. Investors should be looking for more upside if the stock can break the resistance level at $26.50. More About Pilgrim's Pride The company was founded in 1946 and is headquartered in Greeley, Colorado. It employs over 61,000 people and has a market cap of $6 billion. Pilgrim's Pride offers its products under the Pilgrim's, Just BARE, Gold'n Pump, Gold Kist, County Pride, Pierce Chicken, Pilgrim's Mexico, County Post, Savoro, To-Ricos, Del Dia, Moy Park, O'Kane, Richmond, Fridge Raiders, and Denny brands. The company sells its products to chain restaurants, food processors, broad-line distributors, and the retail market. PPC has a Zacks Style Score of \"A\" in Value and \"B\" in Growth. The stock has a Forward PE of 17 and pays no dividend. Q3 Earnings In late October, PPC reported a 14% earnings beat on revenues. This the seventh straight earnings beat for the company who has not missed on earnings expectations since late 2021. Q3 came in at $0.58 v $0.42 expected and revenues were $4.4B v $4.29Be. Adjusted EBITDA margins were 7.4%, which was down from the 10.3% last year. While the company e

Determine the maximum fraction of total portfolio capital that should be allocated to QUAL, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0177 (i.e., a 1.77% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0177 = 5.6593, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLP: 60-day history, VaR(99%)=-0.0140, max drawdown threshold=10%.

Question:
Asset: XLP
Daily returns (past 60 days): mean=0.0001, std=0.0061, worst_day=-0.0153
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-24] ["Wells Fargo Maintains Apple (AAPL) Overweight Recommendation Fintel reports that on July 24, 2023, Wells Fargo maintained coverage of Apple (NASDAQ:AAPL) with a Overweight recommendation. Analyst Price Forecast Suggests 0.16% Upside As of July 6, 2023, the average one-year price target for Apple is 192.24. The forecasts range from a low of 141.40 to a high of $252.00. The average price target represents an increase of 0.16% from its latest reported closing price of 191.94. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Apple is 413,641MM, an increase of 7.41%. The projected annual non-GAAP EPS is 6.36. For more in-depth coverage of Apple, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 6390 funds or institutions reporting positions in Apple. This is a decrease of 15 owner(s) or 0.23% in the last quarter. Average portfolio weight of all funds dedicated to AAPL is 3.91%, an increase of 45.88%. Total shares owned by institutions increased in the last three months by 37.90% to 14,010,479K shares. The put/call ratio of AAPL is 0.89, indicating a bullish outlook. What are Other Shareholders Doing? Berkshire Hathaway holds 915,560K shares representing 5.82% ownership of the company. In it's prior filing, the firm reported owning 895,136K shares, representing an increase of 2.23%. The firm increased its portfolio allocation in AAPL by 19.39% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 465,280K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 459,387K shares, representing an increase of 1.27%. The firm increased its portfolio allocation in AAPL by 18.69% over the last quarter. VFINX - Vanguard 500 Index Fund Investor Shares holds 347,041K shares representing 2.21% ownership of the company. In it's prior filing, the firm reported owning 345,686K shares, representing an increase of 0.39%. The firm increased its portfolio allocation in AAPL by 18.16% over the last quarter. Geode Capital Management holds 285,171K shares representing 1.81% ownership of the company. In it's prior filing, the firm reported owning 282,750K shares, representing an increase of 0.85%. The firm increased its portfolio allocation in AAPL by 18.38% over the last quarter. Price T Rowe Associates holds 234,017K shares representing 1.49% ownership of the company. In it's prior filing, the firm reported owning 226,281K shares, representing an increase of 3.31%. The firm increased its portfolio allocation in AAPL by 22.14% over the last quarter. Apple Background Information (This description is provided by the company.) Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Five companies in the U.S. information

Determine the maximum fraction of total portfolio capital that should be allocated to XLP, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0140 (i.e., a 1.40% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0140 = 7.1441, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


HYG: 60-day history, VaR(99%)=-0.0118, max drawdown threshold=10%.

Question:
Asset: HYG
Daily returns (past 60 days): mean=0.0002, std=0.0059, worst_day=-0.0137
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to HYG, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0118 (i.e., a 1.18% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0118 = 8.4793, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


^VIX: 60-day history, VaR(99%)=-0.0976, max drawdown threshold=10%.

Question:
Asset: ^VIX
Daily returns (past 60 days): mean=-0.0015, std=0.0577, worst_day=-0.1157
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-06] ["ROKU Collaborates With Tennis Channel to Launch T2 in the US Roku Inc. ROKU has announced a collaboration with Tennis Channel to launch T2, the sports network's second channel, on The Roku Channel in the United States. T2 is set to provide free and year-round access to live coverage of top tennis players and signature events for the vast audience of The Roku Channel, reaching an estimated 100 million people. For convenient access, viewers can easily navigate T2 through the Sports Experience on Roku's Home Screen. This feature simplifies the discovery and access of live, upcoming and on-demand sports content, enhancing engagement and awareness for Roku's content partners while providing a personalized viewing experience. T2's yearly live and encore calendar aligns with most tournaments covered by Tennis Channel, showcasing different matches and players. This unique approach allows viewers with access to both channels to choose between simultaneous competitions from prestigious events, such as the BNP Paribas Open, Roland Garros, Miami Open, Monte-Carlo Masters, Italian Open, Canadian Open, Davis Cup and the Billie Jean King Cup. Shares of this Zacks Rank #3 (Hold) company have gained 158.5% year to date compared with the Zacks Consumer Discretionary sector\u2019s rise of 12.4% due to its extensive collection of content. You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here. Roku, Inc. Price and Consensus Roku, Inc. price-consensus-chart | Roku, Inc. Quote ROKU\u2019s Recent Efforts to Boost Streaming Hours The company recently unveiled two fresh additions to the Roku Home Screen, such as All Things Food and All Things Home. These new destinations bring together top-notch food, home and lifestyle content from various sources on the platform, creating seamless and engaging discovery experiences. These new features are expected to boost streaming hours as well as platform revenues in the upcoming quarters. The Zacks Consensus Estimate for ROKU\u2019s 2023 streaming hours is pegged at 105.33 billion, indicating a year-over-year increase of 340.7%. The consensus estimate for 2023 platform revenues is pegged at $2.9 billion, indicating a year-over-year increase of 7.38%. Designed for user convenience, these hubs offer straightforward navigation and personalized recommendations, simplifying the exploration and viewing of genre entertainment directly from the home screen. Both All Things Food and All Things Home will showcase a diverse array of streaming options within their respective categories, encompassing free and subscription-based services, live and linear TV, Premium Subscriptions, Roku Originals and more. These features were added due to a recent survey commissioned by Roku. This recent survey revealed that 64% of streamers rely on genre-based searches when looking for new content, emphasizing the significance of genre preferences in content discovery. According to the survey, nearly 73% of streamers feel that the

Determine the maximum fraction of total portfolio capital that should be allocated to ^VIX, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0976 (i.e., a 9.76% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0976 = 1.0247, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLB: 60-day history, VaR(99%)=-0.0289, max drawdown threshold=10%.

Question:
Asset: XLB
Daily returns (past 60 days): mean=-0.0014, std=0.0119, worst_day=-0.0329
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-26] ["Alphabet CEO Sundar Pichai Commits to \"AI Pact\": What Does This Really Mean? The world of artificial intelligence (AI) is moving at a breakneck speed, and top corporate and political leaders are trying to safely guide its evolution. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) CEO Sundar Pichai met with European Commissioner for the internal market Thierry Breton on Wednesday to discuss the progression of AI and map out possible actions to help ensure the emerging technology doesn't get out of hand. In the meeting, Pichai promised that his company would join an \"AI pact\" and collaborate with other players in the artificial intelligence space on a volunteer basis to shape and abide by guidelines for tech development. But while there's seemingly a lot to like about the prospect of guardrails being put on AI, it's not clear that voluntary pacts or even strict laws will be able to address many of the potential problems that could arise. Could an AI pact help stave off potential disasters? While detailed specifics of what rules and guidelines members of an AI pact would be adhering to haven't been made available, Pichai's discussion with other members of the European Commission suggest that privacy standards and fighting misinformation could be key focuses. The rapid progression for artificial intelligence tech over the last year is unprecedented, and continued advances could be unwieldy. Because legislative bodies can be slow to act and laws vary between territories, it could be important for technology leaders to attempt to establish some kind of presiding framework for artificial intelligence initiatives. Taking a proactive approach to the problems and questions raised by incredible leaps forward for artificial intelligence could help minimize the possibility of disastrous outcomes stemming from the tech. The AI pact mentioned by Pichai at the meeting with Breton seems to be a step in this direction. But there's a risk that rules surrounding AI might not amount to much. For one, it's possible that voluntary AI guidelines and restrictions will be followed very loosely or only in the most nominal senses. It's also possible that those who don't abide by rules for the artificial intelligence project, whether self-imposed or through regulations, could actually gain significant competitive advantages. Controlling AI could be incredibly difficult The European Parliament is currently finalizing a new set of rules and restrictions that will govern AI technologies. The EU AI Act isn't officially law yet, but it's seemingly headed in that direction and could be a landmark response that plays a big role in the tech's evolution in Europe. But it might not be enough, and it may have unintended consequences. Developing ways to work around restrictions could be incentivized by the proposed regulations, and the speed at which AI tech has been progressing will make it difficult for regulators to keep up. Additionally, there are already signs that influential player

Determine the maximum fraction of total portfolio capital that should be allocated to XLB, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0289 (i.e., a 2.89% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0289 = 3.4613, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


HYG: 60-day history, VaR(99%)=-0.0135, max drawdown threshold=10%.

Question:
Asset: HYG
Daily returns (past 60 days): mean=0.0009, std=0.0074, worst_day=-0.0137
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to HYG, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0135 (i.e., a 1.35% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0135 = 7.3870, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.0610, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0002, std=0.0240, worst_day=-0.0799
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-08]

Determine the maximum fraction of total portfolio capital that should be allocated to ETH-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0610 (i.e., a 6.10% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0610 = 1.6387, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.0844, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=-0.0034, std=0.0438, worst_day=-0.0853
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to MATIC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0844 (i.e., a 8.44% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0844 = 1.1848, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


SOL-USD: 60-day history, VaR(99%)=-0.0831, max drawdown threshold=10%.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=0.0032, std=0.0436, worst_day=-0.0901
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-11]

Determine the maximum fraction of total portfolio capital that should be allocated to SOL-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0831 (i.e., a 8.31% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0831 = 1.2036, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BIL: 60-day history, VaR(99%)=-0.0000, max drawdown threshold=10%.

Question:
Asset: BIL
Daily returns (past 60 days): mean=0.0002, std=0.0001, worst_day=-0.0001
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to BIL, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0000 (i.e., a 0.00% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0000 = 2242.4251, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.0624, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=0.0046, std=0.0289, worst_day=-0.0625
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-11]

Determine the maximum fraction of total portfolio capital that should be allocated to XRP-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0624 (i.e., a 6.24% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0624 = 1.6024, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DOT-USD: 60-day history, VaR(99%)=-0.0696, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=0.0088, std=0.0400, worst_day=-0.0767
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-21]

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0696 (i.e., a 6.96% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0696 = 1.4368, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ADA-USD: 60-day history, VaR(99%)=-0.0621, max drawdown threshold=10%.

Question:
Asset: ADA-USD
Daily returns (past 60 days): mean=0.0023, std=0.0306, worst_day=-0.0632
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to ADA-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0621 (i.e., a 6.21% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0621 = 1.6101, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


AVAX-USD: 60-day history, VaR(99%)=-0.1087, max drawdown threshold=10%.

Question:
Asset: AVAX-USD
Daily returns (past 60 days): mean=0.0250, std=0.0600, worst_day=-0.1393
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-10]

Determine the maximum fraction of total portfolio capital that should be allocated to AVAX-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.9200

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1087 (i.e., a 10.87% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1087 = 0.9200, capped at 1.0.
Maximum position size = 0.9200 (92.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.0608, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0083, std=0.0376, worst_day=-0.0717
Maximum acceptable portfolio drawdown: 10%
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to ETH-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0608 (i.e., a 6.08% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0608 = 1.6445, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


EWJ: 60-day history, VaR(99%)=-0.0189, max drawdown threshold=10%.

Question:
Asset: EWJ
Daily returns (past 60 days): mean=0.0009, std=0.0097, worst_day=-0.0246
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-06] ["After Hours Most Active for Mar 6, 2023 : VALE, BAC, AMZN, QQQ, MRK, AAPL, IQ, MSFT, PFE, KO, ALIT, WDC The NASDAQ 100 After Hours Indicator is down -10.89 to 12,291.59. The total After hours volume is currently 79,432,799 shares traded. The following are the most active stocks for the after hours session: VALE S.A. (VALE) is -0.01 at $16.68, with 6,521,728 shares traded. VALE's current last sale is 87.79% of the target price of $19. Bank of America Corporation (BAC) is unchanged at $34.09, with 3,492,820 shares traded. BAC's current last sale is 89.71% of the target price of $38. Amazon.com, Inc. (AMZN) is -0.09 at $93.66, with 3,173,777 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $0.28. As reported by Zacks, the current mean recommendation for AMZN is in the \"buy range\". Invesco QQQ Trust, Series 1 (QQQ) is +1.21 at $301.23, with 3,064,552 shares traded. This represents a 18.47% increase from its 52 Week Low. Merck & Company, Inc. (MRK) is -0.09 at $111.01, with 2,632,264 shares traded. As reported by Zacks, the current mean recommendation for MRK is in the \"buy range\". Apple Inc. (AAPL) is -0.15 at $153.68, with 2,211,853 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $1.43. As reported by Zacks, the current mean recommendation for AAPL is in the \"buy range\". iQIYI, Inc. (IQ) is +0.0604 at $7.65, with 1,819,482 shares traded. As reported by Zacks, the current mean recommendation for IQ is in the \"buy range\". Microsoft Corporation (MSFT) is -0.02 at $256.85, with 1,791,083 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the \"buy range\". Pfizer, Inc. (PFE) is -0.0101 at $41.10, with 1,556,995 shares traded. PFE's current last sale is 82.2% of the target price of $50. Coca-Cola Company (The) (KO) is -0.01 at $60.35, with 1,519,857 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $0.64. As reported by Zacks, the current mean recommendation for KO is in the \"buy range\". Alight, Inc. (ALIT) is unchanged at $9.81, with 1,492,772 shares traded. As reported by Zacks, the current mean recommendation for ALIT is in the \"buy range\". Western Digital Corporation (WDC) is unchanged at $37.78, with 1,388,099 shares traded. WDC's current last sale is 75.56% of the target price of $50. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "US STOCKS-S&P 500 ends slightly higher ahead of Powell testimony, upcoming data By Sin\u00e9ad Carew and Bansari Mayur Kamdar March 6 (Reuters) - The S&P 500 made little progress on Monday, closing slightly lower than its session high as U.S.

Determine the maximum fraction of total portfolio capital that should be allocated to EWJ, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0189 (i.e., a 1.89% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0189 = 5.2777, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.0600, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0037, std=0.0265, worst_day=-0.0775
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-31]

Determine the maximum fraction of total portfolio capital that should be allocated to ETH-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0600 (i.e., a 6.00% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0600 = 1.6663, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


AVAX-USD: 60-day history, VaR(99%)=-0.1065, max drawdown threshold=10%.

Question:
Asset: AVAX-USD
Daily returns (past 60 days): mean=-0.0073, std=0.0317, worst_day=-0.1516
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-19]

Determine the maximum fraction of total portfolio capital that should be allocated to AVAX-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.9387

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1065 (i.e., a 10.65% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1065 = 0.9387, capped at 1.0.
Maximum position size = 0.9387 (93.9% of portfolio).


VEA: 60-day history, VaR(99%)=-0.0149, max drawdown threshold=10%.

Question:
Asset: VEA
Daily returns (past 60 days): mean=0.0009, std=0.0079, worst_day=-0.0158
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-22] ["After Hours Most Active for Jun 22, 2023 : BTE, PLTR, ABR, AAPL, STKL, AMZN, KDP, IGIB, IQ, KO, SU, T The NASDAQ 100 After Hours Indicator is up 11.63 to 15,053.95. The total After hours volume is currently 81,431,725 shares traded. The following are the most active stocks for the after hours session: Baytex Energy Corp (BTE) is unchanged at $3.02, with 19,760,377 shares traded., following a 52-week high recorded in today's regular session. Palantir Technologies Inc. (PLTR) is -0.09 at $13.96, with 16,613,117 shares traded. PLTR's current last sale is 174.5% of the target price of $8. Arbor Realty Trust (ABR) is -0.02 at $14.06, with 8,556,060 shares traded. As reported by Zacks, the current mean recommendation for ABR is in the \"buy range\". Apple Inc. (AAPL) is +0.11 at $187.11, with 3,168,168 shares traded., following a 52-week high recorded in today's regular session. SunOpta, Inc. (STKL) is +0.1 at $6.95, with 2,583,726 shares traded. As reported in the last short interest update the days to cover for STKL is 7.427717; this calculation is based on the average trading volume of the stock. Amazon.com, Inc. (AMZN) is +0.24 at $130.39, with 2,345,481 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the \"buy range\". Keurig Dr Pepper Inc. (KDP) is unchanged at $31.92, with 2,158,387 shares traded. KDP's current last sale is 81.85% of the target price of $39. iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is +0.0074 at $50.39, with 1,646,206 shares traded. This represents a 7.64% increase from its 52 Week Low. iQIYI, Inc. (IQ) is +0.04 at $5.17, with 1,552,708 shares traded. As reported by Zacks, the current mean recommendation for IQ is in the \"buy range\". Coca-Cola Company (The) (KO) is -0.05 at $61.80, with 1,549,093 shares traded. As reported by Zacks, the current mean recommendation for KO is in the \"buy range\". Suncor Energy Inc. (SU) is unchanged at $28.81, with 1,319,952 shares traded. SU's current last sale is 73.87% of the target price of $39. AT&T Inc. (T) is unchanged at $15.58, with 1,268,446 shares traded. As reported by Zacks, the current mean recommendation for T is in the \"buy range\". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "US STOCKS-Wall Street ends higher as Powell wraps up testimony By Stephen Culp June 22 (Reuters) - The S&P 500 and the Nasdaq closed higher on Thursday as U.S. Federal Reserve Chairman Jerome Powell continued to beat a hawkish drum and suggested the central bank has not reached the end of its tightening cycle, but provided reassurance that the Fed would proceed with caution. The tech-heavy Nasdaq's robust gain got a boost from momentum stocks led by Amazon.com AMZN.O Apple Inc AAPL.O, and Microsoft Corp MSFT.O, while the S&P 500's advance was more modest. Industrials .SPLRCI and financials .SPSY held the blue-chip Dow essentially flat. \"Investors are playin

Determine the maximum fraction of total portfolio capital that should be allocated to VEA, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0149 (i.e., a 1.49% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0149 = 6.7005, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLI: 60-day history, VaR(99%)=-0.0239, max drawdown threshold=10%.

Question:
Asset: XLI
Daily returns (past 60 days): mean=0.0004, std=0.0103, worst_day=-0.0249
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-18] ["Apple CEO Tim Cook Opens First Store In India (RTTNews) - Apple Inc. Chief Executive Officer Tim Cook has inaugurated the tech major's first retail store in India, which is being considered as its new manufacturing base as well as new growth market. The first store, called Apple BKC, is located in the country's financial capital Mumbai. On Thursday, the company will open its second store in India, Apple Saket, in the capital of Delhi. The launch comes as Apple is aiming to boost sales, manufacturing and exports of Apple products including iPhones in India. Apple BKC is located inside the Jio World Drive mall at Bandra Kurla Complex or BKC in Mumbai. According to the company, Apple BKC is one of the most energy-efficient Apple Store locations in the world, operationally carbon neutral, running on 100 percent renewable energy. Prior to the inauguration, Cook tweeted a photo of himself and Apple BKC staff. Apple BKC will offer a special Today at Apple series, \"Mumbai Rising,\" running from the store's opening day through the summer. These free sessions featuring Apple products and services are expected to bring visitors, local artists, and creatives together. The iPhone maker, which views India as a key market, has been present in the country for more than 25 years. Cook in an earlier statement said, \"India has such a beautiful culture and an incredible energy, and we're excited to build on our long-standing history.\" Apple, which assembles most of its iPhones in China, last year announced plans to shift some production of its flagship smartphone iPhone 14 from China to India amid continuing tensions between the US and China, along with the then prevailed COVID-19 issues. Foxconn, Apple's key iPhone assembler, already manufactures iPhones at its Sriperumbudur factory on the outskirts of Chennai, India. In March, Bloomberg reported that Foxconn plans to invest $700 million to set up a new iPhone plant in India's Karnataka state, which would create 100,000 jobs. Foxconn will build a new 300-acre facility in Bengaluru as part of its ongoing effort to pivot away from China. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "3 Things About Shopify That Smart Investors Know Shopify (NYSE: SHOP) has taken investors on a wild ride since its initial public offering (IPO). The e-commerce services provider went public at a split-adjusted price of $1.70 per share on May 21, 2015; skyrocketed to an all-time high of $169.06 on Nov. 19, 2021, at the peak of the buying frenzy in growth stocks, but now trades at about $46. A $1,000 investment in its IPO would have grown to nearly $100,000 before shrinking back to about $27,000 today. Nevertheless, a 27-bagger gain in just under eight years still easily beats the S&P 500's gain of 94% during the same period. Image source: Getty Images. Shopify's stock initially caught fire because investors were impressed by its ability to disr

Determine the maximum fraction of total portfolio capital that should be allocated to XLI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0239 (i.e., a 2.39% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0239 = 4.1849, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DBB: 60-day history, VaR(99%)=-0.0205, max drawdown threshold=10%.

Question:
Asset: DBB
Daily returns (past 60 days): mean=0.0002, std=0.0115, worst_day=-0.0224
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to DBB, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0205 (i.e., a 2.05% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0205 = 4.8676, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BNB-USD: 60-day history, VaR(99%)=-0.0397, max drawdown threshold=10%.

Question:
Asset: BNB-USD
Daily returns (past 60 days): mean=0.0048, std=0.0271, worst_day=-0.0405
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to BNB-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0397 (i.e., a 3.97% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0397 = 2.5213, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


LINK-USD: 60-day history, VaR(99%)=-0.0624, max drawdown threshold=10%.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=0.0009, std=0.0377, worst_day=-0.0647
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-05]

Determine the maximum fraction of total portfolio capital that should be allocated to LINK-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0624 (i.e., a 6.24% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0624 = 1.6015, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DOT-USD: 60-day history, VaR(99%)=-0.0612, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=-0.0034, std=0.0325, worst_day=-0.0678
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0612 (i.e., a 6.12% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0612 = 1.6340, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


BTC-USD: 60-day history, VaR(99%)=-0.0547, max drawdown threshold=10%.

Question:
Asset: BTC-USD
Daily returns (past 60 days): mean=-0.0001, std=0.0288, worst_day=-0.0610
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to BTC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0547 (i.e., a 5.47% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0547 = 1.8296, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DOT-USD: 60-day history, VaR(99%)=-0.0419, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=0.0017, std=0.0238, worst_day=-0.0422
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-13]

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0419 (i.e., a 4.19% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0419 = 2.3849, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


SOL-USD: 60-day history, VaR(99%)=-0.0522, max drawdown threshold=10%.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=0.0053, std=0.0428, worst_day=-0.0559
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-23]

Determine the maximum fraction of total portfolio capital that should be allocated to SOL-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0522 (i.e., a 5.22% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0522 = 1.9165, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLE: 60-day history, VaR(99%)=-0.0411, max drawdown threshold=10%.

Question:
Asset: XLE
Daily returns (past 60 days): mean=-0.0016, std=0.0176, worst_day=-0.0481
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-23] ["US STOCKS-Wall Street rallies on hopes of Fed policy pause For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Jobless claims remain low, new home sales rise Block Inc slides after Hindenburg discloses short position US SEC threatens to sue Coinbase, shares drop Regional banks head lower Indexes up: Dow 0.44%, S&P 0.66%, Nasdaq 1.30% New throughout, adds NEW YORK dateline, changes byline By Stephen Culp NEW YORK, March 23 (Reuters) - Wall Street advanced on Thursday as market participants looked past remarks by U.S. Federal Reserve Chairman Jerome Powell on Wednesday and weighed the possibility that the central bank will pause its restrictive interest rate hikes in the near future. All three indexes marked the three-year anniversary of the nadir of the COVID-19 crash by heading higher, with megacap growth stocks, led by Microsoft MSFT.O and Apple Inc AAPL.O, providing the most upside muscle and putting the tech-heavy Nasdaq out front. \"Today the market is bouncing back on what was a dovish Fed hike yesterday,\" said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. \"Powell did a good job sticking to the party line on inflation and continued to jawbone hawkish even though the hike leaned dovish.\" \"It\u2019s not too crazy for markets to see that pivot in the near future,\" Mayfield added. The risk-on session reversed Wednesday's late-session sell-off after the Fed's rate hike, Powell's subsequent Q&A session and Treasury Secretary Janet Yellen's testimony before congress in which she ruled out blanket protection for all deposits. In view of recent turmoil in the financial sector, which began with the failures of SVB Financial Group SIVB.O and Signature Bank SBNY.O, worries that the Fed was overtightening and pushing the economy perilously close to recession, Powell's reiterance of the Fed's determination to cool inflation sparked a late session flight to safety. Jitters among regional banks persist, with the KBW Regional Bank index .KRX sliding 2.3%. Comments from the Bank of England that inflation will probably quickly fade also helped fuel hopes of light at the end of the central bank tightening tunnel. The BoE's commentary \"paints a picture of a global central banking system that's ready to slow the pace of their hiking,\" Mayfield said. But economic data released on Thursday showed jobless claims inching lower and new home sales posting a surprise gain, providing fresh evidence that the economy is yet to show the kind of softening that would lend itself to cooling inflation. The Dow Jones Industrial Average .DJI rose 142.01 points, or 0.44%, to 32,172.12, the S&P 500 .SPX gained 26.11 points, or 0.66%, to 3,963.08 and the Nasdaq Composite .IXIC added 151.81 points, or 1.3%, to 11,821.77. Among the 11 sectors of the S&P 500, communication services .SPLRCL and tech .SPLRCT led the percentage gainers. First Republic Bank FRC.Ndropped 8.6% in volatile trading i

Determine the maximum fraction of total portfolio capital that should be allocated to XLE, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0411 (i.e., a 4.11% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0411 = 2.4320, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLE: 60-day history, VaR(99%)=-0.0210, max drawdown threshold=10%.

Question:
Asset: XLE
Daily returns (past 60 days): mean=0.0014, std=0.0104, worst_day=-0.0241
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:FairValueInputsLevel12And3Member 2021-02-01 2022-01-31 00001 [...TRUNCATED...] sentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. (C) This Exhibit is a management contract or compensatory plan or arrangement (P) This Exhibit was originally filed in paper format. Accordingly, a hyperlink has not been provided. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Company hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. (c)    Financial Statement Schedules: None. ITEM 16. FORM 10-K SUMMARY None. 85 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Walmart Inc. Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer and Director     (Principal Executive Officer) Date: March 15, 2024   By   /s/ Gregory B. Penner     Gregory B. Penner     Chairman of the Board and Director Date: March 15, 2024   By   /s/ John David Rainey     John David Rainey     Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: March 15, 2024   By   /s/ David M. Chojnowski     David M. Chojnowski     Senior Vice President and Controller (Principal Accounting Officer) Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 86 Date: March 15, 2024   By   /s/ Cesar Conde     Cesar Conde     Director Date: March 15, 2024 By /s/ Timothy P. Flynn Timothy P. Flynn Director Date: March 15, 2024 By /s/ Sarah Friar Sarah Friar Director Date: March 15, 2024 By /s/ Carla A. Harris Carla A. Harris Director Date: March 15, 2024 By /s/ Thomas W. Horton Thomas W. Horton Director Date: March 15, 2024 By /s/ Marissa A. Mayer Marissa A. Mayer Director Date: March 15, 2024 By /s/ Randall L. Stephenson Randall L. Stephenson Director Date: March 15, 2024   By   /s/ S. Robson Walton     S. Robson Walton     Director Date: March 15, 2024   By   /s/ Steuart L. Walton     Steuart L. Walton     Director Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 87

Determine the maximum fraction of total portfolio capital that should be allocated to XLE, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0210 (i.e., a 2.10% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0210 = 4.7555, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).